NIFTY CASH
Resistance : 2835 / 2865 / 2920 / 2960-2975-Bounce / 3030
Support : 2780 / 2725 / 2695 / 2640 / 2525
SENSEX
Resistance : 9470 / 9710 / 9840 / 9960 / 10125 / 10570
Support : 9220 / 9125 / 9020 / 8960-Crack / 8745-Crack / 8570
NIFTY FUTURE
Resistance : 2845 / 2870 / 2910 / 2945
Supports :2750 / 2715 / 2685 / 2620
Opening is flat to up,
Stay Long Above 2790 Sl Below 2770 tgt 2845-2870-2910-2945-3040
Sustain Below 2770,Sell with Sl Above 2795 tgt 2750-2715-2685-2620.
POSITIONAL : NIFTY Hold long with sl 2690,Nifty to trade between 2700-2850,
If close above 2860 our next Tgt :3040,But TGT 2510 will come ,Short at higher level.
MKT COMMENTS
NIFTY FUT OI flat with 3% increasing volumes indicating not only short covering but forming of long positions too.
We expect bounce from lower levels.Avoid going short at lower levels.
We expect some buying in heavyweights stocks that close green last day. One can look on heavyweights stock like BHEL, ONGC, ICICI Bank, RIL, SBI etc. we can see some fresh buying in these stocks. But overall the trend remained bearish until nifty move above 3k once again.
INTRADAY STRATEGY :
BUY BANK OF
Buy USHERAGRO above 153.65 sl 144 tgt 159-165-170.
ONGC : Buy @ 692/683 or best @ 690 with SL 676 T 715/720/740, close above hold for
next day T 755
RELIANCE : Buy @ 1132/1122 with SL 1100 T 1156/1167/1194, close above hold for next day T 1221+ /Position trader hold long with SL 1100
SBI : Buy @ 1140/1123 or best @ 1130 with SL 1105 T 1166/1185 / close above hold for next T 1195 +1218 + 1240 2/3 days
CROMPTON : Sell below 130 keep stoploss at 133 lower targets up to120
KOTAK BANK Sell below 330 keep stoploss at 336 lower targets 316, 312 and there after 300 too.
Buy STERLITE Above 232-233
Buy JPAssociate Above 75,Sl 72,Tgt 80/82
Tata Powers (Last closed = 747 ) Sell with stop loss above 745 tgt-706-690.
STOCKS IDEA
(FORMAT : NAME OF STOCK – CMP – STOP-LOSS - TARGET-1/2/3)
RELIANCE ( BUY ) : 1141 – 1135 - 1152/68/90
KOTAK BANK ( SELL ) : 333 – 36 - 27/20/09
BUY BELOW STOCKS ABOVE QUOTES.
Rel.Infra > 485
Tata Motors > 135
Infosys > 1175
DLF > 215
CHAMBAL > 38
NIFTY > 2810
ONGC > 670
| Scrip | Trigger | Price | Stop Loss | Target 1 | Target 2 |
| TATAMOTORS | BUY ABOVE | 142.50 | 141.25 | 144.10 | 146.30 |
|
| SELL BELOW | 139.40 | 140.65 | 137.90 | 135.75 |
| HDFC | BUY ABOVE | 1,513.80 | 1,500.15 | 1,530.45 | 1,554.15 |
|
| SELL BELOW | 1,480.85 | 1,494.20 | 1,464.55 | 1,441.85 |
POSITIONAL
BUY BHEL Above 1305/1310 & ICICI BANK Above 402/405
BUY RELAINCE SL 1100 TA 1180-1220
BHARTI AIRTEL LIMITED (SUPPORT--604----RESISTANCE--727)----BUY
HDFC BANK LIMITED (SUPPORT--956----RESISTANCE--1194)----BUY
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