HEY! Bulls are in attack!

Dear All,

 

Tomorrow market will open on positive note as there were 3 days holidays for the market. But, due to profit booking market may fall down to 5910 level again in a day, this level we can say crucial support also. Overall market will remain bullish for a day. Bank nifty will perform good through out the day, as it performed on last Thursday -:)

 

Considering a week, market will move in the range of 5850 - 6100, looking at weekly chart we can conclude, no down side move will be possible at the movement. 

 

There will be slightly profit booking in IT Industry as of now all the stocks are at High Levels with High volumes. Because of profit booking this will show  5 - 7% down side retracements for particular stocks over the week.

 

Nifty Support: 5910 - 5855 - 5795

Nifty Resist: 5995 - 6033 - 6069

 

Intra day Stocks: 

1. Graphite Ind: Short Position, Bearish Kicker  

F & O Stocks:

1. Asian Paints: Short Position, Bearish Kicker
2. BhartiArtl: Long Position, Flag Breakout
3. Cairn India: Short Position, Bearish Kicker
4. Chennai Petrol: Long Position, Inverted H & S Breakout
5. Educomp Solutions: Long Position, Key Reversal pattern at bottom
6. HDFC Bank: Long Position, Key Reversal pattern at bottom
7. HeroHonda: Long Position, Bullish Piercing
8. Petronet LNG: Short Position, Bearish Kicker
9. SCI: Long Position, Key Reversal pattern at bottom
10. SBIN: Long Position, Risky Trade
11. Suzlon: Long Position, Bullish Kicker

Delivery Stocks: (Calculate Risk, Target, Time frame, Accurate Price level to buy)

1. Ispat Ind: EMA Strategy (Golden Cross over of 5,13,21)
2. Reliance Ind: EMA Strategy (Golden Cross over of 5,13,21)
3. Sail: Short Term Hold, Inverted H & S breakout
4. Chennai Petrol: Short Term Hold, Inverted H & S breakout

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800