NIFTY-IN OUR LAST REPORT WE SUGGESTED TO SHORT WITH STOP LOSS OF 9720 AS WE CLOSED ABOVE IT WE GOT STRAIGHT 9900.
MONTHLY– POSITIVE ABOVE 10000, WE CAN GET 10500.
WEEKLY– IN WEEKLY CHART INDEX HAVE GIVEN FRESH BREAKOUT ABOVE 9700 FOR 10000 AND THAN 10250.BUT WE THE VOLUME FOR THIS WEEK IS SAME AS LAST WEEK BREAKOUT ABOVE 9700 WITH GOOD VOLUME WOULD BE A GOOD SUPPORT FOR INDEX FOR NEXT 400POINTS RALLY.
IN THE ABOVE CHART WE CAN SEE INDEX IS MOVING TOWARDS 10000 AND CAN TAKE RESISTANCE AROUND 10000-9980 TO RESTEST 9700 WHICH HAS NOW BECOME GOOD BASE IF WE MANAGE TO CLOSE ABOVE 10000 EXPECT 10250 IN THIS WEEK.
DAILY– IN DAILY CHART INDEX HAVE FORMED HAMMER ON TOP WHICH IS MORE LIKE “BEARISH HANGING MAN” BUT SGX NIFTY CLOSED ABOVE 9950 THIS SHOWS INDIAN MARKET CAN GET GAP UP ON MONDAY AND CAN EVEN TOUCH 10000.
IN THE ABOVE CHART WE HAVE SHOWN TECHNICAL INDICATORS LIKE DMA AND RSI BOTH SHOWING SOME FALL IN INDEX. WE CAN EXPECT INDEX TO REVISIT 9700.
STRATEGY-BUY ON DIPS WITH CLOSING BASIS STOPLOSS OF 9700 FOR 10250.
WEEKLY-IN WEEKLY BANK NIFTY TOO HAS GIVEN FRESH BREAKOUT FOR 24500 BY CLOSING ABOVE 23900
DAILY – IN DAILY BANK NIFTY IS GIVING US IMMEDIATE TARGET OF 24250 BY CLOSING ABOVE LIFE TIME HIGH.
STRATEGY- BUY BANK NIFTY ABOVE 24010 FOR 24500 STOPLOSS OF 23900 CLOSING BASIS.
|ADANI ENT||133||160||124||TILL NOW 144|
|CENTEX||1128||1220||1080||TILL NOW 1155|
|JINDAL STEEL||123||160||130||TILL NOW 142|
|TATA STEEL||535||620||504||TILL NOW 555|
|ADANI ENT||139||150||133||CLOSING BASIS|
|ADANI PORTS||376||390||370||CLOSING BASIS|
|AURO PHARMA||745||820||705||CLOSING BASIS|
|DIVIS LAB||735||820||715||CLOSING BASIS|
|TVS MOT||570||600||560||CLOSING BASIS|
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