Bank Nifty, Axis Bank & Torrent power Tips

Just see how Petronet, Gail , Divis Lab etc

traded as yesterday as mentioned in our yesterday post


Bank Nifty spot

Below 11411 see bloodbath up to 11336-11311.

Hurdle at 11562.

Axis Bank

Sell on rise or break below 1333

See non stop slide up to 1305.

Torrent Power

Sell Torrent power at 162

Stoploss above 164

Target = 159-158

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Stock Market Guesstimate: BankNifty Spot, JP Associates, Emami Ltd, LIC Housing finance & Bajaj Holding & Investment


BankNifty Spot

Support at 12290-12270.

If trades above 12330 for 20 minutes

then expect rally up to 12344-12365.

Crucial support at 12230-12250.

JP- Asso

JP Asso

This counter has started correcting

 from 106.70 high on 12.12.12.

It has completed 161.80 % Retracement

(measuring from low at 84.60.

on 21.11.12 to high at 106.70 on 12.12.12.

69-71 is a good support zone.

Trader can enter long in this region with

price expectation of 76-79 area.

Emami Ltd.

Closing : 622.

On 12th Feb 13 made breakout of 600 region.

Since then consolidated for 3-4 sessions.

Traders can enter long with sl below 613 for

Target at 644-652.


LIC Housing fin.

This counter kissed 300 on 02.01.13

since then witnessed sharp fall.

As per fib ratios 242-240 is good support zone.

( Measuring 261.80 % ret from 290.45 high

on 04.02.13 to 272.45 low on 24.01.13).

During this pullback price may rally up to 250-254.


Bajaj Holding & Inv

Support at 954-956.

Sell on break below 950.

Target = 940-934-928.

Exit short above 956.

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Share Tips for Banknifty Sopt, ONGC, Tech Mahindra, PNB & Shri Ram Transport fin


Banknifty spot

Bears will kill below 12660.

Break below 12523 Expect nonstop

panic up to 12419-12331-12226.


Below 330 Bears will dominate the short term trend.

Break below 324 except slide up to 320-318.


Shri Ram Transport fin.

Buyers zone at 768-764

Expect Bounce up to 780

Support at 767-763.

Break below may take 754-744.

Tech Mahindra

Hurdle at 997-1005

If breks below 984 and sustains for 20-30 minutes

then expect sell off up to 968.


Sell below 877

Non stop slide up to 862-855.

Exit short above 892

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Bank Nifty & Axis Bank’s Guestimate


Bank Nifty Spot

Above 12708 Bulls have upper hand.

Hurdle at 12810-12828.

Crossover above 12842 may take up to 12875-12904.

Hurdle at 12900-12935.

Break below 12690 except slide up to 12600-12585.


Axis Bank

Resistance at 1430-1436

Trends looking tired at resistance zone.

Prices are diverging with Oscillators on short term trend.

If not able to sustain above 1435 then slide up to 1382 not ruled out.

Closing below 1478 may take lower up to 1350 in non-stop slide.

Decisive break above 1435 blast up to 1457-1457.

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BankNifty Spot Call For Subscribers


 12680-12725 short term hurdle.

Crossover above 12725 may revive strength and

march upward up to 12790-12820.

Major support at 12580-12600.

Decisive break below 12580 may take it up to 12461 in panic.

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BankNifty Spot Trade Setup


Bank Nifty Spot

Hurdle at 12754.

Sell on rise.

Minor support at 12580.

Break below 12580 with closing may

take it up to 12406-12226.

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