NIFTY- GAVE FRESH BREAKOUT BY CLOSING ABOVE 9650 BUT QUESTION IS WE GETTING 9750 BEFORE ANY CORRECTION?
MONTHLY– POSITIVE FOR NEXT TARGET OF 10000.
WEEKLY– THERE IS NOTHING MUCH TO WRITE ABOUT INDEX IN WEEKLY BECAUSE THIS WEEK NIFTY WAS IN VERY NARROW RANGE.
DAILY– IN DAILY CHART NIFTY HAVE FORMED “THREE WHITE SOLDIERS” AND NOW IN CONSOLIDATION FOR NEXT UPSIDE RALLY. “THREE WHITE SOLDIERS” SHAPE TAREGT COMES TO 9900. GENERALLY INDEX TAKES SUPPORT OF 10 OR 20DMA BEFORE GIVING BIG UPSIDE. FOR NOW 10DMA IS AT 9510 AND 20DMA AT 9480.IN DAILY CHART WE ARE GETTING SUPPORT AT 9590 AND AS INDEX HAVE CLOSED ABOVE 9650 WE CAN EXPECT INDEX TO TOUCH 9750/9800 WITH STOPLOSS OF 9590.
STRATEGY– BUY ON DIP WITH CLOSING BASIS STOPLOSS OF 9590 FOR TARGET OF 9800.IF BREAKS 9590 RENTER AT 9510.
BANK NIFTY- BANK NIFTY NEXT STOPS 24000.
MONTHLY– POSITIVE FOR NEXT TARGET OF 24000.
WEEKLY- BANK NIFTY TOO HAD VERY NARROW RANGE OF JUST 350 POINTS.
DAILY – IN DAILY CHART BANK NIFTY IS CLEARLY SHOWING THAT IT’S BUYING ON DIP.FOR NOW WE ARE GETTING SUPPORT AT 23050 FRO TARGET OF 24000 IF WE BREAK 23050 WE CAN SEE 22800 AND THAT WILL BE GOOD PALCE TO ENTER BUT FOR NOW WE CAN LONG ON ANY DIP KEEPING STOPLOSS OF 23050.
STRATEGY- BUY ON DIP FOR TARGET OF 24000.
|ASHOKLEY||91||115||80||HEDGE WITH 90PE|
|AXIS||510||550||490||HEDGE WITH 510PE|
|CGPOWER||94||116||86||HEDGE WITH 95PE|
|FEDBK||113||135||104||HEDGE WITH 115PE|
|APOLLO TYRES||243||255||238||CLOSING BASIS|
|AXIS BANK||510||530||500||CLOSING BASIS|
|SUN PAHRMA||515||560||495||CLOSING BASIS|
|SYNDICATE BANK||80||85/90||78||CLOSING BASIS|
|UNION BANK||158||175||150||CLOSING BASIS|
NOTE- EXPECTING SOME SUPERB BOUNCE IN PSUS FOR THE WEEK
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