Tuesday, 20 October 2015

Nifty Future | Bank Nifty Future | Equity Report Today | 20th Oct 2015

NIFTY FUTURE

Nifty is trying to go above 8300 but since last two days it was unable to cross that levels, and if we look at daily chart we will found that today nifty has created bearish engulfing candle which indicating us tomorrow will be a selling day in nifty. So sell it from 8260 and our target will be 8180 which a good support in down side.

And in other hand Infosys and TCS are looking good on charts for buying we can buy TCS above 2525 and our tgt   will be 2550 with stop loss of 2510.

Date and Time  20-10-15
Call: SHORT
CMP:  8261
Initiation Level: 8260
Book Profit (Level 1): 8220
Book Profit (Level 2):  8180
Stop Loss:   8300

Conviction Level; moderate risk
Reason:  RECOVERY
Short term Trend: Recovery
 Medium Term Trend: DOWN
For the investor: SELL ON HIGH
For Aggressive Traders: SELL ON RISE AND BUY ON DEEP
Support: 8200-8100
Resistance- 8380-8500
Duration: 1-3 Days

BANK NIFTY FUTURE

Bank nifty looking down more than nifty, if it will open below 17800 then we can sell it from 17750 our targets will be up to 17550, 

All PSU bank are looking down on charts like PNB, Bank of Baroda, Bank of India we can take short position in those all banks. Bank of Baroda looking down up to 170 and cmp is 176.25, Bank of Indialooking down up to 125 in 4-5 days and cmp is 142.50.


Date and Time 20-10-15
Stock:- BANK NIFTY
Call :- SHORT
Initiation Level: 17750
Book Profit (Level 1): 17650
Book Profit (Level 2):  17550
Stop Loss:   17900
Reason: recovery
Short term Trend:  recovery
 Medium Term Trend: recovery
For the Investor: SELL ON HIGH
For Aggressive Traders: SELL ON RISE AND BUY ON DIPS
Support:  17400-17250
Duration: 1-3 Days

STOCKS RECOMMENDATION FOR TOMORROW

  • CV CASH CALL: 
  • BUY TCS ABOVE 2525 TGT 2550 SL 2510.
  • SELL BANK OF INDIA BELOW 140.40 TGT 134 SL 143

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