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Research Details:-
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Market Strategy for 04-07-2008
Short term Investors keep booking profit on every raise. Long term Investors keep buying on all dips, buy part by part and hold for a year. This Volatality will continue for sometime. T. R. ARULRAJHAN, Vice President
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TECH NEWS:
INVESTMENT PREVIEW:
EDUCOMP - Buy above 2235 sl 2120 tgt 2700
On 13/08/2007 - Educom reached our target 2700.
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INVESTMENT :
LONG TERM buy and hold -- Bombay dyeing, DLF, RNRL, RPOWER, Reliance Industries, IFCI, IDBI, & NTPC. LT & BHEL Buy on all dips hold for 2 years.
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| Scrip | Support2 | Support1 | Pivot | Resistance1 | Resistance2 |
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| S&PCNXNIFT | 3,743.48 | 3,834.62 | 3,965.98 | 4,057.12 | 4,188.48 |
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| NIFTY JUL | 3,699.87 | 3,789.73 | 3,904.87 | 3,994.73 | 4,109.87 |
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| ABB | 727.08 | 761.17 | 786.08 | 820.17 | 845.08 |
| ACC | 449.30 | 460.60 | 480.30 | 491.60 | 511.30 |
| AMBUJACEM | 65.17 | 68.38 | 72.22 | 75.43 | 79.27 |
| BHARTIARTL | 671.18 | 689.47 | 717.48 | 735.77 | 763.78 |
| BHEL | 1,318.68 | 1,360.37 | 1,392.68 | 1,434.37 | 1,466.68 |
| BPCL | 195.20 | 210.45 | 221.25 | 236.50 | 247.30 |
| CAIRN | 235.20 | 246.20 | 257.50 | 268.50 | 279.80 |
| CIPLA | 204.52 | 207.93 | 213.42 | 216.83 | 222.32 |
| DLF | 341.62 | 362.23 | 395.62 | 416.23 | 449.62 |
| DRREDDY | 629.20 | 642.10 | 653.00 | 665.90 | 676.80 |
| GAIL | 303.05 | 311.90 | 325.95 | 334.80 | 348.85 |
| GRASIM | 1,600.37 | 1,640.73 | 1,695.37 | 1,735.73 | 1,790.37 |
| HCLTECH | 220.35 | 228.50 | 240.25 | 248.40 | 260.15 |
| HDFC | 1,786.93 | 1,863.87 | 1,941.93 | 2,018.87 | 2,096.93 |
| HDFCBANK | 908.15 | 946.30 | 983.15 | 1,021.30 | 1,058.15 |
| HEROHONDA | 582.12 | 623.03 | 692.52 | 733.43 | 802.92 |
| HINDALCO | 128.52 | 132.03 | 137.02 | 140.53 | 145.52 |
| HINDUNILVR | 186.32 | 191.33 | 195.67 | 200.68 | 205.02 |
| ICICIBANK | 523.97 | 547.93 | 581.47 | 605.43 | 638.97 |
| IDEA | 81.42 | 84.33 | 89.42 | 92.33 | 97.42 |
| INFOSYSTCH | 1,689.52 | 1,716.28 | 1,758.77 | 1,785.53 | 1,828.02 |
| ITC | 159.93 | 164.62 | 172.78 | 177.47 | 185.63 |
| LT | 2,137.03 | 2,184.47 | 2,239.73 | 2,287.17 | 2,342.43 |
| M&M | 410.43 | 439.87 | 459.33 | 488.77 | 508.23 |
| MARUTI | 523.35 | 535.90 | 557.55 | 570.10 | 591.75 |
| NATIONALUM | 317.98 | 331.67 | 347.08 | 360.77 | 376.18 |
| NTPC | 144.18 | 148.37 | 154.18 | 158.37 | 164.18 |
| ONGC | 786.47 | 822.93 | 851.47 | 887.93 | 916.47 |
| PNB | 343.73 | 364.07 | 381.23 | 401.57 | 418.73 |
| POWERGRID | 69.95 | 72.05 | 74.10 | 76.20 | 78.25 |
| RANBAXY | 496.78 | 505.37 | 512.68 | 521.27 | 528.58 |
| RCOM | 365.77 | 377.73 | 395.37 | 407.33 | 424.97 |
| RELIANCE | 1,970.83 | 2,020.47 | 2,075.23 | 2,124.87 | 2,179.63 |
| RELINFRA | 621.95 | 672.75 | 745.80 | 796.60 | 869.65 |
| RPL | 159.65 | 163.80 | 169.20 | 173.35 | 178.75 |
| SAIL | 115.12 | 121.78 | 131.87 | 138.53 | 148.62 |
| SATYAMCOMP | 434.33 | 442.47 | 453.73 | 461.87 | 473.13 |
| SBIN | 998.02 | 1,049.23 | 1,091.47 | 1,142.68 | 1,184.92 |
| SIEMENS | 360.45 | 372.90 | 388.45 | 400.90 | 416.45 |
| STER | 595.82 | 626.88 | 671.07 | 702.13 | 746.32 |
| SUNPHARMA | 1,322.03 | 1,352.07 | 1,375.03 | 1,405.07 | 1,428.03 |
| SUZLON | 158.55 | 168.90 | 185.05 | 195.40 | 211.55 |
| TATACOMM | 320.08 | 336.27 | 361.18 | 377.37 | 402.28 |
| TATAMOTORS | 367.52 | 379.53 | 395.27 | 407.28 | 423.02 |
| TATAPOWER | 890.07 | 948.23 | 1,024.62 | 1,082.78 | 1,159.17 |
| TATASTEEL | 593.02 | 625.53 | 683.52 | 716.03 | 774.02 |
| TCS | 792.28 | 824.47 | 852.73 | 884.92 | 913.18 |
| UNITECH | 139.42 | 146.83 | 158.92 | 166.33 | 178.42 |
| WIPRO | 417.50 | 423.90 | 430.40 | 436.80 | 443.30 |
| ZEEL | 171.47 | 180.93 | 189.47 | 198.93 | 207.47 |
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