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Equities I Commodities I Currencies I Mutual Funds
Equity Bazaar
• Nifty traded unpredictably with negative bias throughout the session
and finally ended with 37 points negative at 8699. CNX MEDIA and
CNX PSU BANK were the top performer.
• Nifty future has support at 8640-8750 levels which is the previous
resistance levels and which should now act as support for downsides.
• Based on this technical set-up we suggest to create long in Nifty futures
at 8650 levels with stoploss of 8600 and target of 8750.
19th Mar 2015
Equities I Commodities I Currencies I Mutual Funds
NIFTY
Nifty Technical Strategy: Buy Nifty Mar Fut @ 8650 SL 8600 TGT 8750
Equities I Commodities I Currencies I Mutual Funds
• BankNifty ended with 0.47% positive and closed at 19225. YES Bank
was the top performers whereas ICICI Bank was the top loser.
• Bank Nifty Future was largely traded between 18780 & 19500 since
previous four trading session. The price action and sustain from this
range will provide further directional cues.
• Prices closing above 19500 levels would confirm end of downtrend else
closing below 19650 levels will keep the current downtrend intact.
• Owning to this technical set-up we believe long could be created at
18850- 18900 levels with stoploss of 18750 and target of 19300.
Bank NIFTY
BankNifty Technical Strategy: Buy BankNifty Mar Fut @ 18850-18900 SL 18750 TGT 19300
Equity Bazaar 19th Mar 2015
Equities I Commodities I Currencies I Mutual Funds
• TATAMOTORS prices has traded below “2 X 1” Gann fan line and sustain below 570 levels.
• On daily chart TATAMOTORS has formed big bearish candle which implies weakness in stock.
• RSI reading below 50 levels indicates bearish momentum has started in the stock.
• If today or in forthcoming trading sessions TATAMOTORS is able to trade below 570 levels, then we can see the stock making a move towards 555 levels.
Stock of the Day
TATAMOTORS Technical Strategy : Sell TATAMOTORS Mar @ 570 SL 580 TGT 555
Equity Bazaar 19th Mar 2015
Equities I Commodities I Currencies I Mutual Funds
SUPPORT AND RESISTANCE TABLE
Equity Bazaar 19th Mar 2015
Symbol S3 S2 S1 P R1 R2 R3 Trend Action
ACC 1497.2 1547.15 1565.25 1597.1 1615.2 1647.05 1697 Down Sell
AMBUJACEM 236.65 245.6 249.15 254.55 258.1 263.5 272.45 Down Sell
ASIANPAINT 768.32 794.17 804.18 820.0167 830.03 845.87 871.72 Down Sell
AXISBANK 560.83 570.88 576.07 580.9333 586.12 590.98 601.03 Sideway No Action
BAJAJ-AUTO 1980.08 2008.68 2019.97 2037.283 2048.57 2065.88 2094.48 Down Sell
BANKBARODA 174.68 178.78 180.52 182.8833 184.62 186.98 191.08 Down Sell
BHEL 241.4 250.8 254.25 260.2 263.65 269.6 279 Down Sell
BPCL 692.48 729.48 750.97 766.4833 787.97 803.48 840.48 Up Buy
BHARTIARTL 367.08 375.88 379.07 384.6833 387.87 393.48 402.28 Up Buy
CAIRN 213.12 218.52 220.83 223.9167 226.23 229.32 234.72 Down Sell
CIPLA 688.1 700.85 706.4 713.6 719.15 726.35 739.1 Up Buy
