NIFTY : Over all trend is bullish and traders should hold their long position with stop loss at 4950. Higher level likely test in short term 5250-5310 in near term.

Today support are 5100-5080, resistance are 5140-5150, thereafter more up .

BSE: . For this week, the short term trend in the Sensex is continue up, but higher level profit booking likely continue. We may consider support are 16500 on decline and resistance are 17510-17790. Break out of this range one side move in either side. However oscillators are daily chart indicate over bought zone. Hold long position stop loss 16500 below.

Today support are 17035-17000, higher level resistance are 17200, thereafter do not remain short,.

CNX IT: Trend is still bullish. In this week 5850 are a trend decider and further up side will test 584-5950-6000 mark, whereas down side strong base building developed at the level of 5500 to be watch out.

Today support are 5800, crossover 5906, more up side.

BANK NIFTY: We think that this sector will out perform in coming months due to strong support by the Govt. and infusing of capital. This week 8975 are a trend decider and higher level it will face resistance 9171-9300, whereas the support are 8860-8650.

Today support are 8990. crossover 9180 more up side.

GLOBAL MARKET

DOW : On Friday
DOW
closed with high note due to US employment rate held steady and finally closed above 10500 level (10566) Over all trend is very very bullish and short term support are 9900-10000, two close below will show first sign of weakness, otherwise pave the way for a new high in short term which may beyond 11300.

How to Trade

Nifty Future Today

Monthly Trend Decider - 4979

Support are 4654-4500

Strong Resistance -5199-5250

As long as hold 5090 up side likely continue but it will face resistance at 5135-5161 but very cautious at every higher level, any time big slip can not be ruled out.

ESSAR OIL :

Momentum counter above 147 no problem for bulls.

DLF :

Now time to book profit and next move only above 330... but consider support are 310......

ICICI BANK:

Stop loss 875 for long position... Ultimate target are 950 +.

INFOSYS :

Multiple resistance - On rise to sell - your stop loss 2705....for short term profit.

TELCO:

Trend is very bullish...stop loss 750 for long position.... Today resistance are 822.-830.. as remain below supply continue... book profit and even play for short sell with stop loss....

RANBAXY:

Keep a stop loss 490 and rise to selling opportunity for target are 409.

UNITECH:

Your stop loss 73.. Loosing strength and weakness showing...

SESA GOA

Up move over -- exit your long...