BSE RESISTANCE ZONE

15580-15650

Nifty RESISTANCE

4450-4700

Further up move and

Fresh long only above that level

Book Profit on Rallies

and re enter only on correction or dips

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Our Views : On a weekly trend , Nifty future facing strong resistance 4790, however on closing basis at was ended below the support level 4580.On the higher side key resistance are 4650, thereafter immediate target 4850. 4935, 5200 mark can not be ruled out. Presently it is stay with major break out and potential to move 500 points likely in either side. On down side we may consider support 4450,below immediate target 4200 which is last leg of support of this bull phase and current sentiment . Below it will negate the cullish sentiment and down level test 3800-3600-3530 mark. High risk and smart traders can sell on rise with consider resistance 4700-4750 level, lower level target 4450, if break decisively hold your short and added more and u will see more lower level.

Trend Decider of this week

4559

Weekly Resistance- 4733-4877

Weekly Support -4415-4241

NIFTY :

NIFTY:
Tend Decider of the week 4547 Support 4401, 4219, resistance 4729. 4875. We have seen tough war between bulls and bears at 4550. We may consider strong support and buying area 4550 with strict stop loss, decisively break selling opportunity. On the other hand, if move past 4791, next target would be 4900-4980 or above.

Today resistance 4614, crossover it will test 4650, 4650, down side support 4550, below it will test 4537, 4487.

Short Term Trend : Up
Next Target : 4800 - (Our long term target 6500)
Trend Reversal : 4200 on closing basis.
 

BSE:

BSE: 
Trend Decider of this week are 15121, resistance 15716, 16195, support 14642, 14047. Over all trend continue up and we may consider major support area 13000-13500, close below this level, invite the correction will take place nearly 12500 or lower level. On the other hand higher level the key resistance at 15680-16000-16332. We advised to investors at the current juncture, should be avoided fresh purchase and re enter on decline or support level with strict stop loss. We are at a level where breakout can be deceptive and easily move in either side 500 to 1000 points .

Today resistance 15337-15550, fresh move only above that if hold successfully, lower are a strong support 15174,below correction invited and likely test 15000, thereafter it will test 14800. Lower level major support 14600 watch out. If hold strong reversal can not be ruled out.

Short Term Trend : Up
Next Target : 16500 + (our long term target 21000)
Trend Reversal : 13500
 

CNX IT

Key trend decider 3529 Smart move were seen from the level of 3000 and almost 600 points gain due to expectation of STPI norms in union budget 2009. Now we may consider resistance zone 3688-3700, lower level support 3340-3300, below likely correction which will come down easily 3182 or lower

Short Term Trend : Up
Next Target : 3800

Trend Reversal : 3000

BANK NIFTY:
.

Key Trend Decider 7129. We have seen smart pull back from the lower level and almost gain more than 1700 points and high was 7700. Over all looks that some bit of profit booking in Banking Stocks likely continue, which will drag down lower level, on the same side, some counters looks good which will support at lower level. Over all its moving like a Nifty Future and battle between the bulls and bears may continue.

Short Term Trend : Up
Next Target : 7800
Trend Reversal : Close below 7000

DOW :

week a narrow band and ended flat at 8799. Over all we may consider resistance 8500-8600, crossover more up side in World Market, whereas consider support 8500 and a medium term reversal is possible from here. But in a positive side as long as hold 200 DMA is also positive for this indices.

OPEN INTEREST ANALYSIS

Total open interest of the market have been increased from 77959 crores to Rs. 84865 crores. Major open interest have been increased in real estate and infrastructure estate which is mostly in short side. Significant open interest added were seen in SBI, GMR Infra, Dis TV, India Bull Real Estate, Sesa Goa, Noida, Union Bank and Tisco.

RELIANCE:

Trend Decider 2348. Consider major support 2160 as remain hold decline to buying opportunity. On the higher side, 2384-2400 are struggle area of this counter, successfully close above that level more up side.

RELIANCE CAPITAL

Trend Decider 1013. On decline 900 we may consider are a major support area and it should not break and close, hold this level up trend will intact. Today resistance 987, 1000, down side support 962, break below it will test 950 which is close watch.

ONGC:

Trend Decider 1113 Lower level two major support 1070-1050, hold up move continue... Decisively break immediate target 950.

DLF

Trend Decider 381 Continue face resistance 410-427, break out this range, target 450, thereafter heading towards 520 or above. Down side support 340, break immediate target 300 or lower. On rise selling opportunity.

GMR INFRA:

Trend Decider 161. Looks hot and something cooking in this counter which indicate abnormally rise volume. Down side strong support 150-152 and buying opportunity with stop loss 147. Above 170 fantastic up move.

BANK OF BARODA:

Trend Decider 440. For up move intact, it should not break 425 mark, below immediate target 400 mark which is a last leg of support zone. Close below bearish move.. Hold 400 unexpected move .

AXIS BANK:

Trend Decider 710. Strong consolidation and waves 3 in a full swing...which indicate support area 662 . As remain hold there is no problem in this counter which take 4 digit mark. Two close below bearish view only.

APIL :

Catch it for quick money.