NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

If break yesterday low 2937, it will touch 2885, thereafter more weakness.

EXPERT COMMENTS:

Nifty PCR level becomes increased as higher put activity seen then call activity. Highest put buying was seen in 2900 and 2800 put so we guess that these level would be the most strong support of nifty, while highest call writing was seen in 3000 call so we suggest that nifty may face difficulty to cross this levels. FII's are taking more interest in put buying then call writing that is why we have seen increased PCR ratio. FII's were the net seller in index and stock futures. Fresh short position seen in Rcom, Unitech, Suzlon & DLF so we suggest that traders should not take any long position in these stocks.

NIFTY :  On going Rally Major resistance 2835. Weekly trend decider is 2881. Resistance is 2996 while the major support levels are 2807 2692. Major Hurdle3250.(Continue close above this level, first sign of bear market is over) Major support 2750 and decline to buy only. Today's resistance 2992, downside break 2943 and remain below, it will test 2900, 2855 mark .

BSE :  As remain 9300 bull will charge continue. Weekly trend decider is 8924 weekly support is 8508 8051 and resistance is 9381 9798 . Today's resistance 9823, downside below 9682, likely test 9500, 9310. which is major support area, thereafter more panic.

CNX IT : Weekly trend decider 2265 resistance is 2352 2485 while support is 2131. Today's resistance is 2270 2320 and support is 2187 2156. Fresh buying seen.

BANK NIFTY . As remain above 4000, decline to buy only target 5000 mark. Weekly trend decider is 4585 support is 4485 4316 and resistance is 4754 and 4854.Today's resistance 4890 4990 and major support levels for today are 4730 4670.

DOW : Consolidation between 8000 t0 9500.

DLF: Weekly trend decider 256, resistance 308 340, support 225 174. Today resistance is 265 support is 241 230. Consider major resistance 293 and sell.

RNRL: Weekly trend decider 52, resistance 62 70, support 44 34. Today's resistance is 52-54 and support is 44 40. Likely test 35 mark once again. Keepa stop loss 61 for selling.

SATYAM: Weekly trend decider 232, resistance 244 263, support 213 201. Today's resistance is 175 and support is 133, 125 . (double digit mark in coming days)

REL INFRA:  Weekly trend decider 619, resistance 690 735 support 574 503. Today's resistance is 575, down side break 534, non stop target 514, 502.

RELICANCE CAPITAL:     Weekly trend decider 505 weekly resistance levels are 559 594 while support are 470 415. Today's resistance 490, down side break 460, it will touch 441, 421 or below.

NEV LIGNITE: Weekly trend decider 56, resistance 61 64, support 53 49. Today resistance 67, down side likely test 60, thereafter more weakness.

RCOM: Weekly trend decider 236, resistance 267 285, support 218 187. Today's resistance is 213, down side break 199, it will touch 190, then 184 mark.