Weekly news letter for 03.11.2014

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Monday, 03 rd Nov., 2014 www.3mteam.in STOCK /COMMODITY/FOREX/PMS/WEALTH MANAGEMENT Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss MARKET OUT LOOK Market is outperforming in last week with rally of global market, in last trading session all global market outperform US market finished with more than one per cent gain while European market also finished with more than two percent gain but be cautious because of after a long bull run a small profit booking is possible so be cautious and don’t make position for long term and if Nifty come around 8470 the we can see a big down fall. CNX NIFTY Nifty given around 4% rise in this week with rally of global market while on weekly chart it is finished with bullish marubozu candle which is sign for more up move since it is forming in rising wedge pattern according to it upside it may come at 8465 and indicator showing positive cross over so long it but target up to 8465 on weekly basis Nifty index downside support at 8100-7870 resistance 8450-8550 EQUITY WEEKLY NEWSLETTER 03 rd Nov., 2014

Transcript of Weekly news letter for 03.11.2014

Page 1: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

STOCK /COMMODITY/FOREX/PMS/WEALTH MANAGEMENT

Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss

MARKET OUT LOOK

Market is outperforming in last week with rally of global market, in last trading

session all global market outperform US market finished with more than one

per cent gain while European market also finished with more than two percent

gain but be cautious because of after a long bull run a small profit booking is

possible so be cautious and don’t make position for long term and if Nifty come

around 8470 the we can see a big down fall.

CNX NIFTY

Nifty given around 4% rise in this week with rally of global market while on weekly chart it is finished with bullish marubozu candle which is sign for more

up move since it is forming in rising wedge pattern according to it upside it may come at 8465 and indicator showing positive cross over so long it but target up to

8465 on weekly basis Nifty index downside support at 8100-7870 resistance 8450-8550

EQUITY DAILY NEWSLETTER

11th FEB. 2013

EQUITY WEEKLY NEWSLETTER

03rd Nov., 2014

Page 2: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

FII”S WEEKLY STASTICS

Date Buy Value Sell Value Net Value

28-OCT-2014 3708 3780 ` -71 27-OCT-2014 3931 3866 64 22-OCT-2014 3814 3685 129 21-OCT-2014 4771 4655 115

WEEKLY STOCKS INC. IN OI & INC. IN PRICE

SYMBOL LAST PRICE

CHG (RS)

CHG (%) OI

INCREASE IN OI

INCREASE IN [%] VOLUME % CHANGE

UNITECH 20.50 1.05 5.40% 156,111,000 7,650,000 5.15% 94,078,000 -4.60%

IDFC 157.40 7.70 5.14% 48,522,000 3,850,000 8.62% 45,290,000 31.43%

GMRINFRA 21.90 0.70 3.30% 219,320,000 3,360,000 1.56% 24,470,000 -78.14%

AXIS BANK 440.00 7.75 1.79% 23,956,250 2,008,750 9.15% 13,218,750 -19.70%

WEEKLY STOCKS INC. IN OI & DEC. IN PRICE

SYMBOL LAST PRICE

CHG (RS)

CHG (%) OI

INCREASE IN OI

INCREASE IN [% ] VOLUME % CHANGE

BHARTIARTL 402.30 -7.55 -1.84% 12,116,500 2,403,500 24.75% 9,621,500 31.42%

ARVIND 298.80 -0.45 -0.15% 12,519,000 1,369,000 12.28% 14,260,000 14.59%

CENTURYTEX 557.00 -4.75 -0.85% 8,236,000 385,000 4.90% 9,805,500 12.14%

BIOCON 450.85 -0.10 -0.02% 6,577,500 316,000 5.05% 2,561,000 -35.63%

Page 3: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

WEEKLY STOCKS DCE. IN OI & DEC. IN PRICE

SYMBOL LAST PRICE

CHG (RS)

CHG (%)

OI Decrease in OI DECREASE IN [% ]

VOLUME %

CHANGE

TITAN 393.40 -29.85 -7.05% 9,896,000 -25,000 -0.25% 12,700,000 46.80%

WEEKLY STOCKS DEC IN OI & INC. IN PRICE

SYMBOL LAST PRICE

CHG (RS)

