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BSE Sensex – 18827.16
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
19600 19300 17670
Overall trend is positive but short term trend is down. Weekly trend is up but will turn down if closes
and trades below 19300. We mentioned that below 19300, we may see levels of 19000-19050 and
the same is attained. Now any closing below 19000 will take it further down to 18600 levels but we
are expecting some bounce from these levels at least to the level of 19300 initially.
Overall trend is positive but short term trend is down. Weekly trend will turn down if closes below
19300 which looks almost possible now. We mentioned that we are expecting some bounce from
19000 levels but it did not sustained that levels so now it is likely to touch 18600 levels as also
mentioned. It has made a low around 18765.
S&P 500(USA) – 1612.52
Overall trend is down. We are expecting that index will find good resistance around 1648-1650 levels
and will stay below this level. Once 1600 is broken, it will try to touch 1560-1570 levels.
Overall trend is down. It has strong support around 1610-1600 area. Once it will close below 1600,
next possible levels will be 1560-1570.
AXIS BANK – 1270.65
Overall trend is down. It has attained initial target of 1300 and made a low around 1266 near to
second target of 1250. We are expecting it to find good support around 1250 levels. Keep stop loss
at 1320 to hold short positions.
Overall trend is down. It has almost attained second target of 1250 as made a low around 1257.40.
We also mentioned that we are expecting bounce from this level and after that it made a high
around 1292. Hold short positions with stop at 1320.
ICICI BANK – 1068.85
Overall trend is down. We are expecting bounce in this scrip from current levels but buying is
advised only once it sustain above 1115. Support around 1030 levels.
Overall trend is down. If sustains below 1062, we will see slide till 1030-1035 levels. Buying is advised
only if it sustains above 1104.
RELIANCE INDUSTRIES – 789.80
Overall trend is down. Hold short positions with stop at 780 and look for booking part profit around
804 levels. If sustain above 804-805 than we may see further rally in the stock till 816-830 levels.
Overall trend is down. Hold long positions with stop at 780 and look for higher levels of 804-805 to
book part profit.
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TATA MOTORS – 282.95
Overall trend is down. We are expecting some bounce if it crosses 297 till 304.
Overall trend is down. It is trading neat to support levels of 280-282. If closes below 280 on weekly
basis, than initial target will be 260.
TATA STEEL – 266.15
Overall trend is down. It is trading continuously down and we are expecting it to find some support
around 260 levels. Look for positional to long term buying in the zone of 260-275.
Overall trend is down. It is trading near to mentioned support levels of 260. Long term investors can
look for buying stock around these levels for time horizon of at least 2 years.
SBI – 2018.80
Overall trend is down. Today it attained the target of 1975 and bounce from around the same level.
Once it will sustain above 2030 on closing basis, we may see good bounce in the stock.
Overall trend is down. We are expecting stock to remain sideways to turn bullish. Once it will close
above 2030, it will get momentum and will try to touch 2100.
USDINR – SPOT – 57.98
Overall trend is positive. We mentioned that 58.05 is support and below it, it has gone down till
57.73. We may see levels of 57.60-57.50 in coming days.
Overall trend is positive. We are expecting it to touch levels of 57.60-57.50 in coming days. Once it
will sustain below 57.65, we may see selling to get upper hand. Short positions need to be
maintained with stop at 58.58.
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
Lupin 751
ABB 582
Hexaware 78
Grasim 2720
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
YOU CAN ALSO VIEW THIS REPORT ON THE WEB-
