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Weekly Trend for 16-11-2008 to 22-11-2008

Sumit Bilgaiyan

Research head of www.thebulleyes.com

Email---sumit_bilgaiyan@rediffmail.com

This week trend

VOLATILE TREND CONTINUE IN STOCK MARKET

For coming week again expected some Mixed trend in market For coming week sensex important Support is at 8900 weekly basis sensex resistance is at 9650--9810--9920 above this next important resistance is at 10150 if sensex closes above this level then next target for sensex is at 10400 on weekly basis sensex support is at 9300--9140--9020 below this level next support is at 8900 weekly basis nifty RESISIATNCE is 2880--2940--2995 above this level next resistance is at 3050 on weekly basis nifty support is at 2790--2700--2640 below this level next support is at 2590.
Stock for this week
JINDrill-Buy at current levels with a upper target of 420 it has important support is at 380 below this level next support is at 374 if it break the level of 374 then we see some fall in jindrilltake stoploss of 381

SOMI CONVIE-- Buy at current levels with upper target 16 it has important support at 9 below this level expected some bearish trend take a stoploss of 9.50

 


 


 
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