22/04/2015

Date and Time 22-04-15

Call: LONG

CMP: 8420.00

Initiation Level: CMP

Book Profit (Level 1):

8500

Book Profit (Level 2):

8600

Stop Loss: 8350

Conviction Level;

moderate risk

Reason:

Taking Support from Trend

line in daily chart

Short term Trend:

RECOVERY

Medium Term Trend:

UP

For the investor: LONG

IN DEEP

For Aggressive Traders:

SELL ON RISE

Support: 8400-8300

Resistance- 8750-8800

Duration: 1-3 Days

NIFTY FUTURE

TOP GAINERS:

SESA STERLITE BY

1.54%

TATA STEEL BY

1.10 %

AXIS BANK BY

0.96%

TECH MAHINDRA BY

0.82%

COAL INDIA BY

0.63%

TOP LOSERS:

SUN PHARMA BY

8.78%

HUL BY

4.42%

HCL TECH BY

3.64%

MARUTI SUZUKI BY

3.27%

AMBUJA CEMENT BY

3.25%

Technical commentary

Tomorrow nifty has been opened gap down at 8446 and due to weakness in rupee, and was in consolidation

phase but end of the day it had fallen up to 8376 and closed at 8424, total 636 stocks were advanced and

843 declined, 70 stocks remained unchanged.

Now nifty is taking support of trend line in daily chart as we can see in the charts so we can take a long

position in nifty future from current levels for the targets of 8500-600 our stop loss would be 8350.

TOP GAINERS:

BANK OF INDIA BY

1.04%

AXIS BANK BY

0.96%

SBI BY

0.54%

CANARA BANK BY

0.50%

BANK OF BARODA BY

0.36%

TOP LOSERS:

KOTAK MAHINDRA BY

1.31%

INDUSIND BANK BY

0.71%

YES BANK BY

0.53%

HDFC BANK BY

0.21%

ICICI BANK BY

0.10%

BNAK NIFTY FUTURE

Date and Time 22-04-15

Stock: BANKNIFTY

Call: LONG

Initiation Level: 18250

Book Profit (Level 1):

18400

Book Profit (Level 2):

18600

Stop Loss: 17900.

Reason: Taking support

from trend line

Short term Trend: UP

Medium Term Trend:

DOWN

For the Investor: LONG IN

DEEP.

For Aggressive Traders:

SELL ON RISE.

Support: 17950-17800

Duration: 1-3Days

Technical commentary

Just like nifty future there is a trend line also available in bank nifty future where bank nifty is taking support

and 18000 is good psychological support level for bank nifty future so we can take a buy position in bank

nifty future from 18250 for the targets of 18500-600 with stop loss of 17900.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY SBI ABOVE 290 TGT 310 SL 280.

2) CV CASH CALL: BUY AUROPHARMA ABOVE 1350 TGT 1450 SL 1280.

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