Nifty Option Tips

Today: Intraday Nifty Stock Market open negatively and it was showing volatility with negativity and close positively. It breaks the 5480 level and it also breaks the 5450 but close above that. Now we may consider resistance 5500-5521-5550 and support 5443-5399-5368. Today Magic No. 5433.

SINTEX: (172) Sell considering 175 a solid resistance keeping stop loss of 179. Downward side it'll fall down to 165 & 159.

UNITED SPIRIT: (991) Sell considering 999 a solid resistance keeping stop loss of 1014. Downward side it'll fall down to 964, 952-942 & 928.

AREVA: (237) Sell considering 242 a solid resistance keeping stop loss of 245. Downward side it'll fall down to 233 & 212.

WIPRO: (383) Sell considering 386 & 388.50 solid resistances keeping stop loss of 392.50. Downward side it'll fall down to 377, 372 & 363.

ORCHID CHEM: (198) 201 a nearest & 207 a solid resistance, keep stop loss of 212 to your shorts. Downward side it'll fall down to 194 & thereafter to 189.50 & 183, cover shorts on lower levels.

ABB: (872) Break below 858 it'll fall down to 827 & 808. Upward side 883 & 908 solid resistances.

SBI: (2277) 2310 & 2328 solid resistances up to which selling on higher levels will be seen, keep stop loss of 2339 to your shorts. Downward side it'll fall down to 2238, cover shorts on lower levels.

PNB: (1093) It'll fall down to 1083 initially, which is a crucial support to watch out for. Break below 1083 it'll crash down to 1073 & 1052.
Upward side 1109 & 1115 solid resistances, keep stop loss of 1125 to your shorts.

CAN Bank: (435) Sell considering 444 & 449 solid resistances keeping stop loss of 453 to your shorts. Downward side it'll fall down to 423 & 414-408, cover shorts on lower levels.

LIC HSG FIN: (206) Sell considering 209 a solid resistance keeping stop loss of 211. Downward side break below 205 it'll fall down to 201 & 195.

BF UTILITY: (681) Break below 671 it'll fall down further to 641. Upward side 686 & 698 solid resistances, keep stop loss of 710 to your shorts.

Fantastic SMS sent yesterday:

At 09:23 am...Sell or remain short in NIFTY fut. @ 5482 sl 5499 tgt 5445, 5419 & 5395-5376. (NF then fell down to 5433...A super duper call.)

At 09:30 am...Sell HAVELLS fut. @ 365.50 sl 373 tgt 338. (The stock fut. then fell down to 357...A super call.)

At 09:42 am...Sell VIP fut. @ 815 sl 829 tgt 800, 790 & 775. (The stock fut. then fell down to 763...A super duper call.)

At 10:37 am...Sell ORCHID fut. @ 201 sl 208 tgt 195, 190 & 184. (The stock fut. then fell down to 196.50...A good call.)

At 11:57 am...Sell JINDAL STEEL fut. @ 572 sl 578 tgt 547 & 538. (The stock fut. then fell down to 567...A good call.)

At 12:52 pm...Sell WIPRO fut. @ 385.50 sl 392 tgt 376 & 368. (The stock fut. then fell down to 383 & closed at 385.)

NIFTY: TODAY: Nifty open flatly and it was showing range bound situation on 1^st half and after it take get good recovery positive side close positively. Now we may consider resistance 5718-5746 and support 5650-5630. Magic No. 5705.

BSE index: (18871) 18801 & 18766 solid supports, keep stop loss of 18655 to your buys.
Upward side it'll rush up further to 19006-19052 & 19098-19154 initially which is a crucial resistance area to watch out for. Crossover above 19154 it'll sustain on higher levels & spurt up to 19280 & 19393.

Nifty Intraday July Future: (5688) 5678 & 5663-5652 solid supports, keep stop loss of 5619 to your buys. Upward side crossover above 5713 it'll rush up further to 5746 & 5769 initially which is a crucial resistance area to watch out for. Crossover above 5769 it'll sustain on higher levels & spurt up to 5797 & 5832.

