Sai Ram Shares & Commodities: Technical Outlook For 17th Apr'14 (EVENT DAY: WIPRO, HCLTECH, GLAXO & CRISIL RESULTS)

Om Vigneshwaraya Namah Om Sriram Om Sai ram
SAI RAM SHARES & COMMODITIES

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern street ELURU - 534001 Mobile: Rajesh: 9573399376 1 Town Office: 221376
Head office 22B-2-1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II Town office: 237326
Technical outlook for 17th Apr'14 {EVENT DAY: WIPRO, HCLTECH,GLAXO & CRISIL RESULTS} Analysis: Nifty {Fut} 6697.3 Positional traders can hold shorts with stop & reverse 6738 in NIFTY FUTURE on closing basis
Trading strategy Buy above or @ 6673 Sell below or @ 6722 Power buy above or @ 6748 Power sell below or @ 6646
Stop loss 6642 6750 6720 6675
Target 1 6705 6689 6781 6613
Target 2 6714 6681 6815 6580
Target 3 6722 6673
SRKNIFTY For Private Client Circulation NSE Certified Technical Analytics Website: www.tradingcallls.blogspot.com Email: saladi_elr2@yahoo.com The Trend is your friend until the end when it bends.

Analysis: Bank Nifty {Fut} 12603.85 positional traders can hold shorts with stop & reverse 12702 in BANK NIFTY FUTURE on closing basis
Trading strategy Buy above or @ 12544 Sell below or @12664 Power buy above or @ 12724 Power short below or @ 12484
Stop loss 12479 12729 12588 12549
Target 1 12624 12584 12787 12422
Target 2 12644 12564 12851 12360
Target 3 12664 12544

Analysis: Mcx gold 28589 positional traders can hold shorts with stop & reverse 28598 on closing basis
Stop loss 28402 28777 28668 28491
Target 1 28619 28561 28911 28270
Target 2 28649 28531 29055 28128
Target 3 28678 28502

Analysis: Mcx silver 42416 Positional traders can hold shorts with stop & reverse 42770 on closing basis
Trading strategy Buy above or @ 42151 Sell below or @42687 Power buy or @42957 Power sell below or @ 41881
Stop loss 41871 42966 42677 42161
Target 1 42508 42330 43171 41672
Target 2 42598 42240 43386 41463
Target 3 42687 42151

Analysis: Mcx crude oil 6250 Positional traders can hold longs with stop & reverse 6230 on closing basis. Yesterday Crude
Oil Inventories Actual 10.0M VS Forecast 1.3M {Previous 4.0M}
Stop loss 6179 6321 6277 6223
Target 1 6260 6240 6347 6214
Target 2 6271 6229 6379 6123
Target 3 6282 6218

Analysis: Mcx NATURAL GAS 274.4 Positional traders can hold shorts with stop & reverse 275.2 on closing basis
Trading strategy Buy above or @ 272.9 Sell below or @ 275.5 Power buy above or @ 276.9 Power sell below or @ 271.5
Stop loss 271.5 276.9 275.5 272.9
Target 1 274.6 273.8 278.2 270.2
Target 2 275 273.4 279.6 268.8
Target 3 275.5 272.9

Analysis: Mcx COPPER 404.7 Positional traders can hold longs with stop & reverse 404.2 on closing basis
Trading strategy Buy above or @ 402.1 Sell below or @ 407.7 Power buy above or @ 410.7 Power sell below or @ 399.1
Stop loss 399.1 410.7 407.7 402.1
Target 1 405.8 404 412.7 397.2
Target 2 406.8 403 414.8 395.2
Target 3 407.7 402.1

Analysis: Mcx NICKEL 1079.1 Positional traders can hold longs with stop & reverse 1046 on closing basis
Trading strategy Buy above or @ 1065 Sell below or @ 1093 Power buy above or @ 1107.1 Power sell below or @ 1050.9
Stop loss 1050.9 1107.1 1093 1065
Target 1 1083.6 1074.4 1112.6 1045.7
Target 2 1088.3 1069.7 1118 1040.4
Target 3 1093 1065
Note: - Follow SL strictly and check weekly analysis for correct decisions for positional trades, there is a risk of loss in trading

