16TH January 2013
DAILY CHARTIST VIEW
HIGHLIGHTS A
Highlights
Nifty showed strength and ended positive on Tuesday Nifty Future ended 25.65 points up at 6083.15 Hcl Tech future buy call hits 1st tg and Auropharma future buy call hits almost final tg 198 high of 197.65. Investors’ are advised to book profit in both calls and take position in fresh calls provided below. Buy IOC futures above 301 for targets 304/308 with sl 297 Buy Cairn India futures above 344 for targets 347/351 with sl 339.45
Past Performance: Hcl Tech future buy call executed and hits 1st tg. Auropharma future hits almost final tg, high of 197.65. Cairns future sell call executed and made low 335.20. Axis Bank future sell call remained unexecuted. IDFC future sell call executed and made low 173.80 Jindal Steel future buy call remained unexecuted. Tata Motor buy call hit 1st target . Havells sell call hit both targets.
IOC FUTURES – FLAG PATTERN BUY ABOVE 301 FOR TARGETS 304/308 SL 297
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
Buy IOC futures above 301 Indian Oil future is making a flag pattern on 15 minute chart. Currently trading at 299.45 Investor’s are advised to buy above 301, break out is already given. Targets are 304/308 and SL is recommended at 297 This is an intraday call as the pattern is forming on 15 minutes chart.
CAIRNS INDIA FUTURES– CHANNEL LINE PATTERN BUY ABOVE 344 FOR TARGETS 347/351 SL 339.45
Buy Cairn India future above 344 Cairns India futures is making a channel line pattern on 15 minutes chart. Currently trading at 341.80 Investors’ are advised to buy above 344 for targets 347/351 as breakout is yet to come Targets are 347/351 and SL is recommended at 339.45
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