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.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
260
|
251
|
265
|
275
|
|
S.SELL BELOW
|
250
|
253
|
244
|
230
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
340
|
336
|
347
|
355
|
|
S.SELL BELOW
|
334
|
338
|
330
|
320
|
|
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
|
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