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Daily
View
Bearish pennant pattern targeting 450 should be sell on rise towards 500.
Weekly
View
Falling range breakdown at 520 – 510 should target 420-400 zones. Sell on rise towards 500.
1
Diamond & Jewellery
Titan Company Views Sell
Daily
View
Triangle trading with uncertain price movement should be bearish below 790 targeting 740 or
lower. Bullish on breakout above reverse Head & Shoulder pattern neckline resistance at 840
– 845 zones targeting 900 or higher.
Weekly
View
Bearish Head & Shoulder pattern breakdown at 820 should target 700 at least. Bullish only on
a failed breakdown from the said pattern above weekly high at 845. Strength above 950
should target rising trend-line resistance at 1050.
2
Auto
Ashok Leyland Views Neutral
Daily
View
Bearish Head & Shoulder pattern breakdown neckline resistance at 112-113 zones then only
bullish targeting 123-124 zones. Bearish breakdown below 98.
Weekly
View
Breakdown from channel at 135 – 124 should be short term bearish. Bullish only on strength
above 100 WSMA at 113 should target likely breakout from reverse bullish Head & Shoulder
pattern above 135 targeting 148 at least then likely 170+ levels. Bearish below 98.
3
Auto
Bajaj Auto Views Sell
Daily
View
Short-term bearish Head & Shoulder pattern breakdown below 2690 should target 2300.
Bullish only above pivot high at 2826.
Weekly
View
Weekly Head & Shoulder pattern breakdown below 2700 and then below pivot low at 2605
should be traded with bearish bias targeting 2150.
4
Auto
Bosch Views Buy
Daily
View
Short-term trend continuation pennant pattern should break below 19400 targeting 18400 at
least. Bullish only above falling supply-line breakout above 20400.
Weekly
View
Strength above 19900 should trigger reverse Head & Shoulder pattern breakout targeting
24000 at least. Bearish on breakout failure below 18900 targeting 17500 or lower..
5
Auto
Eicher Motors Views Sell
Daily
View
Gap resistance at 23000 should be sell on rise targeting 19000. Bullish on strength above
23000.
Weekly
View
Possible bearish Wolfe Wave pattern targeting 17000 in weekly chart. Bullish only above
24000 otherwise sell on rise.
6
Auto
Escorts Views Sell
Daily
View
Breakdown from trend continuation pennant pattern at 630 should target 550 at least. Sell on
rise at every opportunity.
Weekly
View
Long-term rising demand line at 450. Bullish only on strength above 450.
7
Auto
Hero Moto Corp Views Sell
Daily
View
Range breakdown below 3000 should target 2500. Sell on rise towards 2800-3000. Bullish
above 3050.
Weekly
View
Bearish Wolfe Wave pattern target at 2500. Sell on rise towards bearish Head & Shoulder
pattern neckline at 3000.
8
Auto
Mahindra & Mahindra Views Sell
Daily
View
Bearish Head & Shoulder pattern break below 860 zones should target 730 at least. Bullish
only on strength above 900 should reach 1000+ levels.
Weekly
View
Break below upper trend-line of channel should see price breakdown on weakness below 750
targeting 640 or lower. Bullish only above 50 WSMA at 818.
9
Auto
Maruti Suzuki India Views Sell
Daily
View
Trend continuation pennant breakdown at 7700 should target 6600 at least. Sell on rise
towards 7700.
Weekly
View
Double top pattern breakdown below 8250 should target 6600. Sell on every opportunity
towards 100 DSMA at 7727.
10
Auto
Motherson Sumi Views Sell
Daily
View
Trend continuation pennant break below 245 should target 225 – 220 zones.
Weekly
View
Falling channel support break at 250; possible bounce back towards 250 should be shorted
targeting 200. Bullish only on strength above 280 otherwise sell on rise.
11
Auto
Tata Motors Views Sell
Daily
View
Falling range break below 230 should target 200. Sell on rise towards trend line resistance at
230 – 235 zones.
12
Auto
Tata Motors DVR Views Sell
Daily
View
Trend continuation pennant break below 125 should target 110 at least. Sell on rise towards
130.
Weekly
View
Bearish triangle pattern breakdown at 140 should target 115 – 110 zones. Break below
support at 110 should see price breakdown targeting 75 or lower.
13
Auto
TVS Motor Company Views Sell
Daily
View
Bearish Head & Shoulder pattern break at 520 should target 460 or lower. Bullish only on
failed break above 530.
Weekly
View
Falling channel trading within 490 – 570 zones should breakdown below 490 targeting 425.
14
Housing Finance
CAN FIN HOMES LTD Views Sell
Daily
View
Likely bear flag pattern should target 210 at least. Bullish above 260.
Weekly
View
15
Housing Finance
Indiabulls Housing Fin Views Sell
Daily
View
Trend continuation triangle pattern should breakdown below 800 targeting 660. Bullish
above 1000.
Weekly
View
Rising demand line at 800 should find buying interest targeting rising supply line at 1050.
Break below 800 – 780 zone should target 600.
16
Housing Finance
LIC Housing Finance Views Sell
Daily
View
Likely trend continuation pennant break below 410 should target 370 or lower. Strong supply
line at 450 – 455 which should be short on rise.
Weekly
View
Breakdown from bearish Head & Shoulder pattern at 460 should continue towards pattern
target at 350 then 300. Bullish on strength above neckline resistance at 455 – 460 zones
targeting 600. Strong support at 390.
17
Media & Entertainment
Sun TV Network Views Neutral
Daily
View
Falling channel trading with support at 580 should bounce back above 660 targeting 720 at
least.
Weekly
View
Breakdown from bearish Head & Shoulder pattern at 750 should be short on rise targeting
500. Support at 570. Breakdown below 550 possibly targeting 420 – 430 zones.
18
Media & Entertainment
TV18 Broadcast Views Sell
Daily
View
Bearish Head & Shoulder pattern neckline at 48 – 49 zones. Bullish on a strength above 55;
should target 68+ levels. Bearish on continued weakness below 50 targeting 30.
19
Housing Finance
PVR Views Sell
Daily
View
Bearish Head & Shoulder pattern break below 1220 should target 1030 – 1020 zones.
Weekly
View
Bullish on breakout from reverse Head & Shoulder pattern at 1422 should target 1800.
Bearish on weakness below 1230 targeting 1030.
20
Media & Entertainment
Zee Entertainment Views Sell
Daily
View
Trend continuation pennant break below 440 should target 400 at least. Bullish above 20
DSMA at 455 targeting likely 500.
Weekly
View
21
Healthcare
Ajanta Pharma Views Sell
Daily
View
Trend continuation pennant break below 1080 should target 980 or lower. Pullback towards
1040-1085 should be shorted.
Weekly
View
Likely breakdown from bearish Head & Shoulder pattern at 1130 should target 800 or lower.
Bullish only above 1150 otherwise cautious.
22
Healthcare
Apollo Hospitals Views Neutral
Daily
View
Likely Trend continuation bear-flag break below 1020 should target 960 or lower. Bullish view
possible only above 1110 otherwise cautious.
Weekly
View
Falling demand line support at 1020. Bearish only on a break below pivot low at 996 targeting
900 otherwise bullish above 1100 targeting 1200 or higher.
23
Healthcare
Aurobindo Pharma Views Neutral
Daily
View
Possible bear-flag pattern with breakdown below 735 targeting 690 – 680 zones. Bullish on a
failed break below 730 then above 770.
Weekly
View
Pullback from falling support line at 730 should target 900 or higher. Cautious below 700.
24
Healthcare
Biocon Views Neutral
Daily
View
Reverse bullish Head & Shoulder pattern should be bullish above 640 otherwise cautious
below 600.
Weekly
View
Expanding pattern upper resistance at 750 – 760 zones. Breakout above 760 should target
880 or higher. Cautious on weakness around 740 – 750 zones targeting 540.
25
Healthcare
Cadila Healthcare Views Sell
Daily
View
Rising channel trading within 410 – 370 should break on the downside targeting 340 or lower.
