NIFTY SENSEX BANK NIFTY HIGH 6225 20927 11311 LOW 6191 20818 11175 SENSEX (20855) : BSE Sensex closed lower on Tuesday and now the stock has good support at 20600 followed by 20520. The index has closed lower by snapping its four day winning streak. For the day the index crossing 20915 could trigger the next move upwards towards 21000 and higher. However any dip below 20760 can dwindle towards 20600-20500. Wednesday, December 04, 2013 CNX IT CNX NIFTY (6203) : Nifty has been making higher highs and higher lows for the past 5 consecutive trading days but now the index has formed a Bearish Harami pattern. The index has closed within the previous day’s range suggesting indecision in the minds of traders. Nifty now has good support at 6180 followed by 6120 and 6080. While on the upside the index has immediate resistance at 6240 followed by 6290.The index has been trading in a range of around 372 odd points ever since it made a high of 6342 and now the index can retest the extremes of the range as we near the election outcomes due to come in next week. FROM THE RETAIL RESEARCH DESK MARKET OUTLOOK CNX NIFTY COMMENTS PIVOT TABLE S&P BSE~SENSEX 8907 8837 LOW 6191 20818 11175 CLOSE 6202 20856 11221 PIVOT 6206 20867 11236 R 1 6221 20916 11297 R 2 6240 20976 11372 S 1 6187 20807 11160 S 2 6172 20758 11099 8837 8866 8870 8903 8940 8833 8800
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S&P BSE~SENSEX PIVOT TABLE · NIFTY SENSEX BANK NIFTY HIGH 6225 20927 11311 LOW 6191 20818 11175 SENSEX(20855):BSE Sensex closed lower on Tuesday and nowthe stock has good support
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NIFTY SENSEX BANK NIFTY
HIGH 6225 20927 11311
LOW 6191 20818 11175
SENSEX (20855) : BSE Sensex closed lower on Tuesday and now the stock has
good support at 20600 followed by 20520. The index has closed lower by
snapping its four day winning streak. For the day the index crossing 20915
could trigger the next move upwards towards 21000 and higher. However any
dip below 20760 can dwindle towards 20600-20500.
Wednesday, December 04, 2013
CNX IT
CNX NIFTY (6203) : Nifty has been making higher highs and higher lows for the past 5 consecutive trading days but now the index has formed a Bearish Harami pattern. The index has
closed within the previous day’s range suggesting indecision in the minds of traders. Nifty now has good support at 6180 followed by 6120 and 6080. While on the upside the index has
immediate resistance at 6240 followed by 6290.The index has been trading in a range of around 372 odd points ever since it made a high of 6342 and now the index can retest the
extremes of the range as we near the election outcomes due to come in next week.
FROM THE RETAIL RESEARCH DESKMARKET OUTLOOK
CNX NIFTY COMMENTS
PIVOT TABLES&P BSE~SENSEX
8907
8837LOW 6191 20818 11175
CLOSE 6202 20856 11221
PIVOT 6206 20867 11236
R 1 6221 20916 11297
R 2 6240 20976 11372
S 1 6187 20807 11160
S 2 6172 20758 11099
8837
8866
8870
8903
8940
8833
8800
BUY ZEEL Rs.273 : ZEEL has been making higher highs and
higher lows for 5 consecutive trading session and has also
sustained the gap up caused a couple of days ago. The stock is
trading above all major moving averages and looks good to
target 285 in the days to come.
442.00
281.00
STOP LOSS
BUY RANBAXY 456 : RANBAXY has been making higher highs for
four trading session and now the stock looks good to touch
levels like 472 in the days to come. The stock has closed above
all major moving averages suggesting strength. Volumes also
have been good in the stock which indicates that an upmove till
the target levels can be possible
469.00
STOP LOSS
TECHNICAL CALLS
Wednesday, December 04, 2013
BUY ZEEL
EXECUTION PRICE RANGE
269-271
BUY RANBAXY
450-452
EXECUTION PRICE RANGE
264.00
TARGET
TARGET
INDICES CLOSE
SENSEX 20856
NIFTY 6202 CLOSE % SYMBOL CLOSE %
275.5 2.70 GAIL 343.8 3.06
163.4 2.57 BHEL 164.1 2.76
INDICES CLOSE 156.0 2.16 DLF 156.7 2.59
DOW JONES 16009 123.9 1.64 JINDAL STEEL 275.0 2.46
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.
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
TRENDER + : This is a broad based technical trend of the stock prevailant, may or may not be necessarily for the day.
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.
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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