More Related Content More from IndiaNotes.com (20) Market overview: Remain cautious, upside momentum not convincing1. 136, Raghuleela Mall, 2nd Floor, Poisor, Kandivali (W), Mumbai – 400067, Mobile: 91-9930011789 136, Raghuleela Mall, 2nd Floor, Poisor, Kandivali (W), Mumbai – 400067, Mobile: 91-9930011789 Copyright ©www.shareinfoline.com. All Rights Reserved
Technical Views Date: 07 Nov 2014 Overview: Indices Nifty and Bank Nifty still shows positive signals and strength to move up further. However as per our earlier view, we remain to be cautious as the upside momentum is not convincing for us and any buy trades seems to be risky. We do not indicate that thereby we should not buy. We surely remain cautious but we have our selected buy calls as well as some sell trades based on technical data. Certain Stocks shows confirm signals and accordingly stock specific positions can be taken. In our earlier report, we gave our positive stance on Tata Chem, Tata Motors, Tata Communications, Petronet, Hexaware. We continue to have our positive stance on the scrip and positions can be initiated for trading purpose. Stocks Positve
1. Adani
2. Dabur
3. Hero Moto Corp
4. HPCL
5. Lupin
6. SBI Bank
7. BON
8. HDFC Bank
9. PTC
10. Lupin
Stocks Negative
1. Biocon
2. Bharat Forge
Stocks to Avoid:
1. Infosys
2. CESC
3. Century Tex
4. DLF
5. JP Associates
6. JP Power
7. IRB
Due for Correction
1. Pharma Sector
2. Auto Sector
3. Ashok Leyland
4. Apollo Tyre
5. BPCL 2. 136, Raghuleela Mall, 2nd Floor, Poisor, Kandivali (W), Mumbai – 400067, Mobile: 91-9930011789 136, Raghuleela Mall, 2nd Floor, Poisor, Kandivali (W), Mumbai – 400067, Mobile: 91-9930011789 Copyright ©www.shareinfoline.com. All Rights Reserved
Delivery Buy
1. Crompton
2. IGL
All the above calls would be profitable only if the calls are initiated in timely manner. We at shareinfoline give you timely calls and accurate levels to initiate trade along with targets and stop loss. Explanations: Scrip Positive: It means that the scrip is in positive zone as per daily charts. It does not mean that it will necessarily go up today. It may instead go down and show bearish signals in intra-day (which may be a trap). So the idea is that you should not short sell this scrip, instead, you may look to buy in dip. Look for the right opportunity to buy. Don’t be impulsive in initiating call. Scrip Negative: It means that the scrip is in negative zone as per daily charts. It does not mean that it will necessarily go down today. It may instead go up and show bullish signals in intra-day (which may be a trap). So the idea is that you should not buy this scrip, instead, you may look to sell at rise. Look for the right opportunity to sell. Don’t be impulsive in initiating call. Due for Correction: This means that the scrip may fall down. This does not mean that it’s a sell at current levels. This means that the scrip has rallied up considerably and may fall anytime. We will look for sell signal which may come during the day or may be in some days. It may also happen that scrip rallies further up before getting corrected (falling down). We will wait for those sell signal at current levels or at higher levels as the case may be to take advantage of such fall / correction. Delivery Buy / Positional Buy: This means that the call given is a positional call & there would be need to take delivery of the stock as it may take some time for the scrip to reach the target suggested. Buy above: This means that we have suggested to buy the scrip above specific level only. The calls becomes active only above that level and position needs to be taken only if the call is activated (if it goes beyond the level specified) Sell below: This means that we have suggested to sell the scrip below specific level only. The calls become active only below that level and position needs to be taken only if the call is activated (if it goes below the level specified) 3. 136, Raghuleela Mall, 2nd Floor, Poisor, Kandivali (W), Mumbai – 400067, Mobile: 91-9930011789 136, Raghuleela Mall, 2nd Floor, Poisor, Kandivali (W), Mumbai – 400067, Mobile: 91-9930011789 Copyright ©www.shareinfoline.com. All Rights Reserved
Disclosure: It is safe to assume that our company or owners / relatives may have vested interest in the scrip discussed or covered in the report. It does not necessarily mean that we have interest or position in the scrip. Disclaimer: All the views are based on technical analysis and from the data available at that point of time. The views are based on our judgment. Adequate precautions and sufficient study has been done. However, owners, directors, employees, analyst of the company / website will not be or should not be held responsible for any losses made through the calls, either legally or otherwise. All the viewers / members / traders are advised to exercise / trade the calls at their own risk. It is advisable for the viewers / traders to act cautiously and to cross check the information from other sources before taking any trading / investment decisions and without assigning any liability to us. About ShareInfoline ShareInfoline is India’s leading website (started in 2004) providing Equity & Commodity Tips based on technical analysis. We provide trading tips for Nifty, Bank Nifty & Stock Specific Calls both in cash markets & futures markets. We also provide tips in MCX for commodities Gold, Silver, Copper, Crude, Zinc, Lead, Nickel, Natural Gas & Aluminium. ShareInfoline.com is a team of professionals who on continuous basis study the market movements, do market research and critically examines each and every market information. After thourough research and analysis, our research analysts share their views & opinions so that our clients earn from their trades. All our analysts have significant experience, which they share with each other which helps us in providing with accurate trading calls. We believe we have discovered fairly innovative source of data that helps us to keep ahead to identify trends. We believe trend is your friend and thus Trade with Trend. Our main focus is to identify the trend of the market and individual stocks so that we are able to be in profitable trades. Battle is half won if you are trading in right trend and thus we focus in identifying the trend. ShareInfoline.com was started in 2004 and since then has been consistently giving more than 80% accuracy in their equity and commodity trading tips. Over the years, we have identified the secret of trading and thereby improved ourselves so as to deliver the maximum possible results and make our client earn from our knowledge and expertise. Our Services
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