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BSE Sensex – 19182.26
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19700 19300 17750
Overall trend is down but will short only if sustain below 19000. Otherwise expect some bounce.
Overall trend is down but not advising shorts as we are expecting market to move slight higher from
current levels and take support around 19200 on closing basis. If falls below 19000 than only
shorting is advised, else expect bounce till 19400-19600.
S&P 500(USA) – 1709.68
Overall trend is positive. Go short below 1678.
Overall trend is positive. Buy if sustain above 1712.
AXIS BANK – 1124.35
Overall trend is down. Hold long positions with stop at 1033. Above 1120, we may see strong bounce
in the stock.
Overall trend is down. Hold long positions and now above 1127-1128 we may see levels of 1180 in
coming days.
ICICI BANK – 902.45
Overall trend is down. Hold short positions and look for lower levels of 878 to book part profit. Hold
rest positions with stop at 928.
Overall trend is down. Buy if sustain above 920 and exit from remaining short positions at current
levels.
RELIANCE INDUSTRIES – 861.55
Overall trend is positive. Hold short positions with stop at 882 and look for lower levels of 845-838 to
book full profits.
Overall trend is positive. Hold short positions with stop at 882 and look for 845-838 to book full
profit and exit.
TATA MOTORS – 284.75
Overall trend is positive. Buy if sustain above 294.
Overall trend is positive. Go short below 277 and buy above 294.
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TATA STEEL – 207.90
Overall trend is down. Stop triggered for long positions at 205. Not advising any fresh trade.
Overall trend is down. As we said, we are not expecting much lower levels below 200. We may see
some positive movement in the stock in coming days. Buy if sustain above 212.
SBI – 1682.25
Overall trend is down. It has touched level of 1665 and we booked profit there. Anyone holding
short may keep stop at 1705.
Overall trend is down. It made a low around 1655 today. Now anyone holding short positions need
to keep stop at 1705 else exit completely around current levels.
USDINR – SPOT – 60.88
Overall trend is positive. Though short trade triggered out but not initiated long positions as not
sustain above 61.11. Buy only if sustain above 61.11 and cross 61.18.
Overall trend is positive. Buy only if sustain above 61.11 and cross 61.18. Alternatively look for going
short if trades below 60.75.
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Stocks with Positive Breakout
Stock Name Buying Range
Britania 742
Hero moto 1863
Stocks with Negative Breakout
Stock Name Selling Range
Bata 870
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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