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 4929-4882 - levels and Support is seen at 4824- 4786 levels.
The SGX nifty is trading down by 39 points at 4829
Curcial support is seen at 4718   

Market may open with a downside gap and is expected to get lower level supports.

SENSEX (16151)

Sensex has resistance at 16216 and 16278. Support at 16082, 16000 and 15900.

NIFTY (4849)

Resistance is at 4880 and 4901. Support at 4830, 4805, 4793 and 4789.

RECOMMENDATIONS

1)       ICICI BANK (839.10)

   Support at 835 and 825 movements below can cause volatility, Expect lower level buying interest.  Resistance is at 846 and 853.  

2)       TATACHEM  (303.45)

    Resistance is at 308 and 310. Support at 301 if trades below it may test 293 and more (Sell at higher)

3)       ABG SHIPYARD (387.50)

Support is at385 if moves down it may test 382 and 377.  Resistance at 392 and 397. (Buy for delivery)

4)  AXIS BANK (988.50)

   Support at 982 and below it may test 975 and more.  Resistance at 1000 and 1012 (Sell at higher)

5) HERO MOTOCORP (1960)

  Support at 1952 and 1938.Resistance at 1972 and 1988. (Buy only at lower levels)

DERIVATIVE STRATEGIES

           

BUY HDFC FUTURES AT AROUND 462

  

 BUY ACC FUTURES AT AROUND 1088