Capvision Equity Newsletter 3-2-2015

INDORE, India - Feb. 3, 2015 - PRLog -- MARKET WRAP FOR NIFTY & BANK NIFTY

Nifty:-

Today nifty ware opens at 8805, then nifty ware continual down to 8757, after consolidate on this level, nifty ware immediate up to 8838.85, to take correction of 63 points at 8775, close at 8796.35.Nifty index advances 21, declines 29, NSE advances 677, declines 456, unchanged 46.so, recommendation for nifty to short for 8750, in short-term.

Indicators MADC and RSI are over bought zone in daily charts.

Basis on indicators and pattern it should short for 8800-8700.

Bank Nifty:-

Today Bank nifty ware 40 points gap down opens 19855, to take a low of 19765, bank nifty ware consolidate in the range of 19850-19760, after breaking this bank nifty show immediate rise of 397 points aprox. (20172), close at 20088. Bank Nifty index advances 8, declines 4, So, recommendation for bank nifty to short for 19500, in short-term.

There is RSI cross over on simple moving average-11 MACD-439.71, 62.30, are over bought zone.

Basis on indicators and pattern it should move in the range of 20000-19500.

So recommendation for Bank nifty to short for 19500 sl .20300.

Stock Recommendation

1) – CV CASH CALL: BUY HEXAWARE ABOVE 238 TGT 246 SL 232.

2) – CV CASH CALL: BUY HINDALCO ABOVE 145 TGT 148 SL 142.5.

3) – CV CASH CALL: BUY TATAPOWER ABOVE 91 TGT 93 SL 89.

4) – CV CASH CALL: BUY IDFC ABOVE 176 TGT 182 SL 173.

Capvision Investment Advisor is an Investment Advisory Company. Capvision Investment Company provides recommendation in all segment of stock market like Capital Market, Commodity Market, Forex Market etc.

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