Cap vision Researchers Opinion for Today’s Market 19-2-2015

INDORE, India - Feb. 19, 2015 - PRLog -- MARKET WRAP FOR NIFTY & BANK NIFTY

Nifty:-

Today nifty ware opens at 8812.70, and then nifty took high of 8861.85. After this nifty ware consolidate in the range of 8860-8835, then break upside and made a new high of the day of 8893.90, close at 8866. Nifty index advances 35, declines 15. NSE advances 741 declines 451, unchanged 42.so, and recommendation for nifty to long for 9100, in short-term.

Indicators MADC and RSI are break out (RSI on Moving avg.) in daily charts.

Basis on indicators and pattern it should long for 8950-9100.

Bank Nifty:-

Today Bank nifty ware opens at 19260. Then bank nifty ware up to 19399.80, then bank nifty ware range bound to 19410-19250, after break upside and made high of 19485, close at 19409.70. In Bank Nifty index advances 8 declines 4. So, recommendation for bank nifty to long for 19800, in short-term.  There is RSI cross over on simple moving average-11(50.95) MACD line took support of 0 levels (13.30).

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

So recommendation for Bank nifty to long for 19800 sl .19250.

Stock Recommendation

Nifty:-

Date and Time 19-02-15

Call: LONG

CMP: 8807.65

Initiation Level: 8900

Book Profit (Level 1):

8950

Book Profit (Level 2): 9100

Stop Loss: 8800

Conviction Level; moderate risk

Reason: CORRECTION

Short term Trend: CORRECTION

Medium Term Trend: UP

For the investor: LONG IN DEEP

For Aggressive Traders: SELL ON RISE

Support: 8700-8600

Resistance- 9030.

Duration: 1-2 Days

Bank Nifty:-

Date and Time 19-02-15

Stock: BANKNIFTY

Call: long

Initiation Level: 19500

Book Profit (Level 1):

19600

Book Profit (Level 2): 19900

Stop Loss: 19200.

Conviction Level: moderate risk

Reason: consolidate.

Short term Trend: CORRECTIVE

Medium Term Trend: UP

For the Investor: LONG IN DEEP.

For Aggressive Traders: SELL ON RISE.

Support: 19000-18500

Duration: 1-2 Days

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