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BSE Sensex – 19577.39
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19360 19300 17750
Overall trend is down but will turn positive once the index starts trading above 19465. Above 18925,
before closing, in the single day it attained the mentioned higher level of 19300-19360. Now we
need to see that if is trades above 19465 for few minutes than next higher level will be around
19700. On the lower side, it has support around 19150 – 19100.
Overall trend is positive. We may see levels of 19700-19800 in coming days. On the lower side, it has
important support around 19300 levels.
S&P 500(USA) – 1606.28
Overall trend is down. We advised to short around 1590-1595 levels. Hold the position with stop at
1620.
Overall trend is down. It has just touched the stop loss level of 1620 and returned. So, those who
have exited the position should stay away else hold with same stop loss or keep it to 1621.
AXIS BANK – 1348.80
Overall trend is down. We mentioned that on the higher side we may see 1310 – 1330 levels and it
need to be used to book full profit. So, the mentioned levels attained and we booked full profit.
Overall trend is down but will turn positive once it starts trading above 1360. Anyone who is holding
long positions are advised to book profit around 1370 levels. On the lower side, it has support
around 1310 levels.
ICICI BANK – 1067.90
Overall trend is down. We advised to buy if sustain above 1051 and made a high around 1076. We
advise booking 50% profit around current levels. Now again if it sustain above 1077-1078, we may
see levels of around 1100 – 1110 in coming days. On the downside, keep stop around 1040.
Overall trend is down. If sustain above 1078, we may see rise till 1100 – 1110 in coming days. On the
lower side, it has support around 1046 levels.
RELIANCE INDUSTRIES – 885.70
Overall trend is down. We booked part profit and booked remaining profit around 860 levels as we
advised to book through twitter during the market hours.
Overall trend us positive. We may see levels of 899 in coming days. On the lower side, it has support
at 863.
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TATA MOTORS – 289.80
Overall trend is down. We advised to buy if sustain above 278 and attained initial target of 281. Hold
position with stop at 274 and look for higher levels of 284 – 288 to book full profits.
Overall trend us down. It attained our profit booking levels as attained 288 levels, so booked full
profits.
TATA STEEL – 280.70
Overall trend is down. Our trailed stop hit so exited from position. We are advising to buy if it comes
to 268 levels. Also if sustain above 275, we may see levels of 280.
Overall trend is down. We mentioned, if sustain above 275, levels of 280 is possible and made a high
around 282. Those who are holding longs may expect levels of 290 in coming days. So those who can
hold need to keep stop at 277.
SBI – 2015.60
Overall trend us down. Hold long positions initiated around 1950 levels with stop at 1915 and look
for higher levels of 1983 to book part profit. If sustain above 1983 on closing basis than we may see
levels of 2000.
Overall trend is down. Very strong resistance is around 2045 levels. We advised to buy around 1950
and attained mentioned targets of 2000. Look for booking full profits around 2040 levels keeping
stop at 1970
USDINR – SPOT – 59.52
Overall trend is positive. We advised to short if sustain below 59.98 and booked profit at 59.47 and
around 59.25 levels. Now, level of 59.15 is very important, if sustain below it than we may see levels
of 58.77 – 58.65 initially.
Overall trend is down. If it sustain above 59.58, we are advising to exit short positions and look for
entering long positions.
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Stocks with Positive Breakout
Stock Name Buying Range
IDEA 146
RCom 134
Glenmark 576
McLeod Russel 298.20
Maruti 1625-1626
Stocks with Negative Breakout
Stock Name Selling Range
Tech M 1022-1023
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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