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BSE Sensex โ 20212.96
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19150 19100 17670
Overall trend is positive. Very short term trend looks weak till it stays below 19850 on closing basis
and the same level will act as a resistance in very short term trading. We are expecting it to touch
levels of 19500-19400 in coming days.
Overall trend is positive. It has closed above 19850, so now we are suggesting buying above 20280
for short term buying keeping stop at 19630.
S&P 500(USA) โ 1650.34
Overall trend is positive. Hold long for the immediate target of 1640-1644 with stop at 1608 on
closing basis. We are expecting this index to make intermediate top around the levels of 1640-1645.
Overall trend is positive. It has attained our target of 1640-1644. Now those who are holding longs
can keep stop at 1623.
AXIS BANK โ 1508.70
Overall trend is positive. Closing basis it has resistance around 1480 levels. Till it does not close
above 1480, we are expecting it to stay weak and can expect levels of 1400-1400.
Overall trend is positive. It has closed above resistance level of 1480. If it sustains above 1520 than
buy for short term trading keeping stop at 1500.
ICICI BANK โ 1191.25
Overall trend is positive. As we mentioned, we are expecting levels of 1130in coming days. Again, if
sustains below 1130, it can touch around 1110-1105 levels.
Overall trend is positive. Look for buying above 1203 for short term target of 1225-1245 keeping
stop at 1172.
RELIANCE INDUSTRIES โ 819
Overall trend is positive but will turn negative on trade below 792. We are expecting levels of 785-
779 in coming days. Keep stop at 812 for short positions.
Overall trend is positive. It has triggered our stop loss for short position at 812. If sustains above 822,
we can expect levels of around 840 in coming days.
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TATA MOTORS โ 300.30
Overall trend is positive. It has just turned from the mentioned level of 296. Though we have not
suggested trade till now but look for shorting around 308 levels with stop at 312 and can look for
adding more below 297.
Overall trend is positive. Hold short positions with stop at 312 and look for the lower levels of 302-
300 to book profit.
TATA STEEL โ 308.30
Overall trend has turned down. Now we are expecting levels of 292 and on higher side it has
resistance around 312 on closing basis.
Overall trend is down. It may face resistance around 310-312 levels.
SBI โ 2382.75
Overall trend is positive. Buy if crosses above 2322 and go short if falls below 2275.
Overall trend is positive. We advised to buy above 2322 and it made a high around 2392. Look for
booking profits around 2425-2430 levels keeping stop at 2360.
USDINR โ SPOT โ 54.7850
Overall trend is sideways to positive. We advised to buy around 54.60 with stop at 54.50 and it made
a high around 54.81, thus giving good return on intraday only. Those holding positions can keep stop
at 54.65 and look for booking part profit around 54.90. If sustains above 54.91-54.94, we may see
levels of 55.20.
Overall trend is sideways to positive. It has just turned from our mentioned stop loss level. Hold
positions with stop at 54.65 if not booked around 54.90 levels. if sustains above 54.95, again we may
see levels of 55.20. If not able to sustain above 54.65 and falls below it, we may see levels of 54.50.
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Stocks with Positive Breakout
Stock Name Buying Range
Axis Bank 1520
J&K Bank 1365
LIC HF 261
L&T 1588
M&M 995
NTPC 158.60
Union Bank 245.20
Andhra Bank 94
HERO Moto 1720
IDFC 159
Stocks with Negative Breakout
Stock Name Selling Range
- -
Weekly Support & Resistance levels
Scrip Close S3 S2 S1
Trend
Down
Trend
Up
R1 R2 R3
SENSEX 20122.32 19330 19550 19681 19780 19920 20160 20286 20370 20510
Nifty Spot 6107.25 5860 5920 5969 5999 6043 6120 6185 6229 6300
Axis Bank 1472.45 1402 1418 1428 1445 1459 1488 1515 1540 1556
ICICI Bank 1167.95 1068 1083 1109 1134 1150 1176 1201 1216 1242
Reliance Ind. 814.10 768 781 789 802 809 824 835 848 856
TATA Motors 307.55 277 282 288 293 299 311 320 326 337
TATA Steel 318.70 299 304 307 312 315 322 326 332 335
SBI 2305.70 2128 2183 2237 2254 2292 2330 2360 2380 2415
NOTE โ
Red colour โ Last View / update on the scrip
Green colour โ Current View / update on the scrip
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