NIFTY AND SENSEX SPOT LEVELS TODAY
2846.20 | ( 0.63 %) | 17.75 | | |
1 | 2 | 3 | ||
Resistance | 2869.63 | 2893.07 | 2917.93 | |
Support | 2821.33 | 2796.47 | 2773.03 |
9329.57 | ( 0.06 %) | 5.98 | | ||
1 | 2 | 3 | |||
Resistance | 9401.56 | 9473.56 | 9537.60 | ||
Support | 9265.52 | 9201.48 | 9129.48 |
NIFTY FUTURES (F & O)
Above 2847-2849 zone, rally may continue up to 2854 level and thereafter expect a jump up to 2868-2870 zone by non-stop.
Support at 2820 & 2823 levels. Below these levels, expect profit booking up to 2798-2800 zone and thereafter slide may continue up to 2777-2779 zone.
Buy if touches 2770-2772 zone. Stop Loss at 2750-2752 zone.
On Positive Side, above 2875-2877 zone it can zoom up to 2895-2897 zone and if crosses & sustains at above this zone then uptrend may continue.
Short-Term Investors:
Bearish Trend. 3 closes below 3144 level, it can tumble up to 2312 level by non-stop.
BSE SENSEX
Technically buying should continue.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9872 level on upper side.
On Negative Side, corrections up to 9178 level can be used to buy. Maintain a Stop Loss at 8947 level for your long positions too.
Strong & Weak futures
This is list of 10 strong futures:
Jet Airways,Balram Chin,Neyveli,Triveni,Hind Petro,Nucleus,Renuka,Ambuja Cem,BEL & Can Bk.
And this is list of 10 Weak Futures:
Punj Llyod,Star,BRFL,Ivrcl Infra,Mah Life,IVR Prime,Siemens,KPIT,Rel Capital & Gitanjali.
Nifty is in Down Trend.
Nifty is in Down Trend.
Trading Calls 20th Jan 2009
+ve Sector : CNX100, Manglmcem, PNBgilts
-ve Sector : Bank, Ultatech, Zee
USE STRICT Stop Loss for todays trading
Short Bhartiartl-646 below 636 for 625 with sl 641
Short HDFCBank-941 for 910 with sl 950
Short ICICIBank-412 for 385 with sl 420
-ve to Market :
1. Continous selling by FII 2. DII selling 3. Expected slowdown/Q3Results 4. Rs.Vs$ 5. Sentiment 6. There is no delivery based buying by investors 7. Asian Market tmble 8. SGX nifty.
1. Continous selling by FII 2. DII selling 3. Expected slowdown/Q3Results 4. Rs.Vs$ 5. Sentiment 6. There is no delivery based buying by investors 7. Asian Market tmble 8. SGX nifty.
GLOBAL CUES & RUPEE
U.S. markets were closed on yesterday for Martin Luther King Day.
The partially convertible rupee <INR=IN> closed at 48.70/71 per dollar on yesterday, stronger than Friday's close of 48.78/80.
Book Profits in BANKEX Stocks
FII DATA
FII -363.37
DII +275.97
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Arvind Parekh
+ 91 98432 32381