HINDALCO: this counter continuous down trend and touch at lower levels so this levels around short covering possible in this counter and buy profit in counter trading ....low side 190.0 level above on time up side touch at 214.0 level in coming trading days .....

BSE index: (18178) 18106-18082 most crucial support to watch out for. Break below 18082 heavy fresh selling will drag it down to 18020, 17955-17916 & 17812-17749.

Upward side 18271-18306 & 18361 crucial resistances, keep stop loss of 18378 to your shorts. Crossover above 18378 it'll turn positive & spurt up to 18519 & thereafter to 18605.

Nifty FEB Future: (5440) 5411 a most crucial support to watch out for. Break below 5411 heavy fresh selling will drag it down to 5371, 5349-5336 & 5300-5279.

Upward side 5478-5491 crucial resistance, keep stop loss of 5502 to your shorts. Crossover above 5502 it'll turn positive & spurt up to 5549 & 5577 in a disguised manner.

BAJAJ AUTO: (1307) Sell on higher levels considering 1322 a solid resistance keeping stop loss of 1330. Downward side it'll fall down to 1296 initially. Break below 1296 it'll crash down to 1280 & 1254.

HERO HONDA: (1467) 1500-1525 crucial resistance area if it remains intact then expect it to fall down to 1438-1417 on intra day basis, buy on declines keeping stop loss of 1380. Upward side crossover above 1525 it'll spurt up heavily to 1629.

ABG SHIP: (368) 375-381 solid resistance where selling will be seen, keep stop loss of 381 to your shorts.

ESCORTS: (117) Crossover above 121 it'll spurt up to 127 & 131.

TATA MOTORS: (1145) Break below 1123 it'll fall down heavily to 1106, 1093 & 1071. Upward side 1169 a solid resistance.

CAN Bank: (579) Sell considering 584-588 solid resistance keeping stop loss of 596. Downward side it'll fall down to 568-565 & 558.

ANDHRA Bank & ALLAHBAD Bank: Sell.

ICICI Bank: (108) Sell considering 1015 a solid resistance keeping stop loss of 1030. Downward side it'll fall down to 987-982.

AXIS Bank: (1255) Sell considering 1270 a solid resistance keeping stop loss of 1281. Downward side it'll fall down to 1236 & thereafter to 1221-1212 & 1173.

BHEL: (2047) Break below 2033 it'll crash down to 1960 & 1916. Upward side 2065 & 2084 solid resistance, keep stop loss of 2087 to your shorts.

REL INFRA: (698) Expect it to rush up to 725 initially. Crossover above 725 it'll sustain on higher levels & flare up to 772. Downward side 674 & 664 solid supports, keep stop loss of 647 & buy on declines.

After a sharp selling, some support andshort covering in Friday trading indicate near term support 5177. During the week watch out some major events like - Revision of excess 2G spectrum fee (2) Some more arrest likely Unitech and DB Reality Group (3) Sebi Action of down fall of ADAG stocks. However tightening of money policy in India likely continue due to high inflation and in coming days RBI, may announce more steps which could results more capital outflows fro mthe equities. 

After the positive opening intraday nifty was showing strength on positive side. And close around 5470 level this is the channel line breakout level. Above that we can see more upside. We can see the next resistance level around 5500-5550. And support side 5400-5330 level. 

Over all short term bottom established in the market and crossover 5320 will extend further rally which will test near 5420 and successfully crossover more up isde can not be ruled out. For strong bullish it must needs to record a close above 5650 level . However market is still trading below ..... 200 DMA and 50 DMA level which is likely stiff resistance in near term.

Bse sensex was showing positivity with good strength. And it closes above 18000. This the first resistance level on upside. Now the next level we can see around 18500 above that more upside expected. Bse closes around 18202 now the 18000-17800 is the support range.

After positive opening Bank Nifty was showing full strength on positive side and it closes above 10750 level above that positivity on upside we can see in coming days. Today Bank Nifty again give sharp move on upside. Now for today for intraday trading resistance at 10900-11000. And support is 10750-10500 level. Higher level resistance 11000-11100 watch out.

