Sagar Sukhnani

Mindtree Negative news              I-T Dept restricts the company from selling V G Siddhartha, Coffee Day Enterprises' shares. Technicals                 Mindtree looking negative on the charts it form a negative charts pattern on daily and weekly basis. if it break the level 876 then selling started in mindtree and selling more heavy if it break next level 870 and it get support near 834-840.After 834 next will be 800 which is strong support area for the mindtree.And the Resistance zone for mindtree near 901-911.   Open intereste                  Heavy call writing 4.2 lac contracts was seen at 940 and 2.3 lac contracts was seen at 920 and call unwinding at 880 and 860 level. Put unwinding near 860 and 840 level which indicates the lower side is open for the mindtree.

Nifty      Nifty on Thursday open positive but end of the session all the rally eaten and selling started from the high and nifty closed negative at there 50 day simple moving average. Due to the high volatility and Unwelcome result of the company like Maruti, Indian bank. Also the crashed down of Zee Entertainment (30%)  in intraday. Now the next level to watch in nifty is 10700 It is the most crucial level for nifty and resistance level is 10940.This weak is volatile due to  Interim Budget on Feb 1. Open interest       Heavy call writing seen at 11000 and 10900 level for the January series and put writing seen at 10700 and 10600 level for this weak. Stocks to watch this weak     This companies annoced there Q3 result this weak HDFC ICICI bank  Axis bank Bajaj finance  Bajaj finance Hcl Tech Bajaj auto Ioc Ntpc Escort Canera Bank