1. 16/12/2014

2. Date and Time 12-12-14
Call: SHORT
CMP: 8294.05
Initiation Level: 8300
Book Profit (Level 1): 8250
Book Profit (Level 2): 8100
Stop Loss: 8400
Conviction Level; moderate risk
Reason: CORRECTION
Short term Trend: DOWN
Medium Term Trend: consolidation
For the Traders: SHORT
For Aggressive Traders: SELL
Support: 8200-8000
Resistance-8670
Duration: 1-2 Days
NIFTY FUTURE
TOP GAINERS:
KOTAKBANK BY
5.35%
HDFC BY
5.26%
COALINDIA BY
3.69%
GRASIM BY
1.92%
AMBUJACEM BY
1.82%
TOP LOSERS:
DLF BY
4.83%
BPCL BY
4.33%
TECHM BY
3.69%
TCS BY
3.50%
SSLT BY
2.04%
Technical commentary
Today nifty ware opens at low at 8176.35 then it has made a high of 8232, and trading whole day in the range of 8200-8230, close at 8230.9.
Indicators MADC and RSI are down form over bought zone so nifty should short on rise to 8200.
Basis on indicators and pattern it should correct till range 8200-8000.
So recommendation for nifty to sell on rise to 8300, 8250 sl 8400

3. TOP GAINERS:
KOTAKBANK
BY 5.35%
YESBANK
BY 1.45%
HDFCBANK
BY 1.15%
CANBANK
BY 1.10%
INDUSINDBANK
BY 1.07%
TOP LOSERS:
AXISBANK
BY 1.22%
FEDRELBANK
BY 1.13%
SBIN
BY 0.56%
BANKBARODA
BY 0.30%
BNAK NIFTY FUTURE
Date and Time 15-12-14
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1): 18300
Book Profit (Level 2): 18100
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
Technical commentary
Today Bank nifty ware opens at low at 18295.5 then it has made a high of 18559, and trading whole day in the range of 18559-18402, close at18520.5.
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 18000.
Basis on indicators and pattern it should correct till range 18400-18000.
So recommendation for Bank nifty to SELL on rise to 18500-18300 sl .19850

4. STOCKS RECOMMENDATION FOR TOMORROW
Duration: 1-2 Days
1) CV CASH CALL:- BUY ITC ABOVE 400 TGT 410 SL 385
2) CV CASH CALL:- BUY LUPIN ABOVE 1450 TGT 1500 SL 1400

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