PUNTER CALL 24 HRS UPDATE

NIFTY IS GOING TO FALL VERY SOON.SHORT TERM..HONEY MOON IS OVER..........5200...5400........... MAXIMUM...IF FDI..OK ..IN RETAIL SECTOR..NIFTY..WILL TOUCH ROOF .....6100


Nifty Update: Nifty continued the upward journey and closed higher at 5204.

• Today the first resistance for nifty is at 5220-24 level. Next resistance ranges are at 5237-40,5256-61,5340-45 levels. On downside first support is at 5190-86 level.
•  Next supports are at 5172-68,5147-44,5130-27,5115-12,5075-70,5049-44,5030-26,5003-99,4987-83, 4963-60,4940-36, 4899-95,4872-68,4863-59,4842-38,4812-07 level.
• The trend is in positive side but be alert as oscillators are in overbought zone.

INTRA DAY TRADING CALL

Reliance Infrastructure Ltd:Indicators signal:Strong Buy

2nd Resistance Point 553.300

1st Resistance Point 541.600

Last Price                   529.900

1st Support Level         510.600

2nd Support Level         491.300

RED ALERT:The RELINFRA is now trading in highly overbought level. 

Kesoram Industries Ltd:Indicators signal:Strong Buy

2nd Resistance Point 125.050

1st Resistance Point 122.750

Last Price                   120.450

1st Support Level         115.850

2nd Support Level           111.250

Ranbaxy Laboratories Ltd:Indicators signal:SELL

2nd Resistance Point 463.700

1st Resistance Point 453.800

Last Price                   443.900

1st Support Level         438.000

2nd Support Level         432.100

Bpl Ltd:Indicators signal:Strong Buy

2nd Resistance Point 20.867

1st Resistance Point 20.333

Last Price                   19.800

1st Support Level         19.233

2nd Support Level         18.667

RED ALERT:Share comparitively performed better than market . The oscillator is on SELL signal and share is coming down from overbought level Candle Pattern shows some strength, For long term share is in SELL level .Currently share is in HOLD LONG position.