Saturday, August 22, 2009

Last week our market was range bound,mostly it was driven by global markets especially by China. So on higher side NIFTY
(CMP-4528.8) should cross resistance level of 4605 for a target of 4680 and on downside you should have a STL of 4455.So you can look at ....
1.)RANBAXY (CMP-311.65) can go upto a level of 350 with
STL at 295.5
2.)BHEL (CMP-2301.8) can go upto a level of 2590 with STL at 2230
3.)BHUSHAN STEEL (CMP- 973.4) can go upto a level of 1152.15 with STL at 925
4.)JINDAL STEEL & POWER (CMP- 3089.75) can go upto a level of 3356.75 with STL at 2918.1