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Showing posts from May 25, 2010

NIFTY - where is the bottom ?

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NIFTY (4807) - As per last post, pulled back 5030 instead of 5040 and now reached the 4800 target. Hereafter what next ? If trade and CLOSE below 4800, then next attack 4655 but TWO CLOSE below 4655 then the ultimate target in downside 3950 - 3700.
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NF (4912) - Resistance are same 4975 and above this level 5025. downside levels are 4875-4864 and after that 4830-4816.

Sesa Goa

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SESAGOA (338) - As per previous post, 332-330 is support , In case, if trade and stays below this level then take it down to 312-308 and after that 285. (intra-day support 324).

Tata Steel

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TATASTEEL (501) - As per previous post, 492 support remain same. But trade and stays below 487, then it take it down to 450 & 433-430. (intraday support 476)