Nifty

Last and fiinal resistance

2870-2880 range

BSE - 9410

Therafter........?

Intermediate trend will change

FO STRATEGY

The Indian markets ended with higher note just before the last trading session of the month. Strong market was followed by the firm Asian market along with US markets. There is strong news in the market that US senate expanded the economic stimulus package. The most outperformed sector was banking sector, other sectors showing the good movement were the Reality stocks, Metal, PSU, Capital goods, consumer durables and FMCG sector. FII were the net buyer in index options. They were took interest in DLF 260 call and RPL 85 call so we can see the good movement in these stocks. Fresh long position has been formed in Icici bank, L&T, HDFC LTD, GMR Infra and Reliance infra so we suggest the investors they can carry their long position in these stocks.

FII ACTIVITY:

The most active contracts in FII counter are Icici bank 410 call up by 490%, RPL 85 call up by 472%, RPL 80 call up by 317%, and Reliance 1260 call up by 252%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is -333CR, In Index Option it is 517CR, in Stock future it is -51CR & in stock options -21CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 0.74 level. Higher level PCR levels were seen in Chennai petro 13, Canara bank 4.50, Wipro 1.90, BPCL 1.80, and Ambuja 1.71. While lower PCR was seen in HDFC 0.85, Tata motors 0.91, NTPC 0.95, BHEL 0.99 and Ivrcl infra 1. Highest call activity was seen in 2800 and 2700 call while highest put activity was seen in 2700 and 2800 put.

NIFTY FUTURE + BANK NIFTY +CNX IT

Today support 2800

Today Resistance 2880

NIFTY :

WEEKLY:
Weekly trend decider is 2736 resistance is 2810 2943 and support is 2604 2529.

Today support 2827, 2800, higher level it will face resistance 2880 and hold with volume, real move will start and over all buying in the market

BSE:

WEEKLY:
Weekly trend decider is 8905 resistance is 9178 9683 and support is 8400 8126.

Today support 9194, crossover 9270, immediate target 9400, 9415, thereafter more up side,.

CNX IT :

WEEKLY:
Weekly trend decider is 2104 resistance is 2162 2258 and support is 2008 1950.

Hold yesterday low 2090 short term positive.

BANK NIFTY :

WEEKLY:
Weekly trend decider is 4251resistance is 4453 4823 and support is 3881 3679.

Today support 4301,crossover 4355 more up side.

DOW :

Below 8000, non stop target 7450. Higher level resistance 8500, major up move only above that level.

RELIANCECAPITAL:

WEEKLY: Weekly trend decider is 400 resistance is 425 469 and support is 356 332.

Today support 400, crossover 417 and hold likely test 425, 445 immediately.

ONGC:

WEEKLY: Weekly trend decider is 654 resistance is 671 695 and support is 629 612.

Higher level resistance zone 650-654, crossover think buying opportunity and momentum in the market

. SUZLON ENERGY:.

WEEKLY: Weekly trend decider is 50.5 resistance is 53 58 and support is 46 42.

If hold yesterday low 45 short term target 50 mark.

UNITECH:

WEEKLY: Weekly trend decider is 29 resistance is 31 35 and support is 24 22.

Crossover 31.50 non stop target 34-35 which is major and massive resistance of this counter.

HDIL:

WEEKLY: Weekly trend decider is 97 resistance is 106 122 and support is 81 71.

Today support 94, higher level resistance 101-102, thereafter it will show real strength.

RCOM:

WEEKLY: Weekly trend decider is 169 resistance is 179 199 and support is 150 139.

Higher level resistance 167, 172 175, thereafter it will show real strength.

IDBI :

Buying opportunity for aggressively traders.... Keep a stop loss 50 and buy for target 63 short term.