Wednesday, September 16, 2015

TECHNICAL ANALYSIS OF BHARATFORG & DAILY CHAR

APOLLOHOSP IS ON FIREEEEEEE !!!!!!!!!!!!!!!!!!!!!!! HIT FINAL TGT 1350 & MADE LOW OF 1333.85
FUTURE :
 “BULLISH BHARATFORG ABOVE 947 TGT  955/965” 
“BEARISH BHARATFORG BELOW 942 TGT 935/925”
DAILY CHAT FOR BHARATFORG

DAILY SUPPORT AND RESISTANCE FOR BHARATFORG
BHARATFORG levels generated based on 2015-09-16 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Levels
1023
1002
989
981
973
964
955
947
939
925
904
BHARATFORG Weekly levels generated for the week starting from 2015-09-14
Weekly
R3
R2
R1
REVERSAL
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
Levels
1100
1078
1064
1047
1042
1038
1033
1028
1011
997
984
SIMPLE MOVING AVERAGES
Days
BSE
NSE
30
1146.87
1147.85
50
1132.48
1133.05
150
1192.43
1192.70
200
1138.22
1138.43
MARKET SUMMARY FOR 16 SEP 2015
The Sensex is up 131.55 points or 0.5 percent at 25837.48 and the Nifty is up 30.05 points or 0.4 percent at 7859.15. About 1076 shares have advanced, 957 shares declined, and 77 shares are unchanged. Hero MotoCorp, Sun Pharma, Bajaj Auto, Bharti Airtel and Axis Bank are top gainers while BHEL, L&T, NTPC, Hindalco and Tata Steel. Technically it was an inside day for this index as its range was encompassed within the range of the previous day. Nifty future opened on a weak note and failed to cross the previous day high in the ensuing rally. The high reached in the early session was not crossed in subsequent rallies. The market turned range bound and there was a sharp selloff in the latter part of the session but it held on to the 7800 region. A weak pull back in the end of session helped it close off the intraday low. 



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