18 May 2012
SENSEX (Close - 16070.50) Sensex
refused to maintain its relief rise and closed on marginal positive. Nightmare
comes true as all global market is slipping right now with more than 2%. Moody
downgrade 16 spanish banks, these are the same news flow which was rejected by
market in the month of January. Now sentiment is against market and reaction is
so violent. If Greece get defaulted then it will trigger a massive chain
reaction of default. Technical charts are suggesting for another steep fall towards
15700, majority of those will come as gap down. Sensex is falling from 17430
and preparing to hit 15700, a full 1700 points of fall in past 13 days. This is
now beginning of problem as market is not ready to take any support. Its the
time for global recession. Market will be waiting for quarterly result by SBIN
and TATASTEEL.
Support - 15800/15700/15500 Resistance
- 16110/16240/16380
NIFTY (Close - 4870.50) Nifty is
not only going to break 4830 but it seems that we will open even below 4800. I
am really shocked with this kind of fall. I was expecting recovery for 2-3 days
but it is not working. Below 4800 we will have support t 4766 and 4740. Prepare
for a massive and real massive fall in coming few weeks/months.
Support - 4800/4766/4740 Resistance - 4900/4930/4986
LT (Close - 1163.50) I kept on
criticizing capital goods stocks in past few weeks. This stock has failed to
cross 1240 and kept on falling. For today's trading one can trade on short side
for a move towards 1110 levels. Gap down will spoil majority of technical fall.
Support - 1148/1130/1110 Resistance - 1178/1189/1206
BHEL (Close - 206.10) Trade short
on this stock for fall below 200. I have quoted for the target of 190 in short
term earlier. Those target will come without any recovery. We may expect trade
below 200 by today itself. If open only at 200 then ignore.
Support - 200/295/190 Resistance - 209/212/215
TATA STEEL Today Big Day Remember
we are bearish below 420 - Buy Only Above Otherwise downside target 370-375
range
AXIS BANK Major Support broken...
960 Downside to continue
SBI: (1848) Crossover above 1872
it'll surge up correctively to 1916 & 1956. Downward side 1823 & 1804
crucial supports. Break below 1804 it'll turn weak & fall down to 1783
initially. Break below 1783 it'll crash down to 1759 & 1730-1713.
MARUTI: (1205) Sell considering
1220 & 1232 solid resistances keeping stop loss of 1245. Downward side
it'll fall down to 1168 & 1157.
TATA MOTORS: (271) Sell considering 278 a solid resistance
keeping stop loss of 285. Downward side 269 & 264 crucial supports to watch
out for. Break below 264 it'll heavily crash down to 256 & 252.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
212
|
201
|
220
|
232
|
|
S.SELL BELOW
|
200
|
203
|
192
|
172
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
235
|
233
|
237
|
241
|
|
S.SELL BELOW
|
231
|
234
|
228
|
226
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
276
|
273
|
279
|
284
|
|
S.SELL BELOW
|
272
|
274
|
269
|
263
|
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