Bulls are loosing control

Market may slide further

Nifty Major Support

4925-4833-

BSE - 16270-16000

NIFTY :

As expected Nifty was break down their support level 5180 and almost it was test 4955. Now we may consider support are 4944-4925 and decisively break will further down ward pressure and test 4833. If unable to hold this level non stop target are 4538 (previous resistance) Higher level some resistance are 5080-5160 to be watch.

Trend Decider of this week are 5095.

Today resistance are 5050, down side below 5000, it will test 4944-4925-4910 on the card.

BSE:

Last week was recorded the meaningful decline and break down their major support zone 17250. Due to weakness in US market on Friday also suggests that more down side in coming days. On a weekly front we may consider resistance are 17000-17290, down side support are 16560-16270 and break down this range non stop target are 15330.

Trend Decider of this week are 17045.

Today resistance are 16822, break and trade below 16600 further weak weakness up to 16501.

CNX IT: Trend Decider of this week are 5953

Almost broken major support level and more down side further. Today resistance 5950, below 5814 target 5750-5711 on the card.

BANK NIFTY:
Trend Decider of this week are 8875. Financial barometer of the Indian Stock Market and Industry too. After a sharp rally significant resistance are facing at 9300-9350 and unable to cross starting down ward journey.

Today resistance are 8875, below 8650 target are 8551-8500 also watch out.

GLOBAL MARKET

DOW : The Dow closed sharply lower for the third day in a row on Friday due to concerns about proposed changes in US Banking regulations. The sell off on US market was accompanied by a faint touch of panic as traders rushed to unwind positions are the long awaited correction finally rolled out. The low range close sets the stage for a steady to lower opening on Monday. Over all index has breached its medium term trend line and long term moving average implies that the current volatility likely continue in the global market. Now we may consider first resistance are 10564 -10590, down side support are 10157-10100, break down of this range decisively with volume dow can decline further up to 9678.

How to Trade

Nifty Future Today

Monthly Trend Decider - 5085

Support are 4880-4741

Strong Resistance -5224

RELIANCE:

Trend Decider of this week are 1066 Higher level major resistance are 1070-1075, down side support are 1030-1020, close below this level further big sell off in coming days.

ONGC:

Trend Decider of this week are 1146 Below 1180 why u r long in this counter.... Lower level support are 1090-1102 to be watch out today also (Yesterday hold our support level

UNITECH:

Trend Decider of this week are 82 Major resistance are 85-86 and sell side...now down side target are 75 or below

IDEA :

Today sell on rise with stop loss 64... down side target are 60-58 or below. Trend Decider of this week are 60

SESA GOA :

Consider support are 385-400 to be watch out for buy side. Below further weakness.....
Broken support range, rise to sell side with consider resistance are 400 above

RCF, HIND COPPER

APOLLO TYRES ,NMDC

Panic to buy side

BANK OF INDIA

Real strength show only above 403, time being consider resistance 396. down side support exit 380, below, first sign of bulls loosing control.

ACC

Decisively break 880, big sell off.....