Nifty Above 4480

BSE Above 15100

No short sell please.........

Close above Nifty 4800 -

New Bull Market but before that big correction

Market entered in overbought Zone

Any time big sell off........

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Strong move, back buy the positive news + strong corporate earnings helped and cross the crucial hurdles at 4350. Any decline to buying opportunity for target 4600-4700-4800

Major support 4200.

Today support 4455, 4410

Trend Decider of this week 4229

Weekly Resistance- 4552-4723

Weekly Support -4058

NIFTY :

Weekly Trend Decider 4228 resistance 4537 4700, support 4066 Lower level target of Nifty are 3850, 3624, 3350, Close above 4450 to change the view positive again for Nifty. Stop loss for long 3918 target 5017-5518

Today support 4463, crossover 4503, it will test 4550, 4595. Likely test 4700 or above.

Short Term Trend : Up
Next Target : 4700-4800
Trend Reversal : 3915 on closing basis
 

BSE:

Trend Decider 13987, resistance 14755 15261, support 13481 12173. Stop loss for long 13219.
Today support 15084, 15000, above 15210 target 15500-15600 or above.

Short Term Trend : Up
Next Target : 15600
Trend Reversal : 13000
 

CNX IT

Trend Decider 3661, resistance 3922 4059, support are 3524 3263. Stop loss for long 3350 target 4250 4603. above 4170 target 4250 or above

Short Term Trend : Up
Next Target : 4250

Trend Reversal : 3350

BANK NIFTY:
.

Trend Decider 6952, resistance 7538 4872 supportare 6648 6062. Stop loss for long 6393 target 8000-9000 above 7546 target 7700-7800 or above

Short Term Trend : Up
Next Target : 7800-8000
Trend Reversal : 6390.

DOW :

DOW The moved in line with our expectation and continue trading below 850008200 range and short term negative continue. We may consider last leg of support 8000, close below target 7800-77650. Close below 7800 real panic will start. Major long term up trend will be established confirmation close above 9000.

FO ANALYSIS

Over all bullish sentiment in the Market, TCS (20 lacs) Suzlon (1.78 crores) DLF Unitech (19 lacs) were the most active counters, on the other hand some short position added in Metal counters like Tata Steel, Sterlite, JSW Steel.

SUZLON ENERGY:

Major support 77

Big move on the card.....in either side

Highest accumulation in Open Interest

1.78 crore shares......

HCC:

Trend Decider 102, resistance 110, support 91 83. Last and final hurdle exit 113, thereafter it will test 140 or above.
Looks hot.

RCOM:

Strong reversal from the lower level. Now consider support 231 for long position..... Above 278 target 293-299 or above.

BANK OF INDIA:

Today above 366 one side move and buying opportunity .

AXIS BANK:

Hold 826 target 944, 1035 thereafter more up side.

FSL LTD :

Keep a stop loss 18 and buy for target 30 before expiry Please do not buy for rs. 1-2

SBI:

We are long above 1600....... Today support 1690-1700, hold it will test 1790 or above. As long as 1700 remain position.

TCS:

Remember we are long stop loss 368 and above 402 more bullish and our target 491-542 ultimate.

SAIL: 

Keep a stop loss 161 and play for long target 180-190 or above. Two close below 161, non stop target 141 but buying opportunity.