Nifty Heading Towards

4700-4750

Nifty future :

Short term target 4680-4700

Thereafter big sell off can not be ruled out

Today support 4636-4605

Strong Roll over in Sept Series

in long side.

FO ANALYSIS

Nifty August future closed with premium which indicate short covering and long position and rollovers were mainly on the long side.

In options front, unwinding of long positions were seen in calls and put options, however 4700-4800 calls and 4500-4600 were the most active counters in Sept. series.

In Stock future, Suzlon were the most active counter and healthy accumulations, followed by Unitech, ICICI Bank and Tisco FIIs were net buyers to the tune of Rs. More than 1500.00 crores on Monday trading.

NIFTY :

NSE :
Weekly trend decider 4487, resistance 4620-4713, down side support are 4394, 4261.

Stop loss for long 4353 target 5077-5518. Consider support are 4500-4520 and decline to buying opportunity, higher level resistance 4690-4700, thereafter some supply can not be ruled out.

Short Term Trend : Up
Next Target : 4350
Trend Reversal : 4700-4750
 

BSE:

BSE: Weekly trend decider 15070, resistance 15455, 15669, down side support are 14854, 14469.

Stop loss for long 14684 target 18104-19960.
Today crossover support 15500, crossover 15676, it will show more power and it will test 15800.

Short Term Trend : Up
Next Target : 16000-16200
Trend Reversal : 14200
 

CNX IT

CNX IT: Weekly trend decider 4320. Stop loss for long 3900 target 4603. Today above 4500, it will show real strength.

Short Term Trend : Up
Next Target : 4500

Trend Reversal : 4000

BANK NIFTY:
.

BANK NIFTY:
Weekly trend decider 7250, down side major support 7000-6950. Decline to buying opportunity. Today above 7536 target 7600-7650 and above.

Short Term Trend : Natural.
Next Target : 7800
Trend Reversal : 7000

  BSE REALITY (3963)Stop loss 3564 for long target 5537 6635.  

GLOBAL MARKET

Dow
: Dow a continue trading above the resistance level 9000 consecutive of few weeks which is a strong bullish sign. Over all higher level first target near to 9600 could be test. As remain hold 9000-9300 zone likely test 10000-10300.

The Shanghai Composite Index : are a culprit in the world market, but likely pull back rally in the short term. Lower level consider key support near to 2700-2800, in case it close and break below, serious correction, otherwise it will test 3200 in short term.

The other Asian Index also did well like Hang Seng, KLSE Composite, Nikkei, Jakarta Composite, Taiwan Weighted Index, Lower level over all buying opportunity.

RNRL :

Weekly trend decider 81.50, resistance 85-88.50, down side support 78, 74.

Strong support 78.... Crossover 83 and close above, it will show real move and play for long side stop loss 78.

LT

Weekly trend decider 1467, resistance 1534-1586, down side support 1416=1348. Yesterday closed above 1530 which is strong bullish sign and buying opportunity for target 1600 + or above.

CESC :

Stop loss 291 for long position. Bullish break out with volume target 367 +. Our target are intact, yesterday closed 350.

  HDIL :Weekly trend decider 278, resistance 290-301, support are 267-255. Lower level to be watch out 240-249...... and buying opportunity. Lower level support are 290 hold it will test 300-305 easily
  IBREALWeekly trend decider 243 resistance 271-285, support 229-202. Looks hot, stop loss 214 for long position.Looks good and decline to buying opportunity. Hold 267 non stop target 296 or above
 

ANSAL INFRA

Today decline up to 67-68 buying opportunity, above 73, one side move . Catch it if you can.

VDO CON IND.

Decline to buy.. Above 226 and hold with volume target 249 or above

NOIDA TOL

Looks hot ....with consider support are 40-41, above 42 target 43, thereafter one side move. Buy for delivery.

FORTIS HEALTH CARE

Unexpected price in coming days.. buy and forgot. Heading towards 135-158.

MADHUCON PROJECT

Decline to buy for first target 235 or above.