OPENING TREND

BEARISH TREND WILL CONTINUE

OR WE MAY FIND SHORT COVERING??

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

Nifty below 2860 target 2747.

High volatility are a Bad

Sign for the market ?

Sell - Sell - Sell

Maximum Up side

Significant resistance Zone

Nifty 3250-3300

BSE - 10750-11000

Thereafter........

↕ ↔ ↕

Nifty likely test 2700

BSE likely test 9000-8500-7500

in coming days

NIFTY FUTURE

Today resistance 2920, 2984

Down side below 2855 target 2779.

On rise sell only.......

EXPERT COMMENTS:

Historical volatility has been increased up to the 95% as participants witnessed it during the market. Because of this reason only market was indecisive and creates state of confusion among the investors. Traders should avoid long position and book profit and in maintained position given stop loss levels should be strictly followed. Metal index scrips like Tata Steel and Jsw steel are showing continuous rising of the fresh short position. Where other index scrips like Reliance, SBI, ICICI bank, and HDFC bank are maintaining descent growth in short position. Immense call writing was seen in upper level puts like in nifty 3500 put and 3300 put on the same time we can see Nifty put call ratio increased from 1.14 to 1.20 levels. All these clues are suggesting that market will remain highly volatile so positional and day trader should strictly follow and maintain the stop loss levels.

NIFTY :    Weekly trend decider 2693, resistance 3134, 3361, support 2467.
Monthly trend decider 3053, resistance 2854, support 2106 .
Play for short sell stop loss 3237.
Higher level resistance 2980, 3000, down side below 2860, 2833, 2800, 2785.

BSE :  Weekly trend decider 9120, resistance 10539, 11292, support 8366, 6945 .Today it will face resistance 10110, down side below 9635, further weakness and target 9543, 9352 or below.

CNX IT : Hold 2500 bull will charge continue and target 2950. Today resistance 2515, 2550, down side below 2450, more weakness

BANK NIFTY :
Higher level selling opportunity only. Today resistance 5000, down side below 4850, target 4800 and below.

RELIANCE: Weekly trend decider 1230, resistance 1530, 1695, support 1065.
Monthly trend decider 1419. Today resistance 1186, 1200, down side below 1156, target 1100. Short term Target 1000 or below and at that level forgot about the market and accumulate this stock, remember this is a life time opportunity.
Do not underestimate big brother

RELIANCE CAPITAL:   Weekly trend decider 621, resistance 738, 819, support 540, 425. Monthly trend decider 781. Consider support 600, break and trade below further weakness, higher level resistance 651, 673, 692.

HDFC LTD :
Looks hot sell. It will face resistance 1677, 1700, down side below 1636, free fall up to 1600 or below.

BHARTI:    Weekly trend decider 606, resistance 708, 790, support 544, 422.Monthly trend decider 656. On rise hot sell.... Today resistance 648.

  RCOM Weekly trend decider 201 resistance 256, 289, support 169, 114 .
Monthly trend decider 242. Higher level selling continue, below 200, selling pressure will be intensified.   TISCO:   Weekly trend decider 193, resistance 236, 258, support 171, 128. Monthly trend decider 270 Today resistance 193,200, down side below 183, 176, 170 or below.  

BANK OF INDIA:       Weekly trend decider 227, resistance 260, 277, support 210, 177. Monthly trend decider 250 Higher level strong hurdle 270-275 and selling opportunity.

KOTAK BANK LTD : Today resistance 450, down side below 429, target 410, 400.

BANK OF BARODA:. Weekly trend decider 236 resistance 258, 278, support 215, 194. Monthly trend decider 259 On rise selling opportunity 290-295.