ONE MORE ROLLER COSTER RIDE WAS SEEN IN MARKET. ON MONDAY NIFTY MADE HIGH OF 5160 & ON TUESDAY TAKE U TURN FROM 5011. AGAIN NIFTY TRY TO BRECH 5170 LEVEL BUT ONCE AGAIN FAILED & REVERCE. NOW NIFTY MOVE ON NARROW RANGE OF 5000 & 5170 LEVLES. NIFTY TAKE A STRONG SUPPORT OF 20 DEMA. VOLUME ARE AGAIN REMAIN LOW. VOLUME ARE NOT SUPPORTING ANY DOWN MOVEMENT.
SO AS UP MOVE. THERE WASN'T SEEN ANY SPECIFIC SIGNAL FROM FII & DII. FII & DII TURN NET SELLERS. FII NET POSITINAL DOWN 626.94 CR. DII WKLY NET POSITIONAL DOWN 600.67 CR. DAILY OSCILLATORS ARE REMAIN IN POSITIVE ZONE. STRONG BRECK OUT WITH VOLUME ABOVE 5170 WILL TAKE NIFTY 5250-5335 LEVELS. & STRONG BRECK OUT WITH VOLUME BELOW 5026 WILL TAKE DOWN NIFTY 4925-4800 LEVELS. WKLY OSCILALLATORS ALSO REMAIN POSITIVE ZONE.

7 DEMA 5068.67.
20 DEMA 5026.53. 

  NEXT WK WILL BE CRUCIAL FOR MARKET. ONLY 3 TRADING SESSION WILL BE HELD ON THE EVE ON DIWALI & RBI ALSO GOING TO DECLARE CREDIT POLICY. WE HAVEN'T SEEN ANY RELIFE FROM INFLATION. SO ANY MOVE FROM RBI WILL GIVE SHORT TERM DIRECTION.

   A VERY VERY HAPPY DIWALI TO ALL & THIS NEW YEAR BRING PROSPERITY TO EVERY ONE LIFE. DIWALI MEANS VICTORY OVER NEGLIGENCE & DARKNESS. WILL PRAY THIS DIWALI MAKE OURSELF MORE HUMAN & BRING MORE HUMANITY IN OUR LIFE.

  LAST WK MARKET MADE IMMEDIATE BOTTOM AROUND 4720 LEVELS & WE SAW SMART RECOVERY WITH SOME GAP OPENING. BUT ONCE AGAIN NIFTY FACING RESISTANCE AT 5150 LEVELS. LAST TIME NIFTY REVERCE FROM 5170 LEVELS WHICH IS SUPPORT LINE OF DECENDING TRIANGLE. ABOVE THIS LEVEL WE WILL SEE MORE UPSIDE. THERE WERE A GAP PENDING NEAR 5335 LEVEL MAY BE NIFTY WILL TRY TO FILL UP THIS GAP IN THIS ONGOING RALLY. FROM LAST WK'S LAST 2-3 TRADING SESSION FII BECAME NET BUYERS THEY WILL CONTINUE THIS WK ALSO & ON OTHER HAND DII TURN NET SELLERS ON MARKET. VOLUME WAS NORMAL & NO SPECIFIC INDICATION FROM OPEN INTEREST ALSO. DEMA GAVE POSITIVE CROSSOVER. RSI ALSO MOVE ON POSITIVE ZONE. MACD ALSO SHOWS POSITIVE CROSSOVER BUT STILL IN NEGATIVE ZONE. ON WKLY NIFTY CHART ALSO OSCILLATOR GAVE POSITIVE DIVERGENCE. INDIA VIX TAKE SHARP DOWNMOVE FROM 36-37 TO 25. INDIA VIX HAS GOOD SUPPORT AROUND 24. NEXT WK WILL BE CRUCIAL FOR MARKET. EARNING ESTIMATE LL TRY TO MAKE IMPACT ON MARKET.
 
 7 DEMA 5025.60  

 20 DEMA 4988.14.
 

 NIFTY RANGE  SUPPORT 5040-4960-4890. RESISTANCE 5170-5220-5335.

