Special report by epic research 8 april 2013Document Transcript
8TH April 2013DAILY CHARTIST VIEW
HIGHLIGHTSA Highlights Nifty traded lower and ended in red on Friday. Nifty Future ended 94.90 points down at 5593.20 Dabur India future sell call hits 1st tg 142.50, low of 140.85 and Bajaj Auto future remained unexecuted. Investors are advised to book profit in Dabur India future and take position in fresh calls provided below. Buy Maruti Suzuki above 1410 for targets 1422/1434 sl 1390 Sell Reliance Industries below 778 for targets 772/766 with sl 790 Past Performance: Dabur India future hits 1st tg 142.50, low of 140.85. Infosys future hits 1st tg 2855. Bajaj Auto future hits 1st tg 1805. IBReal future hits 1st tg 56.75. ITC future sell call executed today JSW Steel future hits final tg 643, low 634. Ranbaxy future hits 1st tg 432. Havells sell call hit both targets.
MARUTI SUZUKI – FLAG BUY ABOVE 1410 FOR TARGETS 1422/1434 SL 1390 BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235 Buy Maruti suzuki above 1410. Maruti suzuki is making a Flag pattern on 15 minutes charts. Currently trading at 1406. Investor’s are advised to buy above 1410, break out is yet to come. Targets are 1422/1434 and SL at 1390 This is an intraday call as the pattern is forming on 15 minutes chart.
RELIANCE INDUSTRIES – RISING WEDGE PATTERN SELL BELOW 315 FOR TARGETS 318/323 SL 310.45 Sell Reliance industries below 778. Coal India future is making Rising Wedge pattern on 15 minutes chart. Currently trading at 780.10. Investors’ are advised to Sell below 778 for targets 772/766, Breakout is yet to come. Targets are 772/766 and SL is to be followed 790
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