CNX Nifty (CMP 7511):
Worries of deficient
rainfall, Geopolitical tensions arising w.r.t Military activities in Iraq &
Higher WPI numbers has led to indices remaining under pressure & close 0.5%
negative for the week.
In a bit to put the fiscal
reforms on track, Government has bit the bullet & announced an all-round
increase in railway fares with passenger fares increasing by 14.63% &
freight rates increasing by 6.47%. This would help improve the railways
finances in a long way.
Fundamentally, an increase in
the freight rates would lead to increase in cement & coal transportation
rates, which would be passed on to consumers such as power, steel &
infrastructure companies. Increase in Passenger fares will add to 10 basis points
to CPI along with Freight rates likely to see a marginally higher impact on WPI
as cost of transportation of goods such as coal, cement, oil, steel &
food-grains will rise with the Indian Railways accounting for about 35% of
freight traffic in India.
With 7600-7700 CE having
maximum OI of 71-67 Lakhs each & along with 7500-7400 Put having an OI of
54 lakhs & 47 lakhs respectively, 7580-7610 is a key resistance for the
next few sessions & 7450-7470 is key support going forward.
Expect Nifty to find support
around 7450-7470 & till this support zone holds, can recover upto
7610-7620.
Above 7620, the move could
gather further momentum upto 7710-7780.
If Index breaks &
sustains below 7450, would lead a further steeper correction upto 7340-7260
zone.
Weekly Range could be
7450-7610.
Technically, Key Oscillators
RSI, Stochastic & MACD are placed above their respective averages on Weekly
charts but below their respective averages on daily charts. Also RSI &
Stochastic are placed in overbought zone on weekly charts.
Going forward,
Movement of the Markets would
be dictated by FII Fund Flows, development pertaining to ongoing geopolitical
crisis in Iraq, progress of Monsoons, Global Market Trends, movement of Rupee
against the Dollar & Crude oil price movement.
USDINR (CMP 60):
USDINR has taken support
around 58 zone & has weakened upto 60 on account of the uncertainty arising
due to Iraqi military crisis.
Going Forward, Till Rupee
holds 58.75 zone, would once again move upto 62 zone.
BRENT CRUDE ($ 115)
Escalating geo-political
tensions in Iraq has led to a sporadic rise in Brent Crude prices from 107 $ to
115 $ per barrel i.e at a 9-Month high in the past weeks & it has a
big negative impact on the domestic economy as the country is the biggest
importer of Crude Oil. It would increase the burden of Oil Subsidies which
inturn would adversely affect the country’s BOP.
Till the geopolitical crisis
remains unsolved, Brent Crude would finding support around 111 $ & thus if
it holds 111 $, will move upto 118-119 $ zone.
Midcap: (CMP 10574)
NSE Mid-cap CMP 10574 has
witnessed selling pressure from 10900 zone in the past few sessions.
Going Forward 10430 is held,
expect the current medium term uptrend to continue upto 10950 where the current
upmove could end & reversal can be witnessed. Break & sustenance below
10430 with volumes could lead to a retest of 9900-10120 zone.
Small Cap (CMP 9761):
BSE Small-cap CMP 9761 has
witnessed buying on all dips.
Going Forward 9530 is held,
expect this current uptrend to continue upto 9950 where the current upmove
could end & reversal can be witnessed. Stay cautious as RSI on weekly
charts is at extremely overbought zone above 88.
Break & sustenance below
9530 with volumes could lead to a retest of 9350-9200 zone.
VIX (18.84):
VIX in the past 1 week had
steadily moved up from 14 to 18 i.e almost a 30% increase.
Going forward, till 15 zone
holds, it can move upto 21-23 zone. Below 15 would fall to lower levels of
11-10.
On the derivatives front,
• FII’s for the past week
have stayed net sellers in the cash market as well as in derivatives markets
while DII’s have been Net sellers for the week gone by.
• On a Weekly basis In
Index Futures FIIs were Net Sellers to the tune of ` 313 Cr with an open interest
increase of around `740 Cr which indicates Short Build up in Index Futures by
FIIs.
