Swing Trading for 24 Aug 2016

1. IDEA Buy Above 98.7
2. TATAPOWER Sell Below 73.97
3. IOC Sell Below 544.35
4. MCDOWELL-N Buy Above 2298.86
5. DLF Sell Below 163.49
6. HCLTECH Buy Above 796.1
7. BHARTIARTL Buy Above 354.18

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Major Mkt Activity on 23 Aug 201

Long Build Up: ALBK, INDIACEM, RCOM, IDBI, BHARTIARTL
Short Covering: NIFTYIT, ORIENTBANK, JPASSOCIAT, BANKINDIA, ASIANPAINT

Short Build Up: ICIL, MOTHERSUMI, HINDPETRO, NTPC, AMARAJABAT
Long Unwinding: PNB, HAVELLS, ONGC, JUSTDIAL, YESBANK

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Important Levels for 24 Aug 2016

NIFTY : Levels to watch are 8673.62 and 8609.88
BANKNIFTY : Levels to watch are 19452.57 and 19292.12
RELIANCE : Levels to watch are 1017.53 and 1007.78
SBIN : Levels to watch are 257.73 and 252.98

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Against Trend Calls for 23 Aug 2016

DIVISLAB -> On Short Side at open or spikes
INDIACEM -> On Short Side at open or spikes
KPIT -> On Short Side at open or spikes
SBIN -> On Short Side at open or spikes
TATACHEM -> On Short Side at open or spikes
WIPRO -> On Long Side at open or dips
YESBANK -> On Short Side at open or spikes
GODREJIND -> On Short Side at open or spikes
PCJEWELLER -> On Short Side at open or spikes

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Trend Trading Levels for 23 Aug 2016

BANKNIFTY Hold Long taken at 18959.45 On 12-08-2016 StopLoss 19219.23 | Profit so far 380.95
RELIANCE Hold Long taken at 1034.2 On 12-08-2016 StopLoss 1012.08 | Profit so far -21.75
SBIN Hold Long taken at 236.2 On 12-08-2016 StopLoss 252.02 | Profit so far 19.05
NIFTY Hold Short taken at 8673.25 On 10-08-2016 StopLoss 8703.58 | Profit so far 40.05

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Swing Trading for 23 Aug 2016

1. SUNTV Sell Below 448.7
2. CASTROLIND Buy Above 415.69
3. HINDPETRO Sell Below 1217.63
4. HINDUNILVR Buy Above 923.04
5. MARUTI Sell Below 4822.19
6. TATAMOTORS Sell Below 506.64

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