Trend4caster…..240815 daily
Industry trend will be a
daily report based on the various sectoral indices at NSE.
The price trend indicated
by NIFTY/SENSEX, at times, is too general as quite the stocks from quite a few
sectors move in contrast to the price trend indicated by NIFTY/SENSEX. With a
view to assess the strength/weakness/direction of price trend in each sector it
is necessary to analyse price trend, as indicated by the respective index separately.
The daily trend guide for
each index will be presented in a following order …close…. “Trend code visa B1,
B2B3, B4B5 for an uptrend and S1, S2, S3, S4, S5 for a down trend.”…..trailing
stop loss……R1R2 resistance levels for the day/S1S2 support levels for the day…..comment
if any
NIFTY: 8299……S2…..SL: 8564…..S1S2:
8214, 8170
NIFTY JUNIOR: 21046…..S2…….SL:
21237…..S1S2: 20918, 20698
CNX 500: 6961……S2……SL:
7086……S1S2: 6925, 6864
AUTO: 8381…..S2…….SL:
8600……S1S2: 8260, 8200
BANK NIFTY: 18057…..S2….SL:
18586……S1S2: 17948, 17757
ENERGY: 7998….S3:8260…….SL:7912,
S1S2: 7912, 7867…..BPP
FMCG: 20704……..B4…..SL:
20248…….R1R2: 20930, 21043
INFRA: 3113……S3…..SL:
3220…….S1S2: 3092, 3076…..BPP
IT: 12032…..S1…..SL:
12187……S1S2: 11928, 11737
MEDIA: 2352…….S2……SL:
2454…..S1S2: 2311, 2191
METAL: 1822…..S5…..SL:
1907…..S1S2: 1810, 1789
MNC: 10198……S2…..SL:
10348……S1S2: 10092, 10039
PHARMA: 13470…..B5…..SL:
13125….R1R2: 13691, 13905…..BPP
PSE: 3191…..S5…..SL: 3302…….S1S2:
3159, 3143…..BPP
PSU BANK: 3493…..S3…..SL:
3541…..S1S2: 3425, 3314
REALTY: 166.50……S5……SL:
176.90…..S1S2: 162.85, 161.25
SERVICE: 10749…..S3…...SL:
10994…….S1S2: 10696, 10545
BSE SENSEX: 27366……S3…..SL:
27851….S1S2: 27093, 26965
Disclaimer: I am
neither a certified research analyst nor an Investment Advisor. I am expressing
my personal opinion only out of my academic interest in Indian equities and
indices. I will not be responsible for
any loss arising out of my personal opinion appearing on this report. Investors
are advised to do own due diligence and/or consult financial consultant before
acting on any such information given in this report.
