NIFTY :

Today resistance are 5130-5150, down side support are 5035 if hold short term bounce back, otherwise heading towards 5000-4950 or below.

BSE:  Almost broken support are 17250-17300, now down side target are 17000, below further weakness and will test 16850 or below...

CNX IT: Almost gained 9% week to week basis. Infosys and TCS result have set a positive tone of the Indian IT sector and we think that IT Index will strong momentum is ahead.

Below 6000 no need to long... but panic to buy.

BANK NIFTY:
Financial barometer of the Indian Stock Market and Industry too. After a sharp rally significant resistance are facing at 9300-9350. On reversal to sell side, any panic to decline to buy side. Wait for correction, then enter in this sector. It will outperform in coming months.

As remain 9300 on rise to sell strategy.

GLOBAL MARKET

DOW : Dow is currency is a major bull trend from the level of 6469 and almost added more than 75% from the lower level. Over all trend is positive but it must sustained 10200-10000 mark, close above 10520 will more up side and may test 11000 mark, thereafter it will take 12000-12750... We may consider support are 10400, needed to hold, otherwise short term trend may down ward.

How to Trade

Nifty Future Today

Monthly Trend Decider - 5122

Support are 5016-4830

On 21.01.2010 -

High 5207 - Low 5073 Close 5085

Now what to do ?

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Once break and trade below 5070,down side target are 5023-5016 where as some support, thereafter free fall up to 4950.

RELIANCE:

Higher level major resistance are 1070-1075, if break 1050 with volume further weakness.

RELIANCE CAPITAL

Support broken.. now time to exit.... With consider resistance 870, break and trade below 850, likely test 820 mark easily.

RANBAXY:

Time to sell... and exit long.. support broken....stop loss a above 500.. if weakness persisting likely test 455 mark.

INFOSYS :

Below 2600 sell without second thought.

SESA GOA :

If break 380 with volume, save your financial health....otherwise you will be in trouble....

BALRAMPUR CHINI

Below 130 looks hot sell........ target are 125-121 mark in short term. Major resistance are 136.. Our first target 116..., thereafter review the same. close above 136 negated the views.

SBI:

Real weakness only below 2125 on closing basis... today resistance are 2200... ..continue trade below 2125 target are 2008