15 February 2011
SENSEX (Close - 17848.60)
Sensex kept on trading in the range of 17580 to 17890 band from past
seven trading sessions which is just nearly 300 points. We are in the eighth
day of consolidation. Normally, Indices gives a break on eighth day. It may be
up or it may be down. Technicals are suggesting that traded above 17909 will
push us higher towards 18100 levels. In the lower side we will have good
trading support at 17710 before 17580. Till now globe remains favorable for
equity as Asian market is trading with gains. Action must be towards ADAG and
banking stocks for today. In the later part of the we need to see cues coming
from europe. This is the most irritating part of news flow as you cannot
guess's anything about those.
Support - 17660/17580/17360 Resistance - 17830/17909/18000
NIFTY (Close - 5416.05) Nothing is enough for Indian market.
We are almost 900 points away from December's low. I am still expecting
resistance at 5435. Well, but for how long? Cross over of 5435 will give us 5480.
Technical support will be at 5366.
Support - 5390/5366/5318 Resistance - 5435/5454/5476
HEXAWARE (Close - 110.15) Technicals remains same. As long
as it sustain above 111, it can add gains towards 114-115 levels. Buy this
stock with stop loss at 109. If profit taking comes on index then only it
should be avoided. As long as Nifty stand above 5400, it looks safe.
Support - 109/107/105 Resistance
- 114/115/116
M&M After a long gap... Closed above 710 with volume...
Trend is bullish and buy... Remember - not participated current rally.
VIJAYA BANK Decline to buy... Above 63, strong bull favour.
APIL Above 400 - Head & Shoulder Break out and target
480+
JP ASSOCIATES Today close eye 81 crossover with volume
Decent move.
SBI: (2198) Buy considering 2181-2172 a solid support
keeping stop loss of 2155. Upward side it'll spurt up to 2265 & 2317.
IDBI: (109) Buy considering 107.50-106.50 a solid support
keeping stop loss of 105. Upward side it'll spurt up to 112.50 & 115.50.
HERO HONDA: (2080) Buy on declines considering 2046 a solid
support keeping stop loss of 2034. Upward side it'll spurt up to 2093, 2129
& 2187.
HAVELLS: (508) Buy considering 500 a solid support keeping
stop loss of 494. Upward side it'll spurt up to 514, 522 & 536.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
192
|
188
|
194
|
197.5
|
|
S.SELL BELOW
|
187.5
|
189.5
|
185.5
|
180
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
375
|
365
|
382
|
392
|
|
S.SELL BELOW
|
364
|
367
|
357
|
340
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
270
|
266
|
273
|
280
|
|
S.SELL BELOW
|
265
|
268
|
261
|
254
|
