11TH March 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded volatile and ended in green on Friday. Nifty Future ended 78.90 points up at 5968.30 Wipro future buy call hits 1st tg 456.50 and Adani Ent sell call remained unexecuted. Investors are advised to book profit in Wipro future and take position in fresh calls provided below. Sell RCOM future below 64.50 for targets 63.75/62.50 with sl 65.95 Buy ONGC future above 327 for targets 330/335 with sl 322.45

Past Performance:

Wipro future hits 1st tg 456.50. Adani Ent future sell call remained unexecuted. DLF future hits final tg 270. Ibreal future sell call remained unexecuted. L&T future hits final tg 1380 Dish Tv future hits 1st tg 64.75. Bata India future hits final tg 761. Havells sell call hit both targets.

RCOM FUTURE RISING CHANNEL

SELL BELOW 64.50 FOR TARGETS 63.75/62.50 SL 65.95

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Sell RCOM future below 64.50 RCOM future is making a Rising Channel pattern on 15 minutes charts. Currently trading at 65.40 Investors are advised to sell below 64.50, break out is yet to come. Targets are 63.75/62.50 and SL at 65.95. This is an intraday call as the pattern is forming on 15 minutes chart.

ONGC FUTURE FLAG PATTERN

BUY ABOVE 327 FOR TARGETS 330/335 SL 322.45

Buy ONGC future above 327. ONGC future is making a Flag pattern on 30 minutes chart. Currently trading at 325.25 Investors are advised to buy above 327 for targets 330/335, Breakout is yet to come. Targets are 330/335 and SL is to be followed 322.45

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