Rally will face Resistance

4700-4750

Trading Range 4500-4730

MID Cap IT stocks looks hot

Nifty future :

Yesterday our clients bought 4585

And sold 4650-

Today support are 4640-4600-4580

Today Key Support 4619 -

Lower level buying opportunity.

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

FO ANALYSIS

In option front major activity were seen in RIL 2050-2100 call, Suzlon 90 call, Tisco 460 call, DLF 400 call and ONGC Sept Put option 1170 and trade in 1832 contact which is to be watch out carefully in coming days.

In stock future, Realty counters were in focus like DLF, HDIL, IBREAL, Unitech and added substantial open interest along with Suzlon. All all indicate looks positive in coming days.

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 4550-4580 hold up move continue, higher level resistance 4680-4700, crossover, it will test 4750. Looking to current market condition PE of Nifty is expensive. Today above 4660 strong bull favour.

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 15615, crossover 15740 immediate target 15800-15900 or even 16100 in short term.

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. Our target achieved, yesterday high 4600. More stems left and buy side.

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 resistance 7500-7600, down side support 7350-7300.

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.

GMR INFRA:

Weekly trend decider 132 resistance 138-142, support 129-123. Real Strength show only above 139.Keep a stop loss 130 below and play for long side.. above 145 more added in your portfolio.........

HCC:

Weekly trend decider 104 resistance 108-111, support 101-98. Down word is over and ready to up move..... we may consider support 100 and buy opportunity, above 113, it will show real power....

BHARTI

Down side major support range 365-370 and buying opportunity. If hold.....for short term period. Decline to buy only. Real strength show only above 415 if stay with volume....(yesterday high 414.90 - check our technical level)

NTPC:

Weekly trend decider 205 resistance 209-212 support are 201-297. Today likely dark horse..... Take advantage of fight between the two big persons.

RCOM:

Weekly trend decider 247, resistance 256-264, support 239-230. Major support 228. Today support 260, crossover 265, it will test 270-275.

BANK OF BARODA:

Weekly trend decider 424, resistance 442-454, support 412-395. Hold 400 no problem in this counter. Below 436 time being selling opportunity.

SATYAM :

Trend decider 101, resistance 105-111, support 95-90. Stop loss for long 90 and target are 125. Weekly closing basis 125 it will move up to 190. (Our paid clients long above 60)

ORCHID :

Keep a stop loss 95 and play for long side target 125-140. Today near to 210-213 buying opportunity. Bullish break out strong volume.