CHG (%) OI

Decrease in OI

DECREASE IN [% ] VOLUME % CHANGE

IBREALEST 72.15 2.40 3.44% 33,912,000 -1,772,000 -4.97% 7,836,000 -32.47%

IOB 59.20 1.75 3.05% 16,972,000 -844,000 -4.74% 8,276,000 -65.09%

CROMPGREAV 188.50 3.40 1.84% 21,692,000 -624,000 -2.80% 11,341,000 -34.16%

TATASTEEL 491.20 15.60 3.28% 18,575,000 -619,000 -3.22% 15,728,500 13.19%

Page 4: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

IT SECTOR

IT INDEX

CNXIT index this week again shown again weakness we saw some selling pressure whole day we saw

some support at lower level in last day of week and try to bounce from lower level whole week IT index

formed bearish candle formation on weekly chart which indicates more downside ahead. CNXIT index

support at 8293-8185 resistance at 8516-8631.

TCS

TCS this week showed hammer candle with green colour last to last week and also made a

green candle this week, if closes above this week’s high then we may see some more upside

ahead support at & resistance at 2684 and 2488 also formed a green candle stick formation

on weekly chart which indicates some more upside ahead.

INFY

INFY looking very strong here, may see some downside ahead next week may see bounce due

to oversold but pressure remain due to downgrade rating we may see some downside ahead

next week this INFY can take a good support level of 3862 points on week on week basis,

weekly support at 3864-3668 resistance at 4165-4270.

WIPRO

WIPRO this week again saw buying pressure some bounce saw in last trading session but

looking strong may see some more upside ahead but again selling pressure may come from

higher level but good support at 545 at lower level also a green candle on weekly chart which

indicates more upside ahead WIPRO resistance at 580-601 and support at 544-529.

HCLTECH

HCLTECH this week shown some srong moves but we found good support at 1500 may see

more downside ahead if closes below 1500 also formed a big green candle formation on chart

which indicates some upward moves, HCLTECH resistance at 1668-1725 and weekly strong

support at 1518-1425.

TECHM

TECHM this week we saw good strong moves but found good resistance at higher level also

formed bullish candle formation on chart which indicates more upside may face ahead at

higher level but good support at 2387-2248 resistance at 2599-2672.

HEXAWARE

HEXAWARE looking strong this week may see more upside ahead, in weekly chart may see

more upside ahead we consider support at 186-175 resistance at 204-211, also formed

bullish candle formation on chart which indicates more downside ahead from here.

Page 5: Weekly news letter for 03.11.2014

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AUTO SECTOR

TATA MOTORS

As we expect that Tata Motor stock again given sharp recovery from down side level it also

finished near life time higher level and end with opening Marubozu candle on weekly chart so

more up move is still remain in Tata Motor so buy above 540 with target of 555+ while best

buying level will be around 503-500 use stop loss of 499 with target of 530+

BAJAJ-AUTO

Bajaj Auto again made life time high and finished with long bullish candle on weekly chart since

last week it was give breakout of pennant pattern on weekly chart according to pattern target it

will give target up to 2800 so buy in decline around 2550 use stop loss of 2450 with target of

2700-2800

MARUTI

This stock also made new life time it was much strong in Auto sector because after positive

opening it given continuously up move and finished with long bullish candle on weekly chart

know it is looking positive but market in over bought zone so up move is possible then buy it

with small target and book profit as you get while best buying zone will be so below around

3150.

HERO MOTOCORP

This week HERO MOTOCORP consolidate around life time high and traded in very narrow range

if finished with doji candle on weekly chart so it will be buy only above 3130 use stop loss of

3050 on closing basis with target of 3250+

M&M

M&M this week posted weak Q2 number while before result it was trading in pressure and after

weak Q2 it given small profit booking and on weekly chart it finished with bullish candle on

weekly chart it is forming inverted flag pattern so sell below 1286 use stop loss of 1332 with

target of 1240-1220, while breakdown will below 1215

APOLLOTYRE

In this week APOLLOTYRE traded in fix range on weekly chart it is forming triangle pattern so if

it keep trade in fix range then sell it around 224 use stop loss of 227 with target of 218-213

while from 213 it may bounce back so maintain stop loss strictly

Page 6: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

BANKING/ FINANCE SECTOR

SBIN

In recovery of market banking space given huge participation for that all banking sector bounce

from lower level this week SBIN finished with long bullish candle on weekly chart know 2540

will be strong support for it while 2780 will be strong resistance it may return from this level

while above this level it will be fresh breakout so buy above 2780 with target of 3000+ or in

decline around 2600 use stop loss of 2540 with target of 2770

ICICIBANK

ICICI Bank given this fresh breakout and made life time high it finished with long bullish

candle on weekly chart with long bullish candle while before that it many time return from

resistance of 1590 Know it can be buy with strict stop loss of 1585 with target of 1700+

