BHEL IS STRONG TECHNICALLY AND TRADERS COULD GO FOR THE TARGET OF 2540 IN IT.IT HAS GOOD SUPPORT LEVEL AT 2380 THAT WILL BE SL IN IT.
THE FIRST SHINE IN NEW YR 2010 IS SAIL, GOOD ONE FOR LONG SIDE. FIRST TARGET IN IT IS 250 AND IF IT CLOSE ABOVE IT COULD GIVE THE TARGET OF 260 IN SHORT TERM.
BPCL MADE SUPERB COME BACK AFTER SLIGHT PROFIT BOOKING IN IT, COULD GIVE THE TARGET OF 650. MAJOR SUPPORT IN IT AROUND 600.SO TRADERS COULD GO BUYING ON DIPS STRATEGY IN IT UNTIL IT CLOSE BELOW 600.
NALCO MADE STRONG UPSIDE BREAKOUT WITH HUGE VOLUME ACCUMULATION, COULD GIVE SHORT TERM TARGET OF 430 AND THAN 450. IT HAS MAJOR SUPPORT ZONE AROUND 400 TO 405 LEVELS.
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