Indian Market outlook:-

Indian equities are expected to get a  opening green on back of negative global cues and remain volatile due in latter session.
Technically nifty as an intraday resistance at 5040-5012 - levels and Support is seen at 4967- 4912 levels.
The SGX nifty is trading up by 16 points at 4996
Curcial support is seen at 4852
FII's were net  BUY rs 114 cr in case market  (11-10-11)

Market may open with a flat note and is likely to trade higher, but extreme volatile movements are expected with a negative bias.

SENSEX (16536)

Sensex has resistance at 16684, 16777 and 16813. Support at 16488, 16393, 16200 and 16090.

NIFTY (4974)

Resistance at 5011, 5043 and 5059. Support at 4958, 4941, 4890 and 4854.

RECOMMENDATIONS

1)     INFOSYS (2504)

   Support at 2460 below 2431 and if move down further more selling. Resistance at 2562 above 2602. (Expect volatile movements)

2)     AUROBINDO PHARMA (129)

Support at 127 and 123.9. Resistance at 130 above 133 and 135. (Buy at declines)

3)     SUN PHARMA (477.65)

Resistance at 480 above 484 and 506. Support at 474 below 469. (Buy at declines)

4)  BEML (487.1)

  Resistance is there at 490 above 494 and 500. Support at 482 below 478. (Buy at declines)

5)     RELIANCE (827)

   Resistance is there at 830 above 838 and 856. Support at 822 and 816.  (Buy at declines)

DERIVATIVE STRATEGIES

        

   BUY IDEA FUTURES AROUND 94 LEVELS

  

  BUY RANBAXY FUTURES AROUND 512 LEVELS