NewsLetter for 18-Feb-2019

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY ABFRL AT 218 227 235 214
FUTURES
SELL PAGEIND FUT AT 22000 21200 20600 22300

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 10640.95 10688

10620
10583
10533		 10788
10866
10925		 SEVERAL SUPPORT AT LOWER LEVELS LIKE 10620,10583 AND 10533. NIFTY NEEDS TO BREAK 10533 AND CLOSE BELOW FOR FURTHER SELLING PRESSURE UNTIL THEN RANGEBOUND.
BANK NIFTY 26654.25 26900
26611
26490		 27244
27552
27875		 BANK NIFTY NEEDS TO BREAK 26441 AND CLOSE BELOW THAT UNTIL THEN EXPECT RANGEBOUND.
DHFL 128.85 119
113
102		 135
143
158		 SELL ON RALLY.
REL INFRA 123.15 103
98
92		 127
139
152		 THE STOCK IS AT 21 YEARS LOW.TOUGH FOR STOCKS TO RECOVER AFTER SUCH HAMMERING EXPECT FURTHER SELL ON RALLY.
VEDL 148.00 146
141
135		 158
169
178		 STRONG SUPPORT AT 146. IF CUT EXPECT FURTHER SLIDE.
TCS 1970.30 2028

1995
1961		 2089
2100
2136
RANGE BOUND.
SAIL 44.45 44
41		 47
49
53		 SELL ON RALLY. WILL TOUCH 41 ON LOWER SIDE.
SBI 259.95 261
255
246		 271
278
284		 STRONG SELL.A BREAK OF 246 WOULD TAKE STOCK TO FURTHER LOW AND RETEST 232 LEVEL.
DLF 156.00 153
147
142		 165
168
175
182		 STOCK HAS TO BREAK 142 FOR A STEEP FALL.
INFOSYS 741.05 733
720
708
756
775
788		 STOCK REMAINS BULLISH.
TATA MOTORS 162.90 155
143
129		 166
178
187		 STOCK REMAINS SELL ANYTIME.
BHEL 61.15 58
56
53
49		 64.5
67.7
70		 HUGE SELL. EXPECT STOCK TO RETOUCH LOW OF 64. IF 60.5 IS BROKEN EXPECT 34 COMING SOON
TATA STEEL 465.55 465
434
416		 493
513		 STOCK REMAINS SELL ON ALL RALLY.
WOCKPHARMA 389.60 391
378		 408
436
451
472		 SELL ON ALL RALLY. HEADED TOWARDS ITS 5 YEAR LOW OF 336.
ONGC 137.10 134
129
125		 141
144
150		 STRONG SELL NEXT TARGET 125.
ICICIBANK 338.75 341
336
328		 352
366
372
388		 STOCK HAS IMP SUPPORT AT 336. IF BROKEN THEN IT WILL FALL HEAVILY.
RELCAPITAL 152.85 139
129
121		 153
160
181
EXPECT A BOUNCEBACK.
RELIANCE 1220.10 1240
1201
1188
1160
1262
1288		 STOCK IS ABOVE 1165 LEVEL UNTIL THEN IT WILL REMAIN BULLISH.
YESBANK 213.55 214
202
198		 235
245		 EXPECT BOUNCEBACK TO CONTINUE.
MARUTI 6842.70 6800
6500		 7000
7170
7325
7415		 STRONG SELL COULD RETEST 6500 LEVELS AGAIN
HINDALCO 184.55 186
182		 189
196
200
209		 SELL ON RALLY.
ACC 1331.70 1339
1303		 1371
1405
1433
1458		 STOCK HAS SEEN A STRONG COMEBACK FROM LOWER LEVELS BUT REMAINS SELL ON RALLY.
LT 1244.50 1233
1221
1201		 1257
1279
1327		 STOCK WILL CONTINUE TO SELL.
IBULHSGFIN 623.50 640
628
599		 679
692
728
SELL ON RALLY.
INDUSINDBK 1517.00 1501
1478
1452
1426		 1555
1572
1598		 STRONG BUY ON DOWNSIDE.

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
BAJAJELEC 441
BDL 239
INOXLEISURE 260
ELECTHERM 170
COFFEEDAY 281
LUPIN 783
CENTURYTEX BELOW 705
JSWSTEEL 270
HINDALCO 189
BANKBARODA 102

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