As expected finally Bank Nifty crossover 11000 and closed above 11150 and closed at 11494. Now time to bullish view.... We may consider down side strong support 11000-11100 and decline to buy side, above 11500 more up side and heading towards 12000-12250 in coming days. Remember we are bullish above 10500 and already flared more than 1000 points. 

TODAY:

After positive opening in Bank Nifty showing very good strength in the market. It's crossing the 1^st resistance level and tries to go 2^nd resistance but close below 11800. Now the important level to watch out for today intraday working resistance is 11855-11912 it is the major resistance level above that can see more positivity in the market. And support is 11625-11551. Ultimate target 12000 +

Support @ 5640 - 5605 - 5560 - 5535 - 5495 - 5460

Resistance @ 5720 - 5755 - 5785 - 5810

SBI (2749) : 2775 and 2815 are the strong and crucial resistance for the day. Down ward side 2720 is nearest and 2690 is solid support for the day.

BOI (461) : 472 and 475 are resistances. 450 and 444 are supports for the day.

Canbank (618) : Buy keeping sl of 600. Upward side expect 631 and 645 which is solid resistance. Cross over above 645 stock may shoot up further to 670-682.

Orchid (305) : 295 is nearest and 290 is strong support for the day. Upward side crosses and sustains above 308 then expect stock to zoom to 320-325 levels.

Tatamotors (1224) : 1200 and 1190 are solid supports for the day. Crosses and sustains above 1230 then stock can zoom up further to 1260 which is solid hurdle on higher levels.

Tatasteel (613) : 621 is nearest and strong resistance for the day, crosses and sustains above 621 then stock may zoom to 635 which is rock solid hurdle on higher levels.

Aban (615) : 626 is nearest resistance, cross over above 626 stock will move up towards 647 and 660. Down ward side 600 and 590 is strong support.

Intraday Stock Nifty (5480) : {Spot levels}

Support @ 5450 - 5424 - 5395 - 5370 - 5345 - 5320

Resistance @ 5485 - 5510 - 5540 - 5570 - 5610

BOI (450) : 455 and 443 are deciders for the day.

Canbank (606) : 590 and 615 are deciders for the day.

Orchid (291) : 294 is nearest and crucial resistance, crosses and sustains above 294 then expect stock to zoom to 300 and 307 which is solid hurdle on higher levels. Down ward side 286 is nearest and 281 is strong support for the day.

Tatamotors (1137) : 1110 and 1090 are nearest and solid support for the day. Upward side 1155 is nearest and strong resistance for the day.

Tatasteel (601) : 611 and 620 are the resistances. Down ward side 590 is nearest and crucial support for the day.

As last week mentioned that Nifty will face resistance 5600-5650 range unable to cross and last day of trading reversal. Now we may consider key support is 5370 and decisively break below with volume easily test 5330-5310, thereafter heading towards 5310. On the higher side, if hold support level 5350 may face resistance 5450-5520-5550 in near term. A strong close above 5650-5670 range will negate the bearish medium term outlook.

MARKET TODAY:

Yesterday Nifty was open positively. Intraday Nifty was showing some range bound situation and it close around 5364 level below 5372 weakness indication for the nifty. Now the important level to watch out for today intraday working major resistance is 5411-5501. 5501 is the major resistances for today intraday working above that see some positivity in that counter. And support is 5340-5230. Because of flat closing there are no changes in support resistance.

On the last week BSE Index unable to penetrate 18700 range and started down ward journey and finally made a low 17849 which is near to 200 EMA, In this week, we may consider support 17800 and decisively break will invite correction up to 17500-17243, which is the last leg of support of this rally, thereafter over all selling in the market and may test 16758-16500-16000 range. On the higher side, 18500-18750 is a stiff resistance and continue close above will negate the bearish view only. 

