Alert Messages

“29/03/2010 08:53:23NEW LISTING IN BSE:

DQ Entertainment (Intl ) Ltd.,on Monday:29.03.2010″

“29/03/2010 08:53:23NEW LISTING IN BSE:

DQ Entertainment (Intl ) Ltd.,on Monday:29.03.2010”

“29/03/2010 08:53:48NEW LISTING IN BSE:

DQ Entertainment (Intl ) Ltd.,on Monday:29.03.2010”

“29/03/2010 08:55:49NEW LISTING IN BSE:

DQ Entertainment (Intl ) Ltd.,on Monday:29.03.2010”

“29/03/2010 08:59:16Global Indices: DOW:10850.36(+9.15); Nasdaq:2395.13(-2.28); HangSeng:21201.88(+148.77),

Nikkei:10939.13(-57.24),SGXNifty:5285(-7)..Karvy F&O Desk Hyd.

“29/03/2010 08:59:41BSE EQUITIES MARKET OPENED ”

“29/03/2010 08:59:41BSE EQUITIES MARKET OPENED ”

“29/03/2010 08:59:46The Normal market has opened.”

“29/03/2010 08:59:46The Normal market has opened.”

“29/03/2010 08:59:46Options Exercise is now open for contracts in Normal market for 29 MAR 2010.”

“29/03/2010 08:59:46Options Exercise is now open for contracts in Normal market for 29 MAR 2010.”

“29/03/2010 08:59:46MV1: Traders are advised to trade long in Nifty above 5310 for tgts of 5350 with SL placed at 5290. Alternatively, trade short if Nifty fails to surpass 5310 targeting lower supports.

MV2:Key supports: 5290/5250

Key resistances: 5310/5350

Positive Sector: BFSI

Stocks in Ban: Nil..Karvy F&O Desk Hyd.”

“29/03/2010 09:04:15Buy VIDEOIND: Cmp: 235.40; SL: 231; Tgts: 242-245; TF: 4-5 days”

“29/03/2010 09:04:54Buy SOUTHBANK: CMp: 167.20; SL: 163; Tgts: 175-177; TF: 7-10 days”

“29/03/2010 09:07:58RAYMOND: Call intd @ 244.70 on 26/03. Cmp: 254 !!!”

“29/03/2010 09:12:57Buy SPARC: Cmp: 98.30; SL: 94.75; Tgts: 103-106; TF: 5-7 days”

“29/03/2010 09:13:45Buy DQE (BSE-533176) Cmp: 124.70; SL: 119; Tgts 133-135; TF: 2-3 days”

“29/03/2010 09:15:44Buy CCCL: Cmp: 80; SL: 78; Tgts: 85-87; TF : 7-10 days”

“29/03/2010 09:19:41Buy HANUNG: Cmp: 219.35; SL: 215; Tgts: 226-229; TF: 5-6 days”

“29/03/2010 09:19:41Buy HANUNG: Cmp: 219.35; SL: 215; Tgts: 226-229; TF: 5-6 days”

“29/03/2010 09:22:26Buy JETAIRWAYS: Cmp: 465; SL: 460; Tgts: 475-477 Intraday”

“29/03/2010 09:24:24SOUTHBANK: Call intd @ 167.20 today. Cmp: 172 !!”

“29/03/2010 09:26:21Buy JINDALSWHL: Cmp: 1846; SL: 1836; Tgts: 1880-1890; TF: 2-3 days”

“29/03/2010 09:27:32Buy MHRIL: 558; SL: 551; Tgts: 573-576; TF: 1-2 days”

“29/03/2010 09:28:12Buy INDUSINDBK: Cmp: 184; SL: 179.50; 191-193; TF: 5-7 days”

“29/03/2010 09:33:26MHRIL: Call intd @ 558 today. Cmp: 571 !!!”

