INDEX OUTLOOK

NIFTY

YESTERDAY NIFTY CLOSED AT 4525. THESE WEEK NIFTY MAJOR RANGE WILL BE 4260-4650 THE NIFTY HAVING STRONG HURDLE AT 4560 IF THESE LEVEL BREAKED AND SUSTAIN THEN GIVES ANOTHER RALLY UP TO 4700--4750 AND AT LOWER SIDE IT FINDS SUPPORTS AROUND 4410--4380 BELOW THESE GOES DOWN TO 4260.

BSE

SENSEX

YESTERDAY SENSEX CLOSED AT 14874 .THE SENSEX HAVING VERY CRUCIAL SUPPORT 14725--14570 AT LOWER LEVELS BELOW THESE GOES DOWN TO 14300 AND AT HIGHER SIDE THERE IS AN RESISTANCE AT 14930 ABOVE THESE NEXT UPSIDE RALLY STARTS AND ABOVE 15100 VERY BULLISH.

BANK NIFTY

YESTERDAY BANK NIFTY CLOSED AT 7343 TODAY BANK NIFTY MAY LOOKS GOOD MAY HAPPENS OPEN AROUND 7400 IF IT BREAKS 7500 THEN MOVES UP TO 7560--7595 AND AT LOWER SIDE AT DOWN SIDE BELOW 7280 CONTINUE DOWN UP TO 7200-7150. THE SBIN HAVING VERY STRENGTH LOOKS GOOD WHICH SUPPORTS BANK NIFTY TO MOVES UPSIDE.

OPTION DATA

IN NIFTY OPTIONS THERE IS A VAST OPPURTUNITY AT CURRENT MARKET. THE NIFTY CALL OPTION OF 4500-4600 ARE HAVING STRONG VOLUME AND OPEN INTEREST AND 4700 OPTION BECOME IN MOST ACTIVE POSITION HAVING BUYING OPURTUNITY AND ANOTHER SIDE NIFTY 4400-4300 ARE HAVING VOLUME .THE CALL OPTION OF IFCI 55 BECOME MOST ACTIVE AND STRONG VOLUME..

TODAYS CALLS

· BUY IF NIFTY SUSTAIN ABOVE 4560 TGT 4590-4615.SL 4545 AND SELL BELOW 4480 TGT 4450-4430 SL 4500.

· BUY SAIL ABOVE 183.4 TGT.186.5-189 SL.181.9.

· BUY IFCI ABOVE 54 TGT.57-59 SL.52.4.

· BUY IOC ABOVE 575 TGT.583-590 SL.569.9.

· BUY SOBHADEVELOPERS ABOVE 203 TGT.207-211 SL.199.

MIDCAP RADAR

· BUY ISPATIND @ 27.75 TGT.29-31 SL.26.4.

· BUY JINDALSWHL ABOVE 700 TGT.725-749 SL.691.

· BUY SATYAMCOMP ABOVE 63 TGT.67-69 SL.61.9.