NIFTY FOR SUPPORT 30/04/2010

NIFTY. (2nd Resistance) 5268.22
(1st Resistance) 5256.63
Pivot point 5240.97
(1st Support) 5229.38
(2nd support) 5213.72

BANKNIFTY FOR SUPPORT 28/04/2010

BANKNIFTY (2nd Resistance) 9844.85
(1st Resistance) 9803.7
Pivot point 9776.85
(1st Support) 9735.7
(2nd support) 9708.85

NIFTY FOR SUPPORT 28/04/2010

NIFTY (2nd Resistance) 5348.95
(1st Resistance) 5329
Pivot point 5313.95
(1st Support) 5294
(2nd support) 5278.95

NIFTY BUY 28/04/2010

 Buy Nifty April futs. @ 5270.00 - 5250.00 ; Stop-Loss 5235.00  Tgt 5320.00 Time frame ( 1 - 2 days )

Quarterly Results 27/04/2010

 Quarterly Results today

JSW Energy Petronet LNG

Piramal Life

PTC India 

Power Finance

Shree Renuka Sugars

Welspun Gujarat

Yes Bank.

Container Corp

Dena Bank

IDFC

IDEA

Ispat Inds

JSWSTEEL Resistance 27/04/2010

 JSWSTEEL has short positions in it. Due to short covering further positive move can be expected.JSWSTEEL (2nd Resistance) 1245.97 (1st Resistance) 1230.08 Pivot point 1217.82 (1st Support) 1201.93 (2nd support) 1189.67

Stocks to watch for today 27/04/2010

HINDZINC (2nd Resistance) 1276.75 (1st Resistance) 1262.5 Pivot point 1240.75 (1st Support) 1226.5 (2nd support) 1204.75 IBREALEST (2nd Resistance) 178.83 (1st Resistance) 174.87 Pivot point 172.38 (1st Support) 168.42 (2nd support) 165.93

BANKNIFTY FOR SUPPORT 27/04/2010

BANKNIFTY (2nd Resistance) 9922.88
(1st Resistance) 9881.77
Pivot point 9849.88
(1st Support) 9808.77
(2nd support) 9776.88

NIFTY FOR SUPPORT 27/04/2010

NIFTY (2nd Resistance) 5362.37
(1st Resistance) 5341.13
Pivot point 5325.57
(1st Support) 5304.33
(2nd support) 5288.77

Results Company

Today Results - April 23, 2010  

3I Infotech  

Adc India Comm  

Aditya Birla Money  

Areva T&D  

ARIH SUPER  

Arshiya Intl  

Asahi Infra  

Binani Cement  

Binani Inds  

Brakes Auto  

Cheslind Tex

Company 

Citurgia Bio  

Clariant Chem  

Cochin Malabar  

Corporation Bank  

Entegra  

GIVO  

Glaxosmithkl Cons  

GMR Inds  

Hindoostan Spin  

Hindustan Hardy  

India Gelatine

Company

Jain Marble  

Kanani Inds  

Mahindra Lifesp  

Merck  

MMTC  

Nippo Battr  

PANTALBNDVR  

Pantaloon Retl  

PERSISTENT  

Piramal Glass  

Procter & Gamble  

Company 

RAS Resorts  

Reliable Vent  

RIL  

Rishabh Digha  

Rolcon Engr  

Sandu Pharma  

SKF India  

SKP Securities  

Skyline Millars  

South Asian Petr  

SS Forgings

Company

Stanrose Mafat  

State

Afternoon Technical Outlook Nifty 22/04/2010

Afternoon Technical Outlook  Nifty 5287  Nifty achieves all  the mentioned resistance levels up to 5296, revised resistance level is 5324  & revised supports are 5267 /5220 for rest of the day. Reliance displaying good strength. Reliance Infra, Rel Power & Tata motors looking positive for coming trading sessions.