“29/03/2010 09:37:41Buy UFLEX: Cmp: 93.80; SL: 91; Tgts: 98-100; TF: 5-7 days”

“29/03/2010 09:49:01DQE (BSE-533176) Call intd @ 124.70 today. 118.70. trigger stop loss”

“29/03/2010 09:49:33RANBAXY: BTST Call given @ 473.50 on 26/03: CMP: 483 !!! Book full profits”

“29/03/2010 09:54:00Buy BGRENERGY: Cmp: 512 SL: 507 Tgts: 521-523; TF: 3-5 days”

“29/03/2010 09:55:55Rpower Liquid FUt: Buy Rpower Apr fut @151-152 SL: 148 Tgt- 161-162 TF- 2-3 Days.. KarvY F&O Desk”

“29/03/2010 09:57:10BTST: RANBAXY: Cmp: 484.15; SL: 479; Tgts: 492-495”

“29/03/2010 09:58:05NELCO: Cmp: 144.10. Accumulate for Tgts: 153-155”

“29/03/2010 10:05:43NELCO: BTST call given @ 144 on 26/03. Cmp: 148 !! ”

“29/03/2010 10:10:28Buy STAR: Cmp: 344; SL: 339.50; Tgts: 353-356; TF: 4-6 days”

“29/03/2010 10:14:54Buy CAMSONBIO ( BSE-590076) Cmp: 168; SL: 163; Tgts: 177-180; TF: 5-7 days”

“29/03/2010 10:21:47

Intraday Fut: Sell TCS Apr fut @ 823-824 SL: 826 TF- Intraday… Karvy F&O Desk”

“29/03/2010 10:38:29Currency update> rupee trades at 45.1135, strong by 0.28% or 12 paisa as the dollar index trades at 81.547, low by 0.08%. Sensex is at 17,674 up by 0.18%. The 1-M onshore forward is at 13.88 paisa, while the offshore NDF trades at 7 paisa premium. Rupee expected to trade sideways to lower suggesting appreciation for the day as high stocks indicate capital flows.

“29/03/2010 10:39:15EURINR March futures update > the pair opened at 60.6025 and currently trades at 60.6175, low by 0.13%. The Euro is up by 0.15% against the Dollar to 1.3429 levels, while rupee is also gaining against the dollar. Thus we see EURINR to trade slightly strong for the day

“29/03/2010 10:39:39GBPINR March futures update > the pair opened at 67.3200 and currently trades at 67.2550 low by 0.24%. The rupee is strong against dollar, while the Pound moves up against Dollar at 1.4914 levels, +0.11%, indicating pair to trade sideways to lower for the day

“29/03/2010 10:40:25India-?s rupee rose to its strongest level since September 2008 on speculation the nation-?s pace of economic growth is luring overseas funds to local equities. The currency advanced for a fourth day, the longest winning streak in three weeks, as data from the Securities & Exchange Board of India showed foreign investors bought more Indian shares than they sold for a 17th day through March 25, the longest stretch of net purchases since August”

“29/03/2010 10:52:31Intraday Stock Futures: Buy Fortis Apr Fut @ 182.50-183 SL: 181.50…Karvy F&O Desk.”

“29/03/2010 11:06:04RAYMOND: Call intd @ 244.70 on 26/03. Cmp: 255 !!! Book partial profits”

“29/03/2010 11:07:07Intraday Stock Futures: Sell HCC Apr Fut @ 134.50-135 SL: 136.50…Karvy F&O Desk.”

“29/03/2010 11:11:51

Intraday Fut: Buy ICICI Bank Apr fut @ 949-951 SL: 945 TF- Intraday… Karvy F&O Desk ”

“29/03/2010 11:14:10RAYMOND: Call intd @ 244.70 on 26/03. Cmp: 257 !!! Book full profits”

“29/03/2010 11:33:39JETAIRWAYS: Intraday buy call given @ 465. Cmp: 471 !!”

“29/03/2010 11:35:35BTST: ICICIBANK: Cmp: 948; SL: 943; Tgts: : 960-963”

“29/03/2010 12:17:34Buy BRFL: Cmp: 216.80; SL: 214; Tgts: 226-228; TF: 4-5 days”

“29/03/2010 12:29:50Buy AMRUTANJAN: Cmp: 870; SL: 864; Tgts: 885-890; TF: 3-5 days”

“29/03/2010 12:32:18Intraday Fut: Book Profits in TCS Apr fut short recomm @817-818….Karvy F&O Desk”

“29/03/2010 12:37:05Buy LICHSGFIN: Cmp: 842; SL: 836.50; Tgts: 853-855; TF: 3-4 days”

“29/03/2010 12:42:45Nifty Index Options: Buy Nifty 5300 CE @ 117-120 SL: 5290…Karvy F&O Desk.”

