For coming week be cautious because nifty future looks week on charts, its major support comes @ 5700-5640 and below this 5550 will be the major support zone for nifty future.

Nifty future resistance comes @ 5830 above this 5880 and the higher levels for nifty come @ 5950.

The Nifty futures closed and settled finally at 5753.80, down by -56.60 or -0.97 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5695 else above resistance level of 5825 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5825 & above this level the next resistance is seen near the 5950 mark. 

SUPPORT: It has first support close to the level of 5695 & below this level the next support is seen near 5570 mark. 

                                                                                                                

Bank Nifty Futures shut stop at 11511.75 down by -250.70 points or -2.13 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11430 else above resistance level of 11775 it would be in a upward trend. 

RESISTANCE: It has first resistance close to the level of 11775 above this level the next resistance is seen near to the level of 11870.

SUPPORT: It has first support close to the level of 11430 & below this level the next support is seen near 11330 marks.

Today again STI made a high above 3200 mark but was not able to sustain this level and closed near to yesterday's level.

STI opened below 3182.68 levels and then it made a high of 3201.18 in 1st half and after 2nd half it dragged down and made a low of 3179.67 above major support zone and finally closed @ 3184.99 with gain of 2.31 point up by 0.07%.

STI today made a high of 3201.18 and in previous days it made a high of 3206-3208, with these levels we can interpret that STI is not able to sustain its higher levels, day after day it made a high below its previous high and made a lower high on chart. But today it closed above its

major support zone.

STI formed a candlestick with long upper shadow with small real body and very small lower shadow, because movement was good and closed near to previous closing level.

STI crossed its 3200 mark but was not able to sustain above this level.  If it sustain this level than we can expect more upward levels. Above 3200 the major resistance comes @ 3225.

STI is looking overbought on its daily graph, if we see the technical Indicators like MACD is its overbought condition and RSI also reverse from its higher levels.

STI has strong support @ 3150 and below this level it can take support @ 3135-3110 levels.

STI has Resistance @ 3210 and above this level 3225-3250 will be small and also major resistance zone for STI.

Technical indicator MACD seems to be reverse and RSI seems to be took support @ up sloping trend line and closed @ 59.81.

The Nifty futures closed and settled finally at 5785.20, down by -51.35 or -0.88 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5765 else above resistance level of 5861 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5861 & above this level the next resistance is seen near the 5950 mark. 

SUPPORT: It has first support close to the level of 5765 & below this level the next support is seen near 5695 mark. 

                                                                                                                

Bank Nifty Futures shut stop at 11684.80 down by -119.95 points or -1.02 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11650 else above resistance level of 11870 it would be in a upward trend. 

RESISTANCE: It has first resistance close to the level of 11870 above this level the next resistance is seen near to the level of 11965.

SUPPORT: It has first support close to the level of 11650 & below this level the next support is seen near 11510 marks.

Today the market was very volatile as it traded in both the directions and closed above resistance level.

STI opened below 3171.83 levels and then it made a high of 3206.11 on 1st half and after 2nd half it dragged down and breached its major support level of 3170 and made a low of 3154.30 but finally closed @ 3182.68 with gain of 10.85 up by 0.34%.

STI today made a high of 3206.11 and day before yesterday it made a high of 3208.11 so now above 3200 level these levels will act as a major Resistance zone for market.

STI formed a candlestick with long upper and lower shadow and small real body, which denotes a good fluctuation in the market.

It crossed its 3200 mark but did not sustain above this level, when it will sustain this level then we can expect more upward levels, above 3200 the major resistance comes @ 3225.

STI looks overbought on its daily graph, if we see the technical Indicators like MACD is its overbought condition and RSI also reverse from its higher levels.

STI have a strong support @ 3135 and below this level it can take support @ 3110-3080 levels.

STI have Resistance @ 3210 and above this level 3225-3250 will be a small and also major resistance zone for STI.

Technical indicator MACD seems to be reverse and RSI seems to take support @ up sloping trend line and closed @ 59.41.

