Nifty Resistance

2844 (50 DMA)

2828 (20 DMA)

Trading range of Nifty

2650-2880

No clear trend of the Market,

Wait and Watch for breakout of 200 points in either side.

FO STRATEGY

Indian markets started with descent gains and the same trend was witnessed till mid session, but during the last trading session we have witnessed sudden selling pressure. However markets ended with the slight gains. Mid cap index was the unperformed index of the day. We have seen the most active puts were the 2700 and 2800 put and the most active calls were the 2800 and 2900 calls. So from the mention figures we can assume that 2700 level will be the strongest support of nifty and 2900 will be the strong resistance. We have seen the fresh long position has been formed in Wipro, Reliance and ITC so we suggest the investors they can trade in these stocks with positive bias.

FII ACTIVITY:

The most active contracts in FII counter are Polaris 50 call up by 195%, Tata motors 130 put up by 99%, Hindunilever 280 call up by 72.41%, and DLF 145 put up by 65%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is 29CR, In Index Option it is -71CR, in Stock future it is -92CR & in stock options 200CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 1.07 level. Higher level PCR levels were seen in Tata power 188.77, Ivrcl infra 30.23, HDFC Bank 10.39, GAIL 7.32, and PNB 2.67 While lower PCR was seen in Bank nifty 0.91, Infosys 0.99 , Adlab 1, Titan 1 and Reliance 1.12. Highest call activity was seen in 2800 and 2900 call while highest put activity was seen in 2700 and 2800 put.

NIFTY FUTURE + BANK NIFTY +CNX IT

Bank Nifty :

Higher level sell

Nifty Future :

Panic catch with consider support 2728, 2711

Higher level resistance 2775-2813

NIFTY :

NIFTY:
. Today support 2750, decisively break selling opportunity and likely test 2717. higher level it will face resistance 2790, thereafter it will touch 2850

WEEKLY: Weekly trend decider is 2815 resistance is 2929 2990 and support is 2754 2640

BSE:

Close above 9410, likely test 9900-10000 range easily. Today crossover 9303, likely test 9400-9438, thereafter it will show more power, down side support exit 9040, then 8940.

WEEKLY: Weekly trend decider is 9218 resistance is 9644 9865 and support is 8997 8570

CNX IT :

WEEKLY: Weekly trend decider is 2184 resistance is 2276 2325 and support is 2164 2042.

Broken support level....... Today resistance 2200,below 2150 selling opportunity.

BANK NIFTY :

WEEKLY: Weekly trend decider is 4352 resistance is 4592 4728 and support is 4216 3975.

Today below 4190 selling opportunity. Avoid long position, more down side expected.

DOW :

Strong support 7500 to 8000... Close above 8500 bull will charge.

RELIANCE:

Made for Each Other....

WEEKLY: Weekly trend decider is 1275 resistance is 1380 1436 and support is 1219 1114.

Today resistance 1331, crossover more up side and likely test 1400 mark in few session, down side support 1270, major support 1212 (20DMA)

JP ASSOCIATES:

WEEKLY: Weekly trend decider is 72 resistance is 82 87 and support is 67 57.

Down side 61-60 are a strong support, lower level buying opportunity.

RCOM:

WEEKLY: Weekly trend decider is 167 resistance is 179 189 and support is 158 145.

Today resistance 161, 165, down side break 157 sell with stop loss 165 target 154, below real panic will start. If not break 154....?

SBI:

WEEKLY: Weekly trend decider is 1123 resistance is 1187 1222 and support is 1088 1024.

Lower level strong support 1100, As remain 1140, it will test 1110 mark.

HCL TECH:

WEEKLY: Weekly trend decider is 114 resistance is 120 125 and support is 109 103.

Buy and hold as remain 100 mark. Above 121 fantastic up move.

RPL:

WEEKLY: Weekly trend decider is 84 resistance is 90 94 and support is 80 73.

Lower level support 80 mark hold time being positive.

CHAMBAL FERT :

WEEKLY: Weekly trend decider is 37.7 resistance is 39.7 40.9 and support is 36.6 34.7.

Higher level resistance 40-43 which is a major supply area.

NTPC:

WEEKLY: Weekly trend decider is 187 resistance is 195 201 and support is 181 173.