DATED : 1st JAN 2009  

Thursday, January 1, 2009

GOOD MORNING TO ALL VIEWERS

Happy New Year

EXPERTS COMMENTS

 
 

Profit booking from the upper level have been witnessed in today's market. FII'S were the net seller in stock future while they have made some long position in index future and index option. We have seen some significant build up in TTML 23 call, Bajaj hind 80 call and HDFC 1440, put so we assume to see these levels in coming days. Nifty PCR ratio is coming down because of `in the money' call option was so active today. We have been witnessed the good movement in fertiliser shares and suger sector today, because of the new agriculture policy announced by the government in favour of farmers. Some fresh long position have been witnessed in Bajaj Hind, Nagarjun fert, Noida toll and Unitech .

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Hold 3000, over all buying.....below 2900 consider wekaness

 
 

NIFTY :   Weekly trend decider is 2952. Resistance is 3048 while the major support levels are 2771 2675. Today's resistance 3005 3045 while downside support is 2931 2897. Below 2930 likely selling . Consider major support 2800-2850 remain above do not think any weakness in the market and any dip buying opportunity.

BSE :  . As remain 9300 bull will charge continue. Weekly trend decider is 9599 weekly support is 9024 and resistance is 9904 10479 Today's resistance is 9687 9785 and support is 9548 9450. . Real strength show only above 10000, if continue close . Hold 9000, bull favour continue.

CNX IT : .Today's resistance is 2223 2249 and support is 2180 2154.

BANK NIFTY :
Today's resistance 5031 5092 and major support levels for today are 4933 4872.

 
 

RELIANCE:
Weekly trend decider is 1224 resistance is 1243 1270 and support is 1190 1171. Higher level resistance 1260 1288, down side support 1210 1188.
Higher level selling opportunity.

 
 

ONGC: Weekly trend decider is 674 major support levels are 606 569 while resistance is 711 778. Today's resistance is 678 690 and support is 656 645. Multiple resistance zone 690-700. crossover it will show real strength, today hold 650 buy.

DLF:
Weekly trend decider 291, resistance 310 344, support 257 239. Today resistance is 290 299 support is 275 269. Watch the support 270, hold up move continue. For long stop loss 250.

GMR INFRA:   
Weekly trend decider 70, resistance 73 78 & support 65 61. Today's resistance 78 80, down side support 74 72. Advised to book profit at 80 level, if reversal you can play also short sell.
 

JP ASSOCIATES: Weekly trend decider 80, resistance 87 100, support 66 60. Today's resistance 85 86, down side support 80 78 . Major supply range 95-100 and its not easy task to bear will cross this hurdle.  

BAJAJ HINDUSTAN : Our all paid clients are long above 50.
Today watch 77 level.
 

BALRAMPUR CHINI : Keep a stop loss 45 and play for long side.  

NOIDA TOLL BRIDGE : Major support base 20, as remain, why you are not buying.....

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