Today Market Trends - 15 - feb - 2012

15 February 2011

SENSEX (Close - 17848.60)  Sensex kept on trading in the range of 17580 to 17890 band from past seven trading sessions which is just nearly 300 points. We are in the eighth day of consolidation. Normally, Indices gives a break on eighth day. It may be up or it may be down. Technicals are suggesting that traded above 17909 will push us higher towards 18100 levels. In the lower side we will have good trading support at 17710 before 17580. Till now globe remains favorable for equity as Asian market is trading with gains. Action must be towards ADAG and banking stocks for today. In the later part of the we need to see cues coming from europe. This is the most irritating part of news flow as you cannot guess's anything about those.

Support - 17660/17580/17360                Resistance - 17830/17909/18000

NIFTY (Close - 5416.05) Nothing is enough for Indian market. We are almost 900 points away from December's low. I am still expecting resistance at 5435. Well, but for how long? Cross over of 5435 will give us 5480. Technical support will be at 5366.

Support - 5390/5366/5318                                  Resistance - 5435/5454/5476

HEXAWARE (Close - 110.15) Technicals remains same. As long as it sustain above 111, it can add gains towards 114-115 levels. Buy this stock with stop loss at 109. If profit taking comes on index then only it should be avoided. As long as Nifty stand above 5400, it looks safe.

Support - 109/107/105                            Resistance - 114/115/116

M&M After a long gap... Closed above 710 with volume... Trend is bullish and buy... Remember - not participated current rally.

VIJAYA BANK Decline to buy... Above 63, strong bull favour.

APIL Above 400 - Head & Shoulder Break out and target 480+

JP ASSOCIATES Today close eye 81 crossover with volume Decent move.

SBI: (2198) Buy considering 2181-2172 a solid support keeping stop loss of 2155. Upward side it'll spurt up to 2265 & 2317.

IDBI: (109) Buy considering 107.50-106.50 a solid support keeping stop loss of 105. Upward side it'll spurt up to 112.50 & 115.50.

HERO HONDA: (2080) Buy on declines considering 2046 a solid support keeping stop loss of 2034. Upward side it'll spurt up to 2093, 2129 & 2187.

HAVELLS: (508) Buy considering 500 a solid support keeping stop loss of 494. Upward side it'll spurt up to 514, 522 & 536.

ALBK  ( Allahabad Bank )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	192	188	194	197.5
S.SELL BELOW	187.5	189.5	185.5	180

GITANJALI  ( Gitanjali Gems Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	375	365	382	392
S.SELL BELOW	364	367	357	340

TATAMOTORS  ( Tata Motors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	270	266	273	280
S.SELL BELOW	265	268	261	254

Today Market Trends - 10 -feb - 2012.

10 February 2012

SENSEX (Close - 17830.80) Sensex closed on another land mark of 17830. Greece deal has done? The moment deal done we have seen cool off all across the world as this endless drama has added more twist after deal. Are they really want to save Greece? Well, back to home, Tata Steel comes out with most horrible set of numbers. We have to wait for December month IIP figure today which is expected to be at 3.20%. Technically 17909 will remains a tough figure to cross even after all optimism. I am expecting selling to begin from today second half. If not, then give up the hope of correction even from this levels. One must note that rally has extended to 2700 points. As long as strong hand money flow continues, nothing can be expected great from technical analysis.

Support - 17760/17580/17499                Resistance - 17832/17909/18080

NIFTY (Close - 5412.35) Nifty has hit a high of 5423.40, little overshoot over my give resistance of 5420. Its surprise for me. Anything above 5435 will result some massive gain in index. If there is no signs of cool off after 900 points of rally then its hard to conclude. Technical support will be just at 5318.

Support - 5318/5295/5260                                  Resistance - 5399/5414/5420

TATASTEEL (Close - 452.15) This stock has seen a rally from 331 to 481 and the result came so horrible. It is itself a question market on the rally. I am already recommending short below 460. Even for today, call remains same. Short with stop loss of 460. Expect 420 to 400 levels in near future.

Support - 441/428/418                            Resistance - 460/468/481

LT (Close - 1355.25)  I tried shorting yesterday and earned small loss. Stock is still weak even after all rally in the index. I still believe that we may expect lower levels. It will have stiff resistance at 1375 and then at 1400 levels. Short with stop loss of 1375. Target should be near to 1300 only.

Support - 1348/1332/1308                                  Resistance - 1382/1399/1420

RELIANCE (Close - 853.85) It has buy back price at 870. After all set of poor numbers, stock went up near to 870. We must have 865 to 870 as most critical levels on higher side. Short from higher levels above 860 and keep stop loss at 870. Very soon, it must land on the ground.

Support - 842/828/812                           Resistance - 860/866/870

M&M Time to Break out... Just closely eye and take position Once trade above...

DLF Today closely eye trading range of 230-236 Once breakout or breakdown One-side move.

JP ASSOCIATE Strong resistance 80-81 Crossover with volume Non-stop target 89-100 mark.

FINTECH: (812) Buy on declines keeping stop loss of 797. Upward side it'll spurt up 832 & 857.

DENA Bank: (85.35) Buy considering 83.25 a solid support keeping stop loss of 80. Upward side it'll spurt up to 87.50, 90.50 & 95.50.

VIJAYA Bank: (60.50) Buy keeping stop loss of 59. Upward side it'll spurt up to 64 & thereafter to 66.25 & 71.

FINANTECH  ( Financial Techno (I) Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	817	800	831	852
S.SELL BELOW	798	806	785	755

RECLTD  ( Rural Electrification Corporation Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	234	228	239	246
S.SELL BELOW	227	230	223	215

RELCAPITAL  ( Reliance Capital Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	427	419	431	439
S.SELL BELOW	418	422	415	405