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.