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BSE Sensex โ 19406.85
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP DOWN UP
Trend Change Level
(Closing Basis)
18900 19200 17670
Overall trend is positive. We may see the levels of 19260-19500 but not advising any fresh buying
entry at this level. We may see stiff resistance around 19400-19500 levels.
Overall trend is positive. As mentioned, it is coming near to 19500 levels and expected to find
resistance around this level.
S&P 500(USA) โ 1578.78
Overall trend is down and once it crosses below 1540 than it will get momentum on down side.
Currently it has support around 1540-1525 range.
Overall trend is down but will turn positive above 1582. Stay away from taking fresh long positions
as we are expecting momentum to get slower in coming days and higher levels may face selling
pressure. It is trading in the range of 1560-1590.
AXIS BANK โ 1503.40
Overall trend is positive. We advised that below 1430 it may reach 1410-1404 and made a low
around 1413 and bounced from there. Long positions were stopped out below 1430. Intraday buy
above 1458 for targets of 1474-1485 with stop at 1435.
Overall trend is positive. Intraday we advised buy above 1458 and targets of 1475-1485 attained.
Book full profits and stay away from taking fresh trade in the scrip.
ICICI BANK โ 1177.35
Overall trend is positive. Hold remaining long positions with stop at 1131 and look for the levels of
1200-1230 to book full profits.
Overall trend is positive. Hold long positions with the stop at 1155.
RELIANCE INDUSTRIES โ 819.65
Overall trend is down. Stop loss triggered for the long positions. Now above 806-807 we may see
upside till 815-816 levels but there again it will face resistance so avoid taking fresh long entry.
Overall trend is down but will turn positive above 828. As we mentioned, it has gone up above 806-
807 levels, though not advised to trade.
TATA MOTORS โ 293.30
Overall trend is positive. Stop loss triggered for long positions at 281. Now we may see some
movement in the range of 285-274 and will face selling pressure around 284 levels.
Overall trend is positive. Now it may touch levels around 300-302.
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TATA STEEL โ 312.55
Overall trend is down. It is getting some momentum now; still it needs some positive momentum.
Close above 310-311 will take it to 325-330.
Overall trend is down. One more closing above 310-311 will take it to 325-330 in coming days.
SBI โ 2334.55
Overall trend is positive. As we advised that it needs to give two consecutive closes above 2300
levels. If sustains below 2262 than we may see lower levels of 2220-2190. On the higher side it goes
to 2315-2320 than look for shorting with stop at 2332.
Overall trend is positive. Out intraday shorts were stopped out. Now if it crosses above 2365 than we
may see further upside in the stock till levels of around 2500.
USDINR โ SPOT โ 54.105
Overall trend is sideways. It has broken the trading range on higher side and now we are expecting
the levels of 54.57-54.75 to attain. On the lower side support is at 54.15.
Overall trend is sideways. Again it has failed to sustain above 54.30. Stay away from taking new
positions.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE โ
Red colour โ Last View / update on the scrip
Green colour โ Current View / update on the scrip
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