AFTER A FEW SLGSH TRADING SESSION UPMOVE START ON LAST FRIDAY & CONTINUE ON MONDAY ALSO. IN QTRLY  MONETARY POLICY EVERYONE EXPECTED 25 BASIS POINT HIKE BUT RBI SURPRISE MARKET ON TUESDAY BY RISING REPO
RATE & REVERSE REPO RATE BY 50 BASIS POINTS & MARKET LOST ITS MOMENTUM. WE ALLREADY FACING HIGH INFLATION  RATE (DUE TO HIGH FUEL PRICE & DUE TO INACTIVE GOVT ROLE). FII SEEMS UNDECIDED ABOUT MARKET THEY REMAIN
NET BUYERS IN SOME SESSION & NET SELLERS IN OTHERS. FII WKLY NET POSITIONAL IN CASH DN 274.33 CR. & DII REMAIN NET BUYERS IN WEEK WITH NET POSITIONAL IN CASH UP 1076.17 CR. 200 DSMA STILL REMAIN RESISTANCE FOR
MARKET. LAST WEEK MARKET BRECK 7 DEMA & 20 DEMA. RSI ALSO GAVE SELLING SIGNAL. MACD ALSO MOVE ON NEGATIVE  DIRECTION. NIFTY TRADING NEAR LOWER LEVEL OF BOLLINGER BAND. IN DAILY CHART NIFTY FORMING A DECENDING TRIANGE.
ON NIFTY WEEKLY CHART ALSO RSI GAVE SELLING SIGNAL WHERE AS MACD REMAIN IN NEGATIVE ZONE. FROM HERE NIFTY  WILL FACE MANY RESISTANCE AROUND 5530-5545-5585-5605. ON LOWER LEVEL NIFTY WILL FIND SUPPORT AROUND
5450-5405-5340-5235.
     NEXT WEEK WILL BE VERY IMPORTANT FOR MARKET. IN US LEGISLATURE AUGUST 2ND IS THE DEADLINE FOR HIKING THE $ 14.3 TRILLION DEBT CEILLIN DEBT DRAW CLOSE. ITS VERY INTERESTING TO SEE WHAT DECISION WILL BE MADE
BY US LEGISLATURE COZ US ALLREADY CROSS ITS DEBT LIMIT. S & P ALLREADY DOWNGRADE US RATING.
             
STOCK TO WATCH :

RELIANCE SUPPORT 820-805-765. RESISTANCE 835-850-865.
SBIN SUPPORT 2305-2270-2170. RESISTANCE 2365-2395-2460.
HDFC SUPPORT 685-679-672. RESISTANCE 693-699-703-713.
TATAMOTORS SUPPORT 945-925-900. RESISTANCE 957-975-1005.

MARKET UNABLE TO CONTINUE UP MOVE THIS WK. BULLS & BEAR FIGHT FOR WIN BUT NO ONE GET VICTORY. FIRST 3 DAYS MARKET TRADE IN VERY NARROW RANGE ON THURSDAY NIFTY GAIN ALMOST 100 POINTS & LOSE SOME GAIN  ON FRIDAY. BUT SHORT TERM TREND ARE STILL UP. FII AGAIN REMAIN NET BUYERS IN ALL SESSION. FII WKLY NET POSITIONAL IN CASH UP 3563.73 CR. VOLUME REMAIN ON LOWER SIDE ON FIRST 3 TRADING SESSION BUT SOME HOW  IMPROVE LITTLE BIT IN LAST 2 SESSIONS. MARKET KEEP EYE ON QTRY RESULT WHICH STARTS FROM NEXT WK.
     NIFTY FIND RESISTANCE AROUND 200 DMA @ 5742 & AT SAME LEVEL LONG TERM TREND LINE ALSO CAME. FOR  FURTHER STRONG UPMOVE NIFTY SHOULD CLOSE ABOVE THIS BOTH LEVEL FOR 3-4 TRADING SESSION ON CLOSING BASIS.
ONLY ABOVE THIS LEVEL NIFTY WILL SEEN 5900-6000 LEVEL. IF NIFTY UNABLE TO TRADE ABOVE THIS THEN NIFTY WILL FIND SUPPORT AROUND 5610-5500-5420.

NIFTY 200 DMA 5742.
NIFTY 7 DEMA 5638
NIFTY 20 DEMA 5558.

STOCK TO WATCH :

RELIANCE SUPPORT 850-835-810. RESISTANCE 875-895-910.
SBIN SUPPORT 2440-2390-2365. RESISTANCE 2515-2575-2650.
LT SUPPORT 1815-1780-1745. RESISTANCE 1870-1921-2010.
TATAMOTORS SUPPORT 1027-1015-990. RESISTANCE 1075-1140-1175.

