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BSE Sensex – 18774.23
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level
(Closing Basis)
19550 19300 17750
Overall trend is down on daily and weekly basis as on weekly chart it has gone below 18700 levels.
We may see levels of around 18520 now and if sustain below it than 18100.
Overall trend is down and weekly trend is also down. We are expecting levels of 18520 in coming
days. On the higher side, we are expecting it to face resistance around 19000 levels. Once sustain
below 18500, we will see 18100 levels.
S&P 500(USA) – 1592.43
Overall trend is down. We mentioned that trend will turn positive only above 1656. Our buy call stop
triggered at 1636. It has support around 1600-1610 zones and below it, we may see levels of 1577 -
1571 initially. We are expecting index to take support around these levels. If sustaining below these
levels on closing basis, than the more down side can be seen till the levels of 1550-1520 in coming
weeks.
Overall trend is down. It has touched the mentioned level of 1577. Any sustained close below this
level will take the index to 1540-1545 zones. If sustain above 1577 than expect some bounce till
1610-1615.
AXIS BANK – 1259.70
Overall trend is down. It has broken the support of 1260 and went to around 1232 levels. We may
see levels of around 1200 in the stock.
Overall trend is down. It is trading near to resistance level of 1260. Also if sustain above 1270, than
look for short term buying. Long term investors may look for entry around 1200 levels.
ICICI BANK – 1044.85
Overall trend is down. We are expecting levels of 1024-1005 in the stock. Long term investors may
look this range to buy 60% quantity this time.
Overall trend is down. It has touched the level of 1026. Very important support zone for the stock is
1024-1005. As we already mentioned, long term investors may look entry around that level with 60%
of the total quantity. On the higher side, if sustain above 1066, we may see some upside till 1080. It
is better to trade with small quantity keeping stop at 1040.
RELIANCE INDUSTRIES – 792.85
Overall trend will turn down below 792. Our trailed stop triggered at 820. Again we may see levels of
780 – 768 if falls below 792.
Overall trend is down. It has touched the level of 783. Some upside till 805 is possible.
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TATA MOTORS – 287.05
Overall trend is down. Again it is coming near to the support area of 280-282. Any weekly close
below this level will take it to 260-264 levels.
Overall trend is down. Look for going short if it comes near to 295 levels keeping stop at 302.
TATA STEEL – 272.05
Overall trend is down. Below 270, we may see levels of 265-258.
Overall trend is down. It has attained the level of 265 as mentioned. Now again below 265, it will go
to 258 levels. On the higher side, above 282, we may see some upside, till that the trend will remain
weak.
SBI – 1989.10
Overall trend is down. It will find support around 1965 levels.
Overall trend is down. It has taken the support at the mentioned level of 1965. Above 2012, some
upside till 2038 is possible. Buy only if sustain above 2040.
USDINR – SPOT – 59.26
Overall trend is positive. We advised to book profit during live market for remaining positions
around 59.87 levels. 60.07 looks to be very important resistance and we are not expecting it to cross
this level on closing basis, before giving some retracement to some lower levels that we will discuss
later.
Overall trend is positive. We are expecting levels of around 58.65-58.70 in coming days. On the
higher side, it will turn positive only above 59.80.
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Stocks with Positive Breakout
Stock Name Buying Range
ABB 618
SCI 39.60
Maruti 1563
OFSS 2760
Stocks with Negative Breakout
Stock Name Selling Range
Orchid Chem. 48.50
Sun Pharma 940
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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