Today Market Trends 27. 01 . 2012

27 January 2012

SENSEX (Close - 17077.20) Sensex advanced further in the last trading session. News flow remains strong even after holiday. A technician can conclude that we might be near to the top but still spotting a top remain tough as overseas cues are indicating for another higher opening. It seems that we will get some stock specific correction. On the derivative expiry we have seen some roll over of short positions also. We will have strong trading support at 17000 levels. Very obviously, market has generated a pattern where it has not broken previous day's low on any next day. We can expect levels near 17200. We will again get some momentum buys today as those buying are still on. FII comes out with another strong set of buying figures.

Support - 17000/16900/16820                Resistance - 17200/17340/17500

NIFTY (Close - 5158.30) Nifty is very likely to move near 5200 marks. How much upside has left? To be honest, I am unable to figure out. Charting structure suggest that cross over of 5208 can push the market to further higher levels. 5208 is 200 days moving average.

Support - 5130/5100/5050                                  Resistance - 5208/5250/5300

LT (Close - 1330.70) It can be gap up on index which can deviate the chart. As of past trading session, it has tried to make a short term top loss at 1370. It will a short signal if breaks 1315 levels. If by any chance stock slips and dip below 1315 then trade on short side for some impressive fall. Enough of rise.

Support - 1315/1300/1280            Resistance - 1345/1355/1370

TCS Consider resistance at 1140-1150 And move only above that level, Otherwise reversal to sell side.

TATA MOTOR Finally broken resistance level Close eye 241, thereafter it will show more power Today support 227-225 to watch out.

RELIANCE We prefer to buy on decline... Consider support at 778 Once crossover...?... with volume Buy your choice... ... for target 835

MARUTI: (1186) Buy considering 1171 a solid support keeping stop loss of 1158. Upward side it'll spurt up to 1201, 1217 & 1244.

SBI: (2057) 2040 a nearest support break below which it'll fall down to 2024 & 2005, buy on declines keeping stop loss of 1965. Upward side it'll rush up further to 2091 & 2115. A close above 2115 it'll spurt up to 2225.

IOB: (91) Buy considering 90 a solid support keeping stop loss of 87. Upward side crossover above 95 it'll spurt up to 102.50.

LIC HSG FIN: (256) Buy keeping stop loss of 250. Upward side it'll spurt up to 267.50 & 271.

AXIS Bank: (1060) Buy or remain long keeping stop loss of 1046. Upward side it'll spurt up further to 1079-1085 & 1108.

TATACOMM  ( Tata Communications Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	238	233	241	246
S.SELL BELOW	232	236	230	224

SESAGOA  ( Sesa Goa Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	202	197	207	214
S.SELL BELOW	196	199	193	184

RECLTD  ( Rural Electrification Corp Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	200	196	204	211
S.SELL BELOW	195	197	190	182

Today Market Trends 25 - 01 - 2012

25 January 2011

SENSEX (Close - 16995.77)  Sensex has crossed 17000 marks and closed just below that as we got a boost of 50 bps CRR cut. Global market once again looking to trade on firm side. Apple comes with much better than expected result, which is driving asian market right now. Warning signs are coming out from every side, rating agency, world bank, IMF, you can name it but there is no warning sign coming from at least Indian stock market. FII has bought more than 800 crs yesterday. Technical support for Sensex will be at 16900 levels. On higher side we can expect levels near 17200 also. We have derivative expiry today. We can expect massive volatility but it looks very tough for profit taking again. Looking on market reaction across the globe, I feel that european crisis was talked too much unnecessarily.

Support - 16900/16820/16750                Resistance - 17070/17140/17200

NIFTY (Close - 5127.35) Nifty has not faced any great resistance at 5100 and closed well above those. We have technical support at 5050 levels. I cannot say for any remarkable fall as long as it sustain above 5050 levels. Technical resistances will be at 5150 and then 5200. A dot point resistance 5168.

Support - 5100/5075/5050                                  Resistance - 5151/5178/5200

MARUTI (Close - 1157.95) I am not saying anything for trade but this stock has already seen huge run up in past few days trades. It has moved higher from 900 and now it will have resistance at 1170 and then 1200. If any weakness comes in index then this stock will go to hit 1100. Avoid buying and trade short only on negative index.Support - 1125/1100/1070                      Resistance - 1170/1185/1200

LT (Close - 1351.85) This stock is rising from 969 and traveled by nearly 400 rupees. How much more in just short time span. This stock also has technical resistance at 1386 to 1400 levels. Those will be the levels for this stock to fall only. My call is short whenever weakness arises in market. I am not suggesting trades in euphoric buying environment.Support - 1335/1318/1300            Resistance - 1370/1386/1400

IDBI We are bullish above 90... Yesterday finally closed above 99... Looks trend is bullish Buy for target 110-113-115 in few sessions.

