22/12/2014

TOP GAINERS:

NIFTY FUTURE

HINDALCO BY
3.30%

Date and Time 22-12-14

ICICIBANK BY

Call: SHORT
CMP: 8159.3
Initiation Level: 8200
Book Profit (Level 1):

3.25%
POWERGRID BY
3.04%

8100

SSLT BY

Book Profit (Level 2):

2.28%
WIPRO BY
2.70%

8000
Stop Loss: 8350
Conviction Level;
moderate risk
Reason: CORRECTION

TOP LOSERS:
DLF BY
2.54%
HINDUNILVR BY
1.84%
ITC BY
1.83%
BAJAJAUTO BY
1.76%

Short term Trend:

DOWN
Medium Term Trend:
consolidation
For the Traders: SHORT
For Aggressive Traders:
SELL
Support: 8050-7800
Resistance-8350
Duration: 1-2 Days

ASIANPAINTS BY
1.52%

Technical commentary
Today nifty ware gap up opens at 8237, and took high of 8277. After consolidation in the range of 82808240 nifty ware down and close at 8233.Nifty index advances 48, declines 2.
Indicators MADC and RSI are down form over bought zone so nifty should short on rise to 7800.
Basis on indicators and pattern it should correct till range 8000-7800.
So recommendation for nifty to sell on rise to 8200, 8000 sl 8350.

TOP GAINERS:

BNAK NIFTY FUTURE

ICICIBANK BY
3.25%

Date and Time 22-12-14

FEDRELBANK BY

Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1):
18000

2.79%
HDFCBANK BY
0.96%
YESBANK BY
0.63%
AXISBANK BY
0.32%

TOP LOSERS:

Book Profit (Level 2):

17500
Stop Loss: 18800
Conviction Level:
moderate risk
Reason: consolidate.
Short term Trend: up

BANKINDIA BY
1.92%
CANBANK BY
1.39%

Medium Term Trend:

consolidation
For the Traders: SHORT
For Aggressive Traders:

BANKBARODA BY

SELL

1.25%

Support: 17750-17000

KOTAKBANK BY

Duration: 1-2 Days

1.16%
SBIN BY
0.96%

Technical commentary
Today Bank nifty ware gap up opens at 18600 then took support of previous low 18450 , consolidate in the
range of 18400-18600, close at 18510,so recommendation for bank nifty its could break this short term
range and can be correct in the rage of 17500 -17000
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 17500.
Basis on indicators and pattern it should correct till range 17500-17000.
So recommendation for Bank nifty to SELL on rise to 18500-18000 sl .18800.

STOCKS RECOMMENDATION FOR TOMORROW

1) - CV CASH CALL: BUY CANBANK ABOVE 436 TGT 445 SL 428

2)-CV CASH CALL: BUY COALINDIA ABOVE 380 TGT 400 SL 370
3)- CV CASH CALL: BUY SUNTV ABOVE 360 TGT 368 SL 350

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