Daily Research Report 05 Sep 2013


NIFTY Futures:

BUY NIFTY SEPT @ 5510 Target: 5570 SL: 5480
Bank Nifty futures:
BUY Bank Nifty SEPT @ 9050 Target: 9350 SL: 8950
Stock Futures Recommendations:
1) BUY AXISBANK SEPT@ 815 Tgt: 845 SL: 802
2) BUY LT SEPT@ 705 Tgt: 750 SL:695

3) Buy Indusind Bank SEPT @ 369  Tgt : 381 SL: 365

4) Buy SBI SEPT@ 1490/1495  Tgt: 1525 SL : 1485

5) Buy HDFC Bank SEPT @ 565 Tgt: 585 Sl : 557

6) BUY ITC SEPT @ 298/300 Tgt : 315  SL: 293

7) Buy TATACHEM SEPT @ 235/238   Tgt:  250 SL: 228

These Recommendations are based on TECHNICAL ANALAYSIS, THEORY, RESEARCH and NEWS. Due care has been taken while preparing these comments, no responsibility will be assumed by author for the consequences what so ever, resulting out of acting on these recommendations we are not responsible for any losses made by traders. The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis and news. The author does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. Neither the author nor his company either trade or have position in any Call mentioned in this column.