Bullish only on pullback above 420 otherwise cautious.
Weekly
View
Range bound expanding channel formation with breakout above 450 should target 500.
Cautious below pivot low at 365 targeting 320.
26
Healthcare
Cipla Views Buy
Daily
View
Range bound channel trading within 680 – 630 zones should breakout above 680 targeting
730 at least. Cautious below 640. Bullish only above 650.
Weekly
View
Likely rising channel pattern targeting 710-730-735 with breakout resistance at 665. Likely
continuation of range-bound trading within 630 – 680 zones then breakout. Cautious below
weekly low at 631.
27
Healthcare
Divis Laboratories Views Buy
Daily
View
Reverse Head & Shoulder pattern breakout should be buy on decline towards 1220 targeting
1500. Cautious below 1195.
Weekly
View
Breakout from rising channel pattern should target 1700. Bullish above 1450. Bearish only on
a weakness below 1110.
28
Healthcare
Dr. Reddys Lab Views Buy
Daily
View
Expanding range trading within 2700 – 2350 zones. Bullish either on support at 2350 or above
2500 targeting 2950 or higher.
Weekly
View
Bullish reverse Head & Shoulder pattern breakout above 2475 should target 3100. Buy on
decline towards 2400 or above 100 WSMA at 2474. Bearish on a failed breakout below 2225.
29
Healthcare
Glenmark Pharma Views Neutral
Daily
View
Bull-flag pattern with bullish bias above 665 should target 750. Pattern failure below 200
DSMA at 579 targeting 550.
Weekly
View
Likely reverse bullish Head & Shoulder pattern with breakout above 600 should target 750.
Cautious below 50 WSMA at 580 targeting 480.
30
Healthcare
Granules India Views Sell
Daily
View
Breakdown from bearish Head & Shoulder pattern at 100 should target 70 or lower. Sell on
rise towards 100.
Weekly
View
31
Healthcare
Lupin Views Sell
Daily
View
Breakdown from bear-flag below 875 should target 800 or lower. Bullish only on pattern
failure above 940.
Weekly
View
Bullish reverse Head & Shoulder pattern with neckline resistance at 940 – 950 zones should
target 1000 - 1100 - 1250. Bearish on a failed breakout confirmation below 50 WSMA at 850
targeting 660.
32
Healthcare
Strides Shasun Views Sell
Daily
View
Break from symmetrical pennant should target 380 or lower. Bullish on a failed break and
above 470 should target 575.
Weekly
View
Strong falling supply line at 500 – 510 zones. Bearish breakdown expected below 20 WSMA at
420. Fresh bullish above supply line resistance at 450 – 460 zones.
33
Healthcare
Sun Pharma Views Neutral
Daily
View
Rising supply line resistance at 620 – 625 zones. Bullish on strength above 620 should target
700 at least. Bearish below 50 DSMA at 613.
Weekly
View
Range breakout at 630 should target 800. Demand line support at 610 – 600. Bearish below
580.
34
Healthcare
Piramal Enterprises LTD Views Sell
Daily
View
Bearish pennant break at 2220 should target 2000. Bullish on strength above 2300 targeting
channel breakout towards 2800.
Weekly
View
Likely failed reverse Head & Shoulder pattern. Breakdown on range break below 2225
targeting 1600 at least. Bullish on strength above 2500.
35
Inds. Gas & Fuels
Gail Views Buy
Daily
View
Rising supply line resistance at 400 – 405 zones. Bullish only above 410 otherwise cautious.
Weekly
View
Likely bull-flag pattern in the making with breakout above 400 -405 znes should target 440 at
least. Buy on throwback towards 350.
36
Inds. Gas & Fuels
Mahanagar Gas Views Sell
Daily
View
Breakdown from bear-flag below 830 should target 720 at least. Strong gap resistance at 870
– 890. Bullish above 852 targeting 880 – 890 zones then breakout.
Weekly
View
Likely breakdown from bearish Head & Shoulder pattern at 900 should target 640 - 600.
Rising channel break below 820 should see 680. Bearish on weakness below 800. Pullback
possible only on strength above 860.
37
Inds. Gas & Fuels
BPCL Views Neutral
Daily
View
Strong gap resistance at 285 – 295 zones. Bullish only on strength above 320 targeting 450 –
460 zones. Continued bearish below 230.
Weekly
View
Rising trend-line support at 240. Bullish on strength above 240 should target 500+ levels.
Break below 230 will see panic selling targeting 120.
38
Inds. Gas & Fuels
HPCL Views Sell
Daily
View
Falling channel breakdown below 200 should target 140 at least. Bullish only on strength
above 210 otherwise cautious.
Weekly
View
Likely bear run to continue targeting demand line at 128 – 130 zones. Bullish only on strength
at 130 otherwise cautious.
39
Inds. Gas & Fuels
IOC Views Sell
Daily
View
Falling range breakdown at 130 should target 85 at least. Sell on rally towards range-break
resistance at 130.
Weekly
View
Range breakdown at 160 should target lower support of the said range at 65-62 zones. Sell on
rise towards 160.
40
Inds. Gas & Fuels
Oil India Views Sell
Daily
View
Expanding channel pattern breakout should target 170. Bullish only on pullback above 200
otherwise cautious.
Weekly
View
Bearish rising wedge breakdown at 194 should target 130 at least. Bullish only above 200
targeting 260; otherwise cautious.
41
Inds. Gas & Fuels
ONGC Views Neutral
Daily
View
Rising channel trading breakdown target has been achieved at 150. Likely pullback above 153
will be bullish.
Weekly
View
Bearish Head & Shoulder pattern breakdown below 150 should target 120 or lower. Bullish
above range-break at 153 will be bullish otherwise cautious.
42
Inds. Gas & Fuels
Reliance Industries Views Sell
Daily
View
Throwback within range should be short on rise towards range resistance at 1075 targeting
970 – 850 zones. Bullish only above 1120 otherwise cautious.
43
Inds. Gas & Fuels
MRPL Views Sell
Daily
View
Bearish pennant target has been achieved at 63. Support at 60; pullback expected. Continued
bearish below 60.
Weekly
View
44
Inds. Gas & Fuels
Chennai Petroleum Views Sell
Daily
View
Trend continuation pennant pattern breakdown below 270 should target 225.
Weekly
View
Trend continuation symmetrical triangle pattern breakdown below 268 – 275 zones should
target 180.
45
Bank - Public
Allahabad Bank Views Sell
Daily
View
Bear-flag pattern suggesting bearish trend to continue soon. Breakdown below 36 should
target 32 at least.
Weekly
View
46
Bank - Public
Andhra Bank Views Sell
Daily
View
Range breakdown below 30 should be traded with bearish bias targeting 24. Bullish on
pullback above 31 should target 35 - 44.
Weekly
View
Falling channel pattern lower resistance at 28 should be sell on rise targeting 22. Bullish on
strength above 28.
47
Bank - Public
Bank Of Baroda Views Sell
Daily
View
Breakout from falling channel at 109 - 107 should continue downwards trajectory towards 70
at least. Bullish on a pullback within range above 110.
48
Bank - Public
Bank Of India Views Sell
Daily
View
Falling channel trading within 100 – 70 zones. Bullish on strength above 70. Break below 70
should target 50.
49
Bank - Public
Canara Bank Views Neutral
Daily
View
Expanding range trading within 310 – 210 zones. Bullish on strength above 210. Break below
210 should see price breakdown.
50
Bank - Public
IDBI Bank Views Neutral
Daily
View
Strong support zone at 52 – 47. Strength above 54 should see sharp rise towards 63 then
likely 90 or higher. Break below 47 should see serious decline towards 30.
51
Bank - Public
Indian Bank Views Sell
Daily
View
Trend continuation bearish flag pattern break below 220 should target at 160 or lower.
Weekly
View
Bearish Head & Shoulder pattern should target 120. Sell on rise towards pattern neckline at
290. Bullish only on strength above 310 targeting 380 – 400 zones.
52
Bank - Public
Oriental Bank Views Sell
Daily
View
Falling channel trading within 66 – 60 zones should break down below 60 targeting 55 or
lower. Bullish on strength above 70.
