28/04/2015

Date and Time 28-04-15

Call: SHORT

CMP: 8212.00

Initiation Level:

8210.00

Book Profit (Level 1):

8100

Book Profit (Level 2):

8000

Stop Loss: 8350

Conviction Level;

moderate risk

Reason:

Break the neckline of head

and shoulder and 200 SMA

Short term Trend:

RECOVERY

Medium Term Trend:

DOWN

For the investor: LONG

IN DEEP

For Aggressive Traders:

SELL ON RISE

Support: 8000-7800

Resistance- 8350-8550

Duration: 1-3 Days

NIFTY FUTURE

TOP GAINERS:

MARUTI SUZUKI BY

3.02%

VEDANTA BY

2.49 %

WIPRO BY

2.03%

IDEA CELLULAR BY

1.73%

PNB BY

1.30%

TOP LOSERS:

BPCL BY

6.18%

CAIRN INDIA BY

4.66%

ASIAN PAINTS BY

3.44%

BHEL BY

3.29%

SBI BY

3.08%

Technical commentary

Nifty had opened at 8340 and go down up to 8211 due to rising currency and high selling, nifty has broken

neckline of head and shoulder and has closed down below 200. So we can take a short position from here

for the targets of 8000-7800 stop loss would be 8350.

TOP GAINERS:

CANARA BANK BY

1.61%

PNB BY

1.30 %

BANK OF INDIA BY

0.29%

TOP LOSERS:

SBI BY

3.08%

FEDREAL BANK BY

2.93%

KOTAK MAHINDRA BY

2.29%

ICICI BANK BY

1.93%

BANK OF BARODA BY

1.89%

BNAK NIFTY FUTURE

Date and Time 28-04-15

Stock: BANKNIFTY

Call: SHORT

Initiation Level: 17710

Book Profit (Level 1):

17500

Book Profit (Level 2):

17300

Stop Loss: 18000.

Reason: BEARISH

CLOSING

Short term Trend: UP

Medium Term Trend:

DOWN

For the Investor: LONG IN

DEEP.

For Aggressive Traders:

SELL ON RISE.

Support: 17500-17000

Duration: 1-3Days

Technical commentary

Bank nifty has closed with a bearish note with same low and almost same closing point, and bank nifty is

going to break the 200 SMA, high selling in bank stocks and bad quarterly results are forcing bank nifty for

selling pressure so we can take a short position in bank nifty for the targets of 17300-17500 with the stop

loss of 18000 that is also a psychological level.

STOCKS RECOMMENDATION FOR TOMORROW

1) CV CASH CALL: BUY BHARATFORGE ABOVE 1200 TGT 1300 SL1100.

2) CV CASH CALL: BUY INFOSYS ABOVE 2000 TGT 2200 SL 1950.

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