Hello All, We hope you are enjoying our weekly newsletters and our sincere efforts to make your trades more profitable are paying off. In order to get maximum value from our research, we would recommend you to follow these basic rules when you trade: a) Never trade more than two lots in a single trade. b) Never initiate a trade in our call outside our recommended range. c) Book one lot at target 1 levels and hold second lot for Target 2 or Target 3. d) Place a stop loss as soon as you initiate a trade. Mental stop losses are not useful. Remember big losses always start with small losses. e) Once your stop losses are hit and you have exited, do not let your emotions take control and re-enter the same stock again. f) Same is the case with profits. Exit at suggested target levels. Remember, little profit is better than no profit. g) Last but not the least, never trade more than 20% of your capital in a single trade. Without further ado, please find as attached this week's market commentary. We will look forward to receiving your feedback and valuable suggestions to improve this service further. Happy trading! Team - Marwah Financial

1. Weekly Commentary
2/17/2014
Technical View of Indices
Nifty
Once again our Nifty trading strategies were profitable and Nifty
traded within the levels which we had specified last week.
In This Issue

We will be covering technical
view of Nifty and BankNifty
for the coming week as well
Even though Nifty is still expected to trade within a range, bias
as give trading strategies for
has turned positive.
these indices to come out on
Let us evaluate Nifty’s weekly chart in detail to check out
important levels and formulate trading strategy:
the top and minimize losses.
We will also be giving some
stock recommendations on the
basis of technical analysis.
As can be seen from the daily chart, Nifty is still trading in a range but now important levels have become
6125 and 5980. Good buying came into the market before Friday closing at 5985 levels. This usually
suggests Nifty may show some up move in the initial part of next week. Keeping this in mind, our trading
strategy for the coming week will be:
a) We will recommend going long in Nifty rather than going short. Go long at current levels of Nifty or on
any fall towards 6000 with stop loss of 5970 with TG1 of 6120 and TG2 of 6200.

2. b) If Nifty breaches 5970, go short with target 1 5950, target 2 5930 and target 3 5880 with stop loss 5995
Always remember to keep stop losses while trading in order to minimize losses and always book
profits at suggested levels or keep trailing stop losses to maximize returns.
Bank Nifty
BankNifty has formed a strong support level of 10000 and bias has turned positive. Let us evaluate its
chart to formulate trading strategy for this week:
a) Strength is returning to banks after a long down run. Go long in banknifty with target 1 of 10450. Any
breach of this resistance will take Banknifty to 10700-10750 levels. Trade with a strong stop loss of
9980.
b) Go short if BankNifty breaches 9900 for target 1 9800 and target 2 9600 with stop loss at 10000 level.
c) 9600 acts as very good support level. Go long on any fall to this level.
Stock Picks
Very important: Remember to trade with no more than 2 lots at one time. Whenever you buy or
sell a stock, remember to place a stop loss immediately. This ensures mental preparedness.

3. Also, our research and recommended levels ensure that you get good risk to reward ratios.
Therefore, please ensure that you do not enter the stock if it is not in our suggested price range.
Secondly, always make sure that you book some profits at different target levels and start
placing trailing stop losses as per your comfort levels.
Last Week’s Picks
Our first pick of DLF opened outside our trading range and our call didn’t get initiated.
IDEA Cellular moved according to our analysis and we booked profits on all target levels and
closed our call.
This Week’s Picks
1. Our first pick for the week is AXISBANK. Stock has shown good support at 1100 levels.
Current Market Price: 1103
Recommended Action: Go Long in 1100-1110 range
Stop Loss Price: 1095
Target 1: 1130
Target 2: 1160
Target 3: 1195
Timeframe: 2-3 days
2. Our second pick is Housing Development Finance Corporation (HDFC). Go Long at 770-775 levels
with stop loss at 760
TG1 780, TG2 795, TG3 805
Timeframe: 2-3 days
Disclaimer: This document has been prepared by technical analysis team of Marwah Financial®. This
document is prepared for assistance only and is not intended to be and must not alone be taken as the
basis for an investment decision. The user assumes the entire risk of any use made of this information. Each
recipient of this document should make such investigations as it deems necessary to arrive at an
independentevaluation of an investment in the securities of companies referred to in this document
including the merits and risks involved. The investments discussed or views expressed may not be suitable
for all investors.