23RD April 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded higher and ended in green on Monday. Nifty Future ended 51.30 points up at 5834.40 Dabur India future sell call hits 1st tg 142.50, low of 140.85 and Bajaj Auto future remained unexecuted. Buy ALLAHBAD BANKabove 141 for targets 143/145 sl 138 Buy KOTAK MAHINDRA above 677 for targets 683/689 with sl 670.

Past Performance:

Hexaware hit 1st target. HCL tech hit both targets ApolloTyre hit both targets. Bajaj Auto future hits 1st tg 1805. Bharti airtel hit both targets SunPharma hit both tgts. Union bank hit both target. SUN PHARMA hit both tgt.

ALLAHBAD BANK CHANNEL

BUY ABOVE 141 FOR TARGETS 143/145 SL 138

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Buy Allahbad bank above 141. Allahbad bank has made channel on 15 min charts. Currently trading at 140.50. Investors are advised to buy above 141, break out has come. Targets are 143/145 and SL at 138 This is an intra day day call as the pattern is forming on 15 min chart

KOTAK MAHINDRA CHANNEL

BUY ABOVE 677 FOR TARGETS 683/689 SL 670

Buy KOTAK MAHINDRA above 677. KOTAK MAHINDRA is making Channel on 15 min chart. Currently trading at 676.50 Investors are advised to buy above 677 for targets 683/689, Breakout has come. Targets are 683/689 and SL is to be followed 670.

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