RCOM: (107.50) Buy on declines considering 103 & 101 solid supports keeping stop loss of 97.50. Upward side it'll spurt up to 110.50 & 116.25.

BHARTI AIRTEL: (433) Crossover above 439 it'll surge up to 450 where profit booking will be seen. Downward side 430 a nearest & 424-422 solid support, keep stop loss of 418 to your buys.

IDEA: (92) 94.75 & 96.50 solid resistances where profit booking will be seen. Downward side 89.50 & 88.25 nearest & 86 a solid support.

TATA COMM: (232.75) Buy considering 227.75 & 223 solid supports keeping stop loss of 221. Upward side it'll rush up further to 238.50 initially. Crossover above 238.50 it'll sustain on higher levels & flare up to 244 & 248.50.

MTNL: (48) Buy considering 46.50 & 45 solid supports keeping stop loss of 44. Upward side it'll spurt up to 50 & 52.50.

HEXAWARE: (80) Crossover above 81.50 it'll spurt up to 85.75 & 87.25. Downward side 78.50 & 77 solid supports, keep stop loss of 75 & buy on declines.

HCL TECH: (516) Buy on declines considering 511.50 & 507.50 solid support keeping stop loss of 503. Upward side it'll spurt up to 526 & 534.

GODREJ IND: (231) Crossover above 236 it'll spurt up heavily to 245.50. Downward side 228.50 & 224 solid supports.

ADI BIR NUVO: (953) Buy on declines considering 940 & 934 solid supports keeping stop loss of 922. Upward side it'll spurt up to 968 & 988.

SUZLON: (54.50) Buy considering 54 & 53.25 solid supports keeping stop loss of 52.50. Upward side it'll spurt up to 57.25 & 59.25.

TODAY: Nifty open positively and it was showing range bound situation in the market. It takes the good support of 5630 and takes the reversal from that level and close positively. Now consider support we can see in Nifty is 5630-5610-5570 and resistance we will see 5662-5710.Today Magic No. ... 5627

BSE

TODAY: BSE SENSEX open positively and it was showing range bound situation in the market and close positively. Now the consider support in Nifty 18323-18178 and resistance 18862-18938-19031.Today Magic No. 18762.

BANK NIFTY STOCK TIPS :

Today: Yesterday Bank Nifty opens strongly almost 1% and after it showing range bound situation and close positively around opening. Now the consider support in Bank Nifty 11239-11155 and resistance 11401-11503. Magic No. 11412

Nifty Future : Today it will face resistance 5700-5705 crossover an d stay with volume... may test ..? On the flip side, if not trade above 5666 and break and break below..........? Down side target 5636 and below. Time being top out and consider resistance Friday High 5702. - 100-150 down side if not close above last week high, above negated the views.

BSE index: (17870) Consider for this week...Sell on higher levels considering 18000 a nearest & 18130-18163 a solid resistance keeping stop loss of 18251.

Downward side it'll fall down further to 17841 & 17779 initially. Break below 17779 further heavy selling will drag it down further to 17625-17588-17568, which is a crucial support range to watch out for. A close below 17568 it'll crash down to 17227.

Nifty June Future: (5380) Consider for this week...Sell on higher levels considering 5405-5425 a nearest & 5454-5480 a solid resistance keeping stop loss of 5487.

Downward side it'll fall down to 5342 & 5322 initially. A close below 5322 it'll heavily fall down further to 5284-5269 & 5244. In worst scenario a close below 5244 it'll crash down to 5210, 5179 & 5161.

Bank Nifty June Future: (10623) Sell considering 10742 a solid resistance keeping stop loss of 10848.
Downward side a close below 10535 it'll heavily crash down to 10349, 10235 & 10050.

MARUTI: (1167) 1184, 1209 & 1233 solid resistances, sell. It'll fall down further to 1149, 1123 & 1081.

TATA MOTORS: (981) 992, 999-1005 & 1020 solid resistances, sell. It'll fall down to 966 & 942 initially. A close below 942 it'll heavily fall down further to 922-912. A close below 912 it'll collapse down to 805.

