Tax Saving Special :-Invest in IDFC Tax Advantage Fund ( ELSS ) before 04/02/2011 & become eligible for 25% Dividend (Rs.2.50 per unit).  With the current NAV around Rs.15/- (as on 28/01/11), yield works out to around 16% (as on 28/01/11).  Dividend received is totally tax free.  1 year return around 17% & return since inception around 37%.

Message for 01st February,2011 ·        BSE SENSEX (18328) Support @ 18027 18124 18235 Resistance @ 18358 18440 18534 o   Buy CALLs if 18235 holds ·        NSE NIFTY (5506) Support @ 5444 5460 5485 Resistance @ 5513 5545 5575 o   Buy CALLs if 5460 holds

Level to watch for 31-01-2011   v   BSE SENSEX (18396) Support @ 18124 18235 18358 Resistance @ 18440 18534 18656 o      Monthly BEAr Tp 18235 v   NSE NIFTY (5512) Support @ 5444 5460 5485 Resistance @ 5513 5545 5575 o      Monthly BEAr Tp 5460

Message for 28-01-2011 v BSE SENSEX (18684)Support @ 18358 18440 18534 Resistance @ 18721 18836 18955 o   200 Day EMA 18836; 200 Day SMA 18721 v NSE NIFTY (5604) 5458 5513 5545 5604 5620 5652 5710 o   200 Day EMA 5652; 200 Day SMA 5620

Message for 25th January,2011 o   Level to watch o   BSE SENSEX (19151) Support @ 18834 18955 19065 Resistance 19158 19321 19499 §  Rally to gain momentum above 19158 o   NSE NIFTY (5743) Support @ 5652 5710 5741 Resistance @ 5796 5837 5877 §  Rally to gain momentum if 5741 holds   o   Stock to Watch o   AXISBANK o   BHEL o   HDIL o   M&M

Message for 21-01-2011 o   BSE SENSEX (19047) Support @ 18750 18823 18955 Resistance @ 19074 19158 19321 §  Rally likely above 19158 o   NSE NIFTY (5712) Support @ 5605 5645 5710 Resistance @ 5741 5796 5835 §  Rally likely above 5741

Ø  Index Level to watch for intraday o   BSE SENSEX (19092)Support @ 18823 18955 19074 Resistance @ 19158 19321 19499 §  Rally likely above 19158 o   NSE NIFTY (5724) Support @ 5605 5645 5710 Resistance @ 5741 5796 5835 §  Rally likely above 5741 Ø  Stock to watch for intraday o   AXIS BANK LTD (1279) Keep sl as 1256 Target will be 1314-1340. o   BHEL (2193) Support @  2178 Resistance @2207-2235-2256. o   HDFCBANK (2109) Keep sl  as 2080 Target will be 2142 2168. o   LT (1683) Keep sl as 1665 target sl 1713-1732. o   SBIN (2556) Keep sl as 2530 Minimum target 2588-2629-2671.