Sai Ram Shares & Commodities: Technical Outlook For 28th Apr'14

Om Vigneshwaraya Namah Om Sriram Om Sai ram
SAI RAM SHARES & COMMODITIES

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern street ELURU - 534001 Mobile: Rajesh: 9573399376 1 Town Office: 221376 Technical outlook for 28th Apr'14
Head office 22B-2-1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II Town office: 237326
Analysis: Nifty {Fut} 6826.3 Bearish Engulfing candle formed in SPOT NIFTY & NIFTY FUTURE in daily charts & Bearish shooting star candle formed in weekly charts, Follow 6790 sl for positional trades longs
Trading strategy Buy above or @ 6800 Sell below or @ 6852 Power buy above or @ 6880 Power sell below or @ 6773
Stop loss 6771 6882 6850 6802
Target 1 6835 6818 6913 6740
Target 2 6843 6809 6947 6706
Target 3 6852 6800
SRKNIFTY For Private Client Circulation NSE Certified Technical Analytics Website: www.tradingcallls.blogspot.com Email: saladi_elr2@yahoo.com The Trend is your friend until the end when it bends.

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern street ELURU - 534001 Mobile: Rajesh: 9573399376 1 Town Office: 221376
Analysis: Bank Nifty {Fut} 13134.35 positional traders can hold longs with stop & reverse 12888 on closing basis
Trading strategy Buy above or @ 13061 Sell below or @13207 Power buy above or @ 13282 Power short below or @ 12987
Stop loss 12982 13287 13202 13066
Target 1 13158 13110 13347 12923
Target 2 13183 13086 13413 12858
Target 3 13207 13061

Analysis: Mcx gold 28905 positional traders can hold longs with stop & reverse 28701 on closing basis
Stop loss 28783 29013 28948 28848
Target 1 28916 28880 29153 28645
Target 2 28934 28862 29298 28501
Target 3 28953 28843

Analysis: Mcx silver 42607 Bearish spinning top candle formed in daily charts, Positional traders can hold longs with stop & reverse 42490 on closing basis
Trading strategy Buy above or @ 42440 Sell below or @42714 Power buy or @42852 Power sell below or @ 42302
Stop loss 42292 42862 42704 42450
Target 1 42622 42532 43066 42091
Target 2 42668 42486 43280 41879
Target 3 42714 42440

Analysis: Mcx crude oil 6255 Bearish Evening Doji star candle formed in weekly charts, Positional traders can hold shorts with stop & reverse 6228 on closing basis
Stop loss 6055 6216 6167 6103
Target 1 6147 6123 6242 6029
Target 2 6160 6110 6272 5999
Target 3 6172 6098

Branch: 7-D-43, 43, Beside Shri Madupalli Mohana Gupta house Eastern street ELURU - 534001 Mobile: Rajesh: 9573399376 1 Town Office: 221376
Head office 22B-2-1/1, 1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II Town office: 237326
Analysis: Mcx NATURAL GAS 285 Positional traders can hold shorts with stop & reverse 284 on closing basis
Trading strategy Buy above or @ 283.1 Sell below or @ 286.1 Power buy above or @ 287.7 Power sell below or @ 281.5
Stop loss 281.5 287. 286.1 283.1
Target 1 285.1 284.1 289.1 280.1
Target 2 285.6 283.6 290.5 278.7
Target 3 286.1 283.1

Analysis: Mcx COPPER 418.25 Positional traders can hold longs with stop & reverse 411 on closing basis
Stop loss 415.1 421.4 419.8 416.7
Target 1 418.7 417.8 423.5 413.1
Target 2 419.2 417.3 425.6 411
Target 3 419.8 416.7

