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.