                                                                                                                

Bank Nifty Futures shut stop at 11815 down by -84 points or -0.71 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 12050 else below support level of 11850 it would be in a downward trend.


RESISTANCE: It has first resistance close to the level of 11940 above this level the next resistance is seen near to the level of 12480.

SUPPORT: It has first support close to the level of 11720 & below this level the next support is seen near 11510 marks.

In banking, CNX Bank Index lost -15.75 points or -0.13 %. Amongst the banking stocks Axis Bank, City Union Bank and South Indian Bank lead the row. 
                                                                                                              

Bank Nifty Futures shut stop at 11921.95 down by -4.05 points or -0.03 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11940 else below support level of 11850 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11940 above this level the next resistance is seen near to the level of 12050.

SUPPORT: It has first support close to the level of 11720 & below this level the next support is seen near 11510 marks.

                                                                              
Bank Nifty Futures shut stop at 11921.95 down by -4.05 points or -0.03 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 12050 else below support level of 11850 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 12050 above this level the next resistance is seen near to the level of 12480.

SUPPORT: It has first support close to the level of 11860 & below this level the next support is seen near 11650 marks.

For coming week nifty having resistance @ 5950 and above this 6020-6090 will be the major higher levels for nifty.

Nifty future major support comes @ 5700 but immediate support comes @ 5850-5790 and 5700.

The Nifty futures closed and settled finally at 5901.60, up by 31 or 0.53 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5880 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 6000 mark. 

SUPPORT: It has first support close to the level of 5880 & below this level the next support is seen near 5765 mark.

RESISTANCE: It has first resistance close to the level of 12050 above this level the next resistance is seen near to the level of 12480.

SUPPORT: It has first support close to the level of 11860 & below this level the next support is seen near 11650 marks.

The Nifty futures closed and settled finally at 5874, up by 113.70 or 1.97 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5925 else below support level of 5765 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5725 & above this level the next resistance is seen near the 5925 mark. 

SUPPORT: It has first support close to the level of 5665 & below this level the next support is seen near 5700 mark. 

Bank Nifty Futures shut stop at 11856 up by 223.70 points or 0.92 It looking bullish in the coming trading session if it manages to trade above the resistance level of 11945 else below support level of 11650 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11735 above this level the next resistance is seen near to the level of 12050.

SUPPORT: It has first support close to the level of 11650 & below this level the next support is seen near 11510 marks.

The markets closed around the day's low after spending a major part of the day in the negative as the result season and high inflation numbers seemed to keep the investors edgy. The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.

The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

    

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.

                                                                                                                

Bank Nifty Futures shut stop at 11575.10 down by -196.15 points or -1.67 %. It looking bearish in the coming trading session if it manages to trade below the support level of 11520 else above resistance level of 11945 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 11945 above this level the next resistance is seen near to the level of 12050

SUPPORT: It has first support close to the level of 11520 & below this level the next support is seen near 11330 marks.

Bharti Airtel CMP 372.40, after a long consolidation the stock now starts moving in uptrend. The stock has immediate resistance level of 377 above which it may continue the upside momentum. So we recommend buy the stock above the level of 377 with expecting targets of 385-400 by holding the SL of 360.

For the next week in commodities aluminum can be bullish. As we saw last week aluminum was the only metal which was sustaining at higher levels so for the next week in aluminum one should go for buy on lower level strategy if it sustains above 117.50 then above 118.50 it can touch the level of 120

In agri commodities chana can be bearish. As we saw last week chana was not able to sustain at higher levels. So for the next week in chana may contract one should go for sell on higher level strategy if it sustains below 2375 then below 2360 it can touch the level of 2330.

