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NIFTY FUTURE
TOP GAINERS:
SUN PHARMA BY
Call: LONG
8.15%
CMP: 8691.00
Initiation Level: 8691
DR REDDY BY
4.08 %
8740
GAIL BY
3.92%
8800
CAIRN BY
3.68%
moderate risk
CIPLA BY
Reason: RECOVERY
3.67%
TOP LOSERS:
Resistance- 8750
PNB BY
2.17%
WIPROBY
1.90%
TATA STEEL BY
1.71%
RELIANCE BY
1.36%
Technical commentary
Nifty has opened gap down today at 8614 but due to short covering and rate cut chances in tomorrows RBI
policy created buying and nifty has closed in green numbers with 855 stocks were advanced, 334 declined
and 34 were unchanged.
INDUSIND BANK BY
1.11%
Nifty is running in a channel as we can see in daily charts, it has been taking support 8300-8500 and
resistance levels are 8800-8900 so we can say it will be in bullish mode up to our resistance levels, so we
can take a buy position for short term.
2.69%
Stock: BANKNIFTY
CANARA BANK BY
Call: SHORT
Initiation Level: 18670
1.06%
SBI BY
18570
0.44%
BANK OF INDIA BY
18300
Stop Loss: 18800.
0.12%
Reason: CORRECTION
Short term Trend: UP
Medium Term Trend:
DOWN
TOP LOSERS:
FEDERAL BANK BY
2.25%
PNB BY
2.17%
INDUSIND BANK BY
1.11%
ICICI BY
0.59%
BANK OF BARODA BY
0.24%
Technical commentary
Bank nifty is taking resistance near 18800 since last three sessions it creates a chance that nifty will go
down and if nifty will break 18800 level than it will go up to 19300-400 but chances are less for that,
because tomorrows monitory policy.
1) CV CASH CALL: BUY ADANI ENTERPRISES ABOVE 630 TGT 660 SL 610.
2) CV CASH CALL: BUY ASIAN PAINTS ABOVE 820TGT 850 SL 800.
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