FOR THE COMING WEEK (26-30, April 2010)

FOR THE COMING WEEK:
Indices are likely to face resistance at the 17800‐18000‐18100/5350‐5380‐5400 levels.
Any surge in the indices may see profit taking around the indicated resistances.
Downside supports are placed at the 17350‐17200‐17050/5200‐5150‐5100 levels.
Depending on the global cues we expect to see an upward movement 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.

Today’s Levels

(Last Close : Sensex 17694 : Nifty Spot 5304)
Today’s Levels
Trade long if Sensex sustains above 17680 (Nifty 5300)
[Upside targets/resistances at 17770(5325)/17836(5340) or higher]
Trade short if Sensex fails to sustain above 17770 (Nifty 5325)
[Downside targets/supports at 17680(5300)/17650(5280) or lower]

Good Morning (26-04-2010)

Asian stocks rose, driving up the MSCI Asia Pacific Index by the most in more than five weeks, as Toyota Motor Corp. and Canon Inc. led gains on speculation earnings will increase as the global economy recovers.

Indian Market will open in flat to positive note.

NIFTY range would be for the day 5255-5280-5295-5320-5335

SGX NIFTY is trading at + 32 (5345) @ 8:10 IST.

Crude is trading at $85.45. Gold is trading at $1158.8 (Rs.16628), Rs vs $ is at 44.52.

Calls:

BANKINDIA
M&M
FORTIS
RELIGARE
KALECONSUL
SHRIRAMEPC
GESHIP
· GREAVESCOT

· TIL

· THERMAX

· SKFINDIA

Have a nice Trading Day !