NSE INDEX (C-2873.00)
Resistance : 2935 / 2990
Support 2870 / 2810 / 2750
BSE SENSEX (C-9406.47)
Resistance : 9430 / 9610 / 9810
Support : 9225-Weak / 9050
NIFTY FUTURE(C-2863.00)
Resistance : 2865 / 2925 / 2990
Support : 2800 / 2740
BANK FUTURE(C-4896.30)
Resistance : 4940 / 5050 / 5200
Support : 4790 / 4680
MKT COMMENTS
NIFTY FUT OI up 2.36% with 17% decreasing volumes indicating forming of long positions on expectation of bounce.
We expect NIFTY FUT to trade volatile. Avoid overnight long positions.
On the Monday ,Opening is Flat to Down,
Stay Short Below 2870,Sl Above 2880,Tgt 2845-2810-2740,
Sustain Above 2870,Buy with Sl Below 2850,Tgt 2895-2935-2990
WITH THE RETROGRATION OF MERCURY AUTO SECTOR AND CEMENT SECTOR ALONG WITH SOME STOCKS LIKE MCDOWELL,RNRL,DCB,RIL WILL OUTPERFORM IN THE WEEK
Buy UNITECH Above 35,Tgt 40-45-54,Sl 30
Buy ITC Above 170,Tgt 175-180-195,Sl 170
TATA POWER(750) Sell with Sloss Above 765,Tgt 725-710
Sell BANKINDIA Below 280,Tgt 275-265-255,Sl 285
Sell CMC Below 285,Tgt 270-250-245,Sl 295
Sell SIEMENS Below 260,Tgt 240-220-210,Sl 270
Sell TATAMOTOR Below 165,Tgt 155-144-140,Sl 170
Sell PUNJ LLOYD @110-113,Tgt 105-95,Sl 120
Sell HDIL100-102,Tgt 95/85,Sl 105
Sell ICSA Below 100,Tgt 95/85,Sl 105
GUJALKALI (81.50)
Buy it on crossover & Sustain Above 81.95,Tgt 84.25/86.40/87.70/90 levels. On down side Support exists at 78.75/76.60 levels.
Sell
SBI : Strong Support...1180..Keep Stop Loss at this level for all your Longs.
Above 1240..Cover All Your Shorts and Go Long...Will Zoom..
or else...if Breaks 1180 on the downside..Exit all Your long and Go Short
RIL : Below 1140
Will Crash to Kiss 1095 & 1035 in Hrs Only.
NTPC : Buy,Tgt 180/85/190++
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