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