WHAT A WK FOR MARKET!!!!! SHORT COVERING CARRY ON THIS WK WHICH STARTED ON LAST FRIDAY. IT WAS SUSTAINABLE SHORT COVERING WHICH BRING MARKET UP & UP. ONCE AGAIN MARKET PROVE ITS SUPREMACY. MARKET LOUDLY TOLD US THAT DON'T TRY TO JUDGE ME JUST FOLLOW ME. EVERY ONE EXPECTING NIFTY MAY
FACE RESISTANCE AROUND 5450-5500-5605 BUT NIFTY NOT ONLY BRECK ALL THIS RESISTNCE BUT MADE HIGH OF 5705 & CLOSE ABOVE 200 DEMA ALSO. WKLY INFLATION ALSO HELP MARKET WHEN IT DROP FROM 7.78 % FROM 9.13 %.
GOOD ROLLOVER WAS SEEN IN NIFTY 67 % V/S 60 %. MARKETWIDE ROLLOVER ALSO REMAIN ON POSITIVE SIDE  77 % V/S 73 %. THIS WK SENSEX GAIN 2.86 % & NIFTY GAIN 2.85 %. FII WHO REMAIN NET SELLER IN LAST  FEW WK SHIFT BUYING SIDE THIS WK. FII WKLY NET POSITIONAL IN CASH UP 5127.18 CR. & DII SHIFTED FROM  BUYING TO SELLING SIDE. DII WKLY NET POSITIONAL IN CASH DWN 2810.72 CR. 
 
NOW WHAT IN NEXT ???
 NIFTY CLOSE ABOVE 200 DEMA. SHOWS STRONG SHORT COVERING. WILL SUSTAIN THIS LEVEL?? MARKET REMAIN IN BROAD RANGE OF 5900- 5200 IN NEXT FEW MONTH. SHORTTERM OUTLOOK CHANGE BUT LONGTERM OUTLOOK REMAIN ON
DOWN SIDE. THE MAIN CONCERN IS VOLUME.IN LAST TWO WK ONLY 1 DAY WE SAW THE VOLUME WHEN NIFTY FALL AFTER DOUBLE TAXATION AGREEMENT NEWS. AFTER THAT NO MAJOR VOLUME WAS SEEN.NIFTY WILL FACE RESISTANCE  AROUND 5740-5800-5850 & SUPPORT AROUND 5605-5545-5480.
STOCK TO WATCH :
RELIANCE SUPPORT 854-845-832. RESISTANCE 868-878-892.
SBIN SUPPORT 2380-2345-2300. RESISTANCE 2430-2495-2540.
LT SUPPORT 1800-1725-1640. RESISTANCE 1850-1935-2010.
TATA STEEL SUPPORT 595-590-582. RESISTANCE 608-615-623.
APOLLO TYRE 19TH JUN BLOG TOLD THAT ABOVE 74 LEVEL IT LOOKS GOOD. YESTERDAY IT MADE HIGH OF 80.40. IT WILL FACE RESISTANCE AROUND 84-89 LEVEL. 

LAST WEEK WE SAW HIGH DRAMA IN MARKET. NEWS OF DOUBLE TAXATION AGREEMENT WITH MAURITIUS TOUMBLE THE MARKET. NIFTY MADE LOW OF 5195.90 & MANAGE TO CLOSE AT 5257. UNEXPECTED RECOVERY WAS SEEN ON FRIDAY MARKET GAIN MORE THAN 3%. NOT ONLY INDEX BUT STOCK ALSO SHOWS UNEXPECTED MOVEMENT. FII WHO REMAIN NET SELLER FROM LAST FEW DAYS TURN NET BUYER IN LAST FEW SESSIONS. FII WKLY NET POSITIONAL IN CASH DWN 243.68 CR. DII STILL REMAIN NET BUYERS. DII WKLY NET POSITIONAL IN CASH UP 1206.19 CR. THE MUCH AWAITED NEWS CAME ON FRIDAY EVENING. DISEL, KEROSN & LPG PRICE WAS HIKE BY GOVT. ITS INTERESTING TO SEE HOW MARKET REACT ON THIS.
 
   NOW WHAT TO EXPECT? NIFTY TRADED WITH LOW VOLUME FROM LAST MANY DAYS. SO FOR FURTHER ANY UPMOVE OR DOWNMOVE  WE NEED CONFIRMATION FROM IT. RSI SHOWS SOME POSITIVE DIVERGENCE. NIFTY FACE RESISTANCE AROUND 5500-5555-5600. WHERE SUPPORT AROUND 5440-5415-5372.
NIFTY 7 DEMA 5371.42.
NIFTY 20 DEMA 5423.81.
NIFTY 200 DEMA 5577.54.

STOCK TO WATCH :

RELIANCE MADE LOW 833.25 & BOUNCE BACK.
SUPPORT 862-855-848. RESISTANCE 875-888-890.
LT ONCE AGAIN TRADE NEAR SHORT TERM RESISTANCE OF 1740 LEVEL.
SUPPORT 1705-1687-1665. RESISTANCE 1760-1830-1890.
TATASTEEL RSI ON DAILY CHART SHOWS SOME POSITIVE DIVERGENCE.
SUPPORT 572-568-566. RESISTANCE 582-590-595.
SBIN SUPPORT 2250-2205-2165. RESISTANCE 2295-2350-2395.  