 

Looks good and near to break out......down side support 330 watch out.....Short term up side if crossover their resistance level. 

Strong reversal from the lower level....... Now near to major resistance 2730-2750 watch and big supply can not be ruled out.... Decisively crossover over all buying in banking stocks. . Looks hot and buy. 

Looks very hot and buy........ Today support 614-610 to be watch out.......and buy side for target 625 - 630, if stay with volume decent move likely in this counter and non stop target...?

Excellent stock for renewal energy.... Buy and forgot this counter.....

 ACC

Now support is 993... crossover, Higher level resistance 1024-1026 watch out.... Crossover it may test 1050 level.....

Now we may consider support 980-985 range.... Hold this level may test 935-940 mark. However higher level some supply can not be ruled out. Rs. 1500 crore penalty is a big problem of this counter.

MVL Ltd. rose by 0.17% to Rs 28.80 after the reports that the company has finalized to raise about USD 100 mn through foreign currency convertible bonds, global depositary receipts or American depositary receipts.

At present, the market breadth indicating the overall health is negative with 587 stock advancing, 2,021 share declining and 98 stock are left unchanged. Further, the overall market breadth is negative as 12 out of the 13 sectoral indices are trading lower.

Losers from the Sensex Pack till now are ONGC (3.84%), M&M (3.82%), Jaiprakash Asso (2.98%), Tata Steel (2.81%) and HDFC Bank (2.36%).

The BSE Realty index was at 2,180.87 down by 55.08 points or by (2.46%). The main losers were Unitech (4.73%), Sobha Dev (4.38%), Sunteck Realty (4.11%) and Indiabulls Real Estate (4.09%).

European markets, which opened after the Indian market were trading on a mixed note. Key benchmark indices like – CAC 40 was trading higher by 0.08% at 4,094.18 and in Frankfurt, DAX index was trading up by 0.21% at 7,299.08. On the flipside, the FTSE 100 declined by 0.13% at 6,043.28.

The BSE CD index was at 5,604.82 down by 222.11 points or by (3.81%). The main losers were VIP Inds (7.15%), Titan Inds (6.02%), Gitanjali Gems (2.36%), Videocon Inds (2.16%) and Blue Star (1.37%).

The BSE Realty was at 2,167.13 down by 68.82 points or by (3.08%). The main losers were Unitech (7.09%), Sobha Dev (4.99%), Indiabulls Real Est (4.39%) and Orbit Corp (3.86%).

On the corporate front, shares of Gujarat Apollo Industries Ltd plunged 6.33% to Rs 144.90 following reports that net profit of the company slumped 42.2% to Rs 5.13 crore in Q3 Dec’10 on y-o-y basis.

The BSE CD index was at 5,690.27 down by 136.66 points or by (2.35%). The main losers were Whirlpool (4.65%), Videocon Inds (3.49%), VIP Inds(3.17%), Titan Inds (2.79%) and Blue Star (2.62%).

The leading Asian bourses are negative as Hang Seng, Taiwan Weighted and Strait Times are trading lower by 109.49, 33.89 and 8.53 points respectively.

For INTRADAY NIFTY TRADING TIPS:

After positive opening NIFTY is in range bound situation and at the end it closed flat. Below 5400 we can see the next support level is 5350-5230. And major resistance is 5550.

Over all more than 500 points wipe out in last week indicate bearishness in the market.

Below 5550 major weakness in the market and may test 5375-5330-5150 higher level resistance 5550 and 5630 watch out in this week. Weekly Trend Decider 5443.

BSE INDEX

Yesterday BSE SENSEX showing range bound situation and close flat too positively. Now the next support to watch out for today is firstly 17804 and below that 17388. And major resistance at 18500 level. 

