Today Stock Market was close with negative trend, BSE - 30 sensex was closed at 18506.82 down with 1.60%, The index touched a high and a low of 18,506.82 and 18,159.82, respectively.5 stocks advanced against 25 declining ones on the index. While Nifty -50 index closed at 5467.10, down with 1.43%, 11 Stocks advances against 39 declining one’s on the index.

The 50-share S&P CNX Nifty finally settled at 5,458.95 after losing 87.50 points. Nifty February 2011 futures closed at 5,466.00, at a premium of 7.05 over spot closing of 5,458.95, while Nifty March 2011 futures were at 5,489.00, at a premium of 30.05 points over spot closing. The near month February 2011 derivatives contract expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 6.69% or 1.73 million (mn) units, taking the total outstanding open interest (OI) to 27.73 mn units.

For Nifty calls, 5500 strike price (SP) from the February series was the most active call with an addition of 1.9 mn or 28.89%. Among Nifty puts, 5500 SP from the February month expiry was the most active put with a contraction of of 3.06 mn or 30.78%.

The stock had taken support at lower levels and is now moving with positive biasness. A short term correction is expected in the stock. One could go for buy on dip strategy in the stock as it is expected to continue its uptrend.

R - 1290

S - 1205

The stock has tried to take support at lower levels and is now moving with positive biasness. It faces resistance at 323; crossing of this level may take the stock further upward while it has major support at 300, breach of this level may take it downward.

R - 323

S - 300

The stock had a steep pull back from lower levels and is now consolidating with positive biasness. One could go for buying on dip strategy in this stock. It faces resistance at 255; crossing of this level may take the stock further upwards.

R- 255

S - 235

HDFC Bank has sharply run up in the today's session. The stock is looking bullish and closed above the short and medium term moving average. So above the level of 2125 it may further continue the uptrend in the coming time.

R - 2145

S - 2065

The Stock Market BSE index closed with negative trend at 17463 down with 129 points while Nifty - 50 NSE index closed at 5225 red with down 27 points. The Market breadth was negative, The CNX Midcap index was up 0.5% and the BSE Smallcap index was down 0.9%.

The 50-share S&P CNX Nifty finally settled at 5,225.80 after losing 27.75 points.Nifty February 2011 futures closed at 5,225.00, at a discount of 0.80 over spot closing of 5,225.80, while Nifty March 2011 futures were at 5,241.00, at a premium of 15.20 points over spot closing. The near month February 2011 derivatives contracts expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 6.38% or 1.63 million (mn) units, taking the total outstanding open interest (OI) to 27.33 mn units.

For Nifty calls, 5300 strike price (SP) from the February series was the most active call with an addition of 1.74 mn or 39.29 %. Among Nifty puts, 5200 SP from the February month expiry was the most active put with an addition of 0.51 mn or 8.48%.

The stock continued to move in bearish trend today as well and made a low of 1150. Now it has major support at 1145, breach of this level may continue its bearish trend else it may also bounce back from lower support levels.

R - 1243

S - 1145

Hero Honda has made new 52 weeks low in the today's session. The stock is trading with negative bias and closed near the day's low. The stock has important support level of 1460 in the short run. So below which if the stock price sustains then downtrend may continue in the near term.

R - 1510

S - 1400

Infosys in today's trading session was moving sideways and it was up by 0.30 %. It is now taking support at 3061 and resistance at 3097 form this level either side of movement would be expected. It is taking resistance at 3097 above this level it would be in a bullish trend else below 3061 it would be in a bearish trend.

R - 3164

S - 3061

Kotak Mahindra Bank in today's trading session moving in an uptrend and it was up by 5.33 %. It is now taking support at 350 and resistance at 366. In order to be in an uptrend it has to trade and consolidate above the 10 days and 50 days moving averages. One can go for short position in it at 350 below this level it would be in a bearish trend.

R- 366

S - 350

The Market closed with negative trend its closed at 17592(182 negative), while Nifty -50 NSe Index closed at 5253 with red eye(59 negative). Today market breadth was negative,The CNX Midcap index was down 2.4% and the BSE Smallcap index was down 4.3%. Among the front liners, Bajaj Auto, Tata Power, Cipla, Hindalco Industries and Infosys gained 0–2%, while Mahindra & Mahindra, ONGC, Jaiprakash Associates, RCOM and Hero Honda lost between 4–6%.

The 50-share S&P CNX Nifty finally settled at 5,253.55 after losing 59 points.Nifty February 2011 futures closed at 5,282.05, at a premium of 28.50 over spot closing of 5,253.55, while Nifty March 2011 futures were at 5,295.00, at a premium of 41.45 points over spot closing. The near month February 2011 derivatives contracts expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 9.02% or 2.28 million (mn) units, taking the total outstanding open interest (OI) to 27.59 mn units.

For Nifty calls, 5400 strike price (SP) from the February series was the most active call with a contraction of 0.63 mn or 8.28 %. Among Nifty puts, 5300 SP from the February month expiry was the most active put with an contraction of 0.06 mn or 1.13%.

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