News Letter dated 22nd March 2006

News Letter—Dated 22nd March 2006

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NIFTY: Previous Close 3262.30 (3.35) Resistance - 3280,3299,3320 Support - 3250,3230,3210
SENSEX: Prev Close 10905.20 (35.90) Resistance- 10950, 10980, 11000 Support -10850, 10800, 10760
Sensex Range for This Week: 10700-11200 above which it will touch 11400, 11800
Profit booking not ruled out at higher levels. Trader be cautious and book profits at rise.


SCRIPT CLOSE RESISTANCE SUPPORT TREND
DAY TRADING:
SBI 970.45 975 955 Short Term Tgt 1000+
ONGC 1224.55 1230 1200 ShortTerm 1250+
RELIANCE 780.45 787 765 Accumulate Short Term 800+
TATA STEEL 468.20 475 457 Bullish after cross of 480
ACC 755.90 771 750 Bearish, Bullish after 772
VSNL 412.75 420 410 Sideways rangebound
SATYAM COMP 807.45 815 800 Tgt 830 Intraday
CIPLA 603 606 595 Bullish Tgt 610 Intraday
Infosys 2959.75 2975 2930 Tgt 3000+ Intraday
Future-Patni (April) 496 500 490 Bullish Sput of Rs 20+

Short/Long Term Investment
MTNL 171.05 175 155 Short Term Tgt 180-200
India Infoline 167.25 170 150 Short term Tgt 200+
Petronet LNG 55.30 57.5 53 Short term Tgt 70
3Iinfotech 183.25 187 170 Short term Tgt 200+
SAIL 70.35 71 68 Short Term Bullish Tgt 75+

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