NIFTY SENSEX BANK NIFTY HIGH 6317 21231 11428 LOW 6287 21123 11317 9547 9468 Wednesday, January 01, 2014 CNX IT NIFTY(6304): NiftyhadmadeaBearishEngulfingcandlestickpatternondailycharts onMondayandnowtheindexhasformedaBearishHaramiCrosscandlestickpatternondaily charts.Theindexcouldbestaringatlowerlevelsonce6260isbrokenonthedownside.Fortheday,iftheindexcrosses6340andsustainsaboveitforsometimeonlythenanupmove towards6360ispossible.However,iftheindexfailstocross6330andslideslower,thensomemoreprofittakingtowards6230cannotberuledouteither.AsweentertheNewYear 2014 we would like to wish our highly esteemed clients and readers a very happy and a prosperous New Year 2014. FROM THE RETAIL RESEARCH DESK MARKET OUTLOOK CNX NIFTY COMMENTS PIVOT TABLE S&P BSE~SENSEX SENSEX(21171): SENSEXhasbeentradinginaverytightrangeforthepast6 tradingsessionsandclosedhigherby28oddpoints.Theindexhasbeenfacing astiffresistancealongtherisingtrendlineatlevelsaround21200-21250too. The index has good support around 21100-21000 levels and holding onto these levels for the next few days could take the markets higher towards 21480-21500.Failingtoholdontocurrentlevelscoulddragthemarketsmuch lower than expected from current levels. LOW 6287 21123 11317 CLOSE 6304 21170 11391 PIVOT 6303 21174 11379 R 1 6318 21226 11441 R 2 6333 21283 11490 S 1 6288 21118 11329 S 2 6273 21066 11267 9468 9516 9510 9552 9589 9473 9431
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S&P BSE~SENSEX PIVOT TABLE Morning T… · NIFTY SENSEX BANK NIFTY HIGH 6317 21231 11428 LOW 6287 21123 ... 2014 we would like to wish our highly esteemed clients and readers a very
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NIFTY SENSEX BANK NIFTY
HIGH 6317 21231 11428
LOW 6287 21123 11317
9547
9468
Wednesday, January 01, 2014
CNX IT
NIFTY (6304) : Nifty had made a Bearish Engulfing candlestick pattern on daily charts on Monday and now the index has formed a Bearish Harami Cross candlestick pattern on daily
charts. The index could be staring at lower levels once 6260 is broken on the down side. For the day, if the index crosses 6340 and sustains above it for some time only then an up move
towards 6360 is possible. However, if the index fails to cross 6330 and slides lower, then some more profit taking towards 6230 cannot be ruled out either. As we enter the New Year
2014 we would like to wish our highly esteemed clients and readers a very happy and a prosperous New Year 2014.
FROM THE RETAIL RESEARCH DESKMARKET OUTLOOK
CNX NIFTY COMMENTS
PIVOT TABLES&P BSE~SENSEX
SENSEX (21171): SENSEX has been trading in a very tight range for the past 6
trading sessions and closed higher by 28 odd points. The index has been facing
a stiff resistance along the rising trend line at levels around 21200-21250 too.
The index has good support around 21100-21000 levels and holding onto
these levels for the next few days could take the markets higher towards
21480-21500. Failing to hold onto current levels could drag the markets much
lower than expected from current levels.
LOW 6287 21123 11317
CLOSE 6304 21170 11391
PIVOT 6303 21174 11379
R 1 6318 21226 11441
R 2 6333 21283 11490
S 1 6288 21118 11329
S 2 6273 21066 11267
9468
9516
9510
9552
9589
9473
9431
Wednesday, January 01, 2014
BUY ASHOK LEYLAND
EXECUTION PRICE RANGE
16.90-17.00
BUY LIC HOUSING FIN
215-217
EXECUTION PRICE RANGE
16.60
TARGET
TARGET
TECHNICAL CALLS
224.50
STOP LOSS
BUY LIC HOUSING FIN Rs.219 : LIC HOUSING FINANCE has
broken out above the falling channel and now looks good to
target 235-240 in the days to come. The stock is trading above
most major moving averages and has witnessed good buying
volumes in yesterdays trading session, which suggests strength.
STOP LOSS
BUY ASHOK LEYLAND Rs.17.25: ASHOK LEYLAND has been
consolidating around 16.50-17.50 for quite some time now and
now the stock is showing promise to move towards 19-20 levels
in the days to come as it is trading above most moving averages.
Strength indicators also suggest that there is some more upside
Trend is the level at which the tendency of stocks can be identified. For best results, you can use the 'trender' to trade. A 'weak' trend denoted by “DOWN” means that traders can trade with a negative bias. If the trend is 'strong',denoted by “UP”, one can trade with a positive bias on the long side. Base price should be the pivot point price.
IF THE TREND IS UP
CLOSING PRICESClosing price is the price at which scrip closes on the date mentioned in the report. Traders may initiate their intraday trade on this level. The stock or index should sustain above or below the pivot else you should exit the trade.
TREND
TRENDER + : This is a broad based technical trend of the stock prevailant, may or may not be necessarily for the day.
Ideally, for a sell position, sell at the pivot point and use R1 as a stop loss and S2 or lower levels as a target level.
IF THE TREND IS DOWN
Ideally, for a buy position, buy at the pivot point and use S1 as the stop loss for a target of levels around R2 and higher.
THE TREND AND THE DAILY PROJECTED RANGE IS BASED ON CERTAIN SIMPLE CALCULATIONS WHICH IS PROVIDED BY BLOOMBERG, EXCLUSIVELY USED BY
DAILY PROJECTED RANGE : Projected Daily high and low are indicative range for the day, if the price moves out of the range the trend in that side may accelerate and turn bullish or bearish.
THE TREND AND THE DAILY PROJECTED RANGE IS BASED ON CERTAIN SIMPLE CALCULATIONS WHICH IS PROVIDED BY BLOOMBERG, EXCLUSIVELY USED BY ANAND RATHI ~ RETAIL RESEARCH.
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