Last week markets did not have so much to boast of as we had only 3 trading sessions. Nifty fut could not cross the important resistance level of 6000 mark and corrected the handsome gains of Wednesday on Friday. Nifty fut has importance resistance levels of 5975 and 6000 on the upside. If it manages to cross 6000 levels it may try to touch the new high levels again. 5745 is important support resistance levels on the down side which once broken market will have a short term selling pressure and the trend of the market might turn bearish for some time. We recommend you to stay neutral within the range of 5745-6000 and before market breaks the resistance level of 5745 one should look for buying opportunities and should look for short positions only below the level of 5745.

It was a double whammy for the markets today as Infosys fourth quarter results were below analysts' estimates and inflation for the month of March surpassed the Reserve Bank of India target of 8% raising expectations of further rate hikes. The S&P CNX Nifty closed at 5824.55, down by 86.95 or 1.47 %.

The Nifty futures closed and settled finally at 5825, down by 113.10 points or 1.90 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5750 else above resistance level of 5925 it would be in an upward trend. 

      

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark. 

SUPPORT: It has first support close to the level of 5750 & below this level the next support is seen near 5695 mark. 

                                                                                                                

Bank Nifty Futures shut stop at 11770 down by -133.10 points or -1.90%. It looking bearish in the coming trading session if it manages to trade below the support level of 11530 else above resistance level of 12050 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 12050 above this level the next resistance is seen near to the level of 12480. 

SUPPORT: It has first support close to the level of 11530 & below this level the next support is seen near 11335 marks.

Mahindra & Mahindra Ltd. – Buy Above 735 and look for the targets of 742, 750.

Jaiprakash Power Ventures Ltd. – Buy above 50.50 and target for 51,51.50, 52.

Dabur India Ltd. – Buy above 104.50 and target for 105.50, 106.50.

Finolex Cables Ltd. – Buy above 55.50 and look for the targets of 56, 56.50, 57.

IVRCL Infrastructure & Projects Ltd. – Buy above 91.50 and target for 92.50, 93.50, 94.50.

The reasons to suggest Jayashree Tea are as follows:

The company owns six estates in Darjeeling, which is known for its superlative quality of orthodox tea. Darjeeling tea is mainly exported to Russian and Middle East countries. In 2010, average realisations of Darjeeling tea were 285 per kg as compared to120 per kg for black tea. With the robust demand for high quality tea in international markets, prices in the current year are expected to reign higher by further Rs 15-20 per kg. Hence, backed by higher realisations and increasing exports of the company (Rs 486 million in FY08 and s 900 million in FY10), we believe Jayshree`s revenues would continue to grow at 12% CAGR from FY11-13E. The EPS is expected to grow at 9% CAGR in FY11-13E.

At the current market price (CMP) the stock is trading at 6.9x and 5.6x its FY11E and FY12E EPS of Rs 24.8 and Rs 30.7, respectively. With tea production in India in 2011 expected to be 980-1000 mkg and production in Kenya and Sri Lanka expected to decline by 16%, we believe tea prices would remain firm, subsequently improving the company`s earnings. Hence, we have valued the stock at 6x its FY12E earning per share (EPS) to arrive at a target price of Rs 190.

Lupin Ltd. – Sell Below 405 and Look for the Targets of 401, 397.

Bharat Forge Ltd. – Sell Below 349 for the Targets of 346, 343, 340.

IVRCL Infrastructure & Projects Ltd. - Sell Below 85 for the targets of 84, 83, 82.

In banking, CNX Bank Index lost -74.45 points or 0.65 %. Amongst the banking stocks United Bank of India, Axis Bank and HDFC Bank lead the row.     

Many of the stocks have already performed but the good stocks which could be still bought on declines in largecap is Axis Bank, Yes Bank and in bigger bank it would be State Bank of India which could be bought on all the declines. As predicted before Bank Nifty could go upto 12200 levels and it has not reached that level, so there is still potential left out in Bank Nifty to reach till that predicted level and these are the stocks which would perform when Bank Nifty would touch to that level in may be 3-4 weeks.

The Nifty futures closed and settled finally at 5902.10, down by -8.85 points or -0.15 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5935 & above this level the next resistance is seen near the 6000 mark. 

