MARKETS OPENED 28/05/2010

 For second consecutive trading session market witnessed a rally which led the indices to close on a positive note.
In the coming trading session the market may face stiff resistance at the levels of 16757 / 5030. If the market
convincingly trades above this level, we may see a further rally upto 16843 - 17000 / 5050 – 5090 levels. On the
downside 16507 – 16450 / 4952 – 4938 levels may act as a support for the day.

BILPOWER LIMITED BUY 27/05/2010

BILPOWER LIMITED BUY ABOVE 177.35 SL 175.4 TGTS1 185 TGTS2190

BANKNIFTY FOR SUPPORT 27/05/2010

BANKNIFTY Support 1 8817.5
Support 1 8912.8
Pivot Point 9001.4
Resistance 1 9096.7
Resistance 2 9185.3

NIFTY FOR SUPPORT 27/05/2010

NIFTY Support 1 4828.82
Support 1 4872.93
Pivot Point 4898.97
Resistance 1 4943.08
Resistance 2 4969.12

PIRAMAL HEALTHCARE BUY 27/05/2010

PIRAMAL HEALTHCARE BUY 534 SL 525 TGTS1  545 TGTS2  556

MARKETS OPENED 27/05/2010

 Markets opened up with a gap and witnessed a sharp short covering rally which led the indices to close on a
strong note. On the daily charts, we have seen that prices have taken support on the lower trendline of the
channel and have bounced back. The trend still remains in lower top lower bottom cycle in daily charts but an
extended pull back up to 16551 to 16673 / 4962 to 4997 can be expected once indices trade above 16410 / 4926
levels. On the downside 16000 / 4800 remains crucial support level

BANKNIFTY FOR SUPPORT 25/05/2010

BANKNIFTY Support 1 8874.92
Support 1 8977.43
Pivot Point 9133.72
Resistance 1 9236.23
Resistance 2 9392.52

NIFTY FOR SUPPORT 25/05/2010

NIFTY Support 1 4842.42
Support 1 4886.73
Pivot Point 4954.87
Resistance 1 4999.18
Resistance 2 5067.32

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

NIFTY FOR SUPPORT 05/05/2010

 NIFTY (2nd Resistance) 5279.18
(1st Resistance) 5210.52
Pivot point 5169.33
(1st Support) 5100.67
(2nd support) 5059.48

BANKNIFTY FOR SUPPORT 04/05/2010

BANKNIFTY (2nd Resistance) 9894.23
(1st Resistance) 9832.72
Pivot point 9784.88
(1st Support) 9723.37
(2nd support) 9675.53

NIFTY FOR SUPPORT 04/05/2010

NIFTY (2nd Resistance) 5264.58
(1st Resistance) 5241.52
Pivot point 5221.93
(1st Support) 5198.87
(2nd support) 5179.28

Stocks To Watch For 2-3 Days

ROLTA (2nd Resistance) 193.95 (1st Resistance) 191.55 Pivot point 188.05 (1st Support) 185.65 (2nd support) 182.15 ,CIPLA (2nd Resistance) 351.55 (1st Resistance) 347.8 Pivot point 342.05 (1st Support) 338.3 (2nd support) 332.55

BANKNIFTY FOR SUPPORT 03/05/2010

BANKNIFTY (2nd Resistance) 9936.3
(1st Resistance) 9889.2
Pivot point 9846.6
(1st Support) 9799.5
(2nd support) 9756.9

NIFTY FOR SUPPORT 03/05/2010

NIFTY (2nd Resistance) 5306.27
(1st Resistance) 5284.53
Pivot point 5268.27
(1st Support) 5246.53
(2nd support) 5230.27

Bank of Baroda Resistance 30/04/2010

Bank of Baroda : (2nd Resistance) 706.8
(1st Resistance) 698.8
Pivot point 692.95
(1st Support) 684.95
(2nd support) 679.1

Quarterly Results 30/04/2010

Reliance Cap, Tech Mahindra, ABB, TTML, Titan Inds, Adani Power, Allahabad Bank, Alok Inds, Amtek Auto, Avaya Global, Bank of Maharashtra, Bharat Elect, Finolex Cables, Gateway Distrpark, GVK Power, HCL Infosystems, Hinduja Ventures, HCC, IDBI Bank, IFCI, India Cements, Info Edge India, IRB Infra, Kalindi Rail, Moser Baer, NDTV, Onmobile Global, Oudh Sugar, Shyam Telecom, Sintex Inds, Solvay Pharma, Suven Life, Tanla Solutions, Tata Elxsi, UCAL Fuel,Uco Bank, Vijaya Bank

BANKNIFTY FOR SUPPORT 30/04/2010

BANKNIFTN (2nd Resistance) 9899.57
(1st Resistance) 9852.28
Pivot point 9761.72
(1st Support) 9714.43
(2nd support) 9623.87

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