NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Today resistance 4225-4260,

Down side support 4190-4150

Over all trend is mixed... so cautious approach

Continue trade with discount against spot and added 21 lac shares in open interest suggested accumulation of short position.

Trend Decider of this week

4371

Weekly Resistance- 4501-4577

Weekly Support -4294-4164

NIFTY :

Today Today resistance 4232,crossover it will test 4250-4272, down side support 4150, below further weakness. Major support 4100, close below looks bearish only.

Short Term Trend : Down
Next Target : 3800
Trend Reversal : 4100 on closing basis.

BSE:

Today
Trend Decider 14740 We may consider major support 14000, decisively break further weakness, higher level resistance exit 14251, thereafter it will show more power.

Short Term Trend : Down
Next Target : 13500
Trend Reversal : 15500

CNX IT

Trend Decider 3531 - Today trading range 3400 to 3500 and watch out please

Short Term Trend : Down
Next Target : 3200

Trend Reversal : 3600

BANK NIFTY:
.

Trend Decider 7450. Major support 6900-7000, decisively break further weakness.

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

DOW :

DOW Thursday sell off in the Dow looks commencement of down ward likely continue Key support zone 8000-8200 must watch out. A strong close below this level down side target 7800, thereafter more pressure and re test of the March Low. Higher level resistance 8900-9000 to watch out.

FO ANALYSIS

Reliance was the most active counter followed by ITC, Hindustan Lever, ICICI Bank and Reliance Infra and added substantial open interest position. On the other hand FIIs turned net buyers to the tune of Rs. 707 crores on yesterday.

In option front shed in open interest position at higher level like 4400-4500-4600 and accumulation in lower strike price like 4300-4200 suggested call writers are switching their position from higher to lower strikes, whereas 4000 puts witnessed heightened accumulation.

RELIANCE:

Trend Decider 2063 Unable to trade above 2100 an started down ward journey....... On rise selling opportunity. Below 1900 weakness likely in persisting. As remain below 1900 target 1580 mark in short term

SUZLON ENERGY:.

Trend Decider 111. Keep a stop loss 105 and on rise sell.. down side target 90 and below in short term.

NTPC:

Trend Decider 201. Consider support 190-191.... Decline to buy for short term.

HDIL :

Trend Decider 245. Strong move from the lower level, we may consider lower level support 196 as hold decline to best buy. Today on decline to buy side please.
Looks hot, selling over by smart operators.

BHARTI:

Trend Decider 814. Decline to buy. Above 830, it will test 850 immediate. Today support 775.

KOTAK BANK :

Stop loss 585 for long position. Today resistance 626-628.

ICICI BANK:

Trend Decider 744. Major resistance zone 720-730... Hold 680 positive bias in this counter.

AXIS BANK:

Trend Decider 864. Lower level target 723. Today resistance 840-850 and selling opportunity.

MARUTI:

Trend Decider 1058
Looks good and short term buying opportunity, higher level resistance 1110-1120