Cap vision Researchers Opinion for Today’s Market 19-2-2015

MARKET WRAP FOR NIFTY & BANK NIFTY
Nifty:-
Today nifty ware opens at 8812.70, and then nifty took high of 8861.85. After this nifty ware consolidate in the range of 8860-8835, then break upside and made a new high of the day of 8893.90, close at 8866. Nifty index advances 35, declines 15. NSE advances 741 declines 451, unchanged 42.so, and recommendation for nifty to long for 9100, in short-term.
Indicators MADC and RSI are break out (RSI on Moving avg.) in daily charts.
Basis on indicators and pattern it should long for 8950-9100.

Bank Nifty:-
Today Bank nifty ware opens at 19260. Then bank nifty ware up to 19399.80, then bank nifty ware range bound to 19410-19250, after break upside and made high of 19485, close at 19409.70. In Bank Nifty index advances 8 declines 4. So, recommendation for bank nifty to long for 19800, in short-term. There is RSI cross over on simple moving average-11(50.95) MACD line took support of 0 levels (13.30).
Basis on indicators and pattern it should move in the range of 19500-20000.
So recommendation for Bank nifty to long for 19800 sl .19250.

Stock Recommendation
Nifty:-
Date and Time 19-02-15
Call: LONG
CMP: 8807.65
Initiation Level: 8900
Book Profit (Level 1):
8950
Book Profit (Level 2): 9100
Stop Loss: 8800
Conviction Level; moderate risk
Reason: CORRECTION
Short term Trend: CORRECTION
Medium Term Trend: UP
For the investor: LONG IN DEEP
For Aggressive Traders: SELL ON RISE
Support: 8700-8600
Resistance- 9030.
Duration: 1-2 Days
Bank Nifty:-

Date and Time 19-02-15
Stock: BANKNIFTY
Call: long
Initiation Level: 19500
Book Profit (Level 1):
19600
Book Profit (Level 2): 19900
Stop Loss: 19200.
Conviction Level: moderate risk
Reason: consolidate.
Short term Trend: CORRECTIVE
Medium Term Trend: UP
For the Investor: LONG IN DEEP.
For Aggressive Traders: SELL ON RISE.
Support: 19000-18500
Duration: 1-2 Days
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