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Tuesday, July 6, 2010
BANKNIFTY FOR SUPPORT 06/07/2010
BANKNIFTY (2nd Resistance) 9616.87
(1st Resistance) 9509.73
Pivot point 9392.87
(1st Support) 9285.73
(2nd support) 9168.87
(1st Resistance) 9509.73
Pivot point 9392.87
(1st Support) 9285.73
(2nd support) 9168.87
NIFTY FOR SUPPORT 06/07/2010
NIFTY (2nd Resistance) 5279.97
(1st Resistance) 5264.53
Pivot point 5249.47
(1st Support) 5234.03
(2nd support) 5218.97
(1st Resistance) 5264.53
Pivot point 5249.47
(1st Support) 5234.03
(2nd support) 5218.97
Monday, July 5, 2010
pick of the week 4 buy tech mahindra
Pick of the Week 4 : Buy Tech Mahindra at CMP of Rs.755 with short term technical target of Rs. 885 and long term fundamental target of Rs. 974
NIFTY FOR SUPPORT 05/07/2010
NIFTY (2nd Resistance) 5303.35
(1st Resistance) 5277.1
Pivot point 5258.55
(1st Support) 5232.3
(2nd support) 5213.75
(1st Resistance) 5277.1
Pivot point 5258.55
(1st Support) 5232.3
(2nd support) 5213.75
Friday, July 2, 2010
BUY RCF 02/07/2010
Positional call Buy RCF 87-86.80 Stop loss 84.30 target 97-97.50 (time 2-3 weeks)
BANKNIFTY FOR SUPPORT 02/07/2010
BANKNIFTY (2nd Resistance) 9492.33
(1st Resistance) 9427.67
Pivot point 9374.33
(1st Support) 9309.67
(2nd support) 9256.33
(1st Resistance) 9427.67
Pivot point 9374.33
(1st Support) 9309.67
(2nd support) 9256.33
NIFTY FOR SUPPORT 02/07/2010
NIFTY (2nd Resistance) 5298.77
(1st Resistance) 5278.53
Pivot point 5254.77
(1st Support) 5234.53
(2nd support) 5210.77
(1st Resistance) 5278.53
Pivot point 5254.77
(1st Support) 5234.53
(2nd support) 5210.77
Thursday, July 1, 2010
BANKNIFTY FOR SUPPORT 01/07/2010
BANKNIFTY (2nd Resistance) 9635.68
(1st Resistance) 9562.47
Pivot point 9436.78
(1st Support) 9363.57
(2nd support) 9237.88
(1st Resistance) 9562.47
Pivot point 9436.78
(1st Support) 9363.57
(2nd support) 9237.88
NIFTY FOR SUPPORT 01/07/2010
NIFTY (2nd Resistance) 5386.02
(1st Resistance) 5351.13
Pivot point 5288.12
(1st Support) 5253.23
(2nd support) 5190.22
(1st Resistance) 5351.13
Pivot point 5288.12
(1st Support) 5253.23
(2nd support) 5190.22
Global Markets 01/07/2010
DOW9774(-96)NASDEQ2109(-25)S&P1030(-10)SGX (-58)HSG(-119)NIKI(-182)KOSPI(-30)STRAITS(-16)SHANGHAI(-5)FII(+589)DII(-151)
Wednesday, June 30, 2010
BANKNIFTY FOR SUPPORT 30/06/2010
BANKNIFTY (2nd Resistance) 9588.27
(1st Resistance) 9494.08
Pivot point 9424.82
(1st Support) 9330.63
(2nd support) 9261.37
(1st Resistance) 9494.08
Pivot point 9424.82
(1st Support) 9330.63
(2nd support) 9261.37
NIFTY FOR SUPPORT 30/06/2010
NIFTY (2nd Resistance) 5359.15
(1st Resistance) 5312.8
Pivot point 5276.45
(1st Support) 5230.1
(2nd support) 5193.75
(1st Resistance) 5312.8
Pivot point 5276.45
(1st Support) 5230.1
(2nd support) 5193.75
Tuesday, June 29, 2010
BUY STOCK ,SELL STOCK 29/06/2010
Balramchin
