CNX Nifty (CMP 7230):
Last Week, Nifty retested the prior highs of 7500, faced
resistance there, formed a double top & thus witnessed consolidation with a
negative bias leading the Index to correct upto 7230 zone.
With 7000 PE having maximum OI of 35 Lakhs each & along
with 7400-7500 Call having an OI of 37 lakhs & 46 lakhs respectively,
7330-7340 is a key resistance for the next few sessions.
Till Nifty does not cross 7340, it can retest support zone
of 7120-7130. Only on cross-over & sustenance above 7340, it would move
upto 7460-7515.
Break below 7120, could lead to retest of 7010-6950.
Weekly Range could be 7120-7340.
Technically, Technical Oscillators RSI, Stochastic &
MACD are placed below their respective averages on daily charts while being
placed above their respective averages on Weekly Charts..
However RSI is in overbought zone on the Weekly Charts would
lead to some profit booking at higher levels.
Focus has shifted to the quality mid-caps & small-caps
where the next round of wealth is being created. However since RSI is in
overbought zone for both Mid-Cap as well as Small Cap indices, Look to buy only
high quality stocks on dips.
Going forward,
Movement of the Markets would be dictated by FII Fund Flows,
Global Market Trends, ongoing India Q4FY14 Corporate results along with future
earnings guidance, movement of Rupee against the Dollar & crude oil price
movement.
USDINR (CMP 59.1):
Rupee had strengthened to 58.50 zone a week earlier on
account of the relentless FII flows. However last Week, it has taken support
around 58.30 zone & traded in a tight range between 58.30 – 59.50.
Going Forward, Till Rupee holds 58 zone, would once again
move upto 60.50-61 zone.
Further Strengthening of Rupee would be extremely beneficial
to importers & to those companies that have US Dollar Denominated Loans, thus
would be having a statutory impact on their bottom-line.
However we feel that around 57.50-58 levels RBI would step
in & start buying Dollars so that USDINR finds support & stabilizes
around 58 which is very crucial for the exports which have almost sunk to a
greater extent during the last 5-6 months.
BRENT CRUDE ($ 110)
Brent Crude has weakened from 117 $ to 107/110 $ per barrel
in the past few weeks & it has a big positive impact on the domestic
economy as the country is the biggest importer of Crude Oil. It would even
reduce the burden of Oil Subsidies which inturn would shape a better picture of
the country’s BOP.
Strengthening of Rupee along with falling crude prices would
lead to a massive improvement in the fundamentals of the economy which would
inturn improve the economic sentiment tremendously.
Midcap: (CMP 10141)
BSE Small-cap CMP 10141 witnessed some profit booking from
higher levels & retested support zone of 10000, however closed around 10141
zone down 3%.
Going Forward 10000 is held, expect this current uptrend to
continue upto 10500 where the current upmove could end & reversal can be
witnessed. Break & sustenance below 10000 with volumes could lead to a
retest of 9400-9220 zone.
Small Cap (CMP 9015):
BSE Small-cap CMP 9015 witnessed some profit booking from
higher levels & retested support zone of 8700, however closed around 9000
zone down 1.5%.
Going Forward 8900 is held, expect this current uptrend to
continue upto 9400 where the current upmove could end & reversal can be
witnessed. Stay cautious as RSI on daily as well as weekly charts is at
extremely overbought zone above 85.
Break & sustenance below 8900 with volumes could lead to
a retest of 8650-8500 zone.
VIX (16.3):
VIX in the past 1 Month had vertically moved up from 15 to
40 i.e almost a 150% increase prior to Event led uncertainty.
However in the previous week gone by it crashed to sub 15
levels. Going forward, till 13 zone holds, it can move upto 20-22 zone. Below
13 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 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 Buyers
to the tune of ` 1176 Cr with an open interest decrease of around `10996 Cr
which indicates Short Covering in Index Futures by FIIs.
• Post Expiry, Nifty PCR_OI has fallen to 0.69 compared to
0.81 week earlier.
