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Stock Levels to watch today

Thursday, June 28, 2007

* NIFTY/ SENSEX ! Nifty - 2 Way Movement Likely in Overall Bearish Outlook. Metal / Infra/ Select Banks likely to Decline - Technical Recovery in Many IT Stocks on Charts

* GMR INFRA ! Highly Overbought in Extreme Short Term - Charts favour further Decline to 680 in Near Term

* IDEA CELLULAR ! Target of 126 Maintained - Strong support at 119/ Buy if Support of 119 is Held

* STEEL AUTHORITY ! Bearish Breakout in Houlr Charts - Likely to Decline to 126.50-127 in nEar Term

* E N I L ! Highly Overbought in Extreme Short Term - Charts favour further Decline to 475-480

* RELIANCE COMM ! Bearish Indications in Extreme Short Term - Charts favour further Decline to 503

* ORBIT CORP ! Bullish Breakout in Daily Charts - Headingg for 300+ in Coming Sessions/ Buy on Declines with SL

* DISH T V ! Strong resistance @ 110 - Bullish Crossover with Volumes will Target 118+ in Near Term

* STATE BANK OF INDIA ! Minor Support at 1433 - Bearish Break to wipe Off Rs40/- in Near Term

* RELIANCE CAPITAL ! Another Close below 1088 will Wipe Off Rs 40/- in Near Term - Book Profit at Higher levels

* SATYAM COMPUTER ! Bullish Indications in Extreme Short Term - Buy on Declines till 465 with SL for Target of 482+

* UNITECH LTD. ! All Set to Go Below 500 / Use Every Rise to Book Profit to Re-Enter below 500

* HIND PETRO ! Strong Support at 260 - Likely to Move Up to touch 275+ if suport is Held / Buy with SL

* TATA STEEL ! Bearish Breakout in in Extreme Short Term - Indicators favour decline to 565 in Near Term

* A P I L ! Bearish Indications in Extreme Short Term - Corrective Decline to 720-725 Likely

* T I T A N ! HIghly Overbought in Extreme Short Term - Corrective Decline to 1285 on Charts

* B R F L ! Extreme Short Term Charts in favour of Decline to 225-226 / Use Pullback to Book Profit

* TATA MOTORS ! Short Term Charts in favour of Decline to 650 - Use Pullback to 675 for Profit Booking Only

* I C I C I BANK ! Extreme Short Term Charts in favour of Decline to 920 - Use Higher Levels to Book Profit only

* B P C L ! Highly Oversold in extreme Short Term Charts - Buy Gradually on Declines with SL for Target of 341-345

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.