Major Resistance

Nifty - 4600-4620

BSE - 15000-15035

Market are trading in significiant resistance zone - Profit take home is a best strategy.

Market will test New High

BSE - 21000 +

Nifty 6500 +

But be a patience.

When & What to Buy :

Join our team

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

More up side, but cautious approach

Entered in overbought position, but looks to havesome steam left. We may consider support 4400, hold target 4600-4630 with a lot of hurdle. Down side support watch 4200 would negate the positive sentiment.

Trading range of this week 4650-4250 and break in either side sharp direction likely.

Today resistance 4580-4585, if cross this level target 4600-4620-4630, down side support 4580, 4450. Close and break below 4450, big profit booking on the card. Today below 4480 fresh short advisable.

Trend Decider of this week

4341

BANK NIFTY :

Higher level bit of selling seen .

NIFTY :

NIFTY:
Tend Decider of the week 4350, hold target 4598, 4744.
Today support 4500, 4475 and trailing stop loss of long position are 4450. Higher level resistance 4600-4650.

Short Term Trend : Up
Next Target : 4700-4800 - (Our long term target 6500)
Trend Reversal : 4100 on closing basis.

BSE:

Trend Decider of this week are 14290..above target 15069, 15493. Today trend decider 14883,down side support 14733, below further weakness, higher level resistance 15050, crossover it will show strength and test 15200. Three close above 15200, it will show real power.

Short Term Trend : Up
Next Target : 16500 + (our long term target 21000)
Trend Reversal : 13450

CNX IT

Key trend decider 3155. Consider major support 3000 and resistance 3380-3400 mark, break below further weakness.

Short Term Trend : Up
Next Target : 3500

Trend Reversal : 3000

BANK NIFTY:
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Key Trend Decider 7250 and major support 7000 mark Today resistance 7425, crossover it will show power, down side support 7250

Short Term Trend : Up
Next Target : 7800
Trend Reversal : Close below 6800

DOW :

DOW After mild correction in last week, however we may consider support 7700-7500 range till then up ward journey of dow are intact. Hold 8100 target 9000 mark. For weakness, it must close below 7500 mark two consecutive days.

OPEN INTEREST ANALYSIS

Momentum continue i such as Tisco, Suzlon, Unitch, HDIL, Rel communication, Reliance Capital, JP Assocaites . Smart open interest added in Suzlon (30.36 lacs) Tata Steel (15.50 lacs), Unitech (12.42 lacs) Dena Bank (54 lacs) GVK Power (34.96 lacs), Hindalco 18.01 (lacs) IDFC (33.57 lacs), Power Grid (18.36 lacs) which indicate these are looks positive in some more days.

On the other hand Essar oil which witnessed sharp ump in price on yesterday and homogeneous open interest were seen a previos day, shed 7.7 lacs shares in open interest along with IFCI (74 lacs)

UNITECH:

Looks hot.....On decline to buy with consider support 70,65 mark, Further up move only above 97, otherwise profit booking. Down side strong support 80-83 range and buying opportunity.

RCOM:

Trend Decider 307 Hold 324 non stop target 347 mark or above. Above 286 our target 382 are intact.

INFOSYS : Near to major support area, below further weakness.

LT : Close watch 1380, slip likely selling opportunity.

ONGC - Facing strong resistance 1220, on rise selling opportunity.

DLF - ICICI Bank : Cautious approach on buying side.

HINDALCO:

Looks hot and long term target 150 or above, hold 90 continue up move... and target 112 mark

ESSAR OIL

SUPER HOT BUY.......

Last and final hurdle exit 190, thereafter it will test 200, 220, 251. Hold 190 buy any qty. Your stop loss 155 for long position.

HPCL, BPCL , IOC :

One side move on the card.....likely Be prepare for 20 to 30% move sharply.

DCB

Trend Decider 42. Above 43 looks hot. and immediate target 49 or above.

YES BANK :

Hold 120 non stop target 135.

AD LAB :

Above 380 non stop target 500 +