22ND January 2013
DAILY CHARTIST VIEW
Nifty traded positive and ended in green on Monday Nifty Future ended 21.60 points up at 6096.45 Maruti future buy call executed and hits 1st tg 1574 and DLF future sell call almost hits 1st tg 255, low 255.15. Investors’ are advised to book profit in both calls and take position in fresh calls provided below. Buy PFC futures above 214 for targets 215.50/219 with sl 211.45 Buy Adani Enterprises future above 277 for targets 278.50/281 with sl 274.45
Past Performance: Maruti future executed and hits 1st tg 1574. DLF future sell call hits almost 1st tg 255, low 255.15. 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 . Havells sell call hit both targets.
PFC FUTURES – FLAG PATTERN BUY ABOVE 214 FOR TARGETS 215.50/219 SL 211.45
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
Buy PFC futures above 214 PFC future is making a flag pattern on 15 minute chart. Currently trading at 213.05 Investor’s are advised to buy above 214, break out is yet to come. Targets are 215.50/219 and SL is recommended at 211.45. This is an intraday call as the pattern is forming on 15 minutes chart.
ADANI ENTERPRISES FUTURE – FLAG PATTERN BUY ABOVE 277 FOR TARGETS 278.50/281 SL 274.45
Buy Adani Enterprises future above 277 Adani Enterprises future is making a Flag pattern on 5 minutes chart. Currently trading at 275.95 Investors’ are advised to buy above 277 for targets 278.50/281, Breakout is already given. Targets are 278.50/281 and SL recommended is 274.45
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Published on Jan 22, 2013