Markets For 05/01/2009

NSE Index (C-3046.75) : 2975-3150 is Weekly Range for NIFTY

Resistance : 3050 / 3080 / 3100-10 / 3140-60 / 3185

Support : 3020 / 2990 / 2945 / 2900

BSE Sensex (C-9958.22) : Buying Expecting Once SENSEX Starts Trading Above 10070

Resistance : 9965 / 10065 / 10170

Support : 9855 / 9755

Nifty Future (C-3053.60)

Resistance : 3060 / 3090 / 3125

Support : 3020 / 2985

Bank Future (C-5199.85)

Resistance : 5275 / 5350

Support : 5190 / 5115 / 5030

MKT COMMENTS

NIFTY FUT OI down 1.08% with 51% increasing volumes indicating short covering.

We expect NIFTY FUT to trade positive with volatility.

Technicals R Improving , But V C some Weakness Below 3035.
Use Weakness to Buy Till 2950 Holds
i.e Sl for Longs : 2950
Nifty had Strong Res @ 3126

On the Monday ,Opening is Flat to Up,

Stay Long Above 3050,Sl Below 3035,Tgt 3070-3095-3110/25,

Sustain Below 3040,Sell with Sl Above 3055,Tgt 3025/15-2990-2975-2950-2900.

Or

Positionally

NIFTY BUY ABOVE 3120,Sl 3090,Tgt 3145/3175/3195/3240
NIFTY SELL BLOW 2965,Sl 2995,Tgt 2940/2915/2880/2830

STOCKS To WATCH For TOMORROW ,in BUY ZONE :
INDIA INFO, R.POWER, RPL, BHEL, UNITECH, GMR INFRA, DLF, REL INFRA, BANK OF RAJASTHAN, BHARTIARTL, BOBBAYDYIENG, ACC, GGVKPOWER, RIL
SL 1.5% TO 2% TGT 5 TO 15%UP

POSITIONALLY

VALUE BUY-LAKSHMI MACHINE-ZERO DEBT CO,ORDER BOOK 5000cr ++,book value 614 trading at 635.our target 2089.upisde of 229%.

BUY DELIVERY OF SOUTH INDIAN BANK KEEP STOP LOSS OF 60 ON CLOSING BASIS AND TARGET ARE 64-68.

Buy CIPLA Above 195

Buy RANBAXY Above 255,Tgt 260-265/270,Sl 250

CROMPTON GREAVES : Buy Above 150,Sl 145,Tgt 155/158/60

GESHIPPING : Buy Above 230,Sl 225,Tgt 239-40

Buy BOB Above 290,Tgt 295-304-325,Sl 280

Buy BHEL Above 1420,Tgt 1440-1465-1520,Sl 1395

Buy M&M Above 290,Tgt 295-305-325,Sl 280

Buy TECH MAHINFRA Above 275,Tgt 85-90-95,Sl 70

Buy ABIRLANUVO Above 570,Tgt 580-90-600,Sl 560

Sell BOMDYEING Below 205,Tgt 200-195-185,Sl 210

Sell BPCL Below @ 365,Tgt 360-355-345,Sl 370

Sell L&T Below 820,Tgt 815-800-775,Sl 835

TATA POWER (771) Sell with Sloss Above 785,Tgt 760-755.

IBN18

Buy Above 107,Sl 106,Tgt 108/110

Sell Below 105,Sl 106,Tgt 103/101

ZEEL

Buy Above 139,Sl 138,Tgt 141/144

Sell Below 137,Sl 138,Tgt 135/133

RAJESH EXPORTS
Buy Above 26.8,Sl 26.4,Tgt 27/29
Sell Below 26,Sl 26.6,Tgt 25/24

KARUTURI GLOBAL

Buy Above 19,Sl 18.3,Tgt 20
Sell Below 18,Sl 18.5,Tgt 17

PUNJ LLOYD
Buy Above 160,Sl 158,Tgt 162/167/170
Sell Below 157,Sl 159,Tgt 154/151

HDIL
Buy Above 146,Sl 144,Tgt 148/153/157
Sell Below 142.5,Sl 145,Tgt 140/137

RELIANCE INFRASTRUCTURE
Buy Above 403,Sl 398,Tgt 415/433
Sell Below 395,Sl 400,Tgt 384/367

DLF
Buy Above 302,Sl 300,Tgt 308/317
Sell Below 298,Sl 301,Tgt 293

TATASTEEL
Buy Above 232,Sl 230,Tgt 234/239
Sell Below 228,Sl 231,Tgt 226 220

UNITECH
Buy Above 46.5,Sl 46.2,Tgt 48/49/51
Sell Below 46,Sl 46.4,Tgt 45/43

FUTURES (Positionally) : ( Avoid Buy in Last Hours )

INDIA INFOLINE(C-67.9): Daily Chart Looking Strong:

Buy Around 64 ,Tgt 73+++,Support 59/50

NAGAR CONSTRUCTION(C-84.6): Daily Chart Looking Strong:

Buy Around 82,Tgt 90+++,Support 77/69

RELIANCE COM(C-250.95): Weekly Chart Looking Strong:

Buy Around 235,Tgt 270+++,Support 215/180

CHAMBAL :JAN FUTURE 41.80

Buy Around 40.5-41.5,Sl 39,Tgt 43.80/45/47.5++ levels.

Buy GITANJALI @ 75,Sl 74,Tgt 75/76/77/78/79/81 (Lot Size 500)

REL (630.5) : Buy @ 615,Sl 595,Tgt 630/640 Or If Open High Sell @ 650/55,Sl 665,Tgt 635/625/620

RIL (1284) : Buy @ 1270,Sl 1245,Tgt 1300/10 (If Open Above Tgt, Avoid Buy in Last Hrs) If Open High then Sell @ 1320/25,Sl 1330\35,Tgt 1300/1290/1280

Buy 1280Pa For INTRADAY

SBI : Buy @ 1220,Sl 1300,Tgt 1335/45 Or Open High then Sell @1350-55,Sl 1380,Tgt 1325/20/1310

Sell ZEE @ 139,Sl 141 Tgt 137/137/135/134/133/131/130/128 (Lot Size 700)

Gold Technical 1st P.P Resis at 889, 4week high of 892, 2nd P.P Resis at 900, 38.2% retracement 52 week high of 908 and 14day RSI at 70% 912

>>>Crude Oil Outlook>>> Crude Oil Ready 2 Crack Soon; We'r Expecting Big Fall