We may see a positive opening for our markets on the back of firm cues from the global arena and is expected to move sideways. Later in the second part we may see value buying coming in again.

sensex (17868)

Sensex has resistance at 17926, 17987 18079. Support at 17842, 17825 and 17790 and a freefall.

NIFTY (5367)

Resistance at 5377, 5399 and 5415. Support at 5359, 5349 and 5330.

RECOMMENDATIONS

1)    CROMPTON (276)

Support at 262 below it can test 256 (Buy at declines). Resistance is there at 277.9 above it can test 285 and 289.

2)    TATA CHEMICALS (336.65)

Support at 331 and 325 (Buy at declines). Resistance at 339 above it can test 345 and more.

3)    SADBHAV ENGG (1336)

. Resistance at 1350 if moves up it can test 1376 and 1400. Support at 1315 and 1301 (Buy at lower levels)

4)    BAJAJ AUTO (2688)

Resistance at 2699 above it can test 2715 and 2738 above all round buying. Support at 2662 and 2645... (Buy at declines)

5)    BRITANNIA (1967)

Support at 1945 below it can test 1939. (Buy for medium term). Resistance at 1985 and 2002 above it can test 2048 and 2100 plus in the short term.

DERIVATIVE STRATEGIES

BUY BAJAJ AUTO FUTURES AROUND 2642

SELL ONGC FUTURES AROUND 1255