TECHNICAL ANALYSIS & DERIVATIVES STRATEGIES

: 19thNovember 2007










Market may open with a firm note and is expected to test key resistance levels. Short Covering can be seen if Nifty moves above 6000 levels.




SENSEX (19698)

Sensex has immediate resistance at 19785 and 19987 levels. If moves up, it may test 20035.Sensex has immediate support at 19588 and 19482 levels.

NIFTY (5906)

Nifty has immediate resistance at 5948 and 6012 levels. If moves above, further uptrend is likely. Support for the Nifty will be at 5888 and 5872 levels. If moves below, it may test 5829.


EXIDE INDUSTRIES (73.65)

The stock has support at 72 and 71.55. Minor resistance at 74.35, if moves up with volumes, expect all round buying and it may test 77.50, 79 and 87 in the medium term. (Buy for investments)


INDIA CEMENTS (291)

The stock has minor resistance at 294, above it may test 299 and 301, if trades above expect a price target of 308 and 317. Support at 288 and 285. (Buy at declines)

INDUS IND BANK (112.85)

The stock is bullish and having resistance at 117, if trades above with volumes it may test 121 and 127. Support at 111 and 108. (Buy for deliveries)


SBI (2327)

The stock has support at 2318 and 2305. Minor resistance at 2335, above expect all round buying and it may test 2365 and 2388 or even further. (Buy at declines)

LANCO INFRA (452.25)

The stock may face strong resistance at 458, above it may test 465 and thereafter it may test 477 and more. Support at 450 and 447. (Buy at declines)


DERIVATIVES STRATEGIES


BUY INDIA CEMENTS FUTURES – OUTLOOK POSITIVE.


BUY SBI, OUTLOOK BULLLISH – BUY FUTURES





Disclaimer: The information contained here was gathered from sources deemed reliable; however, no claim is made as to its accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or times, nor should any of the examples presented be deemed as such. There is a risk of loss in trading stocks and stocks options and you should carefully consider your financial position before making any trades. This is not, nor is it intended to be, a complete study of chart patterns or technical analysis and should not be deemed as such. GEOJIT FINANCIAL SERVICES does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of investors without any liability on GEOJIT FINANCIAL SERVICES whatsoever. Stock trading involves high risks and you can lose a significant amount of money.

































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