Market saw a good relief rally last trading session. There is major gainer in market are Sterlite, Reliance Infrastructure and losers are Gail, ONGC and Suzlon.
Bulls would wish to carry the momentum to the next trading session. However, trading might turn more volatile ahead of Thursday’s F&O expiry.
NIFTY FUTURE (2767)
Supports : 2745 / 2715 / 2690 / 2670
Resistance : 2795 / 2825 / 2850 / 2950
SENSEX (9004.08)
Support : 8850 / 8705
Resistance : 9090 / 9175 / 9330 / 9750
NIFTY (2771.2)
Support : 2735 / 2710 / 2690 / 2650 / 2620
Resistance : 2790 / 2805 / 2840 / 2855
MKT COMMENTS
NIFTY FUT OI (both series) down with increasing volumes indicating short covering.
Selling will emerge at higher levels, NIFTY FUT to show volatility.
Stay Long Above 2750,Sl Below 2740,Tgt 2775-2805-2840-2890,
Sustain Below 2735,Sell with Sl Above 2745,Tgt 2720-2665-2570.
ACC : Buy Above 485-90,Sl 480,Tgt 495/500/510
TATA MOTORS : Buy Above 140,Sl 138,Tgt 145/147/150
Buy ADLABS Above 165,Tgt 170/175,Sl 160
Buy LNT Above 645,Sl 615,Tgt 680/700
Buy SBIN (1088 ),Sloss Below 1065,Tgt 1100-1115
Buy MARUTI Above 540,Tgt 555-570—605,Sl 530
Buy HLL Above 255,Tgt 260-265-270,Sl 245
Buy ESSAROIL Above 73,Tgt 76/79/84,Sl 70
Buy FINTECH Above 480,Tgt 485/490/500,Sl 475
Sell BAJAJAUTO Below 450,Tgt 445-435-415,Sl 460
Sell BIOCON Below 100,Tgt 95-90-80,Sl 105
Sell HDFCBANK Below 890,Tgt 880-865-835,Sl 900
Sell TCS Below 500,Tgt 490-475-450,Sl 510
Sell SUZLON Sl 50,Tgt 40
Buy Above 270,Tgt 275/280,Sl 268
Sell Below 264,Tgt 260/255,Sl 266
Buy Above 1265,Tgt 1280/1300,Sl 1255
Sell Below 1240,Tgt 1225/1205,Sl 1250
Buy Above 625,Tgt 635/645,Sl 620
Sell Below 615,Tgt 605/595,Sl 620
FUTURES
Buy PANTALOON Jan @169/70,Sl 166,Tgt 172/173.8/175.5/177/178.6/180.6 (
REL (539.6) : Buy @ 515/20,Sl 510,Tgt 540/550/565
RIL (1227) : Buy @ 1205,Sl 1185,Tgt 1245/1250
Sell CENTURYTEXT Jan @ 157/59,Sl 162,Tgt 155/153.6/152/150.5/147.4/145.8 (
SBIN (1089):
Buy @ 1065/75,Sl 1060,Tgt 1095/1115/1125
Or
Sell @ 1125/1135,Sl 1145,Tgt 1090/1080

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