Weekly Analysis for the week 15th to 17th Apr'14:
TREND
S&R
SPOT NIFTY {cmp 6675.3} BELOW 6748.58 IT WILL FIND SUPPORT 6678.12 -6579.93 - 6509.47 ABOVE 6748.58 IT WILL FACE RESISTANCE 6846.77 - 6917.23 - 7015.42 BEARISH 6707
SPOT BANK NIFTY {cmp 12563.15} BELOW 12778.45 IT WILL FIND SUPPORT 12501.3 - 12162.4 - 11885.25 ABOVE 12778.45 IT WILL FACE RESISTANCE 13117.35 - 13394.5 - 13733.4 BEARISH 12637
MCX GOLD {CMP 28589 } ABOVE 28607 IT WILL FACE RESISTANCE 28993 - 29230 - 29616 BELOW 28607 IT WILL FIND SUPPORT 28370 - 27984 - 27747 MCX SILVER {CMP 42416} BELOW 43106 IT WILL FIND SUPPORT 42372 - 41567 - 40833 ABOVE 43106 IT WILL FACE RESISTANCE 43911 - 44645 - 45450 MCX CRUDE {CMP 6250} ABOVE 6214 IT WILL FACE RESISTANCE 6388 - 6485 - 6659 BELOW 6214 IT WILL FIND SUPPORT 6118 - 5944 -5847 MCX NATURAL GAS {CMP 274.4} BELOW 277.6 IT WILL FIND SUPPORT 271.2 - 261.7 - 255.2 ABOVE 277.6 IT WILL FACE RESISTANCE 287.2 -293.6- 303.1 MCX COPPER {CMP 404.7} BELOW 405.9 IT WILL FIND SUPPORT 400.3 - 393.6 -387.9 ABOVE 405.9 IT WILL FACE RESISTANCE 412.7 - 418.4 -425.1 MCX NICKEL {CMP 1079.1} ABOVE 1031.7 IT WILL FACE RESISTANCE 1081.2 - 1106.4 - 1155.8 BELOW 1031.7 IT WILL FIND SUPPORT 1006.6 - 957.2 -932 BULLISH 1046 BULLISH 404.2 BEARISH 275.2 BULLISH 6230 BEARISH 42770 BULLISH 28598

Analyst Certification:The following analyst(s), who is (are) primarily responsible for this report, certifies that the opinion(s) on the subject security (ies) and any other views or forecasts expressed herein accurately reflect his/her personal view(s) about the subject company or companies and its or their securities, and that no part of his compensation was, is or will be directly indirectly related to the specific recommendations or views contained in this research report. Opinions expressed are his current opinions as of the date appearing on this material only. The analyst(s) of this report personally is not holding any stock position for the recommended stocks.
Disclaimer: This document is not for public distribution and has been furnished to you solely for your information and must
not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. SAIRAM SHARES & COMMODITIES, its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on basis of this report.

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern Street ELURU - 534001 Mobile: Rajesh: 9573399376 I Town Office: 221376 Head office: 22B-2-1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II town Office: 237326
Email: saladi_elr2@yahoo.com
Rajesh.Saladi
Technical Research Analyst Email: Rajesh.saladielr2@gmail.com For updates follow @ www.twitter.com/rajeshsaladi & www.facebook.com/srknifty SRKNIFTY For Private Client Circulation NSE Certified Technical Analytics Website: www.tradingcallls.blogspot.com Email: saladi_elr2@yahoo.com The Trend is your friend until the end when it bends.

Sai Ram Shares & Commodities: Technical Outlook For 17th Apr'14 (EVENT DAY: WIPRO, HCLTECH, GLAXO & CRISIL RESULTS)

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Sai Ram Shares & Commodities: Technical Outlook For 17th Apr'14 (EVENT DAY: WIPRO, HCLTECH, GLAXO & CRISIL RESULTS)

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Om Vigneshwaraya Namah Om Sriram Om Sai ram