NewsLetter for 17-Dec-2018

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY FRETAIL AT 540 555 565 534
FUTURES
BUY BATAINDIA FUT AT 1088 1115 1135 1077

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 10805.45 10688
10560
10402		 10866
10925
11165		 NIFTY IS BACK TO SELL ON RALLY.
BANK NIFTY 26826 26611
26490
26277		 26900
27244		 SELL ON RALLY.
DHFL 216.65 214
200
191
178		 221
229		 SELL ON RALLY.
REL INFRA 291.95 281.55 297
312
341
355		 SELL ON RALLY ; 281.55 IS KEY LEVEL BELOW WHICH STOCK COULD FALL HEAVILY.
VEDL 201.60 196
191
178		 205
212		 STRONG SELL.
TCS 1989.75 1978
1928
1903		 2013
2100		 STOCK COULD RETEST 2100 LEVEL.
SAIL 51.25 49
47
44		 53
58
61		 SELL ON RALLY. WILL TOUCH 41 ON LOWER SIDE.
SBI 289.20 284
278
271
265		 291
296		 STRONG RESISTANCE SEEN AT 296.SELL ON RALLY.
DLF 178.75 175
168
165
161		 182
185
191		 STOCK HAS SEEN A COMEBACK BUT REMAINS RANGEBOUND.
INFOSYS 706.05 677
655
642		 708
720
733		 STOCK REMAINS SELL ON HIGH
TATA MOTORS 166.95 162
153
140		 170
187		 STOCK REMAINS SELL ANYTIME.
BHEL 66.60 64.5
60.5		 67.7
75		 HUGE SELL. EXPECT STOCK TO RETOUCH LOW OF 64. IF 60.5 IS BROKEN EXPECT 34 COMING SOON
TATA STEEL 513.55 493
472		 513
533
544 		STOCK HAS CLOSED BELOW 533. NEED ONE MORE CLOSE BELOW THE SAME TO RETEST 493 LEVEL.
WOCKPHARMA 510.80 500
488
472		 512
530		 SELL ON ALL RALLY. HEADED TOWARDS ITS 5 YEAR LOW OF 336.
ONGC 146.85 141
139
136
133		 144
150		 STRONG SELL NEXT TARGET 125.
ICICIBANK 351.90 348
341		 355
361
366 		STOCK REMAIN BUY ON DIPS.
RELCAPITAL 219.25 212
207
198
184		 222
228
STRONG SELL ONLY BELOW 222.
RELIANCE 1112.20 1104
1068
1055		 1148
1165
1180		 STOCK NEED TO CLOSE 1180 TO REVIVE ITS BULL RUN AGAIN.
YESBANK 180.35 168
156.9
149
146
132		 181
188		 REMAIN SELL ON RALLY.NEXT STRONG SUPPORT AROUND 132. IF BROKEN 108 IS NEXT SUPPORT
MARUTI 7662.15 7550
7380
7211		 7711
7890		 LOOKS EXHAUSTED. SELL ON RALLY
HINDALCO 220.15 216
200
192		 229
234
249 		NEED TO CLOSE BELOW 200 FOR A STEEP FALL
ACC 1497.65 1458
1433
1405		 1503
1524
1555		 STOCK HAS SEEN A STRONG COMEBACK FROM LOWER LEVELS BUT REMAINS SELL ON RALLY.
LT 1411.40 1400
1384
1371
1352		 1441
1478		 STOCK UNABLE TO BREAK PREVIOUS HIGH. SELL ON RALLY.
IBULHSGFIN 792.90 739
694
679
654		 791
834		 SELL ON RALLY.
INDUSINDBK 1603.85 1598
1572
1551
1524
1502		 1613
1640
1677		 SELL ON RALLY.

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
NRBBEARING 215
VINATIORGANICS 1675
BANDHAN BANK 533
NAVINFLUORO 720
LTI 1805
SAIL 52
HINDZINC 273
BEL 84
AUROPHARMA 734
ASHOKLEY 105

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