Weekly
View
Falling channel trading within 80 – 60 should reach 52 on the downside. Short on rise towards
resistance at 68-70 zones.
53
Bank - Public
Punjab National Bank Views Sell
Daily
View
Falling channel breakdown at 65 should target 50 at least. Bullish only above 66 otherwise
cautious.
Weekly
View
Support of falling demand line at 50. Bullish on strength above 50 otherwise cautious.
54
Bank - Public
State Bank Of India Views Sell
Daily
View
Bearish flag pattern should breakdown below 265 targeting 245 or lower.
Weekly
View
Bearish Head & Shoulder pattern in the making in weekly chart. Break below 250 should
trigger the pattern targeting 150 or lower. Bullish on strength above 100 WSMA at 278
targeting 370 or higher; otherwise cautious.
55
Bank - Public
Syndicate Bank Views Sell
Daily
View
Trend continuation falling wedge pattern break below 37 should target 28 or lower. Sell on
rise towards 36.
Weekly
View
Break of support at 36 should see downtrend towards 20. Sell on rise towards 36. Bullish only
above 42 otherwise cautious.
56
Bank - Public
Union Bank Of India Views Sell
Daily
View
Trend continuation bearish pennant pattern break below 68 should target 60 or lower. Sell on
rise towards 68.
Weekly
View
Falling range break at 84 – 65 should target 52 at least. Bullish only above 70 targeting 80.
57
Capital Goods
CG Power & Ind Solutions Views Sell
Daily
View
Bearish Head & Shoulder pattern breakdown should target 30 – 25 zones. Sell on rise towards
pattern neckline resistance at 48.
58
Capital Goods
Havells India Views Buy
Daily
View
Previous pivot high support at 592.5. Strength above 600 should find supply at 660-670.
Bearish below 550 targeting 500..
59
Capital Goods
Siemens Views Neutral
Daily
View
Bullish reverse Head & Shoulder pattern breakout above 995 should target 1095.
Weekly
View
Falling channel trading at the lower support of the said channel at 900. Strength at current
level should target upper resistance at 1000. Breakout above 1050 should trend towards
pattern target at 1170 - 1250 zones.
60
CAPITAL GOODS
BEML Views SELL
Daily
View
Breakdown from bear flag indicates fresh weakness. Traders can go short around 590
level and Strict stop loss should be maintained at 615 as it is in oversold zone.
Immediate support is placed at 515.
Weekly
View
Breakdown from bear flag suggests weakness. Crucial resistance is at 628. Support at
515 levels.
61
CAPITAL GOODS
BEL Views SELL
Daily
View
Previous breakdown level of 97 should act as supply zone. Break below the trend line
signifies fresh weakness Immediate resistance is placed at 97 levels which is quite far
away and support at 69 levels.
Weekly
View
Sell on rise should be approached as it is trading in oversold zone but if it breaks 74 then
fresh momentum can be seen in favour of bears. Resistance stands at 96 & 105(20DMA)
and support is placed at 69 levels.
62
CAPITAL GOODS
BHEL Views SELL
Daily
View
Facing resistance at 50DMA(74) level. Overall trend is weak and traders should go for
short until crosses 77 levels. Support is placed at 64(swing low) mark.
Weekly
View
Trading below its all short term moving averages indicates weakness. Resistance at
74(20MA) and support at 64(swing low) levels.
63
CAPITAL GOODS
Enginers India Views SELL
Daily
View
Weekly
View
Range bound trading expected and any attempt to move above 140(recent swing high)
level can witness momentum till 155 level and on the down side decisive move below 117
can take the price down till 106.
64
CHEMICALS
Asian Paints Views BUY
Daily
View
Sharp correction has broken its 200DMA (1242) levels. Decisive move above 1242 can take
the price higher till 1287(20DMA) levels else it may correct further. Support stands at 1162
levels
Weekly
View
Big bear candle is observed around 50DMA (1229) suggests weakness. Support at
1150(100DMA) and resistance stands at 1332(20DMA).
65
CHEMICALS
Godrej Industries Views SELL
Daily
View
It is trading in down trend with strong momentum. Sell on rise should be approached as
it is trading far away from moving average. Resistance at 515 and support at 468 levels.
Weekly
View
66
CHEMICALS
PIDILITIND Views SELL
Daily
View
Trading below the important support of 200DMA (1017). Until it moves above 1017 the
price can may correct further. Support stand at 925.
Weekly
View
Break below 50DMA (989) indicates further weakness. Support at 925 and resistance at
989 levels.
67
CHEMICALS
Berger Paint Views BUY
Daily
View
Trading around its multiple support area. On the upside if it moves above 279(200DMA)
then bull trend likely to resume. Support stands at 261 zones.
Weekly
View
Trading around strong support of 257(100DMA0. If it shows any pullback then likely to
face resistance at 277(50DMA). Crossover above 277 can take the price further up.
68
AGRI
KAVERI SEEDS Views SELL
Daily
View
After sharp correction it has broken its upward slanting trend line. Negative sentiment
likely to persist till it traders below 541(200DMA). Support is placed at 474 marks.
Weekly
View
Cup & Handle pattern breakout indicates bullish momentum. Buy on dips should be
approached and violation of 531 level will nullify the cup & handle pattern.
69
AGRI
TATA CHEMICALS Views SELL
Daily
View
Break below upward sloping trend line should be traded with negative bias and sell on
rise should be approached. Support is placed at 646 levels and resistance at 682 levels.
Weekly
View
It may find support at 100DMA (651) levels and pullback can be seen. Resistance at
713(20DMA) levels.
70
AGRI
JAIN IRRIGATION Views SELL
Daily
View
Sharp correction is being observed after breakdown from bear flag. Traders should wait
for pullback to go for fresh short. Resistance is placed at 71 level and support stands at
57 levels.
Weekly
View
Bear flag breakdown indicates weakness and sell on rise should be approached for
favourable risk reward ratio. Resistance stands at 71 and support at 57 levels.
71
AGRI
TATA GLOBAL Views SELL
Daily
View
It is facing resistance at its falling trend line for multiple times. Traders should go for
short opportunity until it moves above 240. Support stands at 205 and resistance at
227(20DMA) & 233(500DMA) levels.
Weekly
View
Facing resistance at its falling trend line of 265 levels. Support stands at 201 and
resistance at 245 & 265 levels.
72
AGRI
GSFC Views SELL
Daily
View
Breakdown level of 100 should act as supply zone. Sell on rise should be approached..
Support at 84 and resistance at 103 levels.
Weekly
View
Break below 200DMA(100) indicates weakness. It is likely to trade negative until crosses
100 on closing basis. Support stands at 84 levels.
73
AVIATION
JET AIRWAYS Views SELL
Daily
View
The stock is in strong bear trend as it is making lower troughs and peaks. As it is trading
in oversold zone, pullback rally cannot be ruled out and sell on rise should be
approached. Support stands at 164 mark and resistance at 228(20DMA)
Weekly
View
Trading with a negative bias but pullback rally can be seen as it is trading in oversold
zone. Resistance at 309(20DMA) and support at 164.
74
AVIATION
INDIGO Views SELL
Daily
View
It is trading in down trend below its all important moving averages. As it is trading in
oversold zone, pullback rally cannot be ruled out but sell on rise should be approached
until it crosses 910 levels. Support stands at 710 levels and resistance at 887(20DMA).
Weekly
View
75
CONSUMER DURABLES
VOLTAS Views SELL
Daily
View
Trading around horizontal trend line support of 493. Pullback can be witnessed but likely
to face supply at higher level. Immediate resistance stands at 560(100DMA) levels and
support at 493 levels
Weekly
View
Big bear candle is being observed and break below 500 can take the price down else it
can weakness some pullback rally. Support stands at 493 levels and resistance at
560(20DMA).
76
DIVERSIFIED
CENTURY TEXTILE Views SELL
Daily
View
Break below horizontal trend line indicates weakness. Support is placed at 750 level and
resistance stands at 878(20DMA).
