Nifty Cross and Close -3150

Next target 3240-3250.

But please do not over excited

Nifty Above 2810

BSE Above 9162

Bull favour - Target .......?

EXPERTS COMMENTS

The Indian market was showing a mixed market trend following the mixed european market. Matal, Banking and Auto sector were responsible to move market upward. FII were the net buyers in all the segment of the market, They were taking interest in JP Associate 100 call, Ambuja cement 75 call and ACC 500 call so we guess to see these levels in coming days. If we see the nifty PCR levels Then highest active call was 3100 and put was 3000. Fresh long position seen in Nagarjuna const., JP Hydro, and Grasim so we suggest investors they can carry their long position in these stocks. Further fresh selling seen in Reliance infra, DLF, and Bharti airtel so we avoid the buying in these stocks.

Nifty Analysis.

Nifty showing continue remain strong and significant gains of last week. For smart traders buying should be done on intra day dip and panic situation, however higher level it will face strong resistance 3150. Decisively cross and close above next target 3250 which is major pivotal point of current bear market and need to watch cautiously. On the other hand for smart/swing traders, nifty break 2975-2950 exit your long position and get out the market. Over all the trend is up so there is no selling in the market, sell should be consider after breaking a major support level, till then decline to buying opportunity only. Play with trend.

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Close above 3150 - Target 3250.

NIFTY :

Monthly: Trend decider is 2881 and resistance is 3187 and 3416 and support is 2653 and 2347.

Weekly: Trend decider is 2987, resistance is 3158 3262 and support is 2883 2713.

Yesterday unable to cross 3150 and closed lower level. However over all hold 3040-3000 bull move continue. Today support 3060-3050, higher level it will face resistance 3155

BSE :

Weekly:
Weekly trend decider 9730, higher level resistance 10298, 10638, down side support 9390 8823.

Consider support 9162 and play for long target 11564, thereafter more up side.

Today Above 10188 it will show more power and likely test target 10945. Today crossover 10450, it will show real strength.

CNX IT : Higher level resistance 2400-2500 and advised to profit booking at that level.

BANK NIFTY :
Looks good as remain 5000 positive bias in the market.

DOW : Above 9000 over all positive and target 9500-9600, close below 8000, panic in the USA market and expected very bad news.

UNITECH:

Monthly: Monthly trend decider is 37.5, resistance is 53 64 while support is 25 10.

Weekly: Trend decider is 43, resistance is 52 57 and support is 37 28.

Trading range 40 to 50 range.... Break and crossover in one side move.

JP ASSOCIATES:

Monthly: Monthly trend decider is 76 resistance is 100 116 and support is 60 36.

Weekly: Trend decider is 83, resistance is 94 101 and support is 76 65.

Higher level laxman rekha 95 to 100 range and its not easy task to bear will permit. See what happened yesterday. More close above 100 in three days, likely test 125 in short term  

PUNJ LLOYD:Monthly: Trend decider is 149, resistance is 171 195 and support is 125 104.Weekly:
Trend decider is 152, resistance is 168 179 and support is 142 125.Buy this stock on every decline as remain 150.. likely test 215 in coming days. (watch volume.)  

BHARTI:Monthly:
Trend decider is 701, resistance is 771 827 and support is 645 575.Weekly:
Trend decider is 701, resistance is 720 738 and support is 669 632.Broken support level... Below 650 more weakness.  

REL INFRA:

Monthly: Monthly trend decider is 568, resistance is 687 793 and support is 462 344.

Weekly: Trend decider is 569, resistance is 673 716 and support is 553 475.

Real move only above 690-695 range . Today support resistance 650, 661, down side below 630 selling opportunity, however lower level try to catch this stock.  

SATYAM:

Monthly: Trend decider is 180, resistance is 246 317 and support is 109 43.

Weekly:
Trend decider is 164, resistance is 199 221 and support is 142 107.

Sell on rise.
Major reisstance 200-215 and major resistance 250. consider support 115 (recently low) below now target Today above 181 and sustained with volume, fantastic up move.

INDIA CEMENT :Likely test 136.

JP HYDRO :Keep a stop loss 30 and buy for target 40 mark