• NIFTY 7000 PE highest OI 35 lakh shares, implying
7120-7140, strong support; On other hand 7400-7500 CE total OI 37 & 46 lakh
shares; expected range coming week 7120-7350.
• Nifty Futures have closed at a 1 point premium during the
last week compared to 7 points a week earlier.
Cumulative FII
Derivatives Stats from 26/05/2014 to 30/05/2014:
Index Futures: +1177 Cr;
Index Options: +1249 Cr;
Stock Futures: -5143 Cr;
Stock Options: -36 Cr
Cash Market:
FII: -1554 Cr;
DII: -388 Cr.
IT: Sector Weightage 16.62% in Nifty:
TCS (CMP 2145) - Weightage 5.25% in Nifty.
Stock should take support around 2090 zone & if 2090 holds would further move upto 2240 zone. Below 2090, would retest 2000.
Infosys (CMP 2943) - Weightage 6.77% in Nifty.
Stock has entered sell mode. Till 3040 zone is not crossed, expect a retest of support zone 2780. Upside upto 3170 if crosses & sustains
above 3040.
WIPRO (CMP 506) - Weightage 1.74% in Nifty.
Stock has formed an Inverse H&S pattern along with RSI showing positive divergence at lower levels. Hence, Stock should take support
around 485-490 zone & if 485 holds would further move upto 540 zone. Below 485, would retest 450.
HCLTECH (CMP 1426) - Weightage 1.67% in Nifty.
Stock should take support around 1375-1380 zone & if 1375 holds would further move upto 1500 zone. Below 1375, would retest 1310.
TECH MAHINDRA (CMP 1925):
Stock should take support around 1860-1870 zone & if 1840 holds would further move upto 1995 zone. Below 1870, would retest 1795.
HEXAWARE (CMP 144):
Stock has formed an Inverse H&S pattern along with RSI showing positive divergence at lower levels. Stock should take support around
138-139 zone & if 138 holds would further move upto 156 zone. Below 138, would retest 128.
OFSS (CMP 2825):
Stock has entered sell mode. Till 2930 zone is not crossed, expect a retest of support zone 2650. Upside upto 3050 if crosses & sustains
above 2930.
Banking / Finance - Sector Weightage 26.46% in Nifty:
CMP 14,793. Last week. Bankex is witnessing selling pressure on rises with RSI showing negative divergence at higher levels.
Now Going Forward, till 15,100 zone holds, expect the index to witness a small correction upto 14,100-14,250 zone again. However, if it
breaches & sustains above 15,100 zone, 15,750-15,900 would be witnessed.
HDFCBANK (CMP 793) - Weightage 6% in Nifty
Stock would face resistance at higher levels. Thus, till 820 zone is not crossed, expect a retest of support zone 750. Upside upto 868-875
if crosses & sustains above 820.
SBI (CMP 2535) - Weightage 2.42% in Nifty.
Stock would face resistance at higher levels. Thus, till 2600-2610 zone is not crossed, expect a retest of support zone 2430. Upside upto
2730-2780 if crosses & sustains above 2610.
HDFC (CMP 879) - Weightage 5.81% in Nifty - Q4 Results on 06/05/2014 (Tuesday):
Stock would face resistance at higher levels. Thus, till 900 zone is not crossed, expect a retest of support zone 830. Upside upto 935-950
if crosses & sustains above 900.
ICICI BANK (CMP 1407) - Weightage 6% in Nifty.
Stock would face resistance at higher levels. Thus, till 1465-1470 zone is not crossed, expect a retest of support zone 1340. Upside upto
1560-1580 if crosses & sustains above 1470.
Axis Bank (CMP 1828) - Weightage 2% in Nifty.
Stock would face resistance at higher levels. Thus, till 1875-1885 zone is not crossed, expect a retest of support zone 1740. Upside upto
1960-1980 if crosses & sustains above 1885.
Kotak Bank (CMP 863) - Weightage 1.3% in Nifty.
