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.
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 226 | 215 | 235 | 247 |
| S.SELL BELOW | 213 | 217 | 205 | 185 |
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 207 | 203 | 210 | 214 |
| S.SELL BELOW | 201 | 205 | 196 | 191 |
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 486 | 480 | 493 | 505 |
| S.SELL BELOW | 477 | 483 | 472 | 458 |
