TECHNICAL ANALYSIS OF UPL & DAILY CHART

YESTERDAY ULTRACEMCO ROCKSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

IN BEARISH MOMENTUM : ULTRACEMCO HIT FINAL TGT 2750 & MADE LOW OF 2728.35

THEN BULLS COMES IN ACTION AND HIT THE FIRST TGT 2810 & MADE LOW OF 2814.35 

FUTURE :

 “BULLISH UPL ABOVE 467 TGT  474/478” 

“BEARISH UPL BELOW 464 TGT 458/454”

DAILY CHAT FOR UPL

DAILY & WEEKLY SUPPORT AND RESISTANCE FOR UPL

UPL levels generated based on 2015-09-24 data for the next trading day.

Daily	R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
Level	479	474	471	469	467	465	463	461	459	456	451

UPL Weekly levels generated for the week starting from 2015-09-21

Weekly	R3	R2	R1	REV	BULL	LOC	BEAR	REV	S1	S2	S3	S4
Levels	543	522	509	494	489	485	481	476	460	447	435	427

SIMPLE MOVING AVERAGES

Days	BSE	NSE
30	516.50	516.49
50	526.75	526.76
150	497.79	497.84
200	463.25	463.30

MARKET SUMMARY FOR 24 SEPTEMBER 2015

The Nifty rose 22.55 points to 7868.50 and the Sensex gained 40.51 points at 25863.50. The market breadth was positive as about 1444 shares advanced against 1238 shares declined on the Bombay Stock Exchange. For September series, the Nifty lost 1 percent and the Sensex declined 1.4 percent while for the week, benchmark indices shed 1.4 percent. After a consolidation in narrow range, the Nifty closed marginally higher on Thursday, the expiry day for September Futures & Options contract. The markets are exhibiting a lot of volatility. Although this is a good opportunity for traders but using strict stops and caution is advised. A gap down open marked last day’s session and Nifty future posted the low of 7713.95 in the opening phase itself. There was a slow and steady recovery for the rest of the day that peaked out around 7889 and some profit booking was seen in the end of session. This resulted in Nifty future closing off the high of the day but closed to it and in the positive despite a weak opening. 7865-7875 is the immediate resistance which must be crossed decisively for the initial signal of strength.