Stock would face resistance at higher levels. Thus, till 890 zone is not crossed, expect a retest of support zone 850. Upside upto 938 if
crosses & sustains above 890.
Bank of Baroda (CMP 840) - Weightage 0.65% in Nifty.
Stock would face resistance at higher levels with forming a Head & Shoulder pattern. Thus, till 875 zone is not crossed, expect a retest of
support zone 780. Upside upto 940-960 if crosses & sustains above 875.
PNB (CMP 942) - Weightage 0.5% in Nifty.
Stock would face resistance at higher levels. Thus, till 970-975 zone is not crossed, expect a retest of support zone 910. Upside upto
1009 if crosses & sustains above 975.
IDFC (CMP 126) - Weightage 0.69% in Nifty.
Stock would face resistance at higher levels. Thus, till 133 zone is not crossed, expect a retest of support zone 118. Upside upto 145 if
crosses & sustains above 133.
IndusInd Bank (CMP 531) - Weightage 0.95% in Nifty.
Stock would face resistance at higher levels with RSI showing negative divergence at higher levels. Till 561 zone is not crossed, expect a
retest of support zone 502. Upside upto 598 if crosses & sustains above 561.
L&T Finance (CMP 72):
Stock would face resistance at higher levels. Thus, till 75 zone is not crossed, expect a retest of support zone 66. Upside upto 82 if
crosses & sustains above 75-76.
M&M Finance (CMP 304):
Stock should take support around 281 zone & if 281 holds would further move upto 310 zone. Below 281, would retest 268.
LIC Housing Fin (CMP 318):
Stock is in buy zone. Till support 308 holds, can further move upto 350. If does not take support @ 308 & breaks it, Can retest 288 zone.
PFC (CMP 291):
Stock would face resistance at higher levels. Thus, till 303-306 zone is not crossed, expect a retest of support zone 273. Upside upto 325
if crosses & sustains above 306.
RELIANCE CAPTIAL (CMP 528):
Stock should take support around 512-515 zone & if 512 holds would further move upto 585 zone. Below 512, would retest 480.
Shriram Transport Finance (CMP 947):
Stock should take support around 920 zone & if 920 holds would further move upto 985 zone. Below 920, would retest 870.
ALBK (CMP 126):
Stock would face resistance at higher levels. Thus, till 132 zone is not crossed, expect a retest of support zone 119. Upside upto
145 if crosses & sustains above 132.
ANDHRA BANK (CMP 95):
Stock would face resistance at higher levels after forming a Double top along with RSI showing Negative Divergence at higher levels.
Thus, till 98-99 zone is not crossed, expect a retest of support zone 89. Upside upto 110 if crosses & sustains above 99.
BANKINDIA (CMP 344.70):
Stock would face resistance at higher levels with forming a H&S pattern. Thus, till 320-323 zone is not crossed, expect a retest of
support zone 275. Upside upto 360 if crosses & sustains above 323.
CANARA BANK (CMP 415):
Stock would face resistance at higher levels with forming a H&S pattern. Thus, till 430-435 zone is not crossed, expect a retest of
support zone 370. Upside upto 480 if crosses & sustains above 435.
DENABANK (CMP 82):
Stock would face resistance at higher levels. Thus, till 86 zone is not crossed, expect a retest of support zone 74. Upside upto 95 if
crosses & sustains above 86.
FEDERAL BANK (CMP 117):
Stock would face resistance at higher levels. Thus, till 120-121 zone is not crossed, expect a retest of support zone 105. Upside upto 132
if crosses & sustains above 121.
IDBI (CMP 93):
Stock should take support around 90-91 zone & if 90 holds would further move upto 104 zone. Below 90, would retest 80.
IOB (CMP 77):
Stock would face resistance at higher levels with RSI & Stochastic showing negative divergence at higher levels. Thus, till 81 zone is not
crossed, expect a retest of support zone 70. Upside upto 90 if crosses & sustains above 81.
