CNX-NIFTY--A TECHNICAL VIEW--1-3-2016

CNX-NIFTY

Closed at 6987.05 on 29-2-2016 (Open-7050.45/High-7094.60/Low-6825.80)

Support:-6960.65/ /6869/6825/6638.55/6432.70/6357.10/6338.50/6300/6275/6129.

Resistance:- 7021/7030/7118.85/7204.65/ 7241.50/ 7252.40/7295/7350.30/7422/7512.55/7539.50/ 7551.05/7563.55/7589.50/7600.45/7667/7678/7691.20/7714.15/7723.85/7840/7863/7938.45/7940/7946.35/

 As expected it had huge volatility and wild swing of more than 265 points intra- day today but it closed the day on a weak note and with a loss of 42.70 points, volatility may still continue for some time. Today it broke the double bottom of 6960 which is also the lower band of the weekly range of 6960—7295 (see my post for 29-2-2016) but bounced back to close just above it, furthermore it also broke the bottom of 6869 it made on 12-2-2016 on the bar chart intra-day which is a bad sign. Technically it is already weak, but 6960 will act as a good support till it is taken out again. It is still sell on the rise market now  therefore fresh short trade can be initiated if it goes below 6960 or on the rise but not if it maintains above 7051 on 1-3-2016. The bias is on the downside now therefore it is suggested to avoid long trade completely till it moves above the bear market territory threshold point of 7295 and sustain.  Moving down it will find support at 6960/6869/6825/6775/6722-6710/6685/6638.55/6510/6432.70/6357.10/6338.50 where it could take a breather and bounce for a while as it did today from 6825 point or may give a relief rally from any of these points for a day or two before resuming down move again, so be alert and watchful. Please note that sustained break below 6338.50 can drag it down to unbelievable lower   levels.

For 1-3-2016 sell call can be tried on the rise but not above 7051 with a stop loss of above 7100 or below 6960 with a stop loss of above 7031 for the entire week starting from 29-2-2016 for a target of 6869/6825/6775/6720. Buying is ruled out for now.

 Remark:-It is in long term bear trend. Therefore it is suggested to try sell call as mentioned above and avoid long trade completely as of now. 

 Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

TRADING CALLS FOR 1-3-2016

TRADING CALLS

1.  ADANI PORT.

Sell below -195.45, S/L-197, Target-193.75/184/182/169..

2. AXIS BANK.

Sell below -373.30, S/L-376, Target-369/366.75/361/350.

3. ASIAN PAINTS.

Sell below -841, S/L-847, Target-829/826/784/778.

4. BHARTI AIRTEL.

Sell below-313, S/L-316, Target-308.60/304.45/291.

5. BHARTI INFRATEL.

Sell below-353.70, S/L-357, Target-349/345/341/319.

6. CANARA BANK.

Sell below -156, S/L-158.50, Target-154/146/143/136.45.

7. JET AIRWAYS.

 Sell below-489, S/L-493, Target-477.70/471/453.

   

8. L&T.

Sell below-1076,S/L-1083, Target-1069/1016/965.

9. MAHINDRA & MAHINDRA.

Sell below-1224 S/L-1230, Target-1194/1185/1161.

10. MARUTI SUZUKI.

Sell below -3235, S/L-3250, Target-3193/2902/2856/2760.

                                         Or

Sell near -3320 but not above this,S/L-3335,Target-3299/3248/3193/2902.

11. ONGC.

 Sell below-192.50, S/L-194.50, Target-187.25/175/168.

   

12. STRIDE SHASUN.

Sell below-871, S/L-876, Target-850/843/835/821.

13. WOCKHARDT.

Sell below-760, S/L-766, Target-730/714/705.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

CNX-BANK NIFTY--A TECHNICAL VIEW--1-3-2016

CNX--BANK NIFTY

Closed at 13946.40 on 29-2-2016(Open-13818.90/High-14222.30/Low-13407.25)

Support:-13946/13892.10/13810.60/13519.90/ 13407.25/13414.30/13303.60/13150/12738.60/12514.75/12430.85.

Resistance:- 14120.90/14258/14331.20/14338.65/14344.20/14445/14602.25/14709.10/14754.65/14858.50/15130.35/15136.85/15162.05/15206.30/15300/15522.40/15547.75/15626.90/15682.65/15725.80/15742.05/15762.20/16188.05/16192/16309.70/16587.25/16648.30/16670.55/16741/16824.05/16922.05/16932.50/17067.45.

