STOCK NIFTY TECHNICAL REPORT 19 NOVEMBER 2013

Markets saw a huge gap up opening due to sharp appreciation in rupee and were able to maintain on higher levels in support of strong Asian markets and finally settled gaining more than 2%. Nifty future after crossing the resistance mark of 6190 lead towards 6230 indicating strength to continue in the coming session where stiff resistance is seen in the range of 6270-6300. From current levels, 6150 will act as major support.

TREND: SIDEWAYS

SUPPORT      :  6170 & 6130

RESISTANCE:   6260 & 6310

Daily Market Trend

  • Sensex soars 451 points to close above 20,800.
  • China shares spark Asia rally as reform plans buoy mood.
  • JP Associates top Nifty gainer post Q2 results
  • Coal India slips; roadshows for 5% stake sale begin.
  • Amara Raja hits 52-week high on strong Q2 results.

Intraday Stock Calls

ABAN EQ BUY ABOVE 254.75 TARGETS 257.25/259.80/262.40 SL 252.20

IRB EQ BUY ABOVE 91 TARGETS 91.90/92.80/93.80 SL 90

FUTURE EQUITY CALLS

BATAINDIA FUT BUY ABOVE 994 TARGETS 1002/1010/1018 SL 986

CIPLA FUT SELL BELOW 403 TARGETS 399/395/391 SL 407


 

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