• Nifty PCR_OI has fallen to
0.81 compared to 0.84 week earlier.
• NIFTY 7500-7400 PE
highest OI 54-47 lakh shares, implying 7450-7470, strong support; On
other hand 7500-7600 CE total OI 71 & 67 lakh shares; expected range coming
week 7450-7620.
• Nifty Futures have closed
at a 18 point premium during the last week compared to 17 point a week earlier.
Cumulative FII
Derivatives Stats from 16/05/2014 to 20/06/2014:
Index Futures: -314 Cr;
Index Options: +3952 Cr;
Stock Futures: -1070 Cr;
Stock Options: -314 Cr
Cash Market:
FII: -420 Cr;
DII: -410 Cr.
Cumulative FII
Derivatives Stats from 30/05/2014 to 20/06/2014:
Index Futures: -2812 Cr;
Index Options: +7669 Cr;
Stock Futures: +2213 Cr;
Stock Options: -497 Cr
Cash Market:
FII: +5432 Cr;
DII: -4134 Cr.
IT: Sector Weightage 16.62% in Nifty:
TCS (CMP 2292) - Weightage 5.25% in Nifty.
Stock is in a buy mode & should take support around 2240 zone & if 2240 holds would further move upto 2400 zone. Below 2240, would
retest 2150.
Infosys (CMP 3316) - Weightage 6.77% in Nifty.
Stock is in a buy mode & should take support around 3240 zone & if 3240 holds would further move upto 3420 zone. Below 3240, would
retest 3150.
WIPRO (CMP 537) - Weightage 1.74% in Nifty.
Stock is in a buy mode & should take support around 514 zone & if 514 holds would further move upto 565 zone. Below 514, would
retest 480.
HCLTECH (CMP 1444) - Weightage 1.67% in Nifty.
Stock should take support around 1405-1410 zone & if 1405 holds would further move upto 1498 zone. Below 1405, would retest 1340.
TECH MAHINDRA (CMP 2009):
Stock would face resistance at higher levels along with RSI showing Negative Divergence at higher levels. Thus, till 2050 zone is not
crossed, expect a retest of support zone 1930. Upside upto 2110 if crosses & sustains above 2050.
HEXAWARE (CMP 143):
Stock would face resistance at higher levels. Thus, till 150 zone is not crossed, expect a retest of support zone 132. Upside upto 162 if
crosses & sustains above 150.
OFSS (CMP 2912):
Stock should take support around 2860-2875 zone & if 2860 holds would further move upto 3095 zone. Below 2860, would retest 2780.
Banking / Finance - Sector Weightage 26.46% in Nifty:
CMP 14,997. Last week. Bankex faced resistance around 15,430-15,450 & thus profit booking upto 14850 was witnessed. Now Going
Forward, till 14,750 zone holds, expect the index to witness a small upside upto 15,350-15,400 zone again. However, if it breaks &
sustains below 14,750 zone, 14,350-14,300 would be witnessed.
HDFCBANK (CMP 822) - Weightage 6% in Nifty
Stock would face resistance at higher levels along with RSI showing negative divergence at higher levels. Thus, till 839 zone is not
crossed, expect a retest of support zone 784. Upside upto 865 if crosses & sustains above 839.
SBI (CMP 2583) - Weightage 2.42% in Nifty.
Stock would face resistance at higher levels along with RSI showing negative divergence at higher levels. Thus, till 2630 zone is not
crossed, expect a retest of support zone 2514. Upside upto 2715 if crosses & sustains above 2630.
HDFC (CMP 969) - Weightage 5.81% in Nifty - Q4 Results on 06/05/2014 (Tuesday):
Stock should take support around 940-945 zone & if 940 holds would further move upto 999 zone. Below 940, would retest 898.
ICICI BANK (CMP 1397) - Weightage 6% in Nifty.
Stock should take support around 1365-1370 zone & if 1365 holds would further move upto 1450 zone. Below 1365, would retest 1310.
Axis Bank (CMP 1866) - Weightage 2% in Nifty.
