Today Market Trends - 03 - Nov - 2011

03 November 2011

SENSEX (Close - 17464.85) Sensex has shown another out performance. It has denied all global cues and improved a lot after weak opening but finally closed with marginal loss. News flow from US fed and Greece are little stable. We have seen great resilience yesterday in India market. Technicals are indicating for a fall but fall has not came in expected way. Technical support will remains at 17350 levels. On higher side it will face resistance above 17650. Now a day, market is not moving in pre-market expected way. I am suggesting extreme caution for trading. I am expecting fall in index but I cannot deny stock specific buying. Trading range will remains in the zone of 17650 to 17350. We need a break on either side.

Support -17350/17212/17070                            Resistance - 17600/17735/17910

NIFTY (Close - 5258.45) Nifty has saved 5200 marks in opening and bounced. Still technical direction remains same. I am expecting a fall. It may be limited as we have technical support at 5200 levels. On higher side 5300 will be a trading resistance.

Support - 5200/5170/5150                                  Resistance - 5290/5320/5350

BHEL (Close - 315.75) I have already highlighted this stock few days back also. Technicals are suggesting for a fall towards 309 right now. I am again suggesting to trade on short side on rise near 318 with stop loss above 320. If it breaks 309 then you can expect 305 too.

Support - 312/309/305                            Resistance - 318/321/324

LT (Close - 1389.95) We have not seen the cross of 1400 from past two trading session. Its the time for a decisive move. It seems that we can expect levels like 1370 now. Trade on short side and keep stop loss just above 1400 levels. If it breaks 1370 then we can see fall towards 1350.

Support - 1370/1350/1330                                  Resistance - 1400/1411/1419

ICICI BANK (Close - 885.00)This stock has not crossed 909 resistance levels and slipped even in the last trading session. Few technical indicators are suggesting for a fall towards 850 levels. I suggest to use intraday pull back near 891 to short and keep stop loss above 900.

Support - 874/862/850                            Resistance - 892/900/909

SAIL Today come out the nos. Hold 109... No problem for bulls

RELIANCE Now consider supp 870 Resistance 882 As long as hold... good. Close above 906 - one side move.

ANDHRA BANK Below 117 time to sell For target...

ICICI BANK Above 875 no problem for bulls Real move above 910-

SBI Ready to sharp move Consider support 1880.

RELINFRA  ( Reliance Infrastructure Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	459	453	467	479
S.SELL BELOW	452	456	445	432

RECLTD  ( Rural Electrification Corporation Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	186.5	183.5	189.5	193.5
S.SELL BELOW	183	185	181	175

ALBK  ( Allahabad Bank )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	161.5	157	166.5	173
S.SELL BELOW	156	158	152	143

Today Market Trends - 02-11.2011.

02 November 2011

SENSEX (Close - 17480.83) Sensex came lower yesterday but not in the same way as compared to other leading global indices. It was really surprising. Well, just on Monday I had informed you that we had no support from 17650 to 17350 and I am still retaining my view. I was thinking as 17350 as a good support but it seems that looking on fresh development on european crisis we may need to see next support. All major european indices has slipped in the range of 3% to 5%. European zone has turned to be most unpredictable zone now. It seems that Sensex can try to go towards 17000 marks. Keep on eye on development. I must be very clear that Greece is on the verge of default. Is it the beginning of split in euro zone?

Support -17350/17212/17070                Resistance - 17600/17735/17910

NIFTY (Close - 5257.95) Nifty has came closer to 100 days moving which is now running at 5235 levels. Technicals suggests that we may see the beginning below 5200. The next technical support will be at 5170. It will remains a big question if we able to see support at lower levels.

Support - 5200/5170/5130                      Resistance - 5290/5320/5350

RELIANCE (Close - 860.60) It has already failed to cross most important pivotal at 908. This fall is turning critical now. Technicals suggest for another day of fall. One should prefer to trade on short side with stop loss above 868. In the lower side we can expect a test of 845 and then 830 marks.

Support - 845/830/818                Resistance - 867/875/884

TATASTEEL (Close - 472.00) I have advised short on SAIL yesterday. Well, weakness is gripping on this stock too. Technically we can expect levels of 450 very soon. One should prefer to trade on short side with stop loss above 478. Expect 450 in a day or two.

