Indices Pivot Point (15-03-2011)

Support & Resistances for 15-03-2011
 
    SENSEX NIFTY FUTURE (Mar2011)
    BANKNIFTY NIFTY
14-03-2011 Open  18167.10 5436.50 10750.00 5455.60
High 18463.84 5537.30 10974.80 5562.00
Low 18155.43 5434.25 10750.00 5448.10
Close 18439.48 5531.50 10970.05 5555.70
LTP 18439.48 5531.50 10984.25 5459.60
Range 308.41 103.05 224.80 113.90
15-03-2011 R3 18969.74 5707.12 11347.88 5749.73
R2 18661.33 5604.07 11123.08 5635.83
R1 18550.40 5567.78 11046.57 5595.77
PP 18352.92 5501.02 10898.28 5521.93
S1 18241.99 5464.73 10821.77 5481.87
S2 18044.51 5397.97 10673.48 5408.03
S3 17736.10 5294.92 10448.68 5294.13
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point – NIFTY 50 (14-03-2011)

15-03-2011 Pivot Point (NIFTY-50) NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
SIEMENS 857.95 852.08 855.18 856.57 858.28 859.67 861.38 864.48
PNB 1081.00 1045.75 1063.10 1072.05 1080.45 1089.40 1097.80 1115.15
ACC 1009.95 959.98 981.98 995.97 1003.98 1017.97 1025.98 1047.98
MARUTI 1257.00 1151.12 1199.07 1228.03 1247.02 1275.98 1294.97 1342.92
HCLTECH 464.60 429.15 444.70 454.65 460.25 470.20 475.80 491.35
DRREDDY 1597.40 1554.63 1576.13 1586.77 1597.63 1608.27 1619.13 1640.63
BAJAJ-AUTO 1383.30 1298.93 1337.83 1360.57 1376.73 1399.47 1415.63 1454.53
GAIL 462.65 408.07 432.92 447.78 457.77 472.63 482.62 507.47
TATAPOWER 1250.65 1107.13 1169.88 1210.27 1232.63 1273.02 1295.38 1358.13
KOTAKBANK 426.10 395.02 409.37 417.73 423.72 432.08 438.07 452.42
HINDUNILVR 278.10 270.20 273.90 276.00 277.60 279.70 281.30 285.00
HDFCBANK 2214.75 2107.92 2154.92 2184.83 2201.92 2231.83 2248.92 2295.92
NTPC 177.95 169.82 173.52 175.73 177.22 179.43 180.92 184.62
CIPLA 300.10 277.15 287.40 293.75 297.65 304.00 307.90 318.15
RANBAXY 469.20 439.65 452.90 461.05 466.15 474.30 479.40 492.65
INFOSYSTCH 3100.80 2925.12 3002.47 3051.63 3079.82 3128.98 3157.17 3234.52
BHEL 1975.75 1872.58 1922.18 1948.97 1971.78 1998.57 2021.38 2070.98
BPCL 570.45 521.45 543.15 556.80 564.85 578.50 586.55 608.25
LT 1562.15 1485.07 1518.92 1540.53 1552.77 1574.38 1586.62 1620.47
AXISBANK 1290.35 1222.62 1253.52 1271.93 1284.42 1302.83 1315.32 1346.22
JINDALSTEL 664.15 625.30 643.05 653.60 660.80 671.35 678.55 696.30
SUNPHARMA 425.55 399.42 411.32 418.43 423.22 430.33 435.12 447.02
M&M 661.45 631.07 645.82 653.63 660.57 668.38 675.32 690.07
TCS 1097.55 998.78 1042.38 1069.97 1085.98 1113.57 1129.58 1173.18
AMBUJACEM 127.50 120.25 123.60 125.55 126.95 128.90 130.30 133.65
SAIL 159.80 147.52 152.97 156.38 158.42 161.83 163.87 169.32
CAIRN 345.80 322.57 332.87 339.33 343.17 349.63 353.47 363.77
BHARTIARTL 321.75 312.28 316.98 319.37 321.68 324.07 326.38 331.08
HDFC 671.45 628.73 648.18 659.82 667.63 679.27 687.08 706.53
HEROHONDA 1531.10 1443.53 1486.43 1508.77 1529.33 1551.67 1572.23 1615.13
SBIN 2602.05 2592.28 2592.28 2575.57 2592.28 2618.77 2592.28 2592.28
TATAMOTORS 1175.80 1165.23 1165.23 1150.77 1165.23 1190.27 1165.23 1165.23
SESAGOA 271.85 270.72 270.72 268.68 270.72 273.88 270.72 270.72
RELINFRA 625.60 620.02 620.02 611.03 620.02 634.58 620.02 620.02
POWERGRID 98.80 98.52 98.52 97.93 98.52 99.38 98.52 98.52
WIPRO 456.25 453.02 453.02 448.23 453.02 461.03 453.02 453.02
RPOWER 127.30 125.73 125.73 123.77 125.73 129.27 125.73 125.73
RELIANCE 1018.35 1010.45 1010.45 1000.15 1010.45 1028.65 1010.45 1010.45
ICICIBANK 1019.10 1015.55 1015.55 1009.50 1015.55 1025.15 1015.55 1015.55
DLF 228.25 227.10 227.10 225.20 227.10 230.15 227.10 227.10
ONGC 280.70 282.12 282.12 278.23 282.12 284.58 282.12 282.12
ITC 173.45 172.62 172.62 171.33 172.62 174.73 172.62 172.62
STER 163.00 161.92 161.92 160.58 161.92 164.33 161.92 161.92
TATASTEEL 601.10 595.33 595.33 587.87 595.33 608.57 595.33 595.33
HINDALCO 209.10 207.62 207.62 205.28 207.62 211.43 207.62 207.62
RELCAPITAL 561.95 547.42 547.42 528.53 547.42 580.83 547.42 547.42
JPASSOCIAT 84.20 83.43 83.43 82.12 83.43 85.52 83.43 83.43
RCOM 100.45 99.32 99.32 96.68 99.32 103.08 99.32 99.32
SUZLON 46.45 46.45 46.45 44.75 46.45 48.15 46.45 46.45
IDFC 146.00 145.08 145.08 143.92 145.08 146.92 145.08 145.08

