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  1. 1. 18TH December 2012DAILY CHARTIST VIEW
  2. 2. HIGHLIGHTSA  Highlights  Nifty remained range bound on Monday ahead of RBI policies.  Nifty Future ended 26.40 points down at 5888.50  Two calls we recommended did not moved as per the expectation  Investors are advised to exit from these calls and take position in the fresh calls provided below.  Buy Havells India future above 625 for targets 632/640  Buy Biocon futures above 290 for targets 294/300  Past Performance:  Allahabad bank sell call hit both targets.  Voltas hit both targets  Adani Enterprise hit target.  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. 3. HAVELLS INDIA FUTURE – DOUBLE BOTTOM BUY ABOVE 625 FOR TARGETS 632/640 SL 615 BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235 Buy Havells India above 625 Havells India is making Double bottom on daily chart Currently trading at 618.45 Break out will come above 624 and investors can buy above 625 Targets are 632/640 and SL is recommended at 615
  4. 4. BIOCON FUTURE- DESCENDING TRIANGLE BUY AB0VE 290 FOR TARGETS 294/300 SL 285 Biocon sell call we recommended took an upward breakout. Biocon is making Descending triangle on hourly chart Currently trading at 289.30 Investors’ are advised to reverse the position and buy above 290 for targets 294/300 Stop loss is recommended at 285
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