17/11/2014

NIFTY FUTURE
TOP GAINERS:
ASIANPANTS BY 4.37%

Date and Time 14-11-14

JINDAL STEL BY 3.87%

Call: SHORT
CMP: 8358.7
Initiation Level: 8400
Book Profit (Level 1):
8350
Book Profit (Level 2):
8300
Stop Loss: 8450
Conviction Leve;
moderate risk
Reasoning
CONSOLIDATE ON

HINDALCO BY 3.65%
MNDC BY 2.74%
GAIL BY 2.65%

TOP LOSERS:
CIPLABY 2.29%
SUNPHARMA BY 2.29%
HCLTECH BY 1.80%
GRASIM BY 1.39%
KOTAKBANK BY 1.33%

LEVEL
Short term Trend:
DOWN
Medium Term Trend:
CONSOLIDATION
For the Traders: SHORT
For Aggressive Traders:
SELL
Support: 8365-8180
Resistance-8550
Duration:4-5 Days

Technical commentary
Today nifty ware consolidates and trade at level to resisting 8390, in morning session nifty ware in upward
touches 8389.7, then corrected to 8358.75, in day end session nifty goes high volatile touchec low and
high both. And close at 8379.9.
Indicators MADC and RSI are in over bought zone so nifty should short on rise to 8300.
Basin on indicators and pattern it should correct till range 8300-8250.
So recomandation for nifty to sell on rise to 8350,8300 sl 8440.

BNAK NIFTY FUTURE

TOP GAINERS:
SBIN BY 2.41%

Date and Time 14-11-14

HDFCBANK BY

Stock: BANKNIFTY
Call: short
Initiation Level: 17520
Book Profit (Level 1):
17450

1.75%
INDUSINDBANK BY
1.41%
BANKBARODA BY
1.21%
ASIXBANK BY 0.51%

Book Profit (Level 2):

17200
Stop Loss: 17650
Conviction Level:
MODERATE RISK
Reasoning: consolidate.

TOP LOSERS:

Short term Trend: up

FEDBANK BY
1.97%
KOTAKBANK BY
1.33%

Medium Term Trend:

consolidation

For the Traders: sell

YESBANK BY
0.71%
ICICIBANK BY

For Aggressive Traders:

Buy
Support: 17000-16790

0.08%
CANBANK BY
1.70%

Duration: 4-5 Days

Technical commentary
Today Banknifty ware consolidates and trade at level to resisting 17560, in morning session Banknifty ware
in upward touches 17565.2, then corrected to 17467.9, in day end session nifty goes high volatile touchec
low and high both. And close at 17583.19
Indicators MADC and RSI are in over bought zone so Banknifty should short on rise to 17200.
Basin on indicators and pattern it should correct till range 17400-17200.
So recommendation for Banknifty to sell on rise to 17450-17200 sl .17650

DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.

*Investment is subject to market risks.

Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.