Buy Nifty 21/04/2010

Nifty Tracker : - Buy Nifty April futs. @ 5258.00 - 5248.00 ; Stop-Loss 5231.30  Tgt 5325.00 Time frame ( 1 - 2 days )

BANKNIFTY FOR SUPPORT 21/04/2010

BANKNIFTY Support 1 9246.35
Support 1 9349.6
Pivot Point 9428.25
Resistance 1 9531.5
Resistance 2 9610.15

SUPPORT FOR NIFTY 21/04/2010

NIFTY Support 1 5182.48
Support 1 5204.57
Pivot Point 5230.03
Resistance 1 5252.12
Resistance 2 5277.58

BUY ESCORTS 16/04/2010

BUY PURE  DELIVERY  SHORT  TERM  ESCORTS CMP 162.65  SL 150 TG 200

BANKNIFTY FOR SUPPORT 16/04/2010

BANKNIFTY Support 1 9194.52
Support 1 9275.78
Pivot Point 9426.37
Resistance 1 9507.63
Resistance 2 9658.22

NIFTY FOR SUPPORT 16/04/2010

 NIFTY Support 1 5198.3
Support 1 5237.8
Pivot Point 5307.65
Resistance 1 5347.15
Resistance 2 5417

BANKNIFTY FOR SUPPORT 15/04/2010

BANKNIFTY Support 1 9430.38

Support 1 9466.77

Pivot Point 9512.38

Resistance 1 9548.77

Resistance 2 9594.38

SUPPORT FOR NIFTY 15/04/2010

NIFTY Support 1 5295.2

Support 1 5312.4

Pivot Point 5325.2

Resistance 1 5342.4

Resistance 2 5355.2

SUPPORT FOR BANKNIFTY 13/04/2010

BANKNIFTY Support 1 9468.45
Support 1 9522.9
Pivot Point 9605.45

Resistance1 9659.9
Resistance 2 9742.45

SUPPORT FOR NIFTY 13/04/2010

NIFTY Support 1 5292.67

Support 1 5318.23

Pivot Point 5348.02

Resistance 1 5373.58
Resistance 2 5403.37

SUPPORT FOR BANKNIFTY 12/04/2010

BANKNIFTY Support 1 9477.38

Support 1 9571.27

Pivot Point 9639.88

Resistance 1 9733.77

Resistance 2 9802.38

NIFTY FOR SUPPORT 12/04/2010

NIFTY Support 1 5271.83

Support 1 5318.37

Pivot Point 5353.63

Resistance 1 5400.17

Resistance 2 5435.43

BUY LICHSGFIN 09/04/2010

INTRA CASH BUY LICHSGFIN BUY ABV 895 TGT 900/904/903 SL 890

BUY ONGC 09/04/2010

Continuous correction in ONGC has taken place

and the counter has strong support around

Rs.1050. Negative move around support can be

used by positional traders to form long positions,

for the target of Rs.1100, with the stop loss of

Rs.1035.

Amongst IT Stocks 0

Amongst IT stocks HCLTECH is trading around its

support of Rs340 levels. Due to short covering in

the counter we can expect target of Rs.360 with the

stop loss of Rs.332

BANKNIFTY FOR SUPPORT 09/04/2010

BANKNIFTY Support 1 9394.95

Support 1 9458.8

Pivot Point 9564.9

Resistance 1 9628.75

Resistance 2 9734.85

SUPPORT FOR NIFTY 09/04/2010

NIFTY Support 1 5240.67

Support 1 5271.13

Pivot Point 5320.57

Resistance 1 5351.03

Resistance 2 5400.47

BANKNIFTY FOR SUPPORT 08/04/2010

BANKNIFTY Support 1 9560.13

Support 1 9624.27

Pivot Point 9705.63

Resistance 1 9769.77

Resistance 2 9851.13

SUPPORT FOR NIFTY 08/04/2010

NIFTY Support 1 5318.72

Support 1 5348.83

Pivot Point 5373.42

Resistance 1 5403.53

Resistance 2 5428.12

BUY NIFTY 07/04/2010

BUY NIFTY

BUY ABV 5380

TGT 5400/5410/5420

SL 5355

CASH LEVEL

BANKNIFTY FOR SUPPORT 07/04/2010

BANKNIFTY Support 1 9609.17

Support 1 9666.93

Pivot Point 9720.87

Resistance 1 9778.63

Resistance 2 9832.57

SUPPORT FOR NIFTY 07/04/2010

NIFTY Support 1 5334.03

Support 1 5350.57

Pivot Point 5368.78

Resistance 1 5385.32

Resistance 2 5403.53

MARKETS OPENED06/04/2010

if indices trade above 17949 / 5378

levels. On the upside indices are likely to test 18000 – 18120 / 5400 – 5450 levels. On the downside 17768 –

17714 / 5324 – 5300 levels may act as support for the market.

