Today Research Reports for Market 30-03-2012

30 March 2012

SENSEX (Close - 17058.60) Sensex recovered frm low point of 16920. I was not bearish after opening although it was said very strongly that we are going to see further massive fall. I have better and accurate figure on Nifty. Technicals are suggesting that we should see market recovering today. Yesterday's low of 16920 will act as strong support. We must watch banking and technology stocks for better trading opportunity. US market has strongly recovered from lower point. RBI remains on shocking side, planned to buy bonds in open market operations (OMO). I need to quote, excessive government borrowing is a trouble. These moves are completely beyond understanding. Bond price may shoot up again, keep a close eye on it. This may affect stock market in coming days. Strongly avoid banking stocks right now.

Support - 17000/16920/16800                Resistance - 17170/17310/17480

NIFTY (Close - 5178.85) Nifty hit a low of 5135.90 and bounced to recover. This will act as strong trading support. As long as it sustain above 5135 we should see a rise towards 5300 levels. I will update in my blog about 5135 and the way of finding this.

Support - 5135/5100/5080                                  Resistance - 5200/5222/5252

TATASTEEL (Close - 453.10) This stock has saved fall fom past four trading sessions and kept on making higher low. Technicals suggest that this stock can take a move towards 465 levels. Buy this stock in any dip and place stop loss at 445.

Support - 448/445/441                            Resistance - 459/465/472

LT (Close - 1280.55) As long as it is saving 1274, nothing to be worried. Trade on long side and keep stop loss at 1274. You can expect this stock moving towards 1300-1313 levels. If breaks 1274 then we can see some down side.

Support - 1274/1259/1240                                  Resistance - 1292/1313/1323

HEXAWARE (Close - 110.35) It has rebounded strongly yesterday from 103 to 112. This kind of moves never come without reasons. This remains my favourite stock for investment. It will get good support at 108 now. Buy in dip with stop loss at 108 for the target of 115 to 117.

Support - 108/106/103                            Resistance - 113/115/118

OPTO CIRCUIT Finally broken major support level With excellent volume... Sell on Rise - Exit long too...Free fall on the card.

IVRCL INFRA We are very bullish above 60 And our positional call... Target 66-67 Positional Call

TISCO Just check double bottom 440 and strong Strong Resistance + Supply Zone 460-465

IDBI On-Rise to selling opportunity Below 108 do not think to buy side... As per Fibonacci Projection Target 93 then 79

INFOSYS Sell on rise... If not cross...?...and close above Lower level target 2700 –2651

RANBAXY  ( Ranbaxy Labs Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	450	436	457	469
S.SELL BELOW	434	439	427	410

PFC  ( Power Finance Corporation Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	177	173.4	179.5	184
S.SELL BELOW	172.5	175	170	164

ONELIFECAP  ( Onelife Capital Advisors Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	406	391	430	458
S.SELL BELOW	389	393	365	330

Today Market Movements 29-03-2012.

29 March 2012

SENSEX (Close - 17121.60) Sensex brutally drag lower even yesterday but saved 17000 marks somehow. We are on derivative expiry and this is going to be 'make or break' day. There is no sign of revival and concerns are coming from all over. Global market are down and even bond market is turning extremely critical. Gap down is very likely today. Technicals are strongly suggesting for trouble below 17000 marks. Major concern is slowing growth in China, although its not new but market is noticing those now. Expect wild expiry today. We can just hope for some rebound after initial fall. There is no good clarity on GAAR.

Support - 17000/16850/16700                Resistance - 17210/17360/17480

NIFTY (Close - 5194.75) Nifty has broken 5170 levels for second and then rebounded near closing minutes. It very likely to open below 5170. Next levelsto watch out will be 5150 levels. There will not be any major levels below 5150. It can just give blood bath towards 5050.

Support - 5150/5100/5050                                  Resistance - 5220/5252/5299

LT (Close - 1307.80) We can expect initial pressure on this stock in gap down. We may see levels below 1290. I feel that one should try to trade long after gap down. Pick below 1290 and keep stop loss at 1274. We may see impulsive rise to see gain of Rs 15-20. Below 1274, it will be a strong sell.