BAJAJ AUTO: (1338) A close below 1320 it'll heavily fall down to 1278, 1252 & 1210.

AXIS Bank: (1224) A close below 1205 it'll heavily crash down to 1169, 1146 & 1109.

ACC: (958) 950 a most crucial support if it remains intact then expect corrective up surges to 977 & 988-995, sell on higher levels keeping stop loss of 1015. Downward side a close below 950 it'll heavily crash down to 927 & 890.

HDFC: (639) 648 & 654 solid resistances, sell. It'll fall down to 632, 626 & 616.

ITC: (192) Sell keeping stop loss of 196. It'll fall down to 181.

ICICI Bank: (1032) A close below 1017 it'll heavily fall down to 993, 979 & 955.

PNB: (1051) Sell considering 1059 a nearest & 1077 a solid resistance keeping stop loss of 1094. Downward side break below 1039 it'll heavily fall down to 1021, 1010 & 992.

RIL: (869) Remain short considering 879 a solid resistance keeping stop loss of 894. Downward side break below 864 it'll fall down further to 851-845 & 830 initially. A close below 830 it'll crash down to 811 & 796.
Upward side crossover above 894 it'll surge up correctively to 908 & 928, sell on every rise keeping stop loss of 958.

TCS: (1111) 1140, 1155 & 1172 solid resistances, sell. It'll fall down further to 1083, 1048 & 1027.

INTRADAY NIFTY CAN FALL 100-120 POINTS,SELL ALL LONGS AND SHORT THE MARKET BUT DO COVER BETWEEN 5460-5440.

[JUST COVER YOUR SHORTS TODAY AS PER GIVEN TARGETS ABOVE.]

NIFTY STOCK BOUNCED FROM A LOW OF 5437 AND ALL SHORTS HAVE BEEN COVERED.

BSE index: (18132) Sell on higher levels considering 18251 a solid resistance keeping stop loss of 18309. Downward side it'll fall down to 18068 & 18000 initially, consider 18000 a crucial support.
Break below 18000 it'll crash down to 17841.

Intraday Nifty Future: (5450) Sell considering 5478-5487 solid resistance keeping stop loss of 5505. Downward side it'll fall down to 5435-5431 & 5398-5386 initially. Break below 5386 it'll crash down to 5337.

As far as bar reversal in Daily charts are concerned, stocks like Tata Steel, Mphasis, Aban Offshore, Allahabd Bank, Aurobindo Pharma, Adani Ent., Sintex, Glenmark, Tech Mahindra, Videocon Ind. have given "Upward Bar Reversal" while Tata Motors, TTK Prestige, Gitanjali, Asian Paints, NTPC, Mundra Port, BOI, Cipla, SAIL, BGR Energy etc. have given "Downward Bar Reversal". Stocks like Zicom, Dolphin Offshore, Rel Media Works, GSS America, TAJ GVK, Tulsi Extrusions, VIP Ind., Sujana Tower, Allahabad Bank, Rel Comm. have shown  spurt during the day with unusually high volumes.

BSE index: (17997) Sell on higher levels considering 18101 & 18161-18176 solid resistances keeping stop loss of 18270. Downward side it'll fall down to 17893-17876-17848 initially.
Break below 17848 it'll crash down to 17727 & 17625-17585.

Intraday Nifty Stock Tips MAY Future: (5385) Sell on higher levels considering 5408 & 5428 solid resistances keeping stop loss of 5440. Downward side it'll fall down to 5350 & 5335-5319 initially. Break below 5319 it'll crash down to 5277-5269.

AXIS Bank: (1184) Sell on higher levels considering 1201-1209 solid resistance keeping stop loss of 1221. Downward side it'll fall down to 1160, 1134 & 1093.

TATA MOTORS: (1127) Sell on higher levels considering 1143-1151 solid resistance keeping stop loss of 1158. Downward side it'll fall down to 1120 & 1101 initially. Break below 1101 it'll crash down to 1062.

