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NIFTY FUTURE
TOP GAINERS:
PNB BY
Call: SHORT
5.99%
CMP: 8807.00
Initiation Level: 8840
ZEEL BY
4.91 %
8800
INDUSIND BANK BY
4.65%
8750
KOTAK MAHINDRA BY
4.30%
moderate risk
RELIANCE BY
Reason:
3.37%
Consolidation between
Channel Lines
GAIL BY
3.22%
LUPIN BY
Technical commentary
3.19%
BHARTI AIRTEL BY
2.85%
IDEA BY
2.37%
Nifty future has opened gap up today at 8797.90, and was volatile for whole day it had given movement in
both sides. Its low was 8732 and then high was 8820.
Nifty is trading in a channel line since last 30-40 day we can find it easily in hourly chart as well in daily. It is
now near to upper channel line so we can say it will be taking resistance from there and we can take a short
position with the target of lower channel line our levels will be short below 8840 for the target of 8760 with
stop loss 8900.
5.99%
Stock: BANKNIFTY
INDUSIND BANK BY
Call: LONG
Initiation Level: 19000
4.65%
KOTAK MAHINDRA BY
19200
4.30%
BANK OF INDIA BY
19500
Stop Loss: 18700.
3.30%
AXIS BANK BY
Reason: RECOVERY
2.92%
TOP LOSERS:
FEDERAL BANK BY
0.19%
SELL ON RISE.
Support: 18700-18400
Duration: 1-3Days
Technical commentary
Bank nifty was a star performer for the day it rise 2.36% (436 points) in todays trading session.
Bank nifty is creating a reversal head and shoulder pattern in hourly charts because of that pattern we can
see for bank nifty chances are that it will go up to 19450 so we can take a buy position from 19000 fro
19400 target with the stop loss of 18700.
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