Date:19th Sept,2011
Nifty (Intraday Close:5032.80)- Nifty was down -1.01% or 51 points down as expected.Nifty may move down further before getting a cushion and support at 4985.If during the trading hours Nifty comfortably takes support from here,it can bounce back.So please watch this level of 4985 tommorow.
But Friends if any selling pressur forces Nifty to breach down this level os 4985,one could see Nifty touching the levels of 4932 and 4893 in the coming 2 days.
However,as I had predicted in my earlier Blof Nifty is just lying marginally above its support of 5030.Any upward push by this crucial Intraday support level may push Nifty up to the level of 5076 or maximum 5090.(not More than That)
It has to be noted that the Volumes were less today.
Axis Bank Looks Bearish For Tommorow at the cmp of 1099.
Buy LIC Housing Finance if its above the level of 216.75.This stock can hit the target of 223 in coming days.
Be Cautious about Maruti.It has near about formed a double top.May face ressistanmce at 1149 and come down.
Mundra Port looks good for Buying at the cmp of 153.50.Target for Tommorow 156 and 158
Asahi India looks agood at Current level of 71.3.This scrip can hit a target of 76 in the coming 2 days.
Buy Bajaj Finance if its above 638.Tommorow's target is 645.
for further details mail me on kd_analyst@rediffmail.com
Nifty (Intraday Close:5032.80)- Nifty was down -1.01% or 51 points down as expected.Nifty may move down further before getting a cushion and support at 4985.If during the trading hours Nifty comfortably takes support from here,it can bounce back.So please watch this level of 4985 tommorow.
But Friends if any selling pressur forces Nifty to breach down this level os 4985,one could see Nifty touching the levels of 4932 and 4893 in the coming 2 days.
However,as I had predicted in my earlier Blof Nifty is just lying marginally above its support of 5030.Any upward push by this crucial Intraday support level may push Nifty up to the level of 5076 or maximum 5090.(not More than That)
It has to be noted that the Volumes were less today.
Axis Bank Looks Bearish For Tommorow at the cmp of 1099.
Buy LIC Housing Finance if its above the level of 216.75.This stock can hit the target of 223 in coming days.
Be Cautious about Maruti.It has near about formed a double top.May face ressistanmce at 1149 and come down.
Mundra Port looks good for Buying at the cmp of 153.50.Target for Tommorow 156 and 158
Asahi India looks agood at Current level of 71.3.This scrip can hit a target of 76 in the coming 2 days.
Buy Bajaj Finance if its above 638.Tommorow's target is 645.
for further details mail me on kd_analyst@rediffmail.com
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