10TH April 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded lower and ended in red on Tuesday. Nifty Future ended 47.85 points down at 5542.95 Dabur India future sell call hits 1st tg 142.50, low of 140.85 and Bajaj Auto future remained unexecuted. Investors are advised to book profit in Dabur India future and take position in fresh calls provided below. Buy BATA INDIA above 727 for targets 737/747 sl 717 Buy HEXAWARE above 94.70 for targets 96.20/97.70 with sl 93.20

Past Performance:

Reliance industries executed today. Dabur India future hits 1st tg 142.50, low of 140.85. Infosys future hits 1st tg 2855 Bajaj Auto future hits 1st tg 1805. ITC future sell call executed today IBReal future hits 1st tg 56.75. JSW Steel future hits final tg 643, low 634. Havells sell call hit both targets.

BATA INDIA CHANNEL

BUY ABOVE 727 FOR TARGETS 737/747 SL 717

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Buy BATA INDIA above 727. BATA INDIA is making a channel pattern on Hourly charts. Currently trading at 723.00. Investors are advised to Buy above 727, break out has yet to come. Targets are 737/750 and SL at 717 This is an intra day day call as the pattern is forming on hourly chart.

HEXAWARE CHANNEL AND PENNANT

BUY ABOVE 94.70 FOR TARGETS 96.20/97.70 SL 93.20

Buy HEXAWARE above 94.70. HEXAWARE is making channel and pennant pattern on 15 min chart. Currently trading at 94.35 Investors are advised to Buy above 94.70 for targets 96.20/97.70, Breakout is yet to come. Targets are 94.70/97.70 and SL is to be followed 93.20

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