Weekly
View
Range breakdown and break below 200DMA (855) indicates weakness. Overall trend is
weak and sell on rise should be followed. Support stands at 720 mark and resistance at
906(20DMA).
77
DIVERSIFIED
GRASIM Views SELL
Daily
View
Trading below its all important moving averages indicates weakness after breakdown
from upward slanting trend line. Support stands at 914(swing low) and resistance at 994
levels.
Weekly
View
Break below upward slanting trend line indicates fresh weakness. Decisive move below
914 can take the price towards 850 levels. Support stands at 914 levels and resistance at
1013(20DMA) levels.
78
DIVERSIFIED
SRF Views SELL
Daily
View
Break below the trading range indicates weakness. Likely to face supply at higher level
and sell on rise should be approached. Support stands at 1615 levels and resistance
stands at 1840(100DMA) levels.
Weekly
View
It has broken its 100DMA(1744) which signifies short term weakness. Support stands at
1530 (swing low) and resistance at 1821(20DMA) levels.
79
FMCG
BRITANNIA Views SELL
Daily
View
Weekly
View
Trading in strong bull trend and likely to continue till it holds 5419(50DMA) levels.
80
FMCG
COLPAL Views SELL
Daily
View
Trading its all important moving averages indicates weakness and likely to face resistance
at higher level around 1124(200DMA). If it manages to cross above 1124 then pullback
can be seen. Support stands at 1055.
Weekly
View
Trading around support of 100DMA(1059). If it breaks below 1059 then fresh weakness
can be seen. Support stands at 1020(swing low) and resistance at 1113(50DMA) levels.
81
FMCG
DABUR Views BUY
Daily
View
Trading around its previous breakout level and if manages to hold 395 then pullback rally
can be seen. Support is placed at 411(100DMA) & resistance at 442 levels.
Weekly
View
Despite of correction it holding above 20DMA(417) levels. Bullish bias should continue in
near term. Support stands at 403 and resistance at 491 levels.
82
FMCG
GODREJCP Views BUY
Daily
View
After a sharp correction it has formed hammer candlestick pattern. Above 715 can
witness pullback rally till 767(200DMA). Support stands at 680 and resistance at
816(20DMA).
Weekly
View
83
FMCG
HINDUNILVR Views SELL
Daily
View
Range breakdown indicates weakness but trading around 1511(200DMA) which may not
favour the risk reward ratio for fresh trade. Support stands at 1511 & resistance stands
at 1615(20DMA) levels.
Weekly
View
Above 1664(20DMA) bull trend likely to resume and inch the price higher towards 1800
mark but in current trajectory minor correction cannot be ruled out.
84
FMCG
ITC Views BUY
Daily
View
Hovering above 200DMA(277) levels with a corrective mood. Above 286(100DMA) can
take the price up till 299 mark.
Weekly
View
Broken its previous breakout level and if it manages to move above 290 then bull trend
likely to resume. Support stands at 274(100DMA) & resistance at 288 & 322 levels.
85
FMCG
JUILANT FOOD Views BUY
Daily
View
It is facing resistance at 1223(200DMA) mark.. Above 1223 bull trend likely to resume.
Support stands at 1080 mark and resistance at 1303(20DMA) levels.
Weekly
View
Trading around its previous breakout level. If it doesn’t moves below 1165 then pullback
likely to continue till 1387(20DMA).
86
FMCG
NESTLE INDIA Views BUY
Daily
View
Trading within a range above 200DMA (9081) support levels. If it moves above 100DMA
(10151) then bullish bias likely to resume.
Weekly
View
87
FMCG
MARICO Views BUY
Daily
View
Trading around support level and in extremely oversold zone. Pullback rally cannot be
ruled out above 315 mark. Resistance stands at 329 levels and support stands at 304
level.
Weekly
View
Any attempt to cross above 310 should be traded with bullish bias. Resistance stands at
326 and support at 304.
88
FURNISHING
KAJARIA CERAMICS Views SELL
Daily
View
Break below the trend line indicates fresh weakness. Likely to face supply around
405(20DMA). Support stands at 298.
Weekly
View
It is facing resistance at 405(Break down level) and support stands at 298 levels.
89
IT
HCL TECH Views SELL
Daily
View
Negative divergence in RSI(14) indicates cautious approach. If it breaks 1061 level then it
can witness short term trend reversal. Resistance stands at 1125 levels and support
stands at 1031(50DMA).
Weekly
View
Shooting star and long legged doji candlestick pattern indicates cautious approach.
Support stands at 1025 and resistance at 1125.
90
IT
HEXAWARE Views NEUTRAL
Daily
View
Huge correction in the stock has nullified the momentum. No trade setup is observed
and traders should wait for clarity.
Weekly
View
Hovering around 50DMA (398) levels. Support is placed at 391 and resistance stands at
452 levels.
91
IT
INFOSYS Views BUY
Daily
View
Decent correction is being witnessed and manages to hold above 707(50DMA) levels.
Bull trend likely to persist till it holds 702. Support stands at 7252 levels and resistance
at 747.
Weekly
View
92
IT
KPIT Views BUY
Daily
View
Trading with negative bias but short traders should be cautious as there is no volume
participation at lower level. Support stands at 190 and resistance at 226 mark.
Weekly
View
93
IT
MINDTREE Views BUY
Daily
View
Lately it has witnessed triple top crossover but unable to sustain above it. If it manages
to move above 1114 then bull trend likely to resume. Support stands at 1026(100MA)
levels and resistance stands at 1107.
Weekly
View
Triple top crossover with a rise in volume indicates strong up move. Recent correction is
supported by 20DMA (1027) levels. Resistance stands at 1175 levels.
94
IT
NIIT TECH Views BUY
Daily
View
Doji candlestick pattern indicates indecisiveness. Traders should wait for clarity to move
above 1188(100DMA) for fresh up move. Support stands at 1016(200DMA) and
resistance at 1188.
Weekly
View
Support stands at 1067 levels and resistance at 1201(20DMA). Overall trend is bullish.
95
IT
TCS Views BUY
Daily
View
Bull trend likely to persist till it holds 2049(20DMA). Support stands at 2020 levels and
resistance at 2113.
Weekly
View
Bullish momentum should continue until violates 1928(swing low) Support stands at
1962(20DMA) and resistance at 2275.
96
IT
TATA ELXSI Views BUY
Daily
View
In current trajectory 1181 should act as strong resistance. Sustenance trade above 1181
bullish momentum likely to resume. Support stands at Swing low of 1111 and resistance
at 1211 levels.
Weekly
View
Bullish bias should continue till it holds 1111. Resistance stands at 1333.
97
IT
TECH MAHINDRA Views BUY
Daily
View
Hovering above its triple top crossover level indicates it is in firm of bulls. Buy on dips
should be approached till it holds 696(100DMA) levels. Support stands at and resistance
at 752 levels.
Weekly
View
Breakout from horizontal trend line indicates bullish bias. Recent correction is
supported by 20DMA levels. Support stands at 697(20DMA) and resistance at 781 levels.
98
IT
WIPRO Views BUY
Daily
View
Hovering around 20DMA(326) and any attempt to move above 333 likely to resume
uptrend. Support stands at 315 levels and resistance at 338.
Weekly
View
Tipple top crossover indicates fresh upward move and 306 should act as good support
zone. Initial target should be 364 on the upside.
99
TEXTILE
ARVIND Views SELL
Daily
View
It is showing strong down side momentum after breakdown from its trend line support.
Likely to test 275 in short term. Support stands at 275 levels and resistance at 331
levels.
Weekly
View
Violation of channel indicates fresh weakness. Support stands at 264 and resistance at
343(200DMA) levels.
100
TEXTILE
PAGE Views BUY
Daily
View
Strong bull trend is being observed and decisive trade above 20DMA (33677) likely to
resume bull trend. Support is placed at 29217(100DMA).
Weekly
View
Despite of sharp correction it has taken support at its trend line. Any attempt to move
above 29800 can witness upside momentum. Support stands at 26000 and resistance at
33700.
