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1. 11/12/2014

2. Date and Time 10-12-14
Call: SHORT
CMP: 8435.95
Initiation Level: 8400
Book Profit (Level 1): 8350
Book Profit (Level 2): 8300
Stop Loss: 8500
Conviction Level; moderate risk
Reason: CORRECTION
Short term Trend: DOWN
Medium Term Trend: consolidation
For the Traders: SHORT
For Aggressive Traders: SELL
Support: 8365-84200
Resistance-8670
Duration: 1-2 Days
NIFTY FUTURE
TOP GAINERS:
SBIN BY
3.34%
JINDALSTEL BY
2.76%
ONGC BY
2.58%
PNB BY
2.45%
BANKBARODA BY
2.38%
TOP LOSERS:
NMDC BY
2.46%
BHEL BY
2.45%
HINDUNILVR BY
2.05%
GAIL BY
1.85%
TECHM BY
1.69%
Technical commentary
Today nifty ware open at previous close and trade in the range of 8319.75-8383.35 then took a high of 8376.65, close at 8357.55.
Indicators MADC and RSI are in over bought zone so nifty should short on rise to 8300.
Basis on indicators and pattern it should correct till range 8400-8200.
So recommendation for nifty to sell on rise to 8400, 8350 sl 8500

3. TOP GAINERS:
BANKINDIA
BY 5.10%
CANBANK
BY 4.27%
SBIN
BY 3.34%
PNB
BY 2.45%
BANKBARODA
BY 2.38%
TOP LOSERS:
YESBK
BY 0.10%
BNAK NIFTY FUTURE
Date and Time 10-12-14
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18600
Book Profit (Level 1): 18500(ACHIEVED)
Book Profit (Level 2): 18300
Stop Loss: 18850
Conviction Level: moderate risk
Reason: consolidate.
Short term Trend: up
Medium Term Trend: consolidation
For the Traders: SHORT
For Aggressive Traders: SELL
Support: 18300-17000
Duration:1-2 Days
RECOMANDATION- BANKNIFTY-FUT 1ST TARGET ACHIEVED HOLD FOR 2ND TARGET
Technical commentary
Today Bank nifty ware open at previous high and upward took a high of18650.90, close at 18617.5.
In Bank nifty benchmarks except Yes bank all bank closes at positive. Bankindia gain 5.10%a and Axis bank gains 0.09%
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 18200.
Basis on indicators and pattern it should correct till range 18400-18000.
So recommendation for Bank nifty to SELL on rise to 18600-18300 sl .19850

4. STOCKS RECOMMENDATION FOR TOMORROW
1) CV CASH CALL:- BUY ITC ABOVE 396 TGT 405 SL 385
2) CV CASH CALL:- BUY TITAN ABOVE 385 TGT 400 SL 370
3) CV CASH CALL:- BUY ORIENTBANK ABOVE 320 TGT 335 SL 300
4) CV CASH CALL:- BUY IOB ABOVE 62 TGT 65 SL 58
5) CV CASH CALL :- BUY JINDALSTEL ABOVE 150 TGT 155 SL 147

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