Buy on dips

Consider Major Suport

BSE - 15300-15600

NSE - 4550-4600

Traders are try to

accumulate at support level

and sell on resistance level

Bullish Break out :

IF Continue close above 4750

Nifty Target 5077-5518

Rally will face Resistance

Of 61.8% retrenchment of of Down Move

Nifty 4800 - BSE 16180

Nifty future :

Stop loss 5-10 points

Profit 50-100-150-200 points

The Nifty future closed above the 4700 mark with premium against spot. On the other hand Sept. future were saw sharp roller of 76 percent which is the highest in 2009. The overall market wide roll over at 84 percent is also higher than the three months average rollovers and most of the stocks closed and trading with premium which indicate players are not willing to short and they are bullish in Sept. series. SO WHAT TO DO IN SEPT SERIES.

We may consider strong support zone 4550-4575 and decline should be buying opportunity, A break below 4400-4350 could take the Nifty 4200-4000, however chances are very remote or any worst conditions it will achievable. As remain Nifty hold 4600 play for long side and stop loss can be adjusted suitably to protect the profits.

Weekly Trend Decider 4690

Yesterday U turn from the

Support level of 4630

Closed with the premium....

Higher level resistance 4700-4710 on reversal

Selling opportunity. Support 4635

FO ANALYSIS

Strong buying and open interest build up were seen in the market in Ispat Industries (99 lacs), Unitech (69 lacs) IFCI (11.74 lacs) DLF (14 lacs) Dish TV (7.31 lacs) Cairin India (3.95 lacs) and Hindalco (22 lacs in short side) Tata Motors closed with sharp discount against the spot close and added 9 .18 lacs shares which indicate on the short side.

NIFTY :

NSE :
Weekly trend decider 4671, resistance 4805-4878, down side support are 4598-4464.

Stop loss for long 4353 target 5077-5518. Short term support 4630-4600 as remain bull move continue. Today resistance 4685, down side support are 4630-4600-4580 where strong bounce back can not be ruled out.

Short Term Trend : Up
Next Target : 5000 +
Trend Reversal : 4400.

BSE:

BSE: Weekly trend decider 15747, resistance 16132-16342, down side support are 15537-15152.

Stop loss for long 14684 target 18104-19960.
Down side strong support 15600, 15300 where the buying opportunity, higher level it should be crossover 15821, it will show real power. Hold 15300 level it will test 16000-16700 easily.

Short Term Trend : Up
Next Target : 17000-17886
Trend Reversal : 15000

CNX IT

CNX IT: Weekly trend decider 4641. We are bullish in CNX it from the level of 3900 and our target 4600-4700 have been achieved. Now consider resistance level 4800, as hold 4600 up move continue

Short Term Trend : Up
Next Target : 5000

Trend Reversal : 4400

BANK NIFTY:
.

BANK NIFTY:
Weekly trend decider7461, down side major support 7387-7291 and resistance 7557-7631 Decline to buying opportunity. Today resistance 7500, down side below 7380 further weakness, but lower level try to catch.

Short Term Trend : Natural.
Next Target : 7800-8000
Trend Reversal : 7000

Dow : Last week of DOW is a very narrow range and week to week only 38 points gains. However, momentum are continue in bullish mode and decisively crossover 9500-9600 and closed above, it will test 10000-10300 in coming days.

RELIANCE:

Weekly trend decider 2037, resistance 2118-2162, support 1993-1911. Major support 1860, closed below negative bias only. Unable to cross 2090-2100 zone and showing weakness. Now we may consider resistance 2025, down side support exit 1980 and sustained below it will test 1950-1943. Down side strong support 1868-1850 and Major support of 200 DMA 1630. Best way to avoid this counter and volume chart are indicating its loosing strength and investors interest also.   SATYAM :Trend decider 110, resistance 120-127, support 103-93.Stop loss for long 90 and target are 125. Weekly closing basis 125 it will move up to 190.  

ISPAT INDS :

Decline to best buy with stop loss 21 and play for long side. Looks hot Above 25 on closing basis it will show real power. Today on weakness catch it.

RELIANCE CAPITAL

Weekly trend decider 846, resistance 885-898, down side support 833-794. strong support 790.... Any decline to buying opportunity with consider support 855.

DLF :

Weekly trend decider 394 resistance 435-456, support 372-332.

Looks hot but higher level major supply zone 435 to be watch out..

RENUKA SUGAR :

Trend Decider 185, resistance 193-199, support are 179-170 . Ready to break trading range... Above 191 looks hot and buy..... short term target are 232. Very hot.... see what happened above 191 non stop target 200 achieved yesterday. All sugar stocks very hot and strong accumulation seen in this segment. Every decline to buying opportunity.

TISCO:

Last and final support exit 415

Break + Close non stop target 375.

Close eye support level .

BANK OF INDIA:

Weekly trend decider 321, resistance 333-340, support 313=301. Stop loss 301 for long position

Lower level support to be watch out 300-305 .. Today on decline up to 330 buying opportunity........

BANK OF BARODA:

Weekly trend decider 427, resistance 439-451, support 415-403. Keep a stop loss 407 and play for long side. Above 435 target 450, thereafter it will show real power.