As expected it had huge volatility and wild swing of more than 800 points intra- day today but it closed the day on a positive note with a gain of 154.95 points, volatility may still continue for some time but it is not good for the market which may please be noted.

 Its Technical setup is very weak and it is already in the bear market territory for a long time now ,therefore it seems that the last two days  rise may fizzle out here also and it may resume down move again tomorrow or in case it rise from here then the possible exhaustion point could be at 14140/14245/14350. It is therefore suggested to avoid long call completely for now and follow sell on the rise strategy till it moves above 14470 and sustain. Moving down it will find support at 13892/13810/13520/13414/13407.25/13303.60/13150-13040/12738.60/12530 where it could take a breather again and bounce for a while as it did today from 13414 point or may give a relief rally from any of these points for a day or two before resuming down move again, so be alert and watchful.  Please note that sustained break below 13303.60 can drag it down to unbelievable lower levels.

For 1-3-2016 sell call can be tried on the rise or below 13790 with a stop loss of above 13900 for a target of 13687/13520/ 13414/13407/13303/13150—13040/12900. Aggressive trader can try sell call below 13890 also with a stop loss of above 13960 for a target of 13810 then as mentioned above.  The possible sell points on the rise could be at 13995--14040/14133/14190--14250/14350—14430. It is suggested to use self defined stop losses for every sell point with the help of resistance level mentioned above to manage your trade better. Buying is ruled out for now.

 Remark:-It is in long term bear trend since 4-1-2016. It is suggested to adopt sell on the rise strategy or as suggested above but long trade should be completely avoided for now. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                     

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-NIFTY--A TECHNICAL VIEW--29-2-2016

CNX-NIFTY

Closed at 7029.75 on 26-2-2016 (Open-7039.30/High-7052.90/Low-6985.10)

Support:- 7021/6960.65/ /6869/6825/6638.55/6432.70/6357.10/6338.50/6300/6275/6129.

Resistance:-7030/7118.85/7204.65/ 7241.50/ 7252.40/7295/7350.30/7422/7512.55/7539.50/ 7551.05/7563.55/7589.50/7600.45/7667/7678/7691.20/7714.15/7723.85/7840/7863/7938.45/7940/7946.35/

It opened with an up gap today but filled the gap during the day and after three days of fall it took a breather today and closed the day with a gain of 59.14 points. Please note that it could witness huge volatility and wild swings on 29-2-2016 because of The Union Budget-2016-17 but any rise has to be sold into at the appropriate points till it moves out of the bear market territory threshold point of 7295 and sustain.

Technically it is weak but it has made double bottom at 6960, so this would act as a good support level. The range for the week starting from 29-2-2016 is between 6960—7295 and breakout on the either side will decide the movement direction for the week, but looking at the overall technical setup it is more likely to give down side break in coming days. Therefore it is advised to structure your trade keeping the above range in mind. Please note that it is already in the bear market and short term trend is also down, therefore it is suggested to avoid long trade for now and follow sell on the rise strategy till it moves above 7295 and sustain. Going up it will face resistance at 7095—7120/7141/7190/7205/7241.50/7252.40/7295.  Moving down it will find support at 6960/6869./6825/6775/6722-6710/6685/6638.55/6510/6432.70/6357.10/6338.50. Please note that sustained break below 6338.50 can drag it down to unbelievable lower   levels.

For 29-2-2016 sell call can be tried on the rise or below 6960 with a stop loss of above 7030 for the entire week starting from 29-2-2016 for a target of 6869/6825/6775/6720/6685. The possible sell points on the rise could be at7095—7120/7141/7190/7205/7241.50/7252.40/7295.  It is suggested to use self defined stop losses for every sell point with the help of resistance level mentioned above to manage your trade better. Buying is ruled out for now.

 Remark:-It is in long term bear trend now. It is suggested to adopt sell on the rise strategy and long trade should be completely avoided for now. 

  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-BANK NIFTY--A TECHNICAL VIEW--29-2-2016

CNX--BANK NIFTY

Closed at 13791.45 on 26-2-2016(Open-13715.10/High-13889.25/Low-13595.20)

Support:-13519.90/ 13414.30/13303.60/13150/12738.60/12514.75/12430.85.

