NIFTY Support 17/02/2010

NIFTY Support 1 4743.4

Support 1 4804.3

Pivot Point 4848.9

Resistance 1 4909.8

Resistance 2 4954.4

BANKNIFTY Support 16/02/2010

BANKNIFTY Support 1 8139.52

Support 1 8224.03

Pivot Point 8357.02

Resistance 1 8441.53

Resistance 2 8574.52

NIFTY Support 16/02/2010

NIFTY Support 1 4741.3

Support 1 4768.5

Pivot Point 4804.25

Resistance 1 4831.45

Resistance 2 4867.2

Global Markets update 16/02/2010

DJIA Down 45.05 (0.44%) NSDQ Up 6.12 (0.28%) FTSE 100 +25.02 (0.49%) Asian Markets as on 8.30 AM NIKKEI +47.04 (0.47%) SGX NIFTY 20

Markets opened 16/02/2010

Markets opened on a flat note and traded with negative bias throughout the day to close in the negative territory

on lower volumes. The coming trading session is expected to trade sideways. Bullish pivot level for the day is

16135/4825, while the bearish pivot level is 16010/4780. If the market trades convincingly above 16135/4825

levels, then it is likely to test 16230 – 16275/4850-4870 levels. On the down side below 16010/4780 indices may

test 15890 – 15765 /4750-4710 levels.

Markets opened on a positive 11/02/2010

Markets opened on a positive note, but were unable to sustain the gains as selling emerged at higher levels and
dragged the indices to close near days low. On the daily charts, Nifty (futures), the gap down area, which is at
4824, has acted as a strong resistance where selling was witnessed. In the coming trading session if indices
trade convincingly below 15890 / 4740 levels then it is likely to test 15754 / 4700 levels or even the prior low of
15651 /4675 .On the flip side the upward momentum would resume only if indices trade above 16141 / 4830
levels.

BANKNIFTY SUPPORT 08/02/2010

BANKNIFTY Support 1 8195.92

Support 1 8230.83

Pivot Point 8259.92

Resistance 1 8294.83

Resistance 2 8323.92

NIFTY SUPPORT 08/02/2010

NIFTY Support 1 4703.25

Support 1 4726.3

Pivot Point 4748.05

Resistance 1 4771.1

Resistance 2 4792.85

Markets witnessed a gap down05/02/2010

Markets witnessed a gap down opening, in the wake of weak global cues and selling intensified in the later half of

the session, which led the indices to close near days low. On the daily chart, we are witnessing that for last four

trading sessions indices have remained stuck in the range of 16129 / 4800 on the downside and 16552 / 4950 on

the upside. Now a decisive breakout or a breakdown on either side would indicate the direction of the trend. If

indices trade below 16129 / 4800 levels then it is likely to test the prior low of 15982 /4766 and 15832 / 4700

levels. On the flip side 16552 / 4950 remains an important resistance levels and any breakout above those levels

only would certify further upside momentum. opening, in the wake of weak global cues and selling intensified in the later half of

the session, which led the indices to close near days low. On the daily chart, we are witnessing that for last four

trading sessions indices have remained stuck in the range of 16129 / 4800 on the downside and 16552 / 4950 on

the upside. Now a decisive breakout or a breakdown on either side would indicate the direction of the trend. If

indices trade below 16129 / 4800 levels then it is likely to test the prior low of 15982 /4766 and 15832 / 4700

levels. On the flip side 16552 / 4950 remains an important resistance levels and any breakout above those levels

only would certify further upside momentum.

IDBI TARGET 04/02/2010

IDBI has immediate support around 116-117 levels

and some long formation around these level was

seen in last trading session. Advisable to buy on

dips with the price target of 127

BANKNIFTY SUPPORT 04/02/2010

BANKNIFTY Support 1 8381.12

Support 1 8497.23

Pivot Point 8576.12

Resistance 1 8692.23

Resistance 2 8771.12

NIFTY SUPPORT 04/02/2010

NIFTY Support 1 4801.33

Support 1 4863.57

Pivot Point 4906.73

Resistance 1 4968.97

Resistance 2 5012.13

Indian ADRs Update 04/02/2010

Indian ADRs Update : INFOSYS Up0.13 (0.24%), WIPRO Up0.23 (1.11%), SATYAM Up0.07 (1.39%), ICICI BANK Up1.19 (3.32%), HDFC BANK Up1.23 (1.02%), MTNL Up0.03 (0.96%)

Indian ADRs Update 03/02/2010

Indian ADRs Update : INFOSYS Up0.21 (0.40%), WIPRO Down 0.32 (1.52%) , SATYAM Up0.03 (0.60%), ICICI BANK Down 0.14 (0.39%) , HDFC BANK Up0.73 (0.61%), MTNL Down 0.07 (2.20%)

Global Markets update 03/02/2010

Global Markets update: DJIA Up 111.32 (1.09%) NSDQ Up 18.86 (0.87%) FTSE 100 +35.90 (0.68%) Asian Markets as on 8.30 AM NIKKEI +29.51 (0.28%) HANG SENG +73.67 (0.36%) SGX NIFTY 27

CAIRN has support zone

CAIRN has support zone around Rs. 255-260. Due

to short covering positive move can be expected.

Dips around Rs. 260 can be used to go long, with

the target of Rs.280.

INFOSYSTCH GOOD AMOUNT

INFOSYSTCH has good amount of short positions,

and yesterday, we have seen buying interest in the

stock in the last half an hour trading. We are

expecting a positive move in this counter due to

short covering. Thus, advisable to trade with

positive bias.

we reiterate our view 03/02/2010

we reiterate our view

that indices are likely to test 16640 – 16840 / 4970 – 5030 levels in the coming trading sessions. On the down

side 16160 / 4825 may act as support for the day.

Markets opened on a negative note 03/02/2010

Markets opened on a negative note and recovered from the day’s low to close in the positive territory. In the

previous daily report we had mentioned about the bullish “Hammer” pattern formation on the daily charts.

Considering the fact that the Nifty has managed to close above the high of the “Hammer”, we reiterate our view

that indices are likely to test 16640 – 16840 / 4970 – 5030 levels in the coming trading sessions. On the down

side 16160 / 4825 may act as support for the day.

Markets staged smart recovery 01/02/2010

Markets staged smart recovery from the days low to close in the positive territory. On the daily chart we are

witnessing a bullish “Hammer” pattern at an important support levels(as shown in the chart).The low of the

hammer 15982 / 4766 will now act as support for the markets. Hence if indices trade convincingly above 16390 /

4894 levels, then indices are likely to test 16640 – 16840 / 4970 – 5030 levels. Since the intermediate trend is

down, markets may witness selling around these levels. Only a daily close above 16880 / 5035 will warrant a

review of the negative sentiments. On the flip side if the low of the hammer, 15982 / 4766, is breached then we

may witness continuation of down trend and indices may test 15800 – 15620 / 4700 – 4650 levels.