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.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
189
|
183.6
|
193.5
|
200
|
|
S.SELL BELOW
|
183
|
185
|
178.5
|
169
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
209
|
205
|
212
|
216
|
|
S.SELL BELOW
|
204
|
206
|
202
|
195
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
403
|
398
|
409
|
419
|
|
S.SELL BELOW
|
396
|
401
|
391
|
381
|
