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TOP GAINERS:
NIFTY FUTURE
ULTRACEM BY
1.65%
MARUTI BY
Call: SHORT
CMP: 8294.05
Initiation Level: 8300
Book Profit (Level 1):
8250
Book Profit (Level 2):
8100
Stop Loss: 8400
Conviction Level;
moderate risk
Reason: CORRECTION
Short term Trend:
1.22%
LIUPIN BY
1.11%
AMBUJACEM BY
1.10%
SUNPHARMA BY
1.10%
TOP LOSERS:
GAIL BY
4.45%
TATASTEEL BY
4.36%
CAIRN BY
DOWN
Medium Term Trend:
consolidation
For the Traders: SHORT
For Aggressive Traders:
SELL
Support: 8200-8000
3.71%
ONGC BY
3.28%
Resistance-8670
Duration: 1-2 Days
SSLT BY
2.82%
Technical commentary
Today nifty ware opens at positive, banking, Pharma it wares up. Then profit booking seems in closing
session, took low of 8225.90 close at 8227.8
Indicators MADC and RSI are in over bought zone so nifty should short on rise to 8200.
Basis on indicators and pattern it should correct till range 8200-8000.
So recommendation for nifty to sell on rise to 8300, 8250 sl 8400
BY 0.11%
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1):
18300
KOTAKBANK
BY 0.06%
INDUSINBANK
BY 0.04%
TOP LOSERS:
BANKINDIA
BY 4.06%
CANBANK
BY 1.68%
AXISBANK
BY 1.62%
SELL
BANKBARODA
Support: 18300-17000
BY 0.97%
Duration:1-2 Days
YESBANK
BY 0.68%
Technical commentary
Today Bank nifty ware open at previous close and took high of 18620 then down till 18343, close minor
negative at 18411
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 18000.
Basis on indicators and pattern it should correct till range 18400-18000.
So recommendation for Bank nifty to SELL on rise to 18500-18300 sl .19850
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