Sunday, 29 May 2011



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.

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