Nifty Above 4750

Another round of Bull Market

Target 5000 -5100

On decline/dip to play for long
side, Avoid short sell.

Bank's Stock likely to Out Perform

Bullish Break out :

IF Continue close above 4750

Nifty Target 5077-5518

Nifty future :

Stop loss 5-10 points

Profit 50-100-150-200 points

On Friday strong reversal from the lower level and thanks to a positive closed with recovered most of the losses and closed with the premium of 15 points against spot . During the last week, it was saw Nifty future movement premium and discount but finally closed with discount. As regards the open interest, it was not significant and last hrs. of trading strong profit booking as well as short covering were seen. On week to week basis open interest jumped to 2.77 crores shares to 2.43 crores. We may consider go long with stop loss of 4550 of Nifty futures and it should be adjusted and protect profit. Higher level first target 4790, thereafter it will show more power.

Weekly Trend Decider 4660

Today resistance 4850-4890-4902

Today Support - 4745 - Decline to buy.

FO ANALYSIS

Strong accumulation were seen in all front line counters. Specially, smart buying were seen and long saw in Bank of India, OBC, SBI, Can Bank, Andhra Bank, ICICI Bank, Unitech, IFCI, Ispat Industries, Suzlon, and Jp Associates. Among them Ispat saw an accumulation of 1.12 crores while Unitech added more than 80 lacs.

NIFTY :

NSE :
Weekly trend decider 4664, resistance 4748-4800, down side support are 4592-4500. Monthly Trend Decider are 4586.

Stop loss for long 4576 target 5077-5518. Today support 4750 crossover 4800 and hold it will test 4825, 4861 or above.

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

BSE:

BSE: Weekly trend decider 15649, resistance 15962-16236, down side support are 15375-15062. Monthly trend decider are 15451.

Stop loss for long 15356 target 18104-19960.
Finally it was closed above the resistance level 16000, now short term target 16600 + in coming days. Every decline to buying opportunity. Above 16000 one way traffic.

Short Term Trend : Up
Next Target : 17000-17886
Trend Reversal : 13500

CNX IT

CNX IT: Weekly trend decider 4679. resistance are 4756 4808, support are 4628 4551. Monthly trend
decider 4536. Higher level resistance continue are 4700-4800.

Short Term Trend : Up
Next Target : 5000

Trend Reversal : 4400

BANK NIFTY:
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BANK NIFTY:
Weekly trend decider 7438 down side major support 7298-7153 and resistance 7583-7722 Monthly trend decider 7380. Looks hot and likely out performer in the coming days.

Short Term Trend : Natural, lower level buy only.
Next Target : 7800-8000
Trend Reversal : 7000

Dow : Last week, after decline low of 9250 strong reversal were seen and we may consider strong resistance 9500, beyond it will resumption of the up trend. On the other hand strong support 9000, close below would be the early signal of a reversal.

Shanghai Composite Index : was the culprit of the last week, but after taking a lower level support 2800 closed at 2861. Now it will face resistance 3000 mark.

IDBI :

Keep a stop loss 94 and play for long., above 109-111, it will show real power, thereafter one side move. Super Hot buy... target 115.

M&M :

Trend Decider 860 Stop loss for long 749 for target 1033-1142. From 944 high to 850.. some more decline expected up to 810, thereafter it will again resume his journey which will move beyond 1000 mark. On decline to accumulate for decent return.

DLF :

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

Strong resistance zone 435-442... real strength show only above that level on closing basis, lower level support are 410.

IBREAL

Weekly trend decider 261 . Strong accumulation in FO segment, Open interest added week to week basis almost double.

RCOM:

Weekly trend decider 282. Ultimate target are 332 and buy side. Stop loss below 290.

ICICI BANK:

Weekly trend decider 747. Today strong support 775, resistance exit 800-810, thereafter one side move, catch it.

ISPAT :

Decline to best buy with stop loss 21 and play for long side. As remain hold strong support short term buying opportunity. Above 25 it will show more power. Strong accumulation in Open Interest......t

BANK OF INDIA:

Weekly trend decider 330 Any decline to buying opportunity for target 350-365 in short term. Catch it if you can.....Banking stocks likely out perform in coming days.