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NIFTY FUTURE
TOP GAINERS:
ITC BY
3.11%
Call: LONG
NMDC BY
CMP: 8807.65
Initiation Level: 8850
2.42%
BHARTIARTEL BY
8900
1.97%
TCS BY
9000
1.69%
HDFC BY
moderate risk
1.58%
Reason: CORRECTION
Short term Trend:
CORRECTION
Medium Term Trend:
UP
For the investor: LONG
IN DEEP
TOP LOSERS:
SUNPHARMA BY
2.83%
Resistance- 9030.
AXISNABNK BY
1.82%
INDUSINDBANK BY
1.79%
ICICIBANK BY
1.74%
HEROMOTOCO BY
1.71%
Technical commentary
Today nifty ware opens at 8829.20, and then nifty took high of 8869.95. After this nifty ware down to
8815.29.then nifty ware consolidate in the range of 8845-8815, in closing session nifty break upside level,
and crashed to 8794.10, close at 8807.65Nifty index advances 24, declines 16. NSE advances 628
declines 504, unchanged 35.so, and recommendation for nifty to long for 8900, in short-term.
Indicators MADC and RSI are break out (RSI on Moving avg.) in daily charts.
Basis on indicators and pattern it should short for 8800-9000.
So recommendation for nifty to long for 8850, 8900 sl 8750.
Stock: BANKNIFTY
Call: long
Initiation Level: 19250
AXISNABNK BY
1.82%
19400
INDUSINDBANK BY
1.79%
19800
Stop Loss: 19000.
ICICIBANK BY
Conviction Level:
1.74%
moderate risk
KOTAKBANK BY
1.70%
Reason: consolidate.
Short term Trend:
CORRECTIVE
Medium Term Trend: UP
For the Investor: LONG IN
DEEP.
For Aggressive Traders:
SELL ON RISE.
Support: 19000-18500
Duration: 1-2 Days
Technical commentary
Today Bank nifty ware opens at 19549.95. Then bank nifty ware down to 19326, after consolidation in the
range of 19300-19500, then bank nifty ware crashed to 19211, close at 19261.65. In Bank Nifty index all
12 stocks are declines. So, recommendation for bank nifty to long for 19800, in short-term.
There is RSI cross over on simple moving average-11(35.95) MACD line took support of 0 levels (-17).
Basis on indicators and pattern it should move in the range of 19500-20000.
So recommendation for Bank nifty to long for 19800 sl .19250.
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