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark. 

Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward  trend. 

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050. 

SUPPORT: It has first support close to the level of 11684 & below this level the next support is seen near 11580 marks.

After rallying in green zone for last two weeks, market today faced today the selling pressure and Nifty Index ended in the red at 5891.75 down by -.31% or 18.30 points.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5975 & above this level the next resistance is seen near the 6075 mark. 

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark. 

Bank Nifty Futures shut stop at 11785.05 down by -76.40 points or -0.64 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11728 it would be in a downward  trend. 

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050. 

SUPPORT: It has first support close to the level of 11728 & below this level the next support is seen near 11580 marks.

Balaji Amines Ltd.  – Buy above 48.50. Target for 49.50, 50.50.

Lupin Ltd.  – Buy above 414 and target for 418, 422.

Andhra Bank – Buy above 158, Target for 159.50, 161.

Hindustan Oil Exploration Company Ltd. – Buy above 228 and Target for 230, 232.

Sesa Goa Ltd. – Buy above 316 and Target for 319, 322.

Tata Steel Ltd. – Buy above 337 and target for 340, 343.

Mundra Port & Special Economic Zone Ltd. – Buy above 158 and look for the targets of 160, 162.

All these stocks are to be traded in NSE. Although the overall trend for BSE also will be the same but the enter price and Target price will vary so follow these tips only for NSE.

The Nifty futures closed and settled finally at 5926, up by 17 points or 0.29 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6000 else below 5870 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 6000 & above this level the next resistance is seen near the 6072 mark. 

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark. 

In banking, CNX Bank Index lost -5.40 points or -0.05 %. Amongst the banking stocks Vijaya Bank, Uco Bank and Syndicate Bank lead the row.

Apollo Hospitals Enterprise Ltd. – Buy above 484 and look for the targets of 488, 492.

Pantaloon Retail (India) Ltd. – Buy above 284 and look for the targets of 287, 290.

Biocon Ltd. – Sell Below 352 and look for the targets of 349, 346.

Karnataka Bank Ltd. – Buy above 117.50 and target for 118.50, 120.

Bombay Dyeing & Manufacturing Company Ltd.- Buy above 409 and target for 413, 417.

The Nifty futures closed and settled finally at 5948, up by 86.65 points or 1.48 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6072 else below 5835 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 6072 & above this level the next resistance is seen near the 6135 mark. 

SUPPORT: It has first support close to the level of 5835 & below this level the next support is seen near 5770 mark.

In banking, CNX Bank Index gained 213.45 points or +1.84 %. Amongst the banking stocks Dhanalaxmi Bank, Karnataka Bank and Lakshmi Bank and City Union Bank lead the row.

Bank Nifty Futures shut stop at 11884.95 up by 207.85 points or +1.78%.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward  trend.

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050.

SUPPORT: It has first support close to the level of 11684 & below this level the next support is seen near 11580 marks.

For the next week in metals silver can be bullish above the level of 56200, as we saw last week comex silver was not sustaining at lower levels, and it has a very good level of 3800$, if comex silver sutains above 3780$ then above 3800$ it can touch the level of 3870$. In mcx silver i will recommend to take long position above the level of 56200 for the target of 57000 if it does not break the level of 55700 on the downside.

For the next week in agri commodities chana can be bearish below the level of 2350. As we saw last week chana was not able to sustain at higher levels. So for the next week in chana april contract one should go for sell on higher level stratagy if it sustains below 2370 then below 2350 it can touch the level of 2310.

Last week traders at had a gala time in markets with nifty fut closing at 5861.35, as we had mentioned in our records that it was important to cross 5625 for Nifty Future beyond which it  will confirm bullishness and markets had a great really market them, now the overall trend of the market is bullish with important resistance levels at 5930 and 6210. Markets may see a short term correction but one should look for building long position on corrections now. Long term traders stay invested and don't get panicked when markets breathe for some time.

RESISTANCE: It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark.