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BSE Sensex – 19245.70
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
19600 19300 (Down below
18700)
17750
Overall trend is positive but daily trend is down. Market tried to go up further but not managed to
do so and finally close lower. Very near term support at 19030-19050 levels. If trades below 19170
than it may do till 19000-19050 levels as mentioned. On the higher side, if trades above 19400 than
it will touch 19500 – 19600 levels in coming days. We are advising to add long positions if it comes to
19050 levels for very short term traders keeping stop at 18940.
Overall trend is positive and daily trend is down. Look for buying only above 19410. On the lower
side, it will find support around 19050.
S&P 500(USA) – 1651.81
Overall trend is down. Buying is only advised if sustain above 1650. We also mentioned that it will
face resistance around 1642-1645 zone and just turned from the same level.
Overall trend is down but will turn positive above 1656. Those who have initiated longs above 1650
can keep stop at 1635.
AXIS BANK – 1285.05
Overall trend is down. Overall support around 1270 levels and likely to take support around the
1265-1270 levels. On sustenance above 1223, we may see good bounce in the stock.
Overall trend is down. We mentioned that it has support around 1265-1270 levels and just bounced
from 1267 levels to close around 1285. Look for buying if trades above 1290. Add to the longs if
sustain above 1310. On the lower side support around 1260.
ICICI BANK – 1086.70
Overall trend is down. Look for buying if sustain above 1104, and also on deep around 1065 levels. If
it sustain below 1085, we may see lower levels around 1065.
Overall trend is down. Buy if sustains above 1105. Add to the longs if sustain above 1115.
RELIANCE INDUSTRIES – 831.70
Overall trend has turned positive. Those who are holding long positions can keep stop at 811.
Overall trend is positive. Hold long with stop at 820 and look for the higher levels of 850 to book
profits.
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TATA MOTORS – 292.10
Overall trend is down. Our trailed stop loss triggered at 294, though we got chance yesterday to
book part profit around 298-300 levels. If it sustains above 300 on closing basis, than we may see
good bounce in the stock.
Overall trend is down. Look for buying above 300. On the lower side it has support around 288.
TATA STEEL – 291.10
Overall trend is down. We advised to buy if sustain above 280 and it made a high around 288 thus
getting around 3% returns in intraday trade itself. Those who are holding longs can keep stop at 277
and look for the higher levels of 292 to book full profits.
Overall trend is down. Our mentioned target of 292 attained so booked full profit.
SBI – 2045.80
Overall trend is down. Hold long positions with stop at 2030.
Overall trend is down. Trailing stop loss triggered for long positions. Look for buying if sustain above
2060.
USDINR – SPOT – 58.70
Overall trend is positive. Our short side position exited at opening as opened above 58.10. Also we
advised to buy if sustain above 58.10, so holding the positions with good gain if not booked. We also
updated status on the call on twitter and Google Plus that we are expecting levels of 58.55 – 58.80 –
58.90. It has attained target of 58.80 already. Now hold the positions with stop at 58.35. Also we are
advising to book 60% profit at this point if not booked.
Overall trend is positive. It has attained all of the mentioned targets so booked 60-70% positions.
Now hold remaining positions with stop at 58.62.
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Stocks with Positive Breakout
Stock Name Buying Range
Ambuja Cem. 186
Cadila HC 796
Stocks with Negative Breakout
Stock Name Selling Range
DR Reddy 2075
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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