Sensex has rebounded from technical support of 19300 and closed well above the intraday low. I have already suggested for the technical support of 19300 for the past session. Now we are just one trading session away from derivative expiry of this month of trade. Technically we should see a move towards 19800 marks.

I am still suggesting to buy the stronger stocks. As long as trades sustain above 19500 we must have good chance of moving higher. Banking and auto stocks should be in demand for today's trade. Volatility is expected but that may not favour bears this time. Be cautious. Trade less but trade perfect.

Nifty Sure Shot has moved higher from the technical levels near 5800. This level was mentioned in my previous article for a suggested rebound. Well, now for today's session support will be at 5830. I am expecting a test towards 5912 and then 5945. 

As last week in this clumn mentioned that 200 DMA - 5700-5716 are a strong support and likely U turn and it was did it and finallhy made a high 5897, almost 200 points gained from the lower level. In this week we may consider strong support 5810 and 5695, on the higher side resistance 5900-5950..crossover with volume can trigger short covering and fresh buying resulted it will test 6100-6150. Your stop loss for long 5700. FIIS are continue in buying mode.

TODAY : Yesterday Intraday Nifty Sure Shot open flat to positively and showing negativity in 1^st half and at 2^nd half we can see the recovery in the market and close flat too negatively. Because of flat closing there were no changes in support resistance. Now the support and resistance for the intraday support is 5805-5777 and resistance is 5900.

Today support 995-1000 buying opportunity

Higher level resistance is 1015....

Remain below it will test 970 likely.

We are bullish above 210.....

Decline to buy....

Above 223 hot...

Big move expected....

Consider Support 190...

Last and final resistance 214

Down side support 400

Ready to move......LR.....?

Finally crossover 152 with volume

Decline to buy for target 160 mark.

Above 480 - VERY VERY HOT ...

Today support 469-465

Hold 475 - big move likely 

Watch support 450

On today trading....

Resistance 472......

Buy and sell break out this range.

Very hot counter.....

Decline to buy and hold

Support 100 range.....

Time to short sell...

With tight stop loss....

Intraday Nifty Stock has closed just below 5900 levels. We may see some nervous opening in morning hours but it may not go for further weakness. Technically 5830 and 5800 will be god support for rebound. Do not short stocks are lower side. 

I had given a buy on this stock on the last trading session too. It has gained more than 2.50%. Well, now keep an eye on 2890 levels. Cross-above 2890 will result some good gain. In will have good trading support at 2824-2810 levels. Buy in fall. 

Before saying anything I must inform that we have advised our traders to pick this stock for short term on last trading session itself. It has posted an excellent result and now I am expecting a move up to 170. Use suitable levels to buy for the given target. 

It has a narrow trading session in the past whole week but manages to stay above 605 support levels. It has next threshold levels at 642. It gives me a sense that cross above 642 will trigger a strong buy on it. I will try to pick this stock in the lower side and keep the stop loss just at 622.

Sensex has closed above 19500 marks. Well, Reliance came with its Q-4 result in after market hours. Market may not take it very happily; we may see some initial fall, which might try to pull the market down in initial hour. 

I am still not considering the market trend to be corrective for down side. Sense may go below 19500 but it will not slip to go near 19300 levels. We may see some gap down but recovery will come from lower levels. On the higher side we have a bright chance for crossing 19810 marks. 

Cross-above 19810 will give us a trigger for 20000 marks. We should keep a close eye on banking and metal stocks, which may gain strength. We should initiate buy only if Sensex stand above 19500 levels. Even if it open down then also wait for Sensex to come above 19500.

After the sharp move, last trading days some selling pressure was saw due to bad resulted by Infosys and resulted Nifty was slipped below5850. We may consider in medium term support 5750-5700 range and resistance 5950.. Successfully crossover will test 6100-6250, whereas the break and close below invite correction in the market and easily test 5550 mark. In this week consider resistance 5922-5960-6000, down side support 5716-5650-5600-5680. Break out of trading range will determine the further action.

TODAY: Yesterday Bse Sensex was open flat to positive and it was showing very volatile session in the market and give the movement on both side with strength. But on 2^nd half it was in correction mode and close negatively. For today intraday trading support is 18964-18900 and resistance is 19179-19386.

TODAY: Bank Nifty opens flat too positively and it was showing very volatile session in the market and comes in corrective mode. Now the important level to watch out for intra working resistance 11675-11741 and support is 11401-11268. Below 11500 over all selling in the market.