“29/03/2010 12:44:47BTST: HDFC: Cmp: 2668; SL: 2659; Tgts: 2700-2710”

“29/03/2010 12:45:03Intraday Fut: Buy Infosys Apr fut @2730-2733 SL:2720 TF- Intraday…. Karvy F&O Desk”

“29/03/2010 13:02:08Buy BHARATFORGE: Cmp: 252; SL: 248.50; Tgts 263-267; TF: 5-7 days”

“29/03/2010 13:03:55BHARATFORGE: Call intd @ 252. Cmp: 255.60 ! Accumulate for Tgts: 263-267”

“29/03/2010 13:06:33ICICIBANK: Btst call given @ 948 today. Cmp: 953 !! ”

“29/03/2010 13:11:43AMRUTANJAN: Call given @ 870 today. CMP: 895 !!!!! Tgts achd.”

“29/03/2010 13:15:58ICICIBANK: Btst call given @ 948 today. Cmp: 955 !! ”

“29/03/2010 13:18:41Buy MASTEK: Cmp: 334.50; SL: 329.50; Tgts: 345-348; TF: 3-5 days”

“29/03/2010 13:25:40Buy AREVAT&D: Cmp: 312; SL: 307; Tgts: 325-330; TF: 1-2 days”

“29/03/2010 13:25:40LICHSGFIN: Call intd @ 842 today. Cmp: 847 !! Tgts: 855-857”

“29/03/2010 13:27:18ICICIBANK: Btst call given @ 948 today. Cmp: 957 !! ”

“29/03/2010 13:28:41Intraday Fut: Book Profits in ICICI Bank Apr fut long recomm @959-960….Karvy F&O Desk.”

“29/03/2010 13:31:28HERCULES: Call intd @ 229 on 23/03. Cmp: 236 !!”

“29/03/2010 13:33:05Buy ASAHIINDIA: Cmp: 61.10; SL: 58 Tgts: 68-70; TF: 10-12 days”

“29/03/2010 13:43:03LICHSGFIN: Call intd @ 842 today. Cmp: 856 !!!! ”

“29/03/2010 13:43:29LICHSGFIN: Call intd @ 842 today. Cmp: 857 !!!! Book full profits”

“29/03/2010 13:45:30LICHSGFIN: Call intd @ 842 today. Cmp: 860 !!!!”

“29/03/2010 13:53:50BTST: ACC: Cmp: 955; SL: 949.50; Tgts: 965-968”

“29/03/2010 13:53:50LICHSGFIN: Call intd @ 842 today. Cmp: 865 !!!! ”

“29/03/2010 13:55:04RANBAXY: CMP: 485 ! Accumulate for Tgts: 492-495”

“29/03/2010 14:00:52RANBAXY: BTST Call given @ 484.15 today. Cmp: 486 ! Accumulate for Tgts: 493-496”

“29/03/2010 14:02:16BTST: LICHSGFIN: Cmp: 865; SL: 859.50; Tgts: 875-879”

“29/03/2010 14:06:24LICHSGFIN: BTST Call given @ 865 today. Cmp: 875 !!!”

“29/03/2010 14:06:59LICHSGFIN: BTST Call given @ 865 today. Cmp: 877 !!!”

“29/03/2010 14:07:39LICHSGFIN: BTST Call given @ 865 today. Cmp: 880 !!!!”

“29/03/2010 14:14:52Buy EXCELCROP: Cmp: 185.15; SL: 179 Tgts: 195-200; TF: 6-8 days”

“29/03/2010 14:22:22Intraday Stock Futures: Close Fortis long Apr Fut @ initiation levels…Karvy F&O Desk.”

“29/03/2010 14:26:17RPOWER: Call intd @ 148.70 on 25/03. Cmp: 152 !! Accumulate for Tgts: 157-160”

“29/03/2010 14:40:18LICHSGFIN: BTST Call given @ 865 today. Cmp: 882 !!!!”

“29/03/2010 14:44:14RPOWER: Call intd @ 148.70 on 25/03. Cmp: 154 !!!”

“29/03/2010 14:45:44Buy HOVS: Cmp: 64.25; SL: 61.50; Tgts: 69-70; TF: 5-6 days”

“29/03/2010 14:48:44Intraday Stock Futures: Book HCC short Apr Fut (with marginal profits) @ 133-133.50….Karvy F&O DesK”

“29/03/2010 14:48:54Buy MAGMA: Cmp: 290; SL: 285; Tgts: 300-304; TF: 3-5 days”

“29/03/2010 14:51:01STAR: Call intd @ 344 today. Cmp: 337.15. trigger stop loss”

“29/03/2010 14:52:38SOUTHBANK: Call intd @ 167.20 today. Cmp: 170.30 ! Accumulate for Tgts: 177-179”

“29/03/2010 15:02:57LICHSGFIN: BTST Call given @ 865 today. Cmp: 890 !!!!”