KARNATAKA BANK (CMP 135):
Stock would face resistance at higher levels. Thus, till 139-140 zone is not crossed, expect a retest of support zone 122. Upside upto 154
if crosses & sustains above 140.
ORIENTAL BANK (CMP 339):
Stock would face resistance at higher levels. Thus, till 356-360 zone is not crossed, expect a retest of support zone 310. Upside upto 387
if crosses & sustains above 360.
SYNDICATE BANK (CMP 141):
Stock would face resistance at higher levels with forming a H&S pattern. Thus, till 146-147 zone is not crossed, expect a retest of
support zone 130. Upside upto 160 if crosses & sustains above 147.
UCOBANK (CMP 104):
Stock would face resistance at higher levels with forming a H&S pattern. Thus, till 107-108 zone is not crossed, expect a retest of
support zone 93. Upside upto 120 if crosses & sustains above 108.
UNIONBANK (CMP 205):
Stock would face resistance at higher levels with forming a H&S pattern. Thus, till 215-217 zone is not crossed, expect a retest of
support zone 193. Upside upto 235 if crosses & sustains above 217.
YES BANK (CMP 568):
Stock should take support around 543-545 zone & if 543 holds would further move upto 595 zone. Below 543, would retest 510.
IFCI (CMP 36):
Stock should take support around 35 zone & if 35 holds would further move upto 41 zone. Below 35, would retest 32
OIL & GAS - Sector Weightage 12.3% in Nifty:
Reliance (CMP 1066) - Weightage 6.93% in Nifty.
Stock would face resistance at higher levels. Thus, till 1087-1090 zone is not crossed, expect a retest of support zone 1003. Upside upto
1145 if crosses & sustains above 1090.
ONGC (CMP 380) - Weightage 3% in Nifty.
Stock should take support around 365-370 zone & if 365 holds would further move upto 402 zone. Below 365, would retest 340.
CAIRN (CMP 339) - Weightage 1 % in Nifty.
Stock would face resistance at higher levels. Thus, till 345-347 zone is not crossed, expect a retest of support zone 325. Upside upto 375
if crosses & sustains above 347.
GAIL (CMP 379) - Weightage 0.82% in Nifty.
Stock should take support around 365-370 zone & if 365 holds would further move upto 402 zone. Below 365, would retest 340.
BPCL (CMP 519) - Weightage 0.56% in Nifty.
Stock would face resistance at higher levels with RSI showing negative divergence at higher levels. Till 543 zone is not crossed, expect a
retest of support zone 496. Upside upto 574 if crosses & sustains above 543.
HPCL (CMP 399):
Stock would face resistance at higher levels with forming a H&S pattern. Thus, till 415-417 zone is not crossed, expect a retest of
support zone 372. Upside upto 445 if crosses & sustains above 417.
IGL (CMP 323):
Stock is in Buy mode. Stock should take support around 308-310 zone & if 308 holds would further move upto 349 zone. Below 308,
would retest 295.
IOC (CMP 360):
Stock would face resistance at higher levels. Thus, till 375 zone is not crossed, expect a retest of support zone 335. Upside upto 405 if
crosses & sustains above 375.
PETRONET (CMP 155):
Stock has formed an Inverse Head & Shoulder Pattern & should take support around 153-155 zone & if 148 holds would further move
upto 172 zone. Below 148, would retest 143.
FMCG - Sector Weightage 12.35% in Nifty:
ITC (CMP 342) - Weightage 8.49% in Nifty.
Though the stock is in sell mode, it should take support around 334 zone & if 334 holds would further move upto 365 zone. Below 334,
would retest 310.
HUL (CMP 597) - Weightage 2.76% in Nifty.
Stock is in buy mode & should take support around 588 zone & if 588 holds would further move upto 630 zone. Below 588, would retest
550.
Asian Paints (CMP 505) - Weightage 1.1% in Nifty.
Stock has closed around its crucial support. Thus if it manages to hold 495-500 zone, would further move upto 535 zone. Below 495,
would retest 465.
