Markets For 13/07/2009

NIFTY (4003.9) : Important Resistance@ 4040 Levels

Resistance : 4040 / 4090 / 4135 / 4190

Support : 3960 / 3925 / 3880 / 3845 / 3760

SENSEX (13504.22)

Resistance : 13610 / 13795 / 14085

Support : 13315 / 13125

NIFTY FUT (3993.7)

Resistance : 4030 / 4070 / 4140 / 4195

Support : 3930 / 3860 / 3760

BANK NIFTY (6486.85)

Resistance : 6550 / 6680 / 6875

Support : 6340 / 6200

MKT COMMENTS

NIFTY FUT OI up 3.90% with 11% increasing volumes indicating forming of fresh short positions.

We expect negative move to continue with volatility.

On Monday,Opening Is Flat To Down,

Buy NIFTY Above 4030,Sl Below 4010,Tgt 4075/4100/40/70/95

Sell NIFTY Below 4000,Sl Above 4020,Tgt 3960/45/30/3885/60

ICICIBNK

Buy Above 635,Sl 625,Tgt 645/55/65/75

Sell Below 625,Sl 635,Tgt 615/05/595/85

HEROHONDA

Buy Above 1465,Sl 1450,Tgt 1475/85/95+

Sell Below 1445,Sl 1460,Tgt 1435/25/15+

CMC

Buy Above 745,Sl 735,Tgt 755/65/75++

Sell Below 730,Sl 740,Tgt 720/10/700++

RCOM

Buy Above 245,Sl 240,Tgt 250/55/60/65

Sell Below 240,Sl 245,Tgt 235/30/25/20

STER

Buy Above 580,Sl 575,Tgt 585/90/95

Sell Below 570,Sl 575,Tgt 565/60/55

M&M

Buy Above 700,Sl 690,Tgt 705/15/20

Sell Below 685,Sl 695,Tgt 680/75/70

BUY

IOB@ 79/80,Sl 75,Tgt 85/90/95+

SUNPHARMA Above 1080,Sl 1065,Tgt 1110/25/40/55

SELL

PUNJLOYD Below 180,Sl 15,Tgt 175/70/65+

INDIAINFO Below 110,Sl 115,Tgt 105/100/95

SBIN (1544),Sl Abv 1560,Tgt 1510/1490+

FUTURES

Buy TCS@ 390/95,Sl 385,Tgt 400/05/10/15/20/25

Sell ABAN@ 675/65,Sl 685,Tgt 655/40/35/25/15/10

GOLD

Buy Above 14515,Sl 14495,Tgt 14560/650/685

Sell Below 14490,Sl 14510,Tgt 14445/360/320

SILVER September

Buy Above 21335,Sl 21270,Tgt 21400/730/22065

Sell Below 21200,Sl 21265,Tgt 21135/20890/470

CRUDE August

Buy Above 3010,Sl 2985,Tgt 3030/50/3110

Sell Below 2980 ,Sl 3005,Tgt 2960/25/2880

COPPER August

Buy Above 240.5,Sl 239.5,Tgt 242.9/44.1/46.7/48.1

Sell Below 239,Sl 240,Tgt 236.6/34.1/32.5/30.9

Commodity	Exchange	Contract	S2	S1	LTP	R1	R2	View
Barley	NCDEX	July' 09	840	850	869	890	900	Wait for View
Castor Seed	NCDEX	July' 09	483.5	486.5	489.9	493	497	Buy Abv 494/96 & more abv 497,Sl 492, Tgt 500/03/05 OR Sell Below 486,Sl 488, Tgt 483.5/81.5/75.5/71.5 in coming days
Chana	NCDEX	July' 09	2310	2345	2392	2410	2445	Buy Abv 2400,Sl 2385,Tgt 2415/25/35/45/55+ OR Buy Arnd 2340-45,Sl 2335,Tgt 2365/75/85
Chilli	NCDEX	Aug' 09	4750	4800	4847	4870	4930	Sell Below 4785,Sl 4805,Tgt 4750 Close Below 4750,Next Tgt 4700/4625 Soon OR Buy Only Abv 4875,Sl 4845,Tgt 4900/30/70
