NewsLetter for 13-Dec-2018

PICK OF THE DAY TARGET 1 TARGET 2 STOP LOSS
BUY NRBBEARING AT 209 218 226 205
FUTURES
BUY PVR FUT AT 1545 1600 1630 1525

TECHNICAL OUTLOOK

SCRIP CLOSE SUPPORT RESISTANCE OUTLOOK
NIFTY 10737.60 10688
10560
10402		 10788
10866
10925		 NIFTY IS BACK TO SELL ON RALLY.
BANK NIFTY 26643.85 26030
25702
25371
25080		 26277
26490
26611
26900		 SELL ON RALLY.
DHFL 213.85 200
191
178		 214
221
229		 SELL ON RALLY.
REL INFRA 296.15 297
281.55		 297
312
341
355		 SELL ON RALLY ; 281.55 IS KEY LEVEL BELOW WHICH STOCK COULD FALL HEAVILY.
VEDL 199.30 191
178		 196
200
205
212		 STRONG SELL.
TCS 2016.80 1978
1928
1903		 2013
2100		 STOCK COULD RETEST 2100 LEVEL.
SAIL 52.35 49
47
44		 53
58
61		 SELL ON RALLY. WILL TOUCH 41 ON LOWER SIDE.
SBI 285.25 278
271
265		 284
288
291
296		 STRONG RESISTANCE SEEN AT 295.SELL ON RALLY.
DLF 179.25 168
165
161		 175
182
185
191		 STOCK HAS SEEN A COMEBACK BUT REMAINS RANGEBOUND.
INFOSYS 678.50 655
642
634		 677
693		 STOCK REMAINS SELL ON HIGH
TATA MOTORS 164.1 153
140		 162
170
187		 STOCK REMAINS SELL ANYTIME.
BHEL 66.35 64.5
60.5		 67.7
75		 HUGE SELL. EXPECT STOCK TO RETOUCH LOW OF 64. IF 60.5 IS BROKEN EXPECT 34 COMING SOON
TATA STEEL 520.25 493
472		 513
533
544 		STOCK HAS CLOSED BELOW 533. NEED ONE MORE CLOSE BELOW THE SAME TO RETEST 493 LEVEL.
WOCKPHARMA 506.35 488
472		 500
512
530		 SELL ON ALL RALLY. HEADED TOWARDS ITS 5 YEAR LOW OF 336.
ONGC 141.7 136
133
129		 139
141
144
150 		STRONG SELL NEXT TARGET 125.
ICICIBANK 349.95 341 348
355
361
366 		STOCK REMAIN BUY ON DIPS.
RELCAPITAL 213.05 198
184		 207
212
222		 STRONG SELL ONLY BELOW 222.
RELIANCE 1110.50 1068
1055		 1104
1148
1165
1180		 STOCK NEED TO CLOSE 1180 TO REVIVE ITS BULL RUN AGAIN.
YESBANK 186.60 168
156.9
149
146
132		 181
188		 REMAIN SELL ON RALLY.NEXT STRONG SUPPORT AROUND 132. IF BROKEN 108 IS NEXT SUPPORT
MARUTI 7471.85 7211

7024		 7380
7550
7711		 LOOKS EXHAUSTED. SELL ON RALLY
HINDALCO 221.30 216
200
192		 229
234
249 		NEED TO CLOSE BELOW 200 FOR A STEEP FALL
ACC 1485.20 1433
1405		 1458
1503
1524
1555		 STOCK HAS SEEN A STRONG COMEBACK FROM LOWER LEVELS BUT REMAINS SELL ON RALLY.
LT 1400.30 1352
1329		 1371
1384
1400
STOCK UNABLE TO BREAK PREVIOUS HIGH. SELL ON RALLY.
IBULHSGFIN 734.30 694
679
654		 739
779
791
834		 SELL ON RALLY.
INDUSINDBK 1582.20 1524
1502		 1551
1572
1598
1613		 SELL ON RALLY.

STOCKS 2 WATCH

SCRIP DECIDER LEVEL TREND
FINEORG 1200
FORTIS 152
GSKCONS 7680
BBTC 1300
VIPIND 537
TORNTPOWER 259
JUBLFOOD 1240
PFC 86
LUPIN 828
CONCOR 658

DELIVERY BUZZER

SCRIP VOLUME PERCENT DELIVERY DIRECTION
DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the ScriP