Intraday Stock Trading

NIFTY

Trading range to continue... consider support 5210
As long as hold - positive bias to continue...
Break of support level test 5100-5000 mark
Higher level resistance 5450- 5490 - crossover test 5630
Thereafter be prepare added another 300 points.

BSE INDEX

Index is moving in trading range 17300 to 18000
Above 18000 will move further and retest 18500-18826
Break 17300 - decline bias will be accelerated.
Above 17732, bullish view confirmed.
Hold 17300 and positive in Budget Proposal
Lead to18800-19500

BANK NIFTY

Rally from 7766 to 11226 = 3460 point move.
Close watch support / Retracement Level in coming days
Retracement Level... watch out
10410---9904---9496---9088

NIFTY FUTURE

Closed at 5391
Higher level resistance 5440-5450
Reversal to sell side...
Rally from 4531 to 5630 = 1100 Point move
Close watch support/retracement level in coming days
Retracement Support 5210-5080-4950

BANK OF BARODA

Looks - good - as long as holds 800-805 level and remains
May test 850 mark.

TCS

Time to sell... short term support broken
Once break... ? More down side expected.

MARUTI

Above 1300, do not worry bulls
Up move test...?

RELIANCE

Trading range continue...
Support 800-796
Resistance - 833 watch out.

SBI

Smart moving in either side...
Money making counter for Professional Traders
Sell on Resistance, Buy on Support
Quick Entry/Exit strategy to be followed.
Resistance 2300-2310 - support 2200.

BHEL

Bear move start any time...
Confirmation awaited...
Below 310 avoid long.