BATA INDIA (CMP 1161):
Stock is in Buy mode. Stock should take support around 1125-1130 zone & if 1125 holds would further move upto 1230 zone. Below
1125, would retest 1070.
COLPAL (CMP 1385):
Stock should take support around 1355-1360 zone & if 1355 holds would further move upto 1440 zone. Below 1355, would retest 1300.
DABUR (CMP 186):
Stock is in Buy mode along with RSI showing positive divergence. Stock should take support around 180-182 zone & if 180 holds would
further move upto 210 zone. Below 180, would retest 165.
GODREJ IND (CMP 297):
Stock has closed around its crucial support. Thus if it manages to hold 284-286 zone, would further move upto 315 zone. Below 284,
would retest 260.
MCDOWELL (CMP 2821):
Stock is in buy zone & has formed an Inverse Head & Shoulder Pattern & should take support around 2760 zone & if 2760 holds would
further move upto 2890 zone. Below 2760, would retest 2680.
MCLOED RUSSEL (CMP 268):
Stock would face resistance at higher levels. Till 275 zone is not crossed, expect a retest of support zone 256 Upside upto 300 if crosses
& sustains above 275.
TATA GLOBAL (CMP 149):
Stock should take support around 144-145 zone & if 144 holds would further move upto 160 zone. Below 144, would retest 130.
TITAN (CMP 311):
Stock would face resistance at higher levels with MFI showing negative divergence at higher levels. Till 325 zone is not crossed, expect a
retest of support zone 285. Upside upto 360 if crosses & sustains above 325
AUTO - Sector Weightage 9% in Nifty:
Tata Motors (CMP 415) - Weightage 3.81% in Nifty.
Stock would face resistance at higher levels. Thus, till 432 zone is not crossed, expect a retest of support zone 390. Upside upto 460 if
crosses & sustains above 432.
Bajaj Auto (CMP 1946) - Weightage 1.3% in Nifty.
Stock would face resistance at higher levels. Thus, till 1990 zone is not crossed, expect a retest of support zone 1874. Upside upto 2075
if crosses & sustains above 1990.
Maruti (CMP 2266) - Weightage 1% in Nifty.
Stock would face resistance at higher levels. Thus, till 2330 zone is not crossed, expect a retest of support zone 2200. Upside upto 2415
if crosses & sustains above 2330.
M&M (CMP 1233) - Weightage 1.9% in Nifty.
Stock is in Buy mode & should take support around 1200-1205 zone & if 1200 holds would further move upto 1285 zone. Below 1200,
would retest 1140.
Hero Motors (CMP 2344) - Weightage 1% in Nifty.
Stock is in Buy mode & should take support around 2300-2305 zone & if 2300 holds would further move upto 2450 zone. Below 2300,
would retest 2180.
APOLLO TYRES (CMP 176):
Stock would face resistance at higher levels with forming H&S pattern. Thus, till 183 zone is not crossed, expect a retest of support zone
166. Upside upto 205 if crosses & sustains above 183.
BHARAT FORGE (CMP 502):
Stock would face resistance at higher levels along with RSI, MFI & Stochastic showing negative divergence at higher levels. Thus, till 519
zone is not crossed, expect a retest of support zone 476. Upside upto 565 if crosses & sustains above 519.
EXIDE (CMP 140):
Stock is in Buy mode & should take support around 136-138 zone & if 136 holds would further move upto 160 zone. Below 136, would
retest 128.
TATA MOTOR DVR (CMP 258):
Stock would face resistance at higher levels. Thus, till 266 zone is not crossed, expect a retest of support zone 240. Upside upto 280 if
crosses & sustains above 266.
PHARMA - Sector Weightage 5.25% in Nifty:
Sun Pharma (CMP 610) - Weightage 2% in Nifty.
Stock is in Buy mode & should take support around 588 zone & if 588 holds would further move upto 640 zone. Below 588, would retest
550.
Lupin (CMP 936) - Weightage 1% in Nifty.
