NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Today support 2903, 2860, hold target 3000 mark.

EXPERT COMMENTS:

Market ended with the handsome gains on the second consecutive day. This positiv bias was boosted by news of implementation of stimulus package. The most profit taker sectors of this stimulus package are Realty, Infrastructure and Oil & Gas sectors, That is why we have found these sectors have outperformed today. The Nifty PCR level become decreased today as significant built up was seen in 2900 and 3000 calls. Today we have witnessed that FII's were the net buyers in stock and index options. As we have mention earlier that FII's are showing interest in Tata Steel call of 220 strike price this level is more or less witnessed in today's market. Now at this level Reliance call of 1290 and 1320 strike price are showing the activity if we concern with the FII's interest so we guess that Reliance may touch these levels in coming days.
In yesterday market we have find fresh long positions in IBReal, Reliance Infra, Tata Communication, & JP Associate so we suggest the participants may buy or hold these stocks with positive bias because As Nifty closed decisively above 2900.

NIFTY :  On going Rally Major resistance 2835. Weekly trend decider is 2706. Resistance is 2848 2985 while the major support levels are 2579 2444.Today's resistance 2983 and 3039 while downside levels are 2828 2729. Hold 2750 bull move continue and short term target 3000-325

BSE :  As remain 8300 bull will charge continue. Weekly trend decider is 8924 weekly support is 8508 8051 and resistance is 9381 9798. Today's resistance is 9794 9935 and support is 9396 9139. Close above 10000, non stop target 10945.

CNX IT : Weekly trend decider 2360 resistance is 2459 2642 while support is 2177 2079 Today's resistance is 2415 2440 and support is 2352 2314.

BANK NIFTY . Weekly trend decider is 4296 support is 3980 3603 and resistance is 4673 and 4988. Higher level major resistance 4600, unable to close above these level, selling opportunity

WORLD MARKET

DOW :
Consider support 8000, hold positive, close above 9000, more up side.

NASDAQ : Hold 1300 positive and corrective rally continue.

S&P 500 :
Hold 800, up move continue.

RELIANCE: Higher level major resistance 1250.
Higher level resistance 1261 1296, down side support 1164. Weekly trend decider is 1108 resistance is 1191 1265 and resistance are 1034 951. Looks hot and buy.

IBREALEST: Weekly trend decider 102, resistance 101 114, support 72 56. Today resistance is 122 128 and support is 107 99. Lakshman rekha 124-125, thereafter short term target 165 mark. For long stop loss 100 on closing basis.

HDIL:  Weekly trend decider 85, resistance 101 114, support 72 56. Today's resistance is 106 112, support is 93 85. Volume chart indicate something cooking in this counter. Last and final hurdle exit 113, 123 thereafter...

  PUNJ LLOYD: Weekly trend decider 140, resistance 153 157, support 136 123. . Above 160, it will show real power.   RELICANCE CAPITAL:     Weekly trend decider 442 weekly resistance levels are 477 509 whle support are 410 375.. If hold 475 OR above then trade with positive bias. Last and final hurdle exit 490-500, thereafter one side move  

BHEL:
Weekly trend decider is 1317 resistance is 1420 1500 and support is 1230. Hold 1300, it will touch 1640 in coming days.

GMR INFRA:   
Weekly trend decider 57.60 , resistance 64 70 & support 52 45. Real strength show only above 64-65 if crossover with volume   RCOM Monthly trend decider 242. Weekly trend decider 196, resistance 209 221, support 184 172. Massive resistance zone 240-250, thereafter.....

ICICI BANK:    Weekly trend decider 352, resistance 397 435, support 314 270. Today's resistance is 411 422 and support is 381 363. Keep a stop loss 350 for long.... Above 410 one side move.

TISCO:  
Weekly trend decider 174 resistance 202 221, support 155 127. Above 205 ultimate target 250 mark