20/01/2015

NIFTY FUTURE
TOP GAINERS:
WIPRO BY

Date and Time 20-01-15

5.30%

Call: LONG

GAIL BY

CMP: 8512.
Initiation Level: 8580

3.78%

Book Profit (Level 1):

BHEL BY

8630

3.12%

Book Profit (Level 2):

AMBUJACEM BY

8750

3.03%

Stop Loss: 8350

Conviction Level;

AXISBANK BY

moderate risk

2.89%

Reason: CORRECTION
Short term Trend:
CORRECTION
Medium Term Trend:
consolidation
For the Traders: LONG
For Aggressive Traders:

TOP LOSERS:
HINDUNILVR BY
5.03%
BPCL BY

SELL ON RISE
Support: -8350-8050
Resistance-8450
Duration: 1-2 Days

1.98%
HEROMOTOCO BY
1.78%
ASIANPAINTS BY
1.54%
HDFC BY
1.13%

Technical commentary
Today nifty ware gap up opens at 88553.80, then nifty made a high of 8570.50, after this it has range
bound to 8570-8530.close at 8550.40. Nifty index advances 35, declines15, NSE advances 716, declines
454, unchanged 40.so, recommendation for nifty to long for 8700, in short-term.
Indicators MADC and RSI are show breakout in daily charts, so nifty should trade for 8700.
Basis on indicators and pattern it should long for 8650-8800.
So recommendation for nifty to long to 8650, 8750 sl 8350.

BNAK NIFTY FUTURE

TOP GAINERS:
YESBANK BY

Date and Time 20-01-15

2.91%

Stock: BANKNIFTY

AXISBANK BY

Call: LONG
Initiation Level: 19450

2.89%

Book Profit (Level 1):

CANBANK BY

19550

2.07%

Book Profit (Level 2):

ICICIBANK BY

19650
Stop Loss: 19100.

1.75%

Conviction Level:

FEDRALBANK BY

moderate risk

1.73%

Reason: consolidate.
Short term Trend:
CORRECTIVE
Medium Term Trend:
consolidation
For the Traders: LONG
For Aggressive Traders:
LONG

TOP LOSERS:

Support: 19000-18800

SBIN BY

Duration: 1-2 Days

0.71%
BANKINDIA BY
0.43%
KOTAKBANK BY
0.24%
INDUSINDBANK BY
0.22%

Technical commentary
Today Bank nifty ware gap up opens at 19356, then bank nifty made a high of 19479.80. after took a low of
19382.15, bank nifty move to 19479.75. whole day bank nifty ware flat trade in the range of 19380-19480,
close at19454.95. Bank Nifty index advances 8 declines 4. So, recommendation for bank nifty to long for
19650, in short-term.
There is RSI cross over on simple moving average-11 MACD-218.85
Basis on indicators and pattern it should move in the range of19200-19650.
So recommendation for Bank nifty to long for 19550 sl .19100.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY YESBANK ABOVE 825 TGT 840 SL 812.

2) CV CASH CALL: BUY APOLLOTYRE ABOVE 230 TGT 235 SL 227.
3) CV CASH CALL: BUY IBREALEST ABOVE 74 TGT 76 SL 72.
4) CV CASH CALL: BUY ICICIBANK ABOVE 360 TGT 366 SL 355.

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