The benchmark nifty stated to positive opening last day. Yesterday Nifty was showing correction situation continue and also inflation effect. Nifty made a high of 6116.15 levels. And at the end Nifty close negatively with the level of 6048.25 with the loss of (-0.52%) -31.55. In that Nifty index if we see stock specific SUNPHARMA was the gainer followed by TCS. While the looser were AMBUJACEM and ACC. Overall breadth end advance decline ratio is poor 17/33. The next important level to watch out for tomorrow intraday trading the Nifty support level would be 6008-5968, while the resistance level would be 6102-6156.
The benchmark BSE SENSEX-30 index started positive opening on last day. And it made a high of 20425.85. Yesterday Bse index was showing some correction situation. At the end Bse index close negatively at the level of 20184.74 with the loss of (-0.57%) -116.36pts. From the sectoral front IT was the gainer followed by the TECk, while the looser was REALTY and CG. Overall breadth of the SENSEX-30 index advance decline ratio is quite poor 11/19. The next important level to watch out for tomorrow intraday trading in BSE support would be 20053-19921, while the resistance would be 20371-20558.
The Bank Nifty started positive opening on last day. Bank Nifty made a high of 11377.10. Yesterday Bank Nifty was showing correction rally 3rd day. At the end BANK NIFTY was closed negative at 11186.80 level with the loss of (-1.05%) -118.65. In the banking sectoral front BANKINDIA was the gainer followed by HDFCBANK. While the looser were only SBIN and BANKBARODA. And at the end breadth of the Bank Nifty's overall advance decline ratio is quite poor 3/9. For the intraday trading support would be at 11109-11031, while the resistance would be 11321-11455.
RELIANCE
Finally closed above 1075 ... buying opportunity..... Crossover 1090 and stay will volume target 1100-1120.. Likely outperform in 2011.
ROLTA
Time to exit long and play for short sell.... Your stop loss........lower level target....
ABB
Negative divergence on chart....... Once break and trade below.........? More down side..... Higher level resistance.. and your stop loss.......?
BGR ENERGY
Below 700 weakness continue......today resistance 685..........
EKC
Yesterday trading pattern indicate again selling pressure.. Keep a stop loss...........and play for short sell........down side easily it will come down, thereafter free fall on the card.
CORE PROJECT
High volatile counter... but near to strong support...........as hold this level no problem and up move continue..
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