Intraday Tips

TATA POWER:

Weekly Trend Decider 1327. Trading range are 1300-1350, break and crossover in either side ... above 1350 close eye.... And sharp move.....target 1380-1400.

RELIANCE:

Weekly Trend Decider 2117 . Today going to Ex Bonus.... We may consider support are 1000 and advise to invest in this stock at current level or some decline and hold next 12 to 24 months target are 2000 +.
DLF :Weekly Trend Decider 373. Higher level resistance 385-390,below weakness continue and down side target are 350 or below..... Today resistance are 375....

BALRAMPURCHINI

Weekly Trend Decider 137.Strong reversal from the lower level... higher level resistance are 135, and support are 130. Down side major support 120 and it should not break under any circumstances.

SBI:

Weekly Trend Decider 2316. Big move on the card, with consider support are 2300-2270 range... and buying opportunity.

AXIS BANK:

Weekly Trend Decider 990. Today support 980 and resistance are 1028.... Thereafter do not remain short. Today catch it.....

ITC :

Keep a stop loss 260 and play for long side target 290 +

GSPL :

Above 90, non stop target are 100-105 mark and play for long side.

• Bank Of India Nov. Future (Rs. 393)

Buy only on a move above 394 with a stop loss
below 389 for an intra-day target of 404.

• Axis Bank Nov. Future (Rs. 1018)

Buy only on a move above 1018 with a stop loss
below 1004 for an intra-day target of 1038.

Nifty Future + Bank Nifty + CNX IT:

Nifty Future : On week to week basis, strong reversal were seen on Friday trading and almost closed with a green. Overall we may consider support are 4900-4890, below it will test 4840 and major support are 4750. Ultimate target are 5150-5180-5200.

Yesterday on intrad day high was 5138, due to short covering

But some selling pressure emerged at mid session and tested low 5078

But finally closed at 5111.....

Nifty rolled total 64% in next series.

Today hurdle are 5145, crossover think only show power.

Thereafter it will test 5174-5190.,

Down side support are exit 5090,below immediate target 5060,

Then over all selling pressure will be emerged which will take

Up to 5000 near where as strong buying force come in the market.

Over all Nifty are in a trading range with low volume,

We advise to traders, best way to avoid today due to FO expiry.

Bank Nifty : Trend is still is bullish. Any decline to buying opportunity with consider support 8800-8700. Weekly trend decider 5150 In the Bank Nifty, the December series are traded at premium to November indicating good carry over and bullish sign .

CNX IT : Today support are 5350, higher level resistance are 5500, above more up side. Weekly Trend Decider 5455.OUR TARGET ARE 5700 + . We think that it could gain if the rupee goes lower again.

NIFTY :

Over all trend is up and it high of 5079 with extremely volatile. We may expected that the strong support are 4740, as long as hold possible target are higher level 5150-5180-5300 or above. We advise to readers, any decline or panic should be accumulate and excellent buying opportunity. Over all in the Indian market, global cues would be play a important role, as far as the sentiment is concerned, some economic data is also due in the coming week which is watch out.

Today support are 5080, below it will come down up to 5050, higher level resistance are 5140, 5150-5180 expected. Weekly trend decider 5021.

BSE:

BSE: Short term trend of the Market are remain positive as hold 16000 level, but higher level it will face strong resistance 17400-17500, successfully crossover and closed above another bull move which may go beyond 18500-19000. Long term trend are still good and we expect in 2010 it will test new high.

Today : As remain 17000, bull move and target are 17400-17500 target.Weekly trend decider 16918.

Dow : Last week Dow recorded a fresh move and almost tested new high of 10438 which is almost achieved . As remain up trend, next intermediate target likely 11000-11300-11500 in near term. On the other hand we consider support 10000 and major support are 9500, below deeper correction can not be ruled out.

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