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Stocks in News
NIFTY & SENSEX
Nifty holds 9500, Sensex closes below 31k for first
time since May 25
Nifty closed at its one month low but managed to
hold its 9500 level, closing lower for the fifth
straight session, whereas the Sensex closed below
31,000 for the first time since May 25. 17 Stocks
in the Nifty50 index closed in green while 34 end-
ed in the red.
PSU BANK STOCKS
Nifty PSU Bank Index down over 3%. Syndicate
Bank (-6%), PNB, Canara Bank (-5%), BoB, An-
dhra (-4%).
Bank Nifty showed weakness for whole trading
session of Tuesday. The index was trading lower
by 320 points or 1.34% at around 23227 level. Ca-
nara Bank and Punjab National Bank were the top
losers in Bank Nifty trading lower by more than
4%. Canara Bank closed at Rs 322.55 lower by
4.9%, while PNB closed at Rs
136 lower by 5.3%
Market Buzz
Shares of Jaypee group companies like Jaiprakash
Associates, Jaypee Infratech and Jaiprakash Power
Ventures rallied over 12% on BSE. Jaypee In-
fratech, and Jaiprakash Assocaites was locked in
upper circuit during the trade. Jaiprakash Power
Ventures surged over 12% at Rs 5.18 per share.
Aviation stocks SpiceJet, Jet Airways and Inter-
Globe Aviation were trading down in the range of
2% to 4%, for the second straight session as some
recovery was seen in crude prices.
Infibeam Incorporation was trading in green as the
company said that its board of directors have ap-
proved the sub division/ split of equity shares of
the company. The stock closed at Rs 1050 higher
by 1.3%.
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Closing Bell
Gainers: IOC, GAIL (+2%), Airtel (+1%).
Losers: BoB, ACC, Zee (-4%).
On the sectoral front, Financials, IT and Auto indices
dragged the markets, while Energy and Telecom end-
ed higher in trade.
While, BSE Mid-cap Index closed down by 0.79% at
14468 whereas, BSE Small-cap Index closed down
by 1.57% at 15141.
Movers and Shakers of the day
Videocon stock climbs 5% after 9.3 lakh shares trad-
ed in two block deals. .
Narayana Hrudayalaya surges 3%, approves
scheme of amalgamation.
BHEL bags EPC order for 15 MW Solar photovolta-
ic power plant. Stock slips 1%.
Tejas Networks makes quiet debut, ends 2% higher
against issue price.
Market Buzz
Gujarat Urja Vikas Nigam (GUVNL) wants to buy
100% equity of Mundra UMPP at Rs 1 instead of
51% as proposed by Tata Power, as per media re-
ports.
Poly Medicure stock surges 11% after winning pa-
tent battle against German company B. Braun Mel-
sungen on IV catheters, as per media reports.
Pioneer Distilleries hits 5% upper circuit after it re-
ceived a subsidy worth Rs 118 Cr from the Govt of
Maharashtra.
Govt says April-May provisional gross tax revenue
up 13.4% to Rs 98,266 Cr on year on year basis, as
per media reports.
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NSE INDEX LEVELS

DAILY LEVELS WITH TREND

NIFTY FUT BANK NIFTY FUT NIFTY IT FUT
TREND BULLISH TREND BULLISH TREND BEARISH

9580 Resistance 1 23300 Resistance 1 10140

Resistance 1
Resistance 2 9640 Resistance 2 23500 Resistance 2 10220

Support 1 9480 Support 1 23040 Support 1 10040

Support 2 9420 Support 2 22900 Support 2 9930
Strategy SELL SELL Strategy SELL
Strategy

NIFTY PRIVATE BANK INDEX NIFTY PSU BANK INDEX NIFTY METAL INDEX

TREND BULLISH TREND BEARISH TREND BEARISH

Resistance 1 13080
Resistance 1 3400 Resistance 1 2910
Resistance 2 13160 3450
Resistance 2 Resistance 2 2950
Support 1 12850 3290
Support 1 Support 1 2860
Support 2 12780 Support 2 3240
Support 2 2810
NIFTY MIDCAP INDEX NIFTY FMCG INDEX NIFTY SERVICES INDEX

TREND BEARISH TREND BULLISH TREND BULLISH

Resistance 1 12450
Resistance 1 4500 Resistance 1 263000
Resistance 2 12520
Resistance 2 4550 Resistance 2 26600
Support 1 12290
Support 1 4420 Support 1 26000
4370 25700 Support 2 12200
Support 2 Support 2

INTERNATIONAL INDICES
INDICES PRICE CHANGE % CHANGE
DOW JONES 21370 10 0.05%
NIKKIE 20225 71 0.35%
HANG SANG 25839 -31 0.12%
DAX 12702 -68 0.55%
FTSE 7429 -17 0.24%
SGX NIFTY 9509 -7 0.08%
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NSE INDEX VIEW

NIFTY

Nifty future is looking bearish on the

charts .In todays trading session Nif-
ty traded with negative movement
and closed with overall loss of 0.79%.
Nifty has breached its important sup-
port mark of 9540 and sustaining be-
low it. In upcoming trading sessions
further down side movement can be
seen in it and it can test down side
levels of 9440 & 9400 if it breaches its
next support level of 9480.

BANK NIFTY

Bank Nifty future is looking bearish

on the charts .In todays trading ses-
sion Bank Nifty traded with negative
movement and closed with overall
loss of 1.39%. Bank Nifty has
breached its support level of 23400
and sustaining below it. In upcoming
trading sessions further down side
movement can be seen in it and it can
test down side levels of 22900 &
22800 if it breaches its next support
level of 23000.

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TECHNICAL RECOMMENDATION

DAILY CHART

STRATEGY & RECOMMENDATION

TVTODAY NSE cash is looking bearish on the charts. Stock has formed H&S price pat-
tern. In up coming session it can test down side levels of 238 & 235 if it breaches its
support level of 241.

Recommendation:

SELL TVTODAY NSE CASH BELOW 241 WITH SL OF 244 & TG 238 & 235.

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TECHNICAL RECOMMENDATION

DAILY CHART

STRATEGY & RECOMMENDATION

ARVIND FUT is looking bearish on the charts . Stock has breached its important support
mark of 365 and sustaining below it. In upcoming trading session it can test down side levels
of 355 & 352 if it breaches the next support level of 358.

Recommendation:

SELL ARVIND FUT BELOW 358 WITH SL OF 361 TG1 355 TG2 352.

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Advice As Pure As Gold Contact: 9826169053 (www.24Cfin.com)
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