Support - 1290/1274/1245                                  Resistance - 1323/1348/1370

TATASTEEL (Close - 455.10) Its for sure that it is going to take out all its early gain in morning gap down only. We may see levels near 442. I suggest to buy near those levels and keep stop loss at 438 only. Break below 438 will give us selling towards 426.

Support - 442/438/429                            Resistance - 461/467/472

RELIANCE (Close - 725.70) I am maintaining constantly bearish on this stock from long time. Technicals are suggesting for the test of 708 to 700 levels today. It seems to be a short trade with stop loss just at 732 for the move owards 708 or 700.

Support - 719/708/700            Resistance - 732/740/750

SAIL Below 93 selling opportunity Once break 89 more downside

SBI: (2082) Sell considering 2098 & 2105 solid resistances keeping stop loss of 2124. Downward side it'll fall down to 2053, 2025 & 1980.

ICICI Bank: (859) Break below 852 it'll heavily crash down to 840, 832 & 819. Upward side 868 & 874 crucial resistances.

AXIS Bank: (1118) Break below 1102 it'll heavily fall down to 1091, 1075 & 1049. Upward side 1130 & 1140 crucial resistances, keep stop loss of 1145 to your shorts. Crossover above 1145 it'll turn positive & surge up to 1156, 1167 & 1185.

TATASTEEL  ( Tata Steel Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	456	450	460	467
S.SELL BELOW	449	453	446	437

MCDOWELL-N  ( United Spirits Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	590	576	600	615
S.SELL BELOW	574	580	565	545

MCLEODRUSS  ( Mcleod Russel India Ltd. )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	274	271	278	285
S.SELL BELOW	269	273	266	260

Today Market Movements 28 Mar 2012

28 March 2012

SENSEX (Close - 17280.10) Sensex has again saved 17000 marks and closed with some good recovery. We have seen sell off on P note talks. I feel that its nothing but media driven talks who are habitual bringing incomplete stories with some of their brilliant sources. We are under performing in the globe from past 4-5 trading sessions. Once again technical's will remains same. As long as 17000 levels sustain we can expect recovery near to derivative expiry of this month series. FII data is also not suggesting any big outflow. I go in technical way. Short this market only if it breaks 17000 levels.

Support - 17211/17101/17000                Resistance - 17480/17610/17735

NIFTY (Close - 5243.15) Nifty has tested a low of 5230 and then bounced to break day's in a quicker move. We must note than 50 days moving average is at 5240 levels. I need to conclude that 50 days move average is acting as good trading support. To see further fall we must see Nifty to sustain below 50 DMA. On higher side 5300 is immediate resistance.

Support - 5200/5171/5154                                  Resistance - 5299/5230/5268

LT (Close - 1303.20) As long as it is sustaining above 1274 levels, we can expect recovery on this stock. Use some intraday dip towards 1290 to trade on long side and keep stop loss at 1274. You can expect 5-6% up side in 2 days.Support - 1290/1274/1250                      Resistance - 1321/1334/1350

INFY (Close - 2875.90) Crossover to 2910 will give a rise towards 2950 and then may be 3000 also. I will prefer to buy if trades sustain above 2875 in initiate hours. One can keep stop loss at 2850 levels. I am not expecting any great outcome in Q 4 but seems that market is surely expecting.

Support - 2850/2810/2775                                  Resistance - 2910/2950/3000

AXIS BANK Just check yesterday our resistance 1164 (High 1163.50) And drift lower on intraday towards 1131 Now today, support 1124 to watch

SBI Just check once again Hold 2100 level and it was U Turn Resulted in a high 2178.

TISCO Today support 442-440 If not break... target 450-456

HUL: (416) Buy considering 411 & 407 solid supports keeping stop loss of 405. Upward side it'll spurt up to 429.

ICICI Bank: (876) 889 a solid resistance to watch out for. Downward side 870 & 852 crucial supports to watch out for. Break below 852 it'll heavily crash down to 830 & 816.

Upward side crossover above 889 it'll turn positive & surge up to 911 & 924.

AXIS Bank: (1141) 1161 a crucial resistance to watch out for. Downward side break below 1117 it'll heavily fall down to 1091 & 1075.

Upward side crossover above 1161 it'll turn positive & surge up to 1187 & 1203.

