Nifty future is creating a Cup and Handle pattern in 30 minute chart as we can see, if break out will in that pattern with volume then nifty may cross 8500 level than 8570-8580 will be next resistance for it, so buy nifty future from above mentioned levels and given targets.
2. Date and Time31-07-15
Call: LONG
CMP: 8421
Initiation Level: 8440
Book Profit (Level 1):
8480
Book Profit (Level 2):
8570
Stop Loss: 8400
Conviction Level;
moderate risk
Reason:
RECOVERY
Short term Trend:
CORRECTION
Medium Term Trend:
DOWN
For the investor: SELL
ON HIGH
For Aggressive Traders:
SELL ON RISE AND BUY
ON DEEP
Support: 8330-8400
Resistance- 8500-8580
Duration: 1-3 Days
NIFTY FUTURE
TOP GAINERS:
BANK OF BARODA BY
10.05%
PNB BY
9.77%
DR READDY BY
5.41%
CIPLA BY
4.64%
ITC BY
3.93%
TOP LOSERS:
NMDC BY
2.11%
SUNPHARMA BY
1.87%
HINDALCO BY
1.74%
INFOSYS BY
1.42%
KOTAK MAHINDRA BY
1.26%
Technical commentary
Nifty future is creating a Cup and Handle pattern in 30 minute chart as we can see, if break out will in that pattern with volume then
nifty may cross 8500 level than 8570-8580 will be next resistance for it, so buy nifty future from above mentioned levels and given
targets.
3. TOP GAINERS:
BANK OF BARODA BY
10.05%
PNB BY
9.77%
BANK OF INDIA BY
5.01%
CANARA BANK BY
2.69%
INDUSIND BANK BY
2.11%
TOP LOSERS:
KOTAK MAHINDRA BY
1.26%
YES BANK BY
0.44%
AXIS BANK BY
0.26%
FEDERAL BANK BY
0.15%
BANK NIFTY FUTURE
Date and Time 31-07-15
Stock: BANKNIFTY
Call Long
Initiation Level: 18415
Book Profit (Level 1):
18450
Book Profit (Level 2):
18650
Stop Loss: 18350
Reason: recovery
Short term Trend:
recovery
Medium Term Trend:
DOWN
For the Investor: SELL ON
HIGH
For Aggressive Traders:
SELL ON RISE AND BUY ON
DIPS
Support: 18180-18000
Duration: 1-3Days
Technical commentary
As we can see bank nifty also creating a Cup and Handle pattern as like nifty so buy also in bank nifty future
with above mentioned levels and targets.
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