Hot Stocks For 19th
Oct 2012
Technical based Trading and investment call Entry- Exit Trend
Reversal+ Proper Stop loss
Hourly
Candelstick Chart – Nifty fut
|
52 Week High- 5855.60
|
52 Week Low– 4592.40
|
Weekly High – 5755
|
Weekly Low-5637.4
|
|
R 3
|
R 2
|
R1
|
PIVOT
|
S1
|
S2
|
S 3
|
|
5843.38
|
5793.66
|
5764.23
|
5714.51
|
5685.08
|
5635.36
|
5605.93
|
JUSTIFICATION ( Buy
Side & Sell Side )
Nifty fut Buy Above
5740 for the Targets 5760, 5780 & 5840
Stoploss 5710
Nifty fut Sell Below
5710 for the Targets 5690, 5670 &
5640 Stoploss 5740
Nifty future is looking good on chart for buy side. Today’s
closing price is 5734.80 and the good support level is above 5720. If upside
breakout occurs (i.e. 5740) then, the target would be 5760, 5780 & 5810
with strictly stop loss of 5710. If downside break out occurs (i.e. 5710) then,
the target would be 5690, 5670 & 5640 with strictly stop loss of 5740.
BUY SIDE STOCKS
FOR 19-10-2012
|
DATE
|
NAME
|
STRATERGY
|
|
19.10.2012
|
ABAN
|
BUY ABOVE 575
TGT 580, 585 & 590 STOPLOSS 570
|
|
19.10.2012
|
BAJAJ AUTO
|
BUY ABOVE 1780 TGT 1790, 1800 & 1810 STOPLOSS
1770
|
ABAN AND BAJAJ AUTO are looking good on
charts, we may see up trend to continue in it. The RSI Oscillators and MACD Oscillators are
also in favor side. If ABAN breaks 575 then, the target would be 580, 585 & 590 with
strictly stop loss of 570. . If BAJAJAUTO
breaks 1780 then, the target would be 1790, 1800 & 1810 with
strictly stop loss of 1770.
SUPPORT & RESISTANCE LEVELS FOR 19-10-2012
|
DATE
|
NAME
|
R 3
|
R 2
|
R1
|
PIVOT
|
S1
|
S2
|
S 3
|
|
19.10.2012
|
EDUCOMP
|
168.30
|
166.15
|
164.50
|
162.35
|
160.70
|
158.55
|
156.90
|
|
19.10.2012
|
DRREDDY
|
1731.26
|
1719.88
|
1707.76
|
1696.38
|
1684.26
|
1672.88
|
1660.76
|
|
19.10.2012
|
JINDAL STEEL
|
443.30
|
432.90
|
426.45
|
416.05
|
409.60
|
399.20
|
392.75
|
SELL SIDE STOCKS
FOR 19-10-2012
|
DATE
|
NAME
|
STRATERGY
|
|
19.10.2012
|
AMBUJACEM
|
SELL BELOW 201 TGT 199, 197 & 195 STOPLOSS 203
|
|
19.10.2012
|
BHARTIARTL
|
SELL BELOW 263 TGT 260, 257 & 255 STOPLOSS 265
|
|
19.10.2012
|
GAIL
|
SELL BELOW 366 TGT 363, 360 & 357 STOPLOSS 369
|
AMBUJACEM,
BHARTIARTL AND GAIL are looking weak on charts, we may see down trend to
continue in it. The RSI Oscillators and
MACD Oscillators are also in favor side. If AMBUJACEM breaks 201 then, the
target would be 199, 197 & 195 with strictly stop loss of 203. . If BHARTIARTL
breaks 263 then, the target would be 260, 257 & 255 with strictly stop loss
of 265. . If GAIL breaks 366 then, the target would be 363, 360 & 357 with
strictly stop loss of 369.
DISCLAIMER:
Stock trading involves high risk and one can lose Substantial amount of money.
The recommendations made herein do not constitute an offer to sell or
solicitation to buy any of the Securities mentioned. No representations can be
made that recommendations contained herein will be profitable or they will not
result in losses. Readers using the information contained herein are solely
responsible for their actions. The information is obtained from sources deemed
to be reliable but is not guaranteed as to accuracy and completeness. The above
recommendations are based on Technical ANALYSIS only.
