Friday, October 30, 2015

TECHNICAL ANALYSIS OF ASIANPAINT

YESTERDAY UPL IS ON FIREEEEEEE !!!!!!!!!!!!!!!!!!!!!
IN BULLISH MOMENTUM : UPL HIT FIRST TGT 482 MADE HIGH OF 483.30
THEN BEARS COMES IN ACTION AND ALMOST HIT FINAL TGT 462 & MADE LOW OF 463.30
FUTURE :
“BULLISH ASIANPAINT ABOVE 833 TGT  837/842”
“BEARISH ASIANPAINT BELOW 830 TGT 826/822”
DAILY CHAT FOR ASIANPAINT
DAILY& WEEKLY SUPPORT AND RESISTANCE FOR ASIANPAINT
ASIANPAINT  levels generated based on 2015-10-30 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
889
867
853
845
836
826
817
808
800
786
764
ASIANPAINT  Weekly levels generated for the week starting from 2015-10-26
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
956
935
900
879
852
844
837
830
822
796
774
753
739
MARKET SUMMARY FOR  30 OCTOBER 2015
Dragged by weak corporate earnings, the market is sliding further. The Sensex is down 56 points at 26781 and the Nifty slips 6.25 points at 8105. The October series ended on a weak note as Nifty future breached the 8130 support but the last citadel of bulls, the 8100-8090 region is still holding and once this level too is taken out, fresh offloading is likely as the bears will tighten their grip. If, however, this level holds some recovery is likely and Nifty future must initially sustain decisively above 8130 and then take out the 8200 level decisively for any semblance of bullishness at this stage.
Top Gainers                                                                           
Company
Price
% Gain
NTPC
134.20
4.88
Hindalco
85.95
3.24
Yes Bank
761.00
2.34
Kotak Mahindra
679.00
2.26
Grasim
3,747.80
2.06

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