Markets may open with a firm note and is expected to trade higher in the morning but slight one must expect slight profit booking in the later part of the day.
Sensex (18022)
Sensex has resistance at 18092, 18246, 18270 and 18345. Support at 18000 and 17972.
NIFTY (5417)
Resistance at 5443, 5458, 5480, 5508 and 5520. Support at 5400, 5385, 5365 and 5348.
RECOMMENDATIONS
1) RADICO KHAITAN - (136)Support at 133 and 129. Resistance at 138 above it can test 141 and 149 (Buy at declines)
2) PANACEA BIOTECH (193.2)Support at 190 and 182. Resistance at 196 above it can test 201 and 208. (Buy for short term)
3) RCF (80.2)Support at 78 and 76.1. Resistance at 81.5 above it can test 83 and 87. (Buy for short term)
4) AXIS BANK (1242)Support at 1230 below 1215. Resistance at 1250 above 1255 and 1278. (Buy at declines)
5) SIEMENS (848)Support at 843 and 835. Resistance at 855 if moves up it can test 862. (Buy for delivery)
DERIVATIVE STRATEGIES
SELL BHARTI FUTURES AROUND 325 LEVELS
BUY SAIL FUTURES AROUND 158 LEVELS
Sensex (18022)
Sensex has resistance at 18092, 18246, 18270 and 18345. Support at 18000 and 17972.
NIFTY (5417)
Resistance at 5443, 5458, 5480, 5508 and 5520. Support at 5400, 5385, 5365 and 5348.
RECOMMENDATIONS
1) RADICO KHAITAN - (136)Support at 133 and 129. Resistance at 138 above it can test 141 and 149 (Buy at declines)
2) PANACEA BIOTECH (193.2)Support at 190 and 182. Resistance at 196 above it can test 201 and 208. (Buy for short term)
3) RCF (80.2)Support at 78 and 76.1. Resistance at 81.5 above it can test 83 and 87. (Buy for short term)
4) AXIS BANK (1242)Support at 1230 below 1215. Resistance at 1250 above 1255 and 1278. (Buy at declines)
5) SIEMENS (848)Support at 843 and 835. Resistance at 855 if moves up it can test 862. (Buy for delivery)
DERIVATIVE STRATEGIES
SELL BHARTI FUTURES AROUND 325 LEVELS
BUY SAIL FUTURES AROUND 158 LEVELS
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