RELIANCE Bad result is always good opportunity to accumulate Quality stocks like... Reliance...As hold 750 and made a high 792Near to resistance...Crossover and close above nonstop target 835.

IDEA Looks hot... Downside strong support at 85 Finally closed above 92 with decent volumeSo what's next... Check today... We have gone long in yesterday's trading...

DHANLAXMI Bank: (59.50) Buy on declines considering 59 a solid support keeping stop loss of 57. Upward side it'll spurt up to 64 & 69.

SBI: (2041) Buy considering 2011 & 1991 solid supports keeping stop loss of 1965. Upward side it'll spurt up to 2091 & 2114.

UCO, VIJAYA, IOB & DENA: Just buy.

LICHSGFIN  ( LIC Housing Finance Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	260	251	265	275
S.SELL BELOW	250	253	244	230

RELCAPITAL  ( Reliance Capital Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	340	336	347	355
S.SELL BELOW	334	338	330	320

IRB  ( IRB Infrastructure Developers Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	174	168.5	178.5	184.5
S.SELL BELOW	168	170	164	154

Today Market Trends

24 January 2011

SENSEX (Close - 16751.73) Sensex closed with small gain yesterday. We have RBI credit policy review today and market is expecting CRR cut. I will look for the language of RBI governor as I am not expecting monetary softening now but I can expect this to come later this year. Yesterday RBI economic outlook is showing that RBI is still concerned about inflation. They have lower their growth projections. Technicals suggest that we will have strong support at 16520 levels. On higher side 16800 is a stiff resistance. Cross over of 16800 should result a rapid rise towards 16900 - 17000 levels. I am advising caution for today and tomorrow for trading positions. I am already trying to be on side line for trades. Shall we talk about greece crisis? It seems that its just a waste of time. Take the cues when it comes, do not consider those fear for trades.

Support - 16650/16520/16400            Resistance - 16800/16920/17050

NIFTY (Close - 5046.25) Nifty has a high point at 5064 as of now. Technicals are suggesting for stiff resistance at 5076 < 5100 levels. In the lower side, we cannot expect anything remarkable on short side unless it slips below 4990. So far so good for long.

Support - 4990/4949/4920                      Resistance - 5074/5100/5151

HEROMOTOCO (Close - 1875.15) This stock has stiff resistance at 1935 levels. Technicals are suggesting that this stock may try to move towards 1800 levels. I am suggesting to trade on short side on any intraday rise near 1885 with stop loss above 1900. Expect a fall of Rs 40-50.

Support - 1850/1825/1800                      Resistance - 1890/1910/1935

LT (Close - 1277.30) There are some stocks which are just trading near to their crucial resistance. It is one of those. It has stiff technicals resistance at 1300. I suggest to trade short on any rise above 1285 with stop loss at 1300. If it slips then it can hit 1240-1230.

Support - 1260/1240/1218                      Resistance - 1286/1300/1321

SBIN (Close - 1940.50) We have RBI credit policy review today. It has technical resistance at 1970 levels. Market may see some profit taking. I suggest to trade on short side on higher side near 1950-1955 with stop loss above 1970. You can expect levels of 1880.

Support - 1915/1900/1880                      Resistance - 1955/1970/2000

BHARTI TELE Finally closed above 450 level... Looks short-term trend positive... Cross and close above...? ... it will test 400.

MARUTI LTD As mentioned earlier... above 1020 very hot Yesterday... profit dropped but stock news...So always remember Chart have worked...Now resistance at 1185-1190 Above another round of move.

IDEA Looks hot... Downside strong support at 85 Crossover 90-91 range... decent move on the card

ICICI Bank: (858) Buy considering 842 a crucial support keeping stop loss of 838. Upward side it'll spurt up further to 891-895 & 914.

Downward side break below 838 it'll turn weak & fall down to 817, 804 & 783.

DLF  ( DLF Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	220	217	222	226
S.SELL BELOW	216	218	214	210

BHEL  ( Bharat Heavy Electricals Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	284	280	286	290
S.SELL BELOW	279	282	277	270

BHARTIARTL  ( Bharti Airtel Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	353	348	357	363
S.SELL BELOW	347	351	344	335

Today Market 23 - Jan -2012

23 January 2012

SENSEX (Close - 16739.00) Sensex moved closer to 16800 as it has well sustained above 16520 levels, already indicated on Friday. Technical suggests that cross over of 16800 will give thrust towards 17000 levels. Will it really going to cross 16800? Reliance came out with poor set of numbers and factors. Now a day market is in moo to discount all bad news and so it makes me doubtful about market reaction. Greece has not able to reach any deal with private creditors by the time I am writing this. Technical support for today's trade will be at 16650 and 16520 which look too far from current levels. Liquidity is driving this market and it keeps on rising as long money keeps on coming. In the years 2012, FII has invested more than Rs 5900 crs till now.