MARKET TODAY:

Market is in consolidation mode and its trading range is 17800 to 18500 any break out level see some movement in the market. Yesterday it is in range bound situation. It breaks the 17800 level but not sustains and closes above the 17800. At the next major support is 17412 and major resistance is 18471. 

Bank Nifty trading continue in trading range between 10700 to 11150 and either side break out will move 500 points easily. We may consider resistance 11000-11100 and reversal to sell side, down side support 10500-10600, break with volume immediate target 10000 + in near term. 

MARKET TODAY:

Yesterday Bank Nifty opens positively. But it can't maintain on upside. And It break the 10700 level below that if close then bearishness in that counter. Because it is down side major support 10700, weakness only below that level, it close above that level close flat to positive then no changes in support resistance level higher level resistance 10926-11100, and support is 10500-10320. Watch trading range.. 10600 to 10850. 

Now Resistance 1015-1020 range

Down side support exit 980, below

Further fall on the card up to.....

Loosing strength....

Today time to short sell.. at higher level

With tight stop loss.....?

Some support at lower level.

Today crossover...? And stay likely test 2640-2650

Major resistance.....? reversal to sell. 

Yesterday some support at lower level .Today buy only above...?.... if stay with volume.

For quick profit ......

 HINDALCO

We are in selling mode from the level of 240.

Thereafter 220-210 for target 192 -

Achieved on yesterday.... Now time to sell again on rise....

Looks very hot......Consider support 1000 and decline to buy side....

Time to sell... at higher level With tight stop loss.....?

BSE index: (18359) 18445-18464 solid resistance up to which selling on higher levels will be seen, keep stop loss of 18480 to your shorts. Downward side 18292 a crucial support break below which it'll fall down to 18182-18151 initially. Break below 18151 panic selling will drag it down further to 18082 & 17970.
Upward side crossover above 18480 it'll surge up to 18578-18584 & thereafter to 18732. 

Intraday Nifty March Future: (5529) 5562 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 5573 to your shorts. Downward side 5503 a nearest support break below which it'll fall down to 5464 initially. Break below 5464 panic selling will drag it down further to 5430 & 5401.

Upward side crossover above 5573 it'll surge up to 5635 & maximum to 5680 in a disguised manner.

APOLLO TYRES: (68) Sell on higher levels considering 70 a solid resistance keeping stop loss of 71.50. Expect 64-61.50.

TVS MOTORS: (58) Buy on declines considering 56.50 a solid support keeping stop loss of 55. Expect 60-61.50.

ESCORTS: (135) Sell on higher levels considering 137.50 a solid resistance keeping stop loss of 139.50.

SBI: (2643) 2664 a crucial resistance crossover above which it'll surge up further to 2685 & 2716.

PNB: (1097) Sell considering 1106 a solid resistance keeping stop loss of 1117. Downward side break below break below 1090 it'll fall down to 1070.
Upward side crossover above 1117 it'll surge up further to 1138 & 1168.

YES Bank: (278) Buy on declines considering 273 a solid support keeping stop loss of 269.50. Crossover above 282 it'll spurt up to 288 & thereafter to 305.

CENTRAL Bank: (171) Expect further up surges to 178.

HDFC Bank: (2185) 2208 & 2220 solid resistance, selling on higher levels will be seen. Expect 2168 initially. Break below 2168 it'll fall down heavily.

REL CAP: (576) Sell considering 590 a solid resistance keeping stop loss of 595. Downward side break below 568 it'll fall down heavily.

REL INFRA: (645) 638 a crucial support, keep stop loss of 633 to your buys. Expect 667-671, book profit on higher levels.

TATA MOTORS: (1163) Keep stop loss of 1177 & go short. Break below 1147 it'll fall down heavily.

On NSE Future and Options, total number of contracts traded in index futures was 725747 with a total turnover of Rs. 18396.88 Crore. Along with this total number of contracts traded in stock futures were 514567 with a total turnover of Rs. 12961.74 Crore. Total numbers of contracts for index options were 3112978 with a total turnover of Rs. 85744.64 Crore. and total numbers of contracts for stock options were 105944 with a total turnover of Rs. 2833.11 Crore.

