Latest News
-
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom? -
FII-Backed Penny Stock Issues New Update On Warrants, Shares Gain 111% In 3-Yrs -
Top 5 Bank Savings Accounts With No Hidden Charges; Check Details? -
150% Gains In 12 Months: This Multibagger Telecom Stock Hits 52-Week High; IIFL Finance Recommends BUY! -
Singapore Orders Recall Of Everest Fish Curry Masala Over Pesticide -
China's Sinking Cities: Researchers Warn Of A Looming Threat, Say Half Of Major Cities Are Drowning -
Inox Wind Secures Repeat 210 MW Order From Hero Future Energies
Rajesh V suggests HDFC Bank for intra-day
Out of the last eight trading sessions, yesterday for the second time only did Nifty manage to break its high nor low.
And Harami formed in Nifty End of Day (EOD) chart. Therefore, according to the Harami pattern, 5696 and 5636 look like they are breakout levels for Nifty.
The level of 5681 is important for bulls, only above this level, Nifty will gather strength.
Support levels for Nifty will be – 5645 / 5625 / 5593
Meanwhile Resistance levels are – 5681 / 5700 / 5732
Based on this we will place the Nifty weekly levels at 5604 / 5551 on the down-side. Where as on the up-side, it should reach out to 5727 / 5780.
Bank Nifty (Refer Chart- Bank Nifty)
Bank Nifty once again managed to close in positive. The high and low achieved yesterday will be immediate support and resistance for bank nifty. Keep 11300 as stop loss for your positional long.
Intraday
Buy above 11436
Stop loss at 11400
Target for 11480
Supports for Bank Nifty are – 11400 / 11380 / 11350
resistance levels are – 11480 / 11520
So, Bank Nifty weekly levels will be as following
Down side – 11310 / 11235 / 11100
Upper side – 11470 / 11550 / 11674
Intraday calls
SAIL
Buy Rs 138.50
Stop loss at Rs 137
Target price of Rs 141 / 142.60
HDFC Bank
Buy above Rs 2,532 levels
Stop loss at Rs 2,515
Target price of Rs 2,560 / 2,576
Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.goodreturns.in
OneIndia Money DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. OneIndia Money does not take any responsibility for any losses incurred by investors who take their cues from the above article.
