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BSE Sensex – 19441.07
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
19950 19300 17670
Overall trend is positive but short term trend is down. As we are mentioning that 19570 on closing
basis is important level, if it is not sustaining above 19570 on closing basis than the bias will remain
negative and we may see lower levels of 19300 initially. We are not advising to go short around this
level but short term buying can be initiated.
Overall trend is positive but short term trend is down. Short to medium term traders can buy some
quantities around 19300-19320 levels and if comes to 19000-19050 levels, than add some more
quantities. Market is not able to get close above 19570 levels and is continuously trading below it,
we may see levels of 19300 initially and than 19000 as we have already mentioned.
S&P 500(USA) – 1643.38
Overall trend is down. Minor support is around 1600 levels, below that stay ready for 1560-1570
levels.
Overall trend is down and will turn positive if trades above 1648. As we mentioned, it has support
around 1600 levels and it turned from the same level. Look for going long if trades above 1648-1650
levels.
AXIS BANK – 1355.25
Overall trend is down. Look for buying if it stays above 1400 and add to the long positions if sustain
above 1420.
Overall trend is down. If it gets weekly close below 1370, than we may see much lower levels in the
stock possibly till 1310-1250-1220.
ICICI BANK – 1117.80
Overall trend is down. Look for buying if sustain above 1165.
Overall trend is down. If it sustain above 1135 than we may see some bounce in the stock otherwise
lower levels of 1094 can be attained.
RELIANCE INDUSTRIES – 789.35
Overall trend is down. Look for buying around current levels and add / buy if sustain above 806.
Overall trend is down. Those who have entered long positions at levels of around 780-785 may keep
stop at 770 and hold the positions.
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TATA MOTORS – 296.05
Overall trend is positive. We advised to go short below 303 and it almost attained initial target of
297 as made a low at 298. Hold positions with stop at 308.
Overall trend will turn down once it trades below 291. We advised shorting and our final target of
294 also attained, so booked full profits.
TATA STEEL – 290.60
Overall trend is down. Look for buying if trades above 297 for initial target of 303-306 with stop at
290.
Overall trend is down. It is not sustaining at any higher levels and has broken the earlier low of 290.
Any weekly close below 290-288 will take stock to much lower levels of 250-255.
SBI – 2011.55
Overall trend is down. Buy if sustain above 2080 for initial target of 2120-2150 with stop at 2050.
Overall trend is down. If it sustains below 1996, go short foe expected lower levels of 1975 initially. If
sustain above 2072 than look for buying.
USDINR – SPOT – 58.13
Overall trend is positive. It is near to our target of 57.30 as it has already touched the level of 57.12.
Now it has strong support around 56.70 levels. Any long positions need to be exited if sustain below
56.70 levels. Also we are advising to go short if sustain below 56.70.
Overall trend is positive. It has attained our final target of 57.30 and went to 58. It is trading at all
time high levels and 58.05 is immediate target or resistance. If it is sustaining above 58.05 on closing
basis, than we may see levels of 58.80-58.90 in coming days. We are advising to trail stop loss to
57.60. If it sustains below 57.60 than also look for shorting otherwise hold longs with stop at 57.60.
If anyone has not booked profit, than we are advising to book 60% profit at current levels.
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Stocks with Positive Breakout
Stock Name Buying Range
HCL Tech. 758
Wipro 346
Stocks with Negative Breakout
Stock Name Selling Range
Aurobindo Pharma 173.50
R.Com 110
Rel Capital 330
Rel Infra 365
Glenmark 546
IndusInd Bank 491
Sun Pharma 986
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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