NewsLetter for 27-Oct-2020

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY TATAELXSI AT 1690 1750 1780 1675
FUTURES
SELL BAJAJFINSV FUT AT 5710 5550 5450 5760

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 11889.40 11660
11628
11564
11452		 11888
11940
12000
12031		 STRONG SUPPORT AT 11660. IF IT CUTS & CLOSES BELOW 11660,
THEN NIFTY TOP OUT WOULD BE CONFIRMED AND NEXT RALLY ONLY ABV 12031 ZONE. TILL THEN SELL ON ALL RALLIES.
BANKNIFTY 24769.50 23835
22990
22520		 24600
24890
25235
26000		 INTERMEDIATE TOP MADE AT 24890. FURTHER UPMOVE ONLY ABV 24890. TILL THEN SELL ON ALL RALLIES.
HDFC 2041.35 2022
1990
1959
1926		 2105
2137
2170		 BUY ON DIPS
HDFCBANK 1233.10 1200
1178
1157
1123		 1248
1265
1303		 SELL ON RALLY
VEDL 102.50 102
99
96
92		 111
114
118		 MULTIPLE STRONG SUPPORT AROUND 92
TCS 2630.15 2639
2590
2560		 2705
2730
2777		 SELL ON RALLY
ITC 167.20 165
163
158
153		 170
173
176
179		 SELL ON RALLY
SBI 194.65 195
191
187		 201
205
210		 SELL ON RALLY
DLF 165.10 166
160
154		 177
182
186		 BUY ON DIPS
INFOSYS 1090.85 1105
1088
1063
1032		 1144
1163
1189
1202		 SELL ON RALLY
TATA MOTORS 135.65 130
126
123
120		 137
141
145
149		 BUY ON DIPS
BHEL 29.65 28
27.3
26.4

25		 30
31
32
34		 SELL ON RALLY
TATA STEEL 411.00 404
398
388		 420
433
441
452		 BUY ON DIPS
HINDUNILVR 2176.70 2135
2088
2057
2015
1980		 2200
2222
2268		 SELL ON RALLY
ONGC 66.85 66.5
65.5
60.8		 71
73
75		 HUGE SUPPORT AT 65.5; IF CUT EXPECT STEEP FALL
ICICIBANK 409.95 400
387
374
367		 422
431
444		 BUY ON DIPS
BAJFINANCE 3453.25 3270
3220
3180
3120		 3350
3400
3470
3530		 SELL ON RALLY
RELIANCE 2034.50 2005
1992
1975
1954		 2060
2090
2125
2171
2202
STRONG SUPPORT IN ZONE 1975-2000
AXISBANK 508.10 482
473
463		 499
508
518		 SELL ON RALLY
MARUTI 7158.40 6980
6780
6700
6610		 7175
7240
7350		 BUY ON DIPS
HINDALCO 174.45 168
164
161		 175
178
182		 SELL ON RALLY
ACC 1683.85 1558
1523
1489		 1588
1612
1650
1682
1707		 BUY ON DIPS
LT 981.95 936
925
905		 970
988
1005		 BUY ON DIPS
IBULHSGFIN 147.90 144
137
127
123		 159
162
166		 STRONG SUPPORT AT 144. IF IT CUTS & CLOSES BELOW 144 THEN EXPECT BIG SLIDE.
INDUSINDBK 614.00 598
592
573
558		 620
633
641
651		 STRONG SUPPORT AT 592.

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
ASTRAZEN 4370
PFIZER 5180
ZYDUSWELL 1890
POLYCAB 950
UPL 440
TVSMOTORS 435
BANDHANBANK 305
SUNPHARMA 480
HEROMOTOCO 2930
BIOCON 407

DELIVERY BUZZER

SCRIP VOLUME PERCENT DELIVERY DIRECTION
DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the ScriP