Buy Level : 87.2 Target : 88.1-89.0-90.6 SL : 86.15
Sell Level : 85.0 Target : 84.1-83.2-81.6 SL : 86.15
Bajajhind:
Buy Level : 121.35 Target : 122.65-123.95-126.05 SL : 119.9
Sell Level : 118.45 Target : 117.15-115.85-113.75 SL : 119.9
NIFTY BUY & SELL 29/06/2010
Nifty
Buy Level : 5350 Target : 5351-5369-5386 SL : 5338
Sell Level : 5326 Target : 5316-5306-5289 SL : 5338
Buy Level : 5350 Target : 5351-5369-5386 SL : 5338
Sell Level : 5326 Target : 5316-5306-5289 SL : 5338
BANKNIFTY FOR SUPPORT 29/06/2010
BANKNIFTY (2nd Resistance) 9627.72
(1st Resistance) 9590.48
Pivot point 9527.77
(1st Support) 9490.53
(2nd support) 9427.82
(1st Resistance) 9590.48
Pivot point 9527.77
(1st Support) 9490.53
(2nd support) 9427.82
NIFTY FOR SUPPORT 29/06/2010
NIFTY (2nd Resistance) 5378.88
(1st Resistance) 5359.42
Pivot point 5325.53
(1st Support) 5306.07
(2nd support) 5272.18
(1st Resistance) 5359.42
Pivot point 5325.53
(1st Support) 5306.07
(2nd support) 5272.18
Global Markets 29/06/2010
DOW10138(-5)NASDEQ2220(-2)S&P1074(-2)SGX (-13)HSG(-211)NIKI(+55)KOSPI(+1)STRAITS(-2)SHANGHAI(-10)FII(+792)DII(-94)
Monday, June 28, 2010
NIFTY BUY & SELL 28/06/2010
Buy Level : 5307 Target : 5327-5348-5382 SL : 5283.6
Sell Level : 5260 Target : 5238-5217-5186 SL : 5283.6
Sell Level : 5260 Target : 5238-5217-5186 SL : 5283.6
BANKNIFTY FOR SUPPORT 28/06/2010
BANKNIFTY (2nd Resistance) 9722.37
(1st Resistance) 9603.88
Pivot point 9531.62
(1st Support) 9413.13
(2nd support) 9340.87
(1st Resistance) 9603.88
Pivot point 9531.62
(1st Support) 9413.13
(2nd support) 9340.87
NIFTY FOR SUPPORT 28/06/2010
NIFTY (2nd Resistance) 5357.83
(1st Resistance) 5320.77
Pivot point 5296.88
(1st Support) 5259.82
(2nd support) 5235.93
(1st Resistance) 5320.77
Pivot point 5296.88
(1st Support) 5259.82
(2nd support) 5235.93
Thursday, June 24, 2010
Global Markets 24/06/2010
DOW10298(+4)NASDEQ2254(-7)S&P1092(-3)SG-13)HANGSANG(-52)NIKKI(+16)STRAITS(-1)KOSPI(+5)SHANGHAI(-3)FII(+265)DII(-866)
Wednesday, June 23, 2010
BUY & SELL STOCK 23/06/2010
Sesagoa
Buy Above : 377.6 SL : 375.8 Tar : 379.0-380.6-383.1
Sell Below : 374.0 SL : 375.8 Tar : 372.0-370.9-368.5
Buy Above : 377.6 SL : 375.8 Tar : 379.0-380.6-383.1
Sell Below : 374.0 SL : 375.8 Tar : 372.0-370.9-368.5
NIFTY BUY & SELL 23/06/2010
Nifty
Buy above : 5333 SL: 5320 Tar : 5343-5453-5470
Sell Below : 5308 SL: 5320 Tar : 5287-5271-5243
Buy above : 5333 SL: 5320 Tar : 5343-5453-5470
Sell Below : 5308 SL: 5320 Tar : 5287-5271-5243
BUY STOCK 23/06/2010
(1) Jyothi Structures (513250) :- CMP - 152, Technical Target Price - 175 and Fundamental Target Price - 215
(2) Anant Raj Industries (515055) : - CMP - 109, Technical Target Price - 135 and Fundamental Target Price - 178.
(2) Anant Raj Industries (515055) : - CMP - 109, Technical Target Price - 135 and Fundamental Target Price - 178.