Today support : 5690-5705 range closely watch out and decisively break and stay with volume over all selling in the market.. .....below big down side open and may test 5500 mark in few sessions. 

BSE index: (19091) 19254 & 19337 nearest & 19468 a solid resistance up to which selling on higher levels to continue, keep stop loss of 19468 to your shorts.

Downward side it'll fall down further to 19039, 18973 & 18879-18801 initially, consider 18801 a crucial support from where up surges not ruled out. In any worst scenario break below 18801 it'll heavily crash down to 18748, 18701 & thereafter to 18308.

Nifty April Future: (5736) 5792 & 5820 nearest & 5860 a solid resistance up to which selling on higher levels to continue, keep stop loss of 5870 to your shorts.

Downward side 5717 a nearest support break below which it'll fall down to 5686 & 5664-5653 initially, consider 5664-5653 a most crucial support where buying support will be seen.
In any worst scenario break below 5653 it'll crash down to 5623 & 5565.

TATA MOTORS: (1208) 1222 & 1230 nearest & 1244 a solid resistance up to which selling on higher levels to continue, keep stop loss of 1256 to your shorts. Expect 1190 & 1168.

AXIS Bank: (1395) Sell considering 1420-1425 a solid resistance keeping stop loss of 1442. Expect 1378, 1359-1353 & 1341.

INDUSIND Bank: (275) Sell considering 282 a solid resistance keeping stop loss of 287. Expect 261.

REL CAP: (592) Sell considering 602 & 607 solid resistances keeping stop loss of 617. Expect 584, 577 & 564.

ABG SHIP: (383) Sell considering 383 & 392 solid resistances keeping stop loss of 397. Expect 372 & 367.

TCS: (1150) 1168 & 1179 solid resistances. Expect 1136 & 1109.

REL INFRA: (674) Sell considering 683-687 & 697 solid resistance keeping stop loss of 710. Expect 654.

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ITC: Long positions can be assumed in the stock above 185 levels for targets of 188 and 190 levels with a stop loss placed at 182 (Spot) levels.

Jindal Steel: Short positions can be assumed in the stock at 683-685 levels for targets of 655 and 650 levels with a stop loss placed at 700 (Spot) levels.

Bharti 380 CE: Short positions can be assumed in the option at higher levels of Rs4.5-5 with a stop loss at 380 (spot) for targets of Rs0-0.5.

ITC 190 CE: Long positions can be assumed in the option at Rs2.25-2.5 with a stop loss at 182 (spot) for targets of Rs6-7.

 WORLD MARKET COMMENTARY

Yesterday all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in red. Dow was down by 0.24% and closed at 12380; S&P 500 down by 0.40% at 1328. European indices ended positive with FTSE up by 0.81%, DAX was up by 0.53% & CAC 40 was up by 0.83%. 

Today major stock markets trading in Asia aremixed. Shanghai Composite is up by 0.50% at 3045, Hang Seng is up by 0.12% at 24425. Japan’s Nikkei is down by 0.33% at 9736 and Singapore’s Straits Times is down by 0.37% at 3175.

FII’s are net seller in (F&O segment) last session by INR 116.28 crores. 

Nifty Apr Futures closed at a premium of 12.90 points. 

Maximum Call for Apr month stands at the levels of 6000. 

Maximum Put for Apr month stands at the levels of 5700. 

Nifty closed down by 0.74% and open interest shed by 4.83%. 

INTRADAY NIFTY FUTURE

Nifty Future Closing : 5938
Watch carefully today's nifty magical figure... 5950
Buy Nifty Future above magical figure for upside
First target...   5870 and above it
Second target...    6005
and crosses over both it will come...    6040
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target...    5891
Second target... 5845
Third target... 5798

SENSEX

(Closing - 19696)
Today's Sensex magical figure... 19738
Above magical figure upside targets ,
First target ... 19796
Second target...19896
Third target ... 20000
Sensex Running Below Magical Figure,
First target ....   19555
Second Target ... 19420
Third target ...19290

BANK NIFTY FUTURE

(Closing - 11903)
Today's magical figure...11925
Buy it above magical figure upside
First target ... 11976
Second target ... 12050
Third target...    12110
Sell it if running below Magical figure for downside:
First target ...11855
Second target...11810
Third target ... 11717

