BANKNIFTY FOR SUPPORT 31/05/2010

BANKNIFTY Support 1 9031.02
Support 1 9123.93
Pivot Point 9203.97
Resistance 1 9296.88
Resistance 2 9376.92

NIFTY FOR SUPPORT 31/05/2010

NIFTY Support 1 4971.9
Support 1 5006.45
Pivot Point 5030.55
Resistance 1 5065.1
Resistance 2 5089.2

MARKETS OPENED 28/05/2010

 For second consecutive trading session market witnessed a rally which led the indices to close on a positive note.
In the coming trading session the market may face stiff resistance at the levels of 16757 / 5030. If the market
convincingly trades above this level, we may see a further rally upto 16843 - 17000 / 5050 – 5090 levels. On the
downside 16507 – 16450 / 4952 – 4938 levels may act as a support for the day.

BILPOWER LIMITED BUY 27/05/2010

BILPOWER LIMITED BUY ABOVE 177.35 SL 175.4 TGTS1 185 TGTS2190

BANKNIFTY FOR SUPPORT 27/05/2010

BANKNIFTY Support 1 8817.5
Support 1 8912.8
Pivot Point 9001.4
Resistance 1 9096.7
Resistance 2 9185.3

NIFTY FOR SUPPORT 27/05/2010

NIFTY Support 1 4828.82
Support 1 4872.93
Pivot Point 4898.97
Resistance 1 4943.08
Resistance 2 4969.12

PIRAMAL HEALTHCARE BUY 27/05/2010

PIRAMAL HEALTHCARE BUY 534 SL 525 TGTS1  545 TGTS2  556

MARKETS OPENED 27/05/2010

 Markets opened up with a gap and witnessed a sharp short covering rally which led the indices to close on a
strong note. On the daily charts, we have seen that prices have taken support on the lower trendline of the
channel and have bounced back. The trend still remains in lower top lower bottom cycle in daily charts but an
extended pull back up to 16551 to 16673 / 4962 to 4997 can be expected once indices trade above 16410 / 4926
levels. On the downside 16000 / 4800 remains crucial support level

BANKNIFTY FOR SUPPORT 25/05/2010

BANKNIFTY Support 1 8874.92
Support 1 8977.43
Pivot Point 9133.72
Resistance 1 9236.23
Resistance 2 9392.52

NIFTY FOR SUPPORT 25/05/2010

NIFTY Support 1 4842.42
Support 1 4886.73
Pivot Point 4954.87
Resistance 1 4999.18
Resistance 2 5067.32

MARKETS OPENED 20/05/2010

Markets opened gap down and selling pressure intensified below 16680 / 4980 levels which dragged the indices
to close deep in red below the 200 day SMA. On the daily chart we are seeing a continuation of lower top lower
bottom formation which clearly indicates weakness. As mentioned in the previous daily report, we now expect
indices to test lower levels of 16200-16150 / 4850 – 4800 in the next few trading sessions. Since the hourly
charts are highly oversold a bounce up to 16540 – 16580 / 4972 – 4990 cannot be ruled out. Aggressive traders
may consider any weakness near these levels to go short for a target of 16200-16150 / 4850 – 4800 levels

BANKNIFTY FOR SUPPORT19/05/2010

BANKNIFTY Support 1 9345.12
Support 1 9419.73
Pivot Point 9499.87
Resistance 1 9574.48
Resistance 2 9654.62

NIFTY FOR SUPPORT 19/05/2010

NIFTY Support 1 4973.33
Support 1 5018.37
Pivot Point 5062.98
Resistance 1 5108.02
Resistance 2 5152.63

MARKETS OPENED 19/05/2010

Markets opened on a subdued note traded with enhanced choppiness to close marginally in green. On the daily
chart after a Hammer candlestick formation we are now witnessing a narrow range body which suggests
indecisiveness prevailing at current levels. In the coming trading session if indices trade convincingly above
17000 / 5105 levels then a bounce up to 17162 - 17250 / 5120 -5150 levels. We maintain our view that selling
pressure will intensify on any daily closing below 16684 / 4984 levels.

