Capvision Weekly Equity Newsletter 9-2-2015

This week nifty ware trading below the previous week close and down for correction and profit booking. In fourth trading day nifty shown high volatility to take a high of 8838
By: Capvision Investment Advisor
 
INDORE, India - Feb. 9, 2015 - PRLog -- MARKET WRAP FOR NIFTY & BANK NIFTY

Nifty:-

This week nifty ware trading below the previous week close and down for correction and profit booking. In fourth trading day nifty shown high volatility to take a high of 8838 and close at 8698. Nifty take supports of EMA 13, so recommendation for nifty to short for 8600-8500 to maintain SL above previous week high.

Indicators MADC and RSI shown breakouts from 278 and 70.

Bank Nifty:-

This week Bank nifty ware down and trading below the level of previous week close. And continual down to 18825 in correction made. It has break a channel which has been generated since sept-14.on Monday bank nifty ware positive a little bit, then after continual profit booking seen at there, close 18786. So recommendation for bank nifty to short for 18900-19500.sl-20100.

Indicators MADC and RSI are down to 1126 and 70.

Stock Recommendation

Nifty:-

Date: 09/02/2015

Call: SHORT

CMP: 8665.80

Initiation Level: 8700

Book Profit (Level 1): 8600

Book Profit (Level 2): 8500

Stop Loss: 8850

Conviction Level: moderate risk

Reasoning: CORRECTION

Short term Trend: CORRECTION

Medium Term Trend: Up

For the long term Traders: long in deep.

For Aggressive Traders: sell on rise

Support: 8600-8400

Resistance- 8900 10069-10454-10816

Duration: 4-5 Days

Bank Nifty:-

Date: 09/02/15

Call: SHORT

CMP: 18877.85

Initiation Level: 18900

Book Profit (Level 1): 18750

Book Profit (Level 2): 18500

Stop Loss: 20100

Conviction Level: moderate risk

Reasoning: correction

Short term Trend: correction

Medium Term Trend: UP

For the long term Traders: long in deep.

For Aggressive Traders: Sell on rise.

Support: 18500-18000

Resistance- 20100 10069-10454-10816

Duration: 4-5 Days

Capvision Investment Advisor is an Investment Advisory Company (http://capvision.co.in/). Capvision Investment Company provides recommendation in all segment of stock market like Capital Market, Commodity Market, Forex Market etc.

We are offering 2 days free trial in stock cash tips, stock future tips, nifty/bank nifty tips, option, MCX tips, Ncdex tips & forex market. For getting free trial pack you can fill trial form from site or call us on 09713344666. For any query or feedback feel free to mail us on support@capvision.co.in.  We believe in giving best recommendation to each and every client by providing 24*7online and telephonic assistance

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