As posted yesterday, RPL high touched 131.65 and dropped to 129 low, the suggestion valid till it crosses 131.65. RCOM got resistance at 546.8, SBI touched high at 1675, Tata steel touched high at 714.9. The RIL dropped to 2020 level when lost support at 2035.(..read.. RPL has resistance at 131.65 and could move to get support at 123-122 level.)
The market has moved below the support level can bring joy to bears. Those who want to short shall check the Nifty resistance at 4521-23 and low shall be less than 4485-87.If Nifty trades below 4463 a steep fall is expected (on any given day). The RIL has resistance at 2039-41 (above 2045 strong), SBI has resistance at 1663, RCOM resistance at 539-41 Tata Steel resistance at 711-09.
In case of bull move GMR good for delivery above 786 and stop-loss at 773-71 level. Nifty trades above 4508-09, favours bulls buying opportunities in Punj Lloyd (buy above 291-stop loss at 288-87), NTPC- buy above 183-stop loss at 178.
Tuesday, September 18, 2007
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