040308 - 8.20 am

AS WE DISCUSSED YESTERDAY THE KEY POINT 16950 BROKE AND WENT UP TO 16634 LEVELS, SO NOW WE HAVE THE SUPPORT AT 16450 RANGE, IF IT BREAKS AND SUSTAIN BELOW FOR HALF AN HOUR, THEN NEXT SUPPORT WILL BE AT 16200 TO 16000,

THIS 16000 IS THE PRIMARY TREND LINE (FOR LAST 5 YEARS), SO HOPE THIS LINE MAY NOT BE BREAK AND MAY NOT CLOSE BELOW 16K LEVELS, BUT THERE IS A POSSIBILITY OF 15700 ON REVERSAL BASIS,

EVEN THOUGH WAIT FOR SETTLE DOWN OF THE DUST, FOR SOME MORE DAYS

NALCO (NATIONAL ALUMINIUM) LOOKS GOOD FOR SHORT TERM MOVE, SO BUY IT UP TO 435, AND KEEP THE S/L AS 434 ON CLOSING BASIS, WHEN IT BREAKS AND CLOSE ABOVE THE 490 LEVELS TARGET WILL BE AT 540 WITH IN 5 TO 10 DAYS, SO BUY AT LOW(chart will update later)

ALL PHARMA R GOOD

BEST OF THE DAY

BPCL AB 475
CIPLA AB 217
CESC BL 492
REL BL 1460