LAST WK MARKET START WITH POSITIVE NOTE BUT VERY SOON IT LOOSE ITS STRENGTH. NIFTY MADE HIGH OF 5520.15. & MADE LOW 5386.55 ON FRIDAY. ON WKLY CLOSING BASIS SENSEX LOST 2.18 & NIFTY ALSO LOST 2.18 %. R.B.I INCREASE
THE REPO & REVERSE REPO RATE BY 25 BASIS POINTS. WITH THAT MONTHLY INFLATION ALSO GONE UP. THAT HELP INDICES TO COME DOWN. WHOLE WK MARKET TRADE WITH AVERAGE VOLUME. FII REMAIN NET SELLERS WITH WKLY NET
POSITIONAL IN CASH DN 2263.34 CR. DII WKLY NET POSITIONAL IN CASH UP 1029.93 CR. NIFTY TRADING NEAR CRUCIAL LEVEL. IF NIFTY MANAGE TO CLOSE BELOW 5350 FOR 2-3 DAYS THEN ONLY SUPPORT AROUND 5230-5170. BELOW 5170 MORE DOWNSIDE WILL BE SEEN. ON OTHERHAND UPSIDE SEEN VERY LIMITED. NIFTY WILL FIND STIFF RESISTANCE AROUND 5450-5500-5600.

NIFTY 7 DEMA 5442.36.
NIFTY 20 DEMA 5484.49.
NIFTY 200 DEMA 5590.66.

RELIANCE FALL AROUND 8 % LAST WK. ITS HAS SUPPORT NEAR 840. IF IT WILL SUSTAIN THN WE LL SEE BOUNCE BACK UP TO 885-903-915. & FAIL TO SUSTAIN IT THEN WE LL SEE 800-775-750 LEVEL.

SBI FIND GOOD SUPPORT NEAR 2200 LEVEL. ABOVE THIS WE LL SEE 2320-2450 LEVEL. IF IT WILL CLOSE BELOW 2200 THN 2110-2050-1950 WILL BE SEEN.

LT FIND STIFF RESISTANCE AROUND 1740 LEVEL. TRADE BELOW 1620 WILL DRAG LT 1565-1500-1465 LEVEL.

APOLLO TYRE SHOWS GOOD MOVEMENT IN NEGATIVE MARKET. AFTER LONG TIME IT SUSTAIN ABOVE 74 LEVEL. SUSTAIN ABOVE THIS LEVEL WILL TAKE IT 78-82-85 LEVEL.

MARKET REMAIN IN NARROW RANGE. SENSEX ALMOST CLOSE FLAT -0.59 % & NIFTY CLOSE -0.56 %.  NO ONE INTERESTED IN MARKET NEITHER RETAIL INVESTORS, TRADERS & FII. FII REMAIN NET SELLER IN LAST WK & FII VOLUME ALSO VERY
LOW. ON OTHER HAND DII REMAIN NET BUYERS. FII WKLY NET POSITIONAL IN CASH DN 233.43 CR. DII WKLY NET POSITIONAL IN CASH UP 647.70 CR. WKLY INFLATION AGAIN GO UP, EARLY MANSOON DOESN'T GAVE ANY RELIEF TO MARKET.DECREASE IN IIP DATA DRAG MARKET DOWN. RBI MONETARY POLICY MEETING WILL HELD NEXT WEEK MARKER EXPECTING 25 BASIS POINT RATE HIKE. IT COULD DECIDE THE NEXT MOVEMENT OF MARKET. IF IT DOES THEN WE WILL SEE SELLING PRESSURE ON BANKING & REAL ESTATE STOCKS.
  NIFTY MADE HIGH OF 5570.10 BUT AGAIN FAILED TO SUSTAIN 200 DEMA & NIFTY CLOSE BELOW 20 DEMA & 7 DEMA LEVEL.NIFTY HAS GOOD SUPPORT AROUND 5440 IF IT WILL BRECK THN 5400-5365-5330 ARE SUPPORT AREA. & 5440 LEVEL SUSTAIN
THN BOUNCE BACK SEEN UP TO 5510-5570-5600.

STOCK TO WATCH FOR NEXT WEEK :

RELIANCE SPRT 938-934-928. RSTNCE 946-950-954.
SBI SPRT 2220-2185-2165. RSTNCE 2281-2305-2345.
LT SPRT 1660-1640-1600. RSTNCE 1708-1735-1765.
TATA STEEL SPRT 564-560-556. RSTNCE 574-578-581.
TATA MOTORS SPRT 1003-970-930. RSTNCE 1035-1055-1085.

