Nifty Above 2880 ...

Big up move........

Enter the Market

FO STRATEGY

Markets are slipped on slightly lower note on the expiry; Rise in inflation rate may be the one of the reason behind it. Market's opening was very good but as announcement of inflation data turns the market in to the negative trend. FII were the net buyers in index futures and index options while they were the net seller in stock future. Intense call writing was seen in Reliance 1290 call so we guess that 1290 will be the strong resistance. We have seen fresh short position in Gail, Bharti airtel and BHEL so we suggest they traders they can trade in these stocks with negative bias.

FII ACTIVITY:

The most active contracts in FII counter are DLF 170 put up by 344.44%, Cairn 170 put up by 318%, Renuka 80 call up by 306%, and Cairn 160 put up by 240%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is 1138CR, In Index Option it is 425CR, in Stock future it is -184CR & in stock options 17.83CR.

NIFTY PCR STRATEGY:

Nifty PCR level becomes 1.28 level. Higher level PCR levels were seen in Tata power 167.13, Maruti 69, Ivrcl infra 36, HDFC Bank 13.78, and Gail 12.71. While lower PCR was seen in Rpower 0.65, Rolta 0.67, Reliance 0.68, Nalco 0.65 and Icici bank 0.88. 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

Today support 2839, 2801

Higher level resistance 2962

NIFTY :

NIFTY:
Today support 2850, crossover 2882, target 2912, 2950. Close above 2880, play for long side, your stop loss 2800 on closing basis.

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

BSE:

Today support 9316, crossover 9415, likely test 9500, 9600 mark. Close above 9410, likely test 9900-10000 range easily.

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.

Looks good and decline to buy...... Infosys and TCS close watch and decide the trend.. both looks break out in higher side on the card.

BANK NIFTY :

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

As remain 4000 up move continue. Close above 4600 new bull run in Banking stocks.. concentrate only front line.

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.

Today support 1300, crossover 1338, it will test 1350 mark which is strong resistance, hold these level likely test 1384, 1410 mark.

LT:

WEEKLY: Weekly trend decider is 664 resistance is 722 753 and support is 632 574.

690-700 are act as a strong resistance, crossover immediate target 740-750 range and at that level heavy supply can not be ruled out. Professional traders also play for short sell at that level with proper stop loss.

SUZLON ENERGY:.

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

Bad result already discounted and reflected in price too. Worst is over in this counter and consider yesterday low 41.50 are stop loss, higher level first target 50, 53, thereafter it will show real strength and more up side. Avoid short sell.

PUNJ LLOYD:

WEEKLY: Weekly trend decider is 94 resistance is 100 104 and support is 89 83.

Worst is Over ?

Consider stop loss 88 and play for long side.....higher level first target 100, 105, 116 in coming days.

PRAJ IND:

WEEKLY: Weekly trend decider is 53.6 resistance is 58 60 and support is 51 47.

Buy and Buy....

Major support range 49-50 and buy.... Volume chart indicate worst is over in this counter........first target 59, thereafter heading towards 63, 70 mark immediately

INFOSYS:

WEEKLY: Weekly trend decider is 1280 resistance is 1345 1384 and support is 1241 1276.

Ready for break out.... And first target 1380 mark.

SATYAM COMPUTER :

Over all positive news.

On race to join :

L&T, Spice, Hinduja.......Fidility fund bought 58 lac shares, FID Fund Mauritius bought 2.7 crore shares....

Risk traders can buy on decline/panic with consider stop loss 40.

BALRAMPUR CHINI:

WEEKLY: Weekly trend decider is 57.8 resistance is 63.5 67.1 and support is 54.1 48.4.

Today support 58,crossover 62 immediate target 65.. Likely test 72 mark

BAJAJ HINDUSTAN:.

WEEKLY: Weekly trend decider is 56.6 resistance is 61.3 65.1 and support is 52.9 48.2.

Buy and Buy above 60 more power.

RENUKA SUGAR :

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

Ultimate target 95-99 mark in short term.