PUNJAB NATIONAL BANK (C-603.35): DAILY CHART LOOKING STRONG: BUY AROUND 587 TARGET1-631, SUPPORT1-559-SUPPORT2-514 NIFTY FUTURES (F & O):
UNWINDING UP TO 5136 LEVEL WILL BE HEALTHY.
HURDLES AT 5191 & 5204 LEVELS. "THE BIGGEST GURU-MANTRA IS:
NEVER SHARE YOUR SECRETS WITH ANYBODY. !
IT WILL DESTROY YOU."
SHORT RALLIES UP TO 5275-5277 ZONE CAN BE USED TO EXIT.
SELLING WILL RESUME, IF TOUCHES 5345-5347 ZONE ON UPPER SIDE. DO NOT
SHORT IF START TRADES AT ABOVE 5369-5371 ZONE.
ON NEGATIVE SIDE, SUPPORT ZONE OF 5064-5066 ZONE SHOULD
NOT BE ALLOWED TO BREAK AT ANY COST.
HINDALCO BUY AROUND 205 ,SL-201.50 ,TARGET-209-212 PREMARKET INTRADAY , LANCOINFRA SELL BELOW 469 TARGET-465-460-450 ,,SL-- 476 PREMARKE
SHORT-TERM INVESTORS:
SHORT-TERM UPWARD TARGET AT 5440-5442 ZONE.
SHORT-TERM SUPPORT AT 4993-4995 ZONE
NIFTY BREAK 5100- BSE BREAK 17258 - WEAKNESS IN THE MARKET ACCELERATED .....
ABOVE 5300 BULL FAVOUR ONLY... HIGHER LEVEL STRONG HURDLE 5368....
BSE MAJOR HURDLE 18250-18500
BSE MAJOR SUPPORT 17250-17200
BREAK AND TRADE BELOW SEVERE PANIC ON THE CARD
NIFTY FUTURE :
TODAY SUPPORT ON PANIC 5052, 5000.
M&M , TVS MOTOR, DR REDDY, WIPRO : PANIC LOOKS GOOD AND CATCH, SELL ON RALLY.
BSE SENSEX (C-17578.72) RESISTANCE 17820 18060
BSE SENSEX SUPPORT 17535 17300 17255-WEAK 17015
NIFTY FUTURE (C-5181.10) RESISTANCE 5265 5350
NIFTY FUTURE SUPPORT 5155 5075 4965
HOT DELIVERIES BUY CALLS
RANBAXY LABS(C-445.75): WEEKLY CHART LOOKING STRONG: BUY AROUND 438 TARGET1-466, SUPPORT1-417-SUPPORT2-389
MARUTI UDYOG (C-868.2): DAILY CHART LOOKING STRONG: BUY AROUND 856 TARGET1-887, SUPPORT1-837-SUPPORT2-806
GODREJ IND......BSE CODE : 500164 (292.00)
BUY AROUND 283 TO 285 WITH SL OF 270 FOR A TARGET OF 3 TO 5% JUMP IN TODAY'S TRADE.
INDIABULLS REALESTATE : TARGET 750+ MARKETS CONTINUED TO MOVE IN A RANGED MANNER MOVING BETWEEN 5370 – 5050 { NIFTY FUTURES } LEVELS SINCE THE PAST 5-6 WEEKS WITH NO CLEAR DIRECTION. GLOBAL MARKETS CONTINUE TO ACT AS MAJOR DRIVING FORCE FOR THE MARKETS. BUDGETARY ANNOUNCEMENTS TOO HAVE BEEN BENEFICIARY TO THE COMMON MAN WITH ONLY THE MANUFACTURING SECTOR GETTING SOMETHING TO CHEER. VOLUMES DID PICK UP LAST WEEK BUT WITH THE CHANGE IN CAPITAL GAINS & STT, VOLUMES COULD TAKE A DIP IN COMING DAYS. MAJOR SUPPORT FOR THE MARKETS EXISTS AT 5040-5050 {NIFTY FUTURES}, A MOVE BELOW WHICH COULD SEE FRESH DOWNSIDES TO GAP AT 4960 LEVELS. ON THE HIGHER SIDE A CLOSE OR MOVE ABOVE 5200 COULD TAKE THE MARKETS HIGHER ONCE AGAIN TO 5340-5350 MARKET OPEN NEGATIVE......GAP POINT 200 TO 425 POINTS..