NIFTY ( 3041 )
Support : 3020 / 3000 / 2985 / 2950-40 / 2935 / 2910 / 2890
Resistance : 3075-85 / 3100-3110 / 3135 / 3165 / 3200
NIFTY FUT ( 3048 )
Support : 3035 / 3005 / 2990 / 2965 / 2925
Resistance : 3095 / 3135 / 3165
SENSEX ( 9977 )
Support : 9860-40 / 9800 / 9705
Resistance : 10060 / 10145 / 10200 / 10320
MKT COMMENTS
NIFTY FUT OI marginal up with 2% increasing volumes indicating forming of long positions for BTST.
We expect NIFTY FUT to trade positive with possibility of profit booking at higher levels.
NIFTY: Nifty has immediate support around 3020-2940 and resistance is around 3100-3160. Hold Nifty long with revised stop loss of 2970 and target of 3085-3120+. We find nifty range between 3050-3250 now.
BSE Sensex (9977): Last day Sensex crosses 10 k marks for a while and close below 10k with help of RIL, ONGC, Suzlon, Hcl tech & others. Sensex will find support at 9860/9800 and resistance which are likely to come around 10200/10320. If close above 10200 levels we can expect upcoming 10940 level also. Sensex likely to be around 11000-12000 in mid-January
On Wednesday,NIFTY Opening is flat to up,
Stay Long Above 3035-45,Sl Below 3020,Tgt 3075-3110-3145-3180
Sustain Below 3015-05,Sell with Sl Above 3030,Tgt 2985-2925/15-2795.
Buy LUPIN DecFut 574,Sl 570,Tgt 577/579/582/588/594-95/599/605/611/615-17 (
RELIANCE DEC FUT 1390.10
Buy it on crossover and sustain above 1395,Sl 1370 for the Target 1410,1425,1435,1455 levels.
ONGC : Buy DecFut@ 704, Sl 680,Tgt 730/735/745 / Position long hold with SL 680
Sell HDFC DecFut 1553,Sl 1580,Tgt 1545/1537/1529/1514-16/1498/1483/1475-76/1452/1436 (
3i Infotech looking Hot for Buy
Buy ITC Above 175-180
Buy Axis Bank above 500
SBI (1238): This counter can bullish over 1240 level advised to accumulate only above 1240 for target of 1260 and higher with stop loss of 1200 as per technical view.
Educomp Solutions (2299): We see rally in this stock advised to buy only above 2310 for target of 2365 and higher in short term 1-3 days.
Buy BHARTI Above 750,Tgt 765/775,Sl 740
Buy BOB Above @ 266,Tgt 271-277-290,SL-263
Buy GRASIM Above @ 1245,Tgt 1284-1339-1461,SL-1218
Buy JPASSO Above @ 89,Tgt 91-94-101,SL-88
Sell CANBK Below @ 166,Tgt 165-161-155,SL-168.
Sell GNFC Below @ 57,Tgt 56-52-46,SL-58.
Sell HPCL Below @ 237,Tgt 234-229-218,SL-240.
TATA POWER CO LTD ( 745.65 )
Buy Above 745,Sl 737,Tgt 755/766
Sell Below 735,Sl 741,Tgt 731/714
TATA STEEL LIMITED ( 224.95 )
Buy Above 225,Sl 223,Tgt 230/235
Sell Below 222,Sl 224,Tgt 219/212
SUZLON ENERGY ( 58 )
Buy Above 58,Sl 56,Tgt 60/62
Sell Below 56,Sl 56,Tgt 54/51
RELIANCE CAPITAL LTD ( 529.55 )
Buy Above 532,Sl 530,Tgt 545/555/565
Sell Below 525,Sl 531,Tgt 515/505/500
NTPC
Buy Above 176,Sl 175,Tgt 178/181
Sell Below 173,Sl 175,Tgt 170/168
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