Thursday, October 29, 2015

TECHNICAL ANALYSIS OF UPL & EXPIRY TODAY

YESTERDAY INFRATEL HIT FIRST TGT 384
FUTURE :
“BULLISH UPL ABOVE 477 TGT  482/487”
“BEARISH UPL BELOW 473 TGT 468/462”
DAILY CHAT FOR UPL
DAILY& WEEKLY SUPPORT AND RESISTANCE FOR UPL
UPL levels generated based on 2015-10-28 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
491
485
481
479
477
474
472
470
468
464
458
UPL 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
561
544
515
497
475
468
463
457
451
429
411
393
382
SIMPLE MOVING AVERAGES& MARKET SUMMARY FOR 29 OCTOBER 2015

Days
BSE
NSE
30
468.90
468.81
50
492.13
492.12
150
504.24
504.25
200
478.21
478.27
MARKET SUMMARY FOR 29 OCTOBER 2015
The market ended lower on October F&O series expiry day. The Sensex was down 201 points or 0.7 percent at 26838 and the Nifty slipped 59 points or 0.7 percent at 8111.The Nifty is trading in a narrow range in the past couple of days with a negative bias, but come the November series we may see some frantic rollover activity as lot sizes for most stocks as well as indices are about to change. The value of minimum derivative contract size will increase to Rs 5,00,000 from Rs 2,00,000 when the October series expires on Thursday. The NSE has tripled the lot sizes of Nifty futures to 75 from 25, resulting in a spike in margin requirements by about t . The Nifty closed below its crucial psychological level of 8,200 on Wednesday, and if it fails to hold on to 8,150, then further selling could be seen, which may take Nifty towards the 8,000 level or 7900.


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