Sai Ram Shares & Commodities

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 23rd Apr'14 [EXPIRY DAY FOR NSE} Analysis: Nifty {Fut} 6829.6 Bearish spinning top candle formed in daily charts in SPOT NIFTY, Positional traders can hold longs with stop & reverse 6768 in NIFTY FUTURE on closing basis
Trading strategy Buy above or @ 6821 Sell below or @ 6838 Power buy above or @ 6848 Power sell below or @ 6812
Stop loss 6810 6850 6836 6823
Target 1 6832 6827 6882 6778
Target 2 6835 6824 6916 6744
Target 3 6838 6821
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} 13001.85 Bearish spinning top candle formed in daily charts in SPOT BANK NIFTY & FUTURE also, positional traders can hold longs with stop & reverse 12785 in BANK NIFTY FUTURE on closing basis
Trading strategy Buy above or @ 12964 Sell below or @13039 Power buy above or @ 13078 Power short below or @ 12926
Stop loss 12921 13083 13035 12969
Target 1 13014 12990 13143 12862
Target 2 13027 12977 13208 12797
Target 3 13039 12964

Analysis: Mcx gold 28599 positional traders can hold longs with stop & reverse 28553 on closing basis
Stop loss 28471 28689 28626 28534
Target 1 28597 28563 28827 28334
Target 2 28614 28546 28970 28192
Target 3 28631 28529

Analysis: Mcx silver 42236 Positional traders can hold shorts with stop & reverse 42385 on closing basis
Trading strategy Buy above or @ 42096 Sell below or @42384 Power buy or @42530 Power sell below or @ 41950
Stop loss 41940 42540 42374 42105
Target 1 42288 42192 42742 41741
Target 2 42336 42144 42955 41531
Target 3 42384 42096

Analysis: Mcx crude oil 6225 Positional traders can hold shorts with stop & reverse 6261 on closing basis
Stop loss 6166 6300 6263 6208
Target 1 6243 6223 6264 6141
Target 2 6253 6213 6233 6110
Target 3 6263 6203

Analysis: Mcx NATURAL GAS 288.1 Positional traders can hold shorts with stop & reverse 281.5 on closing basis
Trading strategy Buy above or @ 286.8 Sell below or @ 289.2 Power buy above or @ 290.6 Power sell below or @ 285.4
Stop loss 285.4 290.6 289.2 286.8
Target 1 288.4 287.6 292 284
Target 2 288.8 287.2 293.5 282.6
Target 3 289.2 286.8

Analysis: Mcx COPPER 411 Positional traders can hold longs with stop & reverse 406.3 on closing basis
Trading strategy Buy above or @ 409.6 Sell below or @ 412.4 Power buy above or @ 414 Power sell below or @ 408
Stop loss 408 414 412.4 409.6
Target 1 411.4 410.6 416 406
Target 2 411.9 410.1 418.1 404
Target 3 412.4 409.6

Analysis: Mcx NICKEL 1115.1 Positional traders can hold longs with stop & reverse 1078 on closing basis
Trading strategy Buy above or @ 1111 Sell below or @ 1119.6 Power buy above or @ 1124.1 Power sell below or @ 1106.5
Stop loss 1106.5 1124.1 1119.6 1111
Target 1 1116.7 1113.9 1119 11101
Target 2 1118.2 1112.4 1113 1096
Target 3 1119.6 1111
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 21st to 25th Apr'14:
TREND
S&R
SPOT NIFTY {cmp 6815.35} ABOVE 6752.65 IT WILL FACE RESISTANCE 6840.15 - 6900.9 - 6988.4 BELOW 6752.65 IT WILL FIND SUPPORT 6691.9 - 6604.4 - 6543.65 BEARISH 6742
SPOT BANK NIFTY {cmp 12987.1} ABOVE 12711.2 IT WILL FACE RESISTANCE 12907.65 - 13028.05 - 13224.5 BELOW 12711.2 IT WILL FIND SUPPORT 12590.8 - 12394.35 - 12273.95 BULLISH 12733
MCX GOLD {CMP 28599 } BELOW 28564 IT WILL FIND SUPPORT 28142 - 27778 - 27356 ABOVE 28564 IT WILL FACE RESISTANCE 28927 - 29349 - 29713 MCX SILVER {CMP 42236} BELOW 42422 IT WILL FIND SUPPORT 41481 - 40584 - 39642 ABOVE 42422 IT WILL FACE RESISTANCE 43319 - 44261 - 45158 MCX CRUDE {CMP 6225} BELOW 6280 IT WILL FIND SUPPORT 6221 - 6154 - 6095 ABOVE 6280 IT WILL FACE RESISTANCE 6346 - 6405 - 6472 MCX NATURAL GAS {CMP 288.1} ABOVE 281 IT WILL FACE RESISTANCE 290.9 -296.4- 306.3 BELOW 281 IT WILL FIND SUPPORT 275.6 - 265.7 - 260.2 MCX COPPER {CMP 411} ABOVE 404.4 IT WILL FACE RESISTANCE 412.6 - 417.8 -426 BELOW 404.4 IT WILL FIND SUPPORT 399.2 - 391 - 385.8 MCX NICKEL {CMP 1115.1} ABOVE 1069.8 IT WILL FACE RESISTANCE 1105.9 - 1128.6 - 1164.7 BELOW 1069.8 IT WILL FIND SUPPORT 1047.1 - 1011 - 988.3 BULLISH 1078 BULLISH 406.3 BULLISH 281.5 BEARISH 6262 BULLISH 42385 BULLISH 28553

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.

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Om Vigneshwaraya Namah Om Sriram Om Sai ram