Technical Stategy for 16th March 09

Happy Morning. Dow +53.92 , Nasdaq +5.40 , Asia mixed to up, US $51.41, Crude 44.60 , Gold 926 , Sgx Nifty +9.5 , Nifty Daily Pivot 2687 , R1 2758, S1 2648

F. Nifty levels:-
Pivot Point: 2696 ; Resistance: 2742 ; Support:2670

Stocks to Watch: NDTV , SINTEX IND. , GUJ.ST.FERT

Previous days High Crossed: ABAN OFFSHORE, CAIRN IND , BNK OF INDIA , GMR INFRASTR , GRASIM IND. , HOUSING DEV , IVRCL INFRAS , NEYVELI LIGN , LARSEN & TOU

Previous days Low Crossed: LUPIN LTD. , TECH MAH , ASTRA MICRO

Positional view of Trend changing stocks
Stocks to Buy at Lower levels.
AXIS BANK @ 323.00 , Sl 310.00 ,Cmp330.55
DLF LIMITED @ 147.55 , Sl 139.00 ,Cmp 152.55
ICICI BANK @ 302.00 , Sl 289.00 ,Cmp308.70
IND INFOLINE @ 43.00 , Sl 41.00 , Cmp 44.70

Stocks to Short at Higher levels.
PFIZER LTD. @ 516.00 , Sl 532.25 ,Cmp505.15
ICI INDIA @ 418.00 , Sl 422.00 ,Cmp 416.05