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BSE Sensex – 18875.95
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level
(Closing Basis)
19360 19300 17750
Overall trend is down. We are expecting index to close below 18500 levels now and will probably see
levels of 18100 in coming days. Only if sustain above 18800 positive momentum will be seen, else
downtrend will remain continue.
Overall trend is down. Not sustain below 18500 that we were actually expecting but also it cross
level of 18800 and touched high around 18925. We mentioned that above 18800 if sustain than
some bounce is possible. Now closing above 18925 is important level to watch. If close and sustain
above it than we may see levels of 19300 in coming days.
S&P 500(USA) – 1603.26
Overall trend is down. Those holding short positions initiated around 1590-1595 levels can hold with
stop at 1620.
Overall trend is down. We advised to short around 1590-1595 levels. Hold the position with stop at
1620.
AXIS BANK – 1275.05
Overall trend is down. We mentioned that only if sustain above 1266 than we will look for buying
and it turned from 1264 levels to close at 1248.40. Keep watch on 1266 levels. Alternatively if
sustain below 1238 than we may see lower levels as attained earlier of around 1210-1200.
Overall trend is down. Now if sustain above 1290, we may see rally in the stock till levels of 1330 in
coming days. We advised to buy if sustain above 1266 and made a high around 1285. Hold that
position with stop at 1260 and look for higher levels around 1310-1330 to book full profit.
ICICI BANK – 1030.55
Overall trend is down. Now the stock is trading near to upper band of support. It has support in the
range of 1005-1024. If sustain above 1050, go long in the stock.
Overall trend is down. The stock is trading in very narrow range and it looks like selling momentum is
decreasing. Look for buying only if sustain above 1051.
RELIANCE INDUSTRIES – 830
Overall trend is down. If sustain above 819 than go long, alternatively if comes near to 790 levels
than also buy for short term gain with stop at 777.
Overall trend is down. Trend will turn positive if trades above 838. We advised to buy if sustain
above 819 and it made a high around 836.95. Those who have not booked profit can keep stop at
821 and look for part booking profit around current levels and 845 to book full profits.
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TATA MOTORS – 270.30
Overall trend is down. The stock is now trading near to very important medium term support at 270-
272 levels. Any weekly close below this level will take stock to lower levels of 255 initially. Look for
buying only if sustain above 282.
Overall trend is down. Weekly close below 270 will take stock to 255 initially. If sustain on weekly
basis than expect bounce till 281-284 levels. We advise buying only if sustain above 278.
TATA STEEL – 264.15
Overall trend is down. Those holding shorts can keep stop at 270 and look for lower levels of 258-
255 to book full profits.
Overall trend is down. Those holding short position can keep stop at 266.20 and look for lower levels
of 258-255 to book full profits.
SBI – 1912.50
Overall trend is down. Not getting any sign of bounce in the chart. If sustain above 1940, than buy
for bounce. Also keep watch on mentioned levels of 1825-1850 for long term entry in to the stock.
Overall trend is down. Those who want to take risk can buy around current levels with stop at 1890
and add to the longs if sustain above 1945. Others can buy if sustain above 1945.
USDINR – SPOT – 60.1950
Overall trend is Positive. We mentioned to buy if sustain above 59.88 and booked 50% profit at
60.55 levels. Now trail stop to 60.30 for the remaining positions and higher levels of around 60.90 is
to be used to book profits.
Overall trend is positive. Currently at 59.98, it has important support. If sustain below it than we may
see lower levels.
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Stocks with Positive Breakout
Stock Name Buying Range
Dr.Reddy 2183
Infy 2504
RIL 838
UBL 690
ZEEL 238
Stocks with Negative Breakout
Stock Name Selling Range
Voltas 78
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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