TECHNICAL CALL 9 9
Market Review: Bank Nifty:
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- Bank Nifty faces immediate resistance around the 28270 levels on - Indian Market rose for a third straight trading session on Tuesday
the upside and on a decisive close expect rise to 28420/28720 levels. g g Easing global trade war worries and expectations of more stimulus
There is an Immediate support at 27940/27760 levels. u u measures by the government boosted sentiment. A huge dividend
from the Reserve Bank of India (RBI) to the government also A
A supported buying. The index, the S&P BSE Sensex, rose 147.15 points
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or 0.39% to 37,641.27. The Nifty 50 index rose 47.50 points or 0.43% 8
8 to 11,105.35. 2
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Nifty Technical Outlook r
r Nifty is expected to open on flattish note and likely to witness side o
o way move during the day. Technically, The Nifty closed above 11100
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pyschological mark indicates relief sign. Momentum indicator such as l
l RSI is showing a positive crossover from oversold zone indicates l
l some potential upmove in near term. Going ahead Nifty is likely to a
a carry its positive momentum towards 11140/11200. On the flip side C
C 11040/10970 may act as a support levels. Overall view is sideways.
Trade the calls with strict stop loss. g
g Action: Nifty has an immediate resistance placed at 11120 and on a n
n decisive close above expect rise to 11140/11200 levels i i
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r Stocks With Positive bias Stocks With Negative bias
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BATAINDIA,BAJAJAUTO,TITAN MINDTREE, BHARTIARTL, M M INDIGO
Page 1 of 5 AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST VIKAS SALUNKHE ([email protected]) SWATI HOTKAR ([email protected])
TECHNICAL CALL 9 9
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- Nifty 50 stocks: SUPPORT / RESISTANCE LEVEL g g Name CLOSE S2 S1 Pivot R1 R2 Name CLOSE S2 S1 Pivot R1 R2
u INFRATEL 245.1 240.2 242.6 245.3 247.7 250.4 u NIFTY 11105.3 11000 11070 11100 11140 11200
BANKNIFTY F 28116.5 27760 27940 28090 28270 28420 INFY 784.7 773.1 778.9 786.9 792.7 800.8
A A
IOC 125.8 123.3 124.5 126.3 127.5 129.3 - - ADANIPORTS 372.1 364.3 368.2 371.2 375.1 378.2
ITC 245.5 241.2 243.4 244.8 247.0 248.4 8 8 ASIANPAINT 1599.5 1575.5 1587.5 1597.5 1609.4 1619.4 JSWSTEEL 213.4 209.9 211.6 214.6 216.3 219.3
2 AXISBANK 683.0 670.0 676.5 687.0 693.5 704.1
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BAJAJ-AUTO 2766.5 2716.7 2741.6 2770.0 2794.9 2823.3 KOTAKBANK 1501.6 1478.0 1489.8 1506.3 1518.1 1534.6 r
r BAJAJFINSV 7126.5 7007.5 7067.0 7154.5 7214.0 7301.5 LT 1357.0 1323.9 1340.4 1360.2 1376.7 1396.5 o
o BAJFINANCE 3357.8 3307.4 3332.6 3365.3 3390.5 3423.2 M&M 554.1 538.0 546.0 552.5 560.5 567.0 f
f MARUTI 6277.8 6207.3 6242.5 6291.3 6326.5 6375.3
BHARTIARTL 348.3 330.3 339.3 353.8 362.8 377.2 l
l BPCL 342.3 329.1 335.7 340.9 347.5 352.6 NTPC 123.2 117.7 120.4 122.9 125.7 128.2
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BRITANNIA 2685.9 2452.4 2569.2 2646.7 2763.5 2841.0 ONGC 125.6 121.8 123.7 125.1 127.0 128.3
a a
CIPLA 465.4 453.2 459.3 464.6 470.7 476.0 POWERGRID 206.6 200.0 203.3 206.3 209.6 212.7 C
C RELIANCE 1274.9 1249.9 1262.4 1273.7 1286.2 1297.5
COALINDIA 191.9 186.5 189.2 191.7 194.4 197.0
SBIN 285.7 280.0 282.9 285.4 288.3 290.8 g g DRREDDY 2540.7 2501.3 2521.0 2552.5 2572.2 2603.7
16303. SUNPHARMA 416.8 408.8 412.8 419.1 423.1 429.5 n
n EICHERMOT 15995.4 15202.7 15599.0 15907.4 7 16612.1 i i TATAMOTORS 120.4 108.3 114.3 117.9 123.9 127.5 GAIL 130.2 124.5 127.4 129.4 132.3 134.3
TATASTEEL 350.9 334.0 342.5 348.6 357.0 363.1 n
n GRASIM 724.0 702.7 713.3 731.5 742.2 760.4 r r TCS 2236.5 2200.9 2218.7 2246.8 2264.6 2292.6 HCLTECH 1093.1 1049.4 1071.3 1085.6 1107.5 1121.8
TECHM 676.4 663.2 669.8 679.8 686.4 696.5
o o HDFC 2174.3 2126.5 2150.4 2168.6 2192.5 2210.6 TITAN 1123.7 1086.7 1105.2 1117.7 1136.2 1148.6
HDFCBANK 2260.0 2224.9 2242.4 2257.7 2275.2 2290.5 M M ULTRACEMCO 4135.7 3971.4 4053.6 4148.3 4230.4 4325.1 HEROMOTOC O 2614.5 2554.7 2584.6 2611.3 2641.2 2667.9 UPL 556.0 540.4 548.2 560.7 568.5 581.0 HINDALCO 181.2 175.7 178.5 180.5 183.2 185.2 VEDL 138.1 133.2 135.7 137.3 139.8 141.4 HINDUNILVR 1861.4 1817.1 1839.2 1864.1 1886.3 1911.2 WIPRO 250.1 245.1 247.6 249.6 252.1 254.2 IBULHSGFIN 471.5 447.9 459.7 479.8 491.6 511.6 YESBANK 64.5 61.3 62.9 64.1 65.7 67.0 ICICIBANK 418.6 407.5 413.1 416.8 422.3 426.0 ZEEL 363.8 357.5 360.6 364.1 367.2 370.7 INDUSINDBK 1386.1 1334.6 1360.3 1381.0 1406.8 1427.5 Source: Nirmal Bang Research Page 2 of 5 AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST VIKAS SALUNKHE ([email protected]) SWATI HOTKAR ([email protected])
TECHNICAL CALL 9 9
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- Technical call updates -
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A Stock Name (Buy/Sell) Entry price Targets Stop Loss Duration Status
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IBULHSGFIN FUT SELL 476.4 450 488 STBT OPEN
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TECHNICAL CALL 9 9
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