Markets For 29/04/2009

Result : CANARABANK / DABUR / TITAN / PATNI / ALSTOM / APOLLOTYRES / KECINTL / BOI / BHARTSHIP / CEAT

NIFTY (3362.35)

Resistance : 3405 / 3430 / 3455 / 3500

Support : 3310 / 3270 / 3220

SENSEX

Resistance : 11200 / 11260 / 11520

Support : 10850 / 10740 / 10700 / 10500

NIFTY FUT (3355)

Resistance : 3425 / 3455 / 3495 / 3515

Support : 3315 / 3295 / 3270 / 3235

MKT COMMENTS

NIFTY FUT OI (both series) marginal down with increasing volumes indicating unwinding of long positions in current series plus forming of short positions in next series.

We expect NIFTY FUT to trade volatile due to expiry.

On Wednesday,Opening is Flat to Down,

Stay Short Below 3370,Sl Abv 3390,Tgt 3340/3320/3275/3260,

Sustain Above 3390,Buy with Sl Below 3370,Tgt 3435/3455/3495/3515.

Sell BOMBAYDYIENG Below 170,Tgt 160/55/50,Sl 175

Sell SBI (1236),Tgt 1230/20/10,Sl Above 1250

Sell JETAIRWAYS Below 190,Tgt 185/80,Sl 195

Sell ASIANPNT Below 875,Tgt 865/55/30,Sl 890

Sell BOB Below 305,Tgt 295/80/50,Sl 315

Sell BHARTI Below 725,Tgt 705/690/670+,Sl 735

Buy BIOCON Above 145,Tgt 155/65/80,Sl 140

Buy COLGATE Above 480,Tgt 495/510/40,Sl 465

Buy GAIL Above 250,Tgt 255/60/65,Sl 245

Buy INFOSYS Above 1465/70

FUTURES

Buy BIRLACORP 196/97,Sl 195,Tgt 198.7/99.5/200.4/202.3/204.4/206/208/210/212 (Lot Size : 3400)

Sell HDFCBANK 1085/95,Sl 1110,Tgt 1075/70/1065/1055/1045/1035+ (Lot Size : 400)

Sell BHARTI (725.7) 735,Sl 745,Tgt 720/15/05++

Sell RIL 1750/60,Sl 1780,Tgt 1730/20/05 (If Close Below 1720,Hold Shorts With Sl 1750/60)