101
TEXTILE
RAYMOND Views SELL
Daily
View
In a verge to form bear flag and traders should wait for clarity for fresh short. Support
stands at 628 levels and resistance at 689.
Weekly
View
102
MISCLLANEOUS
JUST DIAL Views SELL
Daily
View
Triangle pattern breakdown signifies weakness but pullback rally cannot be ruled out as
it near oversold zone. Below 456 likely to witness fresh weakness. Resistance stands at
511(200DMA) levels.
Weekly
View
Consolidating within a wide range of 639 & 327 levels. Decisive move above 638 can be
traded with bullish bias else be cautious. Support stands at 358 levels.
103
RETAILING
BATA INDIA Views BUY
Daily
View
After sharp correction it has tested its previous breakout level. If it moves above
893(100DMA) then bull trend likely to resume. Support stands at 816 and resistant at 975
levels.
Weekly
View
Big bear candle is observed and traders should be cautious in the current juncture.
Support stands at 852 levels and resistance at 908.
104
FINANCE
IDFC Views SELL
Daily
View
Sell on rise should be approached till it trades below 46. Support stands at 35 levels.
Weekl
y View
Trading in bear trend and sell on rise should be approached. Resistance stands 48(20DMA)
and support at 34 levels.
105
FINANCE
IFCI Views SELL
Daily
View
Breakdown from triple bottom indicates weakness and sell on rise should be approached.
Resistance stands at 14.50 and support stands at 10.
Weekly
View
overall trend is weak and sell on rise should be approached. Support stands at 10 levels
and resistance at 16(20DMA)
106
FINANCE
L&TFH Views SELL
Daily
View
Break below the trend line indicates fresh weakness but traders should go for sell in rise
around 135 levels. Support is placed at 115 levels and resistance at 137 levels.
Weekly
View
Trading with corrective mood and likely to face supply at higher level around 151. Support
stands at 111(200DMA).
107
FINANCE
M&MFIN Views SELL
Daily
View
Trading below all its important moving average and facing resistance at its moving
average 423(20DMA). Sell on rise should be followed till it crosses above 430(on closing
basis). Support stands at 342 levels.
Weekly
View
108
FINANCE
PFC Views SELL
Daily
View
It is trading within a negative bias below its all moving averages. Weakness likely to persist
in short term. Immediate hurdle is placed at 80(100DMA). Support stands at 67 level.
Weekly
View
The price has broken 20DMA (80) indicates weakness. Likely to witness selling pressure
until crosses 80. Support stands at 67 level.
109
FINANCE
RELIANCE CAPITAL Views SELL
Daily
View
Bear trend likely to persist till it trades below 274. Support stands at 230 levels.
Weekly
View
Three black crows indicates continuation of down trend. Resistance stands at 292 and
support stands at 230.
110
FINANCE
REC LTD Views SELL
Daily
View
Overall trend is weak and sell on rise should be approached around 20DMA(107) levels..
Support stands at 94 mark.
Weekly
View
Hovering around 20DMA(110) with corrective mood. Downward sloping trend line
resistance stands at 123 levels and support stands at 89 levels.
111
FINANCE
SHRIRAM TRANSPORT FIN Views SELL
Daily
View
It is trading with a negative bias and short should be created around 1131 level until it
crosses 1167. Support stands at 1025.
Weekly
View
Support of 1093(200DMA) has taken out and long traders should be cautious.
Resistance stands at 1176(100DMA) and support stands at 1025 & 970.
112
FINANCE
BAJAJ FINSRV Views NEUTRAL
Daily
View
Big bear candle suggests it is in favour of bears but traders should wait for clarity to
move below 5222 for fresh weakness. Resistance stands at 5744(200DMA) levels.
Weekly
View
Big bear candle with a close below 50DMA(5652) indicates negative bias. Support stands
at 4907(100DMA) and resistance at 5652.
113
FINANCE
MFSL Views SELL
Daily
View
Doji candlestick pattern indicates indecisiveness and pullback rally should be used to go
short around 385. Resistance stands at 405 levels and support at 350.
Weekly
View
Break below triple bottom suggests, corrective rally likely to take the price further down.
Support stands at 345 levels.
114
FINANCE
SREI INFRA Views SELL
Daily
View
Sell on rise should be approached around 38(previous breakdown level). Support stands
at 29 levels and resistance at 38.
Weekly
View
Pullback can be seen as it is near oversold zone. Support stands at 29 and resistance
stands at 44 levels.
115
FINANCE
UJJIVAN FIN Views SELL
Daily
View
Overall trend is weak but pullback rally cannot be ruled out as it is in oversold zone.
Support stands at 228 level and resistance at 268.
Weekly
View
Breakdown from triangle pattern indicates weakness. Support stands at 220 levels and
resistance at 285.
116
FINANCE
BAJAJ FINANCE Views BUY IN DIPS
Daily
View
Stock has given fresh breakdown after consolidating within a range. It has take temporary
support around previous breakout zone. Decisive trade below 1950 may drag BAJAJ
FINANCE further lower till 1820 zone.
Weekly
View
Stock is trading around Inflection point i.e. lower band of rising channel and previous
swing high. Closing below 1950 would add momentum on downside.
117
FINANCE
Bharat Fin Inclusion Views Buy in Dips
Daily
View
In the daily charts, Price is trading around 50% Retracement levels i.e. around 950 levels
(drawn from low of 659 to high of 1238). Breakdown below 950 may drag BHARATFIN
further lower till 880 marks. Furthermore, Oscillators are trading extreme oversold zone.
Weekly
View
Stock rebounded from previous breakout levels i.e. 950 zone. Hammer formation at
support levels suggesting possible change in trend. Till it holds 950 marks, bounce-back
from lower levels cannot be ruled out.
118
FINANCE
HDFC Ltd Views Neutral
Daily
View
Price has given breakdown from ‘Pennant’ pattern formation. It is likely to come down
till 1650 zone in near term.
Weekly
View
Stock has entered into strong corrective phase. It may come down till 1630 zone which
is likely to act as Inflection point.
119
FINANCE
CAPITAL FIRST LIMITED Views Avoid
Daily
View
Strong Support is seen around 450 levels. Oscillators are entering in oversold zone. Price
may witness a bounce back from lower levels.
Weekly
View
Price has formed “Inverted Hammer” candlestick around up-ward sloping trend line. The
level 450 is good support levels. Below 450 CAPF may come down till 430 zones.
120
FINANCE
CHOLAMANDALAM IN & FIN CO Views Sell on Rise
Daily
View
Stock has formed Tweezer Bottom pattern around 1080 levels. Breakdown below this
may resume its down-move.
Weekly
View
Stock has rebounded from Internal trend line. Overall trend is down. Any pullback is
towards 1270 levels is a good levels to short.
121
FINANCE
EQUITAS HOLDINGS LIMITED Views Sell on Rise
Daily
View
Fresh breakdown from support levels may drag EQUITAS lower till 88 marks.
Weekly
View
Price has breached its major support levels of 130 marks and is expected to move further
lower. One can short the stock around 128-130 levels for lower levels of 90 i.e. Target of
consolidation phase.
122
FINANCE
MANAPPURAM FINANCE LTD Views Sell on Rise
Daily
View
Multiple Dojis at lower levels suggesting indecisiveness at lower levels. Breakdown below
70 would add fuel on down side.
Weekly
View
Stock has formed ‘Spinning Top’ candlestick pattern around weekly 200 moving average
indicating indecisiveness among bulls and bears. It may witness a pullback till 88-90 zones
till it sustains above 70.
123
FINANCE
MUTHOOT FINANCE LIMITED Views Neutral
Daily
View
Stock has entered into a consolidation phase and is likely to trade within a broader range
of 370-470 in near term.
Weekly
View
124
Finance
ICICI Pru Life Views Sell
Daily
View
Trend continuation pennant break below 360 should target 300 at least.
Weekly
View
Channel breakdown at 360 should target 290 or lower. Sell on rise towards falling trend-line
resistance at 340.
