24/12/2014

TOP GAINERS:

NIFTY FUTURE

NTPC BY
2.99%

Date and Time 24-12-14

BAJAJAUTO BY

Call: SHORT
CMP: 8267
Initiation Level: 8250
Book Profit (Level 1):

1.97%
BHARTIARTEL BY
1.92%

8150

CIPLA BY

Book Profit (Level 2):

1.78%
ULTACEMCO BY
1.31%

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

TOP LOSERS:
SSLT BY
3.23%
TATAPOWER BY
3.21%
HCLTECH BY
3.12%
TATASTEEL BY
2.36%

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

HDFC BY
1.94%

Technical commentary
Today nifty ware gap up opens at 8319.30, and took high of 8364.25. After consolidation in the range of
8365-8345 nifty ware down words and close at 8264.30.Nifty index advances 15, declines 35.
Indicators MADC and RSI are down form over bought zone so nifty should short on rise to 8000.
Basis on indicators and pattern it should correct till range 8000-7800.
So recommendation for nifty to sell on rise to 8250, 8000 sl 8350.

TOP GAINERS:

BNAK NIFTY FUTURE

INDUSINDBANK BY
1.88%

Date and Time 24-12-14

FEDRELBANK BY

Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18600
Book Profit (Level 1):
18200

0.75%
BANKBARODA BY
0.45%

TOP LOSERS:
ICICIBANK BY
1.68%
CANBANK BY

Book Profit (Level 2):

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

1.39%
AXISBANK BY
1.06%
YESBANK BY

Medium Term Trend:

consolidation
For the Traders: SHORT
For Aggressive Traders:

1.05%

SELL

BANKINDIA BY

Support: 17750-17000

0.95%

Duration: 1-2 Days

Technical commentary
Today Bank nifty ware opens at 18815 then took support of previous high 18817 , consolidate in the range
of 18940-18800, then bank nifty break down took a low of 18570,close at 18619,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 18600-18000 sl .18800.

STOCKS RECOMMENDATION FOR TOMORROW

1) - CV CASH CALL: BUY NTPC ABOVE 142 TGT 150 SL 138

2)- CV CASH CALL: BUY SUNTV ABOVE 365 TGT 372 SL 360

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