In the major indices, the Dow Jones Industrial Average (DJIA) closed with a gain of 59.79 points or 0.5% at 12,044.4, while NASDAQ index finished higher by 14.59 points or 0.5% to 2,715.61. The S&P 500 (SPX) closed up by 9.17 points or 0.71% to 1,304.28.

The FIIs on Friday stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 1651.80 Crore and gross debt purchased stood at Rs. 1040.90 Crore, while the gross equity sold stood at Rs. 1688.90 Crore and gross debt sold stood at Rs. 585.50 Crore. Therefore, the net investment of equity and debt reported were Rs. (37.10) Crore and Rs. 455.40.

Top traded Volumes on NSE Nifty – Jaiprakash Associates Ltd. 14446243, Reliance Communications Ltd. 13528226, Suzlon Energy Ltd. 11068665, Hindalco Industries Ltd. 8250452 and Tata Steel Ltd. 7305090.

The key equity averages are likely to open negative tracking cues from Asian markets that are trading lower, despite positive finish in the Wall Street as earthquake in Japan has dampened investors’ sentiment. Further, Japan’s .

Separately, Seoul Composite and Taiwan Weighted are trading down by 1.24% and 1.64% respectively. In the domestic arena, the markets are likely to follow the rout of global counter part and trade range-bound with downside movement. IT, Power and Oil&Gas pivotals will be in focus today.

On BSE, total number of share traded was 33.62 Crore and total turnover stood at Rs. 3974.45 Crore. On NSE, total number of shares traded was 57.98 Crore and total turnover stood at Rs. 11162.32 Crore.

In the major indices, the Dow Jones Industrial Average (DJIA) closed with a loss of 228.48 points or 1.87% at 11,984.61, while NASDAQ index finished lower by 50.7 points or 1.84% to 2,701.02. The S&P 500 (SPX) closed down by 24.91 points or 1.89% to 1,295.11.

The FIIs on Thursday stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 1856.90 Crore and gross debt purchased stood at Rs. 383.60 Crore, while the gross equity sold stood at Rs. 1650.30 Crore and gross debt sold stood at Rs. 1061.00 Crore. Therefore, the net investment of equity and debt reported were Rs. 206.60 Crore and Rs. (677.40) Crore.

Top traded Volumes on NSE Nifty – Reliance Communications Ltd. 23881737, Suzlon Energy Ltd. 18427171, Jaiprakash Associates Ltd. 8136477, Hindalco Industries Ltd. 8001364 and Tata Steel Ltd. 6225753.

On BSE, total number of share trading was 29.36 Crore and total turnover stood at Rs. 2971.41 Crore. On NSE, total number of shares traded was 51.2 Crore and total turnover stood at Rs. 9,545.4 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 508866 with a total turnover of Rs. 12959.70 Crore. Along with this total number of contracts traded in stock futures were 432135 with a total turnover of Rs. 10929.92 Crore. Total numbers of contracts for index options were 2144238 with a total turnover of Rs. 59407.78 Crore. and total numbers of contracts for stock options were 90008 with a total turnover of Rs. 2399.58 Crore.

Today, Nifty would have a support at 5,413 and resistance at 5,522 and BSE Sensex has support at 18,067 and resistance at 18,422.

On the global markets front, all the major indices in Asia ended on a negative note. The Shanghai Composite, Nikkei225, Taiwan Weighted, Seoul Composite and Hang Seng declined by 1.47% at 2,958.16, 1.46% at 10,434.38, 1.22% at 8,642.90, 0.99% at 1,981.58 and 0.82% at 23,614.89 respectively.

