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Daily Chartist View: 2 JULY 2013

The daily chartist view document provides the following highlights from Monday: - The Nifty traded higher and ended in the green, with the Nifty Future up 50.75 points at 5892.20. - It recommends buying Allahabad Bank above 95.25 with targets of 96.50/98.00 and a stop loss of 94.00. - It recommends buying Wipro above 352 with targets of 357/363 and a stop loss of 347.

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13 views

Daily Chartist View: 2 JULY 2013

The daily chartist view document provides the following highlights from Monday: - The Nifty traded higher and ended in the green, with the Nifty Future up 50.75 points at 5892.20. - It recommends buying Allahabad Bank above 95.25 with targets of 96.50/98.00 and a stop loss of 94.00. - It recommends buying Wipro above 352 with targets of 357/363 and a stop loss of 347.

Uploaded by

api-212478941
Copyright
© Attribution Non-Commercial (BY-NC)
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2nd JULY 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights
MONDAY

Nifty traded HIGHER and ended in GREEN on Nifty Future 50.75 points UP at 5892.20 Buy ALBK above 95.25 targets 96.50/98.00 sl 94.00 Buy WIPRO above 352 targets 357/363 sl 347

Past Performance:
YES BANK HIT 1ST TGT AURO PHARMA HIT BOTH TGT AXIS BANK HIT BOTH TGT GAIL INDIA HIT BOTH TGT COAL INDIA HIT 1ST TGT CENTURI TEXTILE HIT 1ST TGT and almost HIT 2ND TGT CESC HIT 1ST TGT ADANI PORTS HIT BOTH TGTS YES BANK HIT 1ST & 2ND TGTS ADANI ENT HIT 1ST TGT and almost HIT 2ND TGT

ALLAHABAD BANK
BUY ABOVE 95.25 TARGETS 96.50/98.00 SL 94.00

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

The chart shown is DAILY. Stock break down support level at 120 and make a low of 86.35. In upper circle 1st red candle favor the downtrend and 2nd green candle is nearly Bullish Hammer, it is close near its high and previous candle high. Last green candle is Bullish Belt Hold Line, which close near its high and previous three candles high. RSI moving upwards and just crosses level 30. Volume also increases for last green candles.

WIPRO
BUY ABOVE 352 TARGETS 357/363 SL 347

The chart shown is DAILY. In circle first and last three candles form a Tweezers Top and make a high of 352. From starting (in circle), third candle is Bullish hammer, which help the stock to traded upward. Last green candle is important. This formed the tweezers top with other candle, but it is closes above 200-day EMA and rest of the candle (in circle) does not close above it. RSI is also moving upward.

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