BOMDYEING  ( Bombay Dyeing And Mfg. Co Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	566	551	580	600
S.SELL BELOW	549	555	535	507

DLF  ( DLF Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	198.5	195.4	200	203
S.SELL BELOW	194.5	196.5	193.5	189

SESAGOA  ( Sesa Goa Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	196	193.5	197.5	200
S.SELL BELOW	193	195	192	189

Today Market Movements 27 - mar - 2012

27 March 2012

SENSEX (Close - 17052.78) Sensex reached their lowest closing level in eight weeks on reports the adoption of the new tax norms viz. the General Anti-Avoidance Rules (GAAR) which come into effect from 1 April 2012, could affect FII investments through the Mauritius tax haven and through participatory notes (P-notes) route. The last best technical support will be only at 17000 levels. I must add that banking stocks are also turning nervous over bad loans issue which in turn can be the prime reason for slower growth of economy. I am raising this point since the ending of year 2010 itself. Technical suggest for fall if it breaks 17000 else a recovery. Let us see.Support - 17000/16840/16699                Resistance - 17150/17360/17500

NIFTY (Close - 5184.25) Nifty has broken 5215 and hit 5175 but saved 5171 support levels. 200 days moving average will be at 5154 now. We may see some gap up or flat opening as backed by global cues. Its a make or break levels. Below 5171, it will see free fall. Its last hope.

Support - 5171/5154/5080                                  Resistance - 5220/5252/5299

JPASSOCIATE (Close - 81.90) Only few stock has moved ahead in past trading session. Technicals suggest that we can expect levels towards 86 to 88 levels. One can trade with stop loss of 80 and hold. We may see better performance of this stock for few days.

Support - 80/78/76                                              Resistance - 84/86/88

LT (Close - 1279.75) It is very near to breakdown. Well, levelof 1274 may act as reversal point. For today's trade one should prefer to buy with stop loss at 1273 levels. On higher levels you can expect levels above 1313 levels.Support - 1274/1254/1238                      Resistance - 1298/1313/1329

RELIANCE Support broken... As long as below 750-758, selling opportunity For target 700+ in coming days

Today resistance 746

AXIS BANK On weakness, it will take support 1100 Thereafter more downside Resistance 1164, lower level target 1075

SBI Near to strong support 2130-2100 decisively break Weakness persisting Resistance 2270

TISCO Below 440, real weakness to start in this counter

ICICI Bank: (872) Sell considering 887 & 896 solid resistances keeping stop loss of 905. Downward side it'll fall down to 853-849 & 821.

MARUTI: (1299) Sell considering 1314 a crucial resistance keeping stop loss of 1324. Downward side it'll fall down to 1271, 1259 & 1239.

MCDOWELL-N  ( United Spirits Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	554	548	559	566
S.SELL BELOW	547	551	543	533

MAX  ( Max India Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	179	177	181.5	185.5
S.SELL BELOW	176.5	178	174	170

GLODYNE  ( Glodyne Technoserve Ltd. )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	381	376	384	389
S.SELL BELOW	374	378	372	365

Today Market Trends 26- Mar -2012

26 March 2012

SENSEX (Close - 17361.70) Sensex took a swing again on Friday and closed on higher note which might not be expected by many traders after seeing Thursday's sell off. Global cues are still stable. It seems that market will try to be in range before Q 4, which will be the next trigger for direction. I strongly believe that now market will give good trading opportunity on both side of trade. I strongly recommend that one should not short on lower side now. Market will give a surprising upswing once again. Now, do take a note that its already a big delay for Petrol and Diesel price which may come in flash any time. If that happens then it can give some adverse effect to the maket.Support - 17279/17140/17000                Resistance - 17500/17640/17725

NIFTY (Close - 5278.20) Nifty has saved the levels of 5220. For today's session it will act as good support for trade. On higher side it must go towards 5312. If sustain above 5312 then you can expect rise towards 5360 to 5380. Short only if nifty breaks 5215.

Support - 5245/5215/5180                                              Resistance - 5312/5353/5380

BHARTIARTL (Close - 336.00) Cross over of 340 will give a move towards 352. I believe that we should see those easy cross. Hence trade on long side with stop loss at 332. It is trading near to weekly high. If market sustain then we can see good move.

