Today Market Research Reports 30.04.2012

30 April 2012

SENSEX (Close - 17187.34) Sensex kept on presenting better picture for market. It is still saving 17000 marks. Trading range become very narrow now a day. It is hardly making any wave of more than 400-500 points. It may be another dull day for index with support at 17000 marks. Once again, we can expect another little higher moves before fall. It is better to ne stock specific for trade. In alter sense, one has to very cautious as this market can see the fall anytime if it start trading below 17000 marks. I am almost sure that it is going to happen but may not be very soon. You can say that market is directioness.

Support - 17120/17000/16920                            Resistance - 17250/17360/17480

NIFTY (Close - 5209.00) Nifty has seen a return from 5155-5154. It was just close to a wave support of 5146 (which is parallel to a fall of 5379 to 5183). You need to make a count from 5342 to get those figure. Technicals are suggesting for choppy trade. We may expect a crucial hurdle at 5228. Cross over will add gain towards 5248 and then 5270.Support - 5183/5146/5135                                  Resistance - 5228/5248/5272

INFY (Close - 2395.80) It was on very likely pullback after recent dip. I do not mean for investment buy but we may get some short term recovery on this stock. It can be a buy with stop loss at 2374 for the target towards 2450. It is a cautious buy.Support - 2375/2353/2330                      Resistance - 2412/2428/2450

TATAMOTORS (Close - 313.10) Witness of strength is that it has even broken 307 in recent dip. Even small recovery can push this stock higher towards 320 levels again. One can prefer to trade long in intial hour with stop loss at 310. Trade long as long as 310 holds.

Support - 310/307/302                                        Resistance - 317/321/325

ICICI BANK Increase in Open Interest + Increase in Volume Indicating positive bias in FO segment... As long as hold...? Good And buying opportunity... Key Support... thereafter do not hold long

TCS After result, sharp rally was seen Now near to Key Resistance...? Reversal to sell side... with tight stop-lossBe cautious at higher level

SBI Last week of trading - it broke key support Indicating fresh weakness more downside open Consider resistance 2195... Downside support... thereafter...

M&M: (715) Buy considering 705 a crucial support keeping stop loss of 698. Upward side a close above 724 it'll spurt up to 744 & 757. Downward side a close below 698 it'll turn weak & fall down to 676, 662 & 640.

MARUTI: (1397) Buy considering 1388 a crucial support keeping stop loss of 1366. Upward side crossover above 1415 it'll spurt up to 1430, 1448 & 1478. Downward side break below 1366 it'll turn weak & fall down to 1338 initially. A close below 1338 it'll crash down to 1310 & 1285.

SYNDICATE Bank: (101) Sell considering 104 a solid resistance keeping stop loss of 108. Downward side it'll fall down to 93 & 86.

BGR ENERGY: (336) Sell considering 337 & 346 a solid resistances keeping stop loss of 357. Downward side it'll fall down to 316 & 304.

BATAINDIA  ( Bata India Ltd ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	862	849	870	883
S.SELL BELOW	846	854	840	820

MINDTREE  ( Mindtree Limited ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	582	569	599	619
S.SELL BELOW	566	572	553	523

Today Market Research Reports 26.04.2012

26 April 2012

SENSEX (Close - 17151.30) Sensex saved 17000 marks again while Nifty has tested 5160. Have a loow at the lows of trades of 16thh Apriil 2012, Sensex hit a low at 17010 and Nifty hit a low at 5183.50. As of yesterday's low Sensex performed better and NIFTY underperform Sensex by nearly half a percent. This has resulted some complications in pre market analysis. Technical charts remains same. Market is weak but trying to take a pause. S&P threat to downgrade India on policy paralysis. Well, in my view S&P is threatening to do what they should have done much earlier. Many of you might not be agree with my comment but my view is my view. Expect volatility on expiry day.

Support - 17010/16920/16800                Resistance - 17260/17350/17480

NIFTY (Close - 5202.00) Nifty is not giving easy levels due to underperformance. Well, still this is weak and fall seems to be unavoidable. I kept on taking intraday signals to trade. Resistance will remains at 5241. As long as it is staying below those we can expect fall and only fall. When will be retest 5135?

Support - 5160/5135/5080                                  Resistance - 5224/5241/5259

GAIL (Close - 335.75) Close below 340 is inviting fresh trouble for this stock. Technical charts are suggesting that one can trade on short side if it spend time below 334. Break below 334 will result a fall towards 328. On higher side it will have stiff trading resistance at 340.

Support - 334/328/324                            Resistance - 339/342/346

INFY (Close - 2349.95) On closing basis this stock is still at its lower end. We may see some rise on expiry day. One can prefer to trade on long side with stop loss at 2323 levels. On higher sde it may try to hit levels of 2400 again.Support - 2323/2300/2270                      Resistance - 2375/2400/2450

JP ASSOCIATES Below 75 time to sell on rise Downside target 70 below

IDFC On rise to excellent opportunity for short side... Higher-level resistance 125-130 range

IVRCL Correction over... from 75 to 60 As long as hold support... Decline to buying opportunity

WIPRO Time to sell... with tight stop-loss For target... 370

AXIS Bank: (1095) Buy keeping stop loss of 1081. Upward side it'll surge up correctively to 1113 & thereafter to 1153 & 1168. Downward side break below 1081 it'll turn weak & fall down to 1055 & 1047-1038.