APOLLO TYRES: (62.50) Sell on higher levels considering 64.75 a solid resistance keeping stop loss of 66. Downward side it'll fall down to 59 & thereafter to 55.50.

CAN Bank: (500) Sell on higher levels considering 508 & 512 solid resistance keeping stop loss of 522. Downward side it'll fall down to 493 & 481.

ICICI Bank: (1004) Sell on higher levels considering 1023 a solid resistance keeping stop loss of 1038. Downward side it'll fall down to 978 & 950.

SBI: (2245) Expect it to fall down to 2237 & 2204 initially, consider 2204 a crucial support where buying support not ruled out. In any worst scenario break below 2204 it'll crash down to 2168. Upward side 2290 & 2317 solid resistances.

KOTAK Bank: (406) Sell considering 408 & 411 solid resistances keeping stop loss of 416. Downward side it'll fall down to 398, 391.50 & 382.

BHEL: (1925) Break below 1918 it'll fall down to 1893 & 1852 initially. Break below 1852 it'll crash down to 1806. Upward side 1987 a solid resistance.

REL CAP: (496) Sell considering 499-503 solid resistance keeping stop loss of 507. Downward side it'll fall down to 484 & 477.

TECH MAH: (650) Sell on higher levels considering 657 & 663 solid resistance keeping stop loss of 675. Downward side break below 638 it'll fall down to 607.

Nifty has slipped below 5400 levels. We are already in sell mode. Technically one can expect the levels of 5310 or below anytime. I must add that there are chances for Nifty to go near 5200 too. On higher side 5450 to 5500 will remains a tough resistance on any rise. 

Sensex closed below 18000 marks. Is it really unexpected? No, its not. Is it worse? No, as more fall has yet to come. On other hand, now its official that we are going to see Diesel price hike by this week itself. This will make some adverse impact on the market. 

Technically we have support at 17790 levels only, which is well 200 points away from current levels. On higher side it will have strong technical resistance at 18200+ levels. We have seen weakness in all key sectors, like, banking, auto or metal. There are many stocks, which are on threshold levels. 

Over all, view is that we are very close to another big sell off. I am advising not to buy stocks thinking that it is a safer level to buy. Just trade on weaker stocks. Do not forget that we are inching closer to derivative expiry. 

Reason for Consolidation: Even market had witnessed heavy short covering lead rally, by congress alliance’s win in West Bengal, Assam and in Kerala state elections… Same time we must realize that FII’s are being net seller throughout the month, seems they will continue to be on selling only… We can’t expect any major upside further, when FII’s and global cues are not in positive mode.

Already FII’s are net seller for a considerable value, now we are going to face oil hike price in coming week, if it happen that will dampen our market sentiment heavily… Another important event is that many more notable persons from political parties and their companies possible to get arrested in 2G issue by next week end… This may give severe pressure to central government and it may lead for some great misunderstanding between congress lead central government in short term… Recent cool off in commodity prices also given some support for market this week, it is expected to go up again if oil price hike takes place…

Technically Further crash in market will take place, if Nifty Spot maintains below 5459 levels… now we can expect some pullback from current level, only if Nifty Spot able to hold above 5603 levels… Any oil price hike, 2G issue and further increase in commodity prices may give profit booking to 5334-5271-5226 levels in coming weeks…

As mentioned yesterday, Nifty has given breakout from yet another bearish pattern which can take Nifty to 5450 where it has a major support of the "Flag" pattern in which it has been moving for last few days. If the support of 5450 is violated then Nifty may open doors for lower targets of 4900-5000 for coming days. On the bullish side the resistance of 5600-5625 will play an important role. If the level of 5625 is violated with volumes Nifty may be heading for 5700-5750 in coming days.  

Nifty opened on a slightly positive note of 5-10 points only despite the fact that US markets were positive & Asian markets were very narrow & mixed. As the election results poured market started rising sharply as UPA & its allies were winning in 4 out of 5 states. Nifty touched an intra day high of 5605 & declined sharply in last 45 minutes by more than 70 points before recovering modestly to close at 5544 about 58 points above the previous close.

