IVRCL Infra.

(Bse Ticker - 530773)

BUY FOR TARGET RS.129/- - RS.134/- WITH STOP LOSS OF RS.121/-.

EXPERTS COMMENTS

Nifty PCR level becomes decreased from 1.04 level to the 1.02 levels due to the significant build up was seen in 2600 and 2700 call. FII have formed fresh long position in stock future, Index future and in index options. We can easily observe that 2500 put option was active enough to consider a support of Nifty so traders who have short position can cover those positions around 2500 levels. In stock options highest active option was Reliance 1070 option as both call and put were active of same strike price. Thus we can consider that 1070 level becomes the important level of Reliance. We observed fresh long position seen in Axis Bank, Bank of India, Unitech Everonn, & NTPC so we are suggesting the participants to buy hold and accumulate those stocks. FII's has raised fresh short position in M&M and reliance capital so we can suggest the investor if they are having any long positions in these stocks then they can book profit.

OPENING TREND

Confusing market, financial instability, Political crisis, what should I do for gains??

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Consider support 2600, 2528

Higher level resistance 2690-2755.

NIFTY :   On going Rally Major resistance 2835.
Weekly trend decider 2725, resistance 2816 2877, support 2664 2573. Today resistance 2697 2736, down side strong support 2595 2531, hold bounce back, close below this level real panic will start in this counter.

BSE :  As remain 8300 bull will charge continue. Weekly trend decider 8953, resistance 9257 9487, support 8723 8419. Today support 8542 8345, break and trade below likely target 8027, then 7709, higher level resistance 8921. Close above 9200 10000 point rally.

CNX IT : If break 2300 further weakness expected.

BANK NIFTY Decline to buy only.

DOW :
Watch the level 8000, two close below another round of panic expected.

NTPC :
Weekly trend decider 158, resistance 168 176, support 149 140. Today resistance 163 167, down side below 153, non stop target 150. If trade above 160 then buying opportunity.

UNITECH:   
Weekly trend decider 26, resistance 30 36, support 19 15.50. Further weakness only below 21, Hold these level ultimate target 30.

PUNJ LLOYD : Weekly trend decider 141, resistance 152 167, support 126 114. Higher level major resistance 137 140, remain below selling opportunity.

SBI:     
Weekly trend decider 1118, resistance 1193 1297, support 1014 940. On decline to buy with consider support 1000-1020 mark, crossover 1120-1130, it will show real strength and target 1200 mark in short term. (on panic please do not blindly sell this stock otherwise you will be trapped ) .

BANK OF INDIA:       Weekly trend decider 243, resistance 263 275, support 231 211. Higher level major resistance 252 267, below 238 further weakness. This will be a pick of the day. One can trade with positive trend  

AXIS BANK Weekly trend decider 394 resistance 434 461, support 367 326, Today's resistance 450 and support is 420 405.

SUZLON ENERGY:
 
Weekly trend decider 43.50, resistance 49 56, support 36 32. Oversold counter.....