5
21/07/2015

Daily Equity Report 21-07-2015

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.