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BSE Sensex – 20286.12
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19150 19200 17670
Overall trend is positive. Hold long positions with stop at 19950 on closing basis.
Overall trend is positive. Hold long positions with stop at 19950 on closing basis. Though market is
strong still we are not convinced about this rally that is overextending. So keep stops strong for all
the long positions.
S&P 500(USA) – 1667.47
Overall trend is positive. Hold long positions with stop at 1630 on closing basis and look for higher
levels of 1660-1670 to book part profits.
Overall trend is positive. It has almost attained our target of 1670. Hold long positions for next
higher target of 1680-1700 keeping stop at 1640 on closing basis.
AXIS BANK – 1535.25
Overall trend is positive. We advised to buy above 1520 and it made a high around 1540.hold long
positions with stop at 1505 and look for the levels of 1560-1580 to book profits.
Overall trend is positive. Hold long positions with stop at 1505 and higher levels of 1560-1580 to
book profit.
ICICI BANK – 1230.45
Overall trend is positive. Hold longs with stop at 1185 and look for the levels of 1225-1245 to book
profits.
Overall trend is positive. It has attained initial target of 1225. Look for next higher level of 1245 to
book profit with stop at 1185.
RELIANCE INDUSTRIES – 835.50
Overall trend is positive. We advised to buy above 822 and attained target of 840 in intraday trade
itself. Those holding longs need to keep stop at 828 and look for booking part profit around 845
levels.
Overall trend is positive. It has almost attained target of 845. We are expecting some downside in
the stock in coming days till it does not close above 850.
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TATA MOTORS – 303.35
Overall trend is positive. It has almost attained our initial target of 302 for short position initiated
around 318 levels. Hold position with stop at 307 and look for levels of 300 to book part profit if not
booked at 302-303 levels.
Overall trend is positive. It has attained our target. If sustains below 300 than look for shorting.
TATA STEEL – 311.85
Overall trend is down. If closes above 312 than we may see some up move till 320. Not advising any
trade now. If sustains below 307, we may see move till 302-300 levels.
Overall trend is down. If it closes above 312 than some upside is possible. If trades and sustain above
314 than look for going long for possible higher levels of 320-325.
SBI – 2424.85
Overall trend is positive. We advised buy above 2322 on 15-05-2013 and it attained our target of
2425-2430 as recommended. Anyone needs to hold positions for higher target can keep stop at 2370
and look for levels of 2480-2520 to book full profits.
Overall trend is positive. Hold long positions with stop at 2370 for possible higher levels of 2480-
2520.
USDINR – SPOT – 54.8850
Overall trend is sideways to positive. Hold positions with stop at 54.65 and look for the levels of
55.20 to book part profits. If sustains below 54.65, initial target will be 54.50.
Overall trend is sideways to positive. Look for buying around 54.65 levels keeping stop at 54.58 for
higher levels of 54.80-55. Also buy or add to the long positions on cross above 55.04-55.05 for higher
levels of 55.20 and above.
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Stocks with Positive Breakout
Stock Name Buying Range
Bharat Forge 247.40
NTPC 161.40
Voltas 96
Adani Power 51.80
Ambuja Cem. 193.20
BHEL 205.10
IOB 65
Stocks with Negative Breakout
Stock Name Selling Range
Andhra Bank 92.40
Bharti Airtel 311.60
Colgate 1470
ZEEL 239.80
Weekly Support & Resistance levels
Scrip Close S3 S2 S1
Trend
Down
Trend
Up
R1 R2 R3
SENSEX 20268.86 19394 19493 19650 19910 20168 20330 20487 20586 20745
Nifty Spot 6187.30 5882 5915 5970 6057 6145 6200 6254 6287 6342
Axis Bank 1535.25 1408 1422 1442 1481 1518 1541 1563 1577 1600
ICICI Bank 1230.45 1106 1120 1141 1178 1214 1237 1259 1273 1295
Reliance Ind. 835.50 776 784 795 814 825 845 856 863 875
TATA Motors 303.35 285 289 292 298 304 309 316 319 322
TATA Steel 311.85 291 296 301 305 309 316 321 327 330
SBI 2424.85 2200 2266 2303 2330 2373 2442 2479 2505 2545
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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