Markets For 19/12/2008

NIFTY (3060)

Supports : 3035 / 3010 / 2985 / 2965-50 / 2905 / 2860 / 2835 / 2760

Resistance 3085-95 / 3115-30 / 3170 / 3195

SENSEX

Support : 9770 / 9510-35 / 9465 / 9210

Resistance : 10120 / 10245 / 10400-415 / 10670

NIFTY FUTURE (3076)

Support : 3025 / 2990 / 2975 / 2870

Resistance : 3110 / 3135 / 3150/ /3195

MKT COMMENTS

NIFTY FUT OI down 8.80% with 3% increasing volumes indicating short covering and Rollover to next series.

We expect NIFTY FUT to trade positive with volatility.

On the Friday ,Opening is flat to up,

Stay Long Above 3050,Sl Below 3030,Tgt 3095/3115/3150/3170/3240

Sustain Below 3025,Sell with Sl Above 3045,Tgt 2985/2965/2865/2700.

Buy BANKNIFTY DECFUT 5150-5160,Tgt 5225/5350,Sl 5090

Buy POWERGRID Dec Fut @ 80,Sl 79,Tgt 80/81/81/82-83/83-84/86/87/88 (Lot Size 1925)

Buy MARUTI Dec Fut Above 535,Sl 525,Tgt 540/545/550/555-560/565/575-580 (Lot 200)

ONGC Dec Fut (732.85) : Buy @ 720/25,Sl 705,Tgt 750/765 , If sustain above then 785 may also next day

SBI Dec Fut (1296) : Buy @ 1260/1280,Sl 1245,Tgt 1305/1325,If close above 1348 next day / position long hold with SL 1245

TATAPOWER Dec Fut (726.9) : Buy @ 715/720,Sl 705,Tgt 730/740/750, If close above it then hold otherwise book profit

Sell ABAN Dec Fut Below 755,Sl 780,Tgt 750/745/740/735-725/715/710/700-695/680 (Lot Size 50)

Buy BHARTIARTL 720CA @ 15,Sl 8,Tgt 21-27

ONGC LOOKS HOT N FIREY IF IT CROSS 741 IN CASH AND 729 IN FUTURE

Buy HDIL 150-152,Tgt 158/160,Sl 146
Buy AXIS BANK 530-535,Tgt 542/555,Sl 524

Buy JAI CORP 108-110,Tgt 114/119,Sl 106

Buy YES BANK@CMP,(ONE MONTH TARGET) 95/(MEDIUM TERM) 135,Sl 65

RELIANCE (1360): Buy Reliance above 1360,Sl 1335

Tata Powers (727) Buy with stop loss below 715 tgt-741-755

Buy BHARTI Above 705-710,Sl 700,Tgt 715/725/735

Buy GITANAJLI Above 75,Sl 70,Tgt 80/85/90

Buy STERLITE IND Abv 280

Buy IVRCL INFRA Above 150,Sl 145,Tgt 155/160

Buy ACC Above @ 510,Tgt 540-570-585,Sl 495

Buy BPCL Above @ 375,Tgt 385-400-405,Sl 365

Buy GAIL Above @ 210,Tgt 220-225-230,Sl 205

Sell GRASIM Below @ 1225,Tgt 1205-1185-1135,Sl 1240

Sell BHARTI Below @ 705,Tgt 695-680-655,Sl 710

Sell M&M Below @ 305,Tgt 300-290-270,Sl 310

DLF LIMITED (277.4)

BUY ABOVE 278,Sl 264,Tgt 291/306

SELL BELOW 263,Sl 265,Tgt 251/224.

INDIAN CORP LTD ( IOC)

BUY ABOVE 408,Sl 397,Tgt 415/424

SELL BELOW 395,Sl 402,Tgt 390/375.

HINDUSTANN PETROLEUM

BUY ABOVE 274,Sl 267,Tgt 285/300

SELL BELOW 264,Sl 269,Tgt 255/237

RELIANCE INFRASTRUCTURE LTD

BUY ABOVE 605,Sl 585,Tgt 625/650

SELL BELOW 578,Sl 587,Tgt 560/530

Happy & Safe Trading