Sai Ram Shares & Commodities: Analysis: Nifty (Fut) 7280 Follow 7152 SL For Positional Longs On Closing Basis

Om Vigneshwaraya Namah
Om Sriram
Om Sai ram
SAI RAM SHARES & COMMODITIES Head office
Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house 22B-2-1/1, 1st Floor
Eastern street Venkatarama power press road
ELURU - 534001 Power pet
Mobile: Rajesh: 9573399376 ELURU - 534002
1 Town Office: 221376 II Town office: 237326
SRKNIFTY
NSE Certified Technical Analytics
Website: www.tradingcallls.blogspot.com
Email: saladi_elr2@yahoo.com
The Trend is your friend until the end when it bends.

For Private Client Circulation

Technical outlook for 23rd May'14
Analysis: Nifty {Fut} 7280 Follow 7152 sl for positional longs on closing basis

Trading strategy Stop loss Target 1 Target 2 Target 3
Buy above or @ 7278 7259 7299 7304 7309
Sell below or @ 7309 7328 7289 7283 7278
Power buy above or @ 7326 7307 7362 7399
Power sell below or @ 7261 7280 7225 7189
Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Bank Nifty {Fut} 15036.55 Bullish Harami Cross Candle formed in daily charts, Follow 14558 sl for
positional longs on closing basis

Buy above or @ 15046 14964 15145 15170 15195
Sell below or @ 15195 15277 15096 15071 15046
Power short below or @ 14969 15051 14895 14820
Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Mcx gold 27241, Positional traders can hold shorts with stop & reverse 27919 on closing basis

Buy above or @ 27158 27038 27310 27348 27386
Sell below or @ 27386 27506 27234 27196 27158
Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Mcx silver 40976, Bearish Spinning Top Candle formed in Daily charts, Positional traders can hold
shorts with stop & reverse 41208 on closing basis

Buy above or @ 40753 40575 40977 41033 41089
Sell below or @41089 41263 40865 40809 40753
Power buy or @41258 41079 41464 41670
Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Mcx crude oil 6083, Positional traders can hold longs with stop & reverse 6056 on closing basis

Buy above or @ 6073 6055 6089 6093 6097
Sell below or @ 6097 6115 6081 6077 6073

Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Mcx NATURAL GAS 254.7, Positional traders can hold shorts with stop & reverse 263.5 on closing basis

Buy above or @ 252.6 249.9 255.9 256.8 257.6
Sell below or @ 257.6 260.3 254.3 253.4 252.6
Power buy above or @ 260.3 257.6 261.6 262.9
Power sell below or @ 249.9 252.6 248.7 247.5

Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Mcx COPPER 407.45, Positional traders can hold shorts with stop & reverse 410.3 on closing basis

Buy above or @ 406.4 405.2 407.95 408.35 408.7
Sell below or @ 408.7 410 407.2 406.8 406.4
Power buy above or @ 410 408.7 412 414.1
Power sell below or @ 405.1 406.4 403.1 401.1

Om Sriram
Om Sai ram
SRKNIFTY


Analysis: Mcx NICKEL 1150.8, Positional traders can hold shorts with stop & reverse 1153.3 on closing basis

Buy above or @ 1141.2 1133.2 1151.6 1154.2 1156.8
Sell below or @ 1156.8 1164.8 1146.4 1143.8 1141.2
Power buy above or @ 1164.8 1156.8 1159 1153.2
Power sell below or @ 1133.3 1141.2 1127.7 1122
Note: - Follow SL strictly and check weekly analysis for correct decisions for positional trades, there is a
risk of loss in trading

Om Sriram
Om Sai ram
SRKNIFTY


Weekly Analysis for the week 19th to 23rd May'14: TREND S&R

SPOT NIFTY {cmp 7276.4} ABOVE 7209.8 IT WILL FACE RESISTANCE 7556.7 - 7910.4 - 8527.3
BELOW 7209.8 IT WILL FIND SUPPORT 6856.1 - 6509.2 - 6155.5 BULLISH 7090

SPOT BANK NIFTY {cmp 15055.55} ABOVE 14798.68 IT WILL FACE RESISTANCE 15796.37 - 16739.73 - 17737.42
BELOW 14798.68 IT WILL FIND SUPPORT 13855.32 - 12857.63 - 11914.27 BULLISH 14359
MCX GOLD {CMP 27241} BELOW 28300 IT WILL FIND SUPPORT 27803 - 27517 - 27019
ABOVE 28300 IT WILL FACE RESISTANCE 28586 - 29084 - 29370 BEARISH 27919

MCX SILVER {CMP 40976} BELOW 41499 IT WILL FIND SUPPORT 40248 - 39604 - 38353
ABOVE 41499 IT WILL FACE RESISTANCE 42144 - 43395 - 44040 BEARISH 41208
MCX CRUDE {CMP 6083} ABOVE 6017 IT WILL FACE RESISTANCE 6076 - 6169 - 6229
BELOW 6017 IT WILL FIND SUPPORT 5924 - 5864 - 5771 BULLISH 6056
MCX NATURAL GAS {CMP 254.7} BELOW 261.9 IT WILL FIND SUPPORT 254 - 248 - 240
ABOVE 261.9 IT WILL FACE RESISTANCE 268 -276 - 282 BEARISH 263.5
MCX COPPER {CMP 407.45} BELOW 413.2 IT WILL FIND SUPPORT 406.3- 402.4 - 395.5
ABOVE 413.2 IT WILL FACE RESISTANCE 417.1 - 424 -427.9 BEARISH 411.3
MCX NICKEL {CMP 1150.8} BELOW 1166.1 IT WILL FIND SUPPORT 1052.2 - 986.8 - 872.9
ABOVE 1166.1 IT WILL FACE RESISTANCE 1231.5 - 1345.4 - 1410.8 BEARISH 1153.3

Om Sriram
Om Sai ram
SRKNIFTY


Analyst Certification:-
The following analyst(s), who is (are) primarily responsible for this report, certifies that the opinion(s) on the subject security (ies) and
any other views or forecasts expressed herein accurately reflect his/her personal view(s) about the subject company or companies and its
or their securities, and that no part of his compensation was, is or will be directly indirectly related to the specific recommendations or
views contained in this research report. Opinions expressed are his current opinions as of the date appearing on this material only. The
analyst(s) of this report personally is not holding any stock position for the recommended stocks.

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on basis of this report.
SAI RAM SHARES & COMMODITIES
Branch: Head office:
7-D-43, Beside Shri Madupalli Mohana Gupta house 22B-2-1/1, 1st Floor
Eastern Street Venkatarama power press road
I Town Office: 221376 II town Office: 237326
Rajesh.Saladi
Technical Research Analyst
Email: Rajesh.saladielr2@gmail.com
For updates follow @ www.twitter.com/rajeshsaladi & www.facebook.com/srknifty

Sai Ram Shares & Commodities: Analysis: Nifty (Fut) 7280 Follow 7152 SL For Positional Longs On Closing Basis

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Om Vigneshwaraya Namah

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