Resistance:- 13810.60/13892.10/14120.90/14258/14331.20/14338.65/14344.20/14445/14602.25/14709.10/14754.65/14858.50/15130.35/15136.85/15162.05/15206.30/15300/15522.40/15547.75/15626.90/15682.65/15725.80/15742.05/15762.20/16188.05/16192/16309.70/16587.25/16648.30/16670.55/16741/16824.05/16922.05/16932.50/17067.45.

It opened on a positive note and after three days of severe fall it took a breather today and closed the day with a gain of 235.70 points. Please note that it could witness huge volatility and wild swings on 29-2-2016 because of The Union Budget-2016-17 but any rise has to be sold into at the appropriate points till it moves above 14470 and sustain.

Technically it is terribly weak on the chart but since it closed positive today ,so it may rise little further from here before it resume down move again. Going up it will face resistance at 13810/13892/13995-14030/14133/14190--14250/14350—14430 and today’s up move may end at any of these points. Similarly moving down it will find first support from its recent bottom of 13519.90 and then at 13414/13303.60/13150-13040/12738.60/12530. Please note that sustained break below 13303.60 can drag it down to unbelievable lower levels. Please note that it is already in the bear market and short term trend is also down, therefore it is suggested to avoid long trade for now and follow sell on the rise strategy till it moves above 14470 and sustain.

For 29-2-2016 sell call can be tried on the rise or below 13680 with a stop loss of above 13750 and if it moves and sustain below 13510 sell for sure with a stop loss of above 13600 for the entire week starting from 29-2-2016 for a target of 13414/13303/13150—13040/12900/12738. The possible sell points on the rise could be at 13810/13892/13995--14030/14133/14190--14250/14350—14430. It is suggested to use self defined stop losses for every sell point with the help of resistance level mentioned above to manage your trade better. Buying is ruled out for now.

 Remark:-It is in long term bear trend since 4-1-2016. It is suggested to adopt sell on the rise strategy and long trade should be completely avoided for now. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                     

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

TRADING CALLS FOR 29-2-2016

TRADING CALLS

1. ACC.

Sell below -1182, S/L-1191, Target-1166/1132.

2. APOLLO HOSPITAL.

Sell below -1426, S/L-1435, Target-1407/1370/1340.

3. ASIAN PAINTS.

Sell below -854, S/L-860, Target-850/836/826/792.

                                        Or

Sell near 882 but not above this, S/L-887, Target-862/859/850/836.

4. BHARTI AIRTEL.

Sell below-317, S/L-319, Target-308.60/300/289.

5. CANARA BANK.

Sell below-159, S/L-161.50, Target-154.50/152.10/146.60/144.25.

6. DIVIS LAB.

Sell below -923, S/L-930, Target-916/883/876/863/837.

7. ITC.

 Sell below-294, S/L-296, Target-289/284/281/273/260.

   

8. MARICO.

Sell below-236.75,S/L-239, Target-234/231.60/226/219.

9. LUPIN.

Sell below-1718 S/L-1726, Target-1693/1680/1660/1630.

10. TATA MOTORS.

Sell below -296, S/L-299, Target-288/279/268/265.80.

  

11. STRIDE SHASUN.

Sell below-871, S/L-876, Target-850/843/835/821.

12. SUN PHARMA.

Sell below-869, S/L-873, Target-849/828.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

TRADING CALLS FOR--- 26-2-2016

TRADING CALLS

1. ACC.

Sell below -1196, S/L-1204, Target-1183/1166/1132.

2. ASHOK LEYLAND.

Sell below -85.75, S/L-86.75, Target-84.70/82.75/81.50.

  

3. ASIAN PAINTS.

Sell below -858, S/L-865, Target-850/829/826/811.

4. AUROBINDO PHARMA.

Sell below -582/, S/L-589, Target-556/525/490.

5. AXIS BANK.

Sell below -377.45, S/L-379, Target-373/369/366.75/361.

                                      

6. BANK OF BARODA.

Sell below-129.25, S/L-130.50, Target-126.30/122/118/116.

7. ICICI BANK.

Sell below-181.55, S/L-183.50, Target-175/173/169.

8. ITC.

 Sell below-284, S/L-286.50, Target-281/272/260.

   

9. JET AIRWAYS.

Sell below-501 S/L-505, Target-489/483/471.

10. L&T.

Sell below-1082 S/L-1088, Target-1069/1043/1016.

11. LIC HOUSING FINANCE.

Sell below-388, S/L-392, Target-376/352.

