27 January 2012
SENSEX (Close - 17077.20) Sensex advanced further in the
last trading session. News flow remains strong even after holiday. A technician
can conclude that we might be near to the top but still spotting a top remain
tough as overseas cues are indicating for another higher opening. It seems that
we will get some stock specific correction. On the derivative expiry we have
seen some roll over of short positions also. We will have strong trading
support at 17000 levels. Very obviously, market has generated a pattern where
it has not broken previous day's low on any next day. We can expect levels near
17200. We will again get some momentum buys today as those buying are still on.
FII comes out with another strong set of buying figures.
Support - 17000/16900/16820 Resistance - 17200/17340/17500
NIFTY (Close - 5158.30) Nifty is very likely to move near
5200 marks. How much upside has left? To be honest, I am unable to figure out.
Charting structure suggest that cross over of 5208 can push the market to
further higher levels. 5208 is 200 days moving average.
Support - 5130/5100/5050 Resistance - 5208/5250/5300
LT (Close - 1330.70) It can be gap up on index which can
deviate the chart. As of past trading session, it has tried to make a short
term top loss at 1370. It will a short signal if breaks 1315 levels. If by any
chance stock slips and dip below 1315 then trade on short side for some
impressive fall. Enough of rise.
Support - 1315/1300/1280 Resistance
- 1345/1355/1370
TCS Consider resistance at 1140-1150 And move only above
that level, Otherwise reversal to sell side.
TATA MOTOR Finally broken resistance level Close eye 241,
thereafter it will show more power Today support 227-225 to watch out.
RELIANCE We prefer to buy on decline... Consider support at
778 Once crossover...?... with volume Buy your choice... ... for target 835
MARUTI: (1186) Buy considering 1171 a solid support keeping
stop loss of 1158. Upward side it'll spurt up to 1201, 1217 & 1244.
SBI: (2057) 2040 a nearest support break below which it'll
fall down to 2024 & 2005, buy on declines keeping stop loss of 1965. Upward
side it'll rush up further to 2091 & 2115. A close above 2115 it'll spurt
up to 2225.
IOB: (91) Buy considering 90 a solid support keeping stop
loss of 87. Upward side crossover above 95 it'll spurt up to 102.50.
LIC HSG FIN: (256) Buy keeping stop loss of 250. Upward side
it'll spurt up to 267.50 & 271.
AXIS Bank: (1060) Buy or remain long keeping stop loss of
1046. Upward side it'll spurt up further to 1079-1085 & 1108.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
238
|
233
|
241
|
246
|
|
S.SELL BELOW
|
232
|
236
|
230
|
224
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
202
|
197
|
207
|
214
|
|
S.SELL BELOW
|
196
|
199
|
193
|
184
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
200
|
196
|
204
|
211
|
|
S.SELL BELOW
|
195
|
197
|
190
|
182
|
