DalallStreet - 20.02.2008

The Sensex could enter the gap 18,509 18,274 and fill it partially and if the Sensex closes above the 18,509 level it will negate the island reversal

A failure to close above the 18500 mark, puts us back under pressure.

Focus

SEBI proposal to pare FV to Rs 1/ Bajaj Auto demerged/

Ranbaxy spin off - 1 share in R&D for 4 /

Shoppers stop denials /

Onmobile's stellar start/

Tata- Sky/

Watch just two levels from here on - Long term positional traders watch 5070 /Short term watch 5330 spot Nifty.

5330 is a big fight zone since it signals a negation of the island reversal .

Ks Oils. Bullish breakout in EST charts-Indicators favor rise to 99-100.

Rcom Short term support at 595-Close below 595 may wipe off Rs.30/- in near future.

Polaris Strong resistance at 92.5-93/Bullish crossover with volumes to target 110+ in near future.

Reliance Bearish "Double Top" in intra day charts-Decisive move below 2530 may wipe off Rs.60-70/- in coming days.

Infosys - Locked in a triangle pattern-Close above 1575 may target 1675-1700 in near future.

Regards,
Dalallstreet

Most World Markets in Red.

Oil @ 99.40.

Nifty as mentioned yesterday likely to recover after losing 100 points. Support 5200 / 5150. Resistance 5360.

IFCI/ ICICI/ Voltas / NTPC / Rcom/ IDBI / Indus Ind Bank / Hind Oil / Oswal Chem / RPL / Essar Oil, favour decline initially.

Select IT / Export oriented Stocks to bounce after initial weakness.

RPL - Bearish pattern in making-Close below 164 may target 156-157 in near future

Regards,
Dalallstreet

What about yesterdays calls.....

What was the result?

Can u not continue in one thread instead of starting 20 threads per month, one for each day?

We mentioned yesterday that Nifty would fall 100 points. From yesterdays alert, nifty is down 70 points.

We expect markets to end in positive. Do not short at lower levels. Cover your shorts gradually. Sugar stocks to witness action.

ACC buy around 788 small lots for 820 in 4 days

NF to bounce back to 5205 from 5165 levels.

A close below 5200 on Nifty can have serious repurcussions going forward.