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