SHORT COVERING RALLY

Short covering seen in Nifty futures and calls once nifty started trading over 5000 level which now holds the key and is the immediate balancing point. For strength Nf has to trade over 5048- 5068 and preferably 5094 with today's resistance in the zone of 5135-5140 ..... ultimate target still remains 5300+.

WEAKNESS TO STAY

Infosys result.... RIL Bonus... global positivity ... failed to cheer the market . Pivot for this week is Nf 4977 with support in the range 4875-4845 and resistance around 5023. Only close over 5036 can start the upmove.

INFOSYS TO SET THE TREND

Infosys earnings can change the sentiment of the market which is oscillating around 5000 mark since last one week. Pivot for today is NF 5003 with weekly pivot as 5047 acting as resistance.... support lies around 4972-4964-4942 for this wave. Bearish below Nf 4981 and strength over 5020.

ENJOY RIL BONUS !!

Market expected to Gap up as RIL may open 100-150 points up; with profit taking coming at these levels. However, market remains range bound 4950-5050 zone. Today's pivot is NF 5006 with resistance at 5035-5047 and support at 4964-4943.

EVENLY POSED

Market tested the pivot of this month which is around 4910 and reacted sharply. Pivot for today is Nf 5001 and pivot for this week is 5047. Today's resistance could be NF 5062-5088 wheras support lies around 4988-4968

CONSOLIDATION

Nifty may consolidate here with positive bias waiting for results .. Today' pivot is NF 5021 for target 5045 and resistance around 5074-5080 and support at 5008-4980

SENSEX CROSSES 17K

September month closing over 17000 in sensex and 5000 in Nifty confirms the bullish trend. For october, NF 4908 is the pivot with first resistance around 5213-5245 and support around 4794-4736. For bullishness to stay, Nf has to trade over 5027 .
For today, the Pivot and support is NF 5046 with resistance at 5097-5120 . Bullishness only over 5027.

DIRECTIONLESS

Market waiting for some cue as yesterday saw gap up opening and then consolidation with positive bias by holding with RIL & ONGC . Today's pivot is NF 5000 with resistance at 5016-5042 and support at 4986-4976... Break of 4960 will lead to testing of 4931.

RANGE BOUND

Watch out for NS 4931 as it will remain bullish over 4931 for target 5004 and resistance at 5042. Cross of NF 5025-5042 can take it to 5118. We are in strong supply zone....

CONSOLIDATION TO CONTINUE

Pivot for today is 4978 with support around 4928-4945 and NS 4890 as last hope for bulls. Only close over NF 4525 will resume the upmove.