“29/03/2010 15:29:44The Normal market has closed.”

“29/03/2010 15:29:44The Normal market has closed.”

“29/03/2010 15:29:44The Normal market has closed for 29 MAR 2010.”

“29/03/2010 15:29:44The Normal market has closed for 29 MAR 2010.”

“29/03/2010 15:30:21BSE EQUITIES MARKET CLOSED ”

“29/03/2010 15:39:45BSE EQUITIES MARKET OPENED ”

“29/03/2010 15:39:55BSE EQUITIES MARKET CLOSED ”

“29/03/2010 15:39:55BSE EQUITIES MARKET OPENED ”

“29/03/2010 15:49:44The Closing Session has opened.”

“29/03/2010 15:49:44The Closing Session has opened.”

“29/03/2010 15:59:40The Closing Session has closed.”

“29/03/2010 15:59:40The Closing Session has closed.”

“29/03/2010 16:00:16BSE EQUITIES MARKET CLOSED ”

“29/03/2010 16:34:04BSE EQUITIES MARKET CLOSED ”

Pivot Point for 30-03-2010

30/03/2010 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 823.55 797.38 810.98 817.27 824.58 830.87 838.18 851.78
ACC 951.40 906.38 927.53 939.47 948.68 960.62 969.83 990.98
AMBUJACEM 122.05 111.50 116.75 119.40 122.00 124.65 127.25 132.50
AXISBANK 1,198.95 1139.65 1169.65 1184.30 1199.65 1214.30 1229.65 1259.65
BHARTIARTL 312.20 303.03 307.73 309.97 312.43 314.67 317.13 321.83
BHEL 2,394.80 2306.05 2347.40 2371.10 2388.75 2412.45 2430.10 2471.45
BPCL 526.90 478.95 500.70 513.80 522.45 535.55 544.20 565.95
CAIRN 294.50 279.78 288.23 291.37 296.68 299.82 305.13 313.58
CIPLA 342.55 316.82 329.52 336.03 342.22 348.73 354.92 367.62
DLF 298.95 283.88 291.18 295.07 298.48 302.37 305.78 313.08
GAIL 400.60 386.75 393.30 396.95 399.85 403.50 406.40 412.95
GRASIM 2,871.35 2797.92 2836.72 2854.03 2875.52 2892.83 2914.32 2953.12
HCLTECH 370.55 343.43 356.18 363.37 368.93 376.12 381.68 394.43
HDFCBANK 1,965.05 1139.00 1500.15 1732.60 1861.30 2093.75 2222.45 2583.60
HDFC 2,661.10 2513.93 2583.83 2622.47 2653.73 2692.37 2723.63 2793.53
HEROHONDA 2,006.20 1940.98 1977.63 1991.92 2014.28 2028.57 2050.93 2087.58
HINDALCO 184.25 148.63 164.38 174.32 180.13 190.07 195.88 211.63
HINDUNILVR 239.70 234.57 236.97 238.33 239.37 240.73 241.77 244.17
ICICIBANK 952.60 911.37 930.87 941.73 950.37 961.23 969.87 989.37
IDEA 67.10 63.22 65.17 66.13 67.12 68.08 69.07 71.02
IDFC 162.20 156.62 159.37 160.78 162.12 163.53 164.87 167.62
INFOSYSTCH 2,716.65 2589.47 2659.22 2687.93 2728.97 2757.68 2798.72 2868.47
ITC 269.20 249.98 258.73 263.97 267.48 272.72 276.23 284.98
JINDALSTEL 716.55 684.37 701.92 709.23 719.47 726.78 737.02 754.57
JPASSOCIAT 150.50 144.12 147.57 149.03 151.02 152.48 154.47 157.92
LT 1,663.95 1563.22 1608.12 1636.03 1653.02 1680.93 1697.92 1742.82
M&M 553.60 444.53 494.53 524.07 544.53 574.07 594.53 644.53
MARUTI 1,427.45 1339.62 1380.22 1403.83 1420.82 1444.43 1461.42 1502.02
NTPC 203.20 197.95 200.40 201.80 202.85 204.25 205.30 207.75
ONGC 1,093.05 1043.63 1066.48 1079.77 1089.33 1102.62 1112.18 1135.03
PNB 1,003.55 966.52 986.52 995.03 1006.52 1015.03 1026.52 1046.52
POWERGRID 106.75 103.73 105.28 106.02 106.83 107.57 108.38 109.93
RANBAXY 481.35 457.02 468.92 475.13 480.82 487.03 492.72 504.62
RCOM 168.40 158.77 163.87 166.13 168.97 171.23 174.07 179.17
RELCAPITAL 768.90 743.87 757.77 763.33 771.67 777.23 785.57 799.47
RELIANCE 1,093.30 1060.18 1079.13 1086.22 1098.08 1105.17 1117.03 1135.98
RELINFRA 1,003.60 969.43 987.33 995.47 1005.23 1013.37 1023.13 1041.03
RPOWER 152.80 139.18 145.43 149.12 151.68 155.37 157.93 164.18
SAIL 243.25 217.03 229.28 236.27 241.53 248.52 253.78 266.03
SBIN 2,095.05 2027.02 2059.02 2077.03 2091.02 2109.03 2123.02 2155.02
SIEMENS 749.15 694.48 718.98 734.07 743.48 758.57 767.98 792.48
STER 837.75 777.17 804.92 821.33 832.67 849.08 860.42 888.17
SUNPHARMA 1,800.80 1665.93 1726.93 1763.87 1787.93 1824.87 1848.93 1909.93
SUZLON 72.65 70.42 71.62 72.13 72.82 73.33 74.02 75.22
TATAMOTORS 740.60 696.15 720.60 730.60 745.05 755.05 769.50 793.95
TATAPOWER 1,367.30 1317.80 1341.50 1354.40 1365.20 1378.10 1388.90 1412.60
TATASTEEL 643.55 614.70 629.15 636.35 643.60 650.80 658.05 672.50
TCS 811.95 775.10 795.85 803.90 816.60 824.65 837.35 858.10
UNITECH 72.40 66.33 69.53 70.97 72.73 74.17 75.93 79.13

