BANKNIFTY FOR SUPPORT 16/06/2010

BANKNIFTY (2nd Resistance) 9657.75
(1st Resistance) 9597.65
Pivot point 9498.9
(1st Support) 9438.8
(2nd support) 9340.05

NIFTY FOR SUPPORT 16/06/2010

NIFTY (2nd Resistance) 5289.77
(1st Resistance) 5262.03
Pivot point 5217.52
(1st Support) 5189.78
(2nd support) 5145.27

BANKNIFTY FOR SUPPORT 15/06/2010

BANKNIFTY (2nd Resistance) 9592.93
(1st Resistance) 9556.87
Pivot point 9493.43
(1st Support) 9457.37
(2nd support) 9393.93

NIFTY FOR SUPPORT 15/06/2010

NIFTY (2nd Resistance) 5254.77
(1st Resistance) 5229.78
Pivot point 5184.02
(1st Support) 5159.03
(2nd support) 5113.27

Global Markets 15/06/2010

DOW10190(-20)NASDEQ2243(+.36)S&P1089(1.97)SGX (+3)HANGSANG(+14)NIKKI(-17)KOSPI(+2)STRAITS(-1)FII(+349)DII(-41)

BUY DENABANK 14/06/2010

BUY DENA BANK CMP 92.30 STOP LOSS 91.60  TARGET94.50

BUY &SELL STOCK 14/06/10

1. Buy HDFC Bank above 1942 Stop-loss : 1927.9 Targets : 1968/1980
2. Buy Mphasis above 583 Stop-loss : 578 Targets : 593/598
3. Buy Siemens above 721 Stop-loss : 714 Targets : 733/738
4. Sell Hindustan Petroleum below 348 Stop-loss : 351.5 Targets : 341/338

BANKNIFTY FOR SUPPORT 11/06/2010

BANKNIFTY (2nd Resistance) 9475.92
(1st Resistance) 9403.73
Pivot point 9271.87
(1st Support) 9199.68
(2nd support) 9067.82

NIFTY FOR SUPPORT 11/06/2010

NIFTY (2nd Resistance) 5150.03
(1st Resistance) 5118.07
Pivot point 5061.53
(1st Support) 5029.57
(2nd support) 4973.03

Global Markets 11/06/2010

DOW10172(+273)NASDEQ2218(+59)S&P1086(+31)SGX (+38)HANGSANG(+280)NIKKI(+190)KOSPI(+15)STRAITS(+14)SHANGHAI(+21)FII(+244)DII(-105)

BUY RPOWER 10/06/10

BUY RPOWER CMP155.50  STOP LOSS 152.50  TARGET

159.80

BUY &SELL STOCK 10/06/10

1. Buy PFC above 303 SL 299.90 TGT 309-311
2. Buy ACC above 853.20 SL 846.90 TGT 865-875
3. Sell Wipro below 625 SL 630.10 TGT 615-611
4. Sell Tata Motors below 730 SL 735.10 TGT 719-715

BANKNIFTY FOR SUPPORT 10/06/2010

BANKNIFTY (2nd Resistance) 9339.12
(1st Resistance) 9240.43
Pivot point 9150.22
(1st Support) 9051.53
(2nd support) 8961.32

NIFTY FOR SUPPORT 10/06/2010

NIFTY (2nd Resistance) 5098.87
(1st Resistance) 5044.63
Pivot point 4998.87
(1st Support) 4944.63
(2nd support) 4898.87

BUY EDUCOMP 08/06/2010

BUY EDUCOMP CMP 531.50 STOP LOSS  523 TARGET 555

MARKETS OPENED 08/06/2010

 Markets opened lower in the wake of extremely weak global cues and traded with negative bias throughout the
day to close in red. We maintain our view that till the higher bottom of 16550 / 4960 is intact, the markets have
fair chance of a bounce back. In the coming trading session if indices trade convincingly above 16817 / 5046
levels then it can test the 16871 – 16925 / 5060 – 5093 levels. On the downside 16700 – 16612 / 5000 – 4980 levels remains support for the day.

Stocks for Intraday

1. Buy Dena Bank above 93.50 SL 92.60 TGT 95.30-96.50

2. Buy REC Ltd above 279.20 SL 276.90 TGT 284-286
3. Sell Bharat Forge below 259 SL 261 TGT 255-253
4. Sell Tata Motors below 739 SL 744.50 TGT 729-725

SELL NIFTY 04/06/2010

SELL NIFTY @ 5080-5085 Stop loss @ 5102 Target @ 5040-5035

BANKNIFTY FOR SUPPORT 04/06/2010

BANKNIFTY (2nd Resistance) 9380.45
(1st Resistance) 9332.9
Pivot point 9251.45
(1st Support) 9203.9
(2nd support) 9122.45

NIFTY FOR SUPPORT 04/06/2010

NIFTY (2nd Resistance) 5136.02
(1st Resistance) 5115.98
Pivot point 5088.77
(1st Support) 5068.73
(2nd support) 5041.52

put options 04/06/2010

Yesterday, the 5000 and 5100 put options each
added around 35,000 contracts, which is
comparatively high. On the other hand, the 5200
and 5300 call options added considerable open
interest.

MARKETS OPENED 04/06/2010

if indices trade convincingly above 17073 / 5126 levels then indices are likely to test 17330 – 17390 /
5190 – 5220 levels. On the downside 16884 – 16826 / 5067 – 5048 levels may act support for the day.

MARKET ENDS 02.06.10

Our market ends a flat session of trade on a strong note following a last half an hour pull-back on the back of short covering. For most part of the day, the market however, traded within a narrow range. Sensex closed at 16774, up 201 points (provisional) and Nifty at 5027, up 57 points (provisional) from the previous close. CNX Midcap index was up 1% and BSE Smallcap index was up 0.8%. The market breadth was positive with advances at 835 against declines of 433 

MARKETS OPENED 01/06/2010

Markets opened on a flat note and traded with choppiness to close with marginal gains. After a continuous rally of
nearly 300 points in the past four sessions, the daily charts now indicate a candle stick pattern which resembles a
“Hanging man” formation. This indicates that if the low of the “Hanging man” i.e. 16806 / 5038 is broken, then we
may witness a fall up to 16600 – 16450 / 4980 – 4940 levels. On the upside, if indices convincingly trade above
17000 / 5100 level then it may test 17200 – 17300 / 5140 – 5165 levelsBookmark

BANKNIFTY FOR SUPPORT 01/06/2010

BANKNIFTY (2nd Resistance) 9340.5
(1st Resistance) 9297.2
Pivot point 9229.7
(1st Support) 9186.4
(2nd support) 9118.9

NIFTY FOR SUPPORT 01/06/2010

NIFTY (2nd Resistance) 5104.13
(1st Resistance) 5080.17
Pivot point 5047.73
(1st Support) 5023.77
(2nd support) 4991.33

BANKNIFTY FOR SUPPORT 31/05/2010

BANKNIFTY Support 1 9031.02
Support 1 9123.93
Pivot Point 9203.97
Resistance 1 9296.88
Resistance 2 9376.92

NIFTY FOR SUPPORT 31/05/2010

NIFTY Support 1 4971.9
Support 1 5006.45
Pivot Point 5030.55
Resistance 1 5065.1
Resistance 2 5089.2

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.