Incredible Inspirations

Nifty (4847): the crucial support for the Nifty is at 4699 and resistance is at 4961-5050.

Sensex (16353): The crucial support for the Sensex is 16221-15861 and the resistance is at 16721-17016-17107

It was a disappointing day of trade today as the market closed at the low point of the day. Market saw the biggest point fall on the Sensex and Nifty since August 17 post the RBI's credit policy blow in the afternoon. The policy hit real estate stocks hard that dragged the market lower and Nifty breached the crucial 4900 level. Market also recorded the third highest turnover of Rs 1.46 lakh crore on account of F&O expiry and resultant volatility this week. Sensex shut shop at 16353, down 387 points and Nifty at 4846, down 124 points from the previous close. CNX Midcap index was down 3.68% and BSE Smallcap index was down 4.42%. The market breadth was in the negative with advances at 113 against declines of 1174 on the NSE. Top Nifty gainers included Wipro, Tata Motors and Sun Pharma while losers were Reliance Capital, Hindalco and Unitech.

we said ‘the market has cracked and closed below 4987 mark thus comprising the up trend but I still think 4900 will hold until F&O expiry and violent up move is still not ruled out to trap the shorts’ the market cracked the 4900 mark and confirmed the termination of the up trend…so far the trends seems to be sideways with a negative bais

Free Intraday Tips 

PTC ( PTC India Limited )

BUY ABOVE 98 sl-94.5 tgt1-101.5 tgt2-103 tgt3-105 tgt4-107

SELL BELOW 94 sl-95.1 tgt1-92.5 tgt2-90 tgt3-87 tgt4-85

NUCLEUS ( Nucleus Software Exports )

BUY ABOVE 110.5 sl-109.4 tgt1-112.5 tgt2-115 tgt3-117.5 tgt4-120

SELL BELOW 108 sl-110 tgt1-106 tgt2-104 tgt3-102 tgt4-100

PVP ( PVP Ventures Limited )

BUY ABOVE 47 sl-45.5 tgt1-48.5 tgt2-50 tgt3-51.50 tgt4-53

SELL BELOW 45 sl-46 tgt1-44 tgt2-43 tgt3-42 tgt4-41

MCLEODRUSS ( Mcleod Russel India Ltd. )

BUY ABOVE 204 sl-202 tgt1-208 tgt2-212 tgt3-215 tgt4-220

SELL BELOW 201 sl-203 tgt1-198 tgt2-195 tgt3-192 tgt4-188

THINKSOFT ( Thinksoft Global Services Limited )

BUY ABOVE 197 sl-192 tgt1-205 tgt2-212 tgt3-218 tgt4-225

SELL BELOW 182 sl-186 tgt1-177 tgt2-172 tgt3-165 tgt4-155

TATAMOTORS ( Tata Motors Limited )

BUY ABOVE 553 sl-548 tgt1-562 tgt2-575 tgt3-582 tgt4-595

SELL BELOW 545 sl-551 tgt1-536 tgt2-525 tgt3-515 tgt4-501