Capvision Investment Advisor’s Daily Recommendation For Equity Market 22-4-2015


MARKET WRAP FOR NIFTY & BANK NIFTY
Nifty:-
Tomorrow nifty has been opened gap down at 8446 and due to weakness in rupee, and was in consolidation phase but end of the day it had fallen up to 8376 and closed at 8424, total 636 stocks were advanced and 843 declined, 70 stocks remained unchanged.
Now nifty is taking support of trend line in daily chart as we can see in the charts so we can take a long position in nifty future from current levels for the targets of 8500-600 our stop loss would be 8350.
Bank Nifty:-
Just like nifty future there is a trend line also available in bank nifty future where bank nifty is taking support and 18000 is good psychological support level for bank nifty future so we can take a buy position in bank nifty future from 18250 for the targets of 18500-600 with stop loss of 17900.

Stock Recommendation:-
Nifty:-
Date and Time 22-04-15
Call: LONG
CMP: 8420.00
Initiation Level: CMP
Book Profit (Level 1):
8500
Book Profit (Level 2): 8600
Stop Loss: 8350
Conviction Level; moderate risk
Reason:
Taking Support from Trend line in daily chart
Short term Trend: RECOVERY
Medium Term Trend: UP
For the investor: LONG IN DEEP
For Aggressive Traders: SELL ON RISE
Support: 8400-8300
Resistance- 8750-8800
Duration: 1-3 Days

Bank Nifty:-

Date and Time 22-04-15
Stock: BANKNIFTY
Call: LONG
Initiation Level: 18250
Book Profit (Level 1):
18400
Book Profit (Level 2): 18600
Stop Loss: 17900.
Reason: Taking support from trend line
Short term Trend: UP
Medium Term Trend: DOWN
For the Investor: LONG IN DEEP.
For Aggressive Traders: SELL ON RISE.
Support: 17950-17800
Duration: 1-3Days

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