technical view equity n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Daily Technical Report:31 Jan 2018 PowerPoint Presentation
Download Presentation
Daily Technical Report:31 Jan 2018

Loading in 2 Seconds...

play fullscreen
1 / 1

Daily Technical Report:31 Jan 2018 - PowerPoint PPT Presentation


  • 2 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/Larsen-&-Toubro-Ltd-348\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:31 Jan 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

Nifty

11,049.65

-0.73%

10980

11015

11070

11105

11155

Sensex

36033.73

-0.69%

35810

35920

36105

36220

36405

Nifty Daily Chart

Comments:

Nifty opened on a flat note but witnessed selling from the opening tick to end in red. Nifty closed at

11050 with a loss of 81 points.

On the daily chart, the index has formed a long bearish candle indicating profit booking at higher levels.

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 11075 level it would

witness buying which would lead the index towards 11100-11130 levels. However if index breaks below

11020 level it would witness selling which would take the index towards 10995-10960. 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 are in negative territory and are

below their respective reference lines indicating negative bias.

The trend deciding level for the day is 11070. If NIFTY trades above this level then we may witness a

further rally up to 11105-11155-11190 levels. However, if NIFTY trades below 11070 levels then we may

see some profit booking initiating in the market, which may correct up to 11015-10980-10930 levels.

IOC, KPIT Technologies, Larsen & Toubro

Infotech, Petronet LNG, Hero MotoCorp,

Balkrishna Industries

Stocks to focus for intraday Long

Advanced Enzyme Technologies, Aegis Logistics,

Andhra Bank, Astral Poly Technik, BBTC

Stocks to focus for intraday Short