09-01-2009

Satyam episode has broken the ongoing rally and if Nifty breaks and close below 9312-9280, then the intermediate uptrend will be over.

Sensex Resistance 9633-9745-9911. Support 9489-9312-9162.

Nifty Resistance 2966-3055-3076. Support 2860-2812-2720.

Sell Suzlon 52 SL 56 Tgt 46-41.

Sell JP Associates 71 SL 75 Tgt 66-60.

Sell HDFC Bank 1009 SL 1035 Tgt 975-960.

Sell IBReal 117 SL 123 Tgt 111-103.

Sell LiTL 126 SL 136 Tgt 118-104.

Sell IVRCL Infra 121 SL 130 Tgt 117-110.

Sell HDiL 108 SL 118 Tgt 101-89.

Sell Punj Lloyd 138 SL 145 Tgt 132-127.

Sell RPower 113 SL 116 Tgt 109-101.

Sell Rel Cap 517 SL 545 Tgt 498-463.

Sell RiL 1200 SL 1228 Tgt 1151-1127.

Sell DLF 233 SL 249 Tgt 217-200.

Some +ve Bounce will be seen in stocks like HPCL, BPCL & IOC.