Support - 465/458/450                Resistance - 478/484/490

TATAMOTORS (Close - 193.45) We have seen the beginning of profit taking on this stock. Technical suggest that we can see the levels of 185 on this stock which is just next meaningful support. Trade short with stop loss above 196. It has already performed with massive gain in last month.

Support - 190/187/185                Resistance - 196/198/201

PNB Bullish break out Big move in coming days Buy on decline...

TELCO We are bearish below 206 And time to sell... Break 190 - further sell off.

TCS Strong resistance 1140-1150 Reversal to sell side.

SYNDICATE BANK Consider support 100-101 And buy side...

TVS MOTORS Result day... Close eye... 65 level And your trend decider... also.

ICICI BANK Below 910 time to sell.

HINDUNILVR  ( Hindustan Unilever Ltd. )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	390	383	396	405
S.SELL BELOW	381	385	376	364

IPCALAB  ( IPCA Laboratories Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	275	268	281	289
S.SELL BELOW	267	270	262	250

PFC  ( Power Finance Corporation Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	155.5	152.5	157	160.5
S.SELL BELOW	152	153.5	150.5	146

Today Market Trends

SENSEX (Close - 17804.80) Sensex remains firm on probable european solution. We have 200 days moving average running just above 18000 marks. Its the time for Sensex to cross 18000 marks. On 5th August we have gap down from 17650 to 17350 and on Friday we got gap up on those ranges. Nothing has traded in those ranges on last two crosses. This can add volatility to the market but it seems that technicals will keep on pointing towards a rise. Sensex will have strong support at 17650 levels. This can be a weekly support too. On higher side we may see Sensex surpassing 18000 marks anytime. As of now its time to buy in dip for stocks.

Support -17650/17500/17350             Resistance - 17910/18020/18140

NIFTY (Close - 5360.70) Nifty has 200 days moving average at 5409 levels. I am expecting a flat opening at these levels and then market may try to move towards 5410 levels. Crucial technical support will be at 5330 to 5320 levels. After a long time we will get silence in opening minutes.

Support - 5330/5300/5230                  Resistance - 5409/5454/5500

RELIANCE (Close - 900.00) This stock has got a close at 900 with high at 904. I feel that cross over of 908 will push a trigger towards 930 also. Buy in any intraday softness with stop loss at 888. This stock may remains firm for few more days.Support - 892/884/875    Resistance - 908/919/931

ICICI BANK (Close -933.35 ) We have seen strength in selective banking stocks and this was one of such stock. Technicals suggests that as long as it sustain above 930 we can expect a move towards 954 levels. I suggest to buy in intraday dip near 924-922 with stop loss at 915.

Support - 925/915/909                                    Resistance - 942/954/968

HINDZINC (Close - 127.90) Suddenly globe turning green for almost all metal stocks. I feel that its important to pick non trading stocks. Buy this stock for short term view as it can give further rise towards 140 levels very soon. It is looking good even for intraday with stop loss at 125.

Support - 125/123/121                                    Resistance - 130/132/135

JP ASSOCIATES Above 76.30 real move Major beneficial success of Formula 1 Race

SBI Major support 1700-1750 Decline to buy.... Above...? It will test the 2300-2500 mark.

INFOSYS: (2860) Sell considering 2932 a solid resistance keeping stop loss of 2972. Downward side break below 2831 it'll turn weak & fall down to 2767 & 2718. Upward side a close above 2972 it'll turn positive & surge up to 3077.

L&T: (1413) A close above 1418 it'll spurt up to 1532. Downward side 1370 & 1342 crucial supports.

M&M: (868) Buy considering 864 & 856 solid supports keeping stop loss of 844. Upward side it'll spurt up to 883, 894 & 921. Downward side break below 844 it'll fall down to 820 on intra day basis, buy again keeping stop loss of 808.

SAIL: (116) Buy considering 113 & 111 solid supports keeping stop loss of 108. Upward side it'll spurt up to 120, 125 & 131.

ONELIFECAP  ( Onelife Capital Advisors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	226	215	235	247
S.SELL BELOW	213	217	205	185

TATAMOTORS  ( Tata Motors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	207	203	210	214
S.SELL BELOW	201	205	196	191

TATASTEEL  ( Tata Steel Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	486	480	493	505
S.SELL BELOW	477	483	472	458

                                                      Wish you Happy Diwali

Today Market Trends 21.OCT. 2011.