125
Automobile & Ancillaries
Amara Raja Batteries Views Range bound
Daily
View
Price is trading within a broader range of 710-900 zones. Closing below 710 may drag
AMARAJA Batteries further lower till 675 marks.
Weekly
View
Consolidating within range of 185 points. 700 is the trend reversal point. Support stands
at 710 and 665 levels
126
Automobile & Ancillaries
Exide Industries Views Sell on Rise
Daily
View
Stock is trading around 200 DMA of 245 zones. Fall in price may halt around 240-245
marks. Next support comes around 232 levels.
Weekly
View
Stock may come down till 228 marks i.e. up-ward sloping trend line which may act as
immediate support levels.
127
Automobile & Ancillaries
Apollo Tyres Views Neutral
Daily
View
Spinning Top candlestick pattern with oscillators in oversold zone signifying a pullback
from lower levels cannot be ruled out. Hurdle is seen around 217 & 226 marks.
Weekly
View
On weekly time frame, Price has closed below its weekly 200 simple moving average. Till
it sustains below 210, price may fall further till 175.
128
Automobile & Ancillaries
Bharat Forge Views AVOID
Daily
View
Price has formed ‘Tweezer Bottom’ around 575 marks. Sustenance trade below this
might drag BHARAT FORGE further lower.
Weekly
View
Price is trading around previous swing low. Decisive break below 575 may drag prices
further lower till 540 zones.
129
Automobile & Ancillaries
Castrol India Views Avoid
Daily
View
Has given breakdown from previous swing low of 150 marks. Throwback till 150 is a good
level to sell.
Weekly
View
Stock is trading in strong downtrend on weekly time frame. Any pullback till 145-148 is a
good selling zone.
130
Automobile & Ancillaries
Ceat Views NEUTRAL
Daily
View
Multiple supports stands around 1050 marks which may act as make or break zone.
Closing below this may take prices further lower till 945 zones.
Weekly
View
131
Automobile & Ancillaries
Cummins India Views Buy on Dips
Daily
View
Probable formation of an Inverse Head & Shoulder pattern on daily chart. Till it holds 600
marks, CUMMINS may remain capped within a broader range of 600-800 levels.
Weekly
View
Trading within a broader range of 600-800 levels. Now it has to close on either side to
decide the trend.
132
Automobile & Ancillaries
MRF Views Sell on Rise
Daily View
On the weekly chart, MRF trading around Make or Break level. Breakdown below
61000 may take prices lower till 58500 marks.
133
Automobile & Ancillaries
BALKRISHNA IND. LTD Views Sell on Rise
Daily
View
Stock has fresh breakdown from small Pennat pattern indicating resumption of previous
downfall. It may fall further lower till 860 marks.
Weekly
View
Price has given breakdown from lower band of the channel indicating weakness. Any
rise towards 1085-1100 zones is a good level to take short position.
134
Cement
Dalmia Bharat Ltd Views Sell on Rise
Daily
View
Price is likely to fall till 1850 marks i.e. Target of AB=CD Bullish pattern which may act
strong support levels.
Weekly
View
Price has reached lower band of Falling Channel. Breakdown below 2100 zone may take
prices further lower till 1665 zone i.e. 200 weekly simple moving average.
135
Cement
ACC Views Buy Above
Daily
View
Stock may take support around 61.8% Retracement levels stands around 1418 levels.
One can buy the stock only above 1590 marks.
Weekly
View
ACC is trading within a narrow range of 1430-1590 levels on weekly chart. Now it has to
cross 1590 marks to add upside momentum.
136
Cement
Ambuja Cements Views Neutral
Daily
View
Stock rebounded from Internal Trend-line i.e. around 205 levels. Now it has to cross 235
marks to resume its up-move.
Weekly
View
On weekly chart, Price has given breakdown from Symmetric Triangle. It may come down
till 194 marks in near term.
137
Cement
India Cements Views Sell on Rise
Daily
View
Weekly
View
Strong support stands around 90 levels. Below 90 marks, India Cement may resume its
down-move.
138
Cement
Ultratech Cement Views Buy Above
Daily
View
Stock trading below its major moving average of 200 DMA of 4080 levels. It may fall
further till 3650 zone in near term. Closing above 4155 would nullify the down move.
Weekly
View
On weekly chart, Strong bearish candle is indicating weakness to persist in near term.
Near term support is seen around 3630.
139
Cement
RAMCO CEMENTS LIMITED Views Sell Below
Daily View
Stock has given fresh breakdown on downside and is likely to move southwards till 600
marks. Furthermore, positive divergence in oscillators signifying a pullback from lowers
levels.
Weekly
View
On weekly chart, price is trading within a Broadening Triangle pattern. Support stands
around 600 marks.
140
Cement
SHREE CEMENT LIMITED Views NEUTRAL
Daily
View
Fresh breakdown on daily time frame indicating downfall to continue till 15200.
Weekly
View
Trading within a broader range of 15200-20050 levels and is likely to remain capped
within the range in near term.
141
Mining & Metals
Coal India Views Sell Below
Daily
View
Trading around key support levels of 260. Breakdown below this would add momentum
on downside.
Weekly
View
Coal India is trading within a Symmetric Triangle. Breakdown below 260 would add
momentum on downside which may take prices further lower till 235 zones.
142
Mining & Metals
NMDC Views NEUTRAL
Daily
View
Price is trading at short term trend-line. Breakdown below 108 may drag NMDC further
lower till 100
Weekly
View
NMDC is trading around its key support zone. Closing below 108 may drag prices lower
till 100 zones.
143
Mining & Metals
Hindalco Industries Views Buy in Dips
Daily
View
On the daily chart, Hindalco has formed an Evening Star candlestick pattern around
hurdle zone with negative divergence on oscillators is suggesting profit booking at
higher levels cannot be ruled out. Support is seen at 228 zones.
Weekly
View
On weekly chart, breakout failure indicating weakness. It may remain capped within the
Falling Channel in near term.
144
Mining & Metals
Hindustan Zinc Views BUY Above
Daily
View
Prices failed to close above the Neckline signifying bears are more powerful at higher
levels. Till it sustains below 305 marks, profit booking at higher levels cannot be ruled
out.
Weekly
View
Stock took hurdle around 302 levels. Likely to gain downside momentum below 280
zone.
145
Mining & Metals
Vedanta Views BUY
Daily
View
It has to close above 242 to gain upside momentum. Above 242, upside Target comes
around 272 zone.
Weekly
View
On weekly chart, VEDL is consolidating around 50% Retracement levels within a range of
200-240 levels. Any correction towards 220-221 levels is good entry point.
146
Mining & Metals
NATIONAL ALUMINIUM Views Sell on Rise
Daily View
Took hurdle around downward sloping trend line. It might correct till 55 marks which
is a good entry levels.
Weekly
View
147
Iron & Steel
Jindal Steel & Power Views Sell on Rise
Daily
View
Has given breakdown from Flag pattern which is a bearish set-up. Any pullback till
210-211 is good level to take short position.
Weekly
View
Jindal Steel has breached support of 180 and likely to fall further lower from here till
155 marks.
148
Iron & Steel
JSW Steel Views BUY
Daily
View
Stock has entered in a corrective phase after facing strong hurdle at upward sloping
trend-line. The level 340 is a good place to accumulate the stock.
Weekly
View
Stock has given breakdown from a Head and Shoulder pattern suggesting continuation
of previous down fall. It may fall till 60 odd levels.
Weekly
View
Price has given breakdown from a Symmetric Triangle. It may retest 62 marks i.e. 200
weekly simple moving average.
150
Iron & Steel
Tata Steel Views BUY
Daily
View
After a decent rally, it has taken hurdle around 200 DMA i.e. 617 levels and entered into
a trading range. Till it sustains below 617 mark, profit booking at higher levels cannot be
ruled out
Weekly MACD (-3.90149) 50
View
0
750
700
61.8%
50.0% 650
38.2% 600
23.6%
550
0.0% 500
450
400
350
50000
x1000
Dec 2017 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Need to close above 625 levels on weekly basis to gain upside momentum. Otherwise
likely to trade within a range of 550-625 levels.
