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16/07/2015
Date and Time16-07-15
Call: LONG
CMP: 8547
Initiation Level: 8550
Book Profit (Level 1):
8600
Book Profit (Level 2):
8650
Stop Loss: 8520
Conviction Level;
moderate risk
Reason:
INVERTED HEAD AND
SHOULDER
Short term Trend:
CORRECTION
Medium Term Trend:
DOWN
For the investor: SELL
ON HIGH
For Aggressive Traders:
SELL ON RISE AND BUY
ON DEEP
Support: 8520-8470
Resistance- 8650-8700
Duration: 1-3 Days
NIFTY FUTURE
TOP GAINERS:
MARUTI BY
2.51%
WIPRO BY
2.18%
TATA MOTORS BY
2.16%
ULTRATECH BY
1.98%
TCS BY
1.85%
TOP LOSERS:
CAIRN INDIA BY
1.44%
BPCL BY
1.00%
YESBANK BY
0.95%
PNB BY
0.79%
HCL TECH BY
0.71%
Technical commentary
Nifty is creating inverted head and shoulder as we can see in the chart, its neck line will be at 8560, and if break out
will happen than nifty may go up to 8870,so my call is buy nifty from above mentioned levels.
TOP GAINERS:
HDFC BANK BY
0.44%
BANK OF BAODA BY
0.39%
ICICI BANK BY
0.38%
INDUSIND BANK BY
0.34%
KOTAK MAHINDRA BY
0.23%
TOP LOSERS:
BANK OF INDIA BY
1.57%
CANARA BANK BY
1.09%
YESBANK BY
0.95%
PNB BY
0.79%
FEDERAL BANK BY
0.45%
BANK NIFTY FUTURE
Date and Time 16-07-15
Stock: BANKNIFTY
Call LONG
Initiation Level: 18970
Book Profit (Level 1):
19100
Book Profit (Level 2):
19200
Stop Loss: 18800.
Reason: GOING TO BREAK
STRONG RESISTANCE
Short term Trend:
recovery
Medium Term Trend:
DOWN
For the Investor: SELL ON
HIGH
For Aggressive Traders:
SELL ON RISE AND BUY ON
DIPS
Support: 18800-18600
Duration: 1-3Days
Technical commentary
Bank nifty has a strong resistance at 18970-18980; it has taken resistance 8-9 times in the past so if it will
break by bank nifty than we will have a good time for buy bank nifty so buy above 18970 for above levels
and target.
STOCKS RECOMMENDATION FOR TOMORROW
1) –CV CASH CALL: SELL JUST DIAL BELOW 1126 TGT 1095 SL 1155.
2) – CV CASH CALL: BUY NTPC ABOVE 134.50 TGT 137 SL 133
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