BUY OIL
Monday, October 12, 2009
MAHARASHTRA SEAMLESS
Support at 314 and 310. Resistance at 327, above it can test 331 and 339. (Buy at declines)
RELIANCE
Support at 2072 and 2068. (Buy at declines) Resistance at 2118, if moves up with volumes, it can test 2135, 2168 and more.
BHEL
Support at 2412 and 2398, if moves down, we may see 2372, 2365 and 2332. Resistance at 2438 and 2452. (Sell at higher)
ULTRATECH
Support at 862 and 853. (Buy at declines) Resistance at 871, above it can test 878, 885 and 910.
OIL INDIA
Support at 1178 and 1162. Resistance at 1205, above it can test 1218 and 1248. (Buy at declines)
NIFTY
Nifty has resistance at 4965, 4990, 4999 and 5008. Support at 4934, 4920, 4904 and 4894. If falls below, free fall is expected.
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