MARKET REVIEW FOR 2-6-16

Double Top Formation If Nifty Not cross and hold 8230 Short term correction likely whereas Decent buying opportunity
Script Name	Trend		Closing price			Recommendations
Nifty Spot	UP		8179			Buying above 8250
Nifty Future	Up		8194			Above 8230 more up side
Bank -Future	Up		17419			Above 17700 big move
Axis Bank	Up		516			Decline to buy side with consider support 500
ICICI Bank	Up		236			Heading towards 250 257
Yes Bank	Up		1023			Above 1000 looks good
SBI	Up		195			200 is a trend decider below sell, above buy
BOB	Down		139			Buy on decline stop loss..................
Reliance	Up		959			Decline to buy side
LT	Up		1476			Above 1500 looks hot
Tata Steel	Up		33			Our buy call 320 and still holding - very hot.
Telco	Up		447			Decent support and break out level 430 now support
HDFC	Up		1246			Buy on decline
LIC Housing	Up		469			Buy for new high
Can Bank	Up		197			Profit booking seen
HPCL	Up		912			Time to avoid
Lupin	Down		1499			Time for consolidation
Sun Pharma	Down		760			Trade short with tight stop loss
Rel Capital	Up		404			Break out stocks
Bharti Tele	Up		363			Above 355 looks good
TCS	Up		2625			Decline to buy side
DLF	Up		131			Buy and decline for big move
Voltas	Up		335			Higher level cautious approach