21 October 2011

SENSEX (Close - 16936.90) Sensex slipped on global concern, ban on prepayment of floating home loans and fresh acceleration in food inflation. Zigzag pattern continue for eighth trading sessions in a row. It was almost 200 points bounce from intraday lowest levels. It seems that it can be sign of strength for today's trade. Well, now a day it become very unpredictable to decide about trading moves. Technical support will be at 16750 only. On higher side, Sensex will have stiff resistance at 17212 levels. We should take trades as it comes. We may see unpredictable moves to continue even for today also. We are on last trading day of the week and swings are expected to be wild again.

Support -16820/16750/16640                         Resistance - 17070/17212/17500

NIFTY (Close - 5091.90) Nifty has saved 5000 marks once again. We must be aware that 50 days moving average is also running at 5000 marks only. Will it try to move towards 5170? We must remember that market has tried thrice to cross but failed.

Support - 5070/5030/5000                              Resistance - 5118/5148/5170

TATASTEEL (Close - 441.60) We have seen sudden strong buying on this stock yesterday in second half. Technicals suggest that we can see a move towards 450 levels. Crossover above 450 may guide for more rise. Buy it with stop loss at 436 only.

Support - 436/432/423                                    Resistance - 450/456/464

SBIN (Close - 1935.05) If this stock sustain above 1935 for few minutes then we can expect a move up to 1950. A further crossover may result a decisive move towards 2000 levels. Technical support will be at 1915 levels. Try long trade in a positive market.

Support - 1915/1900/1880                              Resistance - 1950/1978/2000

LT (Close - 1385.20) This stock might results a surprising move today before result. Technical study suggest that if this stock breaks and sustain below 1370 then we can see decisive fall. On higher side 1405 will be the next crucial resistance.

Support - 1370/1345/1310                              Resistance - 1405/1420/1440

Just Check what happened in Crompton Greaves Below 168 hot sell - Below 160 more added And play for 141...

RELIANCE Panic to Buy... For patience investors. Your stop loss 815 on closing basis.

AXIS BANK Above 1100 no problem for Bulls.

LUPIN LTD Buy on decline + hold As long as hold 450 - good.

INFOSYS Heading Towards 2800+ As remain hold 2670 on closing basis.

TISCO Looking very very hot But follow trading level only

BOMDYEING  ( Bombay Dyeing And Mfg. Co Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	413	406	416	422
S.SELL BELOW	405	408	402	393

RAYMOND  ( Raymond Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	360	354	365	374
S.SELL BELOW	353	357	347	337

ONELIFECAP  ( Onelife Capital Advisors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	203	194	209	217
S.SELL BELOW	193	195	188	174

Market Trends for the day 20 - oct -2011

SENSEX (Close - 17085.30) Sensex seen another rebound and once again tried to move towards the last most crucial resistance of 17212. Are these the tradable days? Very clear is no. On Tuesday, it was gap down, tomorrow it was gap up. I have always said that gaps are trader's nightmare. It seems that today we will get gap down. Strong news flows are affecting market a lot and it is not going to be easy day. Still we have trading support at 16800 which may be well respected by the market. Will it really happen? Nothing can be said in advance. I just feel that now market is in 'make of break' mode. Best thing to do is 'wait-watch and then trade'. If you are not comfortable then do not trade at all.

Support -16820/16650/16540                                     Resistance - 16130/17212/17500

NIFTY (Close - 5139.15) Nifty has to pass its litmus test of 5170, which it is missing from last few months. It is going to be forth attempt if it moves higher. Cross over will provide the required technical booster to trade on further extension on rise. Technical support will be at 5100 marks.

Support - 5100/5070/5030                                          Resistance - 5148/5170/5232

TATASTEEL (Close - 434.00) This stock has yet to cross 438 to trade on long side. If it stand above 438 then we can prefer to trade on long side but it miss at 438 then alter sense suggest that it can be a short trade with minimum stop loss above 438 only. Consider 438 as make or break levels and then trade.

Support - 429/423/417                                                Resistance - 438/443/450

BHEL (Close - 324.30) We have not seen the cross of 327 yet. As long as it is sustaining below 325, it has every chance of fall. Technically use levels near 324 to short this stock with stop loss just above 327. Try it again with minimum stop loss only. Do not stand short above 327.

