12/11/2014

NIFTY FUTURE
TOP GAINERS:
PNB BY 3.60%

Date and Time 11-11-14

BANKBARODA BY

Call: LONG
CMP: 8362.65
Initiation Level: 8420
Book Profit (Level 1):
8450
Book Profit (Level 2):
8480
Stop Loss: 8330
Conviction Leve;
moderate risk
Reasoning
CONSOLIDATE ON

3.14%
IDFC BY 2.68%
M&M BY 2.61%
ULTACEM BY 2.24%

TOP LOSERS:
BHEL BY 2.01%
ITC BY 1.87%
NMDC BY 1.73%
BHARATIARTL BY 1.69
CAIRN BY 1.35%

LEVEL
Short term Trend: UP
Medium Term Trend:
CONSOLIDATION
For the Traders: Buy
For Aggressive Traders:
BUY
Support: 8365-8180
Resistance-8550
Duration:4-5 Days

Technical commentary
Today nifty open up by 20 pts then move to 16 pts, continue falling 8344.and at 8362.65.
From five days nifty consolidate the range between 8420 -8320, so basis on indicators nifty can show
another high in next days. So nifty long above 8420 tgt 8450 support level 8330.
MACD and RSI are over bought zone, and trend reversal pattern show to take immediate high then sell on
rise.

BNAK NIFTY FUTURE

TOP GAINERS:
PNB BY 3.60%

Date and Time 10-11-14

BANKBARODA BY

Stock: BANKNIFTY
Call: BUY
CMP: 17262.4
Initiation Level: 17545
Book Profit (Level 1):

3.14%
CANBANK BY .31%
BANKINDIA BY 2.44%
AXISBANK BY 1.67%

TOP LOSERS:
INDUSIND BY .21%

17595
Book Profit (Level 2):
17650
Stop Loss: 17300
Conviction Level:
MODERATE RISK
Reasoning : over the slop
and consolidate.
Short term Trend: up
Medium Term Trend:
caonsolidation
For the Traders: Buy
For Aggressive Traders:
Buy
Support: 17000-16790

Duration: 4-5 Days

Technical commentary
Bank nifty open at level test previous high and slag down and close above the previous day high. so bank
nifty will be long from 17550 for 17650. Indicator RSI and MACD show buying.
In intraday moving average crossover 55-21 so it can be support 55 averages.
In banking index all bank are positive except INDUSIND BANK so next day we can see new level for bank
nifty.

DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.

*Investment is subject to market risks.

Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.