04/03/2015

Date and Time 04-03-15

Call: LONG

CMP: 8996.25 (SPOT)

Initiation Level: 9050

Book Profit (Level 1):

9150

Book Profit (Level 2):

9350

Stop Loss: 8850

Conviction Level;

moderate risk

Reason: CORRECTION

Short term Trend:

CORRECTION

Medium Term Trend:

UP

For the investor: LONG

IN DEEP

For Aggressive Traders:

SELL ON RISE

Support: 8700-8600

Resistance- 9030.

Duration: 1-2 Days

NIFTY FUTURE

TOP GAINERS:

TCS BY

4.33%

RELIANCE BY

4.15%

BANKBARODA BY

3.34%

JINDALSTEL BY

2.81%

PNB BY

2.65%

TOP LOSERS:

M&M BY

3.74%

AXISBANK BY

2.31%

TATAMOTORS BY

2.05%

DLF BY

1.97%

AMBUJACEM BY

1.91%

Technical commentary

Today nifty ware open at 8941.60, then nifty took high of 8969.45, then nifty move to diagonal way and took

a life time high of 9008.25, close at 8996.25.Nifty index advances 29, declines 21. NSE advances 773

declines 409, unchanged 34.so, and recommendation for nifty to long for 9200, in short-term.

Indicators MADC and RSI are break out (RSI on Moving avg.) in daily charts.

Basis on indicators and pattern it should long for 9000-9300.

So recommendation for nifty to long for 8850, 8900 sl 8750.

TOP GAINERS:

BANKBARODA BY

4.33%

CANBANK BY

4.15%

PNB BY

3.34%

BANKINDIA BY

2.81%

SBIN BY

2.65%

TOP LOSERS:

AXIABANK BY

2.31%

INDUSINDBANK BY

0.74%

YESBANK BY

0.65%

HDFCBANK BY

0.12%

ICICIBANK BY

0.07%

BNAK NIFTY FUTURE

Date and Time 04-03-15

Stock: BANKNIFTY

Call: LONG

Initiation Level: 20150

Book Profit (Level 1):

20300

Book Profit (Level 2):

20600

Stop Loss: 19800.

Conviction Level:

moderate risk

Reason: consolidate.

Short term Trend:

CORRECTIVE

Medium Term Trend: UP

For the Investor: LONG IN

DEEP.

For Aggressive Traders:

SELL ON RISE.

Support: 19000-18500

Duration: 1-2 Days

Technical commentary

Today Bank nifty ware open at 20029.80. Then bank nifty ware consolidates in the range of 20000-20200,

after took low of 19955, close at 20135. in bank nifty index advances 7, declines 5.So, long bank nifty for

20500, in short-term.

There is RSI cross over on simple moving average-11(55.95) MACD line ware down from 0 levels (20.32).

Basis on indicators and pattern it should move in the range of 20000-20300.

So recommendation for Bank nifty to long for 20000 sl .19800.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY BASHOKLEY ABOVE 74 TGT 75 SL 72.5.

2) CV CASH CALL: BUY RELIANCE ABOVE 900 TGT 915 SL 880.

3) CV CASH CALL: BUY INDUSINDBANK ABOVE 950 TGT 970 SL 932.

4) CV CASH CALL: BUY RELCAPITAL ABOVE 480 TGT 488 SL 470.

www.capvision.co.in

http://www.capvision.co.in/

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