NIFTY FUT OI down 12.33% with 3% decreasing volumes indicating short covering and Rollover of short positions to next series.
Opening is flat to down,
On the Thursday (23-10-2008)
If Nifty Future crosses the level of 3095 then it can go up to the level of 3135/3155/3185/3230/3250/3330 [Sl:Below 3085],
but if Nifty Future trades below the level of 3085 then it can go to the level of 3045/3000/2945/2900/2820/2780/2740 [ Sl:Above 3095 ].
SUPPORTS : 3015/3000/2945/2925
RESISTANCE :3115/3180/3230/3290
SENSEX
SUPPORT: 10130/10080/10035/9980/9900
RESISTANCE : 10260/10385/10580/10625
SUPPORT : 5075-Weak/4990/4880
RESISTANCE : 5185/5300/5500
Intraday:
Tata Powers (Last closed = 752 ) Sell with stop loss abv 768 tgt-743-737.
Rel Cap
Buy Abv 665,Sl:659,Tgt:672/681
Sell Blw 652,Sl:658,Tgt:645/637
ITC
Buy Abv 172.5,Sl:171,Tgt:174/176
Sell Blw 169.5,Sl:170.8,Tgt:167/165
IndiaBulls Buy Abv 112-112.5,Sl:109,Tgt:117/119
Positional :Sell ABB Fut Below 605-610

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