FOR THE DAY: 30-01-2012

FOR THE DAY:
Trade long in Nifty above 5180 levels else from 5150 levels with stop loss placed at 5130 levels for targets of 5200 and 5220.
Alternatively trade short if Nifty fails to breach past 5220 with a stop loss placed at 5250 targeting lower supports.

Index Support & Resistances for 08-03-2011

Support & Resistances for 08-03-2011
 
    SENSEX NIFTY FUTURE (Mar2011)
    BANKNIFTY NIFTY
07-03-2011 Open  18361.65 5490.05 10850.00 5500.05
High 18361.65 5491.25 10888.85 5500.05
Low 18058.71 5408.45 10649.15 5400.25
Close 18216.39 5466.20 10808.5 5475.90
LTP 18230.36 5466.55 10810.00 5482.05
Range 302.94 82.80 239.70 99.80
08-03-2011 R3 18818.13 5620.90 11261.57 5658.33
R2 18515.19 5538.10 11021.87 5558.53
R1 18365.79 5502.15 10915.18 5517.22
PP 18212.25 5455.30 10782.17 5458.73
S1 18062.85 5419.35 10675.48 5417.42
S2 17909.31 5372.50 10542.47 5358.93
S3 17606.37 5289.70 10302.77 5259.13
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point (NIFTY-30) for 08-03-2011

08-03-2011 Pivot Point (NIFTY-50) NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ACC 980.15 960.28 970.18 975.17 980.08 985.07 989.98 999.88
AMBUJACEM 123.05 114.28 118.38 120.72 122.48 124.82 126.58 130.68
AXISBANK 1283.40 1198.47 1242.47 1262.93 1286.47 1306.93 1330.47 1374.47
BAJAJ-AUTO 1365.45 1301.05 1331.35 1348.40 1361.65 1378.70 1391.95 1422.25
BHARTIARTL 324.45 309.05 316.15 320.30 323.25 327.40 330.35 337.45
BHEL 2023.35 1910.48 1974.18 1998.77 2037.88 2062.47 2101.58 2165.28
BPCL 556.60 525.87 542.87 549.73 559.87 566.73 576.87 593.87
CAIRN 357.55 344.03 350.08 353.82 356.13 359.87 362.18 368.23
CIPLA 305.30 295.18 299.93 302.62 304.68 307.37 309.43 314.18
DLF 218.50 206.18 212.43 215.47 218.68 221.72 224.93 231.18
DRREDDY 1614.60 1463.53 1530.33 1572.47 1597.13 1639.27 1663.93 1730.73
GAIL 443.85 416.95 431.95 437.90 446.95 452.90 461.95 476.95
HCLTECH 451.90 425.05 439.30 445.60 453.55 459.85 467.80 482.05
HDFC 667.00 634.23 651.13 659.07 668.03 675.97 684.93 701.83
HDFCBANK 2173.15 2069.82 2122.92 2148.03 2176.02 2201.13 2229.12 2282.22
HEROHONDA 1532.80 1477.60 1505.60 1519.20 1533.60 1547.20 1561.60 1589.60
HINDALCO 210.00 202.02 205.87 207.93 209.72 211.78 213.57 217.42
HINDUNILVR 281.35 265.50 274.15 277.75 282.80 286.40 291.45 300.10
ICICIBANK 1010.15 961.38 983.38 996.77 1005.38 1018.77 1027.38 1049.38
IDFC 142.95 132.98 138.38 140.67 143.78 146.07 149.18 154.58
INFOSYSTCH 3042.70 2948.73 2998.23 3020.47 3047.73 3069.97 3097.23 3146.73
ITC 172.65 160.00 165.75 169.20 171.50 174.95 177.25 183.00
JINDALSTEL 664.30 621.93 642.43 653.37 662.93 673.87 683.43 703.93
JPASSOCIAT 82.30 76.60 79.30 80.80 82.00 83.50 84.70 87.40
KOTAKBANK 416.25 387.08 400.48 408.37 413.88 421.77 427.28 440.68
LT 1570.05 1463.00 1517.35 1543.70 1571.70 1598.05 1626.05 1680.40
M&M 661.75 616.27 638.12 649.93 659.97 671.78 681.82 703.67
MARUTI 1260.85 1184.97 1225.82 1243.33 1266.67 1284.18 1307.52 1348.37
NTPC 180.55 166.58 172.78 176.67 178.98 182.87 185.18 191.38
ONGC 263.85 254.45 259.35 261.60 264.25 266.50 269.15 274.05
PNB 1066.60 976.57 1024.27 1045.43 1071.97 1093.13 1119.67 1167.37
POWERGRID 98.05 92.08 94.88 96.47 97.68 99.27 100.48 103.28
RANBAXY 445.80 429.93 437.93 441.87 445.93 449.87 453.93 461.93
RCOM 89.90 83.58 87.03 88.47 90.48 91.92 93.93 97.38
RELCAPITAL 476.30 453.22 464.17 470.23 475.12 481.18 486.07 497.02
RELIANCE 977.05 936.18 955.48 966.27 974.78 985.57 994.08 1013.38
RELINFRA 595.05 564.07 579.12 587.08 594.17 602.13 609.22 624.27
RPOWER 122.90 108.77 114.97 118.93 121.17 125.13 127.37 133.57
SAIL 151.25 142.42 147.22 149.23 152.02 154.03 156.82 161.62
SBIN 2624.15 2493.05 2566.45 2595.30 2639.85 2668.70 2713.25 2786.65
SESAGOA 271.55 256.72 264.02 267.78 271.32 275.08 278.62 285.92
SIEMENS 856.40 832.65 843.40 849.90 854.15 860.65 864.90 875.65
STER 166.05 157.63 161.48 163.77 165.33 167.62 169.18 173.03
SUNPHARMA 416.60 384.87 402.27 409.43 419.67 426.83 437.07 454.47
SUZLON 46.50 43.68 45.13 45.82 46.58 47.27 48.03 49.48
TATAMOTORS 1127.95 1066.65 1100.65 1114.30 1134.65 1148.30 1168.65 1202.65
TATAPOWER 1236.10 1141.53 1183.83 1209.97 1226.13 1252.27 1268.43 1310.73
TATASTEEL 602.75 566.73 585.28 594.02 603.83 612.57 622.38 640.93
TCS 1108.25 1048.13 1078.68 1093.47 1109.23 1124.02 1139.78 1170.33
WIPRO 447.25 417.60 430.95 439.10 444.30 452.45 457.65 471.00

