Indian Market outlook:-

Indian Market outlook:-
Indian equities are expected to  open in green following postive asian  cues and remain range bound in latter session... 
Techonically nifty as an interday resistance at-5178-5282 levels and Support is seen at 4957-4842  levels.

The SGX nifty is trading up by 84 points at 5180
Curcialsupport is seen at 5112
FII's were net sellers rs 2105 cr in case market yesterday (9-08)


அமெரிக்கா தன்னுடைய வட்டி விகிதத்தை உயர்த்தாது ,பொருளாதார ஊக்கிவிப்பு  தொடரும் என்ற அமெரிக்காவின் அறிவிப்பால் உலக பங்கு சந்தைகள் உய்ர்ந்துள்ளது. 

Market may open with a positive note and is expected to trade sideways. Minor profit booking can cause volatility.

SENSEX (16857)

Sensex has support at 16622. Resistance at 16987, 17088, 17221 and 17400.

NIFTY (5072)

Resistance at 5072, 5083, 5132, 5178 and 5231. Support at 5035 and 5000.

RECOMMENDATIONS

1)     GSPL (102)

   Support at 99.8 below 97. Resistance at 103 above it can test 106 and 109. (Buy at declines)

2)     MADRAS CEMENTS (83.6)

    Support at 82 below 79.1.  Resistance at 85 above 88 and 93.  (Buy at declines)

3)     INFY (2374)

Support at 2365 below 2350. Resistance at 2388 above 2399 and 2438. (Intraday call).

4)  STERLITE (134.95)

   Resistance at 138 above 141 and more.  Support at 133 and 131. (Buy at declines)

5)     VIP INDUSTRIES (728)

   Resistance is there at 740 above it can test 756, 768 and more. Support at 714 below 703. (Buy at lower)

DERIVATIVE STRATEGIES

     

  BUY ICICI BANK FUTURES AROUND 932 LEVELS

 BUY MARUTI FUTURES AROUND 1203 LEVELS