TCS:

Fears about the impact of U.S. debt on the global economy and lingering concerns about debt worries in the euro zone sent stock prices tumbling down in Asian and European markets on Thursday. And the mood back home was not any different either, with the latest rate hike - sharper than expected at that - from the Reserve Bank of India adding to the woes.

Benchmarks ended in the negative terrain for second straight session, ahead of the July series F&O expiry, as 50 basis points rate hike by the Reserve Bank of India and concerns of US debt default spooked sentiments.

As the Reserve Bank of India hiked the repo and reverse repo rates by sharper than expected 50 basis points each, the market saw some heavy selling that took a toll of several stocks, especially those from rate sensitive banking, realty and automobile sectors.

Markets ended in the red due to selling pressure in index heavyweights and weakness across European markets ahead of the new bailout plan for Greece. NIFTY extended losses in late noon trades and touched a low of 5532.50 down 46.20 from the day's high. The index finally ended down -25.45 points. Nifty ended at 5,541.60 - down -25.45 points.

In banking, CNX Bank Index lost -114.90 points or -1.03 %. Amongst the banking stocks Kotak Mahindra Bank, Bank of Maharashtra and Development Credit Bank lead the row.

The BSE benchmark Sensex today shed 151 points as investors sold bluechips across the board on fears of a hike in interest rates to tame inflation and lower- than-expected Q1 earnings posted by IT major Wipro despite a firm trend overseas.

The 30-share Sensex, which gained 147 points yesterday, started on a positive note before tumbling 151.49 points to 18,502.38, with almost all sectoral indices closing in red.

Broad-based National Stock Exchange index Nifty also fell by 46.50 points to 5,567.05, after touching the intra-day high of 5,645.40. 

Markets have rebounded smartly to a high, on the back of buying in index heavyweights. The Nifty recovered 100 points from the day's low to touch a high of 5662.10. The NSE benchmark is now up 46.50 points at 5616.55. 

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5546 & below this level the next support is seen near 5490 mark. 

In banking, CNX Bank Index gained 85 points or 0.76 %. Amongst the banking stocks ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11347 up by 97.60 or 0.87 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 11080 marks.

After a shaky start and a subsequent spell in positive territory, the market drifted down into the red a little before noon, but staged a smart rally in afternoon trade and ended on a high note on Tuesday, tracking cues from European bourses where stocks moved higher after a firm start.'

The mood, till an hour past noon, was quite cautious, albeit with a slightly positive bias. Investors appeared in no mood to go on any big buying, perhaps choosing to wait for key results from India Inc. However, following a positive start in European markets, stocks started moving higher in afternoon trade and mostly closed near their best levels of the session. 

The Sensex, which rose to 18,690.42 from a low of around 18,481, ended the day at 18,653.87 with a gain of 146.83 points or 0.79%. The National Stock Exchange's Nifty closed at 5613.55, well off the day's low of 5557.20, recording a gain of 46.50 points or 0.84%.

Indian markets ended a lackluster session in the negative terrain as concerns of economic crisis in Europe and the US hurt sentiments. Gains in realty, metals and power stocks were offset by losses in auto, technology and healthcare space. On the domestic front, the market is likely to take cues from quarterly earnings and policy reforms. The S&P CNX Nifty closed at 5567.05, up -14.05 points or -0.25 %.

RESISTANCE: It has first resistance close to the level of 5610 & above this level the next resistance is seen near the 5670 mark.

SUPPORT: It has first support close to the level of 5545 & below this level the next support is seen near 5440 mark.

In banking, CNX Bank Index lost -5.70 points or -0.05 %. Amongst the banking index stocks Dhanlaxmi Bank, ICICI Bank and State Bank of Travancore lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11249.40 up by 3.25 or 0.03 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 10975 marks.

The market ended on a negative note after a choppy ride on Monday as investors, amid worries about the current financial crisis in Europe and on a none-too encouraging near term outlook for the U.S. economy, chose to tread cautiously and indulged in some sustained selling almost right through the session.

The start was slightly positive but the market soon gave up early gains, and, after moving modestly higher for close to three hours, slipped into the negative zone and never really found any worthwhile support to wriggle out of the red today. High inflation, weak industrial production data and caution ahead of key results all contributed to the lackluster moves during the session.

