MARKETS ARE LOOKING IN THE PHASE OF CONSOLIDATION AND MAY CONTINUE IN THIS PHASE OF CONSOLIDATION ANOTHER COUPLE OF DAYS BUT IF MARKET BREACHES CRUCIAL SUPPORT LEVELS THEN WE MAY SEE INDEX TO FALL AND PROFIT BOOKING CAN BE SEEN IN THE DOWNSIDE AND LEVELS OF INDICIES MAY MOVE FURTHER DOWNSIDE.
TODAY MARKET WOULD BE VOLATILE WITH NEGATIVE BIAS WOULD REMAIN IN RANGE BOUND TILL IT BREACHES 4160 IF THIS LEVEL IS BREACHED THEN WE CAN SEE NIFTY TO TOUCH 4130 AND IF NIFTY MANAGES TO CLOSE BELOW 4160 THEN WE CAN SEE 4000 ON CARDS IMMEDIATELY. NIFTY RESISTANCE AT 4338 AND SUPPORT AT 4108
BUY ROLTA 102.50 TO 104 SL 98 TGT 108/112/116
SELL RELIANCE AT 2110-2115 SL 2140TGT 2085/2061
SELL SBIN AT 1700 SL 1726 TGT 1675/1657
SELL AXIS AT 740 SL 751 TGT 715/705/674
