Against Trend Calls for 23 May 2017

BPCL -> On Long Side at open or dips
CESC -> On Long Side at open or dips
TECHM -> On Long Side at open or dips
OFSS -> On Long Side at open or dips
MOTHERSUMI -> On Short Side at open or spikes

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Trend Trading Levels for 23 May 2017

SBIN Sold at 303.12 StopLoss 311.27| Profit so far 8.27
NIFTY Hold Short taken at 9462.87 On 18-05-2017 StopLoss 9502.48 | Profit so far 19.22
BANKNIFTY Hold Short taken at 22776.58 On 18-05-2017 StopLoss 22886 | Profit so far 99.08
RELIANCE Hold Short taken at 1344.12 On 15-05-2017 StopLoss 1340.02 | Profit so far 19.72

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Major Mkt Activity on 22 May 201

Long Build Up: LT, MINDTREE, HCLTECH, NIFTYIT, UBL
Short Covering: ARVIND, SINTEX, CAPF, DCBBANK, BHARATFIN

Short Build Up: BANKINDIA, CUMMINSIND, DISHTV, NIITTECH, JUSTDIAL
Long Unwinding: ORIENTBANK, IDBI, APOLLOTYRE, GODREJIND, CEATLTD

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Important Levels for 23 May 2017

NIFTY : Levels to watch are 9476.22 and 9411.08
BANKNIFTY : Levels to watch are 22808.9 and 22546.1
RELIANCE : Levels to watch are 1332.65 and 1316.15
SBIN : Levels to watch are 302.98 and 286.73

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Trend Trading Levels for 22 May 2017

SBIN Hold Long taken at 289.1 On 28-04-2017 StopLoss 303.12 | Profit so far 19.9
NIFTY Hold Short taken at 9462.87 On 18-05-2017 StopLoss 9517.72 | Profit so far 17.12
BANKNIFTY Hold Short taken at 22776.58 On 18-05-2017 StopLoss 22899.32 | Profit so far -21.77
RELIANCE Hold Short taken at 1344.12 On 15-05-2017 StopLoss 1350.52 | Profit so far 22.37

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