PARSADAM STOCK MARKET PARK

• BIG BOSS

LITTLE MASTER VIKAS PARSHURAM SAMWATSARE

STERLITE INDUSTRIES
In today's trading session the stock crosses its resistance level and made a high of 168.55.The stock was up by more than 3.5%. It has next resistance level at 170 and support level at 164. In short term it is expected to remain positive and to test its resistance level. One may hold long position in it till it breaks its support level at 164.
Resistance2-  171.27,  Resistance1-  169.73,  Pivot Point  167.02,
Support1-  165.48,  Support2-  162.77

IDFC
IDFC showed positive side movement in today's trading session and made intraday high of 131.55. The stock now has resistance level at 134 and support level at 122. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2-  134.65,  Resistance1-  132.85,  Pivot Point  129.75,
Support1-  127.95,  Support2-  124.85
HDFC BANK
The stock showed a continuous up movement during the trading hour after breaking its resistance at 2440 and marked a high of 2499 and ended on a positive note. The stock is now facing resistance at 2530 and has support at 2452 which is the 10 day moving average if the stock. A further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.
Resistance2-  2539.68,  Resistance1-  2516.37,  Pivot Point  2475.68,
Support1-  2452.37,  Support2-  2411.68
ONGC
ONGC was trading in a short term down trend and in today's trading a negative opening made it to trade and close below it 10 days moving averages. The stock has a resistance level of 290 and support at 276.It is looking bearish in the coming trading session; one can go for short position in it at 276 for the target of 250.
Resistance2-  292.57,  Resistance1-  285.53,  Pivot Point  281.12,
Support1-  274.08,  Support2-  269.67
BAJAJ AUTO LTD.
The stock is currently moving in a sideways trend. One should now wait for crossing of either side in the stock.
Resistance2-  1436.65,  Resistance1-  1420.3,  Pivot Point  1402.65,
Support1-  1386.3,  Support2-  1368.65

ITC
ITC crossed its resistance level in today's trading session and made intraday high of 199.95. The stock may take resistance from the level of 202 and it has support level at 193. In short term it is expected to consolidate with positive biasness.
Resistance2-  205.75,  Resistance1-  202.85,  Pivot Point  199.85,
Support1-  198.15,  Support2-  194.35
Buy ITC above Rs 200
Target Rs 205
Stop Loss Rs 195.

SKF India
Buy SKF above Rs 667
Target Rs 690
Stop Loss Rs 650.

Pfizer Ltd
Sell Pfizer below 1482
Targets - 1465 - 1448 - 1430
Stop Loss Rs 1515.

Market Review:-
Today Indian markets traded on a strong note with huge gains than in previous sessions and ended higher. Strong cues from Asian markets and sustained buying by foreign investors, helped the markets to trade in green and with good volumes. Today Sugar sector also traded with broad gains, Metals, FMCG and banks today also leads the rally. Nifty managed to cross and then close at 5600. Sensex shut shop at 18709 which was up by 217 points from the previous close. CNX Midcap index was also up by 0.5% as BSE Smallcap index too traded well and was up by 1%. Tomorrow some volatile movements may be seen as Nifty June future expiry on Thursday. Today's Top Gainers were Sterlite Industries with +3.54%, IDFC with +3.44%, ITC Ltd. with +2.94%, Hindustan Unilever L with +2.84%, HDFC Bank with +2.73%. Top Loosers were ONGC with -1.91%, Bajaj Auto Ltd. with -1.29%, Jaiprakash Associates with -1.27%, Jaiprakash Associates with -1.27%, GAIL (India) Ltd. with -1.05%.


Nifty Futures:-
On the other hand, Nifty traded well and showed good strength to close in green with good volumes. As tomorrow is expiry of Nifty Futures June therefore some volatile movements may be seen. Today Nifty futures finally shut up at 5604.10resistance level of 5625 or below the support level of 5490 then it would be in a downward trend. which was up by 55.08 points or 0.99 %. It is expected to continue it's bullish trend in coming trading session if it would be able to manage to trade above the

Resistance and Support Levels for Thursday:-

It has resistance close to the level of 5625 & above this level the next resistance is near the 5726 mark. It has support close to the level of 5564 & below this level the next support is near the 5440 mark.


Bank Nifty Futures:-
Today Bank Nifty Futures also traded in green with good volumes. CNX Bank Index gained 99.30 points or 0.90 %. Amongst the banking stocks Development Credit Bank, HDFC Bank and Lakshmi Vilas Bank were the leaders of the rally.
Bank Nifty Futures settled and closed at 11206.40 which was up by 105.35 or 0.95 %. It is expected to continue it's bullish trend in the coming trading session if it would be able to manage to trade above the resistance level of 11240 or below the support level of 10990 then it would be in a downward trend.

Resistance and Support Levels for Thursday:-

It has resistance close to the level of 11240 above this level the next resistance is near to the level of 11730. It has support close to the level of 10990 & below this level the next support is near 10810 marks.








COPYRIGHT :-VIKAS PARSHURAM SAMWATSARE JUNE 11