Undecorded Cotton (Akola)	NCDEX	July' 09	612.5	618	622.5	625	630	Buy Abv 625,Sl 622,Tgt 627/30 Sustain Abv 630,Next Tgt 635-640 Soon OR Sell Below 615,Sl 618,Tgt 612/10/08/05/02
Guar Gum	NCDEX	July' 09	3775	3820	3871	3900	3920	Buy abv 3900,Sl 3880,Tgt 3920/50 Close Abv 3950,Next Tgt 3985/4030 Soon OR Buy Arnd 3805-15,Sl 3800,Tgt 3840/65
Guar Seed	NCDEX	July' 09	1800	1820	1864	1845	1860	Buy Abv 1875,Sl 1860,Tgt 1895, Close Abv 1895,Next Tgt 1910/1930 Soon OR Buy Arnd 1830-35,Sl 1825,Tgt 1840/45/50/55
Gur	NCDEX	July' 09	1000	1015	1033	1038	1050	Sell Below 1022,Sl 1026,Tgt 1015 Close Below 1015,Next Tgt 985 Soon OR Sell Arnd 1047-48,Sl 1050,Tgt 1040/35
Jeera	NCDEX	July' 09	10880	11025	11183	11240	11300	Buy Only Abv 11240,Sl 11180,Tgt 11300 OR Buy Abv 10900/10,Sl 10880,Tgt 10970/11025
Kapas SN	NCDEX							Wait for Fresh Call
Maize	NCDEX	July' 09	915	925	836	945	965	Buy Only Abv 945,Sl 935,Tgt 960/85 OR Sell Only Below 915,Sl 925,Tgt 905/895 Close Below 895,Next Tgt 875/50 Soon
Pepper	NCDEX	July' 09	12050	12150	12258	12375	12500	Sell Only Below 12120,Sl 12200,Tgt 12050 Close Below 12050,Next Tgt 11650/25 Soon OR Sell Arnd 12470-480,Sl 12500,Tgt 12380/300
Potato	NCDEX	July' 09	925	955	980.8	1010	1030	Sell Below 980,Sl 985,Tgt 975/65/55 Soon OR Sell Arnd 1007/08,Sl 1010,Tgt 995/990
RM Seed Jaipur	NCDEX	July' 09	511	516	521.05	524	530	Sell Below 516,Sl 519,Tgt 513/11/07 Close Below 507,Next Tgt 495/90/85 Soon OR Buy Abv 524,Sl 522,Tgt 528/30/35/37
Sugar M 200	NCDEX	July' 09	2290	2320	2325	2350	2395	Supports At 2320 Close Below 2320,Next Tgt 2260 Soon Resistance At 2350 Close Abv 2350,Next Tgt 2395/2415/60/2510
Soy Bean	NCDEX	July' 09	2145	2160	2190	2230	2255	Sell Below 2160,Sl 2180,Tgt 2145 Close Below 2145,Next Tgt 2100/2000/1975/50 Soon OR Sell Arnd 2245/50,Sl 2255,Tgt 2230/10
Soy Oil	NCDEX	July' 09	430	436.5	443	445	450	Sell Below 438 & More@ 437,Sl 440,Tgt 435 Close Below 435,Next Tgt 431/27/20/17 Soon OR Sell Arnd 450-450.5,Sl 451,Tgt 447.5/445
Turmeric	NCDEX	July' 09	5370	5440	5498	5570	5650	Buy Abv 5570,Sl 5550,Tgt 5620-5655 Close Abv 5655,Next Tgt 5800/850 Soon OR Buy Arnd 5400-5405,Sl 5390,Tgt 5450/5480
Wheat	NCDEX	July' 09	1105	1115	1126	1135	1150	Buy Abv 1130,Sl 1124,Tgt 1135/45/48 OR Buy Arnd 1111-12,Sl 1108,Tgt 1120/25
Cardamom	MCX	July' 09	823	837	861	870	885	Expect Prices Towards 820-790 & 75, As long Resistance of 870-875
Mentha oil	MCX	July' 09	472	478.5	484.7	489.5	495	Strong Resistance At 489/95 Expect More Downside Till 482-475 Soon
CPO	MCX	July' 09	293	296	301.2	306	309	Sell Below 296,Sl 299,Tgt 293 Sustains Below 293,Next Tgt 287 Soon