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BSE Sensex – 19016.46
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP DOWN UP
Trend Change Level
(Closing Basis)
18900 19200 17670
Overall trend is down & will turn positive above 19100. Once it crosses above 19100 than next target
will be 19300-19500. We are not expecting it to go beyond 19500 currently.
Overall trend is positive. As we mentioned, above 19100 we may see the levels of 19300-19500.
Keep watch on these levels and do not initiate fresh longs here and keep stop at 18900 on closing
basis for long positions initiated earlier.
S&P 500(USA) – 1555.25
Overall trend is positive but will turn negative below 1549. Support at 1539-1518 levels once breaks
below 1549.
Overall trend is down and once it crosses below 1540 than it will get momentum on down side.
Currently it has support around 1540-1525 range.
AXIS BANK – 1441.15
Overall trend is positive. Those who shorted are exited at 1385. Once it sustains above 1440 than it
can touch 1500 levels soon.
Overall trend is positive. As we mentioned that above 1440 it can touch 1500 levels and made a high
around 1484. Keep stop at 1430 for long positions. Also it looks like if it sustains below 1430 than it
may touch levels of 1404-1410.
ICICI BANK – 1148.45
Overall trend is positive. It may find some resistance around 1130 levels. Once it sustains above
1131 on closing basis than we are expecting levels of 1200-1230 to attain.
Overall trend is positive. Those holding long positions need to keep stop at 1117 and look for the
levels of 1160 to book part profit and hold remaining positions for the targets of 1200-1230.
RELIANCE INDUSTRIES – 789.75
Overall trend is down. Intraday any bounce to 790 is to be used to go short with stop at 800 for
expected lower levels of 770-760.
Overall trend is down. Hold the short positions with stop at 796.
TATA MOTORS – 285.25
Overall trend is down. Above 285, it can reach 291-296 levels.
Overall trend is positive. Hold longs with stop at 281 and look for the levels of 291-296 to book
profit.
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TATA STEEL – 306.70
Overall trend is down. It is consolidating in a range of 290-304.
Overall trend is down. Now it has broken the trading range on upper side. Now if it is able to sustain
above 310 than in coming days we may see the levels of 320-325.
SBI – 2327.10
Overall trend is positive. It may face some resistance around this level. If sustains above 2300 on
closing basis than we may see levels of 2500 in coming weeks and if not able to sustain on closing
basis than again expect lower levels of 2260-2167.
Overall trend is positive. It has closed above 2300 and one more day of close above this level will
open the targets of 2500 for the stock in coming weeks.
USDINR – SPOT – 54.1450
Overall trend is sideways. On the lower side it has support around 53.90 and on higher side it will
face resistance around 54.30. Also overall bias is negative.
Overall trend is sideways. It is trading in the range of 53.90-54.30. Breakout on either side will decide
the short term trend.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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