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BSE Sensex – 19804.76
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19400 19300 17750
Overall trend is positive. It has found support around 20000 levels as mentioned. Not trading near to
very important support and any sustained move below this level will turn very short term trend
down. If sustain than we may see some bounce in the index till 20350.
Overall trend is positive, but very short term trend may turn weak if trades below 19700. Below
19700, we may see level of 19400.
S&P 500(USA) – 1685.94
Overall trend is positive. We may see some lower levels in the index or sideways trading but will not
initiate any fresh trade as of now.
Overall trend is positive. Once it closes below 1685, we may see lower levels in the index, so stay on
sidelines till the trend gets clear.
AXIS BANK – 1127.25
Overall trend is down. Stop loss for long position triggered. We are not expecting this scrip to close
below 1180 in this month and expecting it to bounce above 1180 before this month end.
Overall trend is down. We may see good movement in the scrip in coming days. We are not
expecting it to close below 1180 in this month and also not expecting it to fall below 1100 levels.
Those who want to buy for short term can look for it around current levels.
ICICI BANK – 934.85
Overall trend is down. It has given good profit in short position we were holding. We advised to book
profit now, if not booked. Those who want to hold positions need to keep stop at 970.
Overall trend is down. It has made a low around 927 and we are expecting levels of around 910 in
coming days. Hold remaining positions with stop at 960.
RELIANCE INDUSTRIES – 890.75
Overall trend is positive. Hold short positions with stop at 930.
Overall trend is positive. It has made a low around 885 and we initiated short positions around 898
so got good profit margin. Now anyone holding the positions needs to keep stop at 920.
TATA MOTORS – 299.90
Overall trend is positive. Buy if trades above 302. Go short if trades below 293.
Overall trend is positive. Hold long positions with stop at 293.
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TATA STEEL – 222.85
Overall trend is down. No trade advised.
Overall trend is down. Long term investors need to buy around 210-220 zone as we have already
mentioned. No sign of recovery for this scrip so not advising any positions on long side.
SBI – 1798.15
Overall trend is down. Stop loss triggered for long positions in sbi.
Overall trend is down. Go short if sustain below 1790.
USDINR – SPOT – 59.10
Overall trend is positive. Stop loss triggered for long positions.
Overall trend is positive. If sustain above 59.50 than look for buying. We are advising it to retest
levels around 59.40-59.55. If not sustain around 59.50 and then falls below 59.30, go short.
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Stocks with Positive Breakout
Stock Name Buying Range
Rallis India 159
JSW Energy 45.10
Stocks with Negative Breakout
Stock Name Selling Range
ITC 354
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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