NICKEL:

FOR THE NEXT WEEK IN BULLION COMMODITIES NICKEL CAN BE BEARISH BELOW THE LEVEL OF 1018, AS WE SAW LAST WEEK NICKEL WAS NOT SUSTAINING AT HIGHER LEVELS EVEN WHEN OTHER BASE METALS WERE BULLISH. SO FOR THE NEXT WEEK IF NICKEL SUSTAINS BELOW THE LEVEL OF 1030 THEN BELOW 1018 IT CAN TOUCH THE LEVEL OF 1002.

JEERA:

FOR THE NEXT WEEK IN AGRI COMMODITIES JEERA CAN BE BULLISH ABOVE THE LEVEL OF 15050. AS WE SAW LAST WEEK JEERA HAD SHOWN GOOD RECOVERY AND PRICES WERE NOT SUSTAINING AT LOWER LEVELS SO FOR THE NEXT WEEK IF JEERA SUSTAINS ABOVE THE LEVEL OF 14800 THEN ABOVE 15050 IT CAN TOUCH THE LEVEL OF 15300

Nifty Technical Views :

Equity benchmark maintained their upward momentum during last week rose almost2%  and closed 5337 marked. . Events that ruled positive sentiments during the week.:- Rupee continues to rise against the dollar,December exports up 6.7% to $25 billion,Liquidity pressure persists despite cut in cash reserve ratio,Good corporate result,Good figures of auto sectors sales. This all factor positively boosting the market Now comes at technical picture of market in last session nifty tested its 200 dma in daily chart  and successfully  reached at 5350 mark. And rally cant be paused here. Now major resistance come at 5400 and above that 5440 can be seen whereas support comes at 5300 and 5250 .so trader be caution for next week.

M&M

The stock for the coming week is Mahindra & Mahindra which is looking strong on charts and is also consolidating with positive biasness. It is also trading above its 10 day and 50 day moving averages with an RSI of 58.44 on daily charts. One may go for buying the stock above the level of 720 for the targets of 734 and 745 with a strict SL of 704.

India’s benchmark share indices gained for the fourth straight day on Friday, to register their fifth consecutive weekly gain since September 2010, led by heavyweight Reliance Industries and private banking majors. Markets remained range bound for most part of the trading session but recovery in late trades took the Sensex to a high of 17,630.53 before finally ending at 17,604.96 – up 173.11 points. Nifty ended up 55.95 points at 5,325.85.

Nifty Futures shut stop at 5345.55 up by 71.20 points or 1.35 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5360 else below support level of 5260 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5360 & above this level the next resistance is seen near the 5410 mark.

SUPPORT: It has first support close to the level of 5260 & below this level the next support is seen near 5170 mark.

In banking, CNX Bank Index gained 141.60 point or 1.42 %. Amongst the banking index IDBI Bank, HDFC Bank and State Bank of India lead the row.

Bank Nifty Futures shut stop at 10154.85 up by 187.05 points or 1.88 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10200 else below support level of 9900 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10200 above this level the next resistance is seen near to the level of 10530.

SUPPORT: It has first support close to the level of 9900 & below this level the next support is seen near 9740 marks.

In banking, CNX Bank Index gained 42.95 point or 0.43 %. Amongst the banking index Canara Bank, Bank of India and IndusInd Bank lead the row.

Bank Nifty Futures shut stop at 9967.80 down by -5.05 points or -0.05 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10130 else below support level of 9740 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10130 above this level the next resistance is seen near to the level of 10320.
SUPPORT: It has first support close to the level of 9740 & below this level the next support is seen near 9460 marks.

Markets gained for the third straight session on Thursday led by Bharti Airtel on expectation that the telecom major could emerge as one of the major beneficiaries following today’s Supreme Court verdict. The 30-share Sensex ended above the 17,000 mark for the third straight session up 131.27 points at 17,431.85 and the 50-share Nifty ended up 34.20 points to close at 5,269.90.The Supreme Court today cancelled licences given to the telecom firms involved in 2G spectrum allocation scam. A total of 122 licences had been issued since January 2008.

Nifty Futures shut stop at 5274.35 up by 12.20 points or 0.23 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5300 else below support level of 5230 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5300 & above this level the next resistance is seen near the 5360 mark.
SUPPORT: It has first support close to the level of 5230 & below this level the next support is seen near 5170 mark.

Indian stock markets reversed early losses to end at their 12-week highs on Wednesday, amid firm European cues, led by index heavyweight Reliance Industries following the commencement of its buyback offer.

The 30-share Sensex ended up 107.03 points at 17,300.58 and the 50-share Nifty ended up 36.45 points at 5,235.70. On November 9, 2011 the Sensex had ended at 17,362 and the Nifty had ended at 5,289 on November 8, 2011.

Nifty Futures shut stop at 5269.75 up by 46.40 points or 0.89 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5275 else below support level of 5170 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5275 & above this level the next resistance is seen near the 5360 mark.
SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5100 mark.

In banking, CNX Bank Index gained 29.65 point or 0.30 %. Amongst the banking index Union Bank of India, Punjab National Bank and Kotak Mahindra Bank lead the row.

Bank Nifty Futures shut stop at 9972.80 up by 20.35 points or 0.20 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10020 else below support level of 9600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10020 above this level the next resistance is seen near to the level of 10200.

SUPPORT: It has first support close to the level of 9750 & below this level the next support is seen near 9460 marks.

In banking, CNX Bank Index gained 382.35 point or 4.01 %. Amongst the banking index Axis Bank, ICICI Bank and IndusInd Bank lead the row.

Bank Nifty Futures shut stop at 9952.45 up by 402.90 points or 4.22 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10020 else below support level of 9600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10020 above this level the next resistance is seen near to the level of 10130.

SUPPORT: It has first support close to the level of 9600 & below this level the next support is seen near 9460 marks.