| TECHNICAL VIEW ON INDIAN EQUITIES | ||||||||
|
SCRIP |
SUPP |
RES |
TRADING CALL |
|||||
| NIFTY- 5362.95 |
5375 |
5455 |
Hold shorts taken at 5365- 75 with a stop at 5400 for a p.t. of 5320- 5340. Go long at the break of 5400 with a stop at 5370 for a p.t of 5450- 60 | |||||
|
5340 |
5535 |
|||||||
|
5320 |
||||||||
| M&M- 765.3 |
764 |
767 |
Short in the 767- 771 range with a stop at 777 for a p.t. of 747- 755 | |||||
|
755 |
771 |
|||||||
|
747 |
785 |
|||||||
| WIPRO- 349.4 |
341 |
351 |
Short at 351- 355 with a stop at 359 for a p.t. of 340- 41 followed by 326- 330 | |||||
|
326 |
356 |
|||||||
| BANK NIFTY- 10426.75 |
10440 |
10600 |
Initiate longs in the 10300- 320 range with a STOP LOSS at 10260 for a p.t. of 10430- 450. Break of 10260, reverse pos. for a p.t. of 10100 | |||||
|
10390 |
10650 |
|||||||
|
10310 |
10700 |
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| ICICI BANK- 956.4 |
945 |
972 |
Hold short pos. initiated at 965- 970 with a S/L at 977 for a p.t. of 945- 948. Break of 977, go long with a S/L at 970 for a p.t. of 993- 95 | |||||
|
924 |
995 |
|||||||
| RIL- 816.15 |
812 |
821 |
Short in the 818- 821 range with a stop at 826 for an initial target of 812 followed by 804- 806 | |||||
|
804 |
846 |
|||||||
|
792 |
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Astrology View
BUY: GREAT OFFSHORE, SBI, ICICI, Tata Motors, United Spirit, Tata Steel, Cairn, Praj industries
SELL: Sterlite
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