BAMMIDI EMERGING ENTRY POINTS –
DAILY ENTRY &EXIT POINTS-BEEP-DEEP —21-10-14
16-10-2014- Monday-OVER-VIEW: As expected, Reliance
didn”t move, the fall is fast below 926 but recovered to trading range. The OMCs
move is highly appreciated. The ONGC move is also in line with our anlysis. The
Govt is now mulling dis-investment in ONGC by Nov-13, we thought it may take in
FY-15.The rest of action is on both sides.
21-10-2014-Tuesday-POSSIBLE-SCENARIO: The Govt is again bringing INSURANCE bill and Coal auctin process on
the table. So the related counters will be in action. The bottom support will
be intact for RelCap at 444-46, HDFC at 1006, Kotak at 996-93, SBI may find
strong support at 2496-2521 range.
The
PSU banks see some up move further.
DEEP-MARKET
ACTION
The
Nifty is good above 7915 and Bank Nifty in Bulls grip shall try to find lower
level level buying at 15850 range.
The
good results of SKS Finace may keep the stock to float above 304-06 and will
see upmove above 325 to 365-80 range
The ICICIBANK MAY TOUCH
1516-12 RANGE; THE SHORT-TERM resistance at 1548-52, may be observed.
The
YesBank move will be tepid, resistance at 618-21, willget support at lower
lever at 601-598
The Tata
Steel may bounce from lows as the bottom support at 442, the run will take
place due to short covering from 463.
The
Reliance is weak below 926 and will rise fast above 963, in between
consolidation.
The tech
stocks may consolidate at the bottom level.
The lower
lever support shall be used to buy OMCs for medium term gains.
NEWS
IMPACT: The
cosolidation of OMCs are on the cards
GLOBAL
INDICES NEWS: Thw IBM reported poor numbers stock tanked 7%
POLICY--NEWS:Govt move ordinance on coal block de-nationalisation.
ECONOMIC--NEWS:
As expected coal e-auction on the cards
and poolong of coal price to minimise the cost of production of power firms,
the impact is positive on power producers.
COMPANY
SPECIFIC-NEWS: The US is seriously considering action
against Sun and Drreddy
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