18 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 4973-4948- levels and Support is seen at 4921- 4862 levels.
The SGX nifty is trading down by 28 points at 4898
Curcial support is seen at 4816

4796-4846-4901-4948-4992-5057 -5128-5165-5240 

Market may open with a downside gap and is likely to trade lower. Selective buying can be seen by noon.

SENSEX (16461)

Sensex has resistance at 16545, 16638 and 16710. Support at 16347, 16222 and 16148.

NIFTY (4934)

Resistance at 4950 and 4975. Support at 4921, 4905, 4882 and 4860.

RECOMMENDATIONS

1)     INFY (2753.5)

   Support at 2745 below 2732 and 2705. Resistance at 2765 above 2795. (Expect lower opening and sideways movements)

2)     ZENSAR TECH (122.1)

Support at 118 below 114. Resistance at 123.55 above 127. (Buy at declines)

3)     SUZLON (25.65)

Resistance at 26.5 and 27.25 (Sell at higher). Support at 25.1 below it may test 24.1 and 22.75.

4)  ADANI ENTERPRISES (351)

  Support at 347 below 342 and 331. Resistance at 357 above 365. (Expect volatile movements)

5)     WIPRO (367.65)

   Resistance is there at 371 and 376. Support at 363 below 359 and 355. (Sell at higher)  

DERIVATIVE STRATEGIES

    

       SELL SBI FUTURES AROUND 1768 LEVELS

      

  SELL DR REDDY FUTURES AROUND 1565 LEVELS