Capvision Investment Advisor’s Recommendation For Stock Market 27-3-2015

INDORE, India - March 27, 2015 - PRLog -- Capvision Investment Advisor’s Daily Recommendation For Equity Market 27-3-2015

MARKET WRAP FOR NIFTY & BANK NIFTY

Nifty:-

Today nifty was open gap down at 8489.50, and for whole day it was in down phase due to rising crude prices and falling rupee, today was the expiry for March contracts as well and it was a negative month for nifty and nifty had been fallen 3.9% in whole month.

In technical indicators MACD and RSI both are showing nifty will be down for next day and in daily chart there is a trend line if it will break down then nifty will go up to 8000-7900, so there will be a strong support on 8300 in short term. And resistance will be near 8500.

Bank Nifty:-

Today Bank nifty was open down at 18190, and for whole day it was in down phase due to rising crude prices and falling rupee, today was the expiry for March contracts as well and it was a negative month.

Support levels- 17600, 17200

Resistance levels- 18000, 18200

Stock Recommendation:-

Nifty:-

Date and Time 26-03-15

Call: SHORT

CMP: 8342.00

Initiation Level: 8328

Book Profit (Level 1):

8290

Book Profit (Level 2): 8200

Stop Loss: 8400

Conviction Level; moderate risk

Reason: CORRECTION

Short term Trend: CORRECTION

Medium Term Trend: DOWN

For the investor: LONG IN DEEP

For Aggressive Traders: SELL ON RISE

Support: 8300-8200

Resistance- 8450

Duration: 1-2 Days

Bank Nifty:-

Date and Time 26-03-15

Stock: BANKNIFTY

Call: SHORT

Initiation Level: 17710

Book Profit (Level 1):

17650

Book Profit (Level 2): 17500

Stop Loss: 17810.

Conviction Level: moderate risk

Reason: DOWN.

Short term Trend: DOWN

Medium Term Trend: DOWN

For the Investor: LONG IN DEEP.

For Aggressive Traders: SELL ON RISE.

Support: 17600-17400

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