Daily equity report 12 11-14

12/11/2014

Date and Time 11-11-14

Call: LONG

CMP: 8362.65

Initiation Level: 8420

Book Profit (Level 1):

8450


8480

Stop Loss: 8330

Conviction Leve;

moderate risk

Reasoning

CONSOLIDATE ON

LEVEL

Short term Trend: UP

Medium Term Trend:

CONSOLIDATION

For the Traders: Buy

For Aggressive Traders:

BUY

Support: 8365-8180

Resistance-8550

Duration:4-5 Days

NIFTY FUTURE

TOP GAINERS:

PNB BY 3.60%

BANKBARODA BY

3.14%

IDFC BY 2.68%

M&M BY 2.61%

ULTACEM BY 2.24%

TOP LOSERS:

BHEL BY 2.01%

ITC BY 1.87%

NMDC BY 1.73%

BHARATIARTL BY 1.69

CAIRN BY 1.35%

Technical commentary

Today nifty open up by 20 pts then move to 16 pts, continue falling 8344.and at 8362.65.

From five days nifty consolidate the range between 8420 -8320, so basis on indicators nifty can show

another high in next days. So nifty long above 8420 tgt 8450 support level 8330.

MACD and RSI are over bought zone, and trend reversal pattern show to take immediate high then sell on

rise.

TOP GAINERS:

PNB BY 3.60%

BANKBARODA BY

3.14%

CANBANK BY .31%

BANKINDIA BY 2.44%

AXISBANK BY 1.67%

TOP LOSERS:

INDUSIND BY .21%

BNAK NIFTY FUTURE

Date and Time 10-11-14

Stock: BANKNIFTY

Call: BUY

CMP: 17262.4

Initiation Level: 17545


17595


17650

Stop Loss: 17300

Conviction Level:

MODERATE RISK

Reasoning : over the slop

and consolidate.

Short term Trend: up

Medium Term Trend:

caonsolidation

For the Traders: Buy

For Aggressive Traders:

Buy

Support: 17000-16790

Duration: 4-5 Days

Technical commentary

Bank nifty open at level test previous high and slag down and close above the previous day high. so bank

nifty will be long from 17550 for 17650. Indicator RSI and MACD show buying.

In intraday moving average crossover 55-21 so it can be support 55 averages.

In banking index all bank are positive except INDUSIND BANK so next day we can see new level for bank

nifty.

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Daily equity report 12 11-14

Economy & Finance

Transcript of Daily equity report 12 11-14