Market Outlook and Free Intraday Tips for 20 Feb 2009

by admin on February 20, 2009

NIFTY :

NIFTY: Today resistance 2810, crossover it can move up to 2840-2850, down side major support 2760-2750 and it should not break and close below that level. (sell on every rise……..)

WEEKLY: Trend Decider 2917, resistance 2994,3064, down side support 2864,2787.

BSE:

WEEKLY: Weekly trend decider is 9563, resistance 9797, 9959, down side support 9401, 9167

BSE:  Today resistance 9112, once cross this level, short term positive, down side below 8977, below further weakness. Close below 9300 bear favour. (Likely test previous low )

CNX IT

WEEKLY: Trend decider 2198, resistance 2227, 2264, down side support 2161, 2131.

Further weakness only below 2050… till then corrective rally.

BANK NIFTY :

WEEKLY: Trend decider 4505, resistance 4645, 4739 down side support 4411, 4271

Today it will face 4250-4300………down side support exit 4000… corrective rally on the card from over sold zone, but it cautious approach at higher level.

DOW :

Strong resistance 8500 for smooth bull move, Below 8000 target 7450 ultimate target. Very near to major support level.

RELIANCE:

Today resistance 1314, 1338, down side break below 1280 further weakness. Major support exit 1250,

WEEKLY: Trend Decider 1382, resistance 1422 1455, down side support 1350, 1308.

HINDALCO:

WEEKLY: Weekly trend decider is 46, resistance 47.50 49, support 44 42.

Below 40 looks very bearish and Hot sell. Will it test 25 mark.

BANK OF INDIA:

WEEKLY: Weekly trend decider is 251, resistance 258 264, support 245 239.
Today resistance 228, once cross these level, it will test 231 233 and maximum up side 238-240 range and selling opportunity.

PNB :

Today support 366,crossover 376, more up side.

MARUTI:

WEEKLY: Weekly trend decider is 614, resistance 655 678, support 592 551.

Looks good… above 638 buy and non stop target 650 mark. Decline to buy…

GMR INFRA:

WEEKLY: Weekly trend decider is 79, resistance 85 90, down side support 73 68.

Higher level strong resistance 82-84 and sell this stock.

RENUKA SUGAR :

WEEKLY: Weekly trend decider is 87, resistance 97 102, support 81 70

Down side support 75. Higher level resistance 90-93.

RPL:

WEEKLY: Weekly trend decider 87, resistance 90 92, support 85 82

Major and Massive resistance 84……..

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