Support & Resistances for 30-03-2010

Support & Resistances for 30-03-2010
 
    SENSEX NIFTY FUTURE (Apr-2010)
    BANKNIFTY NIFTY
29/03/2010 Open  17639.18 5283.90 9479.00 5291.50
High 17793.01 5329.55 9589.50 5344.00
Low 17639.18 5242.15 9453.00 5279.40
Close 17711.35 5302.85 9529.80 5318.80
LTP 17711.35 5302.85 9531.00 5323.00
Range 153.83 87.40 136.50 64.60
30/03/2010 R3 18022.17 5466.32 9797.10 5443.27
R2 17868.34 5378.92 9660.60 5378.67
R1 17789.85 5340.88 9595.20 5348.73
PP 17714.51 5291.52 9524.10 5314.07
S1 17636.02 5253.48 9458.70 5284.13
S2 17560.68 5204.12 9387.60 5249.47
S3 17406.85 5116.72 9251.10 5184.87
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Market Indices for 30-03-2010

NSE 29/03/2010         30/03/2010      
Index Last range S3 S2 S1 pp R1 R2 R3
S&P CNX NIFTY 5302.85 87.40 5116.72 5204.12 5253.48 5291.52 5340.88 5378.92 5466.32
CNX NIFTY JUNIOR 10733.55 51.15 10633.60 10684.75 10709.15 10735.90 10760.30 10787.05 10838.20
CNX IT 6050.95 101.05 5875.13 5976.18 6013.57 6077.23 6114.62 6178.28 6279.33
BANK NIFTY 9517.60 126.40 9263.27 9389.67 9453.63 9516.07 9580.03 9642.47 9768.87
CNX 100 5229.55 40.60 5149.55 5190.15 5209.85 5230.75 5250.45 5271.35 5311.95
S&P CNX DEFTY 4078.60 90.30 3885.73 3976.03 4027.32 4066.33 4117.62 4156.63 4246.93
S&P CNX 500 4320.95 23.15 4277.93 4301.08 4311.02 4324.23 4334.17 4347.38 4370.53
CNX MIDCAP 7667.35 47.85 7573.67 7621.52 7644.43 7669.37 7692.28 7717.22 7765.07
NIFTY MIDCAP 50 2692.35 25.15 2645.53 2670.68 2681.52 2695.83 2706.67 2720.98 2746.13
                   
