Monday, May 23, 2011

BIG BOSS VIKAS P SAMWATSARE AND MRS VARSHA VIKAS SAMWATSARE

BIG BOSS
VIKAS PARSHURAM SAMWATSARE


Due to investors weak sentiments amid expectations of further rise in interest rates, The NSE benchmark index closed below crucial 5400 Mark. The S&P CNX Nifty ended at 5386.55, down -99.80 points or 1.82 %.
The Nifty futures closed and settled finally at 5382, up by -102.60 points or 1.87 %. It is looking bearish in the coming trading session if it manages to trade support level of 5350 else above resistance level of 5440 it would be in an upward trend.
It has resistance close to the level of 5440 & above this level the next resistance near the 5540 mark. It has support close to the level of 5350 & below this level the next support near 5230 mark.


In banking, CNX Bank Index gained -295.85 points or -2.77 %. Amongst the banking stocks Canara Bank, Central Bank and ICICI Bank lead the row.Bank Nifty Futures shut stop at 10330 down by -336.25 points or -3.15 %. It is looking bearish in the coming trading session if it manages to trade support level of 10260 else above resistance level of 10600 it would be in an upward trend.
It has resistance close to the level of 10600 above this level the next resistance near to the level of 10750. It has support close to the level of 10260 & below this level the next support near 10000 marks.

ACC
The stock had consolidated throughout this week after a steep downfall previously. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
Resistance2-  999.88,  Ressistance1-  982.92,  Pivot Point  972.83,
Support1-  955.87,  Support2-  945.78

BAJAJ AUTO
The stock is currently consolidating in a range. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock while support is at 1280, breach of this level may take it downward.
Resistance2-  1334.27,  Resistance1-  1319.63,  Pivot Point  1308.37,
Support1-  1293.73,  Support2-  1282.47

CIPLA
The stock had a correction in today's trading session. One could hold the long positions in the stock as it is expected to continue its uptrend in coming trading sessions and may move till the levels of 320-322 in near term. z
Resistance2-  321.1,  Resistance1-  315.3,  Pivot Point  310.2, 
Support1-  304.4,  Support2-  299.3

DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  230.07,  Resistance1-  226.28,  Pivot Point  223.82,
Support1-  220.03,  Support2-  217.57

GAIL INDIA
After a continuous down rally in the stock a recovery was seen in the stock during the trading hours but the stock was not able to sustain around its resistance of 435. The stock is now facing resistance at 439 and has support at 418. Break of support may take the stock further down.
Resistance2-  455.3,  Resistance1-  445.65,  Pivot Point  429.15,
Support1-  419.5,  Support2-  403

 Nifty Futures
Sell Nifty Futures below Rs 5,357
Target Rs 5,327-5,303
Stop Loss above Rs 5,387.

Bank Nifty Futures

Sell Bank Nifty Futures below Rs 10,330
Target Rs 10,260-10,210
Stop Loss above Rs 10,400.

Buy
M&M
Target  692 - 696.
stop loss  678


GOLD (JUN)
TREND
Consolidate
RESISTANCE 2
22830
RESISTANCE 1
22540
SUPPORT 1
22000
SUPPORT 2
21800
STRATEGY
Buy on dips


SILVER (JUL)
TREND
Consolidate
RESISTANCE 2
55450
RESISTANCE 1
54300
SUPPORT 1
52230
SUPPORT 2
51350
STRATEGY
Buy on dips


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