Markets For 25/02/2009

BSE Sensex : (8843)

The Support for the Sensex is 8630 and the Resistance to the up move is at 9030-9157

Nifty : (2736)

Still we are in cautious levels and Dow has important role for direction of Market. Once Nifty move above 2840 and stay for 1-2 trading day then we can say worst is over for short term. Nifty has Crucial level of 2620 if break then possible 2500 or below.

The Support for the Nifty is at 2680 and the Resistance to the up move is at 2790-2830.

The government to cut service tax by 2%, to reduce it down to 10%, The government also cuts excise duty on bulk cement to 8% or Rs 290/tonne.The 8% excise duty cut applicable beyond March 31.

NIFTY (2733.9)

Resistance : 2760 / 2790 / 2830 / 2880

Support : 2705 / 2680 / 2650 / 2610

SENSEX (8843)

Resistance : 8915 / 9030 / 9160

Support : 8685 / 8630 / 8530

NIFTY FUT (2726)

Resistance : 2750 / 2780 / 2840

Support : 2690 / 2650 / 2615

MKT COMMENTS

NIFTY FUT OI (both series) up with increasing volumes indicating rollover of short positions to next series.

We expect NIFTY FUT to trade positive with volatility.

On Wednesday,Opening is Flat to Up,

Stay Long Above 2730,Sl Above 2715,Tgt 2745/60/90,

Sustain Below 2710,Sell with Sl Above 2725,Tgt 2690/50/30.

POSITIONAL HIGH RISKY TRADERS : Sell NIFTY@ 2750/70,Sl Above 2790,Tgt 2675-2650

Buy AMBUJACAM above 69

Buy SBIN,Sl Below 1010,Tgt 1045/55+

Buy NALCO Above 200/205

Buy ABAN Above 350/55,Sl 340,Tgt 375/85

Buy GUJALKALI Above 58,Sl 55,Tgt 61/64/66

Buy ACC Above 560,Tgt 575-585-610,Sl 550

Buy BANKINDIA Above 220,Tgt 225-230-240,Sl 215

Buy VSNL Above 390,Tgt 400-410-425,Sl 380

Buy SIEMENS Above 220,Tgt 225-230-245,Sl 215

Sell TATASTEEL Below 160,Tgt 155-150-145,Sl 165

Sell HEROHONDA Below 900,Tgt 885-875-850,Sl 910

FUTURES

BHEL (1361) : Buy@ 1350/60,Sl 1345,Tgt 1370/80/85/90/95+

ONGC (680.60) :

Buy @ 670/75,Sl 665,Tgt 685+

Or

Open High Sell @690/95,Sl 705,Tgt 685/80

RIL (1253) : Buy@ 1230/45,Sl 1225,Tgt 1270/80/90/95

Technical Levels for 25 February 2009
Symbol	RES 1	RES 2	RES 3	Pivot	Support 1	Support 2	Support 3	Trading Signal
Top of Form GOLD Bottom of Form	15870.33	16010.67	16124.33	15756.67	15616.33	15502.67	15362.33	Sell Signal
Top of Form SILVER Bottom of Form	23591.00	23846.00	24022.00	23415.00	23160.00	22984.00	22729.00	Sell Signal
Top of Form LEAD Bottom of Form	50.47	51.38	52.32	49.53	48.62	47.68	46.77	Buy Signal
Top of Form COPPER Bottom of Form	161.67	163.63	166.42	158.88	156.92	154.13	152.17	Buy Signal
Top of Form NICKEL Bottom of Form	487.13	495.77	508.33	474.57	465.93	453.37	444.73	Buy Signal
Top of Form CRUDEOIL Bottom of Form	1952.33	1990.67	2014.33	1928.67	1890.33	1866.67	1828.33	Sell Signal
Top of Form ZINC Bottom of Form	54.03	54.62	55.33	53.32	52.73	52.02	51.43	Buy Signal
Top of Form NATURALGAS Bottom of Form	207.90	211.20	214.40	204.70	201.40	198.20	194.90	Sell Signal
Top of Form MENTHAOIL Bottom of Form	520.97	526.03	534.37	512.63	507.57	499.23	494.17	Buy Signal
Top of Form ALUMINIUM Bottom of Form	64.33	64.87	65.93	63.27	62.73	61.67	61.13	Buy Signal
Top of Form REFSOYOIL Bottom of Form	449.83	453.07	458.73	444.17	440.93	435.27	432.03	Buy Signal