19 April 2012
SENSEX (Close - 17392.40) Sensex opened higher but unable to
sustain at those levels and we have seen close near to the intraday low. We are
just on strong supply line. Market will again try to cross those supply line. I
must say that till now index has nt given any strong signal for fall although
it is creating such doubt. I feel that we may have some range bound trading
session today. Strong trading support will be at 16300-17280 levels. We will
have stiff trading resistance at 17525 levels. I am advising to take a cautious
approach at higher levels.
Support - 17280/17160/17070 Resistance - 17480/17525/17700
NIFTY (Close - 5300.00) Nifty has a high at 5342 which was
just above my given resistance of 5339. It seems that market may again try to
move near to those levels. Rise can be limited now. I will watchout for those
strong crossover rather than speculating for the same. Break below 5270 will
cause weakness.
Support - 5270/5241/5206 Resistance
- 5317/5342/5359
INFY (Close - 2371.25) This stock is on continous fall after
result day. You can expect first day for recovery although it has refused to do
it yesterday. I am suggesting to trade on long side on this stock with stop
loss at 2354 only. We can see levels of 2410 to 2450 today.
Support - 2354/2330/2300 Resistance
- 2402/2442/2470
DENA BANK (Close - 99.20) I got few query about this stock
in past few days. I myself have recommended this stock for trading few days
back but I have no intention to make it a investment call for you. From January
low of 48 it has moved to 102 and that is more than enough. Strongly adivising,
do not even think to make investment at current levels. If you already have
then off load it.
Support - 96/95/94 Resistance
- 102/105/110
RELIANCE (Close - 748.60) We have spend 18 trading session
after breaking 750 levels. It is still moving here and there after those break.
Market is waiting for its quarterly result. One must me very cautious near to
result. If it breaks 718 anytime then it will trigger fresh round of sell off.
Support - 737/729/718 Resistance - 757/764/770
TATA POWER Positive bias continue... Today above 105 bull
favour
MARUTI Looks good... As long as hold...? Up-move continue...
Crossover 1360... Decent move
WIPRO Downside strong support 415 Weakness only below that
level
BAJAJ AUTO Trend is Positive... As long as hold...?
ICICI BANK + AXIS BANK Both looks short term downward Sell
on rise... with tight stop loss...
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
1960
|
1935
|
2010
|
2080
|
|
S.SELL BELOW
|
1930
|
1950
|
1875
|
1800
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
351
|
346
|
353
|
358
|
|
S.SELL BELOW
|
344
|
349
|
340
|
337
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
312
|
307
|
315
|
320
|
|
S.SELL BELOW
|
306
|
310
|
301
|
297
|
( Tata Motors Limited )| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 312 | 307 | 315 | 320 |
| S.SELL BELOW | 306 | 310 | 301 | 297 |
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