BANKNIFTY Support 25/02/2010

BANKNIFTY Support 1 8416.07

Support 1 8458.13

Pivot Point 8498.07

Resistance 1 8540.13

Resistance 2 8580.07

NIFTY Support 25/02/2010

NIFTY Support 1 4821.07

Support 1 4841.53

Pivot Point 4862.77

Resistance 1 4883.23

Resistance 2 4904.47

BANKNIFTY Support 24/02/2010

BANKNIFTY Support 1 8373.83

Support 1 8444.67

Pivot Point 8514.83

Resistance 1 8585.67

Resistance 2 8655.83

NIFTY Support 24/02/2010

NIFTY Support 1 4804.18

Support 1 4837.37

Pivot Point 4863.18

Resistance 1 4896.37

Resistance 2 4922.18

BANKNIFTY Support 23/02/2010

BANKNIFTY Support 1 8365.63

Support 1 8422.97

Pivot Point 8509.48

Resistance 1 8566.82

Resistance 2 8653.33

NIFTY Support 23/02/2010

NIFTY Support 1 4806.2

Support 1 4831.4

Pivot Point 4874.2

Resistance 1 4899.4

Resistance 2 4942.2

BANKNIFTY Support 22/02/2010

BANKNIFTY Support 1 8339.23

Support 1 8411.22

Pivot Point 8475.08

Resistance 1 8547.07

Resistance 2 8610.93

NIFTY Support 22/02/2010

NIFTY Support 1 4755.15

Support 1 4800.55

Pivot Point 4842.75

Resistance 1 4888.15

Resistance 2 4930.35

BUY CALL 22/02/2010

Buy Apollo Tyres for 6-8 weeks at CMP of Rs.58 & on decline upto Rs. 54 With the SL of Rs. 50.5 and Trg. Price of Rs.68

Buy JK Tyres for 4 months at CMP of Rs.170.6 & on declines upto Rs.160 With the SL of Rs. 150 and Trg. Price of Rs.240 - 245

Buy Bayer Crop for 6 weeks at CMP of Rs.586 & on declines upto Rs.560 With the SL of Rs. 520 and Trg. Price of Rs. 650 - 660

Buy KS Oil for 3-4 weeks at CMP of Rs.70 With the SL of Rs. 67 and Trg. Price of Rs.78

Markets witnessed a gap down opening22/.2/2010

Markets witnessed a gap down opening, attempted a recovery in the second half of the session which was unsustained, leading the indices to close in the red. On the daily charts, the move which started from 15652 to 16484 / 4675 to 4930 has been retraced by 50% (as shown in the chart). Normally retracement / correction up to 50%of the preceding move, act as a good support. In the coming trading session if indices trade convincingly above 4890 / 16302 levels then it is likely to test 16420 – 16480 / 4910 – 4930 levels. On downside 16024 -15892 / 4800 – 4750 levels may act as support for the day. As the market awaits firm directional clues from the Budget, traders are advised to trade with lighter positions

Markets opened on a subdued note19/02/2010

Markets opened on a subdued note, traded in a narrow range with a negative bias and finally closed in the negative territory. On the Hourly charts we are witnessing that indices are trading in an upward slopping channel. The prices have moved very close to the lower trend line of the channel. The rising lower trend line of the channel should act as a support (16200 / 4860 levels).If the indices hold on to the lower trend line, then it is likely to test 16480 – 16550 / 4930 – 4950 or to an outer extent of 16680 / 4980 levels. On the flip side if indices breach the lower trend line then it is likely to test 16130 – 16049 / 4830 – 4800 levels

BANKNIFTY Support 18/02/2010

BANKNIFTY Support 1 8409.18

Support 1 8473.27

Pivot Point 8514.08

Resistance 1 8578.17

Resistance 2 8618.98

NIFTY Support 18/02/2010

NIFTY Support 1 4854.38

Support 1 4880.57

Pivot Point 4904.23

Resistance 1 4930.42

Resistance 2 4954.08

Stocks to watch positionally 18/02/2010

EDUCOMP RENUKA AXISBANK IBREALESTATE HOTELEELA INDHOTEL..., also keep watch on REC, AREVA T&D, ITC...

Markets opened 18/02/2010

Markets opened on a positive note in the wake of strong global cues and the strength was visible throughout the

day which led the indices to close near day’s high. Further, indices closing above the 20 days SMA and the RSI

value approaching 50 levels suggest further upside. On the upside, if indices trade convincingly above 16560 /

4950 levels then it is likely to test 16700 / 5013 levels. On the down side 16230 / 4850 levels may act support for

the day. Traders are advised to adopt stock specific strategy with strict stop loss.

TITAN IND 18/02/2010

The stock has given a trendline

breakout on the daily charts

along with rising volumes .

Further the pattern resembles a

Flag breakout.This suggests

further upside. Traders can buy

this stock in the range of

Rs.1797.00 -Rs.1770 .00 with a

stop loss of Rs.1710 .00 for a

target of Rs1970.00 in coming 8 -

10 trading sessions.

BANKNIFTY Support 17/02/2010

BANKNIFTY Support 1 8217.6

Support 1 8315.2

Pivot Point 8383.6

Resistance 1 8481.2

Resistance 2 8549.6

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