Stock has formed Inverse H&S pattern & should take support around 1820-1830 zone & if 1820 holds would further move upto 1940
zone. Below 1820, would retest 1750.
Kotak Bank (CMP 931) - Weightage 1.3% in Nifty.
Stock should take support around 905-910 zone & if 905 holds would further move upto 970 zone. Below 905, would retest 870.
Bank of Baroda (CMP 813) - Weightage 0.65% in Nifty.
Stock should take support around 810-815 zone & if 810 holds would further move upto 860 zone. Below 810, would retest 788.
PNB (CMP 951) - Weightage 0.5% in Nifty.
Though the stock is in sell mode, Stock should take support around 930-935 zone & if 930 holds would further move upto 990 zone.Below 930, would retest 898.
IDFC (CMP 128) - Weightage 0.69% in Nifty.
Stock should take support around 125-126 zone & if 126 holds would further move upto 136 zone. Below 125, would retest 118.
IndusInd Bank (CMP 555) - Weightage 0.95% in Nifty.
Stock should take support around 535-540 zone & if 535 holds would further move upto 580 zone. Below 535, would retest 510.
L&T Finance (CMP 71):
Stock should take support around 69 zone & if 69 holds would further move upto 77 zone. Below 69, would retest 64.
M&M Finance (CMP 272):
Though the stock is in sell mode, it should take support around 266 zone & if 266 holds would further move upto 290 zone. Below 266,
would retest 236.
LIC Housing Fin (CMP 320):
Stock is in buy zone. Till support 304 holds, can further move upto 345. If does not take support @ 304 & breaks it, Can retest 288 zone.
PFC (CMP 300):
Stock is in buy zone. Till support 286 holds, can further move upto 335. If does not take support @ 286 & breaks it, Can retest 258 zone.
RELIANCE CAPTIAL (CMP 617):
Stock would face resistance at higher levels. Thus, till 635 zone is not crossed, expect a retest of support zone 590. Upside upto 660 if
crosses & sustains above 635.
Shriram Transport Finance (CMP 863):
Stock would face resistance at higher levels. Thus, till 893 zone is not crossed, expect a retest of support zone 800. Upside upto 940 if
crosses & sustains above 893.
ALBK (CMP 126):
Stock would face resistance at higher levels. Thus, till 132 zone is not crossed, expect a retest of support zone 120. Upside upto
140 if crosses & sustains above 132.
ANDHRA BANK (CMP 95):
Stock would face resistance at higher levels. Thus, till 99 zone is not crossed, expect a retest of support zone 88. Upside upto 110 if
crosses & sustains above 99.
BANKINDIA (CMP 281):
Though the stock is in sell mode, it should take support around 270-272 zone & if 270 holds would further move upto 310 zone. Below
270, would retest 246.
CANARA BANK (CMP 422):
Though the stock is in sell mode, it should take support around 408-410 zone & if 408 holds would further move upto 460 zone. Below
408, would retest 380.
DENABANK (CMP 83):
Stock would face resistance at higher levels. Thus, till 87 zone is not crossed, expect a retest of support zone 77. Upside upto 95 if
crosses & sustains above 87.
FEDERAL BANK (CMP 123):
Though the stock is in sell mode, it should take support around 118-119 zone & if 118 holds would further move upto 132 zone. Below
118, would retest 110.
IDBI (CMP 101):
Stock would face resistance at higher levels. Thus, till 106 zone is not crossed, expect a retest of support zone 94. Upside upto 115 if
crosses & sustains above 106.
IOB (CMP 76):
Though the stock is in sell mode, it should take support around 73 zone & if 73 holds would further move upto 83 zone. Below 73, would
retest 67.
KARNATAKA BANK (CMP 113):
Stock would face resistance at higher levels. Thus, till 135-136 zone is not crossed, expect a retest of support zone 122. Upside upto 146
if crosses & sustains above 135.
ORIENTAL BANK (CMP 301):
Though the stock is in sell mode, it should take support around 290-293 zone & if 290 holds would further move upto 324 zone. Below
290, would retest 268.
