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Highlights:
Today Metal, Power & Sugar sectors have performed well. Some of the Sugar and Power sectors
have given breakout. Experienced can take positions based on the consolidation or immediate
movement of such stocks.
Nifty and major Sectors indices charts are resting at 50% Adv- Decline level and poised to move in
the direction of Nifty. Global Indices direction is in the upward trend and Nifty is in positive bias. If
Asian Markets are flat to positive then you can consider taking positions in the below stocks.
Yesterdays stocks performed very well. We have adopted a different strategy to pick today (From all
Sectors), so exercise caution.
Closing
SYMBOL Price Pivot Res1 Res2 Support1 Support2
SAIL 179.8 178.9 181.7 183.7 176.9 174.0
HINDALCO 135.4 133.7 138.5 141.5 130.6 125.8
SBIN 2,272.5 2,244.5 2,314.0 2,355.5 2,203.0 2,133.5
GMRINFRA 72.2 71.9 73.8 75.3 70.4 68.5
IVRCLINFRA 411.7 404.2 421.4 431.1 394.5 377.3
M&M 971.0 956.8 995.6 1,020.2 932.2 893.4
STER 855.8 842.6 876.1 896.4 822.3 788.9
CAIRN 280.5 277.1 288.8 297.0 268.9 257.2
BANKBARODA 509.7 506.6 517.1 524.6 499.1 488.6
Market Intelligence:
Below are the stocks which have been traded with huge volume and above 5% Gain. Experience
traders can watch out for breakout stocks and take positions accordingly.
Disclaimer: Trading in the stock market involves High Risk & High Return and there are every chances of making losses. The
recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. These
recommendations are based on author’s personal observations and on the study of technical analysis and hence, do not reflect the
fundamental validity of the script. However due care has been taken by the author while preparing these recommendations. Author and
contributors may be trading in, or have positions in the securities mentioned in their recommendations. www.invst -avenue.com team
does not accept any financial and/or legal responsibility arising out of use of the above information/article.
STOCK PICKS FROM SHININ CAPITAL – WWW.INVST-AVENUE.COM
Note:
Pivot Point: This is trigger point for Intra Day buy/sell based on the price range of the previous day based on NSE
prices.R1: Resistance one: 1st Resistance over PP. R2: Resistance two: 2nd Resistance over R1.
S1: Support one: 1st support after PP. S2: Support two: 2nd support after S1.
As per the tool, the trader should take BUY position just above Pivot Point and keep the stop loss of Pivot Point
and the first target would be R1. If R1 is crossed then R2 becomes the next target with the stop loss at R1.
Similarly if price goes below Pivot Point the trader should SELL and keep the Pivot Point as Stop loss and the
first target would be S1. If S1 is crossed then S2 becomes the next target with the stop loss at S1.
Disclaimer: Trading in the stock market involves High Risk & High Return and there are every chances of making losses. The
recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. These
recommendations are based on author’s personal observations and on the study of technical analysis and hence, do not reflect the
fundamental validity of the script. However due care has been taken by the author while preparing these recommendations. Author and
contributors may be trading in, or have positions in the securities mentioned in their recommendations. www.invst -avenue.com team
does not accept any financial and/or legal responsibility arising out of use of the above information/article.