COALINDIA 354.38 359.08 361.82 363.7833 366.52 368.48 373.18 Down Sell
DLF 158.58 161.53 163.02 164.4833 165.97 167.43 170.38 Up Buy
DRREDDY 3319.1 3373.05 3400.05 3427 3454 3480.95 3534.9 Up Buy
GAIL 369.43 375.58 378.67 381.7333 384.82 387.88 394.03 Down Sell
GRASIM 3557.77 3617.77 3643.53 3677.767 3703.53 3737.77 3797.77 Down Sell
HCLTECH 1902.72 1960.42 1983.48 2018.117 2041.18 2075.82 2133.52 Down Sell
HDFCBANK 1025.48 1044.18 1053.87 1062.883 1072.57 1081.58 1100.28 Sideway No Action
HEROMOTOCO 2570.52 2619.32 2647.33 2668.117 2696.13 2716.92 2765.72 Up Buy
HINDALCO 127.25 130.25 131.7 133.25 134.7 136.25 139.25 Down Sell
HINDUNILVR 872.12 897.87 909.98 923.6167 935.73 949.37 975.12 Down Sell
HDFC 1269.6 1298.25 1310.15 1326.9 1338.8 1355.55 1384.2 Sideway No Action
ITC 327.47 332.72 334.68 337.9667 339.93 343.22 348.47 Sideway No Action
ICICIBANK 323.13 328.63 331.72 334.1333 337.22 339.63 345.13 Sideway No Action
IDFC 162.58 165.98 167.77 169.3833 171.17 172.78 176.18 Sideway No Action
INDUSINDBK 856.9 881.8 892.5 906.7 917.4 931.6 956.5 Up Buy
INFY 2157.7 2198 2213.75 2238.3 2254.05 2278.6 2318.9 Sideway No Action
JINDALSTEL 155.78 166.58 170.87 177.3833 181.67 188.18 198.98 Down Sell
KOTAKBANK 1289.82 1314.17 1328.53 1338.517 1352.88 1362.87 1387.22 Sideway No Action
LT 1636.82 1671.62 1685.33 1706.417 1720.13 1741.22 1776.02 Down Sell
LUPIN 1815.83 1847.53 1860.47 1879.233 1892.17 1910.93 1942.63 Up Buy
M&M 1173.67 1196.57 1206.03 1219.467 1228.93 1242.37 1265.27 Sideway No Action
MARUTI 3590.33 3626.03 3645.47 3661.733 3681.17 3697.43 3733.13 Sideway No Action
NMDC 124.75 127.95 130 131.15 133.2 134.35 137.55 Up Buy
NTPC 138.1 146.25 149.45 154.4 157.6 162.55 170.7 Down Sell
ONGC 295.98 303.43 306.32 310.8833 313.77 318.33 325.78 Down Sell
POWERGRID 142.23 144.58 145.62 146.9333 147.97 149.28 151.63 Down Sell
PNB 161.68 165.18 166.87 168.6833 170.37 172.18 175.68 Down Sell
RELIANCE 830.1 847.65 858.15 865.2 875.7 882.75 900.3 Up Buy
SSLT 176.33 186.18 190.07 196.0333 199.92 205.88 215.73 Down Sell
SBIN 273.02 279.47 283.38 285.9167 289.83 292.37 298.82 Down Sell
SUNPHARMA 1007.17 1024.17 1034.33 1041.167 1051.33 1058.17 1075.17 Up Buy
TCS 2474.67 2522.42 2540.88 2570.167 2588.63 2617.92 2665.67 Down Sell
TATAMOTORS 533.57 548.07 554.13 562.5667 568.63 577.07 591.57 Down Sell
TATAPOWER 73.93 77.18 78.77 80.43333 82.02 83.68 86.93 Down Sell
TATASTEEL 319.57 325.92 328.83 332.2667 335.18 338.62 344.97 Down Sell
TECHM 2643.5 2733.5 2767 2823.5 2857 2913.5 3003.5 Down Sell
ULTRACEMCO 2823.28 2880.23 2907.97 2937.183 2964.92 2994.13 3051.08 Down Sell
WIPRO 597.55 616.8 624.1 636.05 643.35 655.3 674.55 Down Sell
ZEEL 330.32 347.07 356.68 363.8167 373.43 380.57 397.32 Up Buy
Equities I Commodities I Currencies I Mutual Funds
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error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology,
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19th Mar 2015
Equity Bazaar
