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.

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                                                       NIFTY WEEKLY

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.

 

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                                                           NIFTY DAILY

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.

BANK NIFTY

MONTHLY– POSITIVE

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.

MONTHLY CALLS

STOCK NAME ENTRY TARGET STOPLOSS COMMENTS
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
HPCL 388 450 363 CLOSING BASIS

WEEKLY CALLS

STOCK NAME

ENTRY

TARGET

STOPLOSS

COMMENTS

ADANI ENT 139 150 133 CLOSING BASIS
ADANI PORTS 376 390 370 CLOSING BASIS
AURO PHARMA 745 820 705 CLOSING BASIS
CANBANK 365 400 350 CLOSING BASIS
CESC 908 930/950 890 CLOSING BASIS
DHFL 440 470 430 CLOSING BASIS
DIVIS LAB 735 820 715 CLOSING BASIS
GAIL 388 410 380 CLOSING BASIS
HCC 40.8 46 39 DELIVERY BUY
PNB 154 172 149 CLOSING BASIS
ITC 338 354 332 CLOSNG BASIS
TVS MOT 570 600 560 CLOSING BASIS

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