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TOP GAINERS:
NIFTY FUTURE
ASIANPAINTS BY
4.36%
SSLT BY
Call: SHORT
CMP: 8245.70
Initiation Level: 8300
Book Profit (Level 1):
4.14%
JINDALSTELBY
4.12%
8200
HINDALCO BY
3.22%
TATAMOTORS BY
2.13%
8100
Stop Loss: 8250
Conviction Level;
moderate risk
Reason: CORRECTION
TOP LOSERS:
PNB BY
1.33%
CAIRN BY
1.10%
BHARTIARTL BY
0.95%
KOTAKBANK BY
0.64%
DLF BY
0.59%
Technical commentary
Today nifty ware opens gap up at 8224.75, and took high of 8278.80. After consolidation nifty in the range
of 8278-8250 nifty ware down to 8241, and consolidate, close at 8245. Nifty index advances 36, declines
14.
Indicators MADC and RSI are down form over bought zone so nifty should short on rise to 8100.
Basis on indicators and pattern it should correct till range 8000-7800.
So recommendation for nifty to sell on rise to 8300, 8100 sl 8450.
TOP GAINERS:
FEDRALBANK BY
1.01%
YESBANK BY
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1):
18200
0.12%
INDUSINDBANK BY
0.01%
TOP LOSERS:
PNB BY
1.33%
CANBAK BY
1.28%
BANKINDIA BY
0.85%
KOTAKBANK BY
0.64%
SELL
ICICIBANK BY
Support: 17750-17000
0.44%
Technical commentary
Today Bank nifty ware opens at 18788.85 then took a high of 1818825.65.then continual down to
18668.60, close at18673.in banking index PNB top lose by 1.33%, Bank nifty advances 3 declines 9.so
recommendation for bank nifty to short from 18500 to 18000.
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 17500.
Basis on indicators and pattern it should correct till range 17500-17000.
So recommendation for Bank nifty to SELL on rise to 18500-18000 sl .18800.
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