Support - 322319/317                                                 Resistance - 327/330/333

RELIANCE (Close - 843.00) This stock has resistance at 845. If trades sustain above 845 then it will be a buy for the target of 857-859 levels. If it fails to cross above 845 then it can give another dip which will be sign of another zigzag trade only.Support - 834/823/811     Resistance - 845/857/870

IDBI Above 105 very very hot. Above 110 more long side.

HINDALCO Some support at lower level Above 129 - stay with volume + positive Below 125 negative bias...

HDFC BANK After a long gap... Showing strength As long as hold... No problem for bulls

ICICI BANK Check - We are bullish Above 869 and already made a high 908

HERO HONDA: (2067) 2041 a crucial support, keep stop loss of 2034 to your buys. Upward side crossover above 2093 it'll spurt up to 2125 & 2144, book profit on higher levels. Downward side break below 2034 it'll turn bit weak & fall down to 2008 & 1988.

SBI: (1919) Crossover above 1933 it'll spurt up to 1966 & thereafter to 1988. Downward side 1905-1901 a solid support, keep stop loss of 1886 to your buys.

COLGATE: (1004) Buy considering 999 a solid support keeping stop loss of 991. Upward side it'll rush up to 1026 initially. Crossover above 1026 it'll shoot up to 1054 & 1072.

ONELIFECAP  ( Onelife Capital Advisors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	199	191.5	206	214
S.SELL BELOW	191	193	184.5	170

ICICIBANK  ( ICICI Bank Ltd. )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	906	898	910	918
S.SELL BELOW	895	903	894	883

ABAN  ( Aban Offshore Ltd. )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	413	406	417	424
S.SELL BELOW	404	408	401	390

Market Trends

19 October 2011

SENSEX (Close - 16748.30) Sensex opened with a huge gap down this time and remains in that range for whole day. It was just too limited move to trade. We have seen Dow Jones moving higher over 1.60% last night and that will now cause a moderate gap up opening. In between, Apple earnings disappoint the wall street. Technicals suggest that we might see little gap up today but those rise might not sustain. We have already seen a sharp sell off in whole technology pack after TCS quarterly result. I am not very much optimistic towards today's trade. Technical support will be at 16650 levels while it will face stiff resistance above 16900 levels only. Cross over of 16900 will trigger a strong buy.

Support -16650/16540/16400                         Resistance - 16900/17070/17212

NIFTY (Close - 5037.50) Nifty has 50 days moving average at 5004. If it breaks and sustain below 5004 then we can see the end of hope for strong rise. As of now it looks like to open near 5070 and so technical resistance will be expected near 5100 levels.Support - 5004/4990/4950  Resistance - 5100/5148/5170

SAIL (Close - 103.40) This stock has multi year low of 98. Somehow it has not responded strong with the recent recovery in index and remains weaker. Technicals are suggesting for re-test of 98. I am advising short on rise above 104-105 with stop loss above 106. Expect 100 to 98 sooner.

Support - 102/100/98                                      Resistance - 105/106/107

BHEL (Close - 321.70) We have not seen strength at higher levels on this stock. As long as it is sustaining below 325, it has every chance of fall. Technically use levels near 324 to short this stock with stop loss just above 327. I hope that gap up will provide the higher ranges.

Support - 319/317/315                                    Resistance - 324/327/330

LT (Close - 1348.70) A close below 1354 is concerning. Technicals suggests that as long as it sustain below 1354 we can expect a fall towards 1302 levels anytime. After a gap up if we get 1365+ then it will be good to trade on short side. Maintain stop loss of 10 rupees only.

Support - 1338/1321/1302                              Resistance - 1354/1365/1375

INFOSYS As remain hold 2670 bull favour Above 2715 stay with volume It will show strength.

HCL TECH Disappoints Results... Below 410 bear favour...

RELIANCE Panic to Buy... Worst and result fever is over.

HINDALCO Below 130-131 weakness continue And likely test... Above...do not remain short position.

CHAMBAL FERT: (87.45) 84.50 a crucial support break below which it'll fall down to 81.75 where buying support will be seen & it'll surge up correctively to 94. Downward side break below 81.75 it'll fall down to 76.50.

ONELIFECAP  ( Onelife Capital Advisors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	176	164.5	184	194
S.SELL BELOW	164	166	156	136

COALINDIA  ( Coal India Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	331	327	333	337
S.SELL BELOW	326	328	325	318

GMDCLTD  ( Gujarat Mineral Development Cor. Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	177	171.5	182	189
S.SELL BELOW	171	173	166	156