CNX BANK NIFTY

Just check out the Bank Nifty on charts at 10437 level it give free fall around 80 points and close around 50 points downside from the breakout level. Yesterday it was in range bound situation. Bank Nifty finally breaks the 10400 level and close below. Then next support is 10320 below that finally downside tgt. Is 9905. And major resistance is 10750.

PNB

HOT SELL.....HOT SELL ... HOT SELL... Now consider resistance 1050 and sell side, down side target...........900-845 in coming days. 

BHARTI TEL

We are continuous writing resistance + Laxman Rekha of this counter 345-350 level and crossover and close above think to buy side, otherwise sell.... Check what happened on yesterday.....and higher level. 

RELIANCE INFRA

Down side strong support 670 watch out.........if hold this level, short term bounce back likely......

STER LTD

Higher level stiff resistance 173-175 watch out.............

RENUKA SUGAR

Do not panic at lower of this Industry leader.......now hold support 90 target 100 mark. 

RELIANCE

Lower level some support and buying were saw in this counter.... Now resistance 948-950 watch out.....of Big Brother......... 

DLF

Short term positive.... Now consider resistance 249-250 range.....

BANKNIFTY

Market is holding below the 11041 level. Stop at 11950. index drop down to 9677, The mid side level of 10513 was broken when prices closed below the middle pitchfork line.

RELIANCE:  Support level of    928 was broken. Look for a possible drop to the next support level 911. 

TATA MOTORS:  Maintain short position.  Price projection of   1141 has been reached. Stop at   1203. Downward trend shows some strength with today's close below the lower pivot band. The CCI is below -100. This security is oversold at this time.

TATA STEEL : Support level of  641 was broken. Look for a possible drop to the next support level 616-605-599.

HINDALCO: Remain out from the Stock.

STERLITE: Support level of 169 was broken. Look for a possible drop to the next support level150-140.

SENSEX'S Super cycle:
Indian stock market major bull wave: On 21/09/01 from 2594.87 to 21206.77 on 10/01/08 in 5 major waves.
Super cycle major A B C correction started: on 10/01/08 from 21206.77 to 7697.39 on 27/10/08 is completion of wave A..

Corrective up move started: on 27/10/08 from 7697.39 to 21108.64 on 05/11/10 is completion of wave B. (As per technical theory wave B is equal or lower than where major bull wave ended i.e....21108.64 against 21206.77. The entire wave from 7697.39 to 21108.64 was corrective wave because only half of the heavy weight stocks were able to make new highs where half were considerably lower of their highs of JAN 2008.)

Now C wave started from on 05/11/10 from 21108.64 as till now many intermediate supports have broken. Now as per technical theory C wave value should be equal to wave A value or bit lower than that & the exact value comes @ 6955 as per entire calculations...so it is quiet clear where the SENSEX is heading now. Moreover the nature of B wave & C wave is always identical so as the B wave came in one single phase & not given any corrective fall in between so in this C wave also it will come in one single phase & don't expect any major corrective up move.

A Big movement is still due in markets. With commodities falling, more pressure will be witnessed in markets. No one told you to short at 6150 except us, our last target of 5460 has already hit.

Also don't forget to check Indian market view column under Current Theory/Hypothesis section for detailed explanation. You can also check past newsletters in Archives section.

As told on Friday, Friday's closing was very important for markets and Nifty fell and hit our target on Friday itself.

Also U.S jobs report was an important deciding factor for the direction of global markets.

Cover all shorts once if Nifty closes above 5580.Also if Nifty closes below 5460 today, Nifty will hit 5350,5300 very soon.

DID ANYONE TELL YOU TO SHORT AFTER FED'S DECISION,LOOK DOWN AND SEE FOR YOURSELF,WHAT WE WROTE ?

ALSO IN COMING FALL IN MARKETS, DO REMEMBER TO BUY SUGAR STOCKS[BAJAJHIND AND RENUKA SUGAR] FOR UPSIDE OF 50% TO 200% IN NEXT 3 MONTHS.2 INDEX STOCKS WILL GO UP BY 20-30% IN NEXT 3 MONTHS AND 1 MIDCAP WILL SHOOT 60-80% BREAKING ALL TIME HIGH'S.

