NewsLetter for 13-Nov-2018

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY DALMIA SUGAR AT 108 115 119 105
FUTURES
SELL TATAMOTORS FUT AT 187 182 179 189

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 10582.50 10402
10290
10198
10500
10605
10688
NIFTY WOULD REMAIN IN RANGE. AND COULD SEE FURTHER BOUNCE BUT 9949 ON DOWNSIDE REMAINS KEY AND 10605 REMAINS IMPORTANT LEVEL ON UPSIDE.
BANK NIFTY 25768.60 25371
25080
25702
25915
26277
BANK NIFTY HAS MADE DOUBLE TOP AT 25915 LEVEL. NEEDS TO BREAK THE SAME FOR FURTHER RALLY.
DHFL 237.20 229
221
214
200
244
253
261
SELL ON RALLY.
REL INFRA 357.05 341
312
297
281.55
355
374
383
STOCK NEED TO CLOSE BELOW 281.55 FOR TWO CONSECUTIVE DAYS.
VEDL 205.60 200
196
205
212
218
NEED TO CLOSE BELOW 200 FOR HUGE SELLOFF
TCS 1934.95 1903
1870
1826
1799
1954
1992
STOCK TO REMAIN RANGEBOUND TO NEGATIVE.
SAIL 64.75 63
61
58
53
67.25
70
75
SELL ON RALLY. WILL TOUCH 53.
SBI 278.05 278
271
263
285
288
291
301
STRONG BOUNCE FROM 246 LEVEL.EXPECT RANGEBOUND MOVEMENT
DLF 171.40 168
156
151
147
175
182
185
SELL ON RALLY.STRONG SELL BELOW 134. IF BROKEN HEADED FOR 101.
INFOSYS 665.70 652
642
634
620
688
703
SELL ON RALLY.
TATA MOTORS 179.50 170
162
140
194
200
207
STOCK WOULD REMAIN RANGEBOUND TO SELL
BHEL 68.70 67.7
64.5
60.5
75 HUGE SELL. EXPECT STOCK TO RETOUCH LOW OF 64. IF 60.5 IS BROKEN EXPECT 34 COMING SOON
TATA STEEL 589.20 568
557
544
533
596
605
STOCK NEED TO CLOSE BELOW 533 FOR TWO CONSECUTIVE DAYS.FOR FURTHER ANY TRADE
WOCKPHARMA 527.70 559
544
530
583
600
SELL ON ALL RALLY. HEADED TOWARDS ITS 5 YEAR LOW OF 336.
ONGC 156.50 153
150
144
156
161
RANGE BOUND.
ICICIBANK 360.90 346
342
333
355
361
366
STOCK WILL BE FRESH BUY ONLY IF 366 IS BROKEN.
RELCAPITAL 259.55 255
247
234
225
212
275
284
STRONG SELL ONLY BELOW 222.
RELIANCE 1099.45 1069
1025
1001
1104
1165
1180
IF 1025 ITS RECENT LOW IS BROKEN THEN STOCK COULD FALL TO 909 LEVEL OR STOCK NEED TO BREAK 1180 TO SEE A BOTTOM BEING FORMED.
YESBANK 225.45 224
218
207
231
235
244
REMAIN SELL ON RALLY.
MARUTI 7150.45 6695
6681
6605
6492
7211
7380
7550
REMAIN SELL ON RALLY.
HINDALCO 231.55 229
216
200
192
234
249
255
NEED TO CLOSE ABOVE 249.
ACC 1457.20 1433
1405
1458
1503
1524
STOCK HAS SEEN A STRONG COMEBACK FROM LOWER LEVELS BUT REMAINS SELL ON RALLY.
LT 1391.10 1362
1339
1292
1266
1250
1384
1400
STOCK HAS CLOSED ABV 1292. NOW NEED TO SEE TWO CONSECUTIVE HIGHER CLOSE FOR FURTHER RALLY.
IBULHSGFIN 841.95 834
791
779
888
919
SELL ON RALLY.
INDUSINDBK 1485.55 1445
1421
1393
1375
1498
1521
BOUNCE BACK SEEN FROM LOW OF 1333.COULD RETEST 1572 LEVEL.

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
FRETAIL 508
BALRAMCHINI 115
GUJFLUORO 905
INSECTICIDE 480
POWERGRID 188
SREINFRA 37
BHARTIARTL 296
SAIL 66
HEROMOTOCO 2840
ADANIPORTS 329

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