23/02/2015

NIFTY FUTURE
TOP GAINERS:
BHEL BY

Date and Time 23-02-15

5.42%

Call: LONG

BANKBARODA BY

CMP: 8826 (SPOT)

Initiation Level: 8900

2.86%

Book Profit (Level 1):

ITC BY

8980

2.21%

Book Profit (Level 2):

INDUSINDBANK BY

9100

1.71%

Stop Loss: 8800

Conviction Level;

ZEEL BY

moderate risk

1.44%

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

TOP LOSERS:
RELIANCE BY

For Aggressive Traders:

SELL ON RISE
Support: 8700-8600

3.24%

Resistance- 9030.
ICICIBANK BY
2.39%

Duration: 1-2 Days

HCLTECH BY
2.35%
TATAPOWER BY
2.27%
BHARTIARTEL BY
1.98%

Technical commentary
Today nifty ware opens at 8882.60, below the previous close level, and then immediate took low of
8816.50, after this recovered by 75 points to 8890.10 and crashed in closing session to previous low level,
close at 8826.55. Nifty index advances 15, declines 35. NSE advances 600 declines 614, unchanged 28.so,
and recommendation for nifty to long for 9100, in short-term.
Indicators MADC and RSI are break out (RSI on Moving avg.) in daily charts.
Basis on indicators and pattern it should long for 8950-9100.
So recommendation for nifty to long for 8850, 8900 sl 8750.

BNAK NIFTY FUTURE

TOP GAINERS:
BANKBARODA BY

Date and Time 23-02-15

2.86%

Stock: BANKNIFTY

BANKINIDA BY

Call: long
Initiation Level: 19500

2.14%

Book Profit (Level 1):

YESBANK BY

19600

2.05%

Book Profit (Level 2):

FEDERALBANK BY

19900
Stop Loss: 19200.

1.90%

Conviction Level:

CANBANK BY

moderate risk

1.74%

Reason: consolidate.
Short term Trend:
CORRECTIVE
Medium Term Trend: UP
For the Investor: LONG IN
DEEP.
For Aggressive Traders:
SELL ON RISE.

TOP LOSERS:

Support: 19000-18500

ICICIBANK BY

Duration: 1-2 Days

2.39%
KOTAKBANK BY
1.17%
HDFCBANK BY
0.83%
AXISBANK BY
0.80%

Technical commentary
Today Bank nifty ware opens at 19249. Then bank nifty ware down to 18926, then bank nifty ware
recovered by 450 points to 19379.80, down in closing session, Close at 19100. In Bank Nifty index
advances 7 declines 5. So, recommendation for bank nifty to long for 19800, in short-term.

SBIN BY
There is RSI cross over on simple moving average-11(50.20) MACD line took support of 0 levels (13.45).
0.05%

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.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY TATAGLOBAL ABOVE 160 TGT 163 SL 158.

2) CV CASH CALL: BUY ANDHRABANK ABOVE 89 TGT 91 SL 87.
3) CV CASH CALL: BUY JAIN IRRIGATION ABOVE 70 TGT 72 SL 68.
4) CV CASH CALL: BUY APOLOHOSP ABOVE 1340 TGT 1380 SL 1300.
5) CV CASH CALL: BUY HINDALCO ABOVE 160 TGT 164.5 SL 157.
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