Higher High, Higher Low

Formation indicate

Bullish break out ..........

______________________________________

Nifty Resistance

50 DMA - 2847

39DMA - 2891

FO STRATEGY

The Indian markets were able to close with green shade. The outperformed sectors were the Metal, Reality, Oil & Gas, Tack, PSU, Power and FMCG stocks. However, Pharma and Consumer Durables stocks remained out of favor during the trading session. Small caps were the star performer today. FII were taking interest in Ispat calls of various strike price, so we guess good movement in this stock in coming days. We have seen the fresh short position has been formed in ICICI Bank, Unitech, Suzlon and LT so we suggest investors they can trade in these stocks with negative bias.

FII ACTIVITY:

The most active contracts in FII counter are Ispat ind 13 call up by 266.67%, Ispat ind 15 call up by 100%, GT Offshore up by 76.16%, and Suzlon 35 put up by 66.67%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is -625CR, In Index Option it is 565.80CR, in Stock future it is -12.88CR & in stock options 71.8CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 1.12 level. Higher level PCR levels were seen in Tata power 187.70, Ivrcl infra 28.14, HDFC Bank 9.72, Gail 7.16, and PNB 2.41 While lower PCR was seen in Bank nifty 0.91, Adlab 1 , Tata com 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.

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 : Decline to buy...support 2750

Bank Nifty : Higher level selling opportunity.

NIFTY :

NIFTY:
.Today support 2780, break below down side target 2747, higher level it will face resistance 2850, 2880. Close above 2880, it will show real power and non stop target 3150.

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 support 9160, crossover 9338, immediate target 9400, 9438 and sustained above that level, it will show real power and over all buying force will emerged in the market.

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.

Higher level selling opportunity with consider resistance 4350-4400 range.

DOW :

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

RELIANCE:

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

Trading range 1267 to 1336, break and crossover in either side 50 points movement on the card. Lower level major support exit 1216 (39D)

SUZLON ENERGY:.

WEEKLY: Weekly trend decider is 46 resistance is 52 56 and support is 42 37.

Down side 41.50 close eye... On rise selling strategy with consider resistance 45.

GMR INFRA:

WEEKLY: Weekly trend decider is 74.7 resistance is 78 82 and support is 71 67.

Lower level are strong support exit 65, higher level it will face resistance 74-75 and selling opportunity. Free fall on the card in coming days.

RENUKA SUGAR :

WEEKLY: Weekly trend decider is 71.5 resistance is 83.3 87.1 and support is 67.7 55.9.

Higher level resistance 80, today support 75.

TISCO:

WEEKLY: Weekly trend decider is 180 resistance is 193 201 and support is 172 159.

Today support 175, higher level resistance 181, hold likely test 190 mark.

AXIS BANK:

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

Small trading range, higher level selling opportunity. Major activity seen at 400 call and 400 put option,which act as a strong resistance.

INFOSYS:

Strong Resistance 1320

TCS

Strong Resistance 520