17/06/2015

Date and Time 17-06-15

Call: LONG

CMP: 8063

Initiation Level: 8070

Book Profit (Level 1):

8100

Book Profit (Level 2):

8150

Stop Loss: 8000

Conviction Level;

moderate risk

Reason:

POSITIVE CLOSING

Short term Trend:

CORRECTION

Medium Term Trend:

DOWN

For the investor: SELL

ON HIGH

For Aggressive Traders:

SELL ON RISE AND BUY

ON DEEP

Support: 7900-8000

Resistance- 8200-8400

Duration: 1-3 Days

NIFTY FUTURE

TOP GAINERS:

INDUSIND BANK BY

3.40%

TATA POWER BY

2.85%

BAJAJ AUTO BY

2.52%

NMDC BY

2.37%

POWER GRID BY

2.05%

TOP LOSERS:

IDEA BY

4.04%

CAIRN BY

3.09%

VEDANTA BY

1.57

BPCL BY

1.56%

HDFC BY

1.28%

Technical commentary

The market staged a smart recovery in late trade Tuesday after seeing wild swings. Nifty managed to hold 8000

level, up 33.40 points at 8047.30 after seeing almost 100 points recovery from days low. Now Nifty is looking good

up to 8150, Trade deficit has ban decreased in May 15 than last year, WPI inflation has come in negative form that

is also a good sign, now overall things depend on monsoon, for tomorrow nifty is looking buy for 8150 target.

TOP GAINERS:

INDUSIND BANK BY

3.40%

CANARA BANK BY

2.73%

FEDERAL BANK BY

2.11%

BANK OF INDIA BY

1.87%

PNB BY

1.76%

TOP LOSERS:

BANK OF BARODA BY

0.70%

PNB BY

0.04%

BANK NIFTY FUTURE

Date and Time 17-06-15

Stock: BANKNIFTY

Call: Long

Initiation Level: 17600

Book Profit (Level 1):

17750

Book Profit (Level 2):

17900

Stop Loss: 17340.

Reason: strong support

Short term Trend: DOWN

Medium Term Trend:

DOWN

For the Investor: SELL ON

HIGH

For Aggressive Traders:

SELL ON RISE AND BUY ON

DIPS

Support: 17300-17000

Duration: 1-3Days

Technical commentary

On Tuesday Bank Nifty has gained 1.21% in intraday trade, it has touched low of 17275 but in last hour of the day it

got boosted and has closed up, Countrys biggest lenders State Bank of India and ICICI Bank gained 1.6 percent

and 0.94 percent, respectively. Bank Nifty is taking strong support of 17300-17200 levels and returns from those

levels and has closed at 17621, so we can take a buy position in bank nifty for above mentioned targets and levels.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY HEXAWARE ABOVE 260 TGT 280 SL 250.

2) CV CASH CALL: BUY BHARAT FORGE BELOW 1100 TGT 1150 SL 1050

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