European markets, which opened after the Indian market, traded on a negative note. Key benchmark indices like – CAC 40 was trading lower by 0.82% at 3,961.03, FTSE 100 declined by 0.62% at 5,900.44 and in Frankfurt, DAX index was trading down by 0.60% at 7,088.68.

The BSE Metal index was at 15,666.92 down by 206.97 points or by 1.3%. The main losers were JSW Steel Ltd. (Rs. 938.85,2.93%), Tata Steel Ltd. (Rs. 596.80,2.59%), Hindustan Zinc Ltd. (Rs. 131.45,2.12%), Jindal Saw Ltd. (Rs. 193.95,1.77%) and Sesa Goa Ltd. (Rs. 274.95,1.75%).

The BSE Realty index was at 2,120.47 up by 14.03 points or by 0.67%. The main gainers were Sobha Developers Ltd. (Rs. 271.00,1.67%), Parsvnath Developers Ltd. (Rs. 30.70,1.66%), Unitech Ltd. (Rs. 38.05,1.47%), DLF Ltd. (Rs. 228.50,1.42%) and Indiabulls Real Estate Ltd. (Rs. 114.20,0.79%).

On the corporate front, shares of Infosys Technologies Ltd fell 0.25% at Rs 3,087.45 after reports came in stating that the company is looking for acquisitions in the health care space.

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On the corporate front, Shyam Advisory rose by 5.88% to Rs 12.79 after the company bagged a contract worth Rs. 3.33 crore from Utkal Steels to supply GI lattice & pipe and foundation bolts along with all other accessories.

JSW Steel Ltd. rose by 1.57% to Rs. 934.00 after the company booked 8% surge in crude steel production to 5.41 lakh tons in February 2011 in comparison to the corresponding quarter of the previous year.

At present, the market breadth indicating the overall health is positive with 1,626 stocks advancing, 852 share declining and 119 stocks are left unchanged. Further, the overall market breadth is positive as all the 13 sectoral indices are trading higher.

Gainers from the Sensex Pact till now are Jaiprakash Asso (2.86%), Reliance Infra (2.65%), Bharti Airtel (2.35%) and Bajaj Auto (2.16%).

The BSE TECK was at 3,647.42 up by 42.85 points or by (1.19%). The main gainers were Tech Mahindra (5.66%), Onmobile Global (3.34%), MTNL (3.19%) and HT Media (2.8%).

The BSE CD was at 5,728.92 up by 63.19 points or by (1.12%). The main gainers were Whirlpool (2.53%), Titan Inds (1.46%), VIP Inds (1.42%) and Bajaj Elect (0.97%).

The leading Asian bourses are trading positive as Hang Seng, Taiwan Weighted and Nikkei 225 are trading higher by 0.37%, 0.39% and 0.26% respectively. The Asian market opened with a mixed breadth but soon got a momentum to jump to the positive zone. 

However the gains are limited as Investors are lacking in confidence following the rising unrest in Middle East and the surging prices of the crude oil. The sentiments were further dampened after reports that Europe and China might tighten their monetary policies.

Brent Crude prices fell from Intra-day highs of $118 as reports suggested that Libyan leader was looking for an agreement allowing him to step down. Currently Nymex Crude is trading below $105 while the Brent Crude is trading below $115 per barrel.

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Sureshot Nifty (5539) : {Spot levels}

Support @ 5510 - 5475 - 5435 - 5400 - 5370 - 5345 - 5300

Resistance @ 5580 - 5610 - 5655 - 5690 - 5730

SBI (2705) : 2730 is nearest resistance, crosses and sustains above 2760 then expect stock to zoom to 2755 and 2785 where on higher levels 2800 and 2815 is solid hurdles. Down ward side 2685 is nearest support for the day, break below 2685 stock will turn weak and it will fall down to 2650 and then 2610 and 2585 levels.