Analysis: Mcx NICKEL 1118.5 Positional traders can hold longs with stop & reverse 1098 on closing basis
Stop loss 1110.5 1127.7 1123.3 1114.9
Target 1 1120.5 1117.7 1133.3 1105
Target 2 1121.9 1116.3 1138.9 1099.4
Target 3 1123.3 1114.9
Note: - Follow SL strictly and check weekly analysis for correct decisions for positional trades, there is a risk of loss in trading

Weekly Analysis for the week 28th Apr to 2nd May'14:
TREND
S&R
SPOT NIFTY {cmp 6782.75} BELOW 6808.48 IT WILL FIND SUPPORT 6747.12 - 6711.48 - 6650.1 ABOVE 6808.48 IT WILL FACE RESISTANCE 6844.12 - 6905.48 - 6941.12 BEARISH 6765
SPOT BANK NIFTY {cmp 13034.5} BELOW 13047.32 IT WILL FIND SUPPORT 12826.03 - 12617.57 - 12396.28 ABOVE 13047.32 IT WILL FACE RESISTANCE 13255.78 - 13477.07 - 13685.53 BEARISH 12840
MCX GOLD {CMP 28905 } ABOVE 28718 IT WILL FACE RESISTANCE 29152 - 29400 - 29835 BELOW 28718 IT WILL FIND SUPPORT 28470 - 28035 - 27787 MCX SILVER {CMP 42607} ABOVE 42419 IT WILL FACE RESISTANCE 43078 - 43549 - 44208 BELOW 42419 IT WILL FIND SUPPORT 41948 - 41289 - 40818 MCX CRUDE {CMP 6131} BELOW 6192 IT WILL FIND SUPPORT 6064 - 5997 - 5869 ABOVE 6192 IT WILL FACE RESISTANCE 6259 - 6387 - 6454 MCX NATURAL GAS {CMP 285} ABOVE 286.8 IT WILL FACE RESISTANCE 290.5 -296- 299.8 BELOW 286.8 IT WILL FIND SUPPORT 281.3 - 277.5 - 272 MCX COPPER {CMP 418.25} ABOVE 415.6 IT WILL FACE RESISTANCE 425.4 - 432.6 -442.6 BELOW 415.6 IT WILL FIND SUPPORT 408.4- 398.4 - 391.2 MCX NICKEL {CMP 1118.5} ABOVE 1107.5 IT WILL FACE RESISTANCE 1140.8 - 1163.2 - 1196.6 BELOW 1107.5 IT WILL FIND SUPPORT 1085.1 - 1051.7 - 1029.3 BULLISH 1098 BULLISH 411 BULLISH 284 BEARISH 6228 BULLISH 42490 BULLISH 28701

Analyst Certification:The following analyst(s), who is (are) primarily responsible for this report, certifies that the opinion(s) on the subject security (ies) and any other views or forecasts expressed herein accurately reflect his/her personal view(s) about the subject company or companies and its or their securities, and that no part of his compensation was, is or will be directly indirectly related to the specific recommendations or views contained in this research report. Opinions expressed are his current opinions as of the date appearing on this material only. The analyst(s) of this report personally is not holding any stock position for the recommended stocks.
Disclaimer: This document is not for public distribution and has been furnished to you solely for your information and must
not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. SAIRAM SHARES & COMMODITIES, its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on basis of this report.

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern Street ELURU - 534001 Mobile: Rajesh: 9573399376 I Town Office: 221376 Head office: 22B-2-1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II town Office: 237326
Email: saladi_elr2@yahoo.com
Rajesh.Saladi
Technical Research Analyst Email: Rajesh.saladielr2@gmail.com For updates follow @ www.twitter.com/rajeshsaladi & www.facebook.com/srknifty SRKNIFTY For Private Client Circulation NSE Certified Technical Analytics Website: www.tradingcallls.blogspot.com Email: saladi_elr2@yahoo.com The Trend is your friend until the end when it bends.

Sai Ram Shares & Commodities: Technical Outlook For 28th Apr'14

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Om Vigneshwaraya Namah Om Sriram Om Sai ram