DEEP-MARKET ACTION-27-10-14, Monday

BAMMIDI EMERGING ENTRY POINTS –

DAILY ENTRY &EXIT POINTS-BEEP-DEEP —27-10-14-Monday

The Nifty is likely to shuttle between 8140-7930. Bank Nifty broadly between 16750-15850.

DEEP-MARKET ACTION

NIFTY HAS RESISTANCE AT 8064-72 RANGE AND SUPPORT AT 7991-89 LEVEL

Reliance increased PTA price despite the drop in crude prices, will get support at 942-39 level will face resistance at 967 level, buy on declines scrip.

ONGC fell from 929 level 396, likely to cross 406 resistance may touch 411-14 range.

The OMCs will resume , BPCL support at 682-79, HPCL 491-87 and IOC at 366-64 is goo place to buy and even average if they break the support levels for decent gain in this week.

The power stocks will gain momentum, RelInfra support at 569-67, the stock may cross 606-611 easily.

The SBI&ICICI is in consolidation phase.

The Relcap has support at 456-58, can go up to 490+ in days to come.

The HUL is feeling heavy at 760-775 range, unless it trades above 770 with the results out-come, can see lower levels below 691 in days to come as the GST play is over.

The momentum stocks like ADANI, CENTURY, BHARATFORGE, APOLLO HOSPITALS, ARVIND MAY SEE SOME CONSOLIDATION TO UPWARD BIAS.