SENSEX  17711.35 153.83 17406.85 17560.68 17636.02 17714.51 17789.85 17868.34 18022.17
MIDCAP  6779.29 41.68 6699.92 6741.60 6760.44 6783.28 6802.12 6824.96 6866.64
SMLCAP  8389.96 110.84 8199.71 8310.55 8350.26 8421.39 8461.10 8532.23 8643.07
BSE-100  9368.31 58.25 9258.14 9316.39 9342.35 9374.64 9400.60 9432.89 9491.14
BSE-200  2213.30 12.17 2190.54 2202.71 2208.00 2214.88 2220.17 2227.05 2239.22
BSE-500  6951.13 34.78 6888.05 6922.83 6936.98 6957.61 6971.76 6992.39 7027.17
BSE IPO  2003.26 22.21 1962.54 1984.75 1994.00 2006.96 2016.21 2029.17 2051.38
BSE Sectoral Indices                
CD  4255.14 121.58 3990.97 4112.55 4183.84 4234.13 4305.42 4355.71 4477.29
FMCG  2870.83 49.98 2765.32 2815.30 2843.06 2865.28 2893.04 2915.26 2965.24
BANKEX  10723.77 130.26 10458.96 10589.22 10656.49 10719.48 10786.75 10849.74 10980.00
CG  14169.54 94.55 13968.01 14062.56 14116.05 14157.11 14210.60 14251.66 14346.21
REALTY  3225.23 46.12 3132.15 3178.27 3201.75 3224.39 3247.87 3270.51 3316.63
AUTO  7667.04 84.22 7508.47 7592.69 7629.86 7676.91 7714.08 7761.13 7845.35
METAL  17979.89 137.79 17733.11 17870.90 17925.40 18008.69 18063.19 18146.48 18284.27
HC  5339.51 30.87 5282.41 5313.28 5326.39 5344.15 5357.26 5375.02 5405.89
POWER  3071.81 11.84 3049.53 3061.37 3066.59 3073.21 3078.43 3085.05 3096.89
OIL&GAS  10239.63 106.71 10052.23 10158.94 10199.29 10265.65 10306.00 10372.36 10479.07
PSU  8947.40 52.83 8854.08 8906.91 8927.16 8959.74 8979.99 9012.57 9065.40
TECk  3359.93 50.69 3271.92 3322.61 3341.27 3373.30 3391.96 3423.99 3474.68
IT  5418.98 99.13 5247.12 5346.25 5382.62 5445.38 5481.75 5544.51 5643.64
BSE Dollex Indices                
DOLLEX-30  3207.63 3100.82 -2992.73 108.09 3195.68 3208.91 3220.85 6309.73 9410.55
DOLLEX-100  2137.87 2075.25 -2011.19 64.06 2131.95 2139.31 2145.24 4214.56 6289.81
DOLLEX-200  812.86 789.75 -766.06 23.69 810.91 813.44 815.38 1603.19 2392.94

Today’s Levels (29-03-2010)

(Last Close : Sensex 17645 : Nifty Spot 5282)

Today’s Levels

Trade short if Sensex fails to sustain above 17652 (Nifty 5284)

[Lower targets/supports at 17614(5274)/17560(5261) or lower]

Trade long if Sensex sustains above 17560 (Nifty 5261)

[Upper targets/resistances at 17614(5274)/17652(5284) or higher]

FOR THE COMING WEEK (29-03-2010 – 02-04-2010)

FOR THE COMING WEEK:

Indices are likely to face resistance at the 17700-17770-17850/5300-5315-5350 levels. Any surge in the indices may see profit taking around the indicated resistances.

Downside supports are placed at the 17550-17350-17200/5250-5200-5150 levels.

Depending on the global cues we expect to see a recovery from the mentioned supports and the trades could be influenced by strong moves sectorally.

Any move until the above mentioned resistances shall be utilized to exit from long positions and look out for a sustainable move.

However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.

FOR THE DAY (29-03-2010)

FOR THE DAY:

Domestic markets are likely to open on a flat-to-positive note following the mixed US markets and Asian indices.

Traders are advised to trade long in Nifty from 5280, else from 5250 levels with stop loss placed at 5220 for the targets of 5310 levels.

Alternatively, trade short if Nifty fails to surpass 5310 levels, targeting lower supports.