Nifty Target. Support and Resistance

Nifty is waiting to break out either side today. The Nifty levels of 3370 and 3330 are to be watched on closing basis to decide next movement.

Neither bulls nor bears seems to be ready to give up their current position. Now the question is who win win?

RIL DLF RCOM are trading such levels that anytime major profit booking can take place.

18 Mar 2009 What Experts says

• 3:56 PM - Buy Jet Airways with a target of Rs 176 after which it can go to Rs 210 in 60 days and maintain a stop loss of Rs 140, says Jatindar Sharma, technical analyst, on CNBC Awaaz.
• 3:50 PM - Buy Idea Cellular with a target of Rs 52-56 and stop loss of Rs 42, says Husseini Wadharia of Techno Shares on CNBC Awaaz.
• 2:55 PM - Buy Suzlon with a target of Rs 44-52 and stop loss of Rs 33, says Husseini Wadharia of Techno Shares on CNBC Awaaz.
• 1:37 PM - Buy ICSA India on dips around Rs 53 with a target of Rs 90-142, says E Mathew, technical analyst, on CNBC TV18.
• 12:18 PM - Buy Reliance Communications with long-term view, says Vijay Bhambwani, technical analyst, on CNBC TV18. It can go up to Rs 300-320 in 2-3 years' time, he adds.
• 12:11 PM - Buy Ashok Leyland at current levels with targets of Rs 23 and Rs 27, says Sudhanshu Pandey, technical analyst, on CNBC Awaaz.

16 Mar 2009 What Experts says

3:55 PM - Buy SBI with a target of Rs 1000-1050 for the short term, says Alex Mathew of Geojit Financials, on CNBC Awaaz.

3:45 PM - Buy Mahindra & Mahindra with a target of Rs 400 and stop loss of Rs 340, says Anuj Dixit of Gupta Equities, on CNBC Awaaz

2:56 PM - Sell Reliance Communications on any rally with a target of Rs 185, says Prasad Kushe, technical analyst, on CNBC Awaaz. If market weakens, the stock will be available around Rs 100, he feels.

2:15 PM - Gradually accumulate RIL and Reliance Communications in frontline stocks and in the auto space Mahindra & Mahindra and Maruti Suzuki for the long term (2-3 years) for excellent gains, says MB Singh, technical analyst, on Zee Business.

1:54 PM - HSBC maintains a buy call on RIL with a target of Rs 1640, reports CNBC Awaaz.

1:27 PM - SMC Global maintains a buy call on Tata Motors with a target of Rs 230 and stop loss of Rs 135.50, reports CNBC Awaaz.

12:40 PM - Buy Reliance Capital with target of Rs 355, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 290, he adds.

12:27 PM - Hold Glenmark Pharma with target of Rs 161, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 105, he adds.

Nifty 4460-4360 Range

Tomorrow Nifty may trade between 4460-4360. Either side break out may create good momentum.

Tomorrow RIL may trade between 2310-2240. Either side breakout may create good momentum.

In case DLF breaks down below 474 it may test 424. Its upside break out may be above 516.

In case RPL does not get good support around 160, it may test 145 soon.

In case RNRL, IFCI, RCOM do not trade in positive range tomorrow they may give up 8-15%

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