30 November-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 4837-4785- levels and Support is seen at 4702- 4739 levels.
The SGX nifty is trading DOWN by 30 points at 4782
Curcial support is seen at 4688

...-4642-4700-4730-4796-4846-4901-4948-4987

Market may open with a downside note and is expected to             trade volatile. Last support for Nifty will be at 4739.

SENSEX (16008)

Sensex has Resistance at 16043 and 16140. Support at 15945, 15839 and 15690.

NIFTY (4805)

Resistance at 4837, 4865 and 4891. Support at 4785, 4750 and 4739

RECOMMENDATIONS

1)    BANK OF BARODA (714.65)

       Support at 711 below 702 and 685. Resistance at 718 and 723. (Sell at higher)

2)    HDFC BANK (435.2)

Resistance at 438 above it can test 444. Support at 432 below 428 and more. (Sell at higher)

3)    DLF (202.65)

.           Resistance is at 205 above it can test 208. (Sell at higher) Support at 199 and 195.

4)    DR REDDY (1595)

         Resistance at 1605 above 1615. Support at 1582 below 1565. (Sell at higher)

5)    SBI (1761.2)

    Resistance at 1785 and 1799 (Expect highly volatile movements). Support at 1749 below it may find support at 1735 and more.

DERIVATIVE STRATEGIES

  

SELL HCL TECH FUTURES AT 395

SELL RELIANCE INDUSTRIES FUTURES AT 771