NIFTY FUTURE

Nifty Future Closing : 5535
Watch carefully today's nifty magical figure... 5550
Buy Nifty Future above magical figure for upside
First target...   5573 and above it
Second target...    5610
and crosses over both it will come...    5640
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target...    5506
Second target... 5476
Third target... 5445

SENSEX

(Closing - 18486)
Today's Sensex magical figure... 18580
Above magical figure upside targets ,
First target ... 18600
Second target...18710
Third target ... 18820
Sensex Running Below Magical Figure,
First target ....   18400
Second Target ... 18314
Third target ...18220

BANK NIFTY FUTURE

(Closing - 10967)
Today's magical figure...11000
Buy it above magical figure upside
First target ... 11060
Second target ... 11158
Third target...    11217
Sell it if running below Magical figure for downside:
First target ...10850
Second target...10800
Third target ... 10732

TATA POWER FUTURE

(Closing - 1217)
Today's magical figure... 1230
Buy it above magical figure upside targets
First target ... 1248
Second target ... 1265
Third target ... 1278
Sell it running below Magical figure for downside:
First arget ... 1196
Second target ...1183
Third target ... 1168

TATA MOTOR FUTURE

(Closing - 1156)
Today's magical figure... 1150
Buy it above magical figure upside
First target ... 1166
Second target ... 1181
Third target ... 1198
Sell it running below Magical figure for downside:
First target ...1136
Second target ...1120
Third target ... 1096

AXIS BANK FUTURE

(Closing - 1326)
Today's magical figure... 1326
Buy it above magical figure upside
First target ... 1342
Second target ... 1358
Third target ... 1375
Sell it running below Magical figure for downside:
First target ...1311
Second target ...1296
Third target ... 1280

BSE index: (17823) 17700 a nearest support break below which it'll fall down to 17573-17500 initially which is a most crucial support. Break below 17500 heavy fresh selling will drag it down to 17361-17341 & thereafter to 17141.

Upward side 18008-18076 a nearest & 18297 a solid resistance, selling on higher levels will be seen.

Intraday Nifty March Future: (5342) 5310 a nearest support break below which it'll fall down to 5265-5243 initially which is a most crucial support to watch out for. Break below 5243 it'll heavily crash down to 5193-5179 & 5121.

Upward side 5405 & 5440 solid resistances where selling will be seen, keep stop loss of 5499 to your shorts.   

TATA MOTORS: (1082) 1090 & 1125 solid resistances up to which selling on higher levels will be seen, keep stop loss of 1142 to your shorts. Downward side break below 1055 it'll fall down to 1035 initially. Break below 1035 it'll crash down to 1011 & 985.

RCOM: (86) Break below 85 it'll crash down to 81.50 & 76. Sell on higher levels considering 88.50-90 a solid resistance keeping stop loss of 93.

REL INFRA: (605) 617 & 637 solid resistance up to which selling on higher levels will be seen, keep stop loss of 654 to your shorts. Downward side it'll fall down to 586-578 initially. Break below 578 it'll crash down to 554.

RIL: (965) Break below 954 it'll crash down to 926 & 909. Upward side 984 & 994 solid resistances.

ICICI Bank: (971) Break below 962 it'll fall down to 943-935 initially. Break below 935 it'll crash down to 919 & 903-892. Upward side 984-989 solid resistances, keep stop loss of 1005 to your shorts.

EDUCOMP: (465) Sell considering 483-491 a solid resistance keeping stop loss of 504. Downward side it'll fall down to 461 & 449 initially. Break below 449 it'll crash down to 419.

INFOSYS: (3011) Break below 2973 it'll crash down to 2889 & 2831. Upward side 3075-3088 solid resistance where selling will be seen, keep stop loss of 3135 to your shorts.

DIVIS: (590) Break below 584 it'll crash down to 566 & 535. Sell on higher levels considering 602 a solid resistance keeping stop loss of 610.

TATA CHEM: (323) Sell considering 326 a solid resistance keeping stop loss of 331. Downward side break below 315 it'll crash down to 301 & 292.