Today first 60 minutes wait and watch, thereafter decide your trading strategy.

Nifty Trading Range

2700 to 2850

Break out of range

Thereafter One side move in either side

Be Aware ......

Failure of Stock Market Traders,

Become an analyst

NIFTY FUTURE + BANK NIFTY +CNX IT

Bank Nifty : More down side.

Nifty future : Selling Opportunity

CNX IT : Corrective rally, sell on rise (2200 +)

NIFTY :

NIFTY:
. Today support 2771, 2751, higher level resistance 2803, 2833. Major resistance zone 2830-2840.

WEEKLY:
Trend Decider 2803, resistance 2896 3047, support 2653 2560.

BSE:

BSE:  Today support 8900, higher level crossover 9000 with volume looks up side and target 9100-9150.

WEEKLY:
Trend Decider 9081, resistance 9399 9955, support 8525 8207. 

CNX IT

CNX IT:
Corrective rally continue and likely it will face resistance 2200-2250 range and sell IT stocks.

WEEKLY:
Trend Decider 2100, resistance 2165 2260, support 2005 1941.

BANK NIFTY :

BANK NIFTY:
On rise sell only..... corrective rally may possible. Major resistance 4000-4050.

WEEKLY: Trend Decider 4137, resistance 4358 4773, support 3724 3502.

WORLD MARKET

DOW :

DOW:
Global market continue weakness led by the Dow Jones Industrial Average. Already breached major support level 7500 which indicate more bearish and likely test 7200 marka nd thereafter it will test 6500 mark. It is very near to much major multi year support.

Daily stochastic suggested over sold territory. And selling may be drying up soon. Further down side below 6990, higher level it will face resistance 7300-7450

NASDAQ : Over sold region...Lower lever target 1092. The next area of resistance is around 1156,1190.

RELIANCE:

Today support 1280, it will face resistance 1298... sustained with volume, it will test 1315-1320 range. (Heavily loose in Oil Trading....?)

LT:

Very near to 52 weeks low.... Higher level resistance 630-640. Break 605, another round of panic selling on the card.

NTPC:

Hold 180 positive sign.... Above 185, likely test 190 mark... Consider stop loss for long 171.

BHARTI:

Higher level resistance 660, hold with volume, fantastic up move, down side support 645.

SBI:

Down side major support 990-1000...... break below, it will show real panic...and met down Bank Nifty too... Higher level resistance 1040-1050. Will Big Fall on the card...Just check what happened in coming days in this counter.

INFOSYS:

Keep a stop loss 1190 and buy......Today resistance 1245, 1252........ But we prefer to sell at higher level instead of buying. Consider massive resistance 1290-1310 range.

WIPRO :

Crossover 220, non stop target 225 228 or above.

ONGC:

Higher level resistance 730-740, will bear permit to cross this zone easily... today will tell the market.