Nifty Resistance 2852 (50 DMA)

After 17^th trading session

Market ready to break out..

In either side

Minimum Nifty 150-200

points move

For safe Traders -

Buy Call, Buy Put option of Nifty

If Nifty in trading range

in FEB, get out quickly

Yesterday opened on a bullish note and ended with tepid gains as higher levels attracted profit sales. The traded volumes were lower as compared to the previous session, which is a negative indicator for an up tick session. The indices have closed at the lower end of the intraday range and amidst lower turnover.. The intraday range specified for Friday between the 2840 / 2700.

The coming session is likely to witness a range of 2880 on advances and 2740 on declines. The bullish pivot will be at the 2820 levels and the bearish pivot at the 2760 mark. Though the daily bars indicate a rising tops and bottoms formation, a clear and confirmed buy signal eludes the bulls.The overseas cues will have a bearing on the domestic sentiments too.

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future discount narrow indicate short covering

MAJOR SUPPORT -

2720-2730

Bank Nifty : Higher level selling opportunity.

NIFTY :

NIFTY:
.Today trend decider 2780, down side support 2740-2750, break below, likely test 2700, higher level resistance 2844.

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

BSE:

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

Close above 9410, likely test 9900-10000 range easily. . Today resistance 9250, crossover it will show strength and likely test 9351-9400, down side support exit 8940, thereafter over all selling on the card.

CNX IT :

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

Broken support level....... Today resistance 2200.

BANK NIFTY :

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

Consider support 4200,... higher level heavy selling were seen..... today it will face resistance 4290-4311.

DOW :

Strong support 7700, close above 8000, it will test 8500 mark immediately.

AXIS BANK:

WEEKLY: Weekly trend decider is 421 resistance is 458 482 and support is 396 359.

Sell and sell... big fall on the card.. with consider resistance 403, 408, 411

ICICI BANK:

WEEKLY: Weekly trend decider is 403 resistance is 447 478 and support is 372 328.

As remain below 410, non stop target 350, 331 mark in coming days.... Two close above 410, it will change the trend.

TCS:

WEEKLY: Weekly trend decider is 502 resistance is 528 544 and support is 485 459.

Keep a stop loss 500 and sell, down side decisively break 475, it will show more panic. Big fall on the card in cming days.

MARUTI:

WEEKLY: Weekly trend decider is 553 resistance is 594 620 and support is 527 485.

Corrective rally over.....today resistance 580 590, down side below 570 selling opportunity.

BANK OF INDIA:

WEEKLY: Weekly trend decider is 241 resistance is 258 267 and support is 233 215.

On rise sell with consider strong resistance 260, down side below 228 further weakness

SAIL:

WEEKLY: Weekly trend decider is 79.5 resistance is 87.3 91.6 and support is 75.3 67.4.

If cross 84, and sustained with volume, think to buy, down side support 82, 80 mark, otherwise sell only....

:RCOM:

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

Trading range 154 to 176, break and crossover in either side one side move. Minor support 157.

(Something wrong in this company

as per our reliable sources .......)

RPL

Cheveron planning to good bye

Laxman Rekha 87....

And decide your trading strategy