THIS WK MARKET START WITH DOWN MOVEMENT BUT EXPIRY GIVE SOME POSITIVE MOVEMENT. WE SEE SOME SHORT COVERING  DUE TO EXPIRY. NIFTY MANAGE TO CLOSE ABOVE 7 DEMA 5430. VOLUME AS PREVIOUS WK REMAIN LOW NO MAJOR MOVEMENT  SEEN IN OPEN INTEREST ALSO. SENSEX ALSO CLOSE ABOVE 7 DEMA 18122. MARKET REMAIN HIGHLY STOCK SPECIFIC WITH  EARNINGS ANNOUNCEMENTS. FII REMAINS NET BUYERS IN SOME SESSION & NET SELLERS IN SOME SESSIONS. WHERE DII  REMAINS NET BUYERS IN WK.  FII WKLY NET PSNL IN CASH DN 129.78 CR. DII WKLY NET PSNL IN CASH DN UP 1028.36 CR. SO FAR NIFTY TAKE GOOD SUPPORT AROUND 5330-5370. NIFTY WILL FACE RESISTANCE AROUND 5500-5545-5605. SUSTAIN
ABOVE 5605 WITH CLOSING BASIS WILL TAKE NIFTY 5650-5700.

STOCK TO WATCH FOR NEXT WK :

RELIANCE SPRT 940-933-921. RSTNCE 965-975-995.
AFTER 2 WKS FALL SBIN SHOWS SOME STABILITY.
SBIN SPRT 2200-2185-2165. RSTNCE 2266-2310-2380.
LT SPRT 1615-1595-1565. RSTNCE 1665-1695-1710.

THIS WK MARKET OPEN WITH NEGATIVE NEWS OF HIKE IN FUEL PRICE. HIGH FUEL PRICE MEANS HIGH INFLATION. IN COMING DAYS WE WILL SEE SOME RATE HIKE IN DIESEL ALSO. THIS WK ALSO MARKET TRADE WITH LOW VOLUME & LOW OPEN INTEREST. ON WKLY BASIS SENSEX LOOSE -1.11 % & NIFTY LOOSE -1.05 %. LOW PARTICIPATION WAS SEEN FROM  RETAIL INVESTORS & FROM FII & DII ALSO. FII WKLY NET POSITIONAL IN CASH DWN 1038.53 CR. & DII WKLY NET POSITIONAL IN CASH ALSO DWN 8.89 CR. SBIN RESULT MAKE HIGE IMPACT ON MARKET SBI LOOSE MORE THAN 10 % & OTHER SIDE L&T RESULT GIVE IT SOME POSITIVE MOVEMENT. NIFTY SO FAR TAKE A GOOD SUPPORT AROUND 5405-5400 LEVEL. FRIDAY BOUNCE HELP NIFTY TO CLOSE ABOVE 7 DEMA BUT NIFTY FACE MAJOR HURDLE AROUND 20 DEMA @ 5562 &
200 DEMA 5615. AS ABOVE MENTION THERE VERY LOW VOLUME IN MARKET SO WE HARDLY EXPECT ANY MAJOR MOVE. IN  NEXT WK NIFTY WILL TRADE IN THE RANGE OF 5600-5400.     

NIFTY FUTURE SUPPORT 5445-5405-5370.
NIFTY FUTURE RESISTANCE 5522-5565-5622.

STOCK TO WATCH FOR NEXT WK:

RELIANCE SPRT 915-900-885. RSTNCE 935-945-962.
SBIN SPRT 2310-2253-2210. RSTNCE 2365-2395-2438.
LT SPRT 1610-1555-1530. RSTNCE 1665-1695-1715.
IDFC SPRT 134-132-129. RSTNCE 139-144-148.
TATA STEEL SPRT 577-572-568. RSTNCE 584-591-602.

One more slugsh wk saw in market. Sensex gain only 0.07 %  in this wk & nifty loose 0.12%.  We saw 5472 level on lower side Whole wk mkt trade in narrow range but State election result give some bust to market & nifty made high of 5605. Slugshness also seen in volume from low to high. FII remain in selling mode. DII shows some positive fig. Stock specific movement was seen in market & it ll remain highly stock
specific in next wk also. with the range of 5470-5630. Fresh upmove will see only abv 5950 on closing
basis with good volume. Strng suprt exst at 5330 if it ll breck on closing basis thn more dwnside ll be seen.

 Nifty 7 DEMA 5551.
 Nifty 20 DEMA 5632.

Nifty Suprt 5505-5470-5400.
 Nifty Rstnce 5595-5630-5730.

 FII wkly net psnal in cash dn 234.87 Cr.
 DII wkly net psnal in cash up 395.11 Cr.
  