Pivot Point – SENSEX 30 (14-03-2011)

15-03-2011 Pivot Point (SENSEX-30) BSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
BAJAJAUT 1383.15 1299.30 1338.05 1360.60 1376.80 1399.35 1415.55 1454.30
BHARTIARTL 321.55 312.23 316.88 319.22 321.53 323.87 326.18 330.83
BHEL 1974.70 1871.80 1921.70 1948.20 1971.60 1998.10 2021.50 2071.40
CIPLA 300.05 276.72 287.22 293.63 297.72 304.13 308.22 318.72
DLF 228.30 216.77 221.97 225.13 227.17 230.33 232.37 237.57
HDFC 670.80 634.52 651.17 660.98 667.82 677.63 684.47 701.12
HDFCBANK 2212.75 2106.68 2154.18 2183.47 2201.68 2230.97 2249.18 2296.68
HEROHONDA 1531.15 1456.67 1491.72 1511.43 1526.77 1546.48 1561.82 1596.87
HINDALCO 209.05 195.18 201.48 205.27 207.78 211.57 214.08 220.38
HUL 277.50 270.78 274.03 275.77 277.28 279.02 280.53 283.78
ICICIBANK 1018.85 982.50 998.95 1008.90 1015.40 1025.35 1031.85 1048.30
INFOSYS 3099.25 2927.15 3003.95 3051.60 3080.75 3128.40 3157.55 3234.35
ITC 173.30 165.77 169.17 171.23 172.57 174.63 175.97 179.37
JAIPRA 84.15 77.47 80.42 82.28 83.37 85.23 86.32 89.27
JINDALSTEEL 664.25 627.08 644.08 654.17 661.08 671.17 678.08 695.08
LNT 1561.35 1484.62 1518.52 1539.93 1552.42 1573.83 1586.32 1620.22
MARUTI 1259.25 1124.23 1188.88 1224.07 1253.53 1288.72 1318.18 1382.83
MNM 662.05 630.35 645.55 653.80 660.75 669.00 675.95 691.15
NTPC 177.90 169.37 173.17 175.53 176.97 179.33 180.77 184.57
ONGC 280.90 270.38 276.33 278.62 282.28 284.57 288.23 294.18
RCOM 100.50 87.32 93.37 96.93 99.42 102.98 105.47 111.52
RELINFRA 625.70 572.13 596.03 610.87 619.93 634.77 643.83 667.73
RIL 1017.65 953.42 981.62 999.63 1009.82 1027.83 1038.02 1066.22
SBI 2600.10 2514.70 2552.70 2576.40 2590.70 2614.40 2628.70 2666.70
STERLITEIND 162.95 153.42 157.62 160.28 161.82 164.48 166.02 170.22
TATAMOTORS 1168.95 1094.27 1127.72 1148.33 1161.17 1181.78 1194.62 1228.07
TATAPOWER 1248.85 1121.78 1177.68 1213.27 1233.58 1269.17 1289.48 1345.38
TATASTL 601.05 556.85 576.15 588.60 595.45 607.90 614.75 634.05
TCS 1096.65 1003.22 1044.22 1070.43 1085.22 1111.43 1126.22 1167.22
WIPRO 455.70 430.70 441.90 448.80 453.10 460.00 464.30 475.50

