1ST February 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded negative and ended in red on Thursday Nifty Future ended 25.55 points up at 6034.75 Raymond future sell call hits 1st tg and Unitech future sell call remained unexecuted. Investors are advised to book profit in Raymond future and take position in fresh calls provided below. Buy Union Bank future above 259 for targets 260.50/263 with sl 256.45 Sell Ibreal future below 75.50 for targets 74.75/73 with sl 77.10.

Past Performance:

Raymond future sell call hits 1st tg 373. Unitech future sell call remained unexecuted. Biocon future sell call remained unexecuted. IVRCL Infra sell call hits final tg 34, made low 30.95. ITC future buy call remained unexecuted HUL future sell call made low 466.50. Jet Airways buy call hits final tg 630 . Havells sell call hit both targets.

UNION BANK FUTURE FLAG PATTERN

BUY ABOVE 259 FOR TARGETS 260.50/263 SL 256.45

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Buy Union Bank future above 259 Union Bank future is making a Flag pattern on 15 minutes charts. Currently trading at 257.20 Investors are advised to buy above 259, break out is already given. Targets are 260.50/263 and SL is recommended at 256.45. This is an intraday call as the pattern is forming on 5 minutes chart.

IBREAL FUTURE RISING WEDGE

SELL BELOW 75.50 FOR TARGETS 74.75/73 SL 77.10

Sell Ibreal future below 75.50 Unitech future is making a Rising Wedge pattern on 15 minutes chart. Currently trading at 76.90 Investors are advised to sell below 75.50 for targets 74.75/73, Breakout is yet to come. Targets are 74.75/73 and SL recommended is 77.10

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