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(9818099198) Call Girls In Noida Sector 88 (NOIDA ESCORTS)
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Daily Technical Report:08 November 2017
1. Technical View (Equity)
Daily call
Index CMP % up/dn S2 S1 P R1 R2
Nifty 10,350.15 -0.97% 10245 10300 10390 10445 10535
Sensex 33370.76 -1.07% 33000 33185 33525 33710 34050
Nifty Daily Chart
Comments:
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low.
Nifty closed at 10350 with a loss of 102 points.
On the daily chart the index has formed a sizable bearish candle and has broken down its two months
Up-sloping Trendline support on closing basis indicating shift of short term trend to the downside. The
chart pattern suggests that if Nifty crosses and sustains above 10380 levels it would witness buying
which would lead the index towards 10400-10450 levels. Important Supports for the day is around
10330 However if index sustains below 10330 then it may witness profit booking which would take the
index towards 10290-10270 levels. Nifty is trading above 20, 50 and 100 day SMA's which are important
short term moving averages, indicating positive bias in the short to medium term. Nifty continues to
remain in an uptrend in the short and medium term, so buying on dips continues to be our preferred
strategy.
The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are
below their respective reference lines indicating negative bias
The trend deciding level for the day is 10390. If NIFTY trades above this level then we may witness a
further rally up to 10445-10535-10590 levels. However, if NIFTY trades below 10390 levels then we may
see some profit booking initiating in the market, which may correct up to 10300-10245-10155 levels
Stocks to focus for intraday Long IpcaLab, HPCL, Infy, Crompton, GodrejCp,
Ashoka
Stocks to focus for intraday Short Concor, BataInd. , Apollotyre, Jswenergy,
Chamblfert, Hindalco