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1ST February 2013

DAILY CHARTIST VIEW


HIGHLIGHTS A

Highlights

 Nifty traded negative and ended in red on Thursday  Nifty Future ended 25.55 points up at 6034.75  Raymond future sell call hits 1st tg and Unitech future sell call remained unexecuted.  Investors’ are advised to book profit in Raymond future and take position in fresh calls provided below.  Buy

Union

Bank

future above 259

for

targets

260.50/263 with sl 256.45  Sell Ibreal future below 75.50 for targets 74.75/73 with sl 77.10. 

Past Performance:

 Raymond future sell call hits 1st tg 373.  Unitech future sell call remained unexecuted.  Biocon future sell call remained unexecuted.  IVRCL Infra sell call hits final tg 34, made low 30.95.  ITC future buy call remained unexecuted  HUL future sell call made low 466.50.  Jet Airways buy call hits final tg 630  .  Havells sell call hit both targets.


UNION BANK FUTURE – FLAG PATTERN BUY ABOVE 259 FOR TARGETS 260.50/263 SL 256.45

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

 Buy Union Bank future above 259  Union Bank future is making a Flag pattern on 15 minutes charts.  Currently trading at 257.20  Investor’s are advised to buy above 259, break out is already given.  Targets are 260.50/263 and SL is recommended at 256.45.  This is an intraday call as the pattern is forming on 5 minutes chart.


IBREAL FUTURE – RISING WEDGE SELL BELOW 75.50 FOR TARGETS 74.75/73 SL 77.10

 Sell Ibreal future below 75.50  Unitech future is making a Rising Wedge pattern on 15 minutes chart.  Currently trading at 76.90  Investors’ are advised to sell below 75.50 for targets 74.75/73, Breakout is yet to come.  Targets are 74.75/73 and SL recommended is 77.10


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SPECIAL REPORT BY EPIC RESEARCH 1 FEBRUARY 2013