06/02/2015

NIFTY FUTURE
TOP GAINERS:
HCLTECH BY

Date and Time 06-02-15

3.88%

Call: SHORT

BPCL BY

CMP: 8711.50
Initiation Level: 8750

3.49%

Book Profit (Level 1):

WIPRO BY

8700

3.20%

Book Profit (Level 2):

INFY BY

8500

2.01%

Stop Loss: 9900

Conviction Level;

AXISBANK BY

moderate risk

1.68%

Reason: CORRECTION
Short term Trend:
CORRECTION
Medium Term Trend:
UP
For the investor: LONG
IN DEEP

TOP LOSERS:
TATAPWR BY

For Aggressive Traders:

SELL ON RISE
Support: 8600-8350

8.21%

Resistance- 9030.
JINDALSTEL BY
5.40%

Duration: 1-2 Days

PNB BY
4.69%
BANK BARODA BY
4.57%
SSLT BY
3.97%

Technical commentary
Today nifty ware opens at 8708, and then nifty took immediate high of 8767, after this it has consolidate in
the range of 8770-8740, then nifty made high of 8838.10. In closing session nifty show profit booking to
take day low of 8684, close at 8698.70. Nifty index advances 17, declines 33. NSE advances 436 declines
1053, unchanged 56.so, recommendation for nifty to short for 8600, in short-term.
Indicators MADC and RSI are slept from over bought zone in daily charts.
Basis on indicators and pattern it should short for 8600-8400.
So recommendation for nifty to short for 8800, 8700 sl 9050.

BNAK NIFTY FUTURE

TOP GAINERS:
AXISBANK BY

Date and Time 06-02-15

2.99%

Stock: BANKNIFTY

YESBANK BY

Call: SHORT
Initiation Level: 19200

0.28%

Book Profit (Level 1):

HDFCBANK BY

19000

0.28%

Book Profit (Level 2):

18800
Stop Loss: 19600.
Conviction Level:
moderate risk
Reason: consolidate.

TOP LOSERS:

Short term Trend:

CANBANK BY

CORRECTIVE

5.69%

Medium Term Trend: UP

PNB BY

For the Investor: LONG IN

4.69%

DEEP.

BANKBARODA BY

For Aggressive Traders:

4.57%

SELL ON RISE.

BANKINDIA BY

Support: 19000-18500

3.52%

Duration: 1-2 Days

ICICIBANK BY
2.76%

Technical commentary
Today Bank nifty ware opens at 19343, then bank nifty took high of 19394, after consolidate in the range of
19400-19250.breacking this level bank nifty made high of 19552. In closing session it has crashed to
19061, close at19148. In Bank Nifty index advances 3, declines 9.So, recommendation for bank nifty to
short for 18800, in short-term.
There is RSI cross over on simple moving average-11(67) MACD-231.7, 45.62, is over bought zone.
Basis on indicators and pattern it should move in the range of 19000-18500.
So recommendation for Bank nifty to short for 18800 sl .19800.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY JUBLFOOD ABOVE 1440 TGT 1500 SL 1420.

2) CV CASH CALL: BUY BPCL ABOVE 448 TGT 454 SL 442.
3) CV CASH CALL: BUY RAYMONDS ABOVE 530 TGT 545 SL 520.
4) CV CASH CALL: BUY WIPRO ABOVE 640 TGT 655 SL 625.

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Sincere efforts have been made to present the right investment perspective. The information
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