SYNDICATE BANK (CMP 152):
Stock would face resistance at higher levels. Thus, till 156-158 zone is not crossed, expect a retest of support zone 142. Upside upto 170
if crosses & sustains above 158.
UCOBANK (CMP 99):
Though the stock is in sell mode, it should take support around 95-96 zone & if 95 holds would further move upto 110 zone. Below 95,
would retest 86.
UNIONBANK (CMP 220):
Stock would face resistance at higher levels. Thus, till 230-232 zone is not crossed, expect a retest of support zone 203. Upside upto 260
if crosses & sustains above 232.
YES BANK (CMP 543):
Stock should take support around 524-530 zone & if 524 holds would further move upto 585 zone. Below 524, would retest 495.
IFCI (CMP 40):
Stock should take support around 37 zone & if 37 holds would further move upto 37 zone. Below 37, would retest 32
OIL & GAS - Sector Weightage 12.3% in Nifty:
Reliance (CMP 1036) - Weightage 6.93% in Nifty.
Though the stock is in sell mode, it should take support around 1023-1025 zone & if 1023 holds would further move upto 1070 zone.
Below 1023, would retest 1000.
ONGC (CMP 417) - Weightage 3% in Nifty.
Though the stock is in sell mode, it should take support around 400-405 zone & if 400 holds would further move upto 445 zone. Below
400, would retest 380.
CAIRN (CMP 372) - Weightage 1 % in Nifty.
Stock has formed Inverse Head & Shoulder pattern & should take support around 364-366 zone & if 364 holds would further move upto
400 zone. Below 364, would retest 340.
GAIL (CMP 439) - Weightage 0.82% in Nifty.
Stock would face resistance at higher levels along with RSI showing negative divergence at higher levels. Thus, till 453 zone is not
crossed, expect a retest of support zone 410. Upside upto 470 if crosses & sustains above 453.
BPCL (CMP 552) - Weightage 0.56% in Nifty.
Stock would face resistance at higher levels. Thus, till 570 zone is not crossed, expect a retest of support zone 533-534. Upside upto 600
if crosses & sustains above 570.
HPCL (CMP 388):
Though the stock is in sell mode, it should take support around 379-380 zone & if 379 holds would further move upto 415 zone. Below
379, would retest 350.
IGL (CMP 333):
Though the stock is in sell mode, it should take support around 323-324 zone & if 323 holds would further move upto 360 zone. Below
323, would retest 300.
IOC (CMP 323):
Stock would face resistance at higher levels. Thus, till 338 zone is not crossed, expect a retest of support zone 298. Upside upto 365 if
crosses & sustains above 338.
PETRONET (CMP 167):
Stock is in a buy mode & should take support around 160 zone & if 160 holds would further move upto 185 zone. Below 160, would
retest 145.
FMCG - Sector Weightage 12.35% in Nifty:
ITC (CMP 336) - Weightage 8.49% in Nifty.
Stock is in buy mode & should take support around 327 zone & if 327 holds would further move upto 360 zone. Below 327, would retest
310.
HUL (CMP 624) - Weightage 2.76% in Nifty.
Though the stock is in sell mode, it should take support around 610 zone & if 610 holds would further move upto 660 zone. Below 610,
would retest 560.
Asian Paints (CMP 568) - Weightage 1.1% in Nifty.
Stock is in buy mode & should take support around 551 zone & if 551 holds would further move upto 600 zone. Below 551, would retest
520.
BATA INDIA (CMP 1184):
Though the stock is in sell mode, it should take support around 1160 zone & if 1160 holds would further move upto 1230 zone. Below
1160, would retest 1105.
COLPAL (CMP 1555):
Stock is in buy mode & should take support around 1520 zone & if 1520 holds would further move upto 1610 zone. Below 1520, would
retest 1460.
DABUR (CMP 189):
Stock is in buy mode & should take support around 184 zone & if 184 holds would further move upto 196 zone. Below 184, would retest
170.
GODREJ IND (CMP 337):
Stock would face resistance at higher levels. Thus, till 347 zone is not crossed, expect a retest of support zone 319. Upside upto 369 if
crosses & sustains above 347.
