Markets For 31-12-2008

NSE Index (C-2979.50)

Resistance : 3015 / 3060-70 / 3090 / 3120

Support : 2960 / 2930-20 / 2860 / 2840

BSE Sensex (C-9716.16) : Buying Expecting Once SENSEX Starts Trading Above 9775 , Till Then Be Stock Specific Only

Resistance : 9835 / 9955

Support : 9665 / 9545 / 9375

Nifty Future (C-2986.90)

Resistance : 3035 / 3070-80

Support : 2965 / 2925 / 2860

Bank Future (C-5076.00)

Resistance : 5170 / 5260

Support : 5050 / 4955 / 4840

MKT COMMENTS

NIFTY FUT OI down 1.68% with flat volumes indicating unwinding of long positions at higher levels.

We expect NIFTY FUT to trade volatile with possibility of profit booking at higher levels.

On the Wednesday ,Opening is Flat to Up,

Stay Long Above 2970,Sl Below 2955,Tgt 3015-3035-3055-3105,

Sustain Below 2955,Sell with Sl Above 2970,Tgt 2930-2910-2855/45-2725.

SATYAM COMPUTER
Buy Above 162,Sl 156,Tgt 168/175
Sell Below 154,Sl 156,Tgt 149/138

BPCL

Buy Above 387,Sl 380,Tgt 392/400
Sell Below 378,Sl 382,Tgt 374/362

J.P. ASSOCIATES
Buy Above 84,Sl 82,Tgt 86/89
Sell Below 81,Sl 82,Tgt 80/76

CENTRAL BANK
Buy Above 40,Sl 40,Tgt 41/42
Sell Below 39,Sl 40,Tgt 38/37

WIPRO

Buy Above 238,Sl 236.Tgt 241/245

Sell Below 234,Sl 236,Tgt 230/227

HINDUNILEVER

Buy Above 255,Sl 252,Tgt 258/261+

Sell Below 250,Sl 252,Tgt 246/242+

AURO PHARMA : Buy Above 165,Sl 160,Tgt 170/175

ALLAHABAD BANK : Buy Above 51,Sl 50,Tgt 53++

Buy ADLABS Above 175/77

Buy CAIRN Above 175,Sl 170,Tgt 180/85/90

Buy ABAN Above 650,Sl 630,Tgt 690/715/40

Buy ABB Above 450,Sl 445,Tgt 455/60/70

Buy BANKINDIA Above 295,Tgt 300-305-320,Sl -285

Buy BHARTI Above 725,Tgt 735-750-785,Sl 720

Buy JETAIRWAYS Above 200,Tgt 210-215-240,Sl 195

Sell MASTEK Below 160,Tgt 155-150-145,Sl 164

Sell TATASTEEL Below @ 215,Tgt 210-205-195,Sl 220

Sell GRASIM Below @ 1235,Tgt 1215-1190-1135,Sl 1240

TATAPOWER (740) Sell with Sl Above 725,Tgt-751-760

FUTURES

Buy CROMPTON GREAVES Jan @133,Sl 132,Tgt 134/136-137-138/139/141/143 (Lot Size 500)

HDFC BANK (C-1019) : Buy Arnd 1015-20,Tgt 1035+++,Sl 995 ( Positional Traders Buy With Sl 985)

PUNJAB NATIONAL BANK (C-531.1) : Buy Around 520-25,Tgt 540+++,Sl 510

RENUKA (C-70.10) : Buy Around 68-69,Tgt 73+++Sl 66 ( Positional Traders Buy With Sl 63)

RELIANCE COMM (C-228.15) : Buy Arnd 220-25,Tgt 235+++,Sl 215 ( Positional : Buy With Sl 205)

REL (585.25) : Buy @ 570-75,Sl 555,Tgt 595/605

RIL(1249) : Buy @ 1230-35,Sl 1220,Tgt 1260/1270

SBI(1289) : Buy @ 1270-75,Sl 1255,Tgt 1290/1310/1320 (If Open High Sell for Intraday @ 1315-25,Sl 1340,Tgt 1285/1275

Sell FINANCIAL TECH Jan @515,Sl 521,Tgt 511/509/507/502-496/491/488-483/475/470(Lot Size 150)

Happy & Safe Trading