EXPERTS COMMENTS

We have seen very narrow trading range and profit booking today, which was expected as it was last trading session before expiry. The weak performers were the banking, consumer durable, capital goods, metal and IT. I f we see the option activity then highest call writing and put buying was seen in 3000 option so we can consider it as a strong resistance. While 2900 put was also active so it will be a good support today. We have found fresh short position in Rel capital, Praj ind, GTL Infra and IDFC so we suggest our participants, trade in this stock with negative place

OPENING TREND

Is it true that our market runs according FII'S mood?

`NO'

It runs according economic & financial strength of country & the global environment

Always Remember :

1.   The World did not stop lending, servicing & consuming, it moved on.

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 :

Decisively break 2950, real panic will start.

NIFTY :  Weekly trend decider is 3043. Resistance is 3156 while the major support levels are 2970 2857.. Today's resistance 3014 3059 while downside support is 2942 2915. But if sustain continuously above 2987 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 9801 9917 and support is 9606 9527. If continuously trade above 9722 then opportunity for buying

CNX IT : Today's resistance is 2271 2291 and support is 2243 2223.

BANK NIFTY :Sharp move resulted profit booking and enjoy. Today's resistance 4898 4979 and major support levels for today are 4777 4696.

JP ASSOCIATES: Weekly trend decider 85, resistance 95 100, support 79 69. Today's resistance 82 86, down side support 73 68. Intense selling pressure seen in this counter

GMR INFRA:   
Weekly trend decider 70, resistance 76 80 & support 65 60. Hold 70 no problem for bull and likely test 80 mark.

RCOM:
Weekly trend decider 223, resistance 247 279, support 191 167.
Today's resistance 220 224 and support is 211 206.. On panic catch this stock.  

BALRAMPURCHINI:
Weekly trend decider 44 resistance 47 51, support 40 37. Today's resistance is 48 50 and support levels are 45 44. If breaks 45 then free fall
 

SBI: Weekly trend decider 1267, resistance 1343 1401, support 1209 1133. Today's resistance is 1280 1294 and support is 1250 1234. Below 1250 looks bearish and selling opportunity.  

CHAMBAL FERT:
Weekly trend decider 40 resistance 44 47, support 37 34 Today
It will face resistance 39 41 and support is 37 36. On rise sell...  

IDFC:
Weekly trend decider 68, resistance 74 78, support 64 57. Today's resistance is 61 64 and support is 55 52. very weak counter. On rise sell.