 Stock to watch :

 RELIANCE Sprt 935-915-890. Rstnce 953-972-996.
 SBIN     Sprt 2610-2590-2560. Rstnce 2680-2692-2720.
 LT       Sprt 1510-1490-1460. Rstnce 1537-1584-1620.
 IDFC     Sprt 128-124-120. Rstnce 134-141-145.
 TATA MOTORS Sprt 1196-1160-1130. Rstnce 1230-1270-1320.

Market Keep its downwrd move this wk also. Sensex loose 3.23 % & nifty loose 3.44 % ths wk.
R.B.I. 50 basis point hike in Repo rate & Reverse Repo rate drag market down. Banking , Auto &
Reality stock help market to trade in lower range. We ll see some more rate hike in RBI next meeting.  Thursday nifty breck its trend line support at 5500 & close below it but on friday manage to close abv this line with some modest gains. Next wk we ll see some more upmove in mkt. Nifty will resist arnd 5625-5700. Fresh upmove ll see only abv 5950 with good volume. support arnd 5470-5400-5300. below 5300 we ll see fresh downside movement. FII remain net sellers in market.

FII wkly net psnal dn 3876.66 Cr.
DII wkly net psnal up 3325.68 Cr.

Stock to watch :
Reliance  Sprt 940-935. Rstnce 965-985.
LT Sprt 1530-1480. Rstnce 1575-1620.
BHEL Sprt 2020-1990. Rstnce 2065-2095.

Last monday market open with high note but once again 5900 will act as a strong resistance level & on higher side market lose its momentum & close blw 5750 level. This wk Sensex dn 2.29 % & Nifty dn 2.13 %. Next wk is very important in market in term of indication & level. RBI will meet on 3rd may. & Nifty trading near its important support level if nifty breck 5640-5600 level with volume thn we ll see more dwnside. On other hand if this level sustain thn 5900-5950 ll act as a mjr restnce level only abv this level we ll move towards new high.  

Nifty support 5700-5660-5600.
Nifty Resistance 5820-5865-5930.

FII wkly net psnal dn 3165.96 Cr.
DII wkly net psnal up 1169.25 Cr.

Crude trading near year high level 11386 $. As last wk stated close above 115 $ level will take Crude oil
120-123-125 levels.

Gold strongly moving at higher level cmp 1563.43 $. Very soon we ll see 1600 $ - 1650 $ level. Good suprt arnd 1495 $ - 1465 $.

Stock to watch for next wk. :
RELIANCE Sprt 960-930-890. Rstnce 996-1012-1024.
LT Sprt 1560-1500-1480. Rstnce 1630-1665-1695.
SBN sprt 2785-2720-2690. Rstnce 2850-2885-2930.
BHEL Sprt 1975-1935-1900. Rstnce 2047-2090-2130.
(Bhel 3-4 cnstv close blw 1900 level will show more dwnside.)
INFOSYS Sprt 2880-2820-2760. Rstnce 2945-2965-3021. 
TATA STEEL Sprt 607-600-585. Rstnce 620-635-665.

Sensex & Nifty gains 1 % this week. Monday nifty breck 7 DEMA & 20 DEMA but there after it sustain
close above these both levels. Nifty spot will face resistance around 5950-5975 If it will close above this
level then we will see 6100-6200. This wk wkly inflation again rise. RBI will meet on 3rd may for qtry review we expected atleast 25 basis point hike in repo rate & reverse repo rate. Market remain highly volatile in next wk due to expiry & RBI meet. High volatility will be seen in banking & Real estate sectors.

Nifty Support 5820-5760-5660-5580.
Nifty Resistance 5950-6030-6090-6150.

FII wkly net psnal in cash up 1212.42 Cr.
DII wkly net psnal in cash up 576.92 Cr.

Crude shows good strength around 105 $ -106 $. Close above 115 $ level will take Crude oil 120-123-125 level.& below 104 $ level 100-98-96 are good support. 
        
Gold moving towards 1600 $-1700 $ level. 

Stock to Watch for next wk :

Reliance Sprt 1012-996-980-960. Restnce 1057-1090-1125.
LT Sprt 1695-1660-1600. Rstnce 1725-45-1770-1810.
SBIN Sprt 2800-2760-2690. Rstnce 2880-2940-2990.
Bhel Sprt 2000-1960-1900. Rstnce 2130-2145-2195.
(Bhel 3-4 cnstv close blw 1900 level will show more dwnside.)
Infosys Sprt 2881-2840-2800. Rstnce 2940-2990-3040.

