BSE index: (16995) Buy or remain long considering 16910 a crucial support keeping stop loss of 16770. Upward side crossover above 17051 it'll rush up to 17123 initially. Crossover above 17123 it'll sustain on higher levels & spurt up to 17224
17331 & 17504.
Downward side break below 16770 it'll turn weak & fall down to 16596
16540-16490 & thereafter to 16317.
Nifty JAN future: (5110) Buy or remain long considering 5099 & 5061 solid supports keeping stop loss of 5048. Upward side crossover above 5150 it'll rush up to 5191 initially. Crossover above 5191 it'll sustain on higher levels & spurt up to 5212
5251 & 5279.
Downward side break below 5048 it'll turn weak & fall down to 4986
4948 & 4890.
Bank Nifty JAN Future: (9800) Buy on declines or remain long considering 9690 & 9549 solid supports keeping stop loss of 9461. Upward side it'll rush up further to 9970
10070 initially. Crossover above 10070 it'll sustain on higher levels & spurt up to 10321.
Downward side a close below 16413 it'll turn weak & fall down to 16257 & 16188.
Nifty:- We Consider for this week...Buy or remain long considering 5006-4991 & 4968 solid supports keeping stop loss of 4950.
Upward side it'll rush up further to 5079 & 5114-5131 initially which is a most crucial resistance to watch out for where selling will be seen, keep strict stop loss of 5135 to your shorts. In any better scenario a close above 5135 it'll sustain on higher levels & spurt up to 5191 & 5245.
Downward side a close below 4950 it'll turn weak & fall down to 4917 & 4891.
Bank Nifty:-Our expert Consider for this week...Buy or remain long considering 9395 a nearest & 9225 & 9140 solid supports keeping stop loss of 9068. Upward side it'll spurt up further to 9654 & 9971, book entire profit around 9971.
Downward side break below 4821 it'll fall down to 4790-4778 on intra day basis.
Our Sharetips Expertconsidering,Last week, although I said the overall trend remains negative, there was a move up to 4,860-4,880. So, I am not surprised by yesterday's move. The way the US markets have been moving that has surprised most of us. In addition to being a global rally, there was a move up on the cards. So, I am not surprised we have come here.
Can we cross 4,860-4,880? There is a possibility. The reason I say that is typically over the last year or so whenever we have had this nice 500-600 points on the Nifty, there has been a lot of bullishness and a lot of buoyancy in the markets where people have called higher levels of market. That is where they have got caught.
But this time around most of the analysts are still talking about 4,100-4,200-4,300 range. So, maybe because so many people are negative, it might stretch more on the upside. Get more people positive. When you hear a lot of voices starting talking about 5,200-5,300, then I think the market tends to surprise on the downside. So, if it crosses 4,880 then the next logical target to watch out for would be about 4,965.
Downward side a close below 15588 it'll turn weak & fall down to 15455 initially. A close below 15455 it'll heavily crash down to 15325 & 15115.
NIFTY:-Our Consideration of this week...4755 & 4735 crucial supports, keep stop loss of 4692 to your buys. Upward side crossover above 4821 decisive corrective up surges will take it up to 4901 & 4950.
Downward side break below 4692 it'll turn weak & fall down to 4672, 4656 & 4613 initially. A close below 4613 it'll heavily crash down to 4564 & 4485.
BAJAJ AUTO:-Sell considering 1472 & 1505 solid resistances keeping stop loss of 1506. Downward side it'll fall down to 1408-1396 & closing below which 1310-1290. Upward side a close above 1506 it'll surge up correctively to 1567-1581 in a disguised manner, keep stop loss of 1604 & go short on higher levels.
BHARTI AIRTEL:- Sell considering 342 & 350 solid resistances keeping stop loss of 360. Downward side it'll fall down to 322 & thereafter to 316 & 305.
We consider,After a quiet opening, Nifty was unable to cross 4800, slipped intra day, made a low of 4730, and finally closed at 4740. Now today consider resistance at 4780-4795, downside support at 20 DMA 4715 and 5 DMA 4705. Hold this level bounce back. If breaks with volume, downside target at 4680, thereafter more weakness.
Our Sharetipsexpert was consider Overall, will continue facing resistance at 16000-16050, successfully crossover only sharp move, downside it will take support of 15800, below another round of weakness up to 15700 and below.
According to our sharetips expert Nifty opened positively after showing range bound situation with good strength on positive side. At the end, it closed positively. Overall trend looks bullish and let us see it decisively cross the 4800. Now today, consider higher-level resistance at 4830-4880-4911 and support at 4720-4640-4600.
SENSEX opened positively after showing some volatile session. At the end, it closed positively. There were no major changes in support resistance. Now we may consider the resistance at 16052-16211-16345 and down side support is 15745-15651-15425
The market unfolded stronger and tried climbing up but found strong selling pressure near 4800 zones and profit booking came in to close in the red for the week.
Technically now 4800 has become a strong resistance to deal with and the market is expected to trade in the lower regions in the days to come...