As far as, extreme short term charts are concerned, Nifty took perfect support at 5472 (support expected at 5480) & bounced  back sharply to touch the top level of the "Flag" pattern at 5605 before declining marginally. Now Nifty Intraday is locked in a range of 5480 & 5610 & breakout on either side is capable of giving a move of 100-125 points in near term. Since the pattern is bearish the odds are in favor of bears but at the same time victory of UPA & its allies in state election can postpone the decline by few days. In that case Nifty can touch 5675-5725 in coming days before heading downwards.

As far as bar reversal in Daily charts are concerned, stocks like Nifty, Nifty Futures, SBI, ICICI Bank, Reliance Ind., L&T, ITC, M&M, HDFC Bank, IDFC have given "Upward Bar Reversal" while Infosys, BPCL, Sun Pharma, HCL Tech., IOC, Glenmark Pharma, Syndicate Bank, Biocon, Bombay Rayon, Jyothy Lab etc. have given "Downward Bar Reversal". Stocks like CMC, Raj Television, Gemini Communication, Spentex Ind., Vaibhav Gems, Castrol (I), Shanti Gears, Vikash Metal, Surya Pharma, Bharat Gears have shown  spurt during the day with unusually high volumes.

Sector wise, most of the stocks like Camlin, Rain Commodity, KGL, Amar Remedies, GSPL, Sun TV, Optocircuit, Adserve, Orbit Corp., Amtek Auto etc. were among the top gainers of the day,  to close in positive territory whereas stocks like Atul Inds., Acropetal, ARSS Infra, Fame India, Geodesic, NEC Life, Tanla, Phoenix Ltd., Jindal Saw etc. attracted profit booking at higher levels & closed in red territory. As far as, A/D data is concerned it was in favor of bulls in the ratio of 9:5 with 909 advances & 521 declines during the day.

Breakout on either side can give a move of 100-125 points in near term. It is better to watch these levels carefully & trade accordingly. The best strategy is to concentrate on stocks which have given fresh bullish breakouts in hourly/daily charts for quick gains in next few days.

Current Planetary Position  - Astrologically, in Transit, 2 Planets i.e. Sun (In Krittka Constellation, ruled by Sun ownself) and Retrograde Ketu is placed in Taurus, Retrograde Saturn  (In Hasta Constellation, ruled by Inimical Moon) is placed in Virgo. 

Transiting Moon is in Libra. Retrograde Rahu is placed in Scorpio. Pluto (Retrograde) is placed in Sagittarius. Neptune is placed in Aquarius. Uranus (Direct)  is placed in Pisces. 4 Planets i.e Mars (In Ashvani Constellation, ruled by Friendly Ketu),  Jupiter  (In Ashvani Constellation, ruled by Neutral Ketu), Mercury (In Ashvani Constellation, ruled by Neutral Ketu) and Venus (In Ashvani Constellation, ruled by Friendly Ketu) are placed in Aries.

Moon will be transiting through Libra, Scorpio and Sagittarius during this week. 4 Planets are in retrograde motion as on 16th May 2011 i.e. Saturn, Rahu, Ketu and Pluto and Mars are transiting through it's own sign.

Expected Weekly Movement -In totality, keeping all the planetary configuration, bullish and bearish aspects in mind, Jupiter-Uranus conjunction on 04th January 2011 was the beginning of change of trend when Nifty touched an Intraday High of 6181 and Sensex touched 20664 (On 03rd January 2011).The decline continued for a month and short term trend reversal came with conjunction of Venus with Pluto in Sagittarius. 

Market remained sideways after that for a month or so and again a bounce came as soon as Sun conjunction with Uranus in Pieces took place on 21st March 2011 when Nifty was 5348 and Sensex was 17792.Jupiter opposition on 28th March coupled with Sun-Pluto aspect applied brakes to the sharp rally which took place between 21st - 28th March. 

