050308 - 8.35 am

NEXT SUPPORT OF SENSEX WILL BE AT 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 16000 LEVELS, BUT THERE IS A POSSIBILITY OF 15700 ON REVERSAL BASIS,

ABOVE 16820 WE HAVE RESISTANCE AROUND 17200, 17700 TO 17800

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

ALL AUTO SECTORS DOING GOOD, (HERO HONDA, MARUTI, MM), ARE THE BEST TO WATCH

ICICI

HIGH RISK DELIVERY TRADERS CAN BUY ICICI AROUND 900 WITH S/L OF 880 ON CLOSING BASIS WITH ONE TO TWO MONTHS VIEW,

902 IS THE FIBONACCI LEVELS (85.4%), ICICI ALWAYS TAKE SUPPORT AROUND 85.4% (FIBONACCI) LEVELS, SO BUY AND KEEP THE S/L TARGET WILL BE 1100, 1200, 1300, 1400

BEST OF THE DAY

HINDALCO AB 205
ASIAN PAINT AB 1180
ADANI AB 678
BPCL SELL BELOW 431