BANKNIFTY FOR SUPPORT 18/05/2010

BANKNIFTY Support 1 9203.1
Support 1 9365.4
Pivot Point 9460.5
Resistance 1 9622.8
Resistance 2 9717.9

NIFTY FOR SUPPORT 18/05/2010

NIFTY Support 1 4919.08
Support 1 4988.57
Pivot Point 5031.68
Resistance 1 5101.17
Resistance 2 5144.28

BANKNIFTY FOR SUPPORT 14/05/2010

BANKNIFTY (2nd Resistance) 9586.98
(1st Resistance) 9536.22
Pivot point 9493.23
(1st Support) 9442.47
(2nd support) 9399.48

NIFTY FOR SUPPORT 14/05/2010

NIFTY (2nd Resistance) 5318.67
(1st Resistance) 5290.13
Pivot point 5267.57
(1st Support) 5239.03
(2nd support) 5216.47

BUY CENTURYTEX 12/03/2010

Intraday call BUY CENTURYTEX @ 484-485 stop loss @ 482.50 target @ 496-497

BANKNIFTY FOR SUPPORT 12/05/2010

BANKNIFTY (2nd Resistance) 9795.07
(1st Resistance) 9704.63
Pivot point 9638.57
(1st Support) 9548.13
(2nd support) 9482.07

NIFTY FOR SUPPORT 12/05/2010

NIFTY (2nd Resistance) 5217.98
(1st Resistance) 5175.47
Pivot point 5148.73
(1st Support) 5106.22
(2nd support) 5079.48

BUY RAIN 11/03/2010

 Hot Shot Call Buy RAIN ABove 164 SL 160 Tgt 168 - 170

BANKNIFTY FOR SUPPORT 11/05/2010

BANKNIFTY (2nd Resistance) 9902.6
(1st Resistance) 9786.7
Pivot point 9574.1
(1st Support) 9458.2
(2nd support) 9245.6

NIFTY FOR SUPPORT 11/05/2010

NIFTY (2nd Resistance) 5291.15
(1st Resistance) 5245.7
Pivot point 5162.85
(1st Support) 5117.4
(2nd support) 5034.55

BANKNIFTY FOR SUPPORT 07/05/2010

BANKNIFTY (2nd Resistance) 9728.1
(1st Resistance) 9651.3
Pivot point 9543.2
(1st Support) 9466.4
(2nd support) 9358.3

NIFTY FOR SUPPORT 07/05/2010

NIFTY (2nd Resistance) 5165.05
(1st Resistance) 5126.1
Pivot point 5075.55
(1st Support) 5036.6
(2nd support) 4986.05

BUY CANBK 06/05/10

mid-cap banking counters, CANBK is looking
weak up to Rs. 416-420. Positional traders can
trade form short positions, with the stop loss of
Rs.444.

BANKNIFTY FOR SUPPORT 06/05/2010

BANKNIFTY (2nd Resistance) 9737.53
(1st Resistance) 9660.82
Pivot point 9551.23
(1st Support) 9474.52
(2nd support) 9364.93

NIFTY FOR SUPPORT 06/05/2010

NIFTY (2nd Resistance) 5182.05
(1st Resistance) 5151.1
Pivot point 5102.05
(1st Support) 5071.1
(2nd support) 5022.05

BANKNIFTY FOR SUPPORT 05/05/2010

BANKNIFTY (2nd Resistance) 9905.18
(1st Resistance) 9762.62
Pivot point 9682.43
(1st Support) 9539.87
(2nd support) 9459.68

NIFTY FOR SUPPORT 05/05/2010

 NIFTY (2nd Resistance) 5279.18
(1st Resistance) 5210.52
Pivot point 5169.33
(1st Support) 5100.67
(2nd support) 5059.48

BANKNIFTY FOR SUPPORT 04/05/2010

BANKNIFTY (2nd Resistance) 9894.23
(1st Resistance) 9832.72
Pivot point 9784.88
(1st Support) 9723.37
(2nd support) 9675.53

NIFTY FOR SUPPORT 04/05/2010

NIFTY (2nd Resistance) 5264.58
(1st Resistance) 5241.52
Pivot point 5221.93
(1st Support) 5198.87
(2nd support) 5179.28

Stocks To Watch For 2-3 Days

ROLTA (2nd Resistance) 193.95 (1st Resistance) 191.55 Pivot point 188.05 (1st Support) 185.65 (2nd support) 182.15 ,CIPLA (2nd Resistance) 351.55 (1st Resistance) 347.8 Pivot point 342.05 (1st Support) 338.3 (2nd support) 332.55

BANKNIFTY FOR SUPPORT 03/05/2010

BANKNIFTY (2nd Resistance) 9936.3
(1st Resistance) 9889.2
Pivot point 9846.6
(1st Support) 9799.5
(2nd support) 9756.9

NIFTY FOR SUPPORT 03/05/2010

NIFTY (2nd Resistance) 5306.27
(1st Resistance) 5284.53
Pivot point 5268.27
(1st Support) 5246.53
(2nd support) 5230.27