Stock is in Buy mode & should take support around 914-920 zone & if 914 holds would further move upto 980 zone. Below 914, would
retest 870.
Dr Reddy (CMP 2455) - 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 384) - Weightage 0.86% in Nifty.
Stock is in Buy mode & should take support around 375 zone & if 375 holds would further move upto 410 zone. Below 375, would retest
350.
Ranbaxy (CMP 445):
Stock is in Buy mode & should take support around 430-435 zone & if 430 holds would further move upto 470 zone. Below 430, would
retest 400.
AUROBINDO PHARMA (CMP 653):
Stock is in Buy mode & should take support around 640-645 zone & if 640 holds would further move upto 730 zone. Below 640, would
retest 590.
BIOCON (CMP 438):
Stock should take support around 426 zone & with RSI showing positive divergence at lower levels & if 426 holds would further move
upto 480 zone. Below 426, would retest 400.
DIVIS LAB (CMP 1270):
Stock is in Buy mode & RSI is showing positive divergence at lower levels. Hence, should take support around 1240-1250 zone & if 1240
holds would further move upto 1330 zone. Below 1240, would retest 1170.
GLENMARK (CMP 552):
Stock is in Buy mode & should take support around 530-540 zone & if 530 holds would further move upto 590 zone. Below 530, would
retest 490.
METALS - Sector Weightage 2.37% in Nifty:
SSLT (CMP 279) - Weightage 0.3% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 268-270 zone & if 268 holds would further move upto 299 zone. Below 268, would retest 249.
NMDC (CMP 178) - Weightage 0.47% in Nifty.
Stock would face resistance at higher levels with RSI showing negative divergence at higher levels. Till 178 zone is not crossed, expect a
retest of support zone 150. Upside upto 192 if crosses & sustains above 178.
Tata Steel (CMP 474) - Weightage 1% in Nifty.
Stock is in Buy zone. Till 462 holds, expect the stock to move up towards 513 zone. Below 462, stock would resume its downtrend
towards 431 zone.
Jindal Steel (CMP 298) - Weightage 0.50% in Nifty.
Stock is in Buy zone. Till 286 holds, expect the stock to move up towards 326 zone. Below 286, stock would resume its downtrend
towards 268 zone.
HINDALCO (CMP 147) – Weightage 0.8% in Nifty.
Stock is in Buy zone. Till 143 holds, expect the stock to move up towards 162 zone. Below 143, stock would resume its downtrend
towards 129 zone.
HINDZINC (CMP 156):
Stock is in Buy zone. Till 150 holds, expect the stock to move up towards 182 zone. Below 150, stock would resume its downtrend
towards 139 zone.
JSWSTEEL (CMP 1211):
Stock is in Buy zone. Till 1180 holds, expect the stock to move up towards 1280 zone. Below 1180, stock would resume its downtrend
towards 1129 zone.
SAIL (CMP 87):
Stock would face resistance at higher levels. Thus, till 91 zone is not crossed, expect a retest of support zone 78. Upside upto 99 if
crosses & sustains above 91.
POWER - Sector Weightage 2.60% in Nifty:
NTPC (CMP 161) - Weightage 1.08% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 152-154 zone & if 152 holds would further move upto 176 zone. Below 152, would retest 138.
Power Grid (CMP 122) - Weightage 0.84% in Nifty.
Stock would face resistance at higher levels with forming a Head & Shoulder pattern. Thus, till 126 zone is not crossed, expect a retest
of support zone 108. Upside upto 139 if crosses & sustains above 126.
Tata Power (CMP 104) - Weightage 0.7% in Nifty.
Stock is in Buy zone. Till 99-100 holds, expect the stock to move up towards 114 zone. Below 99, stock would resume its downtrend
towards 90 zone.
CESC (CMP 577):
Stock would face resistance at higher levels. Thus, till 594 zone is not crossed, expect a retest of support zone 548. Upside upto 620 if
crosses & sustains above 594.