During next week, it may start with the hangover of negative aspect... For Paid Subscribers Only  (This is preliminary analysis of the market which will be updated everyday for day and swing traders through live market updates and trading calls. Note- Most of the astrological aspects work plus/minus few hours so it is better to follow live updates before entering into any positional trades)  .

In the last week Intraday Nifty almost tumbled 466 points after a made a high 5906. Short term market over sold and corrective rally on continue . Pull back rally will face resistance 5619- 5630 thereafter ---5700-5729, thereafter index will gathering momentum. Strong resistance of this week is 5590.. Down side key support 5350-5300 watch out. Break and trade below, further fall in the market. 

TODAY : Intraday Nifty opens positively and showing range bound situation in the market. And close flat too negatively. Because of flat closing there were no changes in support resistance. Now the new support level is 5481-5444. And resistance is 5580-5615-5668. Technically view it is in doji pettern. So we expected for next day market can showing some positivity. Today crucial level 5561 watch out.. Below Bear favour, Above Bull favour. 

Today : BSE Index is open positively and showing some volatile and range bound situation and close flatly because of flat closing there was no changes in support resistance. Now today support watch 18254-18166 and resistance is 18738-18804. Today crucial level 18661. 

Nifty Stock Future Closed : 5555 : Yesterday it was predicted that unable to cross 5590 do not think to buy and break and trade below 5555, target 5530-5500 and it was did it .....On the other if not break first two hrs, some bounce back and made a high 5575 and finally managed to closed at 5555.. 

Now Today we may consider resistance 5590 and support 5524 , break and trade below.... What is the lower target, and higher level crossover 5590......where it will face resistance and in case close above that level, overall short covering and fresh buying can not be ruled out..... For this all level... just subscribe our services and know.... 100 points move in either side.....but where...?

Some positive bias....

Lower level support.... 200

Crossover............sharp move and catch it. 

No problem as hold

435 level.......

Today resistance 435

Remain below target 400-383 in few sessions. 

Today support 290

Hold this level........

Up move continue....

Below 135.. time to sell.....

Over all positive..

Any dip to buy side....

Consider support 280 mark.

Today result day....

Whether Good / Bad / below/above market expectation

But will it cross 455... Just check your screen

But time to sell with tight stop loss.

In our Portfolio Holding from the level

Of 300..... Our target 1000

Wealth Creator Stock....If have a patience

Sensex dropped for the sixth straight session and closed well below its 200 days moving average, which is running at 19130 levels. Are we in troubling zone? Surely yes. All eyes will on RBI credit policy today. Market is ready to digest 25 bps rate in repo rate and reverse repo rate. To some extent it may even digest the 50 bps rate hike too, as fall may be limited. 

I feel that looking on sluggish IIP data RBI may not go for aggressive rate hikes. Technical support will be at 18800 levels. If it fails to get support at 18800 then we may see a further fall towards 18500 levels. We have seen sell off in public sector banks as some brokerage has downgrade its target. Wait for credit policy and react accordingly. 

Nifty has also closed 50 points below its 200 days moving average. Technically if trades sustain below 5670 then we can expect levels like 5630 to 5600. You can expect at least 5670 to be tested. On higher side we have to see close above 5750 to stay in upward journey. 

It has already slipped by nearly 8% in past three trading sessions. It has strong technical support at 2670. Even if it breaks 2670 then also it should not drift much lower. Buy this stock from lower levels. Some brokerage has downgraded its target. Well, ignore those. 

This stock has shown better relative strength in the past session when index lost nearly 0.80%. Technically as long as it sustain above 1020 levels you can expect a move towards 1070 to 1100 marks. I again suggest to buy in dip. 

This stock has seen a sharp intraday reversal from 1560. It is showing the kind of magnitude that if reversal come then it can be very very sharp. Technically as long as it sustain above 1590 we can hope a sharp move. Wait for RBI policy and then act on buying. 

BSE index: (19292) Sell considering 19413 & 19471 solid resistances keeping stop loss of 19542. Downward side it'll fall down to 19191 & 19084-19055 initially. Break below 19055 it'll crash down to 18916 & 18801.

