The document provides a daily market summary and recommendations for trading futures contracts. It notes that the Nifty index ended lower on the day and provides details on the performance of previous recommendations. It then provides two new buy recommendations for futures contracts in Auropharma and Sun TV based on technical patterns seen in 30-minute and 15-minute charts respectively, with price targets and stop loss levels specified.
2. HIGHLIGHTS
A
Highlights
Nifty traded negative and ended in red on Friday
Nifty Future ended 31.10 points down at 6036.10
Union Bank future buy call and Ibreal future sell call
remained unexecuted.
Investors’ are advised to ignore both calls and take
position in fresh calls provided below.
Buy Auropharma future above 194.50 for targets
196/198 with sl 192
Buy Sun Tv future above 485 for targets 488/494 with sl
480.45.
Past Performance:
Union Bank future buy call remained unexecuted.
Ibreal future sell call remained unexecuted.
Raymond future sell call hits 1st tg 373.
IVRCL Infra sell call hits final tg 34, made low 30.95.
ITC future buy call remained unexecuted
HUL future sell call made low 466.50.
Jet Airways buy call hits final tg 630
.
Havells sell call hit both targets.
3. AUROPHARMA FUTURE – FLAG PATTERN
BUY ABOVE 194.50 FOR TARGETS 196/198 SL 192
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
Buy Auropharma future above 194.50
Auropharma future is making a Flag pattern on 30
minutes charts.
Currently trading at 193.50
Investor’s are advised to buy above 194.50, break out is
already given.
Targets are 196/198 and SL is recommended at 192.
This is an intraday call as the pattern is forming on 30
minutes chart.
4. SUN TV FUTURE – CHANNEL LINE
BUY ABOVE 485 FOR TARGETS 488/494 SL 480.45
Buy Sun Tv future above 485
Sun Tv future is making a Channel Line pattern on 15
minutes chart.
Currently trading at 481.30
Investors’ are advised to buy above 485 for targets
488/494, Breakout is yet to come.
Targets are 488/494 and SL recommended is 480.45
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