The stock continued to move in an up rally after crossing its resistance this week. It now faces next resistance at 130.50; crossing of this level may continue the bullish trend of the stock after a short term correction.

Resistance - 130.550

Support - 120

The stock after having an up rally earlier in the week took resistance at higher levels and had a steep downfall. It's consolidating currently. It has resistance at 1301, crossing of this level may take the stock upwards while it has support at 1233, and breach of this level may take the stock downward.

Resistance - 1301

Support - 1233

GAIL India has weak opening in the today's session but the stock shown strong pull back and closed flat. The stock has importance resistance level of 445 above which if it sustain then some more upside may be seen in it. The stock is looking risky below the level of 445.

Resistance - 462

Support - 445

Hero Honda is trading in uptrend. It is consolidating at the higher level and trading with the positive bias. So a decisive breakout above the level of 1575 may continue the upward rally in the coming trading sessions.

Resistance - 1575

Support - 1500

M&M in today's trading session found the support at 632 and resistance at 657 .In order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 657 else below 632 it would be in a downward trend.

Resistance - 657

Support - 632

The BSE Sensex 30 Index closed with red eye, down 261 point, while Nifty 50 index closed with down 83 points. The market breadth was negative, all time market was in negative trend. The top Nifty gainers were Bajaj Auto, Tata Power, BPCL and Cipla and prime losers included Mahindra & Mahindra, Kotak Mahindra, ONGC and JP.

The 50-share S&P CNX Nifty finally settled at 5,312.55 after losing 83.45 points. Nifty February 2011 futures closed at 5,320.00, at a premium of 7.45 over spot closing of 5,312.55, while Nifty March 2011 futures were at 5,339.00, at a premium of 26.45 points over spot closing. The near month February 2011 derivatives contracts expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 9.82% or 2.40 million (mn) units, taking the total outstanding open interest (OI) to 26.92 mn units. For Nifty calls, 5400 strike price (SP) from the February series was the most active call with addition of 2.41 mn or 44.64%. Among Nifty puts, 5300 SP from the February month expiry was the most active put with an addition of 0.27 mn or 4.62%.

Today BSE-30 index closed at 180.7 with positive trend but BSE smallcap index was closed down with 0.8%. While NSE- 50 index Nifty closed with no change.

The 50-share S&P CNX Nifty finally settled at 5,396.00 after gaining 0.25 points. Nifty February 2011 futures closed at 5,405.05, at a premium of 9.05 over spot closing of 5,396.00, while Nifty March 2011 futures were at 5,423.00, at a premium of 27.00 points over spot closing. The near month February 2011 derivatives contracts expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 6.44% or 1.59 million (mn) units, taking the total outstanding open interest (OI) to 26.37 mn units. For Nifty calls, 5500 strike price (SP) from the February series was the most active call with addition of 0.08 mn or 1.19%. Among Nifty puts, 5400 SP from the February month expiry was the most active put with an addition of 1.16 mn or 13.42%.

Nifty Future Seems bearish for upcoming trading session, it manage our last trading sessions and there is no hope for going with possitive trend. It will seems bearish if manage support level of 5350 else above level of 5568 it will go for bullish trend

Resistance - May be 5566/5622

Support -May be 5350/5300

In bank sector majority of stocks was down by 2%- 3%, Vijay bank, Syndicate Bank and ICICI bank lead the row. Bank nifty looking bearish if it manage support level of 10385 else above 10760 it may be for bullish trend

Infosys seems to upwards trend, it can move with bullish trend trader can buy it for long trem. In future it can move for 3700+ figure.

In It sector HCL also for Buy, this stock can move with possitive trend, for stock tips for tomorrow it can right for buy. Stock Can move 600+ in upcoming trading session.

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