MCDOWELL (CMP 2680): 52
Though the stock is in sell mode, it should take support around 2615 zone & if 2615 holds would further move upto 2800 zone. Below
2615, would retest 2500.
MCLOED RUSSEL (CMP 293):
Stock should take support around 285 zone & if 285 holds would further move upto 310 zone. Below 285, would retest 265.
TATA GLOBAL (CMP 162):
Though the stock is in sell mode, it should take support around 157 zone & if 157 holds would further move upto 180 zone. Below 157,
would retest 145.
TITAN (CMP 334):
Stock should take support around 317 zone & if 317 holds would further move upto 360 zone. Below 317, would retest 295.
AUTO - Sector Weightage 9% in Nifty:
Tata Motors (CMP 438) - Weightage 3.81% in Nifty.
Though the stock is in sell mode, it should take support around 423 zone & if 423 holds would further move upto 464 zone. Below 423,
would retest 400.
Bajaj Auto (CMP 218) - Weightage 1.3% in Nifty.
Stock is in Buy mode & should take support around 2130 zone & if 2130 holds would further move upto 2300 zone. Below 2130, would
retest 2040.
Maruti (CMP 2366) - Weightage 1% in Nifty.
Stock would face resistance at higher levels. Thus, till 2410 zone is not crossed, expect a retest of support zone 2250. Upside upto 2515
if crosses & sustains above 2410.
M&M (CMP 1144) - Weightage 1.9% in Nifty.
Stock would face resistance at higher levels. Thus, till 1178 zone is not crossed, expect a retest of support zone 1080. Upside upto 1230
if crosses & sustains above 1178.
Hero Motors (CMP 2521) - Weightage 1% in Nifty.
Stock would face resistance at higher levels. Thus, till 2570 zone is not crossed, expect a retest of support zone 2450. Upside upto 2675
if crosses & sustains above 2570.
APOLLO TYRES (CMP 192):
Stock would face resistance at higher levels. Thus, till 201 zone is not crossed, expect a retest of support zone 178. Upside upto 219 if
crosses & sustains above 201.
BHARAT FORGE (CMP 579):
Stock is in Buy mode & should take support around 555-560 zone & if 555 holds would further move upto 620 zone. Below 555, would
retest 525.
EXIDE (CMP 140):
Though the stock is in sell mode, it should take support around 136 zone & if 136 holds would further move upto 152 zone. Below 136,
would retest 124.
TATA MOTOR DVR (CMP 316):
Stock is in Buy mode & should take support around 298 zone & if 298 holds would further move upto 360 zone. Below 298, would retest
270.
PHARMA - Sector Weightage 5.25% in Nifty:
Sun Pharma (CMP 631) - Weightage 2% in Nifty.
Stock would face resistance at higher levels. Thus, till 651 zone is not crossed, expect a retest of support zone 600. Upside upto 684 if
crosses & sustains above 651.
Lupin (CMP 999) - Weightage 1% in Nifty.
Stock is in Buy mode & should take support around 972-975 zone & if 972 holds would further move upto 1035 zone. Below 972, would
retest 936.
Dr Reddy (CMP 2439) - Weightage 1.42% in Nifty.
Stock is in Buy mode & should take support around 2400-2410 zone & if 2400 holds would further move upto 2600 zone. Below 2400,
would retest 2320.
Cipla (CMP 425) - Weightage 0.86% in Nifty.
Stock would face resistance at higher levels. Thus, till 438 zone is not crossed, expect a retest of support zone 400. Upside upto 464 if
crosses & sustains above 438.
Ranbaxy (CMP 469):
Stock would face resistance at higher levels. Thus, till 486 zone is not crossed, expect a retest of support zone 445. Upside upto 510 if
crosses & sustains above 486.
AUROBINDO PHARMA (CMP 619):
Stock would face resistance at higher levels. Thus, till 709 zone is not crossed, expect a retest of support zone 667. Upside upto 740 if
crosses & sustains above 709.
BIOCON (CMP 489):
Stock should take support around 470 zone & if 470-475 holds would further move upto 520 zone. Below 470, would retest 436.
