Consecutive Close

4800 - Fresh Bull Market

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Weekly Trend Decider 4580.

Down side we may consider strong support 4250 can break the negative in the market. Keep a stop loss 4500 and play for long side, stop loss should be adjusted suitably and protect your profit. Close above 4800 non stop target 5250.

On rise sell...with stop loss 4710

Lower level target 4635-4580

NIFTY :

NSE :
Stop loss for long 4380 target 5077-5518. Consider support 4650-4600, below it will test 4580, higher level resistance 4730, crossover it will test 4750-4780.

Short Term Trend : Up
Next Target : 4700-4800
Trend Reversal : 4400

BSE:

BSE:
Stop loss for long 14786 target 18104-19960.
Over all looks good and above 15600 it will test 15800, thereafter heading towards 16200 + in short term.

Today support 15699, below further weakness and it will test 15500... higher level resistance 16000. Above 15500 - target 16200-16400-16800 +.

Short Term Trend : Up
Next Target : 16200 +
Trend Reversal : 14500

CNX IT

CNX IT: Stop loss for long 3900 target 4603. Above 4400 only further up move, otherwise some selling pressure in IT stocks.

Short Term Trend : Up
Next Target : 4500

Trend Reversal : 3850

BANK NIFTY:
.

BANK NIFTY:
Stop loss for long 7092 target 8000,10000 thereafter fresh break out. Concentrate on Banking Index and Banking stock and coming days it will outperform and long way to journey and getting ready for fresh break out.

Decline to best buy..... Now support 7500.. Continue close above 7600 target 8000 +.

Short Term Trend : Up
Next Target : 8000-9000-10000
Trend Reversal : 7000

DOW :

The Dow was volatile in a narrow range for most part of the mark, however it was maintained their support level 9000, which is still bullish sign. As remain hold target are 9400, thereafter heading towards 9575.

FO ANALYSIS

Strong Call buying were seen in Hindalco at 110-115 call, Suzlon 100 call and Reliance are very active in call option like 2010-2040-2100, Unitech Call 100 also very active.

RELIANCE:

Consider Support 2000 and buy.........Ultimate target 2200 +.

KOTAK BANK :

We are long from the level of 600 and our short term target 700 achieved on yesterday. Our ultimate target 820-950. Very hot baby.......

GMR INFRA:

Down side support 138, two major hurdle 145-148, thereafter non stop target 160 or above. Decline to best buy...Real strength show only above 147.......

IDEA :

Below 83, do not holding long in this counter.... Selling opportunity.

TELCO:

Above 400 non stop target 500 +

JP HYDRO :

Keep a stop loss 80 and play for long....last and final resistance 100, thereafter it will explode...

HCL TECH

Entered in Overbought Zone

RSI above 90 - Fresh buying Avoid.