Capvision Investment Advisor’s Daily Recommendation For Equity Market 4-3-2015

INDORE, India - March 4, 2015 - PRLog -- MARKET WRAP FOR NIFTY & BANK NIFTY

Nifty:-

Today nifty ware open at 8941.60, then nifty took high of 8969.45, then nifty move to diagonal way and took a life time high of 9008.25, close at 8996.25.Nifty index advances 29, declines 21. NSE advances 773 declines 409, unchanged 34.so, and recommendation for nifty to long for 9200, 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 9000-9300.

So recommendation for nifty to long for 8850, 8900 sl 8750.

Bank Nifty:-

Today Bank nifty ware open at 20029.80. Then bank nifty ware consolidates in the range of 20000-20200, after took low of 19955, close at 20135. in bank nifty index advances 7, declines 5.So, long bank nifty for 20500, in short-term. There is RSI cross over on simple moving average-11(55.95) MACD line ware down from 0 levels (20.32). Basis on indicators and pattern it should move in the range of 20000-20300.

So recommendation for Bank nifty to long for 20000 sl .19800.

Stock Recommendation:-

Nifty:-

Date and Time 04-03-15

Call: LONG

CMP: 8996.25 (SPOT)

Initiation Level: 9050

Book Profit (Level 1):

9150

Book Profit (Level 2): 9350

Stop Loss: 8850

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 04-03-15

Stock: BANKNIFTY

Call: LONG

Initiation Level: 20150

Book Profit (Level 1):

20300

Book Profit (Level 2): 20600

Stop Loss: 19800.

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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