Sunday, 15 May 2011

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.