PTC (CMP 86):
Stock would face resistance at higher levels. Thus, till 90 zone is not crossed, expect a retest of support zone 78. Upside upto 100 if
crosses & sustains above 90.
REC (CMP 320):
Stock would face resistance at higher levels. Thus, till 335 zone is not crossed, expect a retest of support zone 290. Upside upto 360 if
crosses & sustains above 335.
REL INFRA (CMP 691):
Stock should take support around 669-670 zone & if 669 holds would further move upto 726 zone. Below 669, would retest 630.
RPOWER (CMP 94):
Stock would face resistance at higher levels. Thus, till 98 zone is not crossed, expect a retest of support zone 89. Upside upto 105 if
crosses & sustains above 98.
ADANI POWER (CMP 60):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 57-58 zone & if 57 holds would further move upto 73 zone. Below 57, would retest 49.
JSWENERGY (CMP 73):
Stock is in Buy 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 1545) – Weightage 4.57% in Nifty.
Stock is in Buy zone. Till 1520 holds, expect the stock to move up towards 1660 zone. Below 1520, stock would correct towards 1440
zone.
BHEL (CMP 242) - Weightage 0.73% in Nifty.
Stock should take support around 236-237 zone & if 236 holds would further move upto 265 zone. Below 236, would retest 210.
CROMPTON GREAVES (CMP 182):
Stock would face resistance at higher levels. Thus, till 188 zone is not crossed, expect a retest of support zone 169. Upside upto 205 if
crosses & sustains above 188.
SIEMENS (CMP 861):
Stock would face resistance at higher levels. Thus, till 894 zone is not crossed, expect a retest of support zone 829. Upside upto 925 if
crosses & sustains above 894.
VOLTAS (CMP 187):
Stock should take support around 180-182 zone & if 180 holds would further move upto 198 zone. Below 180, would retest 160.
TELECOM - Sector Weightage 1.62% in Nifty:
Bharti Airtel (CMP 344) – Weightage 1.62% in Nifty.
Stock is in Buy zone. Till 334 holds, expect the stock to move up towards 370 zone. Below 334, stock would correct towards 310 zone.
IDEA (CMP 138):
Stock is in Buy zone. Till 130 holds, expect the stock to move up towards 160 zone. Below 130, stock would correct towards 118 zone.
RCOM (CMP 136):
Stock would face resistance at higher levels. Thus, till 141 zone is not crossed, expect a retest of support zone 129. Upside upto 155 if
crosses & sustains above 141.
TATA COMMUNICATIONS (CMP 348):
Stock is in Buy Mode and should take support around 335-338 zone. Till support 328 holds, can further move upto 380. If does not take
support @ 335 & breaks it, Can retest 308 zone.
CEMENT - Sector Weightage 2.94% in Nifty:
Ultra Tech (CMP 2382) - Weightage 1% in Nifty.
Stock would face resistance at higher levels. Thus, till 2430 zone is not crossed, expect a retest of support zone 2300. Upside upto 2505
if crosses & sustains above 2430.
Ambuja Cement (CMP 217) - Weightage 0.66% in Nifty.
Though the stock is in sell mode, Stock should take support around 205-206 zone & if 205 holds would further move upto 227 zone.
Below 205, would retest 194.
Grasim (CMP 3195) - Weightage 0.78% in Nifty.
Stock is in Buy Mode and should take support around 3140-3150 zone. Till support 3150 holds, can further move upto 3300. If does not
take support @ 3150 & breaks it, Can retest 2980 zone.
ACC (CMP 1337) - Weightage 0.50% in Nifty.
Stock could face resistance at higher levels. Till 1368 zone is not crossed, expect a retest of support zone 1290. Upside upto 1405 if
crosses & sustains above 1368.
JP Associates (CMP 73) –
Stock is in Buy Mode and should take support around 70-71 zone. Till support 70 holds, can further move upto 80. If does not take
support @ 70 & breaks it, Can retest 64 zone.