AXIS BANK

AXIS BANK made life time high it finished with long bullish candle this week it given close near

channel line pattern according to candle here some more up move is possible but it may not

looking sustainable and come down so be cautious firstly wait if after made new high if it give

correction than make short with stop loss of life time high

HDFC BANK

HDFC Bank finished with positive candle on weekly chart it is also forming in cannel line so at

upper side it will face resistance around 932 so as compare to long position short is good

because here stop loss will be short at 935 otherwise it will be buy in decline around 895 with

stop loss of 885 with target of 915+

YES BANK

Yes Bank was outperformer in Banking space after announce Q2 number it made new life time

high and finished with long bullish candle on weekly chart while in this week overall it given

around 9-10% rise Know be cautious because market in overbought zone so buy in decline it

has weekly resistance of 715-740 and support at 640-595

BANK OF BARODA

After a long consolidation Bank of Baroda given huge bounce back and finished with long

bullish candle for that it finished with long bullish candle on weekly chart know 945 will be

trend decider for BOB if it cross this level and maintain it then long it with stop loss of 925

with target of 980-1000+

Page 7: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

BANK OF INDIA

Bank of india showed a green candle this week following the index now from here more upside

moves can be seen, a very strong resistance level can be 305, if closes below the level then more

upside moves can be seen here, formed green candle which indicates some buying pressure

also .

CANARA BANK

Canara bank showed some upward moves, also last week it is closed with a hammer formation

candle, which shows some bullish moves are possible in the stock this week, from here 335 is

very good support for the stock and for upper level 430 is very good resistance for the stock but

overall buying is recommended in the stock for this week.

PNB

PNB also closed with a hammer candle this week, now from here there are possibilities for the

stock that it will face some upward moves taking strong resistance of 930, if the level is crossed

then we can see a long bullish rally in the stock and below 835 is good support.

IDFC

IDFC is moving in upward move from last two weeks, while on weekly chart it also closed with a

green candle, here 135 is very good support for the stock which is faced by the stock last week,

more selling is possible below this, weekly support is 147-137 and resistance 163-169.

LICHSGFIN

LIC Housing Finance was also looking strong from here on weekly chart and formed a big green

candle, and it may show some more buying if it will close above last week’s high this week,

support of this week are 329-315 and resistance 351-359.

UCO BANK

UCOBANK this week shown a big green candle, now it may possible to some more correction

and on EOD chart it current closing is looking good for buying but target will only 7-9 point to

the current closing , and 93 is very good resistance for the stock while weekly support is 82-78

and resistance 88-90.

SYNDICATE BANK

The stock has given a green candle this week, looking very strong ahead, so more buying is

expected in the stock from lower level, here good support and resistance level for the stock are

118-110 and 130-134.

ORIENT BANK.

Oriental bank is good in banking stocks, it has given a green candle this week now from here

positive moves can be seen in the banking sector ,so buying is suggested in the stock on dips,

good support level for the stock is 253, below this level a very good selling can be seen in the

stock.

Page 8: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

METAL SECTOR

TATASTEEL

TATASTEEL in this week made a green candle, from here if closes above the level of 503 then

more upside moves can be seen, otherwise buying on dips is recommended in the stock, good

support and resistance are 460-429 and 508-525.

HINDALCO

HINDALCO this week closed with a big bullish candle, channel line breakdown can be seen in

the stock and now from here 166 is very good resistance level for the stock if closes above,

then targets up to 180 can be seen in the stock. Good support and resistance for the stock are

151-138 and 171-178.

SSLT

SSLT outperformer in METAL sector it has shown some up moves this week, 272 is very good

level for selling and if this level is crossed then buying position can be taken, good support

and resistance levels for the stock are 236-224 & 257-266.

SAIL

This week SAIL made a high of 83.50 made a hammer, and for forward 89 is very good

resistance level for the stock, if broken good targets can be seen from here. Support and

resistance for the stock are 80-78 and 84-86.

JSWSTEEL

JSWSTEEL was performing really good in this upward rally now, this week it close in green

candle and shown some strong moves but it has good support zone around 1110 sell below if

closes below this level otherwise buy on decline.

