BULLS ARE FULL CONTROL

IN THE MARKET

Stop Loss for long

Nifty 3500

Above 3692 - bull will roar

Above 3500 Target

3750 are intact

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Major support 3445

On decline to buy.....Consider support 2625, 3590

It will test 3750 +

Bank Nifty :

Above 5200 positive, but higher level cautious approach time being.

NIFTY :

Today Weekly Trend Decider 3450.
Today support 3651, 3615, hold 3661, it will test 3692, thereafter more up side.

Short Term Trend : Up.
Next Target : 3750
Trend Reversal : 3500

BSE:

Today
Key trend decider of this week are 11285.
Today it will take support 12000,crossover 12200, it will test 12317 or above.....

Short Term Trend : Up
Next Target : 11850-12000(achieved) now 12500
Trend Reversal : 10961.

CNX IT

Key trend decider 2720......
Key trend decider 2720...... Major support 2500 hold positive bias.

Short Term Trend : Up.
Next Target : All target achieved.

Trend Reversal : 2562

BANK NIFTY:
.

Key Trend Decider 5115 Today Above 5200 target 5700-5800.

Short Term Trend : Up
Next Target : 5500-5800
Trend Reversal : Close below 5200

DOW :

After a sharp down ward jerk, strong movement were seen in Dow and recovered to end with a mild loss. Presently small trading range between 755 to 8100 and struggling to find direction in either side. A break out of this range should set the intermediate term direction for this index and rest of the global equity indices too. Close above 8100 heading towards 9000 + in short term

Short Term Trend : Up and waiting breakout
Next Target : 8500-9100
Trend Reversal : Close below 7500

FIIS PARTICIPATION

Major participation seen in DLF 270, 290 call option and IFCI 35 call option which indicate which indicate in near term it will test and positive bias likely continue in this stock.

DERIVATIVES DIARY

In the choppy market some buying were seen in in 3700 to 4000 Nifty call option whereas put writing where seen in 3400,3500,3600 which indicate players are not willing to expected too much down side and consider support 3500 mark in the near term.

On the other hand in option front in stock, RNRL was very active and major open interested added in 65, 70 call, Tisco 290-300 call, IFCI 30 call and RIL 1890-1920 call are self explanatory that near term stock will achieve this level likely.

Put writing were seen in ICICI Bank 500-510, RIL 1800 and Bharti 540 which act as a strong support in coming days and decline to buying opportunity.

As we have previous mentioned that major long in May series in Sugar Sector and positive bias in May series which did in today and almost strong closing of Bajaj Hindustan, Balrampur Chini, Renuka Sugar, Triveni. We advised to book profit and re enter again at lower level.

In stock future, massive open interest build seen in IFCI (80 lacs), RNRL (38 lacs), Suzlon (57 lacs) Unitech (38 lacs) HCC (7 lacs) . Balaji Tele, IBRL, Praj, Jet Airways also looks good due to fresh long built up in this stock.

Whereas due to profit booking and unwinding of long position open interest was down in IOB, OBC, Tata Power, SAIL, SBI, JP Associates and advised to cautious approach time being.

RELIANCE:

Trend Decider 1787 Keep a stop loss 1840 for long position....today above 1900, it will show more power.

RELIANCE CAPITAL

Trend Decider 527.
Looks hot and big move in coming days....Today support 590 and major support 565, last and final hurdle exit 617, thereafter big move on the card. Our Target 736.

RNRL :

Trend Decider 58.
Above 63, catch it, first target 68, thereafter 78 expected. Super Hot buy on opening bell.

DLF

Trend Decider 235. Above 250 target 300 mark non stop.

PRAJ INDUSTRIES :

Keep a stop loss 61 and play for long side for target 78, 89, 98, 104. Catch it opening bell.... Any time 20% up move....

IFCI :

Above 28 target 30, 34 mark. Catch it opening bell.

KOTAK BANK :

Above 444, it will test 500 mark.

NOIDA TOLL :

Massive volumes and extremely bullish RSI, MACD indicate big up move on the in coming days. Keep a stop loss 28 and buy this stock . above 32.50 not looking back and it will test 37 mark.