26 April 2012
SENSEX (Close - 17151.30) Sensex
saved 17000 marks again while Nifty has tested 5160. Have a loow at the lows of
trades of 16thh Apriil 2012, Sensex hit a low at 17010 and Nifty hit a low at
5183.50. As of yesterday's low Sensex performed better and NIFTY underperform
Sensex by nearly half a percent. This has resulted some complications in pre
market analysis. Technical charts remains same. Market is weak but trying to
take a pause. S&P threat to downgrade India on policy paralysis. Well, in my
view S&P is threatening to do what they should have done much earlier. Many
of you might not be agree with my comment but my view is my view. Expect
volatility on expiry day.
Support - 17010/16920/16800 Resistance
- 17260/17350/17480
NIFTY (Close - 5202.00) Nifty is
not giving easy levels due to underperformance. Well, still this is weak and
fall seems to be unavoidable. I kept on taking intraday signals to trade.
Resistance will remains at 5241. As long as it is staying below those we can
expect fall and only fall. When will be retest 5135?
Support - 5160/5135/5080 Resistance - 5224/5241/5259
GAIL (Close - 335.75) Close below
340 is inviting fresh trouble for this stock. Technical charts are suggesting
that one can trade on short side if it spend time below 334. Break below 334
will result a fall towards 328. On higher side it will have stiff trading
resistance at 340.
Support - 334/328/324 Resistance - 339/342/346
INFY (Close - 2349.95) On closing
basis this stock is still at its lower end. We may see some rise on expiry day.
One can prefer to trade on long side with stop loss at 2323 levels. On higher
sde it may try to hit levels of 2400 again.Support - 2323/2300/2270 Resistance
- 2375/2400/2450
JP ASSOCIATES Below 75 time to
sell on rise Downside target 70 below
IDFC On rise to excellent
opportunity for short side... Higher-level resistance 125-130 range
IVRCL Correction over... from 75
to 60 As long as hold support... Decline to buying opportunity
WIPRO Time to sell... with tight
stop-loss For target... 370
AXIS Bank: (1095) Buy keeping
stop loss of 1081. Upward side it'll surge up correctively to 1113 &
thereafter to 1153 & 1168. Downward side break below 1081 it'll turn weak
& fall down to 1055 & 1047-1038.
HDFC Bank: (547) 551 a crucial
resistance crossover above which it'll surge up to 563 & 570. Downward side
543 & 538 crucial supports, keep stop loss of 536 to your buys. Break below
536 it'll turn weak & fall down to 523 & 516.
ICICI Bank: (839) 846.50 &
855 crucial resistances to watch out for. Crossover above 855 it'll surge up to
872. Downward side 827 a crucial support break below which it'll turn weak
& fall down to 811 & 801.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
166
|
163.9
|
168
|
171.5
|
|
S.SELL BELOW
|
163.5
|
165
|
161.5
|
157.5
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
742
|
719
|
760
|
783
|
|
S.SELL BELOW
|
717
|
725
|
705
|
666
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
162.5
|
159.5
|
167.5
|
173
|
|
S.SELL BELOW
|
159
|
160.5
|
154.5
|
147
|
