21TH January 2013
DAILY CHARTIST VIEW
HIGHLIGHTS A
Highlights
Nifty traded positive and ended in green on Friday Nifty Future ended 20.40 points up at 6074.85 Aanjaneya Lifecare buy call executed and made high 850 and Bharti Airtel future call remained unexecuted. Investors’ are advised to book profit in Aanjaneya and take position in fresh calls provided below. Buy Maruti futures above 1564 for targets 1574/1589 with sl 1549 Sell DLF future below 258 for targets 255/251 with sl 261.45
Past Performance: Aanjaneya Lifecare executed and made high 850. Bharti Airtel future buy call remained unexecuted. BHEL future executed and made high 328.35. IGL future sell call remained unexecuted. Cairns India future buy call remained unexecuted Auropharma future hits almost final tg, high of 197.655. Hcl Tech future buy call executed and hits 1st tg . Havells sell call hit both targets.
MARUTI FUTURES – FLAG PATTERN BUY ABOVE 1564 FOR TARGETS 1574/1589 SL 1549
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
Buy Maruti futures above 1564 Maruti future is making a flag pattern on 30 minute chart. Currently trading at 1545.85 Investor’s are advised to buy above 1564 as break out is yet to come. Targets are 1574/1589 and SL is recommended at 1549 This is an intraday call as the pattern is forming on 30 minutes chart.
DLF FUTURE – RISING WEDGE PATTERN SELL BELOW 258 FOR TARGETS 255/251 SL 261.45
Sell DLF future below 258 Aanjaneya Lifecare is making a Rising Wedge pattern on 15 minutes chart. Currently trading at 262.80 Investors’ are advised to sell below 258 for targets 255/251, Breakout is yet to come. Targets are 255/251 and SL is recommended at 261.45
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