3 April 2012
SENSEX (Close - 17478.20) Sensex advanced a little in the
previous trading session. It has closed just below 17500 levels which is
important. Global cues are suddenly turning on very firm side. There are fair
possibility of gap up opening. It seems that we may get bullish gap opening and
finally we may advance towards 17700 levels. Technical support will be around
17380 to 17350 levels. I am not expecting any great strength and it may act as
a push due to global cues and so we must be very careful at higher levels.
Well, as long as charts are saying for another higher levels, we need to be on
long side. Actions might be limited as we will head for a long weekend.Support
- 17360/17210/17099 Resistance - 17580/17700/17820
NIFTY (Close - 5317.90) Nifty is again a buy on the
crossover of 5317. As long as it is sustaining above 5317, it is generating a
possibility of further 1% rise. It is giving us a target of 5380 to 5400
levels. As said yesterday, we have support oly ay 5274 levels. Be cautious at
higher levels.
Support - 5298/5274/5250 Resistance
- 5353/5380/5412
LT (Close - 1332.45) It is showing strength but this
strength can result gain if index start rising. Technicals are indicating for a
buy in rising market with stop loss at 1318 levels. We may see trading gain
towards 1357 levels. Below 1318, it may see a fall.
Support - 1319/1300/1274 Resistance
- 1345/1357/1379
RELIANCE (Close - 740.55) Yesterday I said for a buy if
sustain above 750 but it has slipped again from those levels. As long as it
sustain below 750 this stock is only for trades on short side. For today's
trade, short near 750 with stop loss at 754. Expect some good trading dip.
Support - 732/718/700 Resistance - 751/762/770
M&M Looks good... As long as above 701 level today
Decent move in coming days
DHAN LAKSHMI BANK Best way to avoid - such type of bank A
lot of speculative element is busy in this counter Concentrate - Kotak -Indus,
Yes, ICICI, Axis
BGR ENERGY Looks hot... as long as above 330 and play for
target...?
JP ASSOCIATES Above 84 - Please do not play Short sell...
DLF + HDIL Both looks hot... play with tight stop-loss
PANTALOON: (152.65) Buy considering 148.75 a solid support
keeping stop loss of 146. Upward side it'll spurt up to 164.50 & 169.
HAVELLS: (596) Buy considering 588.50-586 a solid support
keeping stop loss of 578. Upward side it'll spurt up to 603 & thereafter to
621.
RAYMOND: (428) Buy keeping stop loss of 421. Upward side
it'll spurt up to 444 & 459.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
276
|
269
|
282
|
291
|
|
S.SELL BELOW
|
267
|
272
|
262
|
250
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
194.5
|
190.5
|
196.5
|
200
|
|
S.SELL BELOW
|
190
|
192
|
188.5
|
183
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
617
|
604
|
623
|
635
|
|
S.SELL BELOW
|
602
|
608
|
596
|
580
|
