15 May 2012
SENSEX (Close - 16215.80) Sensex
came off by more than 1200 points in past nine trading sessions. We are now on
the verge of testing 16000 levels. Technical charts are suggesting that those
dip should come by today only. There is no remarkable outflow of FII money but
we have slipped in massive way. Sensex will face technical resistance at 16430
levels. Break below 16000 will cause fall towards 15900-15800 levels too. We
have seen some recovery from lower levels yesterday but those might be the out
put of rush after technical problem in stock exchanges. Metal, auto and banking
stocks will be oon focus in fall. If Sensex has to see any bounce then it must
save 16000 levels. Do watch a close eye on Greece. I am expecting re-election
now. European union do not want Greece in their union.
Support - 16125/16000/15900 Resistance
- 16350/16430/16500
NIFTY (Close - 4907.80) It has
moved from 4874 but those doesnot have any big meaning. One must note that
index always not rebounded from important support and yesterday was one such
days. It has to g near to 4850 and then it will be make or break situation.
Support - 4874/4850/4790 Resistance - 4932/4971/5000
ICICI BANK (Close - 800.70)
Banking stocks will again see fresh sell off. Technical support for this stock
will be at 794. If this stock sustain below 794 then one can expect levels near
780. I suggest to trade with stop loss above 810 levels.
Support - 794/786/778 Resistance - 809/819/831
RELIANCE (Close - 681.30) I have
already projected this price of 680 on 22 March 2012 when it had broken 750
levels. What is coming next? Sooner or later it has to hit 650 levels. One may
trade short in initial hour with stop loss above 689 for the trading target
near 670 to 665.
Support - 674/668/661 Resistance - 688/694/700
TATASTEEL (Close - 408.20) As
long as this stock sustain below 418 we can expect fall towards 398 to 395
levels. For today's trading one can prefer to trade on short side with stop
loss above 414 levels. We can expect target below 398.Support - 402/398/394 Resistance - 414/418/426
ACC Friday mentioned ACC sell in
opening bell to our paid clients.
BGL ENERGY Broken major support
level, weekly - monthly level also...Trend is down...
LT Today it will come out the
nos... Think positive bias if trade above 1155 Otherwise - problem in result
SBI In this week, it will come
out Result And some problem likely... Now close eye 1890-1908 If not cross this
level... may test 1715
DENA Bank: (81.55) Sell
considering 83-84 solid resistance keeping stop loss of 85.50. Downward side
it'll fall down to 78 & 76.
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
633
|
624
|
638
|
648
|
|
S.SELL BELOW
|
622
|
627
|
617
|
605
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
218
|
215
|
220
|
224
|
|
S.SELL BELOW
|
214
|
216
|
212
|
208
|
|
Action
|
Trigger Price
|
Stop Loss
|
Target-1
|
Target-2
|
|
BUY ABOVE
|
606
|
594
|
612
|
622
|
|
S.SELL BELOW
|
592
|
597
|
587
|
573
|
