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BSE Sensex – 18540.89
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level
(Closing Basis)
19460 19300 17750
Overall trend is down and weekly trend is also down. We are expecting levels of 18520 in coming
days. On the higher side, we are expecting it to face resistance around 19000 levels. Once sustain
below 18500, we will see 18100 levels.
Overall trend is down. As we mentioned, level of 18520 attained in trade. Now any close below this
level will take index to 18100 levels in coming days. Only above 1880, we may see some positive
momentum.
S&P 500(USA) – 1592.43
Overall trend is down. We mentioned that trend will turn positive only above 1656. Our buy call stop
triggered at 1636. It has support around 1600-1610 zones and below it, we may see levels of 1577 -
1571 initially. We are expecting index to take support around these levels. If sustaining below these
levels on closing basis, than the more down side can be seen till the levels of 1550-1520 in coming
weeks.
Overall trend is down. It has touched the mentioned level of 1577. Any sustained close below this
level will take the index to 1540-1545 zones. If sustain above 1577 than expect some bounce till
1610-1615.
AXIS BANK – 1243.05
Overall trend is down. It is trading near to resistance level of 1260. Also if sustain above 1270, than
look for short term buying. Long term investors may look for entry around 1200 levels.
Overall trend is down. Long term investors look for entry with 60% quantity around 1200 levels.
ICICI BANK – 1049.15
Overall trend is down. It has touched the level of 1026. Very important support zone for the stock is
1024-1005. As we already mentioned, long term investors may look entry around that level with 60%
of the total quantity. On the higher side, if sustain above 1066, we may see some upside till 1080. It
is better to trade with small quantity keeping stop at 1040.
Overall trend is down. Buying can be initiated only if sustain above 1061. If not sustain there than we
may see levels of 1024-1005 in coming days. Keep watch on this level for long term investing as
already mentioned by us.
RELIANCE INDUSTRIES – 792.65
Overall trend is down. It has touched the level of 783. Some upside till 805 is possible.
Overall trend is down. If sustain above 796, we may see some rise till 810-812. Below 779, we may
see levels of 765.
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TATA MOTORS – 283.90
Overall trend is down. Look for going short if it comes near to 295 levels keeping stop at 302.
Overall trend is down. Go short below 279.50 with stop at 284 for possible levels of 277-268 in
coming days.
TATA STEEL – 266.65
Overall trend is down. It has attained the level of 265 as mentioned. Now again below 265, it will go
to 258 levels. On the higher side, above 282, we may see some upside, till that the trend will remain
weak.
Overall trend is down. Go short below 265 for lower levels of 258 - 241 with stop at 269 on closing
basis.
SBI – 1948.45
Overall trend is down. It has taken the support at the mentioned level of 1965. Above 2012, some
upside till 2038 is possible. Buy only if sustain above 2040.
Overall trend is down. It looks like the stock is coming to the levels of 1825 – 1850 in coming days.
Long term investors must buy the stock around this level. Buy 70-75% quantity around this level.
USDINR – SPOT – 59.67
Overall trend is positive. We are expecting levels of around 58.65-58.70 in coming days. On the
higher side, it will turn positive only above 59.80.
Overall trend is positive. Though we advised that trend will turn bullish above 59.80, we are advising
to buy only if sustain above 58.88. Those who are holding longs from this level may keep stop at
59.40.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
ABB 581
Bharti Airtel 280.50
Hero Moto 1570
McDowell 2278
RCom 111.50
Britania 643
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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