Today’s Levels (7 Mar 2011)

Today’s Levels
(Last Close : Sensex 18486 : Nifty Spot 5539)
Trade short if Sensex fails to sustain above 18509 (Nifty 5547)
[Downside targets/supports at 18449(5524)/18378(5506) or lower]
Trade long if Sensex sustains above 18449 (Nifty 5524)
[Upside targets/resistances at 18509(5547)/18593(5570) or higher]

FOR THE DAY (7 March 2011)

FOR THE DAY: Domestic markets are likely to open on a negative note, after taking cues from the weak US and Asian indices. Trade short in Nifty below 5480 else from 5500 with stop loss of 5520 targeting 5450-5430. Alternatively, trade long in Nifty if it holds above 5520 levels with stop loss of 5500 targeting higher resistances.

FOR THE WEEK (7-11, March 2011)

FOR THE WEEK: The immediate resistance levels for the Sensex and Nifty are at 18600-18730-18950 and 5550-5600-5630, respectively, while the support level is at 18350-18200-18000 and 5460-5400-5350. 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.

Trading Tip (26 June 2009)

Previous Close (25 June 2009): Sensex 14346 : Nifty 4242

Today’s Levels

Trade long if Sensex sustains above 14328 (Nifty 4240)

[Upper targets/resistances at 14398(4272)/14447(4284) or higher]

Trade short if Sensex fails to sustain above 14398 (Nifty 4272)

[Lower targets/supports at 14328(4240)/14212(4196) or lower]