NIFTY FUTURES LEVELS
SUPPORT
4337
4285
4175
4120
3958
RESISTANCE
4353
4413
4578
4740
4795
4957
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
Aban, HDIL, India Info, Patel Eng, HTMT Global, Yes Bank, Rel Capital, DLF, IVRCL Infra & Central Bank.
And this is list of 10 Weak :
Glaxo,Sterlin Bio, Hind Uni Lvr,Cipla,ITC, GT Off Shore, Tata Tea, IOCV & Infoysy Tech.
Nifty is in Up Trend .
Nifty is in Up Trend .
INVESTMENT BUY:
Sell INFOSYS TECHNOLO (NSE Cash)
Weak opening expected. Selling may continue.
Sell INFOSYS TECHNOLO (NSE Cash)
Weak opening expected. Selling may continue.
If trades below 1598 level, then selling may continue up to 1520 level. Break below 1474 level, expect free fall too.
If crosses 1598 level, then traders can expect short covering up to 1646 level.
Sell INDIAN OIL CORP (NSE Cash)
Weak opening expected. Selling may continue.
If crosses 1598 level, then traders can expect short covering up to 1646 level.
Sell INDIAN OIL CORP (NSE Cash)
Weak opening expected. Selling may continue.
If trades below 457 level, then selling may continue up to 434 level. Break below 421 level, expect free fall too.
If crosses 457 level, then traders can expect short covering up to 470 level.
Sell SUN PHARMACEUTIC (NSE Cash)
Weak opening expected. Selling may continue.
If trades below 1408 level, then selling may continue up to 1340 level. Break below 1299 level, expect free fall too.
If crosses 1408 level, then traders can expect short covering up to 1451 level.
Sell GLAXOSMITHKLINE PHARMA FUTURES (NSE)
Weak opening expected. Selling may continue.
If trades below 1179 level, then selling may continue up to 1121 level. Break below 1088 level, expect free fall too.
If crosses 1179 level, then traders can expect short covering up to 1214 level.
Sell TATA TEA FUTURES (NSE)
Weak opening expected. Selling may continue.
If trades below 713 level, then selling may continue up to 679 level. Break below 658 level, expect free fall too.
If crosses 713 level, then traders can expect short covering up to 735 level.
NIFTY FUTURES (F & O):
Below 4337-4339 zone, expect profit booking up to 4285 level and thereafter slide may continue up to 4175-4177 zone by non-stop.
Below 4337-4339 zone, expect profit booking up to 4285 level and thereafter slide may continue up to 4175-4177 zone by non-stop.
Hurdles at 4353 & 4413 levels. Above these levels, buying may continue up to 4576-4578 zone and thereafter it can jump up to 4738-4740 zone by non-stop.
Cross above 4793-4795 zone, can take up to 4955-4957 zone. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 4120-4122 zone. Stop Loss at 3958-3960 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 3550 level, it can zoom up to 5286 level by non-stop.
BSE SENSEX:
Weaker opening expected. Will recover from lower levels.
Short-Term Investors:
Short-Term trend is Bullish and target at around 16873 level on upper side.
Maintain a Stop Loss at 11695 level for your long positions too.
Global Cues & Rupee
The Dow Jones Industrial Average closed at 8,474.85. Down by 29.23 points.
The Broader S&P 500 closed at 908.13. Down by 1.58 points.
The Dow Jones Industrial Average closed at 8,474.85. Down by 29.23 points.
The Broader S&P 500 closed at 908.13. Down by 1.58 points.
The Nasdaq Composite Index closed at 1,734.54. Up by 2.18 points.
The partially convertible rupee <INR=IN> ended at 47.75/77 per dollar on yesterday, stronger than Monday's close of 47.88/90.
FII DATA
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 19-May-2009 | 12405.89 | 7613.33 | +4792.56 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 19-May-2009 | 2658.97 | 4623.16 | -1964.19 |
--
Arvind Parekh
+ 91 98432 32381
