TECHNICAL ANALYSIS OF UPL & DAILY CHART

Yesterday’s DISHTV Future Call almost achieved final tgt of 111 made low of 112.05

FUTURE :

“BULLISH UPL ABOVE 540  TGT 546/555”

 “BEARISH UPL BELOW 530  TGT 524/515”

DAILY RESISTANCE: 539, 551, 570, 589
DAILY PIVOT POINT: 532
DAILY SUPPORT:  520, 513, 494, 475

DAILY CHATS

UPCOMING RESULT: UPL

Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 545, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 550/555.

Simple Moving Averages

Days	BSE	NSE
30	538.21	538.37
50	536.52	536.65
150	455.40	455.46
200	425.75	425.81

PROFIT SUMMARY FOR 27 JULY 2015

It was a day of consolidation with the benchmark indices falling for the fourth consecutive session Tuesday. Select banking & financials, auto and pharma stocks dragged the market lower in the last couple of hours of trade. Shares of ICICI Bank, Tata Motors, Hero Motocorp and Dr Reddy's Labs plunged 2-3 percent while HDFC Bank, NTPC, BHEL and Axis Bank were top gainers, up 1-2 percent.The Sensex ended 102 points or 0.3% down at 27,459 while the Nifty ended below 8,350 at 8,337 levels, down by 24 points or 0.3%.Markets opened on a weak note with a downside gap on weak global cues and tanked further on spree of adverse news. Technically, Nifty futures had turned weak having closed below 8546 on Friday and below 8470, the bears had a field day as they hammered the index to a two week low closing. On the higher side, though 8415 is the immediate resistance, 8438 is the strong supply zone now which must be taken out for signalling that the slide has stopped. It closed the day around an important level around 8373 and if this support is breached, it is likely to seek lower levels.Below 8275 there could be a fresh bout of panic. A close above 8570 will, however, negate the bearish outlook.