NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Heading towards 3200 +

EXPERT COMMENTS:

Market ended with the nominal gains on Friday as back of buying interest seen in heavy weights. But still it trades under a rangebound phenomenon. Now if we talk about PCR levels then it becomes 0.97 lessen then earlier level, as significant built up was seen in call option then put option. If we follow the call put figures, then we will find that intense call writing was seen in 3200 call, while at the same time 3200 put buying was also witnessed so we guess that it will work as a strong resistance before expiry. While at the same time immense put writing was seen in 2900 put so we guess it becomes a good support level. We have find the fresh long position formed in India bull realestate and Parsavnath so we can trade in these stocks with positive bias. FII's are covering their short position and making long position, they are taking interest in DLF call of 350 strike price and Unitech call of 50 strike price, so we guess to see these levels in coming days . But be `cautious' already over traded stocks we may see profit booking before coming to these levels. Decreasing trend in crude oil will bring selling pressure in oil exploration companies like ONGC and Cairn so decide your strategy.  

NIFTY :  Weekly trend decider is 3043. Resistance is 3156 while the major support levels are 2970 2857. Today's resistance 3110 and 3140 while downside support is 3040 3003. But if sustain continously above 3073 then can decide positive strategy.

BSE :  As remain 9300 bull will charge continue.
Weekly trend decider is 9974 weekly support is 9759 and resistance is 10315 10529 Today's resistance is 10188 and support is 9987 below likely weakness on the card. If continuously trade above 10200 then opportunity for buying.

CNX IT : Today's resistance is 2357 2386 and support is 2315 2286.

BANK NIFTY Today's resistance 5224 5304 and major support levels for today are 5067 4990. Just remember what we told earlier that you can "accumulate or hold the position". So, Have you seen the movement of this index on Friday??
But now this counter may show little profit booking. If continously trade over 5147 then only buy.

RELIANCE:
Weekly trend decider is 1342 resistance is 1413 1477 and support is 1278 1208. Higher level resistance 1378 1405, down side support 1323. If breaks 1322 then panic.
Cross and close above 1410 non stop target 1500 mark. On reversal selling opportunity.

RELICANCE CAPITAL: Weekly trend decider 530 weekly resistance levels are 597 635 while support are 492 425. Today's resistance are 592 626 and support 534 Watch it because closed around day's high.

ONGC: Weekly trend decider is 700 major support levels are 658 609 while resistance is 750 791. Today's resistance is 729 747 and support is 694 678. Above 740 close watch this stock. Close above 740 ultimate target 800, if unable to cross likely test 615.

POWER GRID:
Today above 82, likely non stop target 90 marks. Keep a stop loss 76 and buy.

DLF:
Weekly trend decider 286, resistance 334 362, support 258 211. Today resistance is 323 240 support is 298 283.
Just remember what we told you on friday "Crossover 293 non stop target 300-310" and what happened???????? Will it touch 350 mark. Check it what happened.

GMR INFRA:   
Weekly trend decider 70, resistance 76 80 & support 65 60. Today's resistance 74 76, down side support 68 66. Above 71 target 80 marks. Buy opening bell and enjoy the bull trend.

LANCO:
Weekly trend decider 157, resistance 176 190, support 144 125. Today resistance is 170 178 and support is 153 144.
"Fresh buying seen in this counter so close eye in this stock It
was our comment on Friday. Now again one can think for short term buying.

RCOM:
Weekly trend decider 223, resistance 247 279, support 191 167.
Today's resistance 222 228 and support is 208 199. If continuously trade above 214 then good opportunity for buying.

AXIS BANK: Weekly trend decider 528 resistance 578 612, support 495 445, Today's resistance 562 and support is 531 515. Remember what we told earlier `good opportunity' you can buy again we are suggesting buy at lower level. As remain 500 no problem in this counter.

INFOSYS:
Weekly trend decider 1160, resistance 1231 1270, support 1150 1050. Today's resistance is 1211 1230 and support is 1180 1160. remember closed around days high. Higher level resistance 1240-1299.