Indian Market outlook:-

Indian equities are expected to get a  opening down on back of negative global cues and remain volatile due in latter session.
Technically nifty as an intraday resistance at-5122-5168levels and Support is seen at5032- 4967 levels.
The SGX nifty is trading down by 35 points at 5052
Curcial support is seen at 4912
FII's were net  BUY rs 395 cr in case market  (16-09)

Our markets are expected to open with a negative note and are expected to trade negative for the day tracking weakness in US index futures. Selective buying can be expected during the day.

SENSEX (16933)

Sensex has resistance at 17093 and 17200. Support at 16778 and 16646.

NIFTY (5084)

Resistance at 5135 and 5148. Support at 5072, 5031, 5000 and 4961.

RECOMMENDATIONS

1)     BGR ENERGY (361)

   Support at 355 below 352. Resistance at 365.25 above 371 and more. (Buy at declines)

2)     ELECON ENGINEERING (73.7)

    Resistance is at 75 above 77 and more. Support at 72.1 below 71.25. (Buy at declines)

3)     HAWKINS COOKER (1659)

Resistance at 1673 above it can test 1690 and 1785 plus. Support at 1625 below 1610. (Buy for short term)

4)  DR REDDY (1527)

   Resistance at 1532 if moves above with volumes then 1562 and 1573.  Support at 1515 below 1502. (Buy for delivery)

5)     SESAGOA (223.9)

   Resistance is there at 225 and 227. Support at 218 below 215-212. (Sell at higher)

DERIVATIVE STRATEGIES

     

      BUY DR REDDY FUTURES AROUND 1502 LEVELS

    

    SELL STERLITE FUTURES AROUND 137 LEVELS