HDFC Bank: (547) 551 a crucial resistance crossover above which it'll surge up to 563 & 570. Downward side 543 & 538 crucial supports, keep stop loss of 536 to your buys. Break below 536 it'll turn weak & fall down to 523 & 516.

ICICI Bank: (839) 846.50 & 855 crucial resistances to watch out for. Crossover above 855 it'll surge up to 872. Downward side 827 a crucial support break below which it'll turn weak & fall down to 811 & 801.

HSIL  ( HSIL Limited ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	166	163.9	168	171.5
S.SELL BELOW	163.5	165	161.5	157.5

MCDOWELL-N  ( United Spirits Limited ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	742	719	760	783
S.SELL BELOW	717	725	705	666

RAJTV  ( Raj TV Network Ltd ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	162.5	159.5	167.5	173
S.SELL BELOW	159	160.5	154.5	147

Today Market Technical Research Reports 24.04.2012

24 April 2012

SENSEX (Close - 17096.70) Sensex again came closer to 17000 marks. I heard many times that as Sensex is saving 200 days moving average in every fall so market will remains bullish. I must say that my view is excatly reverse. I always believe that frequent test of 200 days moving avarege is a sign of weakness. Sooner or later, we will see Sensex cracking below 16500 marks in coming days. One should not be impulsive which trying to analyse market direction. Till it is just a ranging one in the zone of 17000 to 17500. If it start spending time below 16920 then we will the biasing downward and trend down for short term. Market will again weak after some initial weakness.

Support - 17035/16920/16780                        Resistance - 17170/17280/17360

NIFTY (Close - 5200.60) Nifty has saved 5183.50 and closed at 5200. I have expressed those fear yesterday only. For today we may see moderately flat opening and we may see some initial pullback but those may not sustain. Finally, once again keep an eye on 5183.50.

Support - 5183/5150/5135                              Resistance - 5232/5274/5307

LT (Close - 1253.80) I have quoted for strong technical support at 1274 levels which has broken finally yesterday. Technicals are suggesting that we may expect the levels of 1210 to 1200 levels. I am suggesting to trade short on any intraday rise in the zone of 1265 to 1272 with stop loss above 1280.

Support - 1240/1218/1200                              Resistance - 1265/1274/1288

BHARTI AIR TEL Finally broken major support and Closed below 2012 low – 320 Time to Sell... Ultimate target 260 expected

LIC HOUSING Some problem in result... As long as below 260-265 range Downside 250 - thereafter heading towards 236 target

JP ASSOCIATES Decisively break...?... with volume Downside target 67... Your stop loss...?

INFOSYS Weakness to continue... Major support broken 2360...

ICICI Bank: (844) Sell considering 851 & 858 solid resistances keeping stop loss of 868. Downward side break below 834 it'll fall down to 814.

AXIS Bank: (1135) Sell considering 1153 & 1165-1169 solid resistances keeping stop loss of 1188. Downward side it'll fall down to 1115, 1101 & 1081.

BF UTILITY: (408) Sell considering 414 & 432 solid resistances keeping stop loss of 446. Downward side it'll fall down to 393 & 380.

ASIANPAINT  ( Asian Paints Limited ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	3480	3414	3525	3585
S.SELL BELOW	3400	3435	3370	3260

TTKPRESTIG  ( TTK Prestige Ltd ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	3580	3518	3624	3685
S.SELL BELOW	3505	3540	3475	3370

APPAPER  ( Ap Paper Mills Ltd ) 

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	312	294	324	343
S.SELL BELOW	291	297	278	250

Today Market Technical Research Reports 23.04.2012

23 April 2012

SENSEX (Close - 17373.80)

Sensex had a panic dip at 17230 levels and finally closed near to 17380. It has proven that Sensex is not running comfortable above 17500 marks with a dot resistance at 17530. Crossover of 17530 will give us 17670 levels. Well, but in lower side if it sustain in negative then it will show weakness. We are on derivative expiry week and it will be highly active week ongoing. We are not getting any great boost from quarterly numbers and market is tryging to take its own shape. I like to mention that 200 day'smoving average is far at 17045 levels now. We seems to be in the mid way of ranges but strength is not expected now. Although if by any chance Sensex travel and cross above 17530 then I will be forced to trade long.

Support - 17240/17150/17045                                        Resistance - 17460/17530/17660

NIFTY (Close - 5290.85) Nifty has not able to surpass 5342 resistance yet and closed little far from those. I have already forecasted those resistance well in advance when we have seen recovery from 5183.50 levels. Those stiff resistance will be valid and Nifty may try to test 5243 and then try to move towards 5200.

