Wish To Become Our Premium Paid Clients,Please Visit : www.Sharebazaaronline.blogspot.com
www.Sharebazaaronline.ning.com
http://sites google.com/site/Sharebazaaronline/
http://groups.google.com.group.Sharebazaaronline
Take A Weekly Trial Pack For Just Rs 500,Includes NIFTY, FUTURES, CASH, OPTIONS, COMMODITY, CURRENCY
Or Mail Us To:
Sharebazaaronline@ymail.com
Sharebazaaronline@gmail.com
Join Us For Free
Type " JOIN SHAREBAZAARONL " & Send Sms To 567678
Type " JOIN SHAREBAZAARONL " & Send Sms To 560700
Weak global cues and F&O expiry saw a selloff today and the market ended weak. But it clocked huge volumes, the second highest market turnover and highest ever F&O turnover at Rs 1.59 lakh crore. Sensex shut shop at 16854, down 344 points and Nifty at 5005, down 102 points from the previous close. CNX Midcap index was down 1.21% and BSE Smallcap index was down 0.98%. The market breadth was negative with advances at 320 against declines of 957 on the NSE. Top Nifty gainers included Ranbaxy, Sun Pharma while losers were Tata Power, RIL, ICICI Bank and Reliance Capital.
The market did open flat to positive let by global cues and seen a profit booking session again from higher side,with nifty failed to cross its major hurdle of week of 5110-20 range as advised by me many times and as expected we seen a decent selling and profit booking at the last day of the F and O settlement with a highest volume.Market is seems to be toped out for the very short term and it looks like that the worst is not yet done and another selling is expected as long as we maintain below 5030-5050 range on close to close basis.Still A caution is highly advised now on every rise as I expected a selling or profit booking now any time,A close on Friday below 4985-75 will lead another selling pressure for at least 100-250 points downfall. Overall strength is negative in the market now.
NIFTY (5005.55)
Resistance : 5035 / 5085 / 5125 / 5165
Support : 4955 / 4935 / 4880 / 4840
SENSEX (16854.93)
Resistance : 16915 / 17040 / 17170
Support : 16785 / 16660 / 16520 / 16460
NIFTY FUT (4992.65)
Resistance : 5025 / 5070 / 5120 / 5160
Support : 4965 / 4935 / 4885 / 4845
4915/25 Will Act As A Big Support,If Next Support@ 4880/70.
If NIFTY Closes Below 4880/70,We Are In Bearish Zone & Can Touch 4600/4500/4400++
If NIFTY Bounces Back From 4915/25,Near Term Targets Can Be 5150/5250/5350++
MKT COMMENTS
NIFTY FUT OI up 13.95% with 132% increasing volumes indicating forming of short positions.
We expect NIFTY FUT to trade negative with volatility.
On Friday,Opening Is Flat To Down,
Buy NIFTY Above 5045,Sl Below 5025,Tgt 5075/5095/5120/5150
Sell NIFTY Below 5020,Sl Above 5040,Tgt 4990/4970/4945/4915
BUY
RANBAXY Above 430,Sl 420,Tgt 440/450
INDIACEM Above 110,Sl 105,Tgt 115/120
IFCI,Sl 47,Tgt 54/55/56
APTECH Above 168,Sl 165,Tgt 171/173/175
ZEE Above 270,Sl 265,Tgt 275/280/285
COLGATE Above 690,Sl 685,Tgt 695/700/705/710
SELL
SAIL Below 192,Sl 195,Tgt 188/185/183/180
SCI Below 145,Sl 150,Tgt 140/135
PUNJLOYD Below 385,Sl 390,Tgt 375/370/365
SBIN (2255),Sl Above 2275,Tgt 2225/2215
PUNJLOYD Below 205,Sl 210,Tgt 200/195
Posts
No comments:
Post a Comment