JINDALSTEEL

JINDALSTEEL is taking strong moves here, this week closed with a green candle made a high

of 163 and now 164 is good resistance level, buying above this level is recommended in the

stock, good support and resistance levels for the stock are 150-139 and 168-175.

Page 9: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

OIL & GAS SECTOR

RELIANCE

In Reliance industries this week given huge bounce back from lower level and close around

1004 we suggest here continue to hold this stock for the target of 1045 + if it close above 1047

then it nonstop go for the 1071-1100 +..

ONGC

ONGC in weekly chart it has good support around 390-392 and this week it close around 406

buy on decline here best buying around 400 + keep stop loss of 390 below on closing basis

upside it will be go for 422 +.

CAIRN

In CAIRN INDIA LTD after few week fall now it tacking support of 272-275 and close around

286 with this same stop loss tack buy position and wait for upside move it will be go for 302-

311 +..

GAIL

GAIL in this weekly outperformer in OIL&GAS sector this week we saw here huge rely it made a

life time new high of 553 and close around 531.7 more upside move possible buy on decline

strategy here ….

BPCL

BPCL this week close with new life time high of 727 buy on decline strategy here upside target

of 751 hold your buy position and wait for target...

Page 10: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

PHARMA SECTOR

SUNPHARMA

In this week SUNPHARMA given the sharp bounce back from lower level it taken good support

around 788 and close around 847 hold your buy position for the upside target of 874 and

more...

LUPIN

LUPIN this week it close with red note it made a high of 1420 and low of 1327 tack fresh buy

above 1421 with 1400 stop loss upside it will be for new life time high ...

CIPLA

CIPLA in weekly outperformer in PHARMA sector it made a new life time high of 674 and

close around 669 now it trading in overbought zone so be conscious on higher level buy on

decline strategy here....

RANBAXY

In weekly chart of Ranbaxy Lab it tangle formation breakout above 642 and it has good

support around 612 upside it will be made new life time high shortly….

DR.REDDY LAB

On weekly chart Dr reedy now finally find support of 2940 and after result it recover from

lower level it close around 3178 buy on decline strategy we expect here new life time high in

upcoming days…

BIOCON

BIOCON in weekly it looking weak it close around 451it break the trend line support level of

485 sell on rise strategy here more downside move possible.414-427…..

AUROPHARMA

AUROPHARAM nonstop follow upside tend hold position and wait for the more upside target

and buy on every correction and wait for new life time high.

Page 11: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

FMCG SECTOR

HINDUNILVR

HUL in weekly chart it close around 739 it made a high of 766.4 and low of 708 so volatile

session in this week so be conscious on higher level buy on decline strategy here….

ITC

ITC in weekly chart looking good for buy, buy on decline strategy good support around 340

and upside resistance around 362-364 above 363 it will be go for 380 +...

GODREJIND

GODREJINDIND finally it find the good support around 282-283 and this week it close with

green note around 302 time to tack buy position and wait for the target of 314-321…

TITAN

TITAN INDUSTRIES this week it made a high of 421.8 but due to result impact it not able to

sustain higher level and close with red note around 393.75 don’t tack buy position wait some

downside correction possible...

Page 12: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

CAPITAL GOOD’S SECTOR

LT

In this week LT made big green candle in weekly chart, And made a high of 1670 and give a

good positive performance in whole capital good sector you can buy on decline for the first

level is 1700 if stock cross this level then LT go up sharply 1776.Good resistance is 1700-

1770 and if cross this level stock goes more upside, Downside support at 1640-1600.

BHEL

BHEL had shown very positive performer in whole capital goods sector.And made a big green

candle in weekly chart, And cross support 245 and made a high of 259 so BHEL buy on

decline with the SL of 245 with the target of 265-275.Support label 245-216 and resistance

label 265-280.

CROMPGREAV

CROMPGREAV made a red candle in weekly chart, and give a negative performance in capital

good sector, but profit booking at lower level and close at weekly high 189. And made a low of

176 and close of 189 if stock cross 192 you can make a new fresh long position for the target

of 210-218 but stock break support 184 you can make a short position for the small profit of

174-170. Good support is 170-160 Good resistances at 220-230.

VOLTAS

Voltas made a green candle in last week and shown long build up at expiry date and cross a

major resistance248. VOLTAS stock last week made a high of 257.70 and close at 252 if stock

maintain the level 248 you can buy above this level Because this level very strong support

level. Support level is 248-219 resistance at 270.

