NSE :
Stop loss for long 4380 target 5077-5518. Consider resistance 4600-4620, down side support 4550, below it will take support 4550-4510.

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 15443, below it will come down up to 15300, higher level resistance 15650,crossover it can move up to 15850.

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.

Today resistance 7550, 7600, below 7400 further weakness.

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

Over all in all the momentum counters witnessed shed in open interest like Rel Capital, Aban, HDIl, Reliance, FSL, MPRL, Ispat which indicate profit booking. On the other hand Suzlon accumulated of 33 lacs shares were on the short side.

RELIANCE:

Looks hot and it will lead the rally in coming days. We may consider support 1850 and traders can buy in declines. Today support 2025-2010 and buying opportunity.

DLF :

Lower level 380 is to be watch..... out and decisively break with volume selling opportunity.

TISCO:

Support broken, time being it will face resistance 465-470.. lower level support 435.

SAIL:

Keep a stop loss 161 and hold your long position, today resistance 175, if unable to cross and sustained, selling opportunity of this counter.

ICICI BANK:

Strong support zone 720-725 and decline to best buy... Today support 750...... below further weakness... lower level strong buying force will be emerged

TELCO:

Looks good. Strong support zone 390-400.....On reversal of this zone, over all buying .......likely