Nifty Resistance 3240-3250

BSE - 11000

If unable to close these level, first sign of corrective rally fizzle out.

If hold and close above, another round of power full move will take Nifty target 3500 + BSE 12000

OPENING TREND

BULLISH
TREND WILL CONTINUE

OR WE MAY FIND PROFIT BOOKING??

THE ANSEWR IS HERE...... where else?

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Heading towards

3200-3240-3250

EXPERT COMMENTS:

As nifty PCR increased due to significant unwinding in 3000 and 3200 call options. FII's are the net buyers in index futures as well as in stock futures. As significant movement of Open Interest was seen, so I suppose that fresh long position and at the same time fresh short positions are increasing. 3200 call was showing highest movement so we can assume that it may be the strong resistance in future days. We have been the witnessed of significant long positions in Suzlon, BHEL & HDIL thus I suggesting that positional traders can book their profit. You may play with positive bias in Chambal and Tata Steel. Globel trends are also positive so we may take fresh long positions.

NIFTY :    Monthly trend decider 3053, resistance 2854, support 2106 . Higher level major resistance 3237. Weekly trend decider 3023, resistance 3187 3401, support 2809,2646.Down side support 3100, crossover 3161 target 3200 3240-3250 which is supplying area, close eye at that level.

BSE :  Weekly trend decider 10180, resistance 10729 11494, support 9415 8866 As hold 10370 target 11000 mark. Today support 10400, crossover 10570 target 10705 10875.

CNX IT : Hold 2500 bull will charge continue and target 2950. .

BANK NIFTY :
Up move continue. ?

RELIANCE: .
Monthly trend decider 1419.
Weekly tend decider 1292, resistance 1433 1646, support 1080, 940. Today support 1282, higher level it will face resistance 1317, crossover bull will charge and target 1350 1380 in short term.

NEV LIGNITE :      Monthly trend decider Weekly trend decider 62.50, resistance 69, 75, support 57, 50. Keep a stop loss 65 and buy for target 75 mark in short term.

NTPC : Monthly trend decider 146. . Weekly trend decider 149, resistance 157, 163, support 143 135. Above 165 more up side. And target 170 or above.

DLF:   Weekly trend decider 275, resistance 315 319, support 241 202. Today hold 290, it will touch 319 mark immediately

TISCO:   Monthly trend decider 270. , immediate Weekly trend decider 207 resistance 237 285, support 159 128. Hold 204 it will move up to 219. For long position stop loss 180 target 275-280 mark in coming days.  

EDUCOM SOFTWARE: Higher level major resistance 2820-2825, crossover one side move and target 3000 mark immediately.

PRAJ IND. Above 75 target 101 mark.

CAIRIN LTD : Hold 159 target 167, 175 mark in short term.

AD LAB  :   Weekly trend decider 188, resistance 208 234, support 1623 142. Higher level resistance 213, crossover target 226 250.