Nifty Predictive Analysis

Reliance Power:- The stock had been trading in a Narrow range of Symmetrical Triangle. However, the uncertainity in the stock should be over with the announcement of the Auditing by CAG as ruled by Delhi Govt. This would drag the stock to much lower levels of 65. CMP - 73 SL - 76 Target - 65 BEML:- For the period while the Net Sales increased by 27.96%, Net Profit grown by 37.73% and thereby NPM improved to 5.18% as compared to 10.64% on y-o-y basis. The Stock has broken the upward Trendline. And the correction should be seen to take long position in stock. Avg volumes has been above in excess of daily averages. CMP - 236 Target - 270 SL - 220 Neyvelli Lignite:- The stock has broken the ascending triangle on upside. There was some correction in last minutes of trading for the day. However, breaking the triangle on upside with huge upsurge in volumes indicate a decisive upmove. Buy : TP - 68.5, SL - 62.6,   There is inverted head and sh...

Nifty is trending higher showing strengths in the Daily chart. It is moving in the channel bouncing strongly from the trendline support. Immediate targets are 6421. The chart structure is bullish with SMI and RSI trending higher, the short term correction in Nifty is complete. RSI and SMI are making higher lows with every move of Nifty. Nifty Futures can be bought at the current levels. CMP - 6313 Support - 6220. Target - 6480 , immediate targets - 6420. If Nifty  trends lower, there is a strong support at 6140, unless that is broken chances are markets would break the higher levels attained on 9th Dec of 6416. Oil & Gas Index and Consumer durables will provide the much needed support to break the 6400 barrier. There is little support coming from the Bank Nifty. Daily Chart +ve bullish. Lets look at the individual factors that may affect Nifty. BankNifty:- Index has taken support at the lower trendline. There would be choppiness in the Bank nifty. It m...

Bajaj Auto 24th Dec 2013 Post Inflation numbers, the stock had taken a beating. But thanks to RBI, the stock has given a runaway. The stock has given a quick upmove. Immediate targets for the stock is 2050. CMP - 1990 T - 2059 SL - 1958 Both the below indicators have given a BUY signal. (NB - The earlier recommendation for stock has been achieved, hence being revised upwards). Daily Chart

Yes Bank 14/12/14 Yes Bank faced resistance at 418 levels. In long term, it is strong Bull run however, post Fed Tapering and bad inflation data, the stock has given bearish signal in short term, (30 Min and daily Chart). CMP - 365 T1 - 340, T2- 323 SL1 - 384, SL2 - 410. 30-Min Chart

Date Updated - 22/12/13 CMP SL (Buy) / Target (Sell) Target (Buy) / SL (Sell) Short Term Trend NIFTY 50 6154.7 6220 6327 BUY BANK NIFTY 11292 11125/10931/ 10051 11435 BUY ACC 1097 1078 / 1071 / 1053 / 1040 1130 BUY AMBUJA 180 171 / 167 195 BUY AXIS BANK 1274 1270 1295 BUY BAJAJ AUTO 1935 1904 1972 BUY BHARTI AIRTEL 327 326 332/337/350 BUY BHEL 166 152 / 128 173 SELL BOB 650 646 / 651 669 BUY BPCL 344 318 358 / 374 BUY CAIRN 328 325 331 BUY CIPLA 401 387 416 BUY DLF 162 152 165 BUY DR REDDY 2512 2448 2700 BUY HDFC 805 798 829 SELL HDFC BANK 652 608 683 BUY HERO 2124 2119 2149 BUY ICICI BANK 1084 1078/1044/948 1112 BUY IDFC 104.9 95 108 / 110 BUY INDUSIND BANK 424 396 440 BUY ITC 313 307 317 SELL JAI PRAKASH ASSOC 53.1 52.5 54.347 BUY JINDAL 251 253 244 SELL KOTAK MAHINDRA 735 721 752 BUY LT 1063 1052 1074 BUY LUPIN 918 939 904 SELL MARUTI 1809 1671 1843 BUY NMDC 136 134 138 BUY ONGC 285 277 291 BUY PNB 597 586 611 BUY RANBAXY 452 456 448 SELL ...