`Nifty face resistance

2875 thereafter target 3000

Trading Range Nifty

2600-3000

Bear Market Continue

Any rally try to book profit

Concentrate

Sugar Sector -

Follow Leaders only

EXPERTS COMMENTS

A descent close of Indian market was lead by globel cues. Our markets made sharp turn from yesterday losses and opened higher on the back of positive global market, though high volatility was witnessed but at the same time good opportunity of buying also seen. Smart turn around were seen in Reality, Oil & gas power, metal and PSU banks. FII were the net seller in index future, stock future but on other hand they were the net buyer in index option and stock option. NTPC call of 170 and 180 was so active and because of this we have been witnessed a good movement of the stock. We have found a fresh long position in Suzlon, Neyling, Reliance infra and reliance capital so we suggest our participant's trade in these stocks with positive bias.

FII ACTIVITY

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The most active contracts in FII counter are Balrampr chini 60 put up by 400%, NTPC 180 call up by 223%, NTPC 170 call up by 212%, and Icici Bank 470 call up by 148%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is -303.20CR, In Index Option it is -450CR, in Stock future it is 207CR & in stock options 25CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 0.92 level. Higher level PCR levels were seen in Ivrcl infra 3.25, Wipro 2.57, Niit tech 2, BPCL 2, and Gujarat alkali 1.50. While lower PCR was seen in NTPC 0.80, LT 0.81, BHEL 0.98, ONGC 1and BHEL 0.98. Highest call activity was seen in 2800 and 3000 call while highest put activity was seen in 2700 and 2800 put.

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 :

Likely face resistance at

Higher level.....

 Nifty Future Weekly Analysis

Bull and Bear fight continue on the play ground of Nifty Future and almost covered entire losses of early trade and closed with a smart gain. The sharp recovery on Friday due to short covering and some how fresh built up in long position narrow down the gap between the Nifty Future and spot price. However, such type of rally was not accompanied with very high volume. Option data also indicate side movement in coming days. Consider Nifty future strong support range 2750-2700 and higher level resistance 2950. Any positive news/action like price cut in fuel, RBI Monterey Policy would give a boost to the market.

NIFTY :

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

Weekly: Trend decider is 2942, resistance is 3074 3278 and support is 2738 2606.

Hold strong resistance 2875. Today crossover 2835, immediate target 2857, 2875, thereafter .......down side support 2800, 2781, 2760.

BSE:

Weekly:
Weekly trend decider 9227, higher level resistance 9508 9663, down side support 9042 8761.

Today resistance 9400-9500 range, down side support 9260, below likely test 9125.

CNX IT :

Monthly: Trend decider is 2494 and resistance is 2916 and 3641 and support is 1796 and 1347.

Weekly:
Weekly trend decider 2180, higher level resistance 2313 2435, down side support 2057 1924.

Today resistance 2200, above it can move up to 2250 or above,

BANK NIFTY :

Monthly: Trend decider is 4945 and resistance is 6091 and 7183 and support is 3854 and 2707.

Weekly:
Weekly trend decider 4633, higher level resistance 4823 5065, down side support 4391 4201.

Small trading range wait and watch....concentrate on large cap stocks .

DOW :

Closed below 9000, which is a bearish sign, close below 8000 further weakness and likely test 7500 mark immediately.

RELIANCE:

Monthly: Monthly trend decider is 1224 resistance is 1415 1597 and support is 1042 and 851.

Weekly: Trend decider is 1171, resistance is 1277 1337 and support is 1111 1005.

Today resistance 1240-1251, down side support 1196, 1171.

RELIANCECAPITAL:

Monthly: Trend decider is 514 resistance is 620 703 and support is 431 325.

Weekly:
Trend decider is 437, resistance is 482 535 and support is 384 339.

Hold 400 short term positive... Today watch resistance zone 437-440, if cross and sustained above, it will move like rocket.

NEV LIGNITE:

Monthly: Monthly trend decider is 62, resistance is 78 91 and support is 50 34.

Weekly: Trend decider is 72.4, resistance is 80 83 and support is 68 62.

Decline to buy only...... above 77 more up side and target 80 +,

NTPC:

Monthly: Trend decider is 175, resistance is 198 and 215 while support is 158 134.

Weekly: Trend decider is 175, resistance is 185 191 and support is 170 160.

Consider resistance 180-185. Hold 165 and strong up move were seen in this counter. Close above 185 trend the change and test 200 mark, if reversal play for short side only.

: TRIVENI EMGG :

Higher level resistance 53-55, lower level support 43.

TISCO:

Monthly: Trend decider is 200 resistance is 253 291 while support is 163 109.

Weekly:
Trend decider is 204, resistance is 217 229 and support is 191 178.

Consider support 190 and resistance 215... break out this trading range, sharp movement in either side hold 190 likely test 250-260 mark once again.

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INFOSYS:

Monthly: Trend decider is 1160, resistance is 1255 1393 and support is 1021 926.

Weekly:
Trend decider is 1233, resistance is 1348 1428 and support is 1153 1038.

Major resistance 1300-1310 range, if unable to close above this level likely test 1100 once again.

IDFC:

Monthly: Trend decider is 63, resistance is 76 85 and support is 53 40.

Weekly:
Trend decider is 56.6, resistance is 64.6 69.7 and support is 51.5 43.4.

Buy this stock on every decline as remain 48 mark. Higher level major resistance 62-65 range.