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.

MONTHLY CALLS

STOCK NAME ENTRY TARGET STOPLOSS COMMENTS
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
MRF 66000 75000 62000 CLOSING BASIS

WEEKLY CALLS

STOCK NAME

ENTRY

TARGET

STOPLOSS

COMMENTS

APOLLO TYRES 243 255 238 CLOSING BASIS
AXIS BANK 510 530 500 CLOSING BASIS
BAJAJFINSV 4320 4600 4200 CLOSING BASIS
CEAT 1800 1900 1770 CLOSING BAISS
GLENMARK 652 675/700 640 CLOSING BASIS
IDEA 80.2 85 79 CLOSING BASIS
JUBIFOOD 920 960 900 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

Disclamer

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