30-SEP-2008

NIFTY ANALYSIS : Today’s weak sentiment can continue tomorrow also. Major Indices seen weak after hitting 2008 lows today. But overall movement will depend largely on global cues. Nifty is likely to take support around 3800 but below this level it could witness selling pressure. On upper side first resistance will come at 3920 and after that 4000 level.

NIFTY FUTURE :
For a day trading view, trade below 3874 continue then heavy panic may seen in market and it slide up to 3752 and then 3654 level. At upside it face resistance at 3970

.BSE SENSEX : Now it's a more chance to touch 12293 if break this then slide up to 11992 to 11582 level. At upside it face hurdle at 12700 and then at 13000.

RELIANCE : Now if break 1882 then it slide up to 1832 to 1783 level. At upside above 1980 it go for 2030 to 2080.

SBI : It slide up to 1353 and if break this too then it slide more up to 1301 to 1250. At upside it face resistance at 1456 and then at 1507.

TATA STEEL : Now it has a support at 431 if break this then slide up to 417 to 399 level. At upside above 449 it go for 463 to 481

.L&T : For a day trading view, it has a support at 2282 level if break this then slide more up to 2217 to 2108 level. At upside it face hurdle at 2391 if cross this then zoom to kiss 2456 to 2565 level.

ONGC : It face hurdle at 1049 if sustain above it then it go for 1077 to 1106 level. At downside below 1020 slide up to 992 to 963 level

.REL CAPITAL : For a intraday view, Above 1108 it zoom to kiss 1159 to 1231 level and if break 1036 level then slide up to 985 to 913 level.

REL INFRA : Below 808 more chance to touch 757 and if break this too then slide up to 721 to 670 level. At upside above 808 it go for 844 to 895 level.

BHEL : Below 1514 it slide up to 1439 to 1366 level. At upside it face hurdle at 1587 and suppose cross this then go for 1662 level.

DLF : Now if break 328 then it slide up to 307 to 285 level. At upside it face hurdle at 371 and then at 393.