Markets opened 01/04/2010

Markets opened on a flat note, witnessed a rally in the first hour of the session which was short lived that led the

indices to close in red. On the daily charts the momentum oscillators viz. the RSI and the Stochastic are still

negatively poised. If indices trade below 17488 / 5235 levels then they are likely to test 17383 - 17244 / 5200 -

5160 levels. However, a bounce to 17604 – 17676 / 5270 – 5293 levels cannot be ruled out.

INDOCES IS STILL IN POSITIVE 30/03/2010

Indices is still in positive territory and may move up to 17800-17900-18220 & 5320-5360-5435 under the leadership of Banking Sector. For, the said journey in near term one should watch for the support at 17645-17555 & 5282-5255

SUPPORT FOR BANKNIFTY 30/03/2010

BANKNIFTY

Reversal Level 9524.1

Resistance 1 9595.2

Resistance 2 9660.6

Support 1 9458.7

Support 1 9387.6

SUPPORT FOR BANKNIFTY 18/03/2010

BANKNIFTY Support 1 9102.02

Support 1 9147.83

Pivot Point 9188.42

Resistance 1 9234.23

Resistance 2 9274.82

SUPPORT FOR NIFTY18/03/2010

NIFTY Support 1 5194.73

Support 1 5217.17

Pivot Point 5244.53

Resistance 1 5266.97

Resistance 2 5294.33

BANKNIFTY Support 16/03/2010

BANKNIFTY Support 1 9010.47

Support 1 9045.83

Pivot Point 9096.42

Resistance 1 9131.78

Resistance 2 9182.37

NIFTY Support 16/03/2010

NIFTY Support 1 5093.8

Support 1 5112.85

Pivot Point 5124.55

Resistance 1 5143.6

Resistance 2 5155.3

support for the markets 15/03/2010

On the daily chart, we are witnessing series of narrow range candlestick bodies, which indicates indecisiveness

and lack of clear trend. Hence, we are of the opinion that if indices trade above 17245 / 5158 levels then it is

likely to test 17360 – 17580 / 5200 -5250. On the downside side 17027 – 16890 / 5092 – 5050 may act as a

support for the markets.

BUY CALL BHARTIARTL 12/03/2010

BUY CALL BHARTIARTL CMP 297.50-298 FOR TARGET 308.10 STOP LOSS 291 (1-2DAY>

INTRADAY CALL SELL NIFTY 12/03/2010

INTRADAY CALL SELL NIFTY CMP 5150-5155 STOP LOSS 5170 TARGET 5110

BANKNIFTY Support 12/03/2010

BANKNIFTY Support 1 9014.87

Support 1 9099.73

Pivot Point 9159.87

Resistance 1 9244.73

Resistance 2 9304.87

NIFTY Support 12/03/2010

NIFTY Support 1 5078.48

Support 1 5112.67

Pivot Point 5136.78

Resistance 1 5170.97

Resistance 2 5195.08

BANKNIFTY Support 11/03/2010

BANKNIFTY Support 1 9030.57

Support 1 9073.13

Pivot Point 9112.57

Resistance 1 9155.13

Resistance 2 9194.57

NIFTY Support 11/03/2010

NIFTY Support 1 5073.88

Support 1 5096.07

Pivot Point 5117.83

Resistance 1 5140.02

Resistance 2 5161.78

BANKNIFTY Support 10/03/2010

BANKNIFTY Support 1 9016.4

Support 1 9069.6

Pivot Point 9112.3

Resistance 1 9165.5

Resistance 2 9208.2

NIFTY Support 10/03/2010

NIFTY Support 1 5072.15

Support 1 5084.6

Pivot Point 5104.65

Resistance 1 5117.1

Resistance 2 5137.15

BANKNIFTY Support 09/03/2010

BANKNIFTY Support 1 9038.72

Support 1 9085.43

Pivot Point 9126.72

Resistance 1 9173.43

Resistance 2 9214.72

NIFTY Support 09/03/2010

NIFTY Support 1 5082.77

Support 1 5100.13

Pivot Point 5122.57

Resistance 1 5139.93

Resistance 2 5162.37

INTRADAY TIPS BUY KOTAK

BUY KOTAK BANK @ 782 TRG 792 SL 770 1-2 DAY

BANKNIFTY Support 05/03/2010

BANKNIFTY Support 1 8925.52

Support 1 8968.03

Pivot Point 9009.02

Resistance 1 9051.53

Resistance 2 9092.52

NIFTY Support 05/03/2010

NIFTY Support 1 5034.15

Support 1 5057.7

Pivot Point 5073.85

Resistance 1 5097.4

Resistance 2 5113.55

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

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

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.