Wednesday, July 22, 2015

TECHNICAL ANALYSIS OF BHEL & DAILY CHART

POSITIONAL :
“BUY BHEL ABOVE 290 TGT 300/310”

DAILY RESISTANCE: 287, 290, 296,302
DAILY PIVOT POINT: 284
DAILY SUPPORT:  281, 278, 272, 266









Moving Average of Bharat Heavy Electricals Ltd.
MA Type
Fifty Days
Hundred Days
Two Hundred Days
SMA
251.072
247.406
251.667
EMA
256.143
251.927
246.28
MARKET SUMMARY FOR 22 JULY 2015
Sensex rocketed 323 points to close above 28,500. NSE index rose nearly 1 percent on Wednesday, heading towards its highest close in more than three months, on bargain-hunting in beaten down stocks such as Sun Pharmaceutical Industries. The benchmark  Sensex bounced back in style, bucking the sluggish global cues and were trading near the highs of the day in the early noon session.
SECTORS & STOCKS
All the sectoral indices ended in the green, with the exception of the IT space.The BSE Oil & Gas index jumped by more than 2% to emerge as the top sectoral gainer on the BSE. Reliance Industries was the leading Sensex gainer, vaulting by 4.2% at Rs 1,050 ahead of its April-June earnings on Friday. Analysts expect Reliance’s gross refining margins (GRM) to come at $9.5 in the June quarter, while petchem margins could compensate and provide the kicker. RIL has galloped by nearly 15% since mid-June after annopuncing plans to launch Reliance Jio. Among other oil stocks, HPCL, BPCL, IOC and Coal India have gained about 2% each.The banking stocks , with ICICI Bank, SBI Bank and HDFC Bank strengthening by 1-2% each. The auto stocks also had a great ride, with M&M, Bajaj Auto, Maruti and Hero Motocorp gaining 1-3% each.Sun Pharma, which had recorded its biggest single-day decline of 15% in the previous session due to a bleak profit warning, rebounded by 3%. Hindustan Unilever, which had shed about 2% post its Q1 numbers on Tuesday, also gained 2% during the day.

No comments:

Post a Comment