DIVIS LAB (CMP 1324):
Stock would face resistance at higher levels. Thus, till 1360 zone is not crossed, expect a retest of support zone 1270. Upside upto 1410 if crosses & sustains above 1360.
GLENMARK (CMP 575):
Stock is in Buy mode & should take support around 550-555 zone & if 550 holds would further move upto 550 zone. Below 550, would
retest 520.
Apollo Hospitals (CMP 984):
Stock is in Buy mode & should take support around 950-955 zone & if 950 holds would further move upto 1030 zone. Below
950, would retest 890.
METALS - Sector Weightage 2.37% in Nifty:
SSLT (CMP 292) - Weightage 0.3% in Nifty.
Stock would face resistance at higher levels with RSI showing negative divergence at higher levels. Till 304 zone is not crossed, expect a
retest of support zone 260. Upside upto 330 if crosses & sustains above 304.
NMDC (CMP 174) - Weightage 0.47% in Nifty.
Stock would face resistance at higher levels with forming Head & Shoulder Pattern. Till 179 zone is not crossed, expect a retest of
support zone 160. Upside upto 193 if crosses & sustains above 179.
Tata Steel (CMP 520) - Weightage 1% in Nifty.
Though the stock is in sell mode, it should take support around 500 zone & if 500 holds would further move upto 555 zone. Below 500,
would retest 470.
Jindal Steel (CMP 318) - Weightage 0.50% in Nifty.
Though the stock is in sell mode, it should take support around 305 zone & if 305 holds would further move upto 345 zone. Below 305,
would retest 280.
HINDALCO (CMP 164) – Weightage 0.8% in Nifty.
Stock would face resistance at higher levels with RSI showing negative divergence at higher levels. Till 169 zone is not crossed, expect a
retest of support zone 154. Upside upto 180 if crosses & sustains above 169.
HINDZINC (CMP 163):
Though the stock is in sell mode, it should take support around 158 zone & if 158 holds would further move upto 172 zone. Below 158,
would retest 145.
JSWSTEEL (CMP 1220):
Stock would face resistance at higher levels. Thus, till 1248 zone is not crossed, expect a retest of support zone 1180. Upside upto 1300
if crosses & sustains above 1248.
SAIL (CMP 94):
Stock would face resistance at higher levels. Thus, till 98 zone is not crossed, expect a retest of support zone 88. Upside upto 105 if
crosses & sustains above 98.
POWER - Sector Weightage 2.60% in Nifty:
NTPC (CMP 152) - Weightage 1.08% in Nifty.
Though the stock is in sell mode, it should take support around 146-148 zone & if 146 holds would further move upto 168 zone. Below
146, would retest 135.
Power Grid (CMP 132) - Weightage 0.84% in Nifty.
Though the stock is in sell mode, it should take support around 127-128 zone & if 127 holds would further move upto 145 zone. Below
127, would retest 117.
Tata Power (CMP 101) - Weightage 0.7% in Nifty.
Stock would face resistance at higher levels. Thus, till 105 zone is not crossed, expect a retest of support zone 93. Upside upto 115 if
crosses & sustains above 105.
CESC (CMP 596):
Stock would face resistance at higher levels along with RSI showing negative divergence at higher levels. Thus, till 619 zone is not
crossed, expect a retest of support zone 564. Upside upto 655 if crosses & sustains above 619.
PTC (CMP 88):
Stock would face resistance at higher levels. Thus, till 91 zone is not crossed, expect a retest of support zone 83. Upside upto 100 if
crosses & sustains above 91. However, around 83-84 it would be a very good buy for an upside upto 95.
REC (CMP 344):
Stock has formed Inverse Head & Shoulder pattern & should take support around 329-330 zone & if 329 holds would further move upto
375 zone. Below 329, would retest 300.
REL INFRA (CMP 726):
Stock would face resistance at higher levels. Thus, till 747 zone is not crossed, expect a retest of support zone 683. Upside upto 850 if
crosses & sustains above 747.