Support - 332/328/324                                        Resistance - 340/348/352

RELIANCE Some support at lower level... Closely eye 753-758 Decisively crossover, it will show strength only... If reversal to sell side... Major Support 700

INFOSYS Consider supp 2800-2810. Resistance 2935 watch out... Break out or break down will move one-side

TELCO Consider support 268... If not break It will test...? Thereafter one-side move

SBI As long as 2100-2130 level hold On closing basis... Decline to buying opportunity Higher level resistance 2270 Major support 1936 (December Low)

MARUTI – LT Both looks bear favour... Higher level to sell with tight stop-loss Levels for paid clients

JP ASSOCIATES Important 78-78.50 time to buy With stop-loss... Target...

M&M: (689) Sell considering 697 a crucial resistance keeping stop loss of 706. Downward side it'll fall down to 670 initially. A close below 670 it'll heavily fall down further to 655 & thereafter to 644 & 625. Upward side crossover above 706 it'll turn positive & surge up to 730.

TATA MOTORS: (273) Sell considering 278 & 282 solid resistances keeping stop loss of 287. Downward side break below 267 it'll fall down to 255-253 & 244.

Upward side a close above 287 it'll turn positive & spurt up to 294, 300 & 311.

AREVA: (192) A close above 197.50 it'll spurt up to 217 & 228. Downward side 181 a solid support.

APPAPER  ( AP Paper Mills Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	189	183.6	193.5	200
S.SELL BELOW	183	185	178.5	169

RECLTD  ( Rural Electrification Corp Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	209	205	212	216
S.SELL BELOW	204	206	202	195

RELCAPITAL  ( Reliance Capital Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	403	398	409	419
S.SELL BELOW	396	401	391	381

Today Market Trends 23 Mar 2012

23 March 2012

SENSEX (Close - 17196.47) Sensex came under gravity when it was looking to take a take off. Well, it was not entirely unexpected fall after sought over CAG report about coal scam. Situation turned worse after weak global data. We have seen selling over 400 points but FII data is still on buy side in cash market. They bought nearly Rs 246 crores. We have technical support at 17000 levels. It is looking very likely that it going to move towards those levels. We have seen some massive selling in blue chip stocks like Reliance and LT which has just gained a day before yesterday.

Support - 17000/16880/16800                Resistance - 17310/17480/17525

NIFTY (Close - 5228.45) Nifty has broken critical support of 5300 and selling intensified. Technicals suggest that we may see a dip towards 5160-5170 levels. Break below 5160 will cause a fall towards 5080 levels. On higher sode 5270 and 5300 will act as stiff resistance.

Support - 5199/5160/5080                                  Resistance - 5270/5300/5338

RELIANCE (Close - 736.35) It has broken 750 levels and closed on lowest levels of past two months of trades. Be ready to see levels near 700. We will see massive resistance at 750 for today. I am suggesting to trade short on any rise and keep stop loss at 750.

Support - 724/713/700                            Resistance - 750/758/770

ICICI BANK (Close - 899.65) We have seen selling on this stock 940 and closed just below 900 levels. It should first try to move towards 874 levels. I suggest to trade on short side and keep stop loss above 913 levels. One sould use intraday pullback.

Support - 888/874/859                            Resistance - 909/921/940

LT (Close - 1296.90) It has gained a day before yesterday and then seen a fall in the past trading session. We have most critical support at 1276. You can short this stock with stop loss above 1313. If it breaks below 1276 then hold for massive fall.

Support - 1276/1254/1210                                  Resistance - 1313/1328/1340

HINDALCO: (133) Sell considering 134.50 & 136.75 solid resistances keeping stop loss of 139. Downward side it'll fall down to 128.75 & 120.

MARUTI: (1331) Sell considering 1352 a solid resistance keeping stop loss of 1357. Downward side it'll fall down to 1307, 1291 & 1267.

AXIS Bank: (1177) Sell considering 1182 & 1213 solid resistances keeping stop loss of 1243. Downward side it'll fall down to 1143 & 1120.

SYNDICATE Bank: (110) Sell considering 111.50 & 114 solid resistances keeping stop loss of 116. Downward side it'll fall down to 104 & 101.

TECHM  ( Tech Mahindra Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	730	709	742	760
S.SELL BELOW	707	715	695	670

COALINDIA  ( Coal India Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	340	337	345	352
S.SELL BELOW	335	339	331	325

INDIABULLS  ( Indiabulls Financial Services Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	242	240	246	252
S.SELL BELOW	239	241	236	230