28 March 2012
SENSEX (Close - 17280.10) Sensex has again saved 17000 marks
and closed with some good recovery. We have seen sell off on P note talks. I
feel that its nothing but media driven talks who are habitual bringing
incomplete stories with some of their brilliant sources. We are under
performing in the globe from past 4-5 trading sessions. Once again technical's
will remains same. As long as 17000 levels sustain we can expect recovery near
to derivative expiry of this month series. FII data is also not suggesting any
big outflow. I go in technical way. Short this market only if it breaks 17000
levels.
Support - 17211/17101/17000 Resistance - 17480/17610/17735
NIFTY (Close - 5243.15) Nifty has tested a low of 5230 and
then bounced to break day's in a quicker move. We must note than 50 days moving
average is at 5240 levels. I need to conclude that 50 days move average is
acting as good trading support. To see further fall we must see Nifty to
sustain below 50 DMA. On higher side 5300 is immediate resistance.
Support - 5200/5171/5154 Resistance - 5299/5230/5268
LT (Close - 1303.20) As long as it is sustaining above 1274
levels, we can expect recovery on this stock. Use some intraday dip towards
1290 to trade on long side and keep stop loss at 1274. You can expect 5-6% up
side in 2 days.Support - 1290/1274/1250 Resistance - 1321/1334/1350
INFY (Close - 2875.90) Crossover to 2910 will give a rise
towards 2950 and then may be 3000 also. I will prefer to buy if trades sustain
above 2875 in initiate hours. One can keep stop loss at 2850 levels. I am not
expecting any great outcome in Q 4 but seems that market is surely expecting.
Support - 2850/2810/2775 Resistance - 2910/2950/3000
AXIS BANK Just check yesterday our resistance 1164 (High
1163.50) And drift lower on intraday towards 1131 Now today, support 1124 to
watch
SBI Just check once again Hold 2100 level and it was U Turn
Resulted in a high 2178.
TISCO Today support 442-440 If not break... target 450-456
HUL: (416) Buy considering 411 & 407 solid supports
keeping stop loss of 405. Upward side it'll spurt up to 429.
ICICI Bank: (876) 889 a solid resistance to watch out for.
Downward side 870 & 852 crucial supports to watch out for. Break below 852
it'll heavily crash down to 830 & 816.
Upward side crossover above 889 it'll turn positive &
surge up to 911 & 924.
AXIS Bank: (1141) 1161 a crucial resistance to watch out
for. Downward side break below 1117 it'll heavily fall down to 1091 & 1075.
Upward side crossover above 1161 it'll turn positive &
surge up to 1187 & 1203.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
566
|
551
|
580
|
600
|
|
S.SELL BELOW
|
549
|
555
|
535
|
507
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
198.5
|
195.4
|
200
|
203
|
|
S.SELL BELOW
|
194.5
|
196.5
|
193.5
|
189
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
196
|
193.5
|
197.5
|
200
|
|
S.SELL BELOW
|
193
|
195
|
192
|
189
|
