NIFTY RANGE: A very narrow
range bar observed on last trading day. It failed to reach even 50% of the last
bar candle. Close near the EMA 6045 support area. Now below 6040 a fresh
weakness and sell off may be observed.
At present it is in buy
zone from last 3 days and with SL of 6014. While on intraday basis it is in
SELL mode with SL of 6080. So there is a tug of war between BULL’s and BEAR’S.
Fresh short below 6040 more aggressive short below 6005. However, above
6120 just cover short no long.
For intra day: Buy Above 6075 SL 6046 TGT 6089, 6103 AND 6118 :
Sell Below 6040 SL 6075, 6033, 6018, 6004.
Observation: In the 30 min chart not attached now 6120 is becoming more and stronger
resistance lvl while 6000 is a support lvl.
NIFTY UNLESS IT CLOSE AND TRADE
BELOW 6000 DO NOT GO SHORT.
Time and Price Turing is not yet
activated.
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BANK NIFTY: 12771: SELL WITH SL OF 12850: MORE WEAK BELOW
12700 and will be in bearish mode below 12560. .
·
Topped at 12975
AND It is progressing in sideway to down. OUR SUPPORT AREA OF 12575 IS NOW
IMP.
·
There is a mix trend between daily and hourly chart.
Avoid fresh long and
just maintan earliear long with SL of 12700 for intraday and 12560 for
position. CLOSE BELOW 12575 WILL BE FRESH WEAK SIGNAL
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RECOMMENDATION:
SINCE WE ARE NEAR
TO EXPIRY TRADE FOLLOWING STOCK FOR BUY OR SELL AND ONCE SL IS TRIGGERED
REVERSE YOUR TRADE. ALL SL ARE BASED ON CLOSING LVL.
BUY SIDE: ALL PRICES SL AND TGT ARE FOR FBE CONTRACT. DUE TO EXPIRY TODAY
THERE MAY BE CHANCES OF SL TRIGGER.
CAIRN: RS
328.50. BUY WITH SL OF 323. INITIATE MORE LONG ABOVE 330. 332. 336 AND 338.
DISHTV: RS
72.70. BUY WITH SL OF 71 FEB FUTURE. ADD MORE ABOVE 73.50. TGT 75.
GODREJIND: RS
306.50. BUY WITH STRICT SL OF 303. TGT 310, 316.
HUL: RS 481.60
BUY
WITH SL OF 475 TGT 485 OR ABOVE.
IOC: RS
318.50. BUY WITH SL OF 315. REVERSE TRADE BELOW 311. TGT RS 322 AND 330.
JISLJAL:
72.55. BUY WITH SL OF 71.25. TGT 75.20 AND 77.
LUPIN: RS 605.
BUY
WITH SL OF 594 FOR POSITION TRADING AND SL OF 600 FOR INTRADAY. TGT RS 608 FOR
SHORT TERM AND RS 618 OR ABOVE FOR POSITION.
M&M: RS
903. CORRECTION FROM 923 TO 891 SEEMS TO BE OVER. BUY WITH SL OF 891. TGT 906,
912 AND 920. BELOW 891 EXPECT 885 AND 879.
MCLEOD RUSL:
RS 3581.5. BUY WITH SL OF 352 TGT 361, 366 AND 373. BELOW 352 REVERSE TRADE AND
EXPECT 349, 343.
SUZLON: RS
21.55. STAY LONG TILL IT IS ABOVE 21. CLOSE BELOW 21 WILL BE AND EXIT CALL.
TCS: UNDER
WATCH: RS 1352. FROM LAST 3 DAYS RANGE IS VERY VERY NARROW AND
INDICATES SOME STRONG MOVE IN EITHER DIRECTION. BUY ABOVE 1355 SL WILL BE 1245
TGT 1367, 1372. SELL BELOW RS 1346 SL 1355 TGT 1333 AND 1325.
SELL
SIDE:
ICICI BANK: RS 1217
OR HIGHER. SELL SL 1230 TGT 1205 AND 1188.
IGL: RS 261.60. INITIATE
SHORT BELOW RS 259. SL RS 263 TGT 255 AND 253.
PTC: RS 78.20. SHORT
TERM TURNED WEAK. SELL WITH SL OF 81. TGT RS 76 AND 75.20.
SBI: RS 2452: SELL ON RALLY
WITH SL OF 2500. SELLING CAN ME MADE NEAR RS 2466, 2480. OR FRESH SHORT BELOW
2440 TGT WOULD BE RS 2418 AND 2367.
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