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 (SENSEX-30) for 08-03-2011

08-03-2011 Pivot Point (SENSEX-30) BSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
BAJAJAUT 1361.55 1301.33 1330.98 1346.27 1360.63 1375.92 1390.28 1419.93
BHARTIARTL 323.95 309.10 316.05 320.00 323.00 326.95 329.95 336.90
BHEL 2018.05 1891.48 1964.28 1991.17 2037.08 2063.97 2109.88 2182.68
CIPLA 305.30 295.12 299.87 302.58 304.62 307.33 309.37 314.12
DLF 218.20 207.98 213.23 215.72 218.48 220.97 223.73 228.98
HDFC 665.45 639.38 653.28 659.37 667.18 673.27 681.08 694.98
HDFCBANK 2177.35 2075.72 2126.22 2151.78 2176.72 2202.28 2227.22 2277.72
HEROHONDA 1529.90 1466.63 1498.63 1514.27 1530.63 1546.27 1562.63 1594.63
HINDALCO 209.65 202.07 205.82 207.73 209.57 211.48 213.32 217.07
HUL 281.45 265.45 274.15 277.80 282.85 286.50 291.55 300.25
ICICIBANK 1007.70 963.90 983.90 995.80 1003.90 1015.80 1023.90 1043.90
INFOSYS 3037.70 2944.63 2995.83 3016.77 3047.03 3067.97 3098.23 3149.43
ITC 172.55 159.93 165.68 169.12 171.43 174.87 177.18 182.93
JAIPRA 82.30 76.80 79.40 80.85 82.00 83.45 84.60 87.20
JINDALSTEEL 663.95 622.90 643.15 653.55 663.40 673.80 683.65 703.90
LNT 1567.55 907.10 1294.55 1431.05 1682.00 1818.50 2069.45 2456.90
MARUTI 1264.70 1190.65 1229.60 1247.15 1268.55 1286.10 1307.50 1346.45
MNM 660.30 379.60 543.10 601.70 706.60 765.20 870.10 1033.60
NTPC 179.60 167.72 173.17 176.38 178.62 181.83 184.07 189.52
ONGC 263.90 253.78 259.13 261.52 264.48 266.87 269.83 275.18
RCOM 90.05 17.62 54.92 72.48 92.22 109.78 129.52 166.82
RELINFRA 595.25 565.37 579.82 587.53 594.27 601.98 608.72 623.17
RIL 976.15 938.45 956.25 966.20 974.05 984.00 991.85 1009.65
SBI 2622.80 2503.22 2570.87 2596.83 2638.52 2664.48 2706.17 2773.82
STERLITEIND 165.85 157.83 161.58 163.72 165.33 167.47 169.08 172.83
TATAMOTORS 1127.25 1064.92 1099.82 1113.53 1134.72 1148.43 1169.62 1204.52
TATAPOWER 1230.35 1158.73 1190.98 1210.67 1223.23 1242.92 1255.48 1287.73
TATASTL 602.85 570.40 587.05 594.95 603.70 611.60 620.35 637.00
TCS 1108.75 1046.82 1078.52 1093.63 1110.22 1125.33 1141.92 1173.62
WIPRO 446.20 421.15 432.40 439.30 443.65 450.55 454.90 466.15

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]

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]