Technical
based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss
Hourly Candelstick Chart – Nifty fut
|
52 Week High- 5855.60
|
52 Week Low– 4592.40
|
Weekly High – 5755
|
Weekly Low-5637.4
|
|
R 3
|
R 2
|
R1
|
PIVOT
|
S1
|
S2
|
S 3
|
|
5740.68
|
5717.76
|
5691.38
|
5668.46
|
5642.08
|
5619.16
|
5592.78
|
JUSTIFICATION ( Buy
Side & Sell Side )
Nifty fut Buy Above
5680 for the Targets 5700, 5720 & 5750 Stoploss 5640
Nifty fut Sell Below 5640
for the Targets 5615, 5595 & 5550 Stoploss 5680
Nifty future is looking weak on chart. Today’s close i.e.
5650 is good support level. If down side breakout (i.e. 5640) occurs then the
target would be 5615, 5595 & 5550. And If upside breakout occurs (i.e.
5680) then, the target would be 5700, 5720 & 5750 with strictly stop loss of
5640 for buy side and 5680 for sell side.
BUY SIDE STOCKS
FOR 18-10-2012
|
DATE
|
NAME
|
STRATERGY
|
|
18.10.2012
|
RCOM
|
BUY ABOVE 62 TGT 63, 64 & 65 STOPLOSS 61
|
|
18.10.2012
|
RANBAXY
|
BUY ABOVE 552 TGT 557, 562 & 567 STOPLOSS
547
|
RCOM AND RANBAXY are looking good on charts, we
may see up trend to continue in it. The
RSI Oscillators and MACD Oscillators are also in favor side.
SUPPORT & RESISTANCE LEVELS FOR 18-10-2012
|
DATE
|
NAME
|
R 3
|
R 2
|
R1
|
PIVOT
|
S1
|
S2
|
S 3
|
|
18.10.2012
|
WIPRO
|
364.03
|
360.71
|
356.38
|
353.06
|
348.73
|
345.41
|
341.08
|
|
18.10.2012
|
TATASTEEL
|
437.28
|
430.06
|
418.63
|
411.41
|
399.98
|
392.76
|
381.33
|
|
18.10.2012
|
PUNJLLOYD
|
58.93
|
57.26
|
54.73
|
53.06
|
50.53
|
48.86
|
46.34
|
SELL SIDE STOCKS
FOR 18-10-2012
|
DATE
|
NAME
|
STRATERGY
|
|
18.10.2012
|
COALINDIA
|
SELL BELOW 352.5 TGT 349, 346 & 343 STOPLOSS 355
|
|
18.10.2012
|
DRREDDY
|
SELL BELOW 1680 TGT 1670, 1660 & 1650 STOPLOSS 1690
|
|
18.10.2012
|
EDUCOMP
|
SELL BELOW 161 TGT 159, 157 & 155 STOPLOSS 163
|
COALINDIA, DRREDDY AND
EDUCOMP are looking weak on charts, we may see down trend to continue in it. The RSI Oscillators and MACD Oscillators are
also in favor side.
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.
