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BSE Sensex – 19722.29
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19100 19100 17670
Overall trend is positive. We mentioned just that positive momentum has started coming down and
also mentioned that market is not looking healthy. Now it has come down by around 450 points.
Now if it falls below 19630 than again it will come to 19400-19350 levels, where one can look for
initiating fresh long potions for long term portfolio as well for short term trading.
Overall trend is positive. Very short term trend looks weak till it stays below 19850 on closing basis
and the same level will act as a resistance in very short term trading. We are expecting it to touch
levels of 19500-19400 in coming days.
S&P 500(USA) – 1633.77
Overall trend is positive. Hold long positions with stop loss of 1608 on closing basis.
Overall trend is positive. Hold long for the immediate target of 1640-1644 with stop at 1608 on
closing basis. We are expecting this index to make intermediate top around the levels of 1640-1645.
AXIS BANK – 1467.50
Overall trend is positive. We are expecting level of 1400-1410 in coming days. 1486 on closing basis
is resistance for the stock as of now.
Overall trend is positive. Closing basis it has resistance around 1480 levels. Till it does not close
above 1480, we are expecting it to stay weak and can expect levels of 1400-1400.
ICICI BANK – 1147.45
Overall trend is positive. We are expecting levels of 1130 in coming days. Any close below 1145 and
sustenance below it will further trigger down momentum in the stock.
Overall trend is positive. As we mentioned, we are expecting levels of 1130in coming days. Again, if
sustains below 1130, it can touch around 1110-1105 levels.
RELIANCE INDUSTRIES – 798.15
Overall trend is positive. Any close below 800 will turn trend down. We advised to go short below
812 with stop at 825 and it just returned from that level. Also those who initiated below 800 can
keep stop at 821 and hold positions with possible lower levels of 785-779.
Overall trend is positive but will turn negative on trade below 792. We are expecting levels of 785-
779 in coming days. Keep stop at 812 for short positions.
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TATA MOTORS – 300.30
Overall trend is positive. It has intermediate support around 296 levels. If sustains below it on closing
basis than we may see levels of 280 in coming days.
Overall trend is positive. It has just turned from the mentioned level of 296. Though we have not
suggested trade till now but look for shorting around 308 levels with stop at 312 and can look for
adding more below 297.
TATA STEEL – 303.90
Overall trend is positive but will turn down if crosses below 303.50 and will again touch levels of 292
again.
Overall trend has turned down. Now we are expecting levels of 292 and on higher side it has
resistance around 312 on closing basis.
SBI – 2293.05
Overall trend is positive. It has support around current levels of 2250-2300. If sustains below it than
it will go to 2100 levels in coming weeks but for that it needs to sustain below 2250 on closing basis.
Currently it has support around 2245 levels and intraday fall to that level may be used to go long.
Overall trend is positive. Buy if crosses above 2322 and go short if falls below 2275.
USDINR – SPOT – 54.8150
Overall trend is sideways to positive. Overall we may see upside again if it stays above 54.59. Look
for buying around 54.60 levels with stop at 54.50.
Overall trend is sideways to positive. We advised to buy around 54.60 with stop at 54.50 and it made
a high around 54.81, thus giving good return on intraday only. Those holding positions can keep stop
at 54.65 and look for booking part profit around 54.90. If sustains above 54.91-54.94, we may see
levels of 55.20.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
HDFC Bank 683
M&M 942
McDowell 2248
Bajaj Auto 1770
Reliance 792
Weekly Support & Resistance levels
Scrip Close S3 S2 S1
Trend
Down
Trend
Up
R1 R2 R3
SENSEX 20122.32 19330 19550 19681 19780 19920 20160 20286 20370 20510
Nifty Spot 6107.25 5860 5920 5969 5999 6043 6120 6185 6229 6300
Axis Bank 1472.45 1402 1418 1428 1445 1459 1488 1515 1540 1556
ICICI Bank 1167.95 1068 1083 1109 1134 1150 1176 1201 1216 1242
Reliance Ind. 814.10 768 781 789 802 809 824 835 848 856
TATA Motors 307.55 277 282 288 293 299 311 320 326 337
TATA Steel 318.70 299 304 307 312 315 322 326 332 335
SBI 2305.70 2128 2183 2237 2254 2292 2330 2360 2380 2415
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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