Support - 5270/5243/5183                                                          Resistance - 5317/5342/5359

TATAMOTORS (Close - 316.65) Wave patternes are indicating for stiff resistance at 321 levels. Suppose if it advances towards 319-320 levels then one can try to trade on short side with stop loss above 321 levels and expect a downside towards 310-308. Crossover of 321 may give us 325.

Support - 312/308/304                                                    Resistance - 321/325/332

SBIN (Close - 2260.45) Technicals are suggesting that we may see a dip of rs 40-50 now. We can trade on short side with stop loss above 2288 for the target of 2170 to 2150. Use some intraday rise to short this stpck. PSU banks may not have good days ahead.

Support - 2240/2212/2188                                                          Resistance - 2288/2306/2332

RELIANCE As expected, resulted below expectation.... Now close watch support 723 decisively break Non-stop target 700-690 and below Sell... Sell... Sell...

TISCO Time to buy on decline... Consider support 450-460 Whereas the buying opportunity...

M&M: (726) 733 a crucial resistance to watch out for closing above which it'll spurt up to 748 & 771. Downward side 705 & 700 solid supports, keep stop loss of 692 to your buys.

HDFC Bank: (551) Buy considering 546 & 540 solid supports keeping stop loss of 537. Upward side it'll spurt up to 570 & 578.

ICICI Bank: (860) A close below 851 it'll fall down to 834 & 814. Upward side 867 & 879 solid resistances to watch out for.

GITANJALI  ( Gitanjali Gems Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	336	331	340	345
S.SELL BELOW	330	333	328	323

HINDPETRO  ( Hindustan Petroleum Corp )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	306	302	310	316
S.SELL BELOW	300	304	298	292

UNIONBANK  ( Union Bank Of India )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	226	221	230	235
S.SELL BELOW	219	222	215	212

Today Market Technical Research Reports 20.04.2012.

20 April 2012

SENSEX (Close - 17503.70) Sensex retested the range of 17520 to 17530, which is nearest resistance. I can conclude that Sensex has closed almost on resistance. Global cues are suggesting for some gap down but then also market will remains in a range. We will get Reliance quarterly result today after market hours. It can be the volatility of Reliance which can make the market moving. In the lower side we have support at 17300 levels. It seems that crossover above 17530 may give us rise towards 17620-17650 levels. We must note that yesterday was first day when Sensex closed above strong supply line on daily chart. This is the reason that market is trying to move up.

Support - 17410/17300/17180                Resistance - 17530/17610/17700

NIFTY (Close - 5332.40) Nifty has tested the resistance of 5342 in last few seconds of trade. Technical charts are suggesting for a gradual move towards 5359 and then 5379 if spend time above 5342. Nifty may refuse to fall remarkablly as long as it stay above 5290. Fall can begin from next week.

Support - 5311/5283/5270                                  Resistance - 5342/5359/5379

RELIANCE (Close - 741.65) Today will be last trading day for this stock before quarterly result. I am expecting weakness again. Keep an eye on 732 levels which might be tested today. Break below 732 will give a fall towards 718 which is next support. I am not optimistic about the market reaction towards next quarterly result.

Support - 732/725/718                            Resistance - 750/757/764

SBIN (Close - 2269.05) Banking stocks are now forgetting about repo rate cut boost. Technicals are suggesting for a steep fall if it breaks the support at 2254. I suggest to trade on short side with stop loss at 2290 for today's trading session.

Support - 2254/2238/2210                                  Resistance - 2288/2302/2323

BHEL Time to sell side... Below 350 - real weakness and first Target...? Thereafter more downside Remember we are bearish below 273...

M&M Overall trend is bullish Trading above 20-39-50 DMA Sustained above 711, it will show real power

DENA Bank: (99) Crossover above 102 it'll spurt up to 1070.50 & 111. Downward side 98 & 96 solid supports.

ICICI Bank: (882) 893 & 901 crucial hurdles to watch out for. Crossover above 901 it'll spurt up to 913 & 921. Downward side 875 a crucial support break below which it'll fall down to 865 & 857 on intra day basis, buy in panic keeping stop loss of 852.

AXIS Bank: (1196) 1214 & 1226 crucial resistances to watch out for. Crossover above 1226 it'll spurt up to 1250 & thereafter to 1287. Downward side 1175 & 1169-1165 crucial supports to watch out for on declines.

TATA MOTORS: (310) Crossover above 312 it'll spurt up to 323 & 334. Downward side 307 & 305 solid supports, keep stop loss of 303 to your buys.

BFUTILITIE  ( BF Utilities Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	445	434	452	462
S.SELL BELOW	432	438	425	410

ZENSARTECH  ( Zensar Technologies Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	228	216	237	248
S.SELL BELOW	215	218	206	185

HDFCBANK  ( HDFC Bank Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	556	548	559	566
S.SELL BELOW	546	551	544	534