RELIANCE FUTURE

(Closing - 1027)
Today's magical figure... 1031
Buy it above magical figure upside targets
First target ... 1044
Second target ... 1060
Third target ... 1071
Sell it running below Magical figure for downside:
First arget ... 1014
Second target ...1003
Third target ... 993

ABAN FUTURE

(Closing - 694)
Today's magical figure... 698
Buy it above magical figure upside
First target ... 706
Second target ... 721
Third target ... 730
Sell it running below Magical figure for downside:
First target ...681
Second target ...670
Third target ... 660

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BSE INDEX

Last week as mentioned this column that Index will face resistance 19650-19850 and finally unable to hold and started down ward journey. As per the chart, market are over bought zone but on weekly and monthly chart still showing up trend. 

In this week, we may consider support is 19350 and 19000 and strong close below will pressure in the market, on the higher side, Index will continue face resistance 19840 and decisively crossover and stay with volume and closed above will test 20200-20651, thereafter heading towards new high. 

CNX BANK INTRADAY NIFTY

As the last week it was trading range between 11500 to 11900 which indicate on weakness to buy and sell on strategy to be followed. Now in this week, again a support range 11500-11550, break and close below will drift down again and may test 11000 which is a strong support of this bull market, on the higher side, resistance 11900-12100, crossover will resume up trend and may test 12500-13000. Over all trend is very bullish and likely outperform in coming month. 

Nifty Future

Closed: 5859

Now what to do.....

Today resistance 5881......crossover and sustained above, over all positive bias .......

Down side support 5831-5815 watch out... if break with volume it will test 57.................thereafter it will take support ...................whereas the strong support and start buying in lots....and 100 % U turn.....

ICICI BANK

Strong Resistance 1110-1115 and selling opportunity

For target............Close above .... Square up your all

Short position and play for long in your choice.

LIC HOUSING LTD

100% no buy below 235

Sell on rise strategy. 

CARAIN LTD

Some more down side....

But dip/panic to buying strategy

Major Support 340-345 watch closely 

TISCO

Major resistance 635-640

Yesterday we gone Short and our STBT

Now play for 610 mark.....

RELIANCE IND

We are in selling mode below 1050

And stop loss 1066......

See what happened.....

Last and final support exit 1015... then see the Screen

Our paid clients bought put option 1000

When price are trading at 1050. 

INFOSYS

Before the result.....

Trading range of this week

3200----3300 watch out...

SBI

Strong resistance 2795-2810 range

As remain sell on rise strategy...

Fresh and solid move only above 2865....

LT

Near to strong resistance.....1690-1700

Sugar Stock

Negative Divergence on Chart,

but more confirmation awaited.......

Time to sell....

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Support @ 5805 - 5775 - 5750 - 5710 - 5675 - 5645

Resistance @ 5875 - 5910 - 5955 - 5985 - 6025

SBI (2720) : 2700 is nearest support for the stock, break below 2700 stock may fall down to 2650 which is strong support, breaks and sustains below 2650 then expect stock to fall down further to 2625 and 2605 where on lower levels 2590 are rock solid support. Upward side 2750 is nearest and 2785 is the resistance for the day. Crosses and sustains above 2785 then expect stock to zoom to 2830 and 2855.

Orchid (317) : 324 is the nearest resistance for the day, crosses and sustains above it then expect stock to zoom to 331 which is solid hurdle on higher levels, crosses and sustains above it then expect stock to spurt up further to 345 which is rock solid and major hurdle on higher levels. Down ward side 310 is nearest and 303 is strong support for the day.

Tatamotors (1242) : 1220 is nearest and 1200 are solid supports for the day. Crosses and sustains above 1264 then stock can zoom up further to 1285-13000 which is solid hurdle on higher levels. For buys keep sl of 1190 and for short positions keep sl of 1265

Tatasteel (626) : 620 is nearest and 614 is the support for the day. Upward side expect stock to zoom further to 636 which is strong resistance for the day.

Jswsteel (950) : Upward side 972 is nearest and strong resistance for the day. How ever crosses and sustains above 972 and then expect stock to zoom up further to 990 and 1007. Down ward side 935 is nearest and 920 is strong support for the day.

Aban (643) : Down ward side 630 is nearest and 615 is the support for the day, on declines buy keeping sl of 600. Upward side expect 665 and 680.

Hindoil (223) : Down ward side 216 is nearest and 210 is strong support for the day. Upward side 233 and 240 are expected in short span of time.