Alerts (14-03-2011)

“14-03-2011 10:20:01Buy JETAIRWAYS:      462;     SL:    457;       TGTS:    471-474;    Intraday””14-03-2011 10:23:06Buy COALINDIA:      334;     SL:   330;      TGTS:      343-345;     TF:    5-7 days””14-03-2011 10:26:10Intraday Fut: Sell Tata Motors Mar Fut @ 1136-1140 SL: 1160 (Spot) TF: Intraday…..karvy F&O Desk (10:23)””14-03-2011 10:26:20Buy GRAVITA:   Cmp:    287     SL:   282;       TGTS:     298-300;    TF:   4-6 days””14-03-2011 10:28:56RELCAPITAL:    Call intd @   517.15.    Cmp:   525.70      !!!””14-03-2011 10:39:38Intraday Fut: Sell TCS Mar Fut @ 1067-1070 SL: 1075 (Spot) TF: Intraday…..karvy F&O Desk (10:38)””14-03-2011 10:40:59KARVY CURRENCY RESEARCH>> JPY/INR- March-MCX-SX/NSE: BUY AT PRESENT LEVELS TARGETTING 55.21 AND THEN 55.25 WITH STOP LOSS BELOW 55.00,CMP 55.10″”14-03-2011 10:44:33RELCAPITAL:    Call intd @   517.15.    Cmp:   528        !!!   book partial profits””14-03-2011 10:48:28RELCAPITAL:    Call intd @   517.15.    Cmp:   530       !!!!   book full profits””14-03-2011 10:52:29KPIT:    Call intd @ 182.    Cmp:    177.40    Trigger stop loss””14-03-2011 10:54:39JHS:    Call intd @ 82.80.   Cmp:      79.50.     trigger stop loss””14-03-2011 11:05:30Buy MANAPPURAM:     118;    SL:    114;      TGTS:     125-129;     TF:   5-8 days””14-03-2011 11:10:12Nifty Index Futures: Sell Nifty Mar Fut @ 5495-5498 SL: 5505(Spot) Tgt: 5460-5464 TF: Intraday….Karvy F&O Desk Hyd. (11:09)
MINI-Nifty Index Futures: Sell MINI-Nifty Mar Fut @ 5495-5498 SL: 5505(Spot) Tgt: 5460-5464 TF: Intraday….Karvy F&O Desk Hyd. (11:09)””14-03-2011 11:26:54Intraday Fut: Stop Loss triggered in TCS Mar Fut short…..karvy F&O Desk (11:25)””14-03-2011 11:42:09KARVY CURRENCY RESEARCH>> JPY/INR- March-MCX-SX/NSE:>> BOOK PROFITS ON LONG POSITION INITIATED AT 55.10,CMP 55.16″”14-03-2011 11:56:34BTST:   RANBAXY:      466;    SL:    462;     TGTS:    475-478″”14-03-2011 12:01:49KARVY CURRENCY RESEARCH>> GBP/INR- March-MCX-SX/NSE: buy at present levels targeting 72.87 and then 72.92 with stop loss below 72.70,cmp 72.79″”14-03-2011 12:07:29karvy currency research desk>> ECONOMIC DATA UPDATE:IN Wholesale Prices (YoY%) Feb Actual: 8.31% Survey: 7.80% Prior:8.23%””14-03-2011 12:19:09KARVY CURRENCY RESEARCH>> HOURLY UPDATE ON CURRENCIES @ 12 NOON
USD/INR- March-MCX-SX/NSE: Pair could face resistance in the range of  45.34/45.37 .Only a break and sustaining above which could turn bullish .Untill then we could expect it to face selling pressure at higher levels.
EUR/INR- March-MCX-SX/NSE: Pair continues to trade in a range with a positive bias .It has support at 62.98 and then 62.87 levels Resistance is at 63.13 and then 63.22 levels.””14-03-2011 12:19:14GBP/INR- March-MCX-SX/NSE: Strong support for the pair is at 72.72 and then 72.65 levels .Sustaining above 72.72 levels could test 72.93/72.98 levels””14-03-2011 12:23:34JPY/INR- March-MCX-SX/NSE: Pair has support in the range 55.10/55.07 if sustains could test 55.21/55.27 levels. “”14-03-2011 12:47:14GRAVITA:    Call intd @    287.     Cmp:    290.50         TGTS:   298-300″”14-03-2011 12:50:54GRAVITA:    Call intd @    287.     