Only 3 trading session & low volume in market increase volatility. This wk Sensex remain flat with -0.33 %
& nifty with -0.30 %. On wednesday due to negative global cues market open with gap down but take
a support near at 5735 level & recover very sharply & manage to close above 5900 level. With very low
FII & DII figure. On friday Qtrly result start with infosys & Infosys number came below as market expectation  & it close below 9 %. with this market loose it  gains. Monthly inflation (march) fig came 8.98 % v/s 8.31 %. RBI ll meet first wk of may & we ll see 25 basis point hike in repo & reverse repo rate.
As last wk stated nifty made a DOJI on wkly chart & this wk nifty needs to be close below last wk
closing level & nifty manage this. Nifty trading range for next wk 5600-5950. Closing above 5950
ll take nifty towards 6100-6250.

Nifty support 5745-5675-5600.
Nifty resistance 5845-5910-5955.  

FII wkly net psnal in cash dn 919.05 Cr.
DII wkly net psnal in cash dn 101.86 Cr.

We saw volatility in crude oil also. It fall from 113 $ to 106 level now closed at 109.45 $.
Gold move towards the 1500-1650-1750 $ level. Good support arnd 1440-1385 $.

Stock to watch for next wk. :
Reliance Sprt 1003-988-970 . Rstnce 1025-1055-1090.
LT Sprt 1695-1645-1590. Rstnce 1745-1795-1835.
BHEL Sprt 2185-2055-1960.  Rstnce 2243-2350-2440.

Ths wk market remain flat. Sensex gain only 0.16 % & nifty gain 0.27 %. Nifty find resistance arnd 5950.
Wkly inflation fig dsnt show any change. High crude oil price remain concern for our market.
Last wk nifty fut trade in low volume. 7th april nifty fut record lowest volume in this year. Open Interst
also remain low in ths wk. Nifty made a DOJI pattern in wkly chart. It is a reversal sign but we need confirmation in nxt wk trading range & from volume also. Nxt wk we have only 3 trading session so its interesting to see how market behave. Nifty trading range for nxt wk 5700-5950. if nifty sstn blw 570 thn we ll see some more dwnside.  

Nifty spot 7 DEMA 5842.19.
Nifty spot 20 DEMA 5711.45.
 
FII wkly net psnal in cash up 2461.71 Cr.
DII wkly net psnal in cash dn 1789.92 Cr.

Crude oil trading at 113.17 $.

Gold trade near high 1474.60 $.
Silver trade near high 40.95 $.

The rally continue this wk also. Sensex gain 3.21 % & Nifty gain 3.04 %.
Asian mkt recover & FII tremends buying kept our mkt at higher level. 5855 became restnce for nifty spot
& 5885 in nifty future. After 5 trading days nifty manage to close slight blw bollinger upper band.

Nifty sprt 5810-5760-5740-5660.
Nifty rstnce 5855-5890-5950.

Nifty 7 DEMA 5726.41.
Nifty 20 DEMA 5599.14. 

FII wkly net psnal in cash up 6661.03 Cr.
DII wkly net psnal in cash up 3505.51 Cr.

Crude oil trading abv 108 $. If it ll remain on higher side thn we ll see some profit booking in
banking & real estate stocks. Inflation wkly fig came blw 10 % but higher crude oil price ll be concern.

Gold ( cmp 1428.20 $.) sstn abv 1440 $ thn we ll see some more upside.

Stock to watch for nxt wk.I

Reliance Sprt 1030-1015-1000. Rstnce 1055-1075-1095.
LT Sprt 1640-1625-1590. Rstnce 1675-1695-1725.
BHEL Sprt 2100-2070-2040.  Rstnce 2185-2230-2290.
Tata Motors Sprt 1220-1186-1130. Rstnce 1250-1285-1320.
SBIN Sprt 2705-2690-2640. Rstnce 2770-2840-2890.
Tata Steel Sprt 617-610-603. Rstnce 630-660-685.
Idfc sprt 155-150-143. Rstnce 166-175-185.

What a weekend for market. Nifty jump frm 5348.20 to 5667.10 & finly manage to close abv 5600 lvl.
abv 200 DEMA. Sensex & Nifty both record more than 5% gain. Banking, IT & almost all sector shown
good movement. Now on daily chart Nifty shown on over bought & it alost close abv upper lvl of Bolling band.  Its very interesting to see how nifty ll behave.

FII wkly net psnal in cash up 2205.37 Cr.
DII wkly net psnal in cash up 1320.05 Cr.

Nifty 200 DEMA 5584.45.

NIfty sprt 5620-5580-5500.
Nifty rstnce 5700-5750-5800.

Crude Oil trading at 105.52$. Few years ago when Crude oil price was rising thn many countires decided
to use Nuclear power plant. One report stated tht aronund 15 % of world's  electricity is generated from nuclear power plant.Some countries had allready depended more on this energy. But after earthquake & stunami hit japan & we all know wht happen with japan nuclear power plant there some explostn & some rediation out from nuclear plant that was the worry for rest of the world. There speculation is some countires ll prefer Oil than nuclear power after this incident. If this ll happen thn we ll see more rise is crude oil may be it ll breck its previous high but keep in mind tht this ll long term process the rise ll not happen in short term period. 

