25 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 4830-4775- levels and Support is seen at 4722- 4638 levels.
The SGX nifty is trading down by 53 points at 4723
Curcial support is seen at 4664

4700-4730-4796-4846-4901-4948-4987-5057 

Market may open with a downside note and is likely to trade sideways. But higher level selloff is likely.

 SENSEX (15858)

Sensex has resistance at 15935 and 16000. Support at 15721, 15663 and 15446.

NIFTY (4756)

Resistance at 4777, 4840 and 4893. Support at 4722, 4700, 4664 and 4640.

RECOMMENDATIONS

1)     RCF (57.3)

   Support at 55.4 below 54.3. Resistance at 58 above 59.4 and 60. (Buy at declines)

2)     HDFC BANK (429.65)

Support at 424 below 417. Resistance at 435 above 441. (Sell at higher)

3)     RANBAXY (429.5)

Resistance at 434 above 441. (Buy at declines). Support at 422 below 419.

4)  RELIANCE (773.15)

  Support at 768 below 754. Resistance at 780 above 788. (Sell at higher)

5)     TATA STEEL (385.6)

   Resistance is there at 392 above 396. Support at 382 below 378 and more. (Sell at higher)  

DERIVATIVE STRATEGIES

           SELL LIC HOUSING FUTURES AROUND 217 LEVELS

        SELL PETRONET FUTURES AROUND 160 LEVELS