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10 Day EMA - 4727.30
40 Day EMA - 4505.10
Trading Range - The Nifty opened at 4939.10, moved up to an intra-day high of 4953.90, declined to an intra-day low of 4878.15 and closed at 4938.85.
Review/Outlook The Nifty has had a mixed trading session, has had a strong opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 4954 level while resistance at higher levels (5000) - would limit the upside. The outlook has turned bullish again while resistance comes in at the 5000+ level and support comes in at the 4220 level.
Stock Picks for the day (strictly intra-day)
|
Date |
Scrip |
Rec |
CMP |
Stoploss |
Target |
|
26/09 |
Zee Ent. |
B |
312.95 |
310 |
319 |
|
26/09 |
Praj Ind. |
B |
248.35 |
245 |
254 |
|
26/09 |
Divis Lab. |
B |
1244.45 |
1218 |
1236 |
Stock Picks (intra-week/fortnightly)
|
Date |
Scrip |
Rec |
CMP |
Range |
Stoploss |
Target |
|
07/09 |
Gmr Infra. |
B |
865.15 |
795 |
753 |
Achvd |
|
14/09 |
Beml |
B |
1295.50 |
1232 |
1200 |
1324 |
|
24/09 |
Infosys |
B |
1771.35 |
1760 |
1740 |
1961 |
|
24/09 |
Pnb |
B |
528.60 |
502 |
488 |
548 |
|
24/09 |
Hindalco |
B |
167.80 |
157 |
152 |
176 |
|
24/09 |
Bhushan Steel |
B |
919.25 |
880 |
855 |
1000 |
|
24/09 |
Idea |
B |
125.30 |
122 |
117 |
139 |
|
25/09 |
Ntpc |
B |
194.45 |
192 |
186 |
221 |
|
26/09 |
Aurobindo Ph. |
B |
598.15 |
590 |
575 |
645 |
|
26/09 |
Balrampur Chini. |
B |
80.60 |
75 |
70 |
94 |
Daily Support / Resistance Levels
|
Scrip |
Support |
Last Close |
Resistance |
|
ACC |
1110, 1063 |
1150.55 |
1154, 1195 |
|
DR. REDDY'S |
634, 606 |
636.90 |
678, 701 |
|
HUL |
215, 205 |
227.35 |
228, 239 |
|
INFOSYS |
1715, 1667 |
1771.35 |
1795, 1851 |
|
ITC |
180, 169 |
187.15 |
193, 213 |
|
RIL |
2300, 2200 |
2399.60 |
2400, 2500 |
|
SATYAM |
391, 367 |
413.00 |
416, 438 |
|
SBI |
1800, 1750 |
1807.30 |
1850, 1900 |
|
T MOTORS |
722, 678 |
740.90 |
755, 773 |
|
T STEEL |
716, 697 |
744.00 |
745, 800 |
GLOSSARY : CMP - Current Market Price, MACD - Moving Average Convergence Divergence, RMI - Relative Momentum Index, RSI - Relative Strength Index, ROC - Rate of Change, SMA - Simple Moving Average, Cls - Closing Price, Support - Level where buying can be expected, Resistance - Level where selling can be expected, Tu - Turning Upwards, Td Turning Downwards, Sd Sideways, Up Uptrend, Dt Downtrend, Ob Overbought, Os - Oversold.
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Sebi Disclosure: The author is an active market participant and could not only be having positions but could even be having contrary positions in the stocks mentioned above.