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NIFTY FUTURE
TOP GAINERS:
NTPC BY
4.18%
Call: LONG
LUPIN BY
3.05%
DLF BY
8650
2.07%
NMDC BY
8500
1.47%
ONGC BY
moderate risk
1.21%
Reason: CORRECTION
Short term Trend:
CORRECTION
Medium Term Trend:
UP
For the investor: LONG
IN DEEP
TOP LOSERS:
BANKBARODA BY
2.91%
Resistance- 9030.
IDFC BY
2.55%
INFY BY
2.50%
SUNPHARMA BY
2.41%
MARUTI BY
2.26%
Technical commentary
Today nifty ware open at 8757, on the previous close level, then nifty ware consolidate in the range of 87608730, after this nifty ware down to fear of rail budget to 8673.30, then recovers to 8734.50, close at
8680.45.Nifty index advances 10, declines 39, unchanged 1. NSE advances 337 declines 815, unchanged
33.so, and recommendation for nifty to short for 8500, 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 8650-8500.
So recommendation for nifty to long for 8850, 8900 sl 8750.
AXISBANK BY
Stock: BANKNIFTY
0.00%
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1):
18450
TOP LOSERS:
BANKINDIA BY
3.14%
Conviction Level:
BANKBARODA BY
moderate risk
2.91%
Reason: consolidate.
INDUSINDBANK BY
2.11%
CORRECTIVE
SBIN BY
CANBANK BY
DEEP.
1.69%
Technical commentary
Today Bank nifty ware open at 18705.15. Then bank nifty ware consolidate in the range of 18730-18630,
then bank nifty took low of 18520, recovers to 18695, close at 18503. In Bank Nifty index unchanged 1
decline 11. So, short bank nifty for 18400, in short-term.
There is RSI cross over on simple moving average-11(31.15) MACD line ware down from 0 levels (46.90).
Basis on indicators and pattern it should move in the range of 18500-18000.
So recommendation for Bank nifty to short for 18400 sl .18800.
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product/s that suits them the most.