151
Logistics
Adani Ports Views AVOID
Daily MACD (-15.6865)
10
5
View 0
-5
-10
-15
Relative Strength Index (18.4565) 80
70
60
50
40
30
20
*Adani Ports & Spcl Eco Zone (317.100, 318.400, 298.000, 301.800, -15.2500)
0.0% 450
400
23.6%
350
38.2%
50.0%
300
61.8%
250
200
100.0%
150
20000
10000
x1000
Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct
Has given breakdown from Symmetric Triangle on daily chart. It may come down till 274
marks i.e. 61.8% Retracement level.
View 10
0
-10
-20
*Adani Ports & Spcl Eco Zone (328.000, 338.000, 298.000, 301.800, -27.1000)
0.0% 450
400
23.6%
350
38.2%
50.0%
300
61.8%
250
200
100.0%
150
50000
x1000
D 2014 M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A MJ J A S O N D 2018 A MJ J A S O N D
Post breakdown from a Descending Triangle, prices has closed below weekly 200 DMA
of 321.50 marks. Now it may down till 280 zone i.e. Target of the pattern.
152
Logistics
Container Corp Views Range Bound
Daily MACD (-5.14160) 20
15
10
View 5
0
-5
-10
-15
-20
Relative Strength Index (42.2022)
70
60
50
40
30
700
650
600
550
50000
x100
September October November December 2018 February March April May June July August September October
Price is trading within a Symmetric Triangle. Breakout or Breakdown on either side would
dictate the trend in near term. Till it trades within a pattern, one should avoid taking
trade on this stock.
Weekly MACD (-6.79491) 50
View
0
10000
x1000
O N D 2014 M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A MJ J A S O N D 2018 A MJ J A S O N D
Price is trading within a ‘Symmetric Triangle’. Closing below 590 levels would drag price
further lower till 550 zones.
153
Power
CESC Views Sell on Rise
Daily MACD (-32.9839)
40
30
View 20
10
0
-10
-20
-30
50000
x100
February April May June July August September November 2018 February April May June July August September
Stock has breached support of 860 marks. It is heading towards 755 levels in near term.
Post breakdown from a Descending Triangle, CESC is currently trading around 50%
Retracement levels. Breakdown below 800 may drag CESC further lower till 705.
154
Power
NTPC Views Sell
Daily MACD (0.39973) 3
2
View 1
0
-1
-2
-3
Relative Strength Index (40.7393)
70
60
50
40
30
185
180
175
170
165
160
155
150
10000
x1000
October November December 2018 February March April May June July Augus t September October
Has given breakdown from range & till it sustains below falling trend line, profit booking
at higher levels cannot be ruled out. Hurdle is seen at 173.
-5
10000
x10000
D 2014 M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A MJ J A S O N D 2018 A M J J A S O N D
Failure breakout from trend-line is suggesting weakness. It may find support at 154 i.e.
weekly 200 simple moving average.
155
Power
Power Grid Corp Views Buy Above
Daily MACD (-0.79899)
View 0
-5
*Power Grid Corp of (I) (189.000, 191.550, 186.350, 187.300, -1.95000) 230
225
220
215
210
205
200
195
190
185
180
175
10000
x10000
February April May June July Augus t September November 2018 February April May June July August September
Breakdown from Symmetric Triangle. It may fall further till 174 marks.
View 5
-5
Relative Strength Index (43.7745) 80
70
60
50
40
30
20000
x10000
D 2014 M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A M J J A S O N D 2018 A M J J A S O N D
The levels 206 may work as stiff hurdle in near term. Need to cross this hurdle to gain
further upside momentum. It may come lower till 174 zone which may act as strong
support zone.
156
Power
PTC India Views AVOID
Daily MACD (-3.49615) 2
1
View 0
-1
-2
-3
105
100
95
90
85
80
75
70
65
10000
x1000
16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22
May June July August September October
Has breached support of 68 levels. It may fall further from here. As momentum
oscillators are trading below oversold zone, price may witness a temporary pullback.
-5
The levels 65 may work as immediate support levels and resistance at 84 marks.
157
Power
Reliance Infrastructure Views Sell on rise
Daily MACD (-35.7487) 30
20
View 10
0
-10
-20
-30
550
500
0.0%
23.6%
450
38.2%
50.0%
61.8%
400
100.0%
350
300
161.8%
10000
x1000
July August September October November December 2018 February March April May June July August September
Stock is consolidating around 281 i.e. 161.8% Retracement level which may work as
strong support zone
View 50
Double Bottom at 281 levels is signifying a possible change in trend. Till it holds 281,
bounce back from lower levels cannot be ruled out.
158
Power
Tata Power Company Views NEUTRAL
Daily MACD (-1.94082) 3
2
View 1
0
-1
-2
100
95
90
85
80
75
70
65
60
20000
x1000
July Augus t September October November December 2018 February March April May June July August September
Has given the breakdown from range indicating resumption of downtrend. It may fall
further lower till 56 marks i.e. Target of range.
Weekly MACD (-3.29187)
5
View
0
-5
50000
x1000
D 2013 A M J J A S O N D 2014 A M J J A S O N D 2015 A M J J A S O N D 2016 A M J J A S O N D 2017 A M J J A S O N D 2018 A MJ J A S O N D
Price has given breakdown from support levels and is likely to come down till 55 marks.
159
Power
Torrent Power Views BUY in Dips
Daily MACD (-5.63095) 15
10
View 5
0
-5
-10
Relative Strength Index (40.8991) 80
70
60
50
40
30
July August September October November December 2018 February March April May June July August September
Stock is trading around lower band of trading range i.e. 275-200 levels. Till it sustains
above 200 marks, price may trade within these levels.
250
200
150
100
50
Price is trading around lower band of consolidation phase. Till it holds 200 marks, bounce-
back from lower levels cannot be ruled out.
160
‘;.
Infrastructure
IRB Infra Views Sell on Rise
Daily 26+3
View MACD (-13.8064)
10
5
0
-5
-10
July August September October November December 2018 February March April May June July August September
Price has given fresh breakdown from flag pattern indicating further downside to
continue. As oscillators are trading in extreme oversold zone, price may witness a
pullback.
250
200
150
100
50
Stock has closed below 175 and may fall further lower till 110 marks i.e. target of the
range breakdown.
161
Infrastructure
Larsen & Toubro Views Sell Below
Daily MACD (-18.9968) 40
30
View 20
10
0
-10
-20
1450
1400
1350
1300
1250
1200
1150
1100
1050
Septem ber October November Decem ber 2018 February March April May June July August September October
LT consolidating around rising trend-line which may work as immediate support levels.
Below 1200 may drag LT lower till 1180. Momentum Oscillators are trading in oversold
zone.
Weekl MACD (-3.44872)
50
y View
0
-50
Has given breakdown from trend-line. Now it may come down till 1190 marks i.e. lower
band of Falling channel.
162
Infrastructure
NCC Views Range Bound
Daily MACD (-5.53252)
5
View 0
-5
June July August September October November December 2018 February March April May June July August September
Fresh breakdown below 77 may take prices lower till 55. RSI is trading around its
oversold zone and may witness a pullback till 82-85 zones which may act as strong
hurdle zone.
View 5
-5
60
50
40
30
NCC (72.4000, 77.9500, 65.8000, 71.4000, -1.60000) 145
140
135
130
125
120
115
110
105
100
95
90
85
80
75
70
65
60
55
50
45
NCC is consolidating below breakdown level indicating weakness. Oscillators are trading
in oversold territory with positive divergence suggesting pullback from lower levels.
163
Trading
MCX Views Sell
Daily View MACD (-31.9730)
20
10
0
-10
-20
-30
-40
-50
Multi Commodity Exchange of (I) (690.000, 701.550, 665.000, 672.200, -24.4500) 1200
1150
1100
1050
1000
950
900
850
800
750
700
650
August September October November December 2018 February March April May June July August September
View 50
-50
1300
1200
1100
1000
900
800
700
600
500
400
Closed below short term trend-line indicating further downfall. Near term support
stands around 660 levels. Below 660, MCX may gain strong momentum on downside.
