Market Roundup
Another day of consolidation and it looks very good also. As 3700 is intact in cash segment no concern. Immediate support level is 3698.65
Nifty junior & bank nifty was up but CNX 100 & IT index was little bit down.
But nifty is defenitely looking for next milestone. Sensex is getting pressure from the key figure of 13000.
I think in Deepali trading both the 13000 & 3774.25 for Sensex & nifty shall break
Nifty Res. levels are 3724.55/3738.45/3750.10
Sup. levels are 3698.65/3687.28/3673.05
Sup. levels are 3698.65/3687.28/3673.05
On Intraday Buy on decline is the strategy
Picks of the Day
Nifty fut. Buy on decline ard 3719 SL 3707.90 Tar 3731.95/3742.55/3755.85
Nifty 3700 CE Buy with SL 45.90 (52.35 key level) Tar 58.55/65.70/72.70
Nifty 3750 CE Buy with SL 16 (25 key level) Tar 29.90/33.50/38.90
- Both calls hold for next 5 days gives better result
Wipro Buy on decline with SL 545.25 Tar 578.75/600.20/612.05 - 600 may give little bit resistance
Airdeccan Buy on decline up to 104.10 SL98.40 Tar 109.70/112.50/115.35
- if close above 115 hold this share
Mahabank Buy above 38.50 SL 37.80 Tar 38.51/38.90/39.55
Balramchin Buy with SL 102.50 Tar 113.30/117.40/124.10
