The document provides a daily market summary and recommendations for futures trading. It notes that the Nifty ended flat on Wednesday and highlights recent recommendation calls that met their targets. It recommends selling Voltas futures below 110.45 for targets of 108/105, buying Allahabad Bank futures above 250 for targets of 265/285, and selling Allahabad Bank futures below 161.30 for targets of 160/158. A disclaimer is also provided regarding the nature of the recommendations.
2. HIGHLIGHTS
A
Highlights
Nifty ended flat on Wednesday.
Nifty Future ended 0.15 points down at 5928.25
Voltas sell call we recommended made a low of 106.20
near to our final target 105
Investors’ may book profit or can also hold the position
for revised target of 102
Investors’ are advised to exit from DLF buy call and take
position in the fresh call provided below.
Sell Allahabad bank futures below 161.30 for targets
160/158
Past Performance:
Voltas hit both targets
Adani Enterprise hit target.
Auro Pharma sell call hit both targets on the same day of
execution.
Lupin almost hit 2nd target.
Bata India hit both targets
Havells sell call hit both targets.
R Power hit target same day of execution
3. VOLTAS FUTURES – DOUBLE TOP
SELL BELOW 110.45 FOR TARGETS 108/105 SL 113.50
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
Voltas sell call made a low of 106.20 near to our final
target 105
Voltas is making double top on hourly chart and we had
recommended to sell below 110.45
Currently trading at 107
Risk averse investors’ can book profit and exit, however
this position can be hold for target of 102
4. ALLAHABAD BANK FUTURES- HEAD AND SHOULDER
SELL BELOW 161.30 FOR TARGETS 160/158 SL 163.50
Sell Allahabad bank futures below 161.30
Allahabad bank is on the verge of making Head and
shoulder on hourly chart
Currently trading at 162.30
Break out will come below 158 but one may sell below
161.30 for targets of 160/158
SL is recommended at 163.50
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