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.