RPOWER (CMP 103):
Though the stock is in sell mode, it should take support around 99 zone. Till 99 holds, expect the stock to move up towards 114 zone.
Below 99, stock would resume its downtrend towards 89 zone.
ADANI POWER (CMP 59):
Though the stock is in sell mode, it should take support around 55-56 zone & if 55 holds would further move upto 65 zone. Below 55,
would retest 51.
JSWENERGY (CMP 73):
Though the stock is in sell mode, it should take support around 70-71 zone. Till 70 holds, expect the stock to move up towards 84 zone.
Below 70, stock would resume its downtrend towards 63 zone.
CAPITAL GOODS - Sector Weightage 5.30% in Nifty:
LT (CMP 1648) – Weightage 4.57% in Nifty.
Stock would face resistance at higher levels. Thus, till 1680 zone is not crossed, expect a retest of support zone 1580. Upside upto 1735
if crosses & sustains above 1680.
BHEL (CMP 239) - Weightage 0.73% in Nifty.
Stock should take support around 232-233 zone & if 232 holds would further move upto 255 zone. Below 232, would retest 210.
CROMPTON GREAVES (CMP 192):
Stock would face resistance at higher levels. Thus, till 199 zone is not crossed, expect a retest of support zone 179. Upside upto 215 if
crosses & sustains above 199.
SIEMENS (CMP 890):
Stock would face resistance at higher levels. Thus, till 914 zone is not crossed, expect a retest of support zone 839. Upside upto 955 if
crosses & sustains above 914.
VOLTAS (CMP 215):
Stock would face resistance at higher levels. Thus, till 224 zone is not crossed, expect a retest of support zone 199. Upside upto 245 if
crosses & sustains above 224.
TELECOM - Sector Weightage 1.62% in Nifty:
Bharti Airtel (CMP 339) – Weightage 1.62% in Nifty.
Though the stock is in sell mode, it should take support around 328 zone & if 328 holds would further move upto 360 zone. Below 328,
would retest 310.
IDEA (CMP 139):
Stock is in Buy zone. Till 133 holds, expect the stock to move up towards 156 zone. Below 133, stock would correct towards 123 zone.
RCOM (CMP 149):
Though the stock is in sell mode, it should take support around 144 zone & if 144 holds would further move upto 160 zone. Below 144,
would retest 131.
TATA COMMUNICATIONS (CMP 364):
Stock has formed Inverse Head & Shoulder pattern & should take support around 343-350 zone & if 343 holds would further move upto
410 zone. Below 343, would retest 310.
CEMENT - Sector Weightage 2.94% in Nifty:
Ultra Tech (CMP 2725) - Weightage 1% in Nifty.
Stock would face resistance at higher levels. Thus, till 2766 zone is not crossed, expect a retest of support zone 2620. Upside upto 2845
if crosses & sustains above 2766.
Ambuja Cement (CMP 218) - Weightage 0.66% in Nifty.
Stock would face resistance at higher levels. Thus, till 225 zone is not crossed, expect a retest of support zone 205. Upside upto 240 if
crosses & sustains above 225.
Grasim (CMP 3501) - Weightage 0.78% in Nifty.
Stock would face resistance at higher levels. Thus, till 3570 zone is not crossed, expect a retest of support zone 3390. Upside upto 3650
if crosses & sustains above 3570.
ACC (CMP 1439) - Weightage 0.50% in Nifty.
Stock would face resistance at higher levels. Thus, till 1470 zone is not crossed, expect a retest of support zone 1390. Upside upto 1540
if crosses & sustains above 1470.
JP Associates (CMP 71) –
Stock would face resistance at higher levels. Thus, till 74 zone is not crossed, expect a retest of support zone 66. Upside upto 80 if
crosses & sustains above 74.
CENTURY TEXTILES (CMP 526):
Stock could face resistance at higher levels. Till 546 zone is not crossed, expect a retest of support zone 490. Upside upto 575 if crosses
& sustains above 546.
INDIA CEMENTS (CMP 109):
Stock could face resistance at higher levels. Till 114 zone is not crossed, expect a retest of support zone 100. Upside upto 125 if crosses
& sustains above 114.
