Nifty and Stock Analysis by using point and figure: CHART STUDY THROUGH POINT AND FIGURE

Date: 19^th November 2013

Dear all

As I mentioned in my today's post that nifty should bounce from this levels to till 6150-6190 and it happened … The major trend of nifty is still looking in up side so without confirmation we will not take any short position. We will wait for fresh short but above 6160 we can take long position with column reversal of 50 point stop loss . Still I am expecting that nifty should come in up side till 6250 , 6290…

Today I am sending you two buy call one is from banking sector and another is from metal …

Bank nifty is still looking attractive because of that I have chosen one buy stock from banking for tomorrow …

BUY AND HOLD BANKINDIA BETWEEN 238-241 SL 212 TGT 270 , 300 (ALL LEVELS ARE ON CLOSING BASIS)