FUTURE PAISE: Today Market Trends 26- Mar -2012

Monday, March 26, 2012

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 )