Swing Trading for 17 Jun 2016

1. MARUTI Sell Below 4116.49
2. INDUSINDBK Sell Below 1105.48
3. RELINFRA Sell Below 535.28
4. AXISBANK Sell Below 524.42
5. ICICIBANK Sell Below 241.05
6. DLF Sell Below 131.73

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Major Mkt Activity on 16 Jun 201

Long Build Up: SYNDIBANK, IOB, ALBK, INDIACEM, PNB
Short Covering: CANBK, BPCL, WIPRO, CESC, PETRONET

Short Build Up: INFRATEL, STAR, AJANTPHARM, M&MFIN, WOCKPHARMA
Long Unwinding: NIFTY, JETAIRWAYS, INDUSINDBK, BANKNIFTY, ICIL

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Important Levels for 17 Jun 2016

NIFTY : Levels to watch are 8213.25 and 8104.25
BANKNIFTY : Levels to watch are 17830.47 and 17544.42
RELIANCE : Levels to watch are 986.03 and 969.67
SBIN : Levels to watch are 218.75 and 212.85

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Against Trend Calls for 16 Jun 2016

FEDERALBNK -> On Short Side at open or spikes
GMRINFRA -> On Short Side at open or spikes
IDBI -> On Short Side at open or spikes
ORIENTBANK -> On Short Side at open or spikes
PNB -> On Short Side at open or spikes
IGL -> On Short Side at open or spikes
MOTHERSUMI -> On Short Side at open or spikes

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Trend Trading Levels for 16 Jun 2016

NIFTY Bought at 8194.82 StopLoss 8087.77| Profit so far 26.53
BANKNIFTY Bought at 17788.37 StopLoss 17534.03| Profit so far 88.93
SBIN Bought at 208.45 StopLoss 204.2| Profit so far 7.75
RELIANCE Hold Long taken at 966.58 On 09-06-2016 StopLoss 971.08 | Profit so far 19.57

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