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Stocks & Levels to watch today
Wednesday, July 18, 2007
NIFTY/ SENSEX ! Nifty - Bullish Targets for Short Term Maintained - EST Support at 4450 and 4410. Be Sector & Scrip Specific - Many Sectors likely to move opposite direction in next 3 Days
TATA STEEL ! Bearish target of 669-670 maintained book profit on every technical rally
STATE BANK OF INDIA ! Bearish indication in daily charts - Further decline to 1525 and 1500 indicated in short term
MAH & MH! Mildly bearish in extreme short term charts use technical rally towards 810 for profit booking
O B C ! Bearish indication in extreme short term -Charts favor decline to 244 in coming days
SIEMENS ! Highly oversold after intra day decline from 1475 -1340 buy grdually with SL for target of 1410
MPHASIS ! Contiunes to be in oversold zone - Buy grradually on further declines for target of 308-310
LARSEN & TUBRO! Highly overbought in daily charts book profit on every rise for short term target of 2150
RNRL ! Strong resistance at 44 -Fresh buying above 44 with SL for target of 48 +
NITIN FIRE ! All indicators in favor of rise to 520+ -Use corrective decline to 465 for buying with SL
RELIANCE ENERGY ! Heading for 665 in near future -Use pull back towards 710 for booking part profit
INDIA INFOLINE ! Medium terrm target of 800 maintained -Use corrective decline towards 790 for buying with SL
ND TV ! Bearish breakout in hourly charts use pull back towards 435 for profit booking for target of 415
MARUTI UDYOG ! Strong support around 820 -Bearish crossover with volumes to target 795-800 in 1-2 days
SUZLON ENERGY ! Short term resistance at 1510 - Bullish crossover with volumes with target 1600 in coming days
RADINGTON! Breakout form bearish pattern -Indicators favor further decline to 240 in near term
TATA POWER ! Short term indicators favor decline to 640 -Use pull back for profit booking only
TATA TEA! Bearish but over sold use pull back towards 840 for profit booking to re-enter below 800
IFCI ! Bearish breakout in daily charts - Llikely to decline to 53-54 in coming days
IDEA CELLULAR! Bullish breakout in hourly charts another close above 127 will target 136 in few sessions
STEEL AUTHORITY! Extreme short terrm charts in favor of decline to 150- Use technecial rally towards 157 for profit between
RELIANCE PETROLEUM! Mildly bearish in intra day charts -Corrective decline to 109-110 likely
ALLAHBAD BANK! Extreme short terrm charts are in favor of decline to 97-97.5 -Use technical rally to book profit
DLF LTD ! On verge of bullish breakout in hourly charts -Close above 620 will target 645+ in near term
ZEE NEWS .! Bullish indication in short terms likely to cross 55 in near future
RELIANCE INDS.! Bullish but overbought in extreme short terrm book parrt profit to re-enter below 1790