12. MARUTU SUZUKI.

Sell below-3401, S/L-3415, Target-3386/3360/3320/3299.

13. RELIANCE INDUSTRIES.

Sell below-940, S/L-945, Target-929/916/914/912/909/888.

14. STATE BANK OF INDIA.

Sell below-151, S/L-152.50, Target-148.25/145.20/143.20.

15. STRIDE SHASUN.

Sell below-882, S/L-886, Target-850/843/835/821.

16. TATA MOTORS.

Sell below -296, S/L-298.50, Target-279/268/265.80.

17. YES BANK.

Sell below -666, S/L-671, Target-651/631.

  

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

CNX-NIFTY--A TECHNICAL VIEW--26-2-2016

CNX-NIFTY

Closed at 6970.60 on 25-2-2016 (Open-7029.85/High-7034.20/Low-6961.40.)

Support:-6960.65/ 6976.35/6868.85/6638.55/6432.70/6357.10/6338.50/6300/6275/6129.

Resistance:-7021/7118.85/7208.85/7210.85/7226.85/ 7241.50/7295/7350.30/7422/7512.55/7539.50/ 7551.05/7563.55/7589.50/7600.45/7667/7678/7691.20/7714.15/7723.85/7840/7863/7938.45/7940/7946.35/7960/7979.30/7997/8055/ 8065/8091.20/8116.10/8244.

It opened on a positive note but could not hold on and immediately slipped down below the previous day’s low and also closed below it with a loss of 48.10 points. Technically it is already on a weak footing, furthermore it is in the long term bear market and finally it has ended its recent short up move two days back and started declining, so it seems that the fresh down move has begun, therefore long trade is completely ruled out till it moves above 7253 and then 7295 levels and sustains or shows some visible strength at the lower levels. Please note that crossing 7295 mark is of prime importance because it is the bear market territory threshold point and only above this point it could expect some stability. Therefore it is clearly sell on the rise market now, however in between short relief rally cannot be ruled out but those rallies should be utilized for selling. Moving down it will find support at 6960/6869./6825/6685/6638.55/6432.70/6357.10/6338.50, where it could take a breather. Please note that sustained break below 6338.50 can drag it down to unbelievable lower   levels.

For 26-2-2016 sell call can be tried on the rise or below 6960 with a stop loss of above 7040 for a target of 6869/6825/6767/6720. The possible sell points on the rise could be at 7100-7120/7150-7180/7210--7227/7241.50/7295. It is suggested to use self defined stop losses for every sell point with the help of resistance level mentioned above to manage your trade better. Buying is ruled out for now.

 Remark:-It is in long term bear trend now. It is suggested to adopt sell on the rise strategy and long trade should be completely avoided for now. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX- BANK NIFTY-A TECHNICAL VIEW--26-2-2016

CNX--BANK NIFTY

Closed at 13555.70 on 25-2-2016(Open-13844.45/High-13844.45/Low-13519.20)

Support:- 13414.30/13303.60/13150/12738.60/12514.75/12430.85.

Resistance:- 13810.60/13892.10/14120.90/14258/14331.20/14338.65/14344.20/14445/14602.25/14709.10/14754.65/14858.50/15130.35/15136.85/15162.05/15206.30/15300/15522.40/15547.75/15626.90/15682.65/15725.80/15742.05/15762.20/16188.05/16192/16309.70/16587.25/16648.30/16670.55/16741/16824.05/16922.05/16932.50/17067.45.

It opened on a positive note and the open was the high also for the day thereafter it steadily moved down and broke and closed below the yesterdays low with a huge loss of 238.35 points. It is terribly weak technically, furthermore it is already in the long term bear market and finally it has ended its recent short up move two days back and started declining, so it seems that the fresh down move has begun, therefore long trade is completely ruled out till it crosses 14470 levels and sustains or shows some visible strength at the lower levels. It is clearly sell on the rise market now, however in between short relief rally cannot be ruled out but those rallies should be utilized for selling. Moving down it will find good support at 13520/13414/13303.60/13150-13040/12738.60/12530 where it could take a breather. Please note that sustained break below 13303.60 can drag it down to unbelievable lower levels, so be alert and watchful.

For 26-2-2016 sell call can be tried on the rise or below 13519 with a stop loss of above 13600 for a target of 13414/13303/13150—13040/. The possible sell points on the rise could be at 13810—13892/14050/14120/14260—14325/14450. It is suggested to use self defined stop losses for every sell point with the help of resistance level mentioned above to manage your trade better. Buying is ruled out for now.