The Sensex, which surged to 18,622.56 in early trades, but eased to 18,469.53 later on in the session, ended the day at 18,507.04, netting a loss of 54.88 points or 0.3%. The Nifty index of the National Stock Exchange closed at 5567.05, around 16 points off the day's low of 5550.95, recording a loss of 14.05 points or 0.25%. 

For the next week in commodities nickel can be bullish. As we saw last week nickel was the only metal sustaining at higher levels so for the next week in nickel one should go for buy on lower level strategy if it sustains above 1085 then above 1092 it can touch the level of 1112.

In agri commodities jeera can be bullish. Jeera is forming reverse h&s pattern on charts jeera so one should go for buy on lower level strategy if it sustains above 14450 then above the level 14550 it can touch the level of 14850.

ITC is forming good consolidation phase in the chart and taking resistance of 205 levels. It breaks this level it will take up move till 210.one should go for long position in ITC above 205.10 for the target of 210, 215 with stop loss of 199.50

Nifty future fails to maintain its last week’s up move and not able to sustain at its 5650 level  this week, closed  below 5600 mark @ 5591.25 with loss of more than 1% week on week basis.

For coming week nifty future having major resistance @ 5680 above this 5720-5780 will be the major resistance zone for market.

Support comes @ 5500 if breached this level then 5440-5370 will be the major supports for market.

Markets were trading in the red, albeit off the day's low. The Nifty after moving in the green in the early session, slipped into the red on weakness in auto and metal stocks. The S&P CNX Nifty is at 5,581.10 - down 18.70 points.

The Nifty futures closed and settled finally at 5591.25 down by 9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5670 else above resistance level of 5670 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5440 mark. 

In banking, CNX Bank Index lost -29.25 points or -0.26 %. Amongst the banking index stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India lead the row.

                                                                                                             

Bank Nifty Futures shut stop at 11252 down by -9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11200 else above resistance level of 11405 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 11080 marks.

After a positive start on the back of some hectic buying in Tata Consultancy Services  following an encouraging report card, the market faltered in the red, and, despite staging a few smart rallies from lower levels, ended in the red on Friday as investors mostly moved on to the sidelines due to weak global cues.

Caution ahead of release of European banks stress tests results and concerns about a weak outlook for the U.S. economy rendered price movements quite sluggish. High inflation, fears of more monetary tightening moves by the Reserve Bank of India too contributed to the weakness. 

The Sensex, which tumbled to around 18,513 after an initial upmove, ended the day at 18,561.92 with a loss of 56.28 points or 0.3%. The Nifty  closed at 5581.10, down 18.70 points or 0.33% from its previous closing mark. The Nifty touched a high of 5631.70 and a low of 5562.75 during the day.

The markets have extended gains on the back of buying in rate-sensitive stocks. The Nifty after touching a low of 5541.70 has rallied 112.25 points to a high of 5653.95. The S&P CNX Nifty closed at 5599.80, up 14 points or 0.26 %.

The Nifty futures closed and settled finally at 5585.10 down by -14.65 points or 0.26 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5440 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark. 

In banking, CNX Bank Index gained 121.55 points or 1.09 %. Amongst the banking index stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11245 up by 74.70 or 0.67 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11085 & below this level the next support is seen near 10975 marks.

After a weak start and a subsequent fall that kept it in negative territory till a little past noon, the market rebounded sharply as investors indulged in some hectic buying, shrugging off global economic concerns and a weak Indian inflation data. However, a late bout of selling at several counters wiped off most of the gains and resulted in the market closing just modestly higher today.

Asian markets ended on a mixed note with some strong economic data from China aiding a recovery of sorts. However, European markets were mostly lower amid lingering concerns about financial worries in the region.

The Sensex, which spurted to 18,803.05 in late afternoon trade, way off the day's low of 18,449.23, faltered into the red a few minutes before close before finally settling down at 18,618.20, recording a modest gain of 22.18 points or 0.12%.

The broader 50-stock Nifty  index of the National Stock Exchange closed at 5599.80, up 14.35 points or 0.26% over its previous closing mark. The Nifty touched a low of 5541.70 and a high of 5653.95 during the session.

The Nifty surged to a high of 5611 in closing trades on the back of fresh buying in realty, oil & gas and auto stocks. The S&P CNX Nifty closed at 5585.45, up 59.30 points or 1.07 %.

The Nifty futures closed and settled finally at 5608.25 up by 68.30 points or 1.23 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5660 else below support level of 5550 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5660 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5550 & below this level the next support is seen near 5490 mark. 

