DERIVATIVE

BUY PNB FUTURES WITH A STOPLOSS AT AROUND 828

BUY M&M AT AROUND 888.

ABG SHIPYARD

Resistance at 187 above it may test 191, 193 and 196. Support at 180 and 176 (Buy at declines).

HDFC BANK

Resistance at 1618 and 1635 above uptrend. Support at 1592 and 1578 levels (Buy at declines).

BANK OF INDIA

Resistance at 348, above it can test 355, 361. Support at 337 and 333 (Buy at declines).

ABB

Support at 725 and 718 below it may test 705. (Sell at higher) Resistance at 745 above it may test 750 levels.

RELIANCE INDUSTRIES

Last major support at 1805 (200 DMA) if trades below then it can test 1799, 1790 and thereafter further selloff. Resistance at 1835 above it may test 1848 and 1875.

NIFTY

Nifty has resistance at 4584, 4600, 4615 above it can test 4635. Support is at 4539, 4500 levels below freefall