REAL ESTATE - Sector Weightage 0.33% in Nifty:
DLF (CMP 208) - Weightage 0.33% in Nifty.
Though the stock is in sell mode, it should take support around 200-201 zone & if 200 holds would further move upto 220 zone. Below
200, would retest 187.
HDIL (CMP 90):
Stock is facing resistance at higher levels. Thus, till 95 zone is not crossed, expect a retest of support zone 84. Upside upto 110 if crosses
& sustains above 95.
IBREAL EST (CMP 93):
Though the stock is in sell mode, it should take support around 89-90 zone & if 89 holds would further move upto 99 zone. Below 89,
would retest 80.
UNITECH (CMP 33):
Stock would take support around 31 zone & if 31 holds would further move upto 36-38 zone where this current rally could terminate.
Below 31, would retest 25.
Others – 0.70%:
COAL INDIA (CMP 386) - Weightage 0.70% in Nifty.
Though the stock is in sell mode, MFI is showing positive divergence, it should take support around 375 zone & if 375 holds would
further move upto 420 zone. Below 375, would retest 340.
ADANI ENT (CMP 449):
Stock is facing resistance at higher levels. Thus, till 465 zone is not crossed, expect a retest of support zone 420. Upside upto 490 if
crosses & sustains above 465.
ADANI PORTS (CMP 193):
Though the stock is in sell mode, it should take support around 223 zone & if 223 holds would further move upto 260 zone. Below 223,
would retest 210.
HAVELLS (CMP 1103):
Stock is facing resistance at higher levels. Thus, till 1130 zone is not crossed, expect a retest of support zone 1050. Upside upto 1170 if
crosses & sustains above 1130.
JUST DIAL (CMP 1415):
Stock would take support around 1370-1375 zone & if 1370 holds would further move upto 1470 zone where this current rally could
terminate. Below 1370, would retest 1320.
JAIN IRRIGATION (CMP 115):
Stock should take support around 107-108 zone & if 107 holds would further move upto 123 zone. Below 107, would retest 98.
JUBILANT FOODS (CMP 1195):
Though the stock is in sell mode, it should take support around 1168 zone & if 1168-1172 holds would further move upto 1260 zone.
Below 1168, would retest 1120.
IRB (CMP 205):
Though the stock is in sell mode, it should take support around 195 zone & if 195 holds would further move upto 224 zone. Below 195,
would retest 180.
GMR INFRA (CMP 33):
Stock would face resistance at higher levels. Thus, till 35 zone is not crossed, expect a retest of support zone 30. Upside upto 39 if
crosses & sustains above 35.
TEXTILES:
ARVIND (CMP 214):
Stock would face resistance at higher levels. Thus, till 222 zone is not crossed, expect a retest of support zone 200. Upside upto 236 if
crosses & sustains above 222.
ABNUVO (CMP 1362):
Stock would face resistance at higher levels along with forming H&S pattern. Thus, till 1396 zone is not crossed, expect a retest of
support zone 1300. Upside upto 1450 if crosses & sustains above 1396.
FERTILIZERS:
TATA CHEM (CMP 326):
Stock would face resistance at higher levels. Thus, till 335-338 zone is not crossed, expect a retest of support zone 310. Upside upto 360
if crosses & sustains above 338.
UPL (CMP 312):
Stock would face resistance at higher levels along with MFI & Stochastic showing negative divergence. Thus, till 322-326 zone is not
crossed, expect a retest of support zone 292. Upside upto 346 if crosses & sustains above 326.
MEDIA:
DISH TV (CMP 55):
Stock has formed Inverse Head & Shoulder pattern & should take support around 52-53 zone & if 52 holds would further move upto 60
zone. Below 52, would retest 48.
SUNTV (CMP 430):
Stock is in Buy mode & should take support around 413-417 zone & if 413 holds would further move upto 459 zone. Below 413, would
retest 389.
ZEE LTD (CMP 284):
Stock is in Buy mode & should take support around 270-273 zone & if 270 holds would further move upto 309 zone. Below 270, would
retest 245.
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