NIFTY :

Today resistance are 5230-5250, down side support are 5180-5141 then 5111. Bullish head and shoulder pattern indicate target are 7000 +.

BSE:  Today support are 17400, below it will come down up to 17250, higher level it will face resistance are 17600.
Close above 17800, looks hot and one side move....

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.

Down side 6000 to be watch out.....below further weakness.

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 20.01.2010 -

High 5247 - Low 5195 Close 5214

Now what to do ?

Once break and trade below 5219, down side test 5195-5166, thereafter looks panic selling which will further down side up to.......

More details to paid clients.

RELIANCE:

Today resistance are 1082-1097, down side support are 1070-1065 to be watch out and hold, bounce back can not be ruled out.

REL INFRA:

Down side strong support are 1080-1090, on closing basis likely big fall .... If hold bounce back..... close eye today trade.

BHARTI TELE

Strong Hurdle 335-336

IBREAL

today break 207, non stop target 199-191.

HCC:

Below 150 non stop target are 145, thereafter...

PUNJ LLOYD:

Below 214 to sell side.. last and final support exit 207, thereafter further fall can not be ruled out.

INFOSYS :

Time to book profit.... Short term resistance established above 2700. Lion heat traders can sell with stop loss 2710.

MPHASIS SOTWARE :

Now time to short sell........and exit long.....below 690....

STERLITE :

Broken support level... ...?...... big sell off on the card.

TISCO + SAIL

Both are near to resistance level, on reversal to sell side... today close eye....

RANBAXY :

Time to exit long and play for short sell...