Nifty Trading Range

2700 to 2850

Break out of range

Lower Level Buying Opportunity

Higher Level Selling Opportunity

Be Aware ......

Failure of Stock Market Traders,

Become an analyst

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Sell at Higher Level

To be consider short side at higher level with stop loss 2830....and should be adjusted progressively and lock the Profit.

Today resistance 2760. 2772, crossover target 2800 mark, down side support exit 2670, break with volume target 2650, 2635.

______________________________

Bank Nifty : Over Sold

CNX IT : Buy and sell on rise.

NIFTY :

NIFTY:
Today support 2750, below it will test 2722, 2700, resistance 2780, crossover it will test 2800 2821.

WEEKLY:
Trend Decider 2746, resistance 2814 2865, support 2695 2627.

BSE:

BSE:  Today support 8800, crossover 8950, likely test 9000, thereafter more up side and it will test 9178.
 

CNX IT

CNX IT:
Corrective rally continue and likely it will face resistance 2200-2250 range , Hold 2050 over all positive time being.

WEEKLY:
Trend Decider 2056, resistance 2098 2102, support 2053 2011.

BANK NIFTY :

BANK NIFTY:
From 4600 to 3758 - 850 wipe out without any correction, over sold, corrective rally on the card which will face resistance 4050-4100.

WEEKLY:
Trend Decider 3874, resistance 3990 4087, support 3776 3661

DOW :

DOW:
(7062) Closed below weekly and monthly 2002. Overall momentum studies are indicate still bearish but are now at oversold level. Further down side target 6910-6900, whereas the next area of resistance is 7130 7241

RUPEE - USA $

All Time Low of 51.15 to the Dollar

It will test 52
+ levels shortly.

Weakness continue due to :

1. Outflow on account of Portfolio Liquidation by FIIs

2. Heavy Demand

3. Weak GDP Numbers

4. Diminishing dollar supply

5. Heavy demand from Imports (specially Oil companies)

6. Weakening of Asian currencies vis-a-vis the dollar is exerting pressure on the rupee.

n this counter. Lower level target 68, 66. Swap Ratio expected any where between 16 to 20 shares of RPL of one share of RIL at prevailing market price.

RIL : Major advantage of Tax benefit and mildly positive for Reliance Industries. Technical support 1240-1200, resistance 1335. Trading in Crude, RIL Loose very heavy. As per our sources figures any where Rs. 20000 crore +,its resulted Singapore Office closed.

TISCO

Unusual movement with volume........due to.....?

Above 182, it will show real strength.....

down side support 168.

ONGC:

Higher level major resistance zone 740-750... on reversal fantastic selling opportunity .... Down side support 660.

ICICI BANK:

Looks good and super hot buy......Today support 320, Hold 333 non stop target 348. Maximum up side corrective rally 369. (On Friday our BTST call at 325 and same day exit at 333).

BANK OF INDIA:

Hold 222 level short term positive Above 228 target 233 236.

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SBI:

Down side major support 990-1000...... break below, it will show real panic... Today above 1048, it will show real power and target 1087 1100 +.
Two Close below 990 it will test 860 mark.

INFOSYS:

Keep a stop loss 1190 and buy...... Higher level resistance 1260. and major resistance 1300-1310, and blindly sell......

POWER GRID :

Trading stock for Professional Traders.

Looks good and decline to best buy... with consider major support 85 range.... Hold 95 it will test 100 then 103 on the card. Thereafter buying is too risky.