Trading Ragne of Nifty

4200-4400

In lower Level,

do not play for Short Sell please

Concentrate on

Banking/IT Stocks

Conservative Lower Level Target

38.2% Retrenchment level of

BSE 8047 to 15600 = 12715

Nifty - 2539 to 4693 = 3870

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Our Views : The coming week, Nifty future are a very critical zone due to expiry and vig volatility likely happen in next 4 trading session. We may consider strong support 4200, if it breaks this support level, then first target 4100, thereafter vertical fall and next target are 3850-3650. On the other hand in case of rally continue first it will face resistance 4400, thereafter rally will entered in broad based and move up to 4600-4700 range. Today support 4200-4190 below another roun d of panic and resistance 4350-4400.

Trend Decider of this week

4380

Weekly Resistance- 4555-4788

Weekly Support -4146-3979

NIFTY :

NIFTY:
Tend Decider of the week 4374 Support 4146, 3980 , resistance 4541, 4768. After a smart correction of 500 points smart pull were on Friday trading. Correction is essential for Bull Market and we think that as remain 4100 over all positive bias in the market. Higher level continue will face resistance 4650-4700, crossover this level, we may see target 4800-5000 level or above.
Below 4100 likely correction will be intensified and non stop target 3800-3500 mark.

Today Today support 4285, 4250, higher level crossover 4326, it will test 4357, 4401, where the major resistance zone and cautious approach

Short Term Trend : Trend likely change
Next Target : 4100
Trend Reversal : 4400 on closing basis.
 

BSE:

BSE: 
Trend Decider of this week are 14653, resistance 115128, 15735, support 14046, 13571. In the last week after a high of 15600, strong correction were seen and almost take a support level of 14188 which is a retrenchment level. Now we may consider in coming days, as remain 14188 intact positive bias in the market likely continue, weakness only below that level and it will test 13580 mark which is a major support area of this bull market. Two close below non stop target 12715-12500. On the higher level we may see resistance zone 14900-15000, fresh move only above that level.

Today support 14420 and strong support exit 14180, higher level crossover 14560 immediate target 14660. 14800.

Short Term Trend : Sode way
Next Target : 13500
Trend Reversal : 15500.
 

CNX IT

Key trend decider 3455. As we think that 3000 are a very near support area, higher level resistance are 3700, till then trading range continue in IT sectors.

Short Term Trend : Up
Next Target : 3800

Trend Reversal : 3000

BANK NIFTY:
.

Key Trend Decider 7177, Over all looks good and strong buying were seen in last three trading session inspite of break down of market. Technically 6900-7000 are a major support base, higher level resistance zone 7600-7700 level which must watch out. We advised to on decline buying opportunity

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

DOW :

DOW Close eye 8500-8300 level and it must hold this level, otherwise correction will be intensified. Higher level close above 9000 sharp move.

AXIS BANK:

Trend Decider 740. Strong consolidation and waves 3 in a full swing...which indicate support area 662 . today support 751, 741, higher lvel resistance 765-780. Fantastic move on the card...

ICICI BANK:

Trend Decider716. Time for consolidation........Lower level support 700-693, higher level resistance 721-735. Above 760 one side move.

IBREAL

Trend Decider 200. 185 are a strong support (QIP Price ) today support 195, above 203 immediate target 209 211.

IDEA :

Trend Decider 82 Consider support 75 and play for long..... on positive market target 95-100 range.

RELIANCE:

Trend Decider 2126 Over sold counter... we may consider support range on panic 1950-1960.. and buying opportunity. Higher level resistance 2200 and real strength show only above that level.

BANK OF INDIA:

Trend Decider 329.
Looks and decline to best buy.... Stop loss 320 for long position target 370.

PNB, OBC, CAN BANK

All looks good..... decline to best buy.