Stock to watch for next wk :

Reliance Sprt 1009-990-970. Rstnce 1035-1055-1085.
LT Sprt 1580-1555-1530 Rstnce 1625-1670-1725.
BHEL Sprt 2050-2000-1970.  Rstnce 2145-2190-2265 .
Tata Motors Sprt 1165-1130-1070. Rstnce 1195-1230-1280 .
SBIN Sprt 2665-2620-2590.Rstnce 2720-2770-2820.
Tata Steel Sprt 610-603-590. Rstnce 618-630-645.

Mkt this wk

This wk mkt remain very volatile betwn 5600-5350. Monday we saw good upmove but once again mkt
resist at higher lvl arnd 5550-5600 level & 5400 on lower lvl. friday mkt manage to close blw 5400 (5373.70) lvl.
Monthly inflation fig rise (feb.) 8.31 % v/s (Jan.) 8.23 % (expctd blw 8 %) after tht it was expected tht RBI ll increase repo & reverce repo rate.On 17th RBI raise it by 25 basis point. Repo rate (Repo rate is the rate at which banks borrow from RBI) 6.75 % from 6.50% & Reverce repo rate (Reverse repo is the rate at which bank deposit the surplus money with RBI ) 5.75 & from 5.50 %. CRR remain unchange at 6 %. RBI declare tht march end inflation fig ll be arnd 8 %. higher than thr previous expctn arnd 7 %. We ll see more rate hike in this year. Higher price in crude oil & higher inflation become problem for RBI.
Volatility seen in Crude Oil also it fall from 105 $ to 96-97 $. Yestrday news came tht UNSC (United nations Security Council) Declare Libiya "NO FLYING ZONE" after tht Crude again go up & manage to close abv 101 $. (cmp 101.62 $.). Last night news came tht 'Libiya said it is ceasing military action & will start talks with rebels.'

FII wkly net psnal in cash dn 1224.01 Cr.
DII wkly net psnal in cash up 1629.84 Cr.

Nifty 200 DEMA 5589.37.
Nifty  50 DEMA 5554.19.

Nifty Sprt 5250-5300-5350.
Nifty Rstnce 5400-5435-5520-5555.

Stock to watch for nxt wk :

Reliance Sprt 985-970-950-930  Rstnce 1009-1030-1055-1090.
LT Sprt 1510-1470-1460 Rstnce 1550-1570-1610.
BHEL Sprt 1900-1850-1800 Rstnce 1970-2010-2070.
(more dwnside ll be seen if Bhel close blw 1900.).
Tata Motors Sprt 1110-1080-1040 Rstnce 1150-1170-1195-1240.
SBIN Sprt 2550-2500-2450 Rstnce 2670-2720-2770-2810.
Tata Steel Sprt 595-580-575 Rstnce 605-615-630.
(200 DEMA 603.09).

We saw good after budget rally but once again nifty unable to breck & sstn abv 5600 level.
Nifty made low of 5404 & high 5563 both in  intraday only. unable to close blw 5400 &
unable to close abv 5600. Mkt ll remain range bound. Mkt remain highly stock specific only.
Profit booking take place at higher level. The follow up buying or Selling was not seen in mkt. & volume also not
much supportive. After breching 5400/5200 or 5600 ll decide the next direction.

After middle east tension , earth quack & tsunami in japan drag the market down.
But this may not be the end of story.
As per CNN report we ll see some more unrest in middle east.
http://edition.cnn.com/2011/WORLD/africa/03/08/middle.east.africa.unrest/index.html

Monetary policy ll be declare on 17th. May be rate ll remain unchange.

FII wkly net positional dn 64.77 Cr.
DII wkly net positional up 239.32 Cr.

Nifty 200 DEMA 5595.91.
Nifty  50 DEMA 5575.05.

Nifty Suprt 5400-5300-5200
Nifty Rstce 5500-5550-5590-5610.

Stock to watch for next wk

Reliance  Suprt 970-950-930  Rstnce 995-1009-1030.
LT suprt 1530-1500 1460 Rstnce 1600-1630-1680-1700.
BHEL Suprt 1960-1900-1820 Rstnce 2070-2180-2360.
TATA MOTORS Suprt 1120-1070-1030 Rstnce 1175-1210-1260. 
(Tata Motors close blw 1030 thn more dwnside ll be seen.)
TATA STEEL  Suprt 570-550-500 Rstnce 630-660-680.
SBIN Suprt 2550-2500-2380 Rstnce 2660-2720-2800.