164
Trading
Adani Enterprises Views AVOID
20
Daily MACD (-13.5884)
15
10
View 5
0
-5
-10
-15
Relative Strength Index (31.0978)
80
70
60
50
40
30
19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22
March April May June July August September October
Trading below its major moving average of 200 DMA i.e. around 164 marks. May find
support around 103-105 zone.
250
200
150
100
50
Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Big bear candle due to demerger of stock. Technically, it may find strong support at 105
levels.
165
Telecom
Bharti Airtel Views Sell
Daily MACD (-15.0762) 30
20
View 10
0
-10
-20
Relative Strength Index (18.8348)
80
70
60
50
40
30
20
*Bharti Airtel (308.500, 315.900, 291.900, 298.600, -11.5500)
550
500
450
400
350
300
August September October November December 2018 February March April May June July August September October
Strong support at 280. Below 280 price is likely to come down till 260 i.e. Target of
consolidation phase.
View 20
10
0
-10
-20
Relative Strength Index (28.0815) 80
70
60
50
40
30
550
500
450
400
350
300
250
Multiple support at 280 levels. Till it holds above 280 marks, bounce back from current
levels cannot be ruled out.
166
Telecom
Tata Communications Views AVOID
Daily MACD (-15.5635)
30
View 20
10
0
-10
-20
Relative Strength Index (24.8159) 80
70
60
50
40
30
20
Tata Comm (482.000, 482.650, 466.550, 473.100, -7.19998) 800
750
700
650
600
550
500
450
400
350
300
A M J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O
Next Support comes around 450 levels. Momentum indicators are trading in extreme
oversold zone. Pullback from lower levels cannot be ruled out.
View
0
On weekly chart, Price trading around previous breakout zone which may work as
immediate support zone. Support at 450 levels.
167
Realty
DLF Views SELL
Daily
View MACD (-12.2509)
10
5
0
-5
-10
April May June July Augus t September November 2018 February April May June July August September
Stock has multiple supports around 142-146 levels. DLF is likely to halt its down-move
around 145 marks.
250
200
150
100
On weekly time frame, DLF may find support at 145 marks. Breakdown below 145,
prices may come down till 100 marks.
168
Realty
NBCC Views Sell on Rise
Daily
View
Bearish candle below support levels is indicating weakness till 50 zone i.e. psychological
marks. Small candles signifying lack of momentum on downside. May witness a pullback
from lower levels.
Weekly
View
169
Bank - Private
DCB Bank Views NEUTRAL
Daily MACD (-5.68227)
5
View
0
-5
200
190
180
170
160
150
140
130
120
110
April May June July August September November 2018 February April May June July August September
Has given breakdown. Any rise around 158-160 levels is good levels to short DCB Bank.
Price has given breakdown from Descending triangle suggesting a reversal. Support
stands 138 marks.
170
Bank - Private
HDFC Bank Views BUY on dips
Daily MACD (-22.3214)
30
20
View 10
0
-10
-20
-30
November December 2018 February March April May June July August September October
Stock is trading around up-ward sloping trend line. Till it holds above 1910, value buying
at lower levels cannot be ruled out.
View
50
0
Relative Strength Index (42.3261)
80
70
60
50
40
*HDFC Bank (2,009.80, 2,052.20, 1,940.15, 1,965.30, -40.7500) 2300
2200
2100
2000
1900
1800
1700
1600
1500
1400
1300
1200
1100
1000
900
800
Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec
On weekly time frame, Stock is trading around its support of 1900 levels i.e. upward
sloping trend line. If it sustains above this, bounce-back from lower levels cannot be
ruled out.
171
Bank - Private
IDFC Bank Views AVOID
Daily MACD (-2.09062)
2
View 1
0
-1
-2
Relative Strength Index (26.1914)
80
70
60
50
40
30
20
65
60
55
50
45
40
35
November December 2018 February March April May June July August September October
Taken support near previous pivot low signifying loss of momentum on downside.
Breakdown below 35 may add momentum on downside.
80
75
70
65
60
55
50
45
40
35
2015 2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Inverted Hammer around support levels indicating a pause in downtrend. Below 35
stock may fall further lower.
172
ank - Private
IndusInd Bank Views BUY on dips
Daily MACD (-74.6236)
View 0
-50
2000
1950
1900
1850
1800
1750
1700
1650
1600
1550
18 26 1 8 15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 3 10 24 1 8 15 22
December 2018 February March April May June July August September October
Price rebounded from multiple support zones of 1560-1580 levels. One can start
accumulating Indusind Bank around current levels with Stop-loss of 1550 on closing basis
for higher levels of 1675.
Weekly MACD (-19.5290)
View 50
On weekly time frame, Inflection a point stands around 1570-1600 zones which is a good
levels to accumulate the stock.
173
Bank - Private
Kotak Mahindra Bank Views Buy on Dips
Daily MACD (-46.0130)
View 0
1350
1300
1250
1200
1150
1100
1050
1000
950
18 26 1 8 15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 3 10 24 1 8 15 22
2018 February March April May June July August September October
Pin Bar around 990 zones is suggesting possible reversal of short term trend. Any dip
towards 1000-1020 levels is a good accumulation zone with strict stop-loss of 960 on
closing basis for Target of 1180.
Weekly MACD (-6.33433)
View
50
On weekly chart, price is trading below 61.8% Retracement of Fibonacci Fan. Next
Support comes around 1005 levels.
174
Bank - Private
Karnataka Bank Views Sell on Rise
Daily
View MACD (-5.06913)
-5
October November December 2018 February March April May June July August September October
Breakdown from consolidation phase and is likely to fall further from here till 81-84
zones.
View 5
-5
-10
Relative Strength Index (28.6812)
70
60
50
40
30
170
160
150
140
130
120
110
100
90
80
Trading below all its major moving averages on weekly time frame indicating sell-off to
continue in near term. Support is seen around 81 marks.
175
Bank - Private
Yes Bank Views Cautious
Daily MACD (-38.4314)
10
View 0
-10
-20
-30
-40
Relative Strength Index (26.9329)
80
70
60
50
40
30
20
350
300
250
200
150
100
Aug Sep Oct Nov Dec 2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep
Uncertainties in management are dragging the stock lower. One should avoid trading in
this stock till further clarification. Supports are 175 & 120
Weekly MACD (-22.6933)
20
View 10
0
-10
-20
350
300
250
200
150
100
50
Uncertainties in management are dragging the stock lower. One should avoid trading in
this stock till further clarification. Supports are 175 & 120
176
Bank - Private
RBL BANK LIMITED Views Buy in Dips
Daily MACD (-22.2611)
15
10
View 5
0
-5
-10
-15
-20
600
550
500
450
November December 2018 February March April May June July August September October
600
550
500
450
400
350
300
250
2016 Oct Nov Dec 2017 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Inverted Hammer at support zone suggesting a possible trend reversal. Till it holds above
480 zone may witness a pullback.
177
Bank - Private
AXIS BANK Views BUY
Daily
View
Hovering around previous breakout level and if it manages to cross 590 then bull trend
likely to resume. Support stands at 555 level and resistance at 607.
Weekly
View
Likely to trade sideways and if it manages to cross 617 then strong bull trend likely to
resume. Support stands at 519 levels and resistance at 617.
178
Bank - Private
ICICI BANK Views NEUTRAL
Daily
View
Sideways movement likely to witness and any attempt to move above 319 can take the
price higher. Support stands at 294 level and resistance at 319.
Weekly
View
Above 317 pullback can be witnessed. Support stands at 294 levels and resistance at 346.
179
Bank - Private
FEDERAL BANK Views SELL
Daily
View
Breakdown from bear flag indicates some correction and it may test 63 mark. Resistance
stands at 74.
Weekly
View
Bear trend likely to persist and pullback rally should be utilised to go short around 73.
Support stands at 63 mark.
180