Intraday Sure Shot Calls
BSE : After strong move in the last week, Friday some profit booking were saw resulted sensex ending the week mere 90 points higher. According to the data released by BSE, FIIs have net purchased Rs. 3500 crores worth of share last week alone. First quarter earning already started by HDFC and delivered a good result.
On a technical front - oscillators in the daily chart are showing overbought zone reversed lower on Friday. Weekly oscillators are pointing higher but are still in neutral zone. 200 DMA- 19140 are still a resistance zone and we have saw reversal from (19131) and surpass the hurdle will test 20000 mark easily. On the lower side support is 18450-18220-18000 range. Trading range of this week 18000 to 19140 watch out.
TODAY: BSE SENSEX open flat too positively and it was showing range bound situation in the market and close negatively. Now the consider support in Nifty 18694-18500 and resistance 18862-18938-19031. Today Magic No. 19150.
BANK NIFTY:
Last week after strong pull back from the level of 11100 made a high 11490 and profit booking was seen in the market. We may consider strong resistance at 11450-11500 in near term and rise to selling opportunity. Down side support 11200-111000 watch out in near term.
Today: Yesterday Bank Nifty opens negatively and after it showing downside situation and close negatively. It can't able to cross-previous day closing. Now the consider support in Bank Nifty 11239-11155 and resistance 11401. Magic No. 11280.
CNX IT: CNX IT opens positively and it was showing range bound situation and close flat too positively. Because of flat closing there were no changes in support resistance. Now the support 6600-6541 and Resistance 6750-6700 level watch out.
NIFTY STOCK FUTURE: Closed at 5664.
Today consider support 5655 - decisively break and below first sign of correction and lower level it will test..?...
On the higher side resistance 5710-5715 and it will show strength only above that level.
LIC HOUSING
Below 230 bear favour - BUT
Some support likely 205-210 range and at that level
Short term bounce back likely .
RANBAXY
Looks good -
And strong move on Friday
Now today watch 542 level......
RELIANCE
Today weakness only if break 855 and sustained with volume
Otherwise it will test 870-875 whereas the again shorting
Opportunity.
HDFC BANK
Today close watch 2555
And weakness only below - otherwise test 2590.
TATA STEEL
Lower level support 590
Hold this level - again it will test 609.
WIPRO
Very - Very hot ..
Decline to buy......Our Target....?
ORCHID LTD
We are bullish below 290-
Sell on rise strategy.
RELIANCE CAPITAL
Any long should be protected
With stop loss 590...
AUR PHARMA
Break down support level
Time to sell side....with stop loss....?
