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BSE Sensex – 19179.36
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP DOWN UP
Trend Change Level
(Closing Basis)
18900 19200 17670
Overall trend is positive. As we mentioned, above 19100 we may see the levels of 19300-19500.
Keep watch on these levels and do not initiate fresh longs here and keep stop at 18900 on closing
basis for long positions initiated earlier.
Overall trend is positive. We may see the levels of 19260-19500 but not advising any fresh buying
entry at this level. We may see stiff resistance around 19400-19500 levels.
S&P 500(USA) – 1578.78
Overall trend is down and once it crosses below 1540 than it will get momentum on down side.
Currently it has support around 1540-1525 range.
Overall trend is down but will turn positive above 1582. Stay away from taking fresh long positions
as we are expecting momentum to get slower in coming days and higher levels may face selling
pressure. It is trading in the range of 1560-1590.
AXIS BANK – 1444.80
Overall trend is positive. As we mentioned that above 1440 it can touch 1500 levels and made a high
around 1484. Keep stop at 1430 for long positions. Also it looks like if it sustains below 1430 than it
may touch levels of 1404-1410.
Overall trend is positive. We advised that below 1430 it may reach 1410-1404 and made a low
around 1413 and bounced from there. Long positions were stopped out below 1430. Intraday buy
above 1458 for targets of 1474-1485 with stop at 1435.
ICICI BANK – 1161.30
Overall trend is positive. Those holding long positions need to keep stop at 1117 and look for the
levels of 1160 to book part profit and hold remaining positions for the targets of 1200-1230.
Overall trend is positive. Hold remaining long positions with stop at 1131 and look for the levels of
1200-1230 to book full profits.
RELIANCE INDUSTRIES – 803.70
Overall trend is down. Hold the short positions with stop at 796.
Overall trend is down. Stop loss triggered for the long positions. Now above 806-807 we may see
upside till 815-816 levels but there again it will face resistance so avoid taking fresh long entry.
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TATA MOTORS – 281.50
Overall trend is positive. Hold longs with stop at 281 and look for the levels of 291-296 to book
profit.
Overall trend is positive. Stop loss triggered for long positions at 281. Now we may see some
movement in the range of 285-274 and will face selling pressure around 284 levels.
TATA STEEL – 309.10
Overall trend is down. Now it has broken the trading range on upper side. Now if it is able to sustain
above 310 than in coming days we may see the levels of 320-325.
Overall trend is down. It is getting some momentum now; still it needs some positive momentum.
Close above 310-311 will take it to 325-330.
SBI – 2287.50
Overall trend is positive. It has closed above 2300 and one more day of close above this level will
open the targets of 2500 for the stock in coming weeks.
Overall trend is positive. As we advised that it needs to give two consecutive closes above 2300
levels. If sustains below 2262 than we may see lower levels of 2220-2190. On the higher side it goes
to 2315-2320 than look for shorting with stop at 2332.
USDINR – SPOT – 54.3850
Overall trend is sideways. It is trading in the range of 53.90-54.30. Breakout on either side will decide
the short term trend.
Overall trend is sideways. It has broken the trading range on higher side and now we are expecting
the levels of 54.57-54.75 to attain. On the lower side support is at 54.15.
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Stocks with Positive Breakout
Stock Name Buying Range
Bajaj Auto 1818-1820
Grasim 2888-2892
HeroMoto 1582-1585
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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