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
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 413 | 406 | 416 | 422 |
| S.SELL BELOW | 405 | 408 | 402 | 393 |
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 360 | 354 | 365 | 374 |
| S.SELL BELOW | 353 | 357 | 347 | 337 |
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 203 | 194 | 209 | 217 |
| S.SELL BELOW | 193 | 195 | 188 | 174 |