Cmp:    294    !!!””14-03-2011 12:57:39Buy VIPIND    CMP:    539;      SL:     534;       TGTs:     549-552    TF:   3-4 days””14-03-2011 12:59:29KARVY CURRENCY RESEARCH>> GBP/INR- March-MCX-SX/NSE>> LONG POSITION INITIATED AT 72.79 LEVEL  HAS BEEN STOPPED OUT,CMP 72.70″”14-03-2011 13:00:59Intraday Fut: Buy Reliance Mar Fut @ 1014-1016 SL: 1000 (Spot) TF: Intraday…..karvy F&O Desk (1:00)””14-03-2011 13:11:03Short strangle in Nifty: Sell one Nifty Mar 5600 call @ 60-62 & sell one Nifty Mar 5400 put @ 70-72; Max profit: Rs 6,500 if the Nifty expires in the range of 5400-5600 levels; SL on the upside: 5730 (spot); SL on the downside: 5270 (spot); ; TF: 10-12 days…Karvy F&O Desk””14-03-2011 13:16:19KARVY CURRENCY RESEARCH>> HOURLY UPDATE ON CURRENCIES @ 1PM
USD/INR- March-MCX-SX/NSE:  Pair continues to trade in a range with support at 45.25 and resistance at 45.35 levels.
EUR/INR- March-MCX-SX/NSE: Pair continues to trade strong with support now at 62.98 and resistance at 63.22 levels .””14-03-2011 13:38:50Intraday Fut: Sell Axis Bank Mar Fut @ 1280-1282 SL: 1290 (Spot) TF: Intraday…..karvy F&O Desk (1:38)””14-03-2011 13:45:59Buy RELCAPITA:    Cmp:   543.50;   SL:   539;       TGTS  555-558;    Intraday””14-03-2011 13:46:19Buy RELCAPITAL:    Cmp:   543.50;   SL:   539;       TGTS  555-558;    Intraday””14-03-2011 14:19:45Cairn Liquid Fut: Buy Cairn Mar fut @ 346-347 SL: 341 Tgt-356-358 TF-3-4 Days….karvy F&O Desk (2:18)””14-03-2011 14:21:20Nifty Index Futures: Exit Nifty Mar Fut @ 5518-5520….Karvy F&O Desk Hyd. (2:20)
MINI-Nifty Index Futures: Exit Mini-Nifty Mar Fut @ 5518-5520….Karvy F&O Desk Hyd. (2:20)””14-03-2011 14:29:06RELCAPITAL:    Intraday call intd @    543.50.    Cmp:   549     !!!””14-03-2011 14:31:00KARVY CURRENCY RESEARCH>> EUR/INR- March-MCX-SX/NSE>> BOOK PROFITS on long position initiated in the range of 62.98/63, cmp 63.06 REF >>(EUR/INR- March-MCX-SX/NSE>> Buy in the range of 62.98/63.00 targeting 63.13/63.15 with stop loss below 62.92)””14-03-2011 14:36:07REC Ltd Liquid Fut: Book Profits in REC LTD Mar fut @ 226-227….karvy F&O Desk (3:35)””14-03-2011 14:36:47RANBAXY:    Btst  Call intd @  466.     Cmp:    470    !!     TGTS;    475-478″”14-03-2011 14:37:47Exit Nifty Mar 5400 PE @ 64-65…Karvy F&O Desk  “”14-03-2011 14:49:23BTST:    JSWSTEEL:      921;      SL:   915;      TGTs:     930-935″”14-03-2011 14:52:14VIPIND:    Call intd @   539.    Cmp:    549      !!!      “”14-03-2011 14:53:04RELCAPITAL:    Intraday call intd @    543.50.    Cmp:   553.70       !!!””14-03-2011 14:55:10BTST:     TECHM:      735;       SL: 730;       TGTs:  745-748″”14-03-2011 14:57:10BTST:    HITACHIHOM:   Cmp:  199;      SL:   194;      TGTS:     210-212″”14-03-2011 15:01:28BTST Stock Fut: Buy IFCI Mar Fut @ 53.5-54 SL: 52 (Spot) TF: BTST…..karvy F&O Desk (3:00)””14-03-2011 15:04:15RELCAPITAL:    Intraday call intd @    543.50.    Cmp:   558      !!!       book full profits””14-03-2011 15:06:00HITACHIHOM:       BTST Call intd @     199.     CMP:      207      !!!””14-03-2011 15:06:45JETAIRWAYS:    Intraday call intd @    462.    Cmp:      468       !!! “”14-03-2011 15:09:56JSWSTEEL:     Btst call intd @   921.    CMP:     929    !!     “”14-03-2011 15:11:06BTST:    VENKEYS:       505;    SL:   498;        TGTS:     520-525″”14-03-2011 15:12:36VIPIND:    Call intd @   539.    Cmp:    550       !!!”

