Our markets are expected to open with a flat note and are expected to trade sideways. Low level value buying can also be seen in the later part of the day.
Sensex (18090)Sensex has resistance at 18191, 18246, 18300 and 18342. Support at 17989 and 17882.
NIFTY (5432)Resistance at 5460, 5482, 5490 and 5516. Support at 5415, 5397, 5375 and 5360.
RECOMMENDATIONS
1) JAI CORP (169)
The stock is weak and is having support at 164 and 160. Resistance at 174 above it can test 180 (Buy for medium term delivery)
2) GITANJALI GEMS (202.45)
Support at 197 and 192. Resistance at 207 above it can test 215. (Buy for short term)
3) GREAT OFFSHORE (297)
The stock is weak below 305 and is having support only at 286.5. Resistance at 312.
4) VOLTAS (187.55)
Support at 185 below 181. Resistance at 192 above 198. (Buy at declines in small quantities)
5) WOCHARDT LTD (379.45)
Support at 372 and 365. Resistance at 387 and 390. (Buy with a long term perspective)
DERIVATIVE STRATEGIES
BUY HINDALCO FUTURES AROUND 230 LEVELS
BUY STERLITE FUTURES AROUND 164 LEVELS
Sensex (18090)Sensex has resistance at 18191, 18246, 18300 and 18342. Support at 17989 and 17882.
NIFTY (5432)Resistance at 5460, 5482, 5490 and 5516. Support at 5415, 5397, 5375 and 5360.
RECOMMENDATIONS
1) JAI CORP (169)
The stock is weak and is having support at 164 and 160. Resistance at 174 above it can test 180 (Buy for medium term delivery)
2) GITANJALI GEMS (202.45)
Support at 197 and 192. Resistance at 207 above it can test 215. (Buy for short term)
3) GREAT OFFSHORE (297)
The stock is weak below 305 and is having support only at 286.5. Resistance at 312.
4) VOLTAS (187.55)
Support at 185 below 181. Resistance at 192 above 198. (Buy at declines in small quantities)
5) WOCHARDT LTD (379.45)
Support at 372 and 365. Resistance at 387 and 390. (Buy with a long term perspective)
DERIVATIVE STRATEGIES
BUY HINDALCO FUTURES AROUND 230 LEVELS
BUY STERLITE FUTURES AROUND 164 LEVELS
No comments:
Post a Comment