Tuesday, June 22, 2010
BANKNIFTY FOR SUPPORT 22/06/2010
BANKNIFTY (2nd Resistance) 9886
(1st Resistance) 9817.6
Pivot point 9711.3
(1st Support) 9642.9
(2nd support) 9536.6
(1st Resistance) 9817.6
Pivot point 9711.3
(1st Support) 9642.9
(2nd support) 9536.6
NIFTY FOR SUPPORT 22/06/2010
NIFTY (2nd Resistance) 5411.75
(1st Resistance) 5384.7
Pivot point 5350.5
(1st Support) 5323.45
(2nd support) 5289.25
(1st Resistance) 5384.7
Pivot point 5350.5
(1st Support) 5323.45
(2nd support) 5289.25
Friday, June 18, 2010
FII Data 18/06/2010
FIIs have net bought worth Rs 858.3 Cr and MFs have net sold worth Rs 148 Cr on 17.02.10 in Cash Segment
BANKNIFTY FOR SUPPORT 18/06/2010
BANKNIFTY (2nd Resistance) 9703.9
(1st Resistance) 9643.9
Pivot point 9536.95
(1st Support) 9476.95
(2nd support) 9370
(1st Resistance) 9643.9
Pivot point 9536.95
(1st Support) 9476.95
(2nd support) 9370
NIFTY FOR SUPPORT 18/06/2010
NIFTY (2nd Resistance) 5353.6
(1st Resistance) 5319.2
Pivot point 5262.6
(1st Support) 5228.2
(2nd support) 5171.6
(1st Resistance) 5319.2
Pivot point 5262.6
(1st Support) 5228.2
(2nd support) 5171.6
Thursday, June 17, 2010
NIFTY FOR SUPPORT 17/06/2010
NIFTY (2nd Resistance) 5267.42
(1st Resistance) 5246.93
Pivot point 5228.97
(1st Support) 5208.48
(2nd support) 5190.52
(1st Resistance) 5246.93
Pivot point 5228.97
(1st Support) 5208.48
(2nd support) 5190.52
Wednesday, June 16, 2010
BANKNIFTY FOR SUPPORT 16/06/2010
BANKNIFTY (2nd Resistance) 9657.75
(1st Resistance) 9597.65
Pivot point 9498.9
(1st Support) 9438.8
(2nd support) 9340.05
(1st Resistance) 9597.65
Pivot point 9498.9
(1st Support) 9438.8
(2nd support) 9340.05
NIFTY FOR SUPPORT 16/06/2010
NIFTY (2nd Resistance) 5289.77
(1st Resistance) 5262.03
Pivot point 5217.52
(1st Support) 5189.78
(2nd support) 5145.27
(1st Resistance) 5262.03
Pivot point 5217.52
(1st Support) 5189.78
(2nd support) 5145.27
Tuesday, June 15, 2010
BANKNIFTY FOR SUPPORT 15/06/2010
BANKNIFTY (2nd Resistance) 9592.93
(1st Resistance) 9556.87
Pivot point 9493.43
(1st Support) 9457.37
(2nd support) 9393.93
(1st Resistance) 9556.87
Pivot point 9493.43
(1st Support) 9457.37
(2nd support) 9393.93
NIFTY FOR SUPPORT 15/06/2010
NIFTY (2nd Resistance) 5254.77
(1st Resistance) 5229.78
Pivot point 5184.02
(1st Support) 5159.03
(2nd support) 5113.27
(1st Resistance) 5229.78
Pivot point 5184.02
(1st Support) 5159.03
(2nd support) 5113.27
Global Markets 15/06/2010
DOW10190(-20)NASDEQ2243(+.36)S&P1089(1.97)SGX (+3)HANGSANG(+14)NIKKI(-17)KOSPI(+2)STRAITS(-1)FII(+349)DII(-41)
Monday, June 14, 2010
BUY &SELL STOCK 14/06/10
1. Buy HDFC Bank above 1942 Stop-loss : 1927.9 Targets : 1968/1980
2. Buy Mphasis above 583 Stop-loss : 578 Targets : 593/598
3. Buy Siemens above 721 Stop-loss : 714 Targets : 733/738
4. Sell Hindustan Petroleum below 348 Stop-loss : 351.5 Targets : 341/338
2. Buy Mphasis above 583 Stop-loss : 578 Targets : 593/598
3. Buy Siemens above 721 Stop-loss : 714 Targets : 733/738
4. Sell Hindustan Petroleum below 348 Stop-loss : 351.5 Targets : 341/338
Friday, June 11, 2010
BANKNIFTY FOR SUPPORT 11/06/2010
BANKNIFTY (2nd Resistance) 9475.92
(1st Resistance) 9403.73
Pivot point 9271.87
(1st Support) 9199.68
(2nd support) 9067.82
(1st Resistance) 9403.73
Pivot point 9271.87
(1st Support) 9199.68
(2nd support) 9067.82
NIFTY FOR SUPPORT 11/06/2010
NIFTY (2nd Resistance) 5150.03
(1st Resistance) 5118.07
Pivot point 5061.53
(1st Support) 5029.57
(2nd support) 4973.03
(1st Resistance) 5118.07
Pivot point 5061.53
(1st Support) 5029.57
