Market outlook for 17/09/09

Do you know from last 4 days only one thing we were writing above 4755 if closes for 2 days then nonstop rally upto 4902-4952 level. Now Nifty has already closed above 4755 for three days. Above 4952, Next target is 5101-5151.
Alert was given ....Crucial support @ 4790. Two consecutive above 4952 will take to 5101-5151. Above 4952...Intraday can kiss 5021-5045
FII data, F&O data, option writings are all fully bullish.
US markets and Global cues, SGX nifty are +ve.

NIFTY Technicals:
Current Spot: 4958.40
Pivot: 4947.95
3DEMA: 4911
7DEMA: 4853
Supports: 4930 & 4900
Resistance: 4977 & 4995

Target Nifty:
BUY NIFTY ABOVE 4990 SL 4940 TARGET 5035/5067/5090/5117
SELL NIFTY BELOW 4910 SL 4840 TARGET 4880/4842/4815/4787

BUY BANKNIFTY ABOVE 8420 SL 8360 TARGET 8460/8520/8570/8640
SELL BANKNIFTY BELOW 8290 SL 8360 TARGET 8260/8220/8160/8100

Stock Ideas for the Day:
Indusind Bank : Buy Above 112 For Targets Of 113, 114.25 Sl 110.50
Rnrl : Buy Above 88 For Targets Of 89, 90 Sl 87.20
Ifci : Buy Above 60 For Targets Of 61, 61.90 Sl 59.20
Ratnamani Metals : Buy Above 113 For Targets Of 114, 116, 120 Sl 110
Dlf : Buy Above 421 For Targets Of 426,429 Sl 418
TCS : Buy above 577 for Targets of 585,589 SL 572
Gtlinfra : Buy Above 37.75 For Targets Of - 42 ( 1-4 Days ) Sl 36.75
Alps Industries Ltd (Short Term Target- 18)

Option Call:
Buy IFCI 60 CA Sept @1.90 target 2.75-3 SL 1.20. Since we are near expiry please adhere to SL very strictly.

Positional Call: (7-15 days)
Buy Indian bank @164 target 185
Buy Jindal steel and power @632-634 target 710
Buy Classic Diamond @21.75 for Targets of 28

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks & Regards

Market Pulse S&P Team