NewsLetter for 30-Sep-2022

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY TEJASNET AT 650 685 700 635
FUTURES
SELL INTELLECT FUT AT 515 495 485 525

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 17094.30 16740
16620
16430
17200
17430
17645
17840
VERY VERY STRONG SUPPORT AT 16740 ; IF BROKEN EXPECT FURTHER SELLING PRESSURE.
BANKNIFTY 38631.90 37240
37020
36250
38370
38800
39200
40000
40300
STRONG SUPPORT AT 37020 ; IF BROKEN EXPECT FURTHER SELLING PRESSURE.
HDFC 2287.75 2219
2185
2150
2275
2340
2380
2401
SELL ON RALLY.
HDFCBANK 1421.35 1383
1360
1330
1411
1459
1482
1510

SELL ON RALLY.
VEDL 270.05 258
253
250
267
272
275
283
STRONG RESISTANCE AT 272.
TCS 3004.55 2990
2953
2925
2910
2880
3030
3057
3100
3163
STRONG SUPPORT AT 2926.
ITC 332.20 330
327
323
318
315
340
345
350
BUY ON DIPS.
SBI 530.60 522
518
509
531
550
560
568
579
STRONG RESISTANCE AT 550
DLF 356.70 349
342
336
358
367
375
384
STRONG RESISTANCE AT 358
INFOSYS 1413.45 1355
1330
1298
1400
1414
1460
1497
VERY STRONG SUPPORT AT 1355
TATA MOTORS 404.60 393
390
387
382
376
402
419
431
426
SELL ON RALLY
SAIL 76.75 73.5
71
69
67
77
80
82.5
SELL ON RALLY
TATA STEEL 99.30 94
92.4
90
99
102
104
108
SELL ON RALLY
HINDUNILVR 2696.45 2660
2620
2600
2550
2510
2729
2760
2808
BUY ON DIPS.
TATAPOWER 216.50 212
210
207
221
227
234
240
SELL ON RALLY
ICICIBANK 862.00 831
818
800
872
891
905
912
SELL ON RALLY
BAJFINANCE 7335.75 7080
6950
6850
7200
7320
7440
7570
7720
SELL ON RALLY
RELIANCE 2377.75 2305
2275
2250
2375
2400
2421
2468
2505
SELL ON RALLY
AXISBANK 733.20 702
678
663
722
733
739
760
VERY VERY STRONG SUPPORT AT 702
MARUTI 8828.15 8590
8460
8280
8800
9020
9185
9270
9452
SELL ON RALLY
HINDALCO 390.55 354

348
344
364
367
369
376
379
385 <
SELL ON RALLY
ACC 2415.65 2340
2329
2264
2239
2405
2445
2460
2515
2590
VERY VERY STRONG SUPPORT AT 2329.
LT 1847.70 1818
1790
1773
1900
1925
1957
2002
2040
VERY VERY STRONG SUPPORT AT 1818. BUY ON DIPS.
IBULHSGFIN 118.75 115
111
108
102
123
127
130
134
SELL ON RALLY
INDUSINDBK 1185.20 1128
1116
1097
1180
1215
1239
1260
1305
STRONG SUPPORT AT 1128

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
SBCL 700
JTLINFRA 260
MAZDOCK 455
RITES 320
DIAMONDYD 865
PEL 845
RBLBANK 110
IEX 140
MOTHERSON 106
RELIANCE 2325

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