Intraday Nifty Stock SPOT: (5785) Sell considering 5820 & 5831-5842 solid resistances keeping stop loss of 5857. Downward side break below 5775 it'll fall down to 5747 & 5725-5716-5702 initially.
Break below 5702 it'll crash down to 5670 & 5646.

BAJAJ AUTO: (1476) Sell keeping stop loss of 1496. Downward side it'll fall down to 1435 & 1423.

M&M: (768) 775 a solid resistance if it remains intact then selling will underway. Downward side break below 759 it'll fall down to 739-734.

Upward side crossover above 775 it'll turn positive & spurt up to 793 & 805.

SBI: (2850) 2883-2901 solid resistances, sell keeping stop loss of 2933. Expect 2834 & thereafter to 2808 & 2780 from where intra day up surges will be seen.

INDUSIND Bank: (267) Sell considering 272 a solid resistance keeping stop loss of 277. It'll fall down to 261 & thereafter to 255-253.

IDBI, UCO & SYNDICATE Bank: Sell.

TISCO: (614) Keep stop loss of 625 & sell. It'll fall down to 603 & 596.

BHUSHAN STEEL: (506) Sell considering 510 & 515 solid resistance keeping stop loss of 520. It'll fall down to 493 & 488.

REL INFRA: (658) Sell considering 667 a solid resistance keeping stop loss of 675. It'll fall down to 633 & 615.

L&T: (1662) Sell considering 1682 a solid resistance keeping stop loss of 1704. It'll fall down to 1650, 1635-1630 & thereafter to 1599.

BSE index: (19545) 19508-19466 solid support, keep stop loss of 19307 to your buys.
Upward side 19738-19812 crucial resistance to watch out for. Crossover above 19812 it'll rush up to 19908-19946 & thereafter to 20017 & 20143.

Downward side break below 19307 it'll turn weak & fall down to 19109, 18987 & 18800.

Nifty April Future: (5875) 5850 a crucial support. Upward side crossover above 5925 it'll rush up to 5948 & 5980 initially. Crossover above 5980 it'll sustain on higher levels & spurt up to 6023, 6064, 6094 & 6149.
Downward side break below 5850 it'll turn bit weak & fall down to 5807-5793 initially. Break below 5793 it'll crash down to 5722 & 5678-5664.

INDIAN Bank: (246) Crossover above 250 it'll spurt up to 255 & 261.

IOB: (156.50) Keep stop loss of 153.50 & buy.

INDUSIND Bank Nifty : (270) 274 & 277 solid resistances, sell. Expect 261 & 255.

ASHOK LEY: (55.30) Crossover above 55.75 it'll spurt up to 57.75 & 59.

TATA MOTORS: (1262) Crossover above 1269 it'll rush up to 1296-1304 initially. Crossover above 1304 it'll sustain on higher levels & spurt up to 1332 & 1375.

TVS MOTORS: (61) Buy considering 60 a solid support keeping stop loss of 58. Upward side it'll spurt up to 67.

JET AIR: (496) Crossover above 505 it'll spurt up to 517.

SBI: (2934) Keep stop loss of 2888 & buy. Expect 2988 & 3012.

AXIS Bank: (1355) 1333 a crucial support to watch out for break below which it'll fall down further to 1309. Upward side 1374 & 1388 crucial resistances.

KOTAK Bank: (463) Buy keeping stop loss of 453. Upward side crossover above 470 it'll spurt up to 481 & 486.

DCB: (64) 63 & 61 solid supports, buy. Expect 66.25 & 68.

BHEL & TRIVENI: Buy.

As last week in this clumn mentioned that 200 DMA - 5700-5716 are a strong support and likely U turn and it was did it and finallhy made a high 5897, almost 200 points gained from the lower level. In this week we may consider strong support 5810 and 5695, on the higher side resistance 5900-5950..crossover with volume can trigger short covering and fresh buying resulted it will test 6100-6150. Your stop loss for long 5700. FIIS are continue in buying mode.