 Remark:-It is in long term bear trend since 4-1-2016. It is suggested to adopt sell on the rise strategy and long trade should be completely avoided for now. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

                                                                                      

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-NIFTY-A TECHNICAL VIEW--25-2-2016

CNX-NIFTY

Closed at 7018.70 on 24-2-2016 (Open-7075/High-7090.80/Low-7009.75.)

Support:-6960.65/ 6976.35/6868.85/6638.55/6432.70/6357.10/6338.50/6300/6275/6129.

Resistance:-7021/7118.85/7208.85/7210.85/7226.85/ 7241.50/7295/7350.30/7422/7512.55/7539.50/ 7551.05/7563.55/7589.50/7600.45/7667/7678/7691.20/7714.15/7723.85/7840/7863/7938.45/7940/7946.35/7960/7979.30/7997/8055/ 8065/8091.20/8116.10/8244.

It opened with down gap but filled the gap during the day and thereafter steadily moved down and ended the day with a loss of 90.84 points and closed near the low of day. Today’s move almost confirmed that the on-going up move is over for sure and a fresh down move has begun. Therefore buying is ruled out for now and sell on the rise strategy should be adopted till it moves above 7253 and then above 7295 and sustain. Please note that crossing 7295 mark is of prime importance because it is the bear market threshold point. Moving down it will find support at 6960/6869./6825/6685/6638.55/6432.70/6357.10/6338.50, where it could take a breather and give a short relief rally before resuming down move again. Please note that sustained break below 6338.50 can drag it down to unbelievable lower   levels.

It is important to mention here that Rail & Union Budget is approaching, so the market could witness huge volatility and wild swings but since the fresh down move seems to have begun and it is already in the bear market, therefore any up swing should be utilized for selling.  

For 25-2-2016 sell call can be tried on the rise or below 7009 with a stop loss of above 7050 for a target of 6960.65/6869/6825/6767. The possible sell points on the rise could be at 7100-7120/7150-7180/7210--7227/7241.50/7295. The authentic stop loss for short trade on the rise would be above 7325; therefore it is suggested to use self defined stop losses for every sell point with the help of resistance level mentioned above to manage your trade better. Buying is ruled out for now.

 Remark:-It is in long term bear trend now. Since the on-going pullback rally seems to be over therefore long call should be completely avoided now and sell on the rise strategy should be followed.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

TRADING CALLS FOR 25-2-2016

TRADING CALLS

1. ASIAN PAINTS.

Sell below -875, S/L-885, Target-859/852/829

                                       Or

Sell near-882 but not above this, S/L-887, Target-875/859/852/829.

2. AUROBINDO PHARMA.

Sell below -610, S/L-617, Target-604/601/588/556.

3. AXIS BANK.

Sell below -390, S/L-392.25, Target-383/377/373--366.

                                       Or

Sell near-395 but not above this, S/L-397, Target-390/383.25/377/373.

4. BHARAT FORGE.

Sell below-751, S/L-759, Target-746/740/730/720.

5. BAJAJ AUTO.

Sell below-2330, S/L-2341, Target-22270/2251.

6. BHARTI INFRATEL.

Sell below-358, S/L-360, Target-349/345/340..

7. CAIRN INDIA.

Sell below -121.70, S/L-123, Target-117/114/112.75/111/106.

               

8. DR.REDDYS LAB.

Sell below -2996, S/L-3010, Target-2970/2951/2867.

9. HDFC.

Sell below-1018, S/L-1025, Target-1000/975.

10. HDFC BANK.

Sell below -944, S/L-950, Target-936/917/893..

                                    

11. ICICI BANK.

Sell below-188.85, S/L-191.50, Target-185/175.

    

12. JET AIRWAYS.

Sell below-521, S/L-525, Target-514/489/471.

13. L&T.

Sell below-1110, S/L-1118, Target-1101/1092/1082.

13. LUPIN.

Sell below-1764, S/L-1770, Target-1747/1737/1725/1715/1693.

14. LIC HOUSING FINANCE.

Sell below-396, S/L-399, Target-389/376/352.

15. MARUTU SUZUKI.

Sell below-3480, S/L-3490, Target-3461/3386/3360/3320.

16. TATA MOTORS.

Sell below -304.75, S/L-307, Target-301.60/297/279.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade