Technical View on Indian Equities

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

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

Astrology View
BUY: GREAT OFFSHORE, SBI, ICICI, Tata Motors, United Spirit, Tata Steel, Cairn, Praj industries
SELL: Sterlite

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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash