EXPERTS COMMENTS

Domestic market has ended with hand some gains, though foreign market clues were mixed. Nifty PCR level become decreased from 0.85 level to 0.84 levels due to immense call activity was seen in trading session. Most active calls were 2700 and 2800 call while most active puts were 2700 and 2600. So we can say that the 2700 level will be the deciding level in future, as it was the most active option. Most active call was 2800 so we can guess this level as a time being resistance. Rollover till date of Nifty and Mininifty is 39% while in stocks significant rollover seen in LT, Hind lever, BHEL, Reliance capital and HDFC Bank. Though the rollover rate is low if we compare this to the previous month. FII has taken a long position in Futures while covered some of their short position in stock future. Fresh long position has made in ICICI Bank, NTPC, Reliance infra and Gtl Infra, so
we
can advised to our visitor that they can buy, accumulate or hold the position in these stocks with given stop loss.

NIFTY :   Higher level major resistance 3160. Weekly support 2683, resistance 2870 3037, down side support 2516 2329. Down side strong support 2700, crossover 2785, non stop target 2800 2850.

BSE :  As remain 8300 bull will charge continue. Today resistance 9200, crossover, likely sharp up move can not be ruled out.

CNX IT : Weekly trend decider 2313 resistance 2466 2612, down side support 2168 2015.
Today support 2300, today resistance 2400.

BANK NIFTY Oversold counter.. but cautious at higher level. Over sold counter. Hold 4000.

DOW :
Consider Down Major support 8000, described as negative, indicating further weakness to the down side and we are looking down ward up to 6600-6700. (If hold 8000, corrective rally likely but our lower level target intact and remember more and more pain USA in 2009)

RELICANCE CAPITAL:     Weekly trend decider 483, resistance 562, 681, support 364. Today support 450, 439, higher level it will face resistance 471, thereafter do not remain short

REL INFRA :    
Weekly trend decider 476, resistance 537 584, support 429, 368. Decline to best buy.....Today support 504, 500, higher level resistance 540, thereafter more up side

NTPC :
Weekly trend decider 145, resistance 160 168, support 137 123. Above 160 looks very bullish and target 176 or above.

INVRCL INFRA : Decisive crossover 140, it will show real strength

RCOM Monthly trend decider 242. Weekly trend decider 201 resistance 224 245, support 180. 157. Higher level resistance 210-214, if reversal selling opportunity.  

SBI:     . Weekly trend decider 1137, 1252 resistance 1304, support 1085 969. Today support 1080, crossover 1120 and sustained with volume it will show real strength

TCS:   Weekly trend decider 500, resistance 541, 577, support 464, 423. Higher level two major resistances 539-550, if cross and sustained above think positive only.