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.
We may consider resistance/ pull back 4925-4950-5050 again a fresh selling pressure down side support is 4800, decisively break more downside up to 4730-4692-4538. As per Fibonacci projection it hold support level 4800, little bounce back, if unable to hold, down side target 4300 or below in coming days. Close above 5250 think to medium recovery.
Today: Intraday Nifty opens flat too negatively it was showing very volatile situation in the market and closes with recovery and positively. Now today consider resistance -4925-5010 successfully crossover only some up side, down side support is 4800 decisively break immediate target 4750-4730. Technically it is in channel line formation below 4781 can see more down side. Today Magic No. 4914.
BSE : Today: BSE SENSEX open positively and showing volatile situation with short covering in the market and effects close positively. Now we may consider resistance 16432-16683 and fresh move only above that level, down side support exit 16045-15987-15789 and stay with volume more downside. Today Magic No. 16386.
BANK NIFTY: Overall trend is extremely bearish but in over sold region and some bounce back cannot be ruled out. Last we were bearish below 10300 and finally it has made a low 9300. Now in this week consider resistance 9650-9700, decisively crossover it will some strength due to short covering and may test 9850-9990. Down side support 9300, thereafter weakness continues. Try to exit on rise. Two close below 9300 target 8410. Corrective rally will face resistance 10000.
Today: Bank Nifty Stock open positively and it showing volatile session in that market and close flat too positively. Because of flat closing there were no changes in support resistance. Now today consider support range 9234- break below only further weakness, higher level crossover 9480 immediate target 9600, thereafter it could be test up to 9900. Today magic no. 9490. And Crucial No. 9682
NIFTY STOCK FUTURE: Today: Strong reversal from the lower level and managed to hold double bottom nearly 4800- and bounce back were saw...and finally closed at 4914.
On a technical front short-term bottom established and some more recovery on the card. As long as today hold 4880, bull move intact, but once decisively break with volume and stay 10 minutes and above, non stop target 4801...
On the higher side resistance 4931 watch out...and decide your trading strategy.
TATA MOTORS
Time being consider support 700-
Today crossover 745 and stay non-stop target
754-785 expected.
EDUCOM COMPUTER
From 400 to 208
So current level...no need to panic 100%
Any time sharp move..
BAJAJ AUTO
Triple bottom formation at 1400
Mark...Today buying around..
HDFC BANK
Will it today - break their support level
If so...time to sell...
But resistance continue.........465.
SBI
Consider short-term support yesterday low
2000 - fresh wave of selling below only
Higher-level resistance 2105 watch out.
ONGC
Positive bias for the last three trading sessions
But it must...cross...?
Thereafter power full move.
Rel Capital + Rel Infra
Both looks good - but keep a tight
Stop loss of any...
HINDALCO
Above 140 no problem for bulls.
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