Daily Research Report 16 Dec 2013

NIFTY Futures:

SELL NIFTY DEC @ 6190 Target : 6110  SL: 6220

Bank Nifty futures:

SELL Bank Nifty DEC @ 11430  Target : 11190  SL: 11490

Stock Futures Recommendations:

1)SELL R POWER  DEC @ 71 Tgt : 68  SL: 72.10

2) SELL INDUS BANK   DEC @ 420  Tgt : 410  SL : 423

3) SELL HDFC BANK  DEC @ 689 Tgt : 680  SL : 692

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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.