Stocks in News (RELIANCE,SBI,SESAGOA,UniTech,Rolta)

[insight]

INTRADAY CALLS

RELIANCE: (closing 1095)

Remain above 1040 buying opportunity for the target of 1130 1140. Below 1040 may touch 1000.

SBI: (closing 2335)

Closing above 2320 is important its near term targets will be 2400 2450. Major support level for the stock will be 2280 below that may touch 2220 2190.

ICICIBANK: (closing 879)

If you are our regular visitor then you must remember, we are continuously saying that no fresh buy below 920, below that may touch 870 850, we hope that you followed

us. Above 920 major resistance will be 950 970.

SESAGOA : (closing 377)

Stock is in bullish move once maintain above 355 buy for the target of 400 405, below 355 may touch 330 325.

UNITECH: (closing 90.55)

Once maintain above 92 then only fresh buy for the target of 96 98, below 92 major support will be 84 82.

ROLTA: (closing 183.95)

Buying opportunity for the target of 188 192, remain above 177, below 177 major support will be 172 170.

RANBAXY: (closing 510)

Remain above 490 next resistance will be 520 530. Below 490 major support will be 480 470.

CALL/ PUT STRATEGY

NIFTY: nifty 5000 5100 calls best opportunity to trade.

Areva T&D
Hold Price: Rs283 Target Price (Dec’10) Rs285

GMR INFRA
Weekly Trend Decider 66Volume chart indicate, something cooking in this counter, above 71 likely sharp move in this counter. Trading range 60 to 71....... SUPER HOT

BUY TODAY.

ONGC

Lower level support are 1100-1110 and decline to buying opportunity. Real strength show only above 1215. Weekly Trend Decider 1163. Hold 1185..... short sell will

danger and injurious to your financial health.

TISCO

Weekly Trend Decider 547. Looks rally are over.....keep a stop loss 590 and rise selling opportunity. (Just check ----yesterday high.......

APTECH LTD :Stop loss 175 and play for long side

DLF, ICICI BANK, INFOSYS

Selling opportunity, if break Their support level.


Note: More intra-day opportunities will be provided live during the market hours ......

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[insight]

HOW TO TRADE NIFTY FUTURE TODAY

Strong volatile last week due to financial crises in Dubai resulted big sell
off in world market including our market and tested a low of 4806, but lower level valuation again emerged and smart money was come into the
market and resulted on itnra day basis strong recovery and resulted
closed at 4941. We may consider in coming trading session it will face
resistance 5000, on reversal selling opportunity, higher level resistance
are 5150-5180 likely continue. Trade with cautious approach and hedge
your position by way of call/put options in either side.

On Wednesday, small trading was observed and high was 5161 and low

was 5112, but unable to surpass 5180. finally managed to close at 5115

against the discount of spot Nifty 5123.

Weekly trend decider are 4958 and real show only above that level and it

will face resistance 5116-5180, thereafter sharp recovery can not be ruled

out, down side support are 4789-4800-4631.

Today support are 5090, Decisively below only further weakness and

It will test 5041,

Higher level resistance 5170-5190, thereafter do not remain short.

NSE

Today support are 5100, decisively break with volume down side target are

5080-5060-5050, higher level resistance are 5150-5180, Close above 5180

one side movement. Weekly trend decider 4963.


BSE

Today : Down side strong support 17100, crossover 17360, immediate

target 17400-17450. Weekly trend decider 16691

FO ANALYSIS

In option segment 5200 and 5300 call saw very active and sharp

accumulation in open interest indicating the further cap of the market,

whereas down side 5000 put added open interest indicate down side

support level and correction on the card.

In stock future Tata Steel, Reliance and SBI was the most active counters,

on the other hand Unitech, Suzlon witnessed shed in open interest due to

profit booking . Sesa Goa was the strongest counter and added substantial

open interest position. Some stock also showed tremendous interest and

accumulation of long like, Polarias, Hindustan Zinc, Rolta, Moser Bare, Rel

Infra and Voltas, coming days all are positive and decline to buying

opportunity.

FIIs are very active in Reliance Power Call option from 135 to 160 and

added in substantial open interest and expected that coming days 5 to 10%

movement can not be ruled out.

FIIS to FIIs trade are very positive in banking stocks and they are buying

Union Bank of with a premium along with Grasim, Bank of India and Bank

of Baroda.

CNX IT

CNX IT: Over all trend is still bullish as remain hold 5000 mark, higher it

will face resistance are 5471-5670, down side support are 5121-4970.

Weekly Trend Decider 5320.OUR TARGET ARE 5700 +


BANK NIFTY

BANK NIFTY: Trend is mixed and last week low was 8591, and strong
bounce back and closed at 8900 above. Over all trend is still bullish sign
but confirmation only above 9000 if hold with volume. Down side support
8543-8146, higher level resistance 9300-9700 range and should be watch
out please. 8946.

Major resistance 9350-9360, thereafter over all buying in banking stocks.