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August 30, 2014

Nifty View: September, 2014


Nifty is trading in a rising channel and currently it is close to the upper range of the channel near 8000 levels. Nifty faces resistance at this level and we could see selling pressure coming near this level. Short term support exists at 7870 levels. Below 7870, Nifty could head towards 7800 levels and below that 7700. 7700 is a crucial support for the current uptrend which if breached could set a period of correction in the markets. If Nifty breaks and sustains 8000, it could rally till 8300 levels. We don't expect any solid upmove in the coming month neither do we see any sharp correction. Our range for Nifty for September 2014 is 7700 to 8300.


Bank Nifty is trying to breakout from the 14700-15700 range which could see the banking index higher to 16700 levels. Support for the index is at 15300 levels. Banking Stocks will be in action during the month and are a must have on the watchlist for every trader.

August 20, 2014

21st August, 2014: Trading Ideas

Trading Calls for 21st August, 2014
(Click to Enlarge)

i) Ambuja Cement

BUY above 218.5, SL: 215, TGT: 222/225
SELL below 212, SL: 215, TGT: 209/205

ii) Canara Bank

BUY above 390.3, SL: 386.3, TGT: 395/405
SELL below 374, SL: 376.5, TGT: 369/362

iii) Century Textile

BUY above 609, SL: 605, TGT: 616/623
SELL below 600, SL: 603, TGT: 597/593

iv) Dish TV

BUY above 59.35, SL: 58, TGT: 60/62
SELL below 57, SL: 58, TGT: 56/55

v) DLF

BUY above 203.25, SL: 200, TGT: 207/211/214
SELL below 197, SL: 199, TGT: 195/193

vi) Exide Industries


BUY above 170, SL: 167, TGT: 175/184
SELL below 160, SL: 163, TGT: 156/154

August 18, 2014

19th August, 2014: Trading Ideas

Trading Calls for 19th August, 2014:
(Click to enlarge)

i) Ambuja Cement

BUY above 215, SL: 212, TGT: 218/221/225
SELL below 211.5, SL: 213.5, TGT: 209.5/207

ii) Bank Of India

BUY above 283.5, SL: 279.5, TGT: 287.5/293
SELL below 270, SL: 272, TGT: 268/266

iii) DLF

BUY above 200, SL: 197.5, TGT: 202.5/205/208
SELL below 197, SL: 199, TGT: 194.5/192.5/190.5

iv) Federal Bank

BUY above 119.5, SL: 117, TGT: 122/125/128
SELL below 114.75, SL: 116, TGT: 113.5/112

v) PFC

BUY above 274, SL: 269, TGT: 279/284/291
SELL below 255, SL: 258, TGT: 252/249

vi) Reliance Capital

BUY above 573, SL: 568, TGT: 578/584/590/597
SELL below 555, SL: 560, TGT: 550/545/540

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