(2nd support) 4973.03
Global Markets 11/06/2010
DOW10172(+273)NASDEQ2218(+59)S&P1086(+31)SGX (+38)HANGSANG(+280)NIKKI(+190)KOSPI(+15)STRAITS(+14)SHANGHAI(+21)FII(+244)DII(-105)
Thursday, June 10, 2010
BUY &SELL STOCK 10/06/10
1. Buy PFC above 303 SL 299.90 TGT 309-311
2. Buy ACC above 853.20 SL 846.90 TGT 865-875
3. Sell Wipro below 625 SL 630.10 TGT 615-611
4. Sell Tata Motors below 730 SL 735.10 TGT 719-715
2. Buy ACC above 853.20 SL 846.90 TGT 865-875
3. Sell Wipro below 625 SL 630.10 TGT 615-611
4. Sell Tata Motors below 730 SL 735.10 TGT 719-715
BANKNIFTY FOR SUPPORT 10/06/2010
BANKNIFTY (2nd Resistance) 9339.12
(1st Resistance) 9240.43
Pivot point 9150.22
(1st Support) 9051.53
(2nd support) 8961.32
(1st Resistance) 9240.43
Pivot point 9150.22
(1st Support) 9051.53
(2nd support) 8961.32
NIFTY FOR SUPPORT 10/06/2010
NIFTY (2nd Resistance) 5098.87
(1st Resistance) 5044.63
Pivot point 4998.87
(1st Support) 4944.63
(2nd support) 4898.87
(1st Resistance) 5044.63
Pivot point 4998.87
(1st Support) 4944.63
(2nd support) 4898.87
Tuesday, June 8, 2010
MARKETS OPENED 08/06/2010
Markets opened lower in the wake of extremely weak global cues and traded with negative bias throughout the
day to close in red. We maintain our view that till the higher bottom of 16550 / 4960 is intact, the markets have
fair chance of a bounce back. In the coming trading session if indices trade convincingly above 16817 / 5046
levels then it can test the 16871 – 16925 / 5060 – 5093 levels. On the downside 16700 – 16612 / 5000 – 4980 levels remains support for the day.
day to close in red. We maintain our view that till the higher bottom of 16550 / 4960 is intact, the markets have
fair chance of a bounce back. In the coming trading session if indices trade convincingly above 16817 / 5046
levels then it can test the 16871 – 16925 / 5060 – 5093 levels. On the downside 16700 – 16612 / 5000 – 4980 levels remains support for the day.
Stocks for Intraday
1. Buy Dena Bank above 93.50 SL 92.60 TGT 95.30-96.50
2. Buy REC Ltd above 279.20 SL 276.90 TGT 284-286
3. Sell Bharat Forge below 259 SL 261 TGT 255-253
4. Sell Tata Motors below 739 SL 744.50 TGT 729-725
2. Buy REC Ltd above 279.20 SL 276.90 TGT 284-286
3. Sell Bharat Forge below 259 SL 261 TGT 255-253
4. Sell Tata Motors below 739 SL 744.50 TGT 729-725
Friday, June 4, 2010
BANKNIFTY FOR SUPPORT 04/06/2010
BANKNIFTY (2nd Resistance) 9380.45
(1st Resistance) 9332.9
Pivot point 9251.45
(1st Support) 9203.9
(2nd support) 9122.45
(1st Resistance) 9332.9
Pivot point 9251.45
(1st Support) 9203.9
(2nd support) 9122.45
NIFTY FOR SUPPORT 04/06/2010
NIFTY (2nd Resistance) 5136.02
(1st Resistance) 5115.98
Pivot point 5088.77
(1st Support) 5068.73
(2nd support) 5041.52
(1st Resistance) 5115.98
Pivot point 5088.77
(1st Support) 5068.73
(2nd support) 5041.52
put options 04/06/2010
Yesterday, the 5000 and 5100 put options each
added around 35,000 contracts, which is
comparatively high. On the other hand, the 5200
and 5300 call options added considerable open
interest.
added around 35,000 contracts, which is
comparatively high. On the other hand, the 5200
and 5300 call options added considerable open
interest.
MARKETS OPENED 04/06/2010
if indices trade convincingly above 17073 / 5126 levels then indices are likely to test 17330 – 17390 /
5190 – 5220 levels. On the downside 16884 – 16826 / 5067 – 5048 levels may act support for the day.
5190 – 5220 levels. On the downside 16884 – 16826 / 5067 – 5048 levels may act support for the day.
