NIFTY (2823.95)
Support : 2785 / 2750 / 2710 / 2690
Resistance : 2850 / 2870 / 2910 / 2935 / 2960
SENSEX
Support : 9140 / 9045
Resistance : 9355 / 9475
NIFTY FUTURE(2796)
Support : 2755 / 2715
Resistance : 2855 / 2915
NIFTY FUT OI up 29.98% with 64% increasing volumes indicating forming of short positions.
Above 2850 levels, short covering expected. Below 2800 levels more weakness.
On the Friday,Opening is Flat to Down,
Stay Short Below 2780,Sl Above 2800,Tgt 2755-2730-2705-2670,
Sustain Above 2810,Buy with Sl Below 2790,Tgt 2825-2850-2880-2925.
HERO HONDA LOOKING HOT AND FIERY
Buy BPCL Above 390/95
Buy NTPC Above 190,Tgt 195/205,Sl 185
Buy UNITECH Above @32,Tgt 35-40,Sl 30
Buy INDIAN HOTEL Above 38,Sl 35,Tgt 40/43/45+
Buy HINDALCO Above 42,Sl 40,Tgt 45/50/55+
Buy BAJAJAUTO Above 480,Tgt 495-505-515,Sl 465
Buy COLGATE Above 415,Tgt 425-430-440,Sl 410
Buy NTPC Above 190,Tgt 195-200-205,Sl 185
Sell SBIN (1099 ),Sloss Above 1115,Tgt 1075/1060
Sell SAIL Below 80,Tgt 77-75-67,Sl 82
Sell STER Below 265,Tgt 260-255-245,Sl 270
Buy Above 153.5,Sl 152,Tgt 155/158
Sell Below 150,Sl 152,Tgt 148/145
Buy Above 633,Sl 628,Tgt 640/650
Sell Below 622,Sl 628,Tgt 615/605
Buy MTNL Feb@ 72/73,Sl 70,Tgt 74.5//75.9/76.7/77.4/78.1 (
Sell TV18 Feb@ 70/68,Sl 73,Tgt 67/66/65.7/64.3/63.8/61.8 (
Rs vs $ :- weak due to pumped up dollar demand from oil importers facing month-end import commitments, with weak shares adding to the gloom.
JEERA :- extended fall sharply as traders continued to cash out of the market after prices rose more than 7% since Jan 19.
PEPPER :- extended fall sharply reversed its brief afternoon gains and ended lower on profit-booking.
SUGAR :- extended fall in volatile trade as traders speculated millers have been signing raw sugar import deals expecting a change import policy.
GUARSEED & GUM :- extended fall on profit-taking and a weak spot market. NCDEX Mar contract has risen 13% so far during the month on improved export demand amid dwindling arrivals.
MENTHA OIL :- gain on short covering & profit booking after last 3-days fall while trading seen this ahead of near month Jan contract expiry but price looks in range bound on higher exports, good demand but lower interest from stockiest.
TURMERIC :- extended fall at lower freeze of 4% due to a slight rise in arrivals and heavy profit-taking.
MUSTARD SEED / SOYBEAN :- extended fall tracking weak Malaysian palm prices and falling spot prices.
NCDEX
| Commodity | Contract | S2 | S1 | LTP | R1 | R2 | View |
| | | | | | | | |
| Barley | April' 09 | 900 | 915 | 927 | 935 | 950 | Wait for View |
| | | | | | | | |
| Castor Seed | Feb' 09 | 435.5 | 441.5 | 446.8 | 454 | 462 | Sell Below 441.5,Sl 445,Tgt 438.5/435/430/425 OR Sell Ard 453/54,Sl 455,Tgt 449/47 |
| | | | | | | | |
| Chana | Feb' 09 | 2255 | 2290 | 2316 | 2335 | 2360 | Buy Only Abv 2335,Sl 2320,Tgt 2350-60/2395-2405 Atleast in Coming Days OR Buy Arnd 2264/66,Sl 2260,Tgt 2280-85, Only Blw 2255 DownTrend Starts |
| | | | | | | | |
| Chilli | Feb' 09 | 4770 | 4850 | 4885 | 4960 | 5010 | Buy Only Abv 4980/5000,Sl 4960,Tgt 5040-50/5140-5200 OR Buy Arnd 4780-82,Sl 4770,Tgt 4825-50 |
| | | | | | | | |
| Undecorded Cotton ( | Mar' 09 | 495 | 499 | 503 | 511.5 | 515 | Sell Only Below 501/499,Sl 503,Tgt 495/Down Rally OR Buy Only Abv 511,Sl 509,Tgt 513.5/515/Close Abv Test 520/23 |
| | | | | | | | |
| Guar Gum | Mar' 09 | 3450 | 3500 | 3550 | 3600 | 3640 | Sell Below 3540,Sl 3555,Tgt 3500-3455 OR Sell Ard 3630-35,Sl 3640,Tgt 3600-3580 |
| | | | | | | | |
| Guar Seed | Mar' 09 | 1620 | 1635 | 1620 | 1670 | 1685 | Expect Price to Test 1590-1565 as Long Resist of 1660 (Sell on Rally Advisable) Fresh Sell Below 1610,Sl 1622,Tgt 1590-85 OR Sell Ard 1652-56,Sl 1660,Tgt 1640-30 |
| | | | | | | | |
| Gur | Mar' 09 | 739 | 750 | 762 | 765 | 775 | Buy Abv 765,Sl 762,Tgt 770/775/Towards 800-810 in Coming Days OR Buy Ard 743-44,Sl 742,Tgt 750/55 |
| | | | | | | | |
| Jeera | Feb' 09 | 11550 | 11650 | 11700 | 11800 | 11925 | Buy Only Abv 11925,Sl 11875,Tgt 12000-10/12090/12150/Uprally OR Sell Only Below 11575,Sl 11630,Tgt 11515-11425 |
| | | | | | | | |
| Kapas SN | April' 09 | 487 | 492 | 496 | 500.5 | 504 | Sell Below 493/492,Sl 495,Tgt 492/Below Towards 485 OR Sell Ard 503-504,Sl 505,Tgt 500-495 |
| | | | | | | | |
| Maize | Feb' 09 | 832 | 845 | 851 | 862 | 873 | Sell Below 845,Sl 852,Tgt 835-30/Below Down Rally OR Sell Ard 868-70,Sl 873,Tgt 860-55 |
| | | | | | | | |
| Pepper | Feb' 09 | 12100 | 12275 | 12100 | 12575 | 12700 | Expect Price Towards 11700-11500 as Long Resist 12600 (Sell on Rally Advisable) Sell Below 12050,Sl 12150,Tgt 11900-850 OR Sell Ard 12360-375,Sl 12400,Tgt 12250-200 |
| | | | | | | | |
| Potato | Mar' 09 | 545 | 555 | 565 | 570 | 578 | Wait for View |
| | | | | | | | |
| RM Seed Jaipur | Feb' 09 | 489.5 | 494 | 492.7 | 506 | 510 | Sell Below 489-87,Sl 491.5,Tgt 485/Towards 472 in Coming Days OR Sell Ard 500-501,Sl 502,Tt 497-95 |
| | | | | | | | |
| Sugar M 200 | Feb' 09 | 2020 | 2035 | 2055 | 2080 | | |
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