NIFTY : After a made a low of 4675 in last week, some buying were saw and resulted more than 150 points moved from the lower level. Over all trend is down and we may consider strong support exit 200 DMA are 4676, break and close below likely test 4538-4475-4400-4350. Higher level it will face continue resistance are 4930-5000-5024.

Trend Decider of this week are 4782, support are 4715 4600, resistance 4896 4963.

Today support are 4800-4780, break below, first sign of weakness and closed your long position on intra day basis, higher level resistance are 4860-4890.

BSE: Time being support are established of 16550 higher level resistance to be watch out 16200, successfully crossover will take up to 16450-16500 level, whereas the supply can not be ruled out.

Trend Decider of this week are 16002, support are 15802-15451, resistance are 16353 16553.

Today we may consider support are 15928-15910, as trade and sustained above 16200 will test up to 16261-16350.

CNX IT: Trend Decider of this week are 5574, support are 5467, 5288 resistance are 5752-5858.

Above 5500 looks good and some more up side which will take up to 5800 mark.

BANK NIFTY:

Trend Decider of this week are 8332 support 8203-8018 resistance are 8523-8646.

Today resistance are 8500, down side support are 8250-8200, below further weakness.

GLOBAL MARKET

DOW : Over all trend is bullish but it must hold 9800 level in coming days, higher level resistance are 10200, its need to strong close above these levels to negated the bearish view.

Knowledge Centre

Above The Market

What Does Above The Market Mean?

An order to buy or sell at a price set higher than the current market price of the security. Examples of above the market orders include: a limit order to sell, a stop order to buy, or a stop-limit order to buy.

ANSWER :

This is a strategy that is often used by momentum traders. For example, a stop order would be placed above the resistance level to buy. Should the security's price break through the resistance level, the investor may be able to participate in the upward trend.

How to Trade

Nifty Future Today

Monthly Trend Decider - 4782

Support are 4715-4600

Strong Resistance -4896-4963

Consider support are 4800-4780 hold bull favour, crossover 4850 and hold, will take up to 4880-4896.

RELIANCE:

Trend Decider of this week are 1003, resistance 1032-1048, support 987-859. Consider support are 980, higher level resistance are 1030, thereafter non stop target are 1050-1055. Lower level to buy side. Medium term trend is down.

ONGC:

Trend Decider of this week are 1104, resistance 1133-1167, support are 1070-1041. Consider resistance are 1122-1125 as remain bearish view and down side target are 1070, 1020 likely.

UNITECH:

Trend Decider of this week are 73.30, resistance 77-79.50, support are 71-67. Stop loss 69 and buy side.

BHARTI

Trend Decider of this week are 311, resistance are 322-330, support are 303-292. Higher level resistance are 318-320...and sell side......

SBI: 

Trend Decider of this week are 1924, resistance are 1964 2010, support are 1877-1837.
Down side support are 1850-1880 range and it should not close below that level, higher level resistance are 1950-1960 then 2000. On corrective rally exit opportunity.

STERLITE :

Trend Decider of this week are 758, resistance 788-808, support are 738-709.
Down side support and stop loss 720...if hold short term positive bias. 780-800, thereafter real bull run start.

ICICI BANK:

Below 850 do not remain long in this counter... Trend Decider of this week are 820, resistance are 8550885, support are 791-755. Looks trend will change from bearish to bullish with consider support 780-800 range, decisively break out 850 mark will move non stop 930 mark in short term..

EDUCOM COMPUTER

Looks worst is over and ready to move... with consider support are 623..... and buy side... unexpected move in coming days