Wednesday, June 2, 2010
MARKET ENDS 02.06.10
Our market ends a flat session of trade on a strong note following a last half an hour pull-back on the back of short covering. For most part of the day, the market however, traded within a narrow range. Sensex closed at 16774, up 201 points (provisional) and Nifty at 5027, up 57 points (provisional) from the previous close. CNX Midcap index was up 1% and BSE Smallcap index was up 0.8%. The market breadth was positive with advances at 835 against declines of 433
Tuesday, June 1, 2010
MARKETS OPENED 01/06/2010
Markets opened on a flat note and traded with choppiness to close with marginal gains. After a continuous rally of
nearly 300 points in the past four sessions, the daily charts now indicate a candle stick pattern which resembles a
“Hanging man” formation. This indicates that if the low of the “Hanging man” i.e. 16806 / 5038 is broken, then we
may witness a fall up to 16600 – 16450 / 4980 – 4940 levels. On the upside, if indices convincingly trade above
17000 / 5100 level then it may test 17200 – 17300 / 5140 – 5165 levelsBookmark
nearly 300 points in the past four sessions, the daily charts now indicate a candle stick pattern which resembles a
“Hanging man” formation. This indicates that if the low of the “Hanging man” i.e. 16806 / 5038 is broken, then we
may witness a fall up to 16600 – 16450 / 4980 – 4940 levels. On the upside, if indices convincingly trade above
17000 / 5100 level then it may test 17200 – 17300 / 5140 – 5165 levelsBookmark
BANKNIFTY FOR SUPPORT 01/06/2010
BANKNIFTY (2nd Resistance) 9340.5
(1st Resistance) 9297.2
Pivot point 9229.7
(1st Support) 9186.4
(2nd support) 9118.9
(1st Resistance) 9297.2
Pivot point 9229.7
(1st Support) 9186.4
(2nd support) 9118.9
NIFTY FOR SUPPORT 01/06/2010
NIFTY (2nd Resistance) 5104.13
(1st Resistance) 5080.17
Pivot point 5047.73
(1st Support) 5023.77
(2nd support) 4991.33
(1st Resistance) 5080.17
Pivot point 5047.73
(1st Support) 5023.77
(2nd support) 4991.33
Monday, May 31, 2010
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
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
Support 1 5006.45
Pivot Point 5030.55
Resistance 1 5065.1
Resistance 2 5089.2
Friday, May 28, 2010
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.
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.
Thursday, May 27, 2010
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
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
Support 1 4872.93
Pivot Point 4898.97
Resistance 1 4943.08
Resistance 2 4969.12
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
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
Tuesday, May 25, 2010
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
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
Support 1 4886.73
Pivot Point 4954.87
Resistance 1 4999.18
Resistance 2 5067.32
Thursday, May 20, 2010
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
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
Wednesday, May 19, 2010
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
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
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.
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.
Tuesday, May 18, 2010
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
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
Support 1 4988.57
Pivot Point 5031.68
Resistance 1 5101.17
Resistance 2 5144.28
Friday, May 14, 2010
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
(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
(1st Resistance) 5290.13
Pivot point 5267.57
(1st Support) 5239.03
(2nd support) 5216.47
Wednesday, May 12, 2010
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
(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
(1st Resistance) 5175.47
Pivot point 5148.73
(1st Support) 5106.22
(2nd support) 5079.48
Tuesday, May 11, 2010
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
(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
(1st Resistance) 5245.7
Pivot point 5162.85
(1st Support) 5117.4
(2nd support) 5034.55
Friday, May 7, 2010
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
(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
(1st Resistance) 5126.1
Pivot point 5075.55
(1st Support) 5036.6
(2nd support) 4986.05
Thursday, May 6, 2010
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.
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
(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
(1st Resistance) 5151.1
Pivot point 5102.05
(1st Support) 5071.1
(2nd support) 5022.05
Wednesday, May 5, 2010
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
(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
(1st Resistance) 5210.52
Pivot point 5169.33
(1st Support) 5100.67
(2nd support) 5059.48
Tuesday, May 4, 2010
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
(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
(1st Resistance) 5241.52
Pivot point 5221.93
(1st Support) 5198.87
(2nd support) 5179.28
Monday, May 3, 2010
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
(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
(1st Resistance) 5284.53
Pivot point 5268.27
(1st Support) 5246.53
(2nd support) 5230.27
Friday, April 30, 2010
Bank of Baroda Resistance 30/04/2010
Bank of Baroda : (2nd Resistance) 706.8
(1st Resistance) 698.8
Pivot point 692.95
(1st Support) 684.95
(2nd support) 679.1
(1st Resistance) 698.8
Pivot point 692.95
(1st Support) 684.95
(2nd support) 679.1
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