SIEMENS

SIEMENS stock made a green candle in weekly chart. And cross the resistance level 888 but

close the 877 so if stock cross the last week high you can make a buy position. Because stock

cross the888 stock go more upside because this level is very strong support level, so we can

suggest stock cross 888 you can make long position for the target of 920-930. Support level is

845-817 resistance at 920-950.

Page 13: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

POWER SECTOR

NTPC

In this week NTPC showed a green candle this week , bulls can rule over the stock from here,

152 is good resistance level for the stock from here, if closes below this level buying is

recommended in the stock or if sustains at this level then it can some down moves again from

here, but overall buying can be seen.

TATA POWER

In power sector TATA POWER is good performer in the power segment it made a green candle,

and now from here buying is suggested above the level of 93, 96 is good resistance level for the

stock, if crosses this level then more buying can be seen in the stock, good support and

resistance level for the stock are 89-85 and 96-99.

RPOWER

RPOWER in weekly chart we saw good interest of sellers stock facing down 68, but given a

green candle this week, from here 84 is very strong resistance for the stock, if crossed more

upside moves can be seen ahead. Otherwise if sustains this level sell from here, go for long

position.

ADANI POWER

All ADANI groups stocks showing some recovery this week again showing bullish view, also

facing the support of 40 and made a low of 44 with a bullish candle, so from here more upside

moves are expected in the stock, good support and resistance level for the stocks are 45-42 and

50-52.

PFC

PFC is looking good this week closed with a green candle, here may be possible that some

correction of this short rally, so buy above 295 and good support are 272-261 and resistance

are 299-291.above 295 is very strong resistance for the stock.

RECLTD

RECLTD this week in bullish move, has showed a green candle, and now from here more

buying can be seen in the stock this week so buying above the last week’s high is suggested in

the stock, good support and resistance for the sock are 288-273 and 312-321.

Page 14: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

TELECOM SECTOR

BHARTIAIRTL

BHARTI AIRTEL this week it made a high of 417.8 but due to result impact it close with red

note around 401 so be conscious on higher level wait for some time tack buy position sell

below 398 for the target of 385-370 .

IDEA

IDEA in weekly chart looking good for buy side it has good support around 152 buy on

decline and hold position for the target of 176-180 + …

RCOM

RCOM in weekly chart it taken good support around 94-95 and this week close above 100 in

short term it looking good for buy side for the target of 119-+.

TATA COMM

TATACOM in this week it outperformer in TELECOM sector it looking good for more upside

move buy on decline strategy shortly it will be made a new life time high best buying around

395 + keep stop loss of 388 below on closing basis and wait for upside target of 412 +…

Page 15: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

CEMENT SECTOR

ACC

ACC made a green candle in last week and made a of high 1516 and support is very far so we

can suggest you can buy on decline this stock for the level of 1575+ because this is life time

high level. So if stock cross the previous week high price may be stock go more upside ahead.

Good support and resistance level are 1500-1420 and resistance is 1575-1600.

AMBUJACEM

AMBUJACEM create a big green candle in last weekly chart. And made a high 230 and shown

long build up and have a rollover in buying side. So you can buy on decline for the target of

245-250.Supports at 220-204 resistances at 245-250.

INDIA CEMENT

INDIA CEMENT shown bullish seven head in weekly chart and close of week high 113, if stock

cross the previous week high you can buy for the level of 123-135. And in daily chart break

the strong trend line and close above the breakout level so you can create a long position.

Good Support is 107-98.Resistance is123-135.

ULTRATECH CEMENT

ULTERATECH CEMENT very positive performer in whole cement sector and made a big green

candle in weekly chart and close 2573 so if stock cross the last week high you can buy for the

target of 2640-2780. Or if cross the support 2426 wait for support then create a short position.

Good Support is 2426-2330 resistance is 2780-2800.

