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BSE Sensex – 19691.97
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19100 19100 17670
Overall trend is positive. It looks from the chart that positive momentum has started coming down
but still not any signal for the rising negativity in the market. Some indicators are suggesting that this
last up move is not healthy though it is looking strong.
Overall trend is positive. We mentioned just that positive momentum has started coming down and
also mentioned that market is not looking healthy. Now it has come down by around 450 points.
Now if it falls below 19630 than again it will come to 19400-19350 levels, where one can look for
initiating fresh long potions for long term portfolio as well for short term trading.
S&P 500(USA) – 1633.70
Overall trend is positive. Hold long positions with stop at 1605 on closing basis.
Overall trend is positive. Hold long positions with stop loss of 1608 on closing basis.
AXIS BANK – 1452
Overall trend is positive. Till it does not close above 1486, we are expecting it’s momentum to stay
weak for very short term. We are expecting the levels of 1405-1400 in coming days. It has already
attained our initial mentioned levels of 1450.
Overall trend is positive. We are expecting level of 1400-1410 in coming days. 1486 on closing basis
is resistance for the stock as of now.
ICICI BANK – 1148.80
Overall trend is positive. We are expecting levels of 1130 in coming days. Long positions advised only
on close above 1190.
Overall trend is positive. We are expecting levels of 1130 in coming days. Any close below 1145 and
sustenance below it will further trigger down momentum in the stock.
RELIANCE INDUSTRIES – 803
Overall trend is positive. Those who have initiated short positions below 812 needs to keep stop at
825. Those who have not initiated expecting to short below 800, can initiate if sustains below 800.
Overall trend is positive. Any close below 800 will turn trend down. We advised to go short below
812 with stop at 825 and it just returned from that level. Also those who initiated below 800 can
keep stop at 821 and hold positions with possible lower levels of 785-779.
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TATA MOTORS – 297.45
Overall trend is positive. Those who have initiated longs above 307 can look for the levels of 311-315
to book profit keeping stop at 302.
Overall trend is positive. It has intermediate support around 296 levels. If sustains below it on closing
basis than we may see levels of 280 in coming days.
TATA STEEL – 305.60
Overall trend is positive. Stay away for some time. Any close below 310 will again turn trend down.
Overall trend is positive but will turn down if crosses below 303.50 and will again touch levels of 292
again.
SBI – 2277.70
Overall trend is positive. 2240 looks good support for the stock. On higher side, if it crosses 2335
than initiate long positions.
Overall trend is positive. It has support around current levels of 2250-2300. If sustains below it than
it will go to 2100 levels in coming weeks but for that it needs to sustain below 2250 on closing basis.
Currently it has support around 2245 levels and intraday fall to that level may be used to go long.
USDINR – SPOT – 54.74
Overall trend is sideways to positive. It has attained our all the targets mentioned in the report. Now
it has again come near to the weekly resistance area of 54.90. Once it closes above 54.90, trend will
turn positive. It looks like from the charts that possibly this time it may cross this hurdle of 54.90.
Buying is advisable only on cross above 55.20. Those who are still holding long positions and have
not booked at the recommended levels need to keep stop at 54.55 for the remaining positions.
Overall trend is sideways to positive. Overall we may see upside again if it stays above 54.59. Look
for buying around 54.60 levels with stop at 54.50.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
HDFC 856
ITC 333
Jain Irrigation 65
LIC HF 242
LT 1508
TATA Steel 303
TECH Mah. 945
CAIRN India 293
Adani Ent. 214
Adani Power 46
JP Associate 73
Weekly Support & Resistance levels
Scrip Close S3 S2 S1
Trend
Down
Trend
Up
R1 R2 R3
SENSEX 20122.32 19330 19550 19681 19780 19920 20160 20286 20370 20510
Nifty Spot 6107.25 5860 5920 5969 5999 6043 6120 6185 6229 6300
Axis Bank 1472.45 1402 1418 1428 1445 1459 1488 1515 1540 1556
ICICI Bank 1167.95 1068 1083 1109 1134 1150 1176 1201 1216 1242
Reliance Ind. 814.10 768 781 789 802 809 824 835 848 856
TATA Motors 307.55 277 282 288 293 299 311 320 326 337
TATA Steel 318.70 299 304 307 312 315 322 326 332 335
SBI 2305.70 2128 2183 2237 2254 2292 2330 2360 2380 2415
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
YOU CAN ALSO VIEW THIS REPORT ON THE WEB-
