SENSEX VIEW 28-02-08

YESTERDAY SENSEX BROKE THE TRIANGLE UP SIDE TREND LINE,(RESISTANCE LINE), WENT UP, AND CAME DOWN, ALSO IT TOOK SUPPORT IN THE SAME TREND LINE (17770), TODAY THAT TREND LINE SUPPORT IS AT 17674, SO IF IT BREAKS AND SUSTAIN BELLOW 17650 FOR HALF AN HOUR, THEN DOWN SIDE CONFORM UP TO 17500 TO 17410 AND POSSIBLE UP TO 17300..

SENSEX HAS RESISTANCE AROUND 18020 TO 18075 LEVELS, SO IF SENSEX BREAK AND SUSTAIN AB 18100 FOR HALF AN HOUR THEN UP SIDE CONFORM UP TO 18300 TO 18350 AND POSSIBLE UP TO 18510 (TO FILL THE GAP DOWN OPEN WHICH HAD HAPPENED ON 5TH FEB)
DUE TO F&O EXPIRY AND BUDGET, I EXPECT SOME VOLATILE IN THE RANGE OF 17600 TO 18100, IF ANY ONE BREAKS (17660 OR 18100) THEN NEXT MOVE MAY BE AS MENTIONED ABOVE

GMDC

A LONG AND STRENGTH TREND LINE RESISTANCE IN GUJARAT MINERAL, IS AT 437 TO 440 LEVELS, 4 TIME IT HAD ACTED AS A STRENGTH RESISTANCE, SO IF IT BREAKS THE 440 THEN GOOD MOVE WILL BE THERE, SO BUY GMDC ONLY AB 440 WITH TARGET OF 460, 490 WITH IN 10 TO 15 DAYS, S/L 427 ON CLOSING BASIS

GMDC

KEMROCK IND (526015)

LOOKS GOOD FOR SHORT TERM, BUY AT DECLINE AROUND 660 S/L 620 TARGET 730, 750 WITH IN 10 DAYS, PATIENT PLAYERS CAN BUY UP TO 630 LEVEL ALSO, ABOVE 685 FAST MOVE WILL BE THERE, IT IS FORMING TRIANGLE AND CUP WITH HANDLE FORMATION

KEMROCK IND

TODAY BEST
ULTRA TECH AB 926 T 950, 960, S/L 910
GE SHIP AB 455
ONGC AB 1055
IND BULL REAL AB 679