BAMMIDI EMERGING ENTRY POINTS –BEEP
DAILY ENTRY &EXIT POINTS-BEEP-DEEP —28-10-14
27-10-2014- Monday-Review: The
markets as expected fell from the top, resistance at 7062 level took support at
7985 level. The Reliance took down move but above the support level.
The HUL down ward journey as expected gave 5%
fall.
The Yesbank registered stellar gain once
crossed the resistance at 531. The
ONGC and OMC are the misses.
----In
the broad market the BHEL and BEML are gaining day after day with bulls
support. The Eicher motors also riding the BULLET boom.
The
results dampened the JUST DIAL stock tanked by more than 10%,
All
the reality stocks took a beating, fell by 5%, DLF double fall by 8 odd%
DEEP ACTION for 28-10-2014-TUESDAY:
Market
may see a serious correction on the proposed/ongoing political battle of BLACK
MONEY at least on the short-term. The holdings in mid- caps and high beta
stocks shall be reduced by 70%. It got a serious reason to play on down side.
Technically,
Nifty has to trade above 8035, B-Nifty has to trade above 16480 for all good
reasons. The bottom support for Nifty stands good at 7930 and Bank Nifty 16180,
any downward breach shall be used for shorting.
Today
Nifty resistance at 8014-18, support at 7952-48 and 7936-39
The
Reliance has to trade above 932 and ONGC above 393 for BULLs sake.
The
SBI resistance at 2609-11, ICICI resistance at 1582-84, any move below 1565
will take it to 1518-14 range. But these are in consolidation mode.
The
Anil group stock are being down played by markets, Relcap, Rel Infra, RCOM,
R-power are no longer enjoying BULLs support, wait for some time.
The
PSU Banks may see consolidation moves….
The STOCK-O-METER is back:
STOCKS Performance Monitor: YESTERDAY SUGGESTED
NIFTY HAS RESISTANCE AT 8064-72 RANGE AND SUPPORT AT
7991-89 LEVEL
NIFTY High/Low-8064.4/7985.65; B-Nifty- High/Low- 16664/16471;
Reliance- High/Low- 963.95/936.8, ONGC-High/Low- 406/393.60:
RelInfra - High/Low- 581/565;
HUL High/Low- 766.05/715.5; RelCap- High/Low-469.5/453.5
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