Nifty Have Support near 4550-4535

Nifty will face resistance around the upper line of the bearish channel. However when that channel is surpassed, Nifty has a fair chance of a northward bounce. Nifty gave a closing above 10 DSMA after 17 straight days of negative closing, which is also an encouraging sign for the bulls. Today with a positive crossover in the momentum indicator KST there is a very decent chance of a bounce back. The levels to watch out are 4,536 on downside and 4,635 on upside. The market breadth was strongly dominated by bulls.
Go long in nifty above 4550-4535
All OIl Drilling Sector Stocks Looks positive. Like Atlas copco, Jindal Dril, shiv vani oil.
Ashapura Mine Buy above 201 tgt 206,210
ABAB Buy above 3750 tgt 3770,3790 Sell Below 3725 tgt 3710,3690
Look positive - Balmer lawri, EIL,
Scrip Name---- Support Levels----Close--- Resistance Levels---Action
----------------------S1---S2---(Rs)---R2---R1
NIFTY Futures---4500-4540-4570-4600-4650--Go long above R2.
Adlabs Film--------545---561---566---571--578--Go short below S2.
Century Text------564---580---588---595--609--Go short below S2.
DLF----------------475---485---491---496--501--Go short below S2.
ICICI Bank--------775---789---799---806--820--Go long above R2.
Infosys-----------1855--1898--1907--1924--1941--Go short below S2.
J P Associates-----173---177----179----181---184--Go short below S2.
Reliance----------2240--2261--2285-2301--2340-Buy on decline to S2.
Reliance Capital--1068--1096---1120--1131---1160-Go short below S2.
SBI---------------1300--1320--1326--1335--1340--Go short below S2.
Tata Motors-------504---511----516---522---530---Go long above R2.
Tata Steel---------833---843---848--854---864----Go short below S2.