Buy ICICI Bank 05/03/2010

Buy ICICI Bank for 4-6 weeks at CMP of Rs.830 With the SL of Rs. 770 and Trg. Price of Rs.950. (booked Profits @ 905)

Buy KS Oil 05/03/2010

Buy KS Oil for 3-4 weeks at CMP of Rs.70 With the SL of Rs. 67 and Trg. Price of Rs.78 (TESTED 73.20)

Buy Bayer Crop 05/03/2010

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 (TESTED 606)

Buy JK Tyres 05/03/2010

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 ( TESTED 205)

Buy Apollo Tyres 05/03/2010

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 (TESTED 66)

MARKET MOMENTUM 03/03/2010

The momentum on the upside was witnessed

in the latter half of session to close near the days high. The coming session is likely to trade with positive bias.

On the upside indices are likely to test 17000 - 17150 / 5100 – 5150 levels. On the downside 16540 – 16400 /

4957 – 4900 may act support for the day.

BANKNIFTY Support 03/03/2010

BANKNIFTY Support 1 8717.15

Support 1 8823.2

Pivot Point 8886.05

Resistance 1 8992.1

Resistance 2 9054.95

NIFTY Support 03/03/2010

NIFTY Support 1 4940.53

Support 1 4981.67

Pivot Point 5008.18

Resistance 1 5049.32

Resistance 2 5075.83

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