25TH January 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded negative and ended in red on Thursday Nifty Future ended 44.25 points down at 6024.90 Bharti Airtel future buy call executed and made high 369.30 and Heromoto future call remained unexecuted. Investors are advised to book profit in Bharti Airtel and take position in fresh calls provided below. Sell Andhra Bank future below 109 for targets 100/85 with sl 120 Buy ITC future above 298 for targets 301/305 with sl 293.45.

Past Performance:

Bharti Airtel future buy call made high 369.30. Hero Motocorp future buy call remained unexecuted. Sun Pharma future buy call remained unexecuted. NTPC future buy call remained unexecuted. Maruti future executed and hits 1st tg 1574 DLF future sell call hits almost 1st tg 255, low 255.15. Aanjaneya Lifecare executed and made high 850 . Havells sell call hit both targets.

ANDHRA BANK FUTURES CHANNEL PATTERN

SELL BELOW 109 FOR TARGETS 100/85 SL 120

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Sell Andhra Bank futures below 109 Andhra Bank future is making a Channel pattern on daily charts. Currently trading at 110.70 Investors are advised to sell below 109, break out is yet to come. Targets are 100/85 and SL is recommended at 120. This is a positional call as the pattern is forming on daily chart.

ITC FUTURE CHANNEL LINE

BUY ABOVE 298 FOR TARGETS 301/305 SL 203.45

Buy ITC future above 298 ITC future is making a Channel Line pattern on 15 minutes chart. Currently trading at 297.30 Investors are advised to buy above 298 for targets 301/305, Breakout is yet to come. Targets are 301/305 and SL recommended is 293.45

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