17TH April 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded higher and ended in green on Wednesday. Nifty Future ended 63.60 points down at 5558.70 Dabur India future sell call hits 1st tg 142.50, low of 140.85 and Bajaj Auto future remained unexecuted. Investors are advised to book profit in Dabur India future and take position in fresh calls provided below. Buy Yes bank above 458 for targets 461/464 sl 454 Buy Reliance Industries above 795 for targets 801/807 with sl 785.

Past Performance:

Hexaware hit 1st target. HCL tech hit both targets Infosys future hits 1st tg 2855 Bajaj Auto future hits 1st tg 1805. Sesa Goa hit 1st tgt. Union bank hit Both tgt. JSW Steel future hits final tg 643, low 634. Havells sell hit both targets.call

UNION BANK OF INDIA DOUBLE BOTTOM

BUY ABOVE 219 FOR TARGETS 221/223 SL 217

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Buy Yes bank above 458. Yes bank has made channel on 15 min charts. Currently trading at 457.70. Investors are advised to buy above 458, break out has come. Targets are 461/464 and SL at 454 This is an intra day day call as the pattern is forming on 15 min chart

TATA POWER DOUBLE BOTTOM

BUY ABOVE 95.75 FOR TARGETS 96.75/97.50 SL 94

Buy Reliance industries above 795. Reliance industries is making Triple bottom on hourly chart. Currently trading at 793.60 Investors are advised to buy above 795 for targets 801/807, Breakout has come. Targets are 801/807 and SL is to be followed 785.

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