MCX CRUDE OIL PRICES WILL MOVE 20$ ON ONE SIDE IN NEXT 2 -3 MONTHS,TO KNOW WHERE ,JOIN US.[CRUDE WENT FROM 80$ TO 91$ IN JUST 1 MONTH].

NOW MCX CRUDE CAN GO BACK TO NEAR 84$,82$.OUR CLIENTS WENT SHORTED AT 91$.[85$ HITS]

Index closed very near to its major resistance of 18500 yesterday and above this level, we may be sure of further rise in its level. No risk is seen for the markets above this level.

Markets may open positive for today and may remain volatile as the traders may like to book profits at higher levels on the last working day of this week. Play safe and avoid overnight positions for Monday.

Future CALLS GIVEN yesterday

TATA MOTORS Futures (250 shares) given by us yesterday gave good profits Given at 1138 and booked at 1160?

HINDALCO Futures (2000 shares) given again by us yesterday gave good profits Given at 239 and booked at 246?

PFC Futures (1000 shares) given again by us yesterday gave good profits Given at 254 and booked at 260?

NIFTY Futures (50 shares) given again by us yesterday gave good profits Given at 5450 and booked at 5500?

NIFTY Futures (50 shares) given again by us yesterday gave good profits Given at 5500 and booked at 5530?

BANK NIFTY Futures (25 shares) given again by us yesterday gave good profits Given at 10550 and booked at 10650?

AIN IRRIGATION given by us yesterday gave good profits Given at 174 and booked at 180?

BATA given by us yesterday gave good profits Given at 319 and booked at 328?

NIFTY FUTURE TRADING ADVICE

No risk is seen above the level of 5530 but below this level it remain weak for 5480 and below also and above 5550 it remain good for 5600 and above also. 

BANK NIFTY TRADING ADVICE

No risk is seen above the level of 10650 but below this level it remain weak for 10500 and over 10700 it remain good for 10900 and above also. 

BSE INDEX No risk is seen above 18400 but below this level it remain weak for 18200 and below also. Above 18500 it is good for 18800 and above. 

NSE----- No risk is seen above the level of 5520 but below this level it remain weak for 5470 and below also and above the level of 5550 it remain good for 5600 and above too.

NIFTY :

Nifty was showing range bound situation and close flat too positive. Yesterday nifty sustain above 5400 then next support we can see 5380-5360. And we could see the resistance level around 5490.

Below 5550 major weakness in the market and may test 5375-5350 in near term, thereafter freefall up to 5200 and below.

.BSE INDEX

Yesterday BSE SENSEX showing range bound situation and close positively. Finally after five days we can see the green bar in the charts. It near to MS OF 17804. For today next resistance level wise 18395-18452 levels we see more upside from that level.

The next important level to watch out for upside MR-18710 and downside MS we see 17804 levels. Its indicators also negative side.

CNX BANK NIFTY

Bank Nifty was showing volatility and close negativity. It on the way to down side and near to tgt. Of 9905. Now the for today support we can see at below 10400-10370 level and resistance side we can see the 10727 level. Remain below 10750 target 10000-9900 likely test.

 

DLF

Short term support established around 216-220 hold this level ....... Decline to buy side.... Over sold counter, lower level do not play short blindly. Above 234.. close watch.

ACC

Today time to rise sell side, whether result good or bad... only sell this stock. Big fall on the card in coming days. Today selling opportunity.......

BHARTI TELE

Major weakness and negative divergence in this counter..... Triangle break out will down side further... Two close below 317 just see what happened in this counter. 

CIPLA

Finally broken strong support level.........now play for short sell.......

ICICI BANK

Some support at lower level, however trend is still bearish... with consider resistance 1025... unable to cross this level with volume- sell side....

RELIANCE

Over sold counter... now support 900 and fresh weakness only below that level.... Today resistance 937........

AUTO