Page 16: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

REAL ESTATE SECTOR

DLF

Whole real sector was finished with gain this week because of allow FDI investment in Real

Estate company DLF this week again given good bounce back from previous week lows and

finished with 15% gain from lower level know at this level it is not good for buy because DLF

group is waiting for court decision loss related SEBI action on DLF board so in very short it is

good to buy in delivery around at new low level around 99 with return of 20-30% and before

the court decision make distance to DLF,

HDIL

In last week HDIL was looking more weak in realty space but it bounce from last three week

lower level due to positive news for real estate space know 88.50 will be strong resistance for

it while 72-73 will be best support so at higher level sell it use stop loss of 90 and near

support buy it use stop loss of 69.69

IBREALEST

IBREALEST is moving in strong support and resistance zone from last eleven week this week

it was start with gap up but from opening level it faced selling pressure and bounce from near

to our stop loss level since this week it finished near to resistance, so sell at 75-76 use stop

loss of 79 with target of 70-65 below 63 will be breakdown

JPASSOCIATE

After this week closing we may say that it has given breakout above last three week higher

level but it still finished near to resistance level so buy it only above 32 use stop loss of 31

with target of 33.50+ while if it don’t cross 32 then sell it below 31 use stop loss of 32 with

target of 29-28

Page 17: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

TEXTILE SECTOR

ARVIND

Last week ARVIND stock formed green doji candle in weekly chart and shown positive

performer in textile sector, If stock cross the 310 you can buy l for the target of 340 because

stock break the major resistance level is 310 so may be possible stock go more upside ahead.

Support is 287-265 and Resistance 310-342.

CENTURY TEXT

Century textiles made a green candle last week and this week formed big green candle in

weekly chart and show very positive performer in textile sector and made a high of 577. So

stock may be possible go more upside so you can buy above 577 for the target of 640, and

resistance & support level for the stock are 523-490 and 640-653.

GRASIM

GRASIM stock made a very positive performer in weekly chart, and made a high of 3542 and

close near to high. You can buy on decline for the target of 3750 so if stock cross the level you

can create a long position for the target of 3750-3775. Good support and resistance level are

3320-3180. And resistance is 3750-3890.

ABIRLNUVO

ABIRLANUVO stock creates positive hammer candle in weekly chart and made a low of 1640

but make a long position at lower level and made a high of 1707 and close of 1691 so may be

possible stock continue run this uptrend so you can buy on decline for the target of 1741 with

the SL of 1585. Resistance are 1740-1820.And Support is 1585-1540.

Page 18: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

WEEKLY CASH HOT STOCK’S

HCL-INFYS

Since CNX IT index given sharp recover in last week and all heavy weight also finished around

life time high and this stock also sharp bounce from 69 and it also finished with long bullish

candle on weekly chart at 73 so buy it in decline around 69-70 use stop loss of 65 with target of

77-85+

ALEMBIC LTD

From last two week it is facing hurdle at 49.50 while around 41 it is maintain support but it

will be buy only above 50 use stop loss of 44 with target of 60-65+

NCC LTD

This week NCC given breakout of triangle pattern on weekly chart with record volume in this

week it has given around 37-40% return since it hast resistance at 63 so buy it above 63 use

stop loss of 58 with target of 80+

Page 19: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

OTHER

COALINDA

In the weekly chart of COALINDIA clearly selling is seen in last week as it has formed a doji

candle, now It has made a green red candle, and from here some upside moves can be seen

from here, 360 is very crucial resistance, selling below this is suggested, support and

resistance for the stock are 337-323 and 360-370.

ADANIENT

In the weekly chart of ADANIENT closed with a red candle after last week, little bearish moves

will be seen from here, 435 is very good support level which will be tested by the stock, if this

level will be breaked great downside rally will be seen in the stock.

ZEEL

In weekly chart of ZEEL, it made a green candle this week, it made a high of 331.75 which is

also its life time high, tested the a very good resistance level and then again gone for downside,

so this is the good time for entering in the stock for buying position. Below 271 is very good

support level.

SUN TV

This week SUNTV closed with a red candle also formed a doji candle on the daily chart, here

300 is good support level, targets up to 280-270 can be seen in the stock good support and

resistance level for the stock are 296-283 and 328-347.

JUBILANT FOOD

This week JUBLFOOD has given a red candle, from here a downward rally can be seen in the

stock, below 1175 is good support level for the stock as well, so selling is suggested in the

stock below this level, good support and resistance level for the stocks are 1239-1193 and

1315-1345.

Page 20: Weekly news letter for 03.11.2014

Monday, 03rd Nov., 2014 www.3mteam.in

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DISCLAIMER: Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made

herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made

that recommendations contained herein will be profitable or they will not result in losses. Readers using the information

contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is

not guaranteed as to accuracy and completeness. The above recommendations are based on Technical ANALYSIS only.