30/01/2015

NIFTY FUTURE
TOP GAINERS:
DRREDDY BY

Date and Time 30-01-15

3.94%

Call: SHORT

BPCL BY

CMP: 8952.35
Initiation Level: 8950

3.87%

Book Profit (Level 1):

BHEL BY

8900

3.40%

Book Profit (Level 2):

HDFCBANK BY

8800

3.26%

Stop Loss: 9050

Conviction Level;

AMBUJACEM BY

moderate risk

2.69%

Reason: CORRECTION
Short term Trend:
CORRECTION
Medium Term Trend:
UP
For the investor: LONG
IN DEEP

TOP LOSERS:
PNB BY

For Aggressive Traders:

SELL ON RISE
Support: 8600-8350

3.51%

Resistance- Trading At
ASIANPAINTS BY
3.17%

High.
Duration: 1-2 Days

BANKBARODA BY
2.93%
HDFC BY
2.63%
SBIN BY
2.36%

Technical commentary
Today nifty ware opens at 8876.35, nifty made immediate high of 8891.95, then nifty ware range bound in
the range of 8900-8860, after breaking the upper level, it has touch 8965.75 in closing session, close at
8947.Nifty index advances 28, declines 21, unchanged 1. NSE advances 561, declines 622, unchanged
40.so, recommendation for nifty to short for 8800, in short-term.
Indicators MADC and RSI are over bought zone in daily charts.
Basis on indicators and pattern it should short for 8900-8800.
So recommendation for nifty to long to 8700, 8750 sl 8550.

BNAK NIFTY FUTURE

TOP GAINERS:
HDFCBANK BY

Date and Time 30-01-15

1.18%

Stock: BANKNIFTY

AXISBANK BY

Call: SHORT
Initiation Level: 20550

1.01%

Book Profit (Level 1):

INDUSINDBANK BY

20300

0.90%

Book Profit (Level 2):

20000
Stop Loss: 20800.
Conviction Level:
moderate risk
Reason: consolidate.
Short term Trend:
CORRECTIVE
Medium Term Trend: UP

TOP LOSERS:

For the Investor: LONG IN

BANKINDIA BY

DEEP.

2.40%

For Aggressive Traders:

PNB BY

SELL ON RISE.

1.40%

Support: 20000-19600

BANKBARODA BY

Duration: 1-2 Days

0. 43%
SBIN BY
0.39%
CANBANK BY
0.29%

Technical commentary
Today Bank nifty ware opens at 20385.10, then made a high of 20489.40, remain consolidate in the range
of 20360-20490, after break the upper level bank nifty made a high of 20600.25 close at 20530.Bank Nifty
index advances 3 declines 9, So, recommendation for bank nifty to short for 20000, in short-term.
There is RSI cross over on simple moving average-11 MACD-459.50, 72.71, are over bought zone.
Basis on indicators and pattern it should move in the range of 20300-20000.
So recommendation for Bank nifty to short for 20000 sl .20800.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY BHEL ABOVE 285 TGT 292 SL 280.

2) CV CASH CALL: BUY HENDPETRO ABOVE 635 TGT 650 SL 610.
3) CV CASH CALL: BUY AXISBANK ABOVE 600 TGT 618 SL 590.
4) CV CASH CALL: BUY HINDALCO ABOVE 143 TGT 149 SL 137.

DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.

*Investment is subject to market risks.

Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.