Markets For 24/02/2009

NSE INDEX (2736.45)

Resistance : 2745 / 2780 / 2825 / 2845

Support : 2700 / 2665 / 2630

SENSEX (8843.21)

Resistance : 8910 / 8975 / 9035 / 9110 / 9180

Support : 8830 / 8800 / 8755 / 8670

NIFTY FUT (2723.15)

Resistance : 2750 / 2780

Support : 2720 / 2690 / 2660

BANK NIFTY (3934.35)

Resistance : 3950 / 4000 / 4050

Support : 3885 / 3835

MKT COMMENTS

NIFTY FUT OI (both series) up with increasing volumes indicating forming of fresh short positions in next series.

We expect NIFTY FUT to show bounce with volatility.

On Tuesday,Opening is Flat to Down

Stay Short Below 2730,Sl Above 2750,Tgt 2700-2675-2655

Sustain Above 2760,Sell with Sl Below 2740,Tgt 2780-2805-2825

Buy SIEMENS Above 225

Buy SBIN Above 1045,Tgt 1060/80 (Positional 1110-1135),Sl 1025

Buy GESHIP 169/72,Tgt 177.5/180/82 (Positional 185-888),Sl 165

Buy ASIANPAINTS Above 800,Tgt 810-820-840,Sl 785

Buy MARUTI Above 630,Tgt 640-650-675,Sl 620

Buy RANBAXY Above 205,Tgt 210-215-225,Sl 200

Sell VSNL Below 390,Tgt 380-375-355,Sl 400

Sell SBI Below 1040,Tgt 1035-1020-995,Sl 1055

Sell L&T Below 620,Tgt 610-600-575,Sl 630

Sell LICHSGFIN Below 200,Tgt 195/90,Sl 205

FEB FUTURES

Buy TVSMOTORS @ 18.5,Sl 18.1,Tgt 18.8/19.1/19.5/19.8/20.1 (Lot Size : 2950)

TATATEA (543)

Buy with,Sl 520,Tgt 555/570

Sell SYNDIBANK @ 61/62,Sl 64,Tgt 60.9/60.3/59.7/59.4/59.1/58.5/57.3/56.7/56 (Lot Size : 1900)

ACC (553.75) : Positional Trader can Sell with Sl 575,If Same day Sustain Below 535 then more correction.

Position trader Buy 520 March Put,with SL 575

BHARTI (642.45) : Sell,with Sl 655,Tgt 635-30-25

RIL (1254) : Sell@ 1265/75,with Sl 1290,Tgt 1240/1220

Position trader Buy 1200 March Put