GIVEN CALLS TO CLIENTS UPDATE

GIVEN TODAY BUY JAI CORP @ 67.45 HIT 70.45+. BUY & HOLD SPICE JET @ 13.40 HIT 14.05 UPP 4.50%.

GIVEN YESTERDAY BUY CASTROL @ 287 HIT 298.50. NEAR OUR TRGT OF 300+.

GIVEN BUY BEL @ 1072 HIT EXACTLY OUR 2ND TRGT 1145.

GIVEN UNITED SPIRITS @ 2651 MOVING HIT 2679.50. SAFE TRADER BOOK PROFIT OTHER HOLD WID TRAIL SL OF 2634.

GIVEN BUY AND HOLD SINTEX @ 37.95 HIT 43.75 NEAR OUR TRGT OF 44+.

GIVEN YESTERDAY BUY GODREJ PROP @ 186 ACHIEVED 1ST TRGT HIT 198+.

GIVEN BEL @ 1072 HIT 1087, BUY YES BANK @ 372 ACHIEVED ALL TRGT HIT 403, INDUS IND BANK @ 487 ACHIEVED 1ST TRGT HIT 497.80, RELIANCE INFRA @ 418 ACHIEVED 1ST TRGT HIT 429.

PRE MARKET CALLS TO CLIENTS

PRE MARKET CALLS TO CLIENTS BUY UNITED SPIRITS @ 2651 TRGT 2700+. BUY PATEL ENGINEERING @ 60.50-61 TRGT 67+ SL 60. BUY PRAJ IND @ 53 TRGT 58+ SL 51. DENA BANK @ 56 - 57 TRGT 60+ SL 53. BUY 50%QTY CASTROL 287 TRGT 300+. ADD TO PORTFOLIO BUY EVEREST KANTO @ 15.65 TRGT 25+.

GIVEN TO CLIENTS STOCK TIPS

GIVEN TODAY BUY YESBANK ABV 372 ACHIEVED 1ST TRGT HIT 380.80, INDUSIND BANK ABV 487 HIT 493.50, BUY MAZDA @ 136-137 HIT 139

CALLS FOR CURRENT WEEK

CALLS FOR CURRENT WEEK

Buy L&TFH above 73.50 sl 69 target 77-85

Buy VOLTAS above 153 sl 144 target 158-165

Buy BEML above 280 sl 245 target 335-360

Buy SRF above 325 sl 300 target 365-397

Buy MAZDA above 134 sl 124 target 150-160

Buy BFUTILITI for delivery in range of 500-525 sl 420 target 650-750-900-1200

Buy COX AND KINGS above 170 sl 155 target 185-205

BANK NIFTY WEEKLY CHART STUDY

BANK NIFTY WEEKLY STUDY

Last week we clearly mention that bank nifty is in consolidation mode and just it not able to break the range.

For current week also bank nifty having same range, of 11750-12310 till its not closing beyond this range we can see consolidation and up and downs between this range only.

As per chart now rsi able to come out from overbought zone, and able to move below support line also.

As we can see that, if bank nifty able to close below 11700-800 range then it can try to touch the support line, and closing above 12350 can give breakout in bank nifty. So till the time this range is not broken one should not think about positional holding.

NIFTY WEEKLY CHART STUDY

MARKET STILL IN A CONSOLIDATION RANGE – TILL THE TIME WE NOT SEE GOOD CLOSE ABOVE MENTION LEVELS PLEASE DON’T TRY TO HOLD THE POSITIONAL, ONCE WE CONFIRM THE CLOSE EITHER UPSIDE OR DOWN SIDE THEN ONLY WE CAN GO FOR POSITIONAL HOLDING IN INDEX.



Last week we mention nifty range of 6400-6565 and trading done within this range only.

Now with the current chart development we can see that at upper level market is doing a consolidation or we can say it’s taking time to decide its next move.

With the long term trendline we can see that many time market has taken support on trendline, and recently it come down below trendline but yet it not able to break the low below trnedline.

It has also created a “TRIANGLE” pattern on chart.

With the rsi we can see that, it able to come out from overbought zone now, and also below the support line.

So for current week we can say that if market able to close below 6470 level then only we can see some correction in market, but if it able to give green close near to support or close above 6550 level then it will again continue its uptrend.

For current week supports at 6470-6430-6400 if goes below this range then we can see more fall till 6300-6200-6000 also.

For current week resistance is 6525-50 range if close above this levels then it can give up move till 6600-6700-6800