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TOP GAINERS:
NIFTY FUTURE
JINDALSTEL BY
6.90%
GAIL BY
Call: SHORT
CMP: 8159.3
Initiation Level: 8180
Book Profit (Level 1):
4.76%
HINDALCO BY
4.69%
8100
BHEL BY
4.57%
PNB BY
4.33%
8000
Stop Loss: 8300
Conviction Level;
moderate risk
Reason: CORRECTION
TOP LOSERS:
DR.REDDY BY
0.99%
GRASIM BY
0.53%
HINDUNILVR BY
0.06%
SUNPHARMABY
0.01%
HDFC BY
0.01%
Technical commentary
Today nifty ware gap up opens at 8126.45, after consolidation took a low of 8084.95 then nifty upward to
take support of 8100, close at 8159.30.Nifty advances 1075, declines 131 unchanged 23.
Indicators MADC and RSI are down form over bought zone so nifty should short on rise to 8000.
Basis on indicators and pattern it should correct till range 8100-7800.
So recommendation for nifty to sell on rise to 8180, 8000 sl 8300.
TOP GAINERS:
CANBANK BY
6.99%
YESBANK BY
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 18500
Book Profit (Level 1):
18000
5.48%
BANKBARODA BY
5.12%
ICICIBANK BY
4.35%
PNB BY
4.17%
Technical commentary
Today Bank nifty ware gap up opens at 18349.9 then took support of previous high, continual upward, close
at18424. Today in bank nifty all bank are positive.
Indicators MADC and RSI are in over bought zone so Bank nifty should short on rise to 18000.
Basis on indicators and pattern it should correct till range 17500-17000.
So recommendation for Bank nifty to SELL on rise to 18500-18000 sl .18800.
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