YESTERDAY’S BHARTIARTL FUTURE
CALL HIT FINAL TGT OF 412 MADE LOW OF 409.05
FUTURE :
“BULLISH CANBK ABOVE 310 TGT
315 /320”
“BEARISH CANBK BELOW 305 TGT 300/295”
DAILY RESISTANCE: 317, 324, 344, 364
DAILY PIVOT POINT: 304
DAILY SUPPORT: 297, 284, 264, 244
DAILY PIVOT POINT: 304
DAILY SUPPORT: 297, 284, 264, 244
DAILY CHATS
EVENT: CANBK
Canara Bank Results is held on 5 august 2015. Primary trend of the stock is
bullish and after showing correction. It is expected to continue the bull run
with the crossing of the resistance level of 317 as the stock is sustaining
above its 100 and 50 days moving averages. One may initiate the long position
above the mentioned level for the targets of 315/320
Simple Moving Averages
Days
|
BSE
|
NSE
|
30
|
286.64
|
286.63
|
50
|
297.24
|
297.16
|
150
|
369.64
|
369.62
|
200
|
378.43
|
378.44
|
PROFIT SUMMARY FOR 31 JULY 2015
Nifty future opened the session
on a subdued note on weak global cues but moved up subsequently to test the
high of 8590 but failed to make inroads into the 8600 region and closed the day
with minor losses. 8590-8600 is proving to be the major hurdle on its way up
and this region must be taken out for fresh momentum. On the lower side, 8545,
8500 are important supports but the critical level is in the 8475 region and a
close below this level will signal weakness.
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