Technical Analysis 15-Feb-11

Market may open with a flat note and is expected to trade sideways, value buying can emerge by noon.

Sensex (18202)

Sensex has resistance at 18300 and 18434 above further upside. Support at 18156, 18073, 18050 and 17888.

NIFTY (5456)

Resistance at 5505 and 5520. Support at 5421 and 5377.

RECOMMENDATIONS

1) MARUTI (1224.1)
   The stock has resistance at 1230 if moves up then it can test 1248 and more. Support at 1212 and 1198 (Buy at lower)

2) SESAGOA (307.8)
   Support at 302 and 298. Resistance at 310 above 314 and more. (Buy at declines)

3) INFOSYS (3104.55)
   The support is at 3098 and 3075. Resistance at 3115 above it can test 3128, 3145 and more. (Buy at declines)

4) RELIANCE INDUSTRIES (914.8)
   Support at 907 below 900. Resistance at 925 above 938 and more. (Buy with a stoploss)

5) BAJAJ AUTO (1298.5)
   Resistance at 1315 above 1345. Support at 1278 and 1263. (Buy at declines)

DERIVATIVE STRATEGIES

BUY TCS FUTURES AT 1102 LEVELS

BUY SUNPHARMA FUTURES AT 419 LEVELS

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