Trading Range of Nifty 2650-2800

Consider Support

Nifty - 2690 - BSE 8890

Hold over all positive

bias in the market.

EXPERTS COMMENTS

After the traumatic attack on the financial capital of India and the expiry settlement date it was known to the investors that market session will be so volatile but against all expectations the session was so stable though during last trading session it was little volatile due to the reports of fresh firing in various places of mumbai. Nifty PCR ratio has been decreased from 0.84 level to 0.81 levels as higher call activity was seen in nifty 2700 call. FII has taken fresh long position in IT, Banking and Auto sector how ever in metal, Reality, and in Oil & Gas stocks have contributed the negative sentiments to the market. There were two support of the market today first is positive inflation and second is better then expected economic growth data, These two supports were able to make market stable and close in the positive bias AND expected continue in some more session in coming days.

OPENING TREND

BEARISH TREND WILL CONTINUE

OR WE MAY FIND SHORT COVERING??

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

: Always Remember :

1. The World did not stop lending, servicing & consuming, it moved on. So what next ?

2. Turmoil in stock market excellent buying opportunity for long term investors. (Expected return 100 to 300-500 percent in 12 to 36 months)

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Hold 2700 over all positive in the market

Crossover 2800 - strong up move .

NIFTY :   On going Rally Major resistance 2835.
Weekly trend decider 2725, resistance 2816 2877, support 2664 2573. Today support 2700, below short term weakness, higher level resistance 2780-2800, thereafter buying force will be emerged.

BSE :  As remain 8300 bull will charge continue. Weekly trend decider 8953, resistance 9257 9487, support 8723 8419.Close watch 9200, successfully crossover, looks fantastic up move. Today support 9000, 8935, resistance 9205.

CNX IT : Hold 2300 over all positive bias in the market and decline to best buy.

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

DOW :
Corrective rally continue and likely test 8800-9000 mark, thereafter it will slide again.

RELIANCE: .
Higher level major resistance 1250.
Weekly trend decider 1125, resistance 1198 1262, support 1061, 986. Trading range 1000 to 1250. today crossover 1146, one side move. Any decline to buying opportunity.

RELICANCE CAPITAL:     Weekly trend decider 454, resistance 487 525, support 416 383. Down side strong support 390-400 and decline to best buy. Close above 460 one side move.

REL INFRA :   Weekly trend decider 504, resistance 535 566, support 473 442. Consider support 480 and buying opportunity, crossover 522, one side move 10% move can not be ruled out.

UNITECH:   
Our target 20-15 in coming days.Weekly trend decider 26, resistance 30 36, support 19 15.50Today resistance 24-26.

HCC : Below 35 it will show more panic. Weekly trend decider 36, resistance 40 45, support 31 28. Over sold counter, around 30 buying opportunity and hold.

BHARTI : Weekly trend decider 650, resistance 700 729, support 619 568. On decline to buy with consider support 640-630, higher level last and final hurdle exit 675, thereafter one side move.

SBI:     
Weekly trend decider 1118, resistance 1193 1297, support 1014 940. On decline to buy with consider support 1000-1020 mark, crossover 1120-1130, and show strength, buy any quantity and sell on next day.

TCS:     Weekly trend decider 532, resistance 567 575, support 524 489. As remain 500 bull charge continue...

AXIS BANK If maintain 420 with volume, see power of chart and buy. Weekly trend decider 394 resistance 434 461, support 367 326.