Weekly Trading Highlights.

SENSEX & NIFTY now at their long term major supports.

Be extreme cautious in any fresh shorts in panic.

BSE index: (13102) Consider for this week...13020 a nearest support break below which it'll fall down further to 12945, 12866 & 12767 initially which are crucial supports. Break below 12767 sudden panic will drag it down to 12563 which is a most crucial support; buy on declines keeping stop loss of 12425.
Upward side 13390 a crucial resistance closing above which it'll turn bit positive & surge up to 13854. A close above 13854 it'll strengthen further & move up to 14221. A close above 14221 it'll turn total positive & spurt up to 15250.
Downward side a close below 12425 it'll turn very weak & fall down to 11900 & 11450. Consider 11900 to 11450 major long term supports in any panic.
* For investors buying at around 12500-12000 keeping stop loss of 11450 seems best risk reward ratio.

Nifty: (3985) Consider for this week...Expect it to fall down further to 3947, 3919 & 3866. Buy on declines keeping stop loss of 3799.
Upward side 4052 a nearest crucial resistance closing above which it'll turn bit positive & spurt up to 4199 initially. A close above 4199 it'll strengthen further & move up to 4303-4329.
A close above 4329 it'll turn total positive & shoot up to 4614 in coming days.
Downward side break below 3799 it'll turn very weak & fall down further to 3753 & 3702 initially.
A close below 3702 it'll crash down to 3477.

STOCKS TO WATCH

RELIANCE: (1961) 1945 & 1877 crucial support & trend decider. 2073 7 2127 crucial resistance & trend decider.

REL CAP: (1172) 1146-1135 & 1084 crucial supports to watch out for in further panic.

REL INFRA: (850) 820 & 802 crucial support & trend decider.

SBI: (1434) Looks weak. Break below 1422 expect further fall. 1350-1322 crucial support area to watch out for on extreme lower levels.

BOI, PNB & BOB: Looks weak.

ICICI Bank: (561) Looks bit weak. 518 a crucial support & trend decider.

AXIS Bank: (705) 702 & 725 crucial trend deciders.

KOTAK Bank: (569) Looks weak. Watch out for crucial support at 520-510 on extreme lower levels.

DLF: (370) Break below 365 expect 345 which is a major support to watch out for in extreme panic.

L&T: (2468) 2455 & 2402 crucial supports to watch out for in panic.

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