NIFTY ANALYSIS : Reacting to the negative sentiment of the overseas market, Nifty opened 80 points down from its previous day's close. It traded in the negative territory throughout the day and finally closed 142 points down from its previous day's close. We expect Nifty to get support around 4156, in fact Nifty touched an intra day low of 4159 and stayed above it. But more importantly Nifty future again formed a bearish Island of Reversal pattern. Although this pattern is a very rare sign, but in these days both Sensex and Nifty future has formed this pattern more frequently. This signifies the persistent weakness in indices. So let's see whether the level 4155 will provide support to Nifty or not. If broken, then Nifty may slide down to 3950-4000 zone. For Wednesday, support exists at 4155 and then at 4080. On upside resistance exists at 4255 and then at 4280.
NIFTY FUTURE : For a day trading view, Trade above 4226 lead it to the 4294 to 4399 level. At downside support at 4121 and then at 4053.
BSE SENSEX : For a day trader, Trade above 13890 lead it to the 14053 to 14316 and if cross this then go for 14479. At downside support at 13627 if break this then slide up to 13464.
RELIANCE : Now it try to touch 2052 if break this too then it slide up to 2022 to 1969 level. At upside it face resistance at 2105 and then at 2135 level if cross this too then it go for 2188.
SBI : For a day trader if trade above 1347 then it go for 1388 to 1459 level. At downside below 1276 it slide up to 1235 to 1164 level.
TATA STEEL : Stock in a bearish mode, now below 572 it open for 560 to 544 level at upside above 588 it go for 600 level but here it face strong resistance.
L&T : It face resistance at 2588 if cross this level then it go for 2651 and then 2757 level. At downside it found support at 2482 and if break this then tank up to 2419.
INFOSYS : Now keep eye on 1554 if cross this then it go for 1568 and then 1592 level at downside below 1530 it try to kiss 1516 and then at 1492.
ONGC : For a day trader, above 987 it go for 1014 to 1046 level. At down side it found support around 955 if break this then it go for 928 to 896 level.
REL CAPITAL : Above 1240 it go for 1272 to 1326 level. At downside found support around 1186 if break this then heavy panic may seen and lead it to the 1154 to 1100 level.
REL INFRA : It has a strong support at 880 level if don't break then it go for 928 and above this it will go for 956 to 1003 to 1031 level. below 881 it slide up to 853.
BHEL : Good support around 1565 level suppose not break and trade above 1604 then it go for 1632 and then at 1671 to 1699 level. At downside below 1565 slide up to 1537 and then at 1498.
DLF : It break it's trading range now below 477 more chance to touch 459 and if break this too then it go for 447 to 429 level. At upside it found some selling pressure at 489 and then at 507.
