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Daily Chartist View: 26 February 2013

The daily chartist view provides analysis and recommendations for trading futures contracts. It summarizes that the Nifty index ended flat on Monday and highlights sell recommendations for futures contracts in Sun TV and Bata India based on rising wedge patterns forming in 15-minute charts. Target prices and stop loss levels are provided. It also notes the performance of past recommendations, including hits on targets for DLF and IFCI futures.

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17 views

Daily Chartist View: 26 February 2013

The daily chartist view provides analysis and recommendations for trading futures contracts. It summarizes that the Nifty index ended flat on Monday and highlights sell recommendations for futures contracts in Sun TV and Bata India based on rising wedge patterns forming in 15-minute charts. Target prices and stop loss levels are provided. It also notes the performance of past recommendations, including hits on targets for DLF and IFCI futures.

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api-196234891
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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26TH February 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded volatile and ended flat on Monday Nifty Future ended 3.85 points up at 5857.80 DLF Future sell call hits final tg 272, and IFCI Future sell call executed. Investors are advised to book profit in DLF future and take position in fresh calls provided below. Sell Sun Tv future below 425 for targets 422/417 with sl 429.45 Sell Bata India future below 777 for targets 771/761 with sl 787.45.

Past Performance:

DLF future hits final tg 272. IFCI future executed. Sun Tv future hits final tg 438. Hindalco future remained unexecuted. Bharti Airtel future hits final tg 317, low of 312 IOC future sell call hits 1st tg 316. Bajaj Auto future hits almost final tg 2020 . Havells sell call hit both targets.

SUN TV FUTURE RISING WEDGE


SELL BELOW 425 FOR TARGETS 422/417 SL 429.45

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

Sell Sun Tv future below 425 Sun Tv future is making a Rising Wedge pattern on 15 minutes charts. Currently trading at 427.05 Investors are advised to sell below 425, break out is yet to come. Targets are 422/417 and SL at 429.45. This is an intraday call as the pattern is forming on 15 minutes chart.

BATA INDIA FUTURE RISING WEDGE


SELL BELOW 777 FOR TARGETS 771/761 SL 787.45

Sell Bata India future below 777 Bata India future is making a Rising Wedge pattern on 15 minutes chart. Currently trading at 784.90 Investors are advised to sell below 777 for targets 771/761, Breakout is yet to come. Targets are 771/761 and SL recommended is 787.45

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