Support - 16650/16520/16400            Resistance - 16800/16920/17050

NIFTY (Close - 5048.60) Nifty crossed 4800 for once and then not broken 4800, again crossed 4900 and then not broken 4900, again crossed 5000 and not broken 5000. Charting are suggesting for support at 4910-4900 which is too far. On higher side resistance will be at 5076 < 5100.

Support - 4990/4949/4920                      Resistance - 5074/5100/5151

RELIANCE (Close - 792.65) We got quarterly result yesterday. Its needless to say that those were extremely poor one. It has already moved by 16% from recent bottom. Just trade short on this stock with some suitable stop loss. It should hit levels below 750 very soon. I will not surprised to see the price even 700.

Support - 774/748/729                Resistance - 808/813/829

JSWSTEEL (Close - 647.10) This stock has also came out with poor set of numbers. Technicals are suggesting that if this stock sustain below 642 then it can hit the levels near 600 marks once again. I suggest to trade on short side with stop loss above 660.

Support - 638/624/612                Resistance - 658/666/674

SBI How our paid subscriber Mint Money - classic example. We are bullish at the level of 1650 with stop loss 1576 More bullish 1725 - more bullish 1810,And finally made a target of 1950 (1944) Just open your eyes and watch 1950-1959 In next two trading session with RBI Policy Hold above 1950 - non-stop target 2051-2200.

TISCO In this counter, we had gone long above 350 and more added Above 400 for target 450 - which have been achieved... Now time to some profit booking as long as below 450 Downside support 420-400 Once cross + close above 450 - 5-10% up move easily.

L&T: (1274) Sell keeping stop loss of 1298. Downward side it'll fall down to 1231 & 1211. Upward side a close above 1298 it'll spurt up to 1375.

ICICI Bank: (842) 855 a crucial resistance to watch out for closing above which it'll spurt up further to 895 & 923. Downward side 832 & 813-807 crucial supports, keep stop loss of 794 to your buys.

AXIS Bank: (1008) Buy or remain long considering 988 & 978 solid supports keeping stop loss of 963. Upward side it'll spurt up to 1041 & thereafter to 1079.

INDIABULLS  ( Indiabulls Financial Services Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	183	178.5	186.5	191
S.SELL BELOW	178	180	175	168

PANTALOONR  ( Pantaloon Retail (I) Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	179	175	182	186.5
S.SELL BELOW	174	176	172	165

TITAN  ( Titan Industries Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	193	189	195	199
S.SELL BELOW	188	191	186.5	181

Market Trends 18 - Jan - 2012

18 January 2011

SENSEX (Close - 16466.10) Sensex has got a hit at 16500 and closed just below those levels. Chinese data has pushed the global market higher. Euro zone goes up to the highest levels of last five months and US market went to six month's high. Comparing those our market is still trading lower even after sharp rise in past few days. We have seen pressure in US banking stocks yesterday. I must say that US market has got the kind of rise which market were expecting. I am expecting a pause if not fall now. On chart we got a break out but we need a strong follow up which may be missing at these levels. Technicals suggest that one should not try to run behind price to buy stocks. If run continues then we can expect 16700 also in current run.

Support - 16400/16280/16135                Resistance - 16502/16590/16710

NIFTY (Close - 4967.30) Nifty has not only crossed 4920 but hit as higher 4975. Its just turning more bullish after every such breakout. I still feel that we should not see a quick run away although I am not advising to short for adventure. We for the beginning of sell off. Pause must come today. If it crosses 4976 then it may try to achieve 5000 to 5020.

Support - 4920/4880/4820                                  Resistance - 4976/5000/5050

DLF (Close - 198.15) We have seen weak trades on this stock in last hour of trade yesterday. It has seen profit taking from meaningful technical resistance of 202. I suggest to trade short on rise if index maintains negative ranges. Keep stop loss above 202. It may test 190 on weakness.

Support - 195/192/190                            Resistance - 200/202/204

ICICI BANK (Close - 785.55) We have seen profit taking in private banks yesterday when index was showing all strength. I feel that yesterday high of 805 will act as stiff resistance. I suggest to use any higher levels now to short this stock, prefer to short at 792 levels with stop loss 800.

Support - 776/764/752            Resistance - 792/800/805

MARUTI We are bullish from the level of 920 and more added Once crossover 1020, for target 1160.

M&M Consider support 690. Above ... real move will start

HDFC BANK It looks consolidating over As long as hold 460...good Above 473 - looks rally.

HINDALCO: (140.50) Buy considering 138 & 136 solid supports keeping stop loss of 133. Upward side it'll spurt up to 147 & 154.

L&T: (1266) 1275 a solid resistance if it remains then selling will be seen & it'll fall down to 1242, 1223 & 1210. Upward side crossover above 1275 it'll surge up further to 1310-1315.

SBI: (1843) 1810 & 1800 solid supports, keep stop loss of 1783 to your buys. Upward side 1859 & 1872 crucial resistances. Crossover above 1872 it'll spurt up to 1898 & 1913-1927.