CENTURY TEXTILES (CMP 478):
Stock could face resistance at higher levels. Till 496 zone is not crossed, expect a retest of support zone 440. Upside upto 525 if crosses
& sustains above 496.
INDIA CEMENTS (CMP 100):
Stock should take support around 96-97 zone & if 96 holds would further move upto 110 zone. Below 96, would retest 88.
REAL ESTATE - Sector Weightage 0.33% in Nifty:
DLF (CMP 210) - Weightage 0.33% in Nifty.
Stock should take support around 202-203 zone & if 202 holds would further move upto 235 zone. Below 202, would retest 180.
HDIL (CMP 91):
Stock is facing resistance at higher levels. Thus, till 95-96 zone is not crossed, expect a retest of support zone 80. Upside upto 110 if
crosses & sustains above 96.
IBREAL EST (CMP 86):
Stock is facing resistance at higher levels. Thus, till 91 zone is not crossed, expect a retest of support zone 77. Upside upto 98 if crosses
& sustains above 91.
UNITECH (CMP 27.75):
Stock would take support around 25 zone & if 257 holds would further move upto 34 zone where this current rally could terminate.
Below 25, would retest 20.
Others – 0.70%:
COAL INDIA (CMP 371) - Weightage 0.70% in Nifty.
Stock would face resistance at higher levels. Thus, till 385 zone is not crossed, expect a retest of support zone 350. Upside upto 410 if
crosses & sustains above 385.
ADANI ENT (CMP 479):
Stock would once take support around 460 zone & if 460 holds would further move upto 504 zone where this current rally could
terminate. Below 460, would retest 433.
ADANI PORTS (CMP 193):
Stock would find support around 215 zone & if 215 holds would further move upto 244 zone where this current rally could terminate.
Below 215, would retest 210.
HAVELLS (CMP 970):
Stock would once take support around 940 zone & if 940 holds would further move upto 1014 zone where this current rally could
terminate. Below 940, would retest 893.
JUST DIAL (CMP 1407):
Stock would take support around 1365-1370 zone & if 1365 holds would further move upto 1470 zone where this current rally could
terminate. Below 1365, would retest 1320.
JAIN IRRIGATION (CMP 111):
Stock should take support around 107-108 zone & if 107 holds would further move upto 119 zone. Below 107, would retest 98.
JUBILANT FOODS (CMP 1161):
Stock would take support around 1135-1140 zone & if 1135 holds would further move upto 1207 zone where this current rally could
terminate. Below 1135, would retest 1075.
IRB (CMP 190):
Stock would face resistance at higher levels. Thus, till 207 zone is not crossed, expect a retest of support zone 180. Upside upto 230 if
crosses & sustains above 207.
GMR INFRA (CMP 38):
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 183):
Stock would face resistance at higher levels. Thus, till 189-190 zone is not crossed, expect a retest of support zone 170. Upside upto 210
if crosses & sustains above 190.
ABNUVO (CMP 1303):
Stock should take support around 1270-1275 zone & if 1270 holds would further move upto 1345 zone. Below 1270, would retest 1239.
FERTILIZERS:
TATA CHEM (CMP 303):
Stock would face resistance at higher levels. Thus, till 315-318 zone is not crossed, expect a retest of support zone 280. Upside upto 340
if crosses & sustains above 315.
UPL (CMP 302):
Stock would face resistance at higher levels. Thus, till 312-314 zone is not crossed, expect a retest of support zone 276. Upside upto 336
if crosses & sustains above 314.
MEDIA:
DISH TV (CMP 51):
Stock would face resistance at higher levels. Thus, till 54-55 zone is not crossed, expect a retest of support zone 46. Upside upto 61-63 if
crosses & sustains above 55.
SUNTV (CMP 413):
Stock is in Buy mode & should take support around 403-407 zone & if 403 holds would further move upto 439 zone. Below 403, would
retest 379.
ZEE LTD (CMP 267):
Though the stock is in sell mode, Stock should take support around 260-261 zone & if 260 holds would further move upto 280 zone.
Below 260, would retest 244.
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