technical view equity n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Daily Technical Report:24 January 2018 PowerPoint Presentation
Download Presentation
Daily Technical Report:24 January 2018

Loading in 2 Seconds...

play fullscreen
1 / 1

Daily Technical Report:24 January 2018 - PowerPoint PPT Presentation


  • 6 Views
  • Uploaded on

Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives\nhttps://simplehai.axisdirect.in/share-stock-prices/nse/Cipla-Ltd-114\nhttps://simplehai.axisdirect.in/share-stock-prices/nse/Wipro-Ltd-614\n

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Daily Technical Report:24 January 2018' - axisdirectofficial


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
technical view equity

Technical View (Equity)

Daily call

Index

CMP

% up/dn

S2

S1

P

R1

R2

11,083.70

1.07%

10960

11020

11055

11120

11155

Nifty

36139.98

0.96%

Sensex

35750

35945

36060

36255

36365

Nifty Daily Chart

Comments:

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at

11084 with a gain of 118 points.

On the daily chart the index has formed a long bullish candle forming higher High-Low formation

indicating positive bias. The index is moving in a Higher Top and Higher Bottom formation on the daily

chart indicating sustained up trend. The chart pattern suggests that if Nifty crosses and sustains above

11100 level it would witness buying which would lead the index towards 11130-11170 levels. Important

Supports for the day is around 11040 However if index sustains below 11040 then it may witness profit

booking which would take the index towards 11020-11000 levels. Nifty is trading above 20, 50 and 100

day SMA's which are important short term moving averages, indicating positive bias in the short to

medium term. Nifty continues to remain in an uptrend in the short and medium term, so buying on dips

continues to be our preferred strategy.

The daily strength indicator RSI and momentum oscillator Stochastic have both turned positive and are

above their respective reference lines indicating positive bias.

The trend deciding level for the day is 11055. If NIFTY trades above this level then we may witness a

further rally up to 11120-11155-11220 levels. However, if NIFTY trades below 11055 levels then we may

see some profit booking initiating in the market, which may correct up to 11020-10960-10925 levels

Stocks to focus for intraday Long

PNB, Jswsteel, Vedl, Sbin, Cipla, Nmdc, Union

Bank, Hexaware, Bharatfin

Stocks to focus for intraday Short

Ambujacem, Wipro, Infratel