Upload
suman-singh
View
9
Download
4
Embed Size (px)
DESCRIPTION
Bank nifty had a strong resistance at 18970-18980; it has taken resistance 8-9 times in the past and bank nifty has broken that resistance and has given a positive closing that is a very good sign for buy, so buy it from current level.
Citation preview
21/07/2015
Date and Time21-07-15
Call: LONG
CMP: 8610
Initiation Level: 8653
Book Profit (Level 1):
8700
Book Profit (Level 2):
8750
Stop Loss: 8550
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: 8570-8500
Resistance- 8720-8800
Duration: 1-3 Days
NIFTY FUTURE
TOP GAINERS:
ULTRATECH BY
4.04%
ASIAN PAINTS BY
3.26%
BPCL BY
2.53%
HINDALCO BY
2.05%
GRASIM BY
1.95%
TOP LOSERS:
PNB BY
2.42%
BANK OF BARODA BY
2.11%
ACC BY
2.08%
CAIRN INDIA BY
1.90%
TATA POWER BY
1.84%
Technical commentary
Nifty is creating inverted head and shoulder as we can see in the chart; its neck line was at 8560 and nifty has
broken that now it is looking good up to 8800, so buy nifty at CMP for above mentioned targets.
TOP GAINERS:
INDUSIND BANK BY
1.24%
KOTAK MAHINDRA BY
0.47%
HDFC BANK BY
0.42%
TOP LOSERS:
FEDERAL BANK BY
6.73%
BANK OF INDIA BY
3.24%
CANARA BANK BY
2.99%
PNB BY
2.42%
BANK OF BARODA BY
2.11%
BANK NIFTY FUTURE
Date and Time 21-07-15
Stock: BANKNIFTY
Call LONG
Initiation Level: 19200
Book Profit (Level 1):
19300
Book Profit (Level 2):
19400
Stop Loss: 19000.
Reason: Resistance has
been broken and a positive
closing
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: 18800-19000
Duration: 1-3Days
Technical commentary
Bank nifty had a strong resistance at 18970-18980; it has taken resistance 8-9 times in the past and bank
nifty has broken that resistance and has given a positive closing that is a very good sign for buy, so buy it
from current level.
STOCKS RECOMMENDATION FOR TOMORROW
1) CV CASH CALL: SELL DLF BELOW 108 TGT 103 SL 112.
2) CV CASH CALL: BUY PFC ABOVE 268.50 TGT 273 SL 265
www.capvision.co.in
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.
*Investment is subject to market risks.
Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.