Strong volatile last week due to financial crises in Dubai resulted big sell off in world market including our market and tested a low of 4806, but lower level valuation again emerged and smart money was come into the market and resulted on itnra day basis strong recovery and resulted closed at 4941. We may consider in coming trading session it will face resistance 5000, on reversal selling opportunity, higher level resistance are 5150-5180 likely continue. Trade with cautious approach and hedge your position by way of call/put options in either side.

On Tuesday strong opening and whole the day was remain positive and finally crossover their resistance level 5075, it was tested high 5130 and low was (not actual) 5038 and finally managed to close above 5100 which is extremely bullish singh.

Weekly trend decider are 4958 and real show only above that level and it will face resistance 5116-5180, thereafter sharp recovery can not be ruled out, down side support are 4789-4800-4631.

Today support are 5106-5075, Higher level resistance 5170,

Thereafter immediate target 5180-5200-5220 in few hrs..

NSE

Today support are 5100-4980, higher level crossover 5140, immediate target are 5180-5200 or above. Weekly trend decider 4963.

BSE

Today : Friday low are very crucial 16200, in coming days. Today support are 17121, crossover 17218, target 17300-17495. Weekly trend decider 16691

CNX IT

CNX IT: Over all trend is still bullish as remain hold 5000 mark, higher it will face resistance are 5471-5670, down side support are 5121-4970. Weekly Trend Decider 5320.OUR TARGET ARE 5700 +

BANK NIFTY

BANK NIFTY: Trend is mixed and last week low was 8591, and strong bounce back and closed at 8900 above. Over all trend is still bullish sign but confirmation only above 9000 if hold with volume. Down side support 8543-8146, higher level resistance 9300-9700 range and should be watch out please. 8946.

Major resistance 9350-9360, thereafter over all buying in banking stocks.