TODAY’S NEWS HEADLINES(14-03-2011)

Thought for the day

“Achievers can almost literally taste success because they imagine their goals in such vivid detail. Setbacks only seem to add spice and favor to the final taste of victory.” –Denis Waitley

GENERAL

1)THE Indian tsunami early warning system performed well  meeting the international standards giving a sense of relief to the Indian monitoring agencies when the models and data were tallied with the international agencies.

Indian Express

ECONOMY

2)Chief Economic Advisor Kaushik Basu expects inflation to decline in the coming months and reach a “comfortable  level” of below 5 per cent next financial year.

BS

3)In a bid to reduce the burden on officials, the Income Tax Department is planning to outsource record management to private entities. Under the proposal, a private party will handle the department’s records, including income tax returns and those pertaining to tax disputes.

BS

CORPORATE / INDUSTRY

4)The $29-billion Aditya Birla Group is set to join the race to buy Australian coal mining company White-haven Coal. Three independent people with knowledge of the talks said the group had been selected in the first round and was now likely to  make a formal bid.

BS

5)NOTHING worries the steel manufacturer more than being unable to pass on the rising input costs fully, and putting  margins under pressure. This is expected to be the case  for steel players in the next quarter, which would see coking coal prices hit a record high due to supply woes, and Indian steel players anticipate a cost push of 15-20%, sequentially.

FE

6)If you are looking for the best deal to buy a car, it could be now. Carmakers including market leader Maruti Suzuki, Hyundai and Honda are now offering even better discounts and incentives than in December to get rid of huge inventories at dealerships.

ET

MONEY / BANKING

7)A sluggish industrial output growth and the feared fallout of the political turmoil in the Middle East and North Africa and a monster earthquake in Japan are likely to play on the Reserve Bank of India’s mind while it continues with its “struggle” to combat inflation through hiking policy rates and curbing demand. The country’s central bank would most likely hike repo rate by 25 basis points in its forthcoming mid-quarter monetary policy review on March 17, a poll of economists, bankers, and bond dealers conducted by ET showed.

ET

8)ICICI Bank has secured a trademark registration for its corporate jingle, which goes “Dhin Chik Dhin Chik”. The Trademark Registry in India has granted registration to ICICI Bank Ltd for its second mark by registering the very notes that form the jingle. ICICI Bank is the first Indian entity to obtain sound mark registration.

BL

MARKETS

9)The outcome of the RBI’s monetary policy review meeting, inflation reading for February and the status of the political conflict in the Gulf and North Africa will determine the stock market direction this week. Analysts said while the market has factored in the possibility of policy-rate increases by the central bank on Thursday, investors are closely watching the Indian monetary authority’s comments on inflation expectations.

