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BSE Sensex – 19748.19
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19400 19300 17750
Overall trend is positive, but very short term trend may turn weak if trades below 19700. Below
19700, we may see level of 19400.
Overall trend is positive but as we said, very short term trend looks down and we are expecting
levels of 19400-19450 in coming days.
S&P 500(USA) – 1691.65
Overall trend is positive. Once it closes below 1685, we may see lower levels in the index, so stay on
sidelines till the trend gets clear.
Overall trend is positive. We are not initiating any fresh trade now.
AXIS BANK – 1107.50
Overall trend is down. We may see good movement in the scrip in coming days. We are not
expecting it to close below 1180 in this month and also not expecting it to fall below 1100 levels.
Those who want to buy for short term can look for it around current levels.
Overall trend is down. We may see levels of 1080 but not expecting it to sustain there. Look for
buying around current levels in small quantity only as we need confirmation that it will not sustain
below 1100.
ICICI BANK – 931.55
Overall trend is down. It has made a low around 927 and we are expecting levels of around 910 in
coming days. Hold remaining positions with stop at 960.
Overall trend is down. Hold remaining short positions with stop at 960 and look for lower levels of
910 to book full profits.
RELIANCE INDUSTRIES – 890.15
Overall trend is positive. It has made a low around 885 and we initiated short positions around 898
so got good profit margin. Now anyone holding the positions needs to keep stop at 920.
Overall trend is positive but very short term trend may turn down if sustain below 875. Hold
remaining short position with stop at 918.
TATA MOTORS – 289.95
Overall trend is positive. Hold long positions with stop at 293.
Overall trend is positive. Our stop loss triggered for buy position. Look for going short if trades below
286.
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TATA STEEL – 218.90s
Overall trend is down. Long term investors need to buy around 210-220 zone as we have already
mentioned. No sign of recovery for this scrip so not advising any positions on long side.
Overall trend is down. In the coming days we are expecting this fall to stabilise and make some
sideways trading and then we may see some higher levels but still need confirmation so only long
term investors may buy around current levels as we have already mentioned.
SBI – 1765.25
Overall trend is down. Go short if sustain below 1790.
Overall trend is down. We advised to go short if sustain below 1790 and made a low around 1752. It
is advised to book part profit around 1750 – 1755 levels and hold remaining position with stop at
1810.
USDINR – SPOT – 59.0450
Overall trend is positive. If sustain above 59.50 than look for buying. We are advising it to retest
levels around 59.40-59.55. If not sustain around 59.50 and then falls below 59.30, go short.
Overall trend is positive. If sustain above 59.35, go long with stop at 58.84.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
YOU CAN ALSO VIEW THIS REPORT ON THE WEB-
