MAJOR SUPPORT

BSE 14500-14600

NIFTY 4300-4350

Hold these level up move intact

On decline/dip buy

BSE Above 15000 - target 15500

NSE - Above 4650 - target 4750-4800

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Major Resistance Zone

4640-4650

Crossover + Close more up side,

on reversal selling opportunity.

Today Trading Range

4500-4600-

Trend Decider of this week

4561

Weekly Resistance- 4666-4744

Weekly Support -4479-4372

BANK NIFTY :

Major support 7117,6891

Major Resistance 7564 7785

NIFTY :

Tend Decider of the week 4558. Today support 4500n 4480, crossover 4563, it will test 4600-4620-4642. Close above 4650 another round of power ful up move on the card.

Short Term Trend : Up
Next Target : 4700-4800 - (Our long term target 6500)
Trend Reversal : 4200 on closing basis.
 

BSE:

Trend Decider of this week are 14987, resistance face 15373, 15643, support exit 14718. 14332. We may consider 14500-14600 are a strong support in coming days. Higher level 15500-15650 are a major resistance level, where the heavy profit booking likely invited.

Short Term Trend : Up
Next Target : 16500 + (our long term target 21000)
Trend Reversal : 14000
 

CNX IT

Key trend decider 3306 Looks good Today support 3510-3500 ,decline up to buying opportunity. Decline to buy only

Short Term Trend : Up
Next Target : 3500

Trend Reversal : 3000

BANK NIFTY:
.

Key Trend Decider 7338. Today resistance 7210, above target 7270, 7300 or above, We may consider strong support 7000 and decline to best buy

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

DOW :

DOW After a sharp move for the last , intra week peak of 8839, thereafter we have seen negative divergence in both daily and weekly chart and likely momentum will be halt and profit booking on the card. On the other hand hold 8000 level and sustained above, medium term target of this leg of the up move likely is 8800, 9500 any where.

OPEN INTEREST ANALYSIS

Strong come back in momentum counters. Reliance was the most active along with Suzlon, GMR Infra, Unitech, Tisco, JP Associates, HDIL, GMR Infra, Voltas, IBREL, IDBI, Yes Bank etc. and positive bias continue.

PRAJ INDUSTRIES :

Trend Decider 107. Today crossover 113, non stop target 120-123, thereafter more up side, stop loss 105 mark

GTL INFRA :

Heading towards 50 mark strong volume. Stop loss 40 target 50, 56 and 66 shortly. (Yesterday u turn from the level of 41.50. Today above 50, one side move and open quantity buy side.

IDBI

Today support 100, non stop target 110, 115 or above.

ROLTA :

Strong resistance 150, close above immediate target 175...down side support 132.

ICICI BANK:

Trend Decider 736
Time for consolidation........Lower level support 700, if manage to hold 756 mark, likely sharp move.

IDEA :

Trend Decider 83 Consider support 75 and decline to best buy.......crossover 84 target 87, thereafter it will test 100-130 mark in coming months.

IBREAL

Trend Decider 240
Looks hot.......Today support 208, 201, higher level resistance 223-225, thereafter 235 also.

UNITECH:

Trend Decider 93.50 Strong come back from the support level 79-80 range.... Today support 85,crossover 89 -90 band, non stop target 100-105 in hrs only.

OPTION ANALYSIS

Among the option front 4600 call and 4400 put were the most active and indicating some more days are trading range. In Stock Future Infosys 1800 call were most active, on the other hand Suzlon 120 to 140, RNRL 90, Unitech 90-100 and IDBI 110-115 very active and looks positive bias in this counter.