NIFTY :

Yesterday the nifty index opened with negative note, the almost all sectors of nifty

index were in red zone except the consumer goods, ITC, TATA Motors, TATA STL,

GAIL, and Unitech were the top gainer of the day, in first session the ICICI also the top

gainer but due to profit booking the stock became down at the end. there are 13 scrip

were in advanced out of 50 scrip. the index showed the weak sign yesterday but one

should wait for exit from stocks. It can be a minor break down. today the support would

be at 5239-5210-5185 and the resistance would be at 5285.

BSE:

Yesterday the SENSEX starts with negative note, and almost through out the day it was

in red zone. The all sector of BSE SENSEX were lost it's position for the previous day,

except the CG sector, it BSE SENSEX showed the weakness yesterday that could be

because of the selling pressure across all sectoral index of BSE index, one should wait

for the exit form the position. It can be trading sentiments of trader. Although the index

was beaish on chart, today the support would be at 17526, and the resistance would be

at 17661. Major support 17100-17200 range

CNX IT:

Yesterday the it index was in mix form the scrip form the mid cape were the gainer and

the scrip from the large cape were the victim of profit booking, the IT index was out

perform itself in last days, so the minor profit booking in IT index would be expected,

the selling pressure across all the sector of nifty made the IT index down. today the

support would be at 6108 and the resistance would be at 6185. Time to book profit of

large cap IT stocks.

BANK NIFTY:

Yesterday the all banking stocks were in red zone except the ICICI bank before the

afternoon session. But as the day go through the selling pressure on ICICI bank at

higher level made negative at closing time, the bank index gave the breakdown in last

week yesterday it was only a short covering of BANK nifty, the overall bank index is

weak now and banking can take a support when the policy of REPO RATE of RBI would

be announced, today the support would be at 9276 and the resistance would be at 9420

RELIANCE

Unable to cross 1140 and started down ward journey ------now down side

support are 1080 -1070, break with volume to sell side target 1050 whereas

the strong buying force come into the market can not be ruled out.

RENUKA SUGAR

We may consider support 65….. for your position. Real move only above

72.50.

DLF

Looks bearish and negative divergence on the chart. On rise to Sell stop

loss 340, down side first support 320, thereafter non stop target 292-280 in

few session

BAJAJHINDUSTAN

Now resistance are 142.. below 135 more selling pressure.

TRIVENI ENGG

We are bearish below 135 and almost our first target achieved 125…. Now

heading towards 113.

ICICI BANK:

Below 917 super hot sell…

CAN BANK

Broken support level 400--- now sell side……. Likely test………. ? consider

resistance are 410-420 .

FSL

Looks short term move over, resistance 33.50….