Technical Calls - Jan 12 2011

Sensex (19196)

Sensex has resistance at 19336, 19492 and 19503. Support at 19073 and 19005.

NIFTY (5754)

Resistance at 5765, 5779, 5795 and 5829. Support at 5744, 5728, 5711 and 5700.

RECOMMENDATIONS

1) UTV SOFTWARE (544.25)

Support at 539 and 531. (Buy at declines) Resistance at 549 above it can test 555 and 563.

2) PFIZER (1123.25)

Support at 1110 and 1085. Resistance at 1130 above 1148 and 1165. (Buy for short term)

3) HINDUSTAN ZINC (1380)

Support at 1362 and 1345. Resistance at 1388 above it can test 1402 and 1435. (Buy for short term)

4) INFOSYS (3325)

Support at 3288 and 3205. Resistance at 3381 above 3411 and 3450. Expect volatile movements.



5) TATA STEEL (646.55)

The stock has support at 640 and 637. (Buy at declines). Resistance at 652 above 660 and 665


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