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NIFTY FUTURE
TOP GAINERS:
TATA POWER BY
3.79%
Call: LONG
BAJAJ AUTO BY
CMP: 7985
Initiation Level: 7970
3.29%
ICICI BANK BY
8050
2.58%
KOTAK MAHINDRA BY
2.36%
HDFC BY
2.24%
ON DEEP
Support: 7900-7600
2.58%
Resistance- 8200-8400
TCS BY
2.55%
VEDANTA BY
2.23
HINDALCO BY
2.06%
HCL TECH BY
2.02%
Technical commentary
Market was looking down, technical as well as fundamentals were down, people were fearing about inflation
data, as expected inflation has also increased, but IIP (Index of Industrial Production) has come more than
expectation, we were expecting it around 2.5% but it has come 5.1%, so it will be a positive move for market
thats why I am expecting market will go up in upcoming week.
0.21%
Stock: BANKNIFTY
Call: LONG
Initiation Level: 17550
Book Profit (Level 1):
17700
Book Profit (Level 2):
18000
Stop Loss: 17300.
Reason: IIP data
Short term Trend: DOWN
TOP LOSERS:
BANK OF BARODA BY
DOWN
1.04%
PNB BY
0.42%
FEDERAL BANK BY
0.15%
HIGH
For Aggressive Traders:
SELL ON RISE AND BUY ON
DIPS
Support: 17300-17000
SBI BY
0.02
Duration: 1-3Days
Technical commentary
Bank nifty future is taking very good support of psychological level 17000 and increased industrial
production is also a good buying indicator for it, so long bank nifty for above mentioned target and stop loss.
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