15TH March 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded volatile and ended in green on Thursday. Nifty Future ended 72.00 points up at 5939.75 Dena Bank future buy call hits final tg 96.25 and ITC future sell call executed. Investors are advised to book profit in Dena Bank future and take position in fresh calls provided below. Sell Ranbaxy future below 432 for targets 426/418 with sl 440.45 Buy Opto Circuit future above 59.50 for targets 61/63.50 with sl 57.45

Past Performance:

Dena Bank future hits final tg 96.25. ITC future sell call executed today. Jain Irrigation future hits 1st tg 66.75. Ranbaxy future sell call remained unexecuted. ONGC future hits 1st tg 330 Wipro future hits 1st tg 456.50. DLF future hits final tg 270. Havells sell call hit both targets.

RANBAXY FUTURE RISING WEDGE

SELL BELOW 432 FOR TARGETS 426/418 SL440.45

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Sell Ranbaxy future below 432. Ranbaxy future is making a Rising wedge pattern on 15 minutes charts. Currently trading at 434.10 Investors are advised to sell below 432, break out is yet to come. Targets are 426/418 and SL at 440.45. This is an intraday call as the pattern is forming on 15 minutes chart.

OPTO CIRCUITS FUTURE FLAG PENNANT

BUY ABOVE 59.50 FOR TARGETS 61/63.50 SL 57.45

Buy Opto Circuits future above 59.50. Opto Circuits future is making Flag Pennant on 5 minutes chart. Currently trading at 59.30. Investors are advised to buy above 59.50 for targets 61/63.50, Breakout is yet to come. Targets are 61/63.50 and SL is to be followed 57.45

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