In banking, CNX Bank Index gained 119.70 points or 1.09 %. Amongst the banking index stocks Indus Bank, Indian Bank and yes Bank lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11170.30 up by 111.50 or 1.01 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11300 else below support level of 10970 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10810 marks.

The market opened on a bright note on positive cues from Asia, gained in strength as the session progressed with investors going on some hectic bargain hunting after recent losses, and ended with notable gains on Wednesday.

Though movements remained a bit sideways at times, the market never really was in danger of losing its grip in positive territory as investors kept picking up front line stocks amid expectations of strong results. European markets were a bit mixed amid worries about debt crisis in Greece, Portugal and Ireland, but the mood back home remained fairly upbeat till the closing bell. 

The Sensex, which rose to 18,626.41 a few minutes before close, ended the day at 18,596.02, recording a gain of 184.40 points or 1%. The Nifty index of the National Stock Exchange closed at 5585.45, up 59.30 points or 1.07%.

Markets ended in the red owing to significant weakness in IT stocks. The S&P CNX Nifty closed at 5526.15, down -89.95 points or -1.60 %.

The Nifty futures closed and settled finally at 5539.95 down by -77.10 points or -1.37 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5600 else below support level of 5490 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5600 & above this level the next resistance is seen near the 5660 mark. 

SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5330 mark. 

In banking, CNX Bank Index lost -112.95 points or -1.01 %. Amongst the banking index stocks Indus Bank, Indian Bank and yes Bank lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11058.80 down by -81.40 or 0.73 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11170 else below support level of 10975 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11170 above this level the next resistance is seen near to the level of 11300.

SUPPORT: It has first support close to the level of 10975 & below this level the next support is seen near 10810 marks.

Markets extended losses in late-noon trades on weakness in realty, IT and metal sectors. Negative cues from global markets also took the bourses lower. The S&P CNX Nifty closed at 5616.10, down -44.55 points or -0.79 %.

The Nifty futures closed and settled finally at 5617.05 down by -55.25 points or -0.97 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5660 else below support level of 5600 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5660 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5440 mark. 

In banking, CNX Bank Index lost 149.65 points or 1.33 %. Amongst the banking index stocks Axis Bank, Vijaya Bank and Canara Bank lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11145.60 down by -176.95 or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11300 else below support level of 11090 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11090 & below this level the next support is seen near 10990 marks.

Caution ahead of key earnings reports and weak global markets triggered a sell-off and pushed down stocks to a negative close on the major Indian bourses on Monday. Some profit booking after recent gains contributed to the decline as well.

After moving in a narrow range following a weak start, stocks, led by frontliners from information technology, realty, banking and metal sectors, declined sharply and eventually ended on a negative note. Power and capital goods stocks, which found some support midway through the session, failed to hold at higher levels and ended weak. 

Select FMCG and consumer durables stocks edged higher. Oil, automobile and healthcare stocks mostly ended flat. Midcap and smallcap stocks drifted down after moving in a tight band for a significant length of time.

While the Sensex, which declined to 18,679.49 in late afternoon trade, ended the day with a loss of 136.65 points or 0.72% at 18,721.39, the Nifty closed at 5616.10, nearly 15 points off the day's low of 5601.70, recording a loss of 44.55 points or 0.79%.

Videocon Industries Ltd. - Buy above 201.50 and target for 202, 203.50, 205. 

Marico Ltd. - Buy above 165.50 and target for 166.50, 167.50, 169. 

Housing Development & Infrastructure Ltd. - Buy above 173.50 and target for 174.50, 175.50, 177. 

IRB Infrastructure Developers Ltd. - Buy above 176.50 and target for 177.50, 178.50, 180  

DLF Ltd. - Buy above 238.50 and target for 240, 241.50, 243  

Sterlite Industries (India) Ltd. - Sell below 162.50 and target for 161.50, 160.50, 159.50.

Crompton Greaves Ltd. - Sell below 251.50 and target for 250, 248.50, 247.

Hindalco Industries Ltd. - Sell below 187 and target for 186, 185, 183.50.

Steel Authority of India (SAIL) Ltd. - Sell below 135.70 and target for 134.70, 133.

Zee Entertainment Enterprises Ltd. - Sell below 127.50 and target for 126.50, 125.

In banking, CNX Bank Index gained 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India lead the row.

                                                                                                               

Bank Nifty Futures shut stop at 11459 up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11500 else below support level of 11270 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.

