NewsLetter for 20-Apr-2019

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY BALRAMCHINI AT 145 151 155 142
FUTURES
SELL DISHTV FUT AT 37.8 35 34 39

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 11752.80 11693
11641
11603		 11760
11850
11935		 NIFTY CLOSES ABV 11760 ; EXPECT FURTHER MOMENTUS UP MOVE.
BANK NIFTY 30223.40 30110
29703
29156		 30440
30650		 BANKNIFTY NEEDS TO CLOSE ABOVE 30650 FOR FURTHER UPMOVE
DHFL 157.10 143
126
119		 161
178
191		 CLOSED ABV CRUCIAL LEVEL OF 161. EXPECT FURTHER UPMOVE.
REL INFRA 121.50 121
110
103		 130
146.25		 SELL ON RALLY, STOCK NEEDS TO BREAK 121 LEVEL TO SEE IT'S PREVIOUS LOW OF 96.55
VEDL 178.60 170
158
146		 179
185
198		 SELL ON RALLY
TCS 2150.05 2138
2089
2040		 2177
2202
2276		 BUY ON DIPS.
SAIL 57.35 56
53
49		 58
61
63		 SELL ON RALLY
SBI 310.80 308
304
297		 312
317
326		 BUY ON DIPS.
DLF 183.10 175
165
153		 185
195
208		 BUY ON DIPS.
INFOSYS 717.05 708
699
677		 720
733
756		 NEED TO BREAK 708 OR 775 FOR A DIRECTION
TATA MOTORS 236.25 228
217
207		 237
244
252		 SELL ON RALLY
BHEL 76.05 75
72
70		 77
79
81		 SELL ON RALLY
TATA STEEL 543.10 541
533
527		 557
568
581		 SELL ON RALLY
WOCKPHARMA 439.15 436
419
408		 451
466
477		 SELL ON RALLY.
ONGC 160.60 156
150
144		 161
164
173		 SELL ON RALLY.
ICICIBANK 404.40 401
388
381		 410
419
427		 BUY ON DIPS.
RELCAPITAL 151.45 146
139
129		 158
165
181		 SELL ON RALLY.
RELIANCE 1385.95 1372
1347
1322		 1388
1407		 BULLISH.
YESBANK 255.80 255
249
238		 276
288
303		 BUY ON DIPS.
MARUTI 7447.45 7415
7325
7170		 7580
7711
7890		 SELL ON RALLY.
HINDALCO 207.20 200
196
189		 209
214
218		 SELL ON RALLY.
ACC 1699.45 1683
1629
1588		 1707
1723		 BUY ON DIPS.
LT 1360.70 1327
1301
1279		 1389
1404
1427		 BUY ON DIPS.
IBULHSGFIN 800.55 791
782
769		 817
834
877		 BUY ON DIPS.
INDUSINDBK 1764.30 1728
1699
1671		 1777
1819
1845		 SELL ON RALLY.

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
JAICORPLTD 128
MAHSCOOTER 3860
DEEPAKFERT 158
RELAXO 900
RVNL 26
RAYMOND 785
RPOWER 8.5
ESCORTS 775
RELINFRA 122
PNBHOUSING 795

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