ET

10)SMC Global Securities today said the stock market this year is likely to give an annual return of 15% to 20%. It has advised investors to retain faith in the capital market as Budget proposals would push the growth momentum.

FE

11)If Sebi has its way, wealth managers will have a tough time going forward as the Sebi is in the process of coming out with stern measures to regulate the relationship managers in particular and wealth management firms in general.

IPO

12)India Inc mopped up a whopping $8.3 billion through initial public offers in 2010, the fourth largest in the world, according to Ernst & Young. E&Y’s data show the amount is more than double the amount mopped up in 2009. In 2009, the figure stood at $4.1 billion. The entities were helped by a robust stock market.

ET

13)PTC India Financial Services, a unit of PTC India, will launch its initial share sale offer on March 16. PTC India Financial Services (PFS) is coming up with an offer to sell 15.7 crore shares, consisting of 12.8 crore fresh shares, according to  the draft offer document filed with Sebi.ET COMMODITIES 14)Natural calamity – earthquake and tsunami in Japan – has now been added to the already uncertain conditions in the global commodities markets caused by a host of factors including on-going geopolitical concerns, volatile currency movements, creeping slowdown apprehensions and inflation fears. No wonder, the price trajectory reflects divergent paths as fundamentals have somewhat receded into the background  and non-fundamentals factors dominate. Crude market continues to remain firm on supply concerns, especially following outage of Libyan oil. Gold has stayed above $1,400 an ounce consolidating its gains, while silver prices hit a three-decade high. Base metals are under pressure.

BL

15)Forward Markets Commission (FMC) has approved an increase in member level open interest (OI) levels for 19 non-agri products including gold, silver, platinum, base metals and crude oil. Aggregate OI, or the outstanding position of a member across all contracts, has been increased to five times the client limit from three times earlier, to facilitate greater participation by actual users. For instance, in gold, the aggregate  member limit now stands at 12.5 tonne and the client limit at 2.5 tonne. Similarly, in silver, the member OI stands at 300 tonne and the client limit at 60 tonne. Late last month, the FMC approved an increase in member level position limits in agri products by the same extent.

ET

REAL ESTATE

16)New Delhi-based entrepreneur Robert Vadra, married into the country’s most powerful family, has made a quiet and relatively unheralded entry into the real estate business, including a  partnership with DLF, India’s largest realty firm. Vadra, the son-in-law of the ruling United Progressive chairperson Sonia Gandhi, has stayed away from electoral politics, maintaining that he wants to be known as a businessman.

ET

INFORMATION TECHNOLOGY

17)The ongoing political unrest in West Asia is all set to have a short to medium term impact on the expansion plans of top tier Indian IT companies in the region. Industry experts feel the development could also drag the profitability of software firms, especially in the current quarter.

FE

INTERNATIONAL

18)Japan fought on Sunday to avert a meltdown at two earthquake crippled nuclear reactors, describing the massive quake and tsunami, which may have killed more than 10,000 people, as  the nation’s biggest crisis since World War Two. The world’s third-largest economy is struggling to respond to a disaster of epic proportions, with more than 1 million without water or power and whole towns wiped off the map.

ET

19)The Bank of Japan may inject more short-term cash into the banking system on Monday after the nation’s most powerful earthquake on record, while keeping its asset-purchase plans unchanged as officials gauge the longer-term effect on the world’s third-largest economy.

ET

Today’s Levels (14-03-2011)

Today’s Levels

(Last Close : Sensex 18174 : Nifty Spot 5445)

Trade short if Sensex fails to sustain above 18231 (Nifty 5461)

[Downside targets/supports at 18174(5445)/18063(5411) or lower]

Trade long if Sensex sustains above 18174 (Nifty 5445)

[Upside targets/resistances at 18231(5461)/18289(5478) or higher]


FOR THE WEEK (14-18, March 2011)

FOR THE WEEK: The immediate resistance levels for the Sensex and Nifty are at 18350-18500-18750 and 5500-5550-5600, respectively, while the support level is at 18000-17750-17500 and 5380-5300-5250. Any move close to the resistance levels can be used to book partial profits and initiate fresh positional long positions only if the Sensex manages to hold support levels with strict stop losses.