The document provides a daily technical analysis and stock recommendations for the Nifty 50 and Bank Nifty futures indexes. It recommends shorting both indexes with target profit levels and stop losses. For Nifty, it recommends shorting on rises to 8300 and 8100 levels with a stop loss of 8450 and targets of 8200 and 8100. For Bank Nifty, it recommends shorting at 18500 levels with targets of 18200 and 17500 and a stop loss of 18800, citing that indicators show both indexes in overbought zones and expect corrections to 8000-7800 for Nifty and 17500-17000 for Bank Nifty. It also provides buy recommendations for specific stocks like Lupin, Sunt

1. 30/12/2014

2. Date and Time 30-12-14
Call: SHORT
CMP: 8245.70
Initiation Level: 8300
Book Profit (Level 1):
8200
Book Profit (Level 2):
8100
Stop Loss: 8250
Conviction Level;
moderate risk
Reason: CORRECTION
Short term Trend:
DOWN
Medium Term Trend:
consolidation
For the Traders: SHORT
For Aggressive Traders:
SELL
Support: 8050-7800
Resistance-8450
Duration: 1-2 Days
NIFTY FUTURETOP GAINERS:
ASIANPAINTS BY
4.36%
SSLT BY
4.14%
JINDALSTELBY
4.12%
HINDALCO BY
3.22%
TATAMOTORS BY
2.13%
TOP LOSERS:
PNB BY
1.33%
CAIRN BY
1.10%
BHARTIARTL BY
0.95%
KOTAKBANK BY
0.64%
DLF BY
0.59%
Technical commentary
Today nifty ware opens gap up at 8224.75, and took high of 8278.80. After consolidation nifty in the range
of 8278-8250 nifty ware down to 8241, and consolidate, close at 8245. Nifty index advances 36, declines
14.
Indicators MADC and RSI are down form over bought zone so nifty should short on rise to 8100.
Basis on indicators and pattern it should correct till range 8000-7800.
So recommendation for nifty to sell on rise to 8300, 8100 sl 8450.

3. TOP GAINERS:
FEDRALBANK BY
1.01%
YESBANK BY
0.12%
INDUSINDBANK BY
0.01%
TOP LOSERS:
PNB BY
1.33%
CANBAK BY
1.28%
BANKINDIA BY
0.85%
KOTAKBANK BY
0.64%
ICICIBANK BY
0.44%
BNAK NIFTY FUTURE
Date and Time 30-12-14
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1):
18200
Book Profit (Level 2):
17500
Stop Loss: 18800
Conviction Level:
moderate risk
Reason: consolidate.
Short term Trend: up
Medium Term Trend:
consolidation
For the Traders: SHORT
For Aggressive Traders:
SELL
Support: 17750-17000
Duration: 1-2 Days
Technical commentary
Today Bank nifty ware opens at 18788.85 then took a high of 1818825.65.then continual down to
18668.60, close at18673.in banking index PNB top lose by 1.33%, Bank nifty advances 3 declines 9.so
recommendation for bank nifty to short from 18500 to 18000.
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 17500.
Basis on indicators and pattern it should correct till range 17500-17000.
So recommendation for Bank nifty to SELL on rise to 18500-18000 sl .18800.

4. STOCKS RECOMMENDATION FOR TOMORROW
1) - CV CASH CALL: BUY LUPIN ABOVE 1430 TGT 1460 SL 1410
2) - CV CASH CALL: BUY SUNTV ABOVE 390 TGT 410 SL 380
3) -CV CASH CALL: BUY RANBAXY ABOVE 625 TGT 644 SL 610

5. DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.
*Investment is subject to market risks.
Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.