Bullish Break out....

Above 2875 square ur short position

Stop loss for long 2775.

Target 3000-3100

Nifty hold 2600 please do not play for short sell, panic/decline to buy only.

Braking News.....

In Interim Budget on 16^th Feb.

Govt. like announce

1. Security Transaction Tax - Will be out of the Market for the boost of Capital market.

2. Dividend Distribution Tax likely abolished.

3. Short Term Capital Tax likely reduced from 15% to 10% or 5%.

NIFTY FUTURE + BANK NIFTY +CNX IT

Decline to buy only.....

As remain 2700 mark....

please do not panic and avoid watching TV Channels,

NIFTY :

NIFTY:
Today crossover 2855 sharp move and likely test 2880-2900, hold these level immediate target 2950 which is a stiff resistance.

WEEKLY: Trend Decider 2817, resistance 2882 2917, down side support 2782, 2717.

BSE:

BSE:  Keep a stop loss 8950 and remain long over all in the market. Today resistance zone 9400-9450, hold these level, it will show real strength.

WEEKLY: Weekly trend decider is 9227, resistance 9437 9573, down side support 9091, 8881

CNX IT

CNX IT:
Higher level it will face resistance 2206-2225.

WEEKLY: Trend decider 2174, resistance 2235 2282, down side support 2127 2065.

BANK NIFTY :

BANK NIFTY:
Today resistance 4350, crossover short term movement and target 400 4450-4500, thereafter selling pressure emerged in this counter .

WEEKLY: Trend decider 4307, resistance 4423 4521 down side support 4209 4093. Consider major support 4111, as hold up move continue.

DOW :

Strong resistance 8000-8500 for smooth bull move, needs to surpass this level must.

RELIANCE:

Today support 1330, 1300, higher level resistance 1364 and 1400-1410 stiff resistance zone and heavy supply can not be ruled at this level. Close above, likely non stop target 1500 mark.

WEEKLY: Trend decider 1323, resistance 1375, 1404, down side support 1293 1241.

ONGC:

WEEKLY: Trend Decider 668, resistance 707 726, down side support 649 610.

Higher level stiff resistance 660-670 range, and yesterday closed above that level, time being promising and likely test 700 mark easily.

NEV LIGNITE:

Looks good and decline to buy above 84 likely test 92 mark immediately.

WEEKLY: Trend decider 81, resistance 87 90, down side support 75 73

REL INFRA:

WEEKLY: Trend decider 541, resistance 575 611, down side support 505, 471.

On going days. Major support range 500-510, decisively break with volume and close below that level, first sign of weakness, otherwise rally may continue. Higher level resistance 553 562, thereafter it will show real power.

NTPC:

WEEKLY: Weekly trend decider is 181, resistance 189 197, down side support 173 166. Today above 185, it will show rocket like movement..... As remain 173, bull will charge continue and likely test ......?

Looks good and decline to best buy with consider support 167..... please panic catch

IVRCL INFRA :

WEEKLY: Weekly trend decider is 104, resistance 112 119, down side support 98 90.

Close eye at the level of 111, once crossover this level, it will show power.

SBI:

WEEKLY: Weekly trend decider is 1107, resistance 1148 1180, down side support 1075, 1034.

Lower level strong support 1100, As remain 1140, it will test 1110 mark. Trading range 1140 to 1067...... Today above 115, it will show power and likely test 1180 mark.