30 April 2012
SENSEX (Close - 17187.34) Sensex
kept on presenting better picture for market. It is still saving 17000 marks.
Trading range become very narrow now a day. It is hardly making any wave of
more than 400-500 points. It may be another dull day for index with support at
17000 marks. Once again, we can expect another little higher moves before fall.
It is better to ne stock specific for trade. In alter sense, one has to very
cautious as this market can see the fall anytime if it start trading below 17000
marks. I am almost sure that it is going to happen but may not be very soon.
You can say that market is directioness.
Support - 17120/17000/16920 Resistance
- 17250/17360/17480
NIFTY (Close - 5209.00) Nifty has
seen a return from 5155-5154. It was just close to a wave support of 5146
(which is parallel to a fall of 5379 to 5183). You need to make a count from
5342 to get those figure. Technicals are suggesting for choppy trade. We may
expect a crucial hurdle at 5228. Cross over will add gain towards 5248 and then
5270.Support - 5183/5146/5135 Resistance - 5228/5248/5272
INFY (Close - 2395.80) It was on
very likely pullback after recent dip. I do not mean for investment buy but we
may get some short term recovery on this stock. It can be a buy with stop loss
at 2374 for the target towards 2450. It is a cautious buy.Support -
2375/2353/2330 Resistance - 2412/2428/2450
TATAMOTORS (Close - 313.10)
Witness of strength is that it has even broken 307 in recent dip. Even small
recovery can push this stock higher towards 320 levels again. One can prefer to
trade long in intial hour with stop loss at 310. Trade long as long as 310
holds.
Support - 310/307/302 Resistance - 317/321/325
ICICI BANK Increase in Open
Interest + Increase in Volume Indicating positive bias in FO segment... As long
as hold...? Good And buying opportunity... Key Support... thereafter do not
hold long
TCS After result, sharp rally was
seen Now near to Key Resistance...? Reversal to sell side... with tight
stop-lossBe cautious at higher level
SBI Last week of trading - it
broke key support Indicating fresh weakness more downside open Consider
resistance 2195... Downside support... thereafter...
M&M: (715) Buy considering
705 a crucial support keeping stop loss of 698. Upward side a close above 724
it'll spurt up to 744 & 757. Downward side a close below 698 it'll turn
weak & fall down to 676, 662 & 640.
MARUTI: (1397) Buy considering
1388 a crucial support keeping stop loss of 1366. Upward side crossover above
1415 it'll spurt up to 1430, 1448 & 1478. Downward side break below 1366
it'll turn weak & fall down to 1338 initially. A close below 1338 it'll
crash down to 1310 & 1285.
SYNDICATE Bank: (101) Sell
considering 104 a solid resistance keeping stop loss of 108. Downward side
it'll fall down to 93 & 86.
BGR ENERGY: (336) Sell
considering 337 & 346 a solid resistances keeping stop loss of 357.
Downward side it'll fall down to 316 & 304.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
862
|
849
|
870
|
883
|
|
S.SELL BELOW
|
846
|
854
|
840
|
820
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
582
|
569
|
599
|
619
|
|
S.SELL BELOW
|
566
|
572
|
553
|
523
|
