INTRADAY NIFTY: Last week it was made a high 5132 but due to global weakness major weakness were saw resulted it was made a low 4796 and finally made a close at 4845 with a close of more 300 points. As this week is a FO expiry so high volatility in the market continues.

Today: As expected Nifty hold 4850, sharp move during market resulted in a high 4965. Now today consider support 4901-4890, crossover and hold 4950 more up side and may test 5000-5015 in near term. Today Magic No. 4970, real strength show only above that level.

NIFTY STOCK FUTURE

Nifty Future Closing : 4947

Watch carefully today's nifty magical figure... 4955
Buy Nifty Future above magical figure for upside
First target... 4980 and above it
Second target... 5020
and crosses over both it will come... 5050
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target... 4920
Second target... 4886
Third target... 4865

BANK NIFTY FUTURE

(Closing - 9480)
Today's magical figure...9501

Buy it above magical figure upside
First target ... 9600
Second target ... 9670
Third target... 9750

Sell it if running below Magical figure for downside:
First target ...9410
Second target...9350
Third target ... 9280

SBI FUTURE

(Closing - 2067)

Today's magical figure... 2081
Buy it above magical figure upside targets
First target ... 2105
Second target ... 2130
Third target ... 2155
Sell it running below Magical figure for downside:
First arget ... 2033
Second target ...2002
Third target ... 1987...

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Intraday Nifty Future : Last week strong volatility was seen resulted it was made a high 5204 and finally made a low 5053 and closed at 5072, which indicate trend is bearish. We continue to remain bullish on the Domestic Auto, FMCG healthcare space. The price correction is over to the extent of 80% generally in the market but time correction is still to go. The chances of a pause on the monetary front has increased substantially given the global problem, though, RBI still has inflation as its focus at the moment. 

Food inflation again proved to be a dampener. IIP came in at higher than expected on account of skewers in the capital goods data otherwise slow down is quite apparent. Markets are behaving on sentiments. That domestic institutions have shown good support during the panic times makes us believe that investors can start nibbling from here.

Short-term trend is continue down ward bias as trading below 50-200 DMA and lower level target 5000-4950-4885 -4865 in near term. On the higher side or any recovery it will face resistance 5200-5250 range. Traders are initiate fresh long positions only if the index closes above 5250 for target 5325-5410-5500. 

Today: At the end of the week Intraday Nifty open positively and it take the 5100 support level in the morning but after breaking the support level it comes in weak side and at the end it almost touch the 5000 level and close negatively. Actual movement we can see above 5205-5230 above, which is not able to cross. Now today consider resistance 5084-5116-5143 successfully crossover only some up side, down side support is 4946-4900. 

NIFTY STOCK FUTURE

Nifty Future Closing : 5027

Watch carefully today's nifty magical figure... 5030
Buy Nifty Future above magical figure for upside
First target...   5056 and above it
Second target...    5083
and crosses over both it will come...    5111
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target...    4989
Second target... 4950
Third target... 4915

SENSEX

(Closing -16730)
Today's Sensex magical figure... 16740
Above magical figure upside targets ,
First target ... 16817
Second target...16900
Third target ... 16983
Sensex Running Below Magical Figure,
First target ....   16616
Second Target ... 16500
Third target ...16392

BANK NIFTY FUTURE

(Closing - 10055)
Today's magical figure...10080

Buy it above magical figure upside
First target ... 10186
Second target ... 10251
Third target...    10315

Sell it if running below Magical figure for downside:
First target ...10000
Second target...9940
Third target ... 9880

TATA POWER FUTURE

(Closing - 1083)

Today's magical figure... 1086
Buy it above magical figure upside targets
First target ... 1103
Second target ... 1120
Third target ... 1135
Sell it running below Magical figure for downside:
First arget ... 1072
Second target ...1057
Third target ... 1042

TCS FUTURE

(Closing - 971)
Today's magical figure... 976
Buy it above magical figure upside targets
First target ... 992
Second target ... 1007

Third target ... 1020
Sell it running below Magical figure for downside:
First arget ... 955
Second target ...942
Third target ... 928

Today: Yesterday market open with down side gap nearly 140 points but it was take a support and U turn during the market and finally made a high 5204 but unable to hold and started down ward journey and finally closed at 5133. Now today consider support 5100, 5048 hold this level up move continue, higher level resistance 5150 and crossover it will test 5197. Today Magic No. 5130. Ultimate tgarget of this week likely 4900.

BSE : Last week stampede in the world market and almost all market closed week to week in red note and investors rushed to cutting their position. FIIs are continue are net sellers in the market and pull out money from the India. Last as finally broken major support level 18000 and made a low 16990 but managed to close at 17305. In near term we ma consider stiff resistance range 17700-18100 and strong reversal only above that level, down side continue trade more 17000 easily wipe out another 800-1000 points. Weekly Magic No. 17580.

Today: Strong volatility was seen and after made a low 16759 it was closed near to 17000 level. Now today consider resistance 17000 and fresh up move only above that level, down side support exit 16760. Magic No. 16759.

BANK NIFTY STOCK :  Overall trend is extremely bearish once RBI hike rate as well as global and broken major support level 11000. Last it was made a low 10155 and almost wiped out nearly 900 points of week-to-week basis. Overall trend is bearish and index having formed a bearish candle in weekly chart and likely to trade with further weakness towards 10000 mark. 

On the higher side 10500-10523 is a stiff resistance in near term and rise to selling opportunity. Further decisively break 10000 with volume free fall in Bank Nifty and major weakness likely which will test Feb. 2010 low i.e. 8150 likely. Trend Decider 10523.

Today: Some positive movement was seen on yesterday trading. Now consider resistance 10500-10525 successfully crossover only it will show strength, down side support exit 10000. Today Magic No.10064.

NIFTY FUTURE: Trend is very bearish............today resistance 5150-5180

Down side break 5100 with volume immediate target 5053-5000, 4910 thereafter strong recover in the market.

Intraday Nifty August Futures: (5488) Consider for this week...5452 a nearest support break below which it'll fall down to 5409 & 5395-5380 initially which is a crucial support to watch out for. A close below 5380 it'll fall down further to 5367, 5342 & 5334-5322. In worst scenario a close below 5322 it'll crash down to 5265-5244.

Upward side 5533 a nearest resistance crossover above which it'll surge up to 5566 & 5600-5622 in a disguised manner, sell on every rise keeping stop loss of 5663.

Bank Nifty Stock AUG Future: (10911) 10980 a nearest resistance crossover above which it'll surge up to 11035-11090 & 11210 in a disguised manner, sell on every rise keeping stop loss of 11350. Downward side 10871 & 10763 crucial supports to watch out for. A close below 10763 it'll heavily fall down to 10653-10605, 10546 & 10455-10412.