TODAY : At the end of the week of trading session Nifty open positively and showing good strength on positive side and close positively. Now the support and resistance for the intraday support is 5805-5777 and resistance is 5920-5950. Above that can see the next resistance in few trading session 5993-6042.

BSE NIFTY: TODAY: As expected it was hold support 19500 and managed to close above 19600. Now today watch out resistance 19840-19850 range, whether it will cross or not.

Bank Nifty last week after a made a low 11482 and finally U turn were saw resulted it was made high 11960. Over all trend is bullish and as remain hold 11500 bull move continue. Over all looks that bulls are full control and continue push towards 12000-12050 level , decisively crossover it will show decent move and first target 12400-12500 in near term. Bank Nifty likely out perform in coming days.

TODAY : Bank Nifty opens positively and it was showing some strength in the market on positive side and close positively. Now the important level to watch out for intra working resistance 11950-12038 and support is 11683-11551. Above 11900-11950 looks hot and overall buying in the market. Buying on dip strategy should be follow please.

Looks good -----Excellent result

But..... below market expectation.

Today support 995-1000 buying opportunity ?

Bullish break out with volume...

Above 71 very very hot....

Decline to buy side....

Now support 2800

Today resistance 2890-2900

Close eye.. reversal to sell side..

Above 720 bull favour and buy side. 

Excellent result on the card....

Crossover 152 and stay with volume

Decent move expected...

Check yesterday volume.... Strong support 145

Finally broken resistance level 175

And closed above with volume

Today above 182-- sharp move likely.

Down side support 580....

Break and trade below target 560

Thereafter more down side.

Lower level support 2880-2900

Over sold counter...

Short covering will spurt likely

If manage to hold 2900 mark

Be prepare for big move..

Decline to buy side.

In BSE, BSE IT index was at 6087.88 down by -170.66 points or by -2.73%. HCL Technologies Ltd. (Rs. 463.85,-3.84%), Tata Consultancy Services Ltd. (Rs. 1149.70,-3.43%), Mahindra & Mahindra Ltd. (Rs. 707.50,-3.16%), Infosys Technologies Ltd. (Rs. 2905.20,-2.80%) and Financial Technologies (India) Ltd. (Rs. 868.55,-1.98%)

In BSE, BSE nifty stock Realty index was at 2333.68 down by -76.47 points or by -3.17%. DLF Ltd. (Rs. 233.55,-4.69%), Orbit Corporation Ltd. (Rs. 53.85,-4.18%), Housing Development & Infrastructure Ltd. (Rs. 180.85,-3.83%), Indiabulls Real Estate Ltd. (Rs. 144.75,-3.18%) and Sunteck Realty Ltd. (Rs. 333.90,-3.02%).      

Further, Shanghai Composite is down by 1.43% to 3,013.7 and Hang Seng Index fell 1.37% to 23,504.73. in nifty intraday  Separately, Taiwan Weighted and Seoul Composite are trading lower by 1.20% and 1.14% respectively. In the domestic arena, the markets are likely to follow the rout of global counter part and trade range-bound with downside movement. Auto, Oil&Gas and CG pivotals will be in focus today.

The MSCI Asia Pacific Index dropped 0.9% to 134.47 with about six shares declining for each that advanced. Further, Japan’s Nikkei 225 is trading in nifty lower by 1.49% to 9,413.99 as the Japanese Yen gained against the dollar and euro over European sovereign debts fuelling concerns over lower earnings for exporters.

Market opened lower as sell-off came as a result of concerns stemming from anticipation about debt restructuring for less fiscally responsible eurozone nations like Greece, Ireland, and Portugal. These negative news completely overshadowed the latest round of earnings results that comprised of upside earnings surprises from Citigroup (C 4.42, +0.00), Halliburton (HAL 47.14, +0.32), and Eli Lilly (LLY 35.62, -0.39).

Once again strong announcements failed to translate to gains as it failed to counter broad market selling interest. However, stocks gradually managed to trim their losses after a sharp slide but none of the sector managed to muster gains, but tech stocks and consumer staples stocks did the best job of limiting losses. Each sector finished with a loss of 0.7%.