28-07-2010 

 

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Nifty Close      :  5430

 

Resistance     :  5477-5477

 

Support          :  5405-5387

 

Nifty , On technical Chart, WILL TOP AROUND 5547…… This is strong resistance level on ST Chart…..

Surviving above means Nifty Can test 5905 levels.. Else  we can expect Correction which would not be

small but moderate to heavy….In casr Nifty break 5127   ,Next Target can be  4637 and 4111 Where

 Heavy correction would be over.. If Nifty Sustain above 5547 and march … We can expect at least 5905……….

I would be watchfull above 5547………..  One shall Note  52 Week High in following Stocks..  Itnormally

 works as natural Resistance.

Sr. No      Stock             Cmp     52 week High
—————————————————————————
(1)            Tata motors        844         882
                (2)            Reliance           1053        2285 /2 ( Bonus)
(3)            TCS                   847          859
(4)            IDFC                  190          196
(5)            AXIS Bank         1371        1396
(6)            BAJAJ AUTO    2664         2666
(7)            LIC HF              1084         1092
(8)           Ashok leylnd          72            74
(9)           IFCI                       61            63
(10)         HCL TECH            380          410
(11)         Infosys                2830        2910
(12)         CMC                   1682        1690
(13)          TCS                     847         859

 

 

   I hope, most of you got my point….

 

  S.K.