30 March 2012
SENSEX (Close - 17058.60) Sensex recovered frm low point of
16920. I was not bearish after opening although it was said very strongly that
we are going to see further massive fall. I have better and accurate figure on
Nifty. Technicals are suggesting that we should see market recovering today.
Yesterday's low of 16920 will act as strong support. We must watch banking and
technology stocks for better trading opportunity. US market has strongly
recovered from lower point. RBI remains on shocking side, planned to buy bonds
in open market operations (OMO). I need to quote, excessive government
borrowing is a trouble. These moves are completely beyond understanding. Bond
price may shoot up again, keep a close eye on it. This may affect stock market in
coming days. Strongly avoid banking stocks right now.
Support - 17000/16920/16800 Resistance - 17170/17310/17480
NIFTY (Close - 5178.85) Nifty hit a low of 5135.90 and
bounced to recover. This will act as strong trading support. As long as it
sustain above 5135 we should see a rise towards 5300 levels. I will update in
my blog about 5135 and the way of finding this.
Support - 5135/5100/5080 Resistance - 5200/5222/5252
TATASTEEL (Close - 453.10) This stock has saved fall fom
past four trading sessions and kept on making higher low. Technicals suggest
that this stock can take a move towards 465 levels. Buy this stock in any dip
and place stop loss at 445.
Support - 448/445/441 Resistance
- 459/465/472
LT (Close - 1280.55) As long as it is saving 1274, nothing
to be worried. Trade on long side and keep stop loss at 1274. You can expect
this stock moving towards 1300-1313 levels. If breaks 1274 then we can see some
down side.
Support - 1274/1259/1240 Resistance - 1292/1313/1323
HEXAWARE (Close - 110.35) It has rebounded strongly
yesterday from 103 to 112. This kind of moves never come without reasons. This
remains my favourite stock for investment. It will get good support at 108 now.
Buy in dip with stop loss at 108 for the target of 115 to 117.
Support - 108/106/103 Resistance
- 113/115/118
OPTO CIRCUIT Finally broken major support level With
excellent volume... Sell on Rise - Exit long too...Free fall on the card.
IVRCL INFRA We are very bullish above 60 And our positional
call... Target 66-67 Positional Call
TISCO Just check double bottom 440 and strong Strong
Resistance + Supply Zone 460-465
IDBI On-Rise to selling opportunity Below 108 do not think
to buy side... As per Fibonacci Projection Target 93 then 79
INFOSYS Sell on rise... If not cross...?...and close above
Lower level target 2700 –2651
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
450
|
436
|
457
|
469
|
|
S.SELL BELOW
|
434
|
439
|
427
|
410
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
177
|
173.4
|
179.5
|
184
|
|
S.SELL BELOW
|
172.5
|
175
|
170
|
164
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
406
|
391
|
430
|
458
|
|
S.SELL BELOW
|
389
|
393
|
365
|
330
|
