Sureshot Calls
In this week consider trend decider 5293 - above it will test 5230-5350-5372 thereafter again supply likely. Lower side down side support exit 5110, thereafter free fall mode up to 5000 and once close below more panic in the market up to 4785.
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.
If open with 200 points down side gap do not try to short sell...And close watch.