Despite a sell-off in metal stocks in early trades, the market was down just marginally for well over a couple of hours this morning as stocks from most of the other sectors, especially those from the realty space, found modest support and even managed to post some gains.

However, after moving sideways till about the penultimate hour, the market plunged sharply on heavy selling almost across the board and ended the day with sharp losses. Besides a sell-off in metal stocks following a Group of Ministers' approval for a draft Mining Bill, caution ahead of the weekend and quarterly earnings reports too contributed to the weak close of the market on Friday. 

The Sensex, which rose to 19,131.70 in early trades, plunged to 18,817.71 in the final hour and settled at 18,858.04, recording a loss of 220.26 points or 1.15%. The Nifty settled at 5660.65, slightly off the day's low of 5651.05, netting a loss of 68.30 points or 1.19%.

Bullish Shares for Tomorrow Trading. Trade on these calls only in NSE.

ITC Ltd. - Buy above 204.50 and target for 205.50, 207, 209.

ACC Ltd. - Buy above 995 and target for 1001, 1007, 1014.

Cairn India Ltd. - Buy above 323 and target for 325, 327, 329.

Dr. Reddy's Laboratories Ltd. - Buy above 1572 and target for 1582, 1592, 2002.

JSW Steel Ltd. - Buy above 915 and target for 921, 927, 933.

Bearish Shares for Tomorrow Trading. These Tips are only to trade in NSE.

Tecpro Systems Ltd. - Sell Below 275.50 and target for 274, 272, 270.

UTV Software Communications Ltd. - Sell Below 786 and target for 781, 776, 771.

Sun TV Network Ltd. - Sell Below 320.50 and target for 319, 317, 315.

IRB Infrastructure Developers Ltd. - Sell Below 172 and target for 171, 170, 169.

MOIL Ltd. - Sell Below 354 and target for 352, 350, 347.

Markets advanced 2% following firm global cues, sustained investment by foreign institutional investors and rally in heavyweight Reliance Industries. The S&P CNX Nifty closed at 5,728.95, up 103.50 points or 1.84 %.

The Nifty futures closed and settled finally at 5745.30 up by 108.65 points or 1.93 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5600 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5870 mark. 

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark. 

In banking, CNX Bank Index gained 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India lead the row.

                                                                                                               

Bank Nifty Futures shut stop at 11459 up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11500 else below support level of 11270 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.

The market opened on a firm note this morning and kept moving higher and higher as the session progressed with the bulls, presumably FIIs, staying aggressive right till the end of the day.

Though Asian markets ended on a mixed note, a firm trend on the European bourses and a decline in food inflation kept the mood upbeat today. The market shrugged off concerns about a possible decline in earnings of India Inc in the April - June 2011 quarter, and the ongoing investigation in the 2G scam that has resulted in the Union Textiles Minister Dayanidhi Maran submitting his resignation from the cabinet.

The Sensex, which opened with a positive gap of around 50 points at 18,776.62, sped past the psychological 19,000 mark in late afternoon trade and ended at 19,078.30 with a handsome gain of 351.33 points or 1.88%. The benchmark hit a high of 19,097.78.

The Nifty index of the National Stock Exchange, which vaulted to 5737.15, settled at 5728.95, recording a gain of 103.50 points or 1.84%.

Bearish Stocks to Sell Tomorrow

Shrugging off a weak start, the market rallied smartly in early trades this morning, resulting in the Sensex  recording a gain of nearly 80 points, but faltered soon as cautious investors chose to book some profits in several front line stocks.

Stocks opened on a negative note on weak global cues and remained that way right till the end of the session on Tuesday as investors chose to book profits after recent strong gains. There were a few mild rallies from lower levels, but the market never really looked good enough to rebound into positive territory, as investors chose to exit at higher levels, perhaps waiting for more clear signals for buying to emerge.

Copper:

Bullish Stocks for Tomorrow

Bearish Stocks for Tomorrow 


Reliance Industries Ltd. - Sell below 858 and target for 853, 848, 842.

Coal India Ltd. - Sell below 382.50 and target for 381, 378, 375.

Bharti Airtel Ltd. - Sell below 382 and target for 380, 378, 375.

Ambuja Cements Ltd. - Sell below 129 and target for 128, 127, 126.

Ranbaxy Laboratories Ltd. - Sell below 525 and target for 522, 519, 515.