PUNTERS TIPS17 AUGUST 2011-INDIAN STOCK MARKET BULLISH AND BEARISH STOCKS

ACTION	COMPANY	Pivot point	R1	R2	R3	S1	S2	S3
SELL	Mercator Lines	26.5	27.3	28.6	29.4	25.1	24.3	23.0
SELL	IVRCLINFRA	42.2	45.7	52.0	55.5	35.9	32.4	26.1
SELL	JPASSOCIAT	58.9	61.6	66.1	68.8	54.4	51.7	47.2
SELL	DLF	193.4	199.8	210.8	217.2	182.4	176.0	165.0
SELL	IVRCL Assets	33.7	35.2	37.3	38.7	31.6	30.2	28.1
SELL	GTLINFRA	12.2	12.9	14.1	14.7	11.0	10.4	9.2
SELL	RELCAPITAL	418.5	430.5	449.9	461.9	399.1	387.1	367.7
BUY	COX&KING	221.2	226.2	233.1	238.1	214.3	209.3	202.4

GOLD :STRONGLY
BUY

2nd Resistance
Point   $  1,789.08

1st Resistance
Point    $   1,786.85

Last
Price                   $   1,784.25

1st Support Level        $  1,783.01

2nd Support Level       $   1,781.40

BANK NIFTY:
STRONGLY SELL

2nd Resistance
Point     10,423.599

1st Resistance
Point      10,240.000

Last
Price                     10,056.400

1st Support Level           9,947.900

2nd Support Level          9,839.400

CNX MID CAP:STRONGLY
SELL

2nd Resistance
Point                2,298.650

1st Resistance
Point                 2,248.000

Last
Price                                2,197.350

1st Support Level                    2,168.750

2nd Support Level                  2,140.150




Godfrey Phillips India Ltd:STRONGLY BUY 

2nd Resistance Point
3,378.25 

1st Resistance Point
3,321.60

Last Price   
3,264.95 

1st Support Level
3,216.65

2nd Support Level
3,168.35