Market Watch

Monday, August 31, 2009

Technical Calls 31 August 2009

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Stock Levels for 31/08/09

CLOSING SUPPORT RESISTANCE
ABB 754 735 721 702 758 778 787
ACC 808 796 786
815 832 854
AMBUJA 98.45 97

100 104 107
BPCL 495 488

502 510
BHARTI 433 421 415 405 440 460 481
DLF 412 406 396 384 415 438 452
GRASIM 2654 2608 2590 2541 2696 2723 2792
*** HERO HONDA 1508 1491 1457
1540 1623 1703
*** HUL 260 255 249
267 270 279
HINDALCO 109 104 101
111 119 125
*** ICICI BK 762 748 7440 729 774 808 815
IDEA 81 80 78
86 93 98
M&M 823 808 791 772 831 858 878
MARUTI 1422 1391 1372 1354 1448 1515 1558
NALCO 346 340 331
351 355 366
NTPC 209 205 201
214 220 231
PNB 678 670 660 650 692 711 734
*** REL 1168 1153 1126
1205 1243 1314
RIL CAP 873 855 819
888 906 938
RIL 2068 2025 2003 1974 2082 2123 2177
SIEMENS 510 495 470
527 541 564
SBI 1776 1747 1715
1814 1867
*** SAIL 166 162 160
168 180
SUZLON 93 89

99 111
UNITECH 99 95 93 88 106 115 126

ACC (500410) CMP (Rs 809; BUY) for target of 873 with stop loss of 786.
AMBUJA CEM (500425) CMP (Rs 98; BUY) for target of 109 with stop loss of 95.
BHARTI ARTL (532454) CMP (Rs 435; BUY) for target of 480 with stop loss of 410.
DLF (532868) CMP (Rs 413; BUY) for target of 450 with stop loss of 396.
HUL (500696) CMP (Rs 260; BUY) for target of 279 with stop loss of 256.
ICICI BANK (532174) CMP (Rs 763; BUY) for target of 808 with stop loss of 740.
ITC (500875) CMP (Rs 236; BUY) for target of 244 - 259 with stop loss of 231.
PNB (532461) CMP (Rs 679; BUY) for target of 745 with stop loss of 660.
REL INFRA (500390) CMP (Rs 1168; BUY) for target of 1305 with stop loss of 1106.
RIL (500325) CMP (Rs 2070; BUY) for near target of 2225 & mid term 2496 with stop loss of 2003
SBI (500112) CMP (Rs 1781; BUY) for target of 1872 with stop loss of 1748.
SAIL (500113) CMP (Rs 166; BUY) for near target of 180 with stop loss of 160

NIFTY

4707-4679 On Monday 4707-4679 will be buy area.
Strong Markets will not break 4695 .
4910-4957-5065. Above 4707 Nifty could test 4742 ( Friday`s high ).Further it could open for 4910-4957-5065.
4640-4592-4547-4475 . Nifty has support at 4651 ( Friday`s low ).Below it could open for 4640-4592-4547-4475 .

SENSEX

15844-15756 On Monday 15844-15756 will be buy area.
Strong markets will not break 15810.
16002-16666-16950 . Above 15844 Sensex could test 15957 ( Friday`s high ). Further it could open for 16002-16666-16950 .
15467-15321-15085 . Sensex has support at 15663 ( Friday`s low ). Below that we open for 15467-15321-15085 .