12-05-2009

Profit booking has started and has halted the short term up trend. The Bearish Harami on Nifty was confirmed yesterday by a Black Candle.

Sensex Resistance 11735-11824-12026. Support 11560-11430-11257-11089.

Nifty Resistance 3570-3598-3648. Support 3514-3473-3446-3351.

Sell Bharti 748 SL 767 Tgt 738-713.
Sell L&T 963 SL 996 Tgt 943-922.
Sell Grasim 1730 SL 1789gt 1680-1652-1562.
Sell Rel Cap 546 SL 568 Tgt 527-496.
Sell SBI 1258 SL 1292 Tgt 1230-1205.
Sell DLF 228 SL 241 Tgt 216-204.
Sell McDowell 650 SL 679 Tgt 634-610.
Sell HDFC Bank 1147 SL 1168 Tgt 1110-1063.
Sell HDFC 1711 SL 1753 Tgt 1644-1629.
Sell HDiL 166 SL 171 Tgt 160-146.
Sell Siemens 324 SL 340 Tgt 315-295.
Sell Bhel 1606 SL 1622 Tgt 1566-1534.

At Lower Levels Die Hard Bulls Can Buy

Buy Nucleus 71 SL 67 Tgt 75-78.
Buy Petronet 55 SL 53 Tgt 59-62.
Buy BoB 330 SL 317 Tgt 337-344.
Buy Triveni 64 SL 61Tgt 68-73.
Buy Aurobindo 297 SL 286 Tgt 313-325.
Buy RiiL 769 SL 730 Tgt 814-859.