Weekly wrap:Trading strategies


Weekly wrap

Nifty view for the week

Bullish weekly close raises the hopes of bulls. 5150 – 5200 range may prove as a resistance this week.Any correction from this range should now find support near 5000 – 4950, which may be used as positional buying opportunity for upside till 5200 and beyond that 5300 in next few weeks.

Sector in Focus: BSE Realty Index

BSE Sensex exhibited a sharp rally in the previous week and now, the short term trend has changed in the upward direction. Immediate target for BSE Sensex is placed at 17,000 mark where exponential 200 – DMA also located. The zone of 16,400 – 16,300 is expected to provide strong support if any correction is seen. BSE Sensex has to maintain 16,000 mark on closing basis for continuing the current uptrend.

On sector specific, BSE Realty Index is highly oversold and now turning in upward direction. On weekly chart, it has already given breakout of ‘Falling Wedge’ patten and now expected to show sharp uptrend. In such scenario, the stocks like DLF, HDIL and IBRealestate are good trading and investment bets for short to medium term basis.

Debt Report Weekly

10 Year Yield likely to move in the range of 8.10/8.18% levels.

Commodity pick of the week: Copper

Strategy: Sell on rise till 410 with stop loss above 420 Target 390, 380.

Copper_Commodities_POW_110612.pdf
Debt_Market_Report_090612.pdf
Sector_in_Focus_110612.pdf
Weekly_Technical_View_110612.pdf

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