The day’s low at 4,369 would now act as critical intra

On the contrary, the day’s low at 4,369 would now act as critical intra-day support, below which the index could slip very fast towards 4,300-4,270 levels. The advance decline ratio remained negative, but was better than that of yesterday. On intra-day charts, momentum indicators suggest a possible pull back till 4,560-4,600, which has bullish crossovers along with positive divergence. The bias remains as downswing matures, but targets around 4,270 could be pending and can be tested if 4,369 breaks the intra-day upside, reversals if any would be triggered above 4,531.
Torrent Pharma Keep SL 150 Tgt 160
Dishman Keep SL 300 tgt 310,315
BajajFinserv Buy above 675 tgt 685,695
Today You can news base movment in
Ranbaxy – Sell Company or Stack Sell
Grasim-Sell Unit
Natco Pharma- Collobration with foreign Company
Idea Cellular- Stack sell to Malasiya Telecom
GHCL- Stack Sell
Scrip Name----Support Levels Close Resistance Levels Action
----------------------S1---- S2---- (Rs)--- R2---- R1
NIFTY Futures-----4369- 4419 -4453 –4481-4529---- Go long above R2.
Adlabs Film ---------496—508--- 523--- 531—540---- Go short below S2.
Century Text -------566—574---581--- 585--- 590--- Go short below S2.
DLF ----------------467—475—480----486--- 492--- Go long above R2.
ICICI Bank ---------709—719--- 732--- 741--- 748--- Go long above R2.
Infosys ------------1800-1839- 1849 –1881- 1900--- Go short below S2.
J P Associates -------169—172—177-- -181--- 185-- Go long above R2.
Reliance ------------2139 –2164- 2199- 2224—2259-- Go long above R2.
Reliance Capital-----1070-1099- 1126- 1141- 1155- Go long above R2.
SBI -----------------1229 –1249- 1279- 1291- 1319- Go long above R2.
Tata Steel -----------799---- 809—821--- 827—835-- Go long above R2.