01 November- 2011-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 5401-5454 - levels and Support is seen at 5304 5276 levels.
The SGX nifty is trading down by 18 points at 5329
Curcial support is seen at 5238
FII's were net BUY rs 358 cr in case market  (31-10-11)


5057 -5128- 5240 - 5301- 5372 - 5402- 5457- 5488- 5546- 5576

Market may open with a downside gap and is likely to trade sideways. Highly volatile movements can be expected.

SENSEX (17704)

Sensex has resistance at 17791, 17790, 17840 and 18010. Support at 17546, 17465 and 17395.

NIFTY (5326)

Resistance at 5348, 5358, 5387 and 5400. Support at 5309, 5275 and 5218.

RECOMMENDATIONS

1)     PUNJAB AND SIND BANK (74.8)

   Support at 73.9 and 72.1. Resistance at 75.5 above 79 and 83. (Buy at declines)

2)     HAVELLS (355.45)

Support at 351 below 343. Resistance at 358 above 362 and more. (Buy at declines)

3)     UCO BANK (75.25)

Resistance at 77 above 79 and 82. Support at 72 below 70.5. (Buy at declines)

4)  BHEL (317.8)

  Resistance is there at 321 above 327. Support at 313 below more selling expected. (Sell at higher)

5)     TATA GLOBAL (92.6)

   Resistance is there at 94 above 96 and 99. Support at 91 below 89.4. (Buy for delivery)  

DERIVATIVE STRATEGIES

   

  BUY HDFC FUTURES AROUND 682 LEVELS

   

   BUY SUN PHARMA FUTURES AROUND 497 LEVELS