NIFTY-IN OUR LAST REPORT WE SUGGESTED TO LONG INDEX KEEPING 9890 AS STOPLOSS AND WE SAW INDEX MADE LOW OF 9887 AND FROM THERE 10009.
MONTHLY– POSITIVE FOR 10500
WEEKLY – IN WEEKLY CHART WE HAVE DOUBLE TOP NOW SO ANY CLOSE ABOVE THIS DOUBLE TOP WILL GIVE US NEW HIGH. AGAIN 9890 WILL ACT AS SUPPORT FOR INDEX.
DAILY- IN DAILY CHART TOO WE ARE NOT GETTING ANYTHING NEW BECAUSE INDEX HAD VERY NARROW RANGE OF JUST 120 POINT FOR THE WEEK.STILL SAME VIEW ANY CLOSE ABOVE 10000 SPOT WILL BE START OF NEW UPSIDE RALLY.
STRATEGY – BUY WITH STOPLOSS OF 9890 FOR 10130/10200.
BANK NIFTY- IN OUR LAST REPORT WE SUGGESTED TO BUY BANK NIFTY KEEPING 24200 AS STOPLOSS AND WE SAW BANK NIFTY MAKING LOW OF 24197 FROM THERE BOUNCED TO 24470.
MONTHLY-POSITIVE FOR 26000.
WEEKLY- THIS WEEK BANK NIFTY HAS MADE HAMMER IS WEEKLY CHART THIS HAMMER WILL BE ACTIVE ABOVE 24475 GENERALLY HAMMER GIVES BIG GREEN CANDLE OF MAYBE THIS WEEK WE CAN GET 24800.
DAILY-IN DAILY CHART INDEX HAS FORMED “HAMMER” TOO AND LAST DAY TAKEN SUPPORT OF 10 AND 20DMA. WHICH MEANS ANY MOVE ABOVE 24475 WILL BE SHARP UPSIDE OF 200-400 POINTS.
STRATEGY- BUY WITH STOPLOSS OF 24200 FOR 25000.
|ASHOKLEY||113||140||107||CLOSING BASIS HEDGE WITH PUT CLOSE ABOVE 115 IS ALL WE NEED|
|AURO PHARMA||762||795/1000||720||CLOSING BASIS HEDGE WITH PUT “C&h” IN WEEKLY|
|JINDAL STEEL||142||160/200||130||HEDGE WITH TWO PUTS|
|TATA STEEL||654||720||640||CLOSING BASIS HEDGE|
|UJJIVAN||364||420||338||CLOSING BASIS HEDGE|
|ARVIND||408||440||390||CLOSING BASIS HEDGE WITH PUT|
|ASIAN PAINTS||1204||1250||1190||CLOSING BASIS|
|BATA||692||720||685||CLOSING BASIS HEDGE|
NOTE: ALL PRICE ARE IN FUTURE don’t TAKE POSITION WITHOUT HEDGING
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