Friday, 27 November 2015

TECHNICAL ANALYSIS FOR SUNPHARMA AND DAILY CHART

FUTURE :
“BULLISH SUNPHARMA ABOVE 744 TGT  752/760”
“BEARISH SUNPHARMA BELOW 740 TGT 735/728”
DAILY CHAT FOR SUNPHARMA:
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR SUNPHARMA:
SUNPHARMA levels generated based on 2015-11-27 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Levels
750
747
743
740
737
735
733
735
730
728
723
SUNPHARMA Weekly levels generated for the week starting from 2015-11-23
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
787
777
760
749
736
732
729
726
722
709
698
688
681

Smooth start to December series...Nifty back above 7900
After a poor November series, indices have started off the December series on a smooth note. Equity market ended with smart gains on Friday ignoring negative cues from Asian and European markets. The possibility of a breakthrough on the GST bill buoyed investor sentiments at the start of the December F&O series.  Sensex ended the day 169 points, or 0.65 per cent, higher at 26,128 while the Nifty50 closed at 7,942, up 59 points or 0.75 per cent. The outlook is a positive start. The indices could swing later in the day especially towards the end on account of F&O expiry. Nifty Future displayed strength on the day of expiration of the November derivatives and closed the day in the positive. The 7940 region is likely to offer some resistance and once this region is taken out, fresh momentum is likely and the index may then rally to the level of 7963 before making an attempt at the 8000 region. The 7880-7900 may now be considered a good support region and a decisive breach of this zone could lead to retest of the earlier supports. 7800-7775 is an important support zone and weakness will be signaled if breached. 7725 is the key support now and a break of this level will lead to panic offloading.
TOP GAINERS AND LOSERS ARE:
Top Gainers:
HINDALCO (3.6%), SBI (2.6%), L&T (2.3%), VEDANTA (2.0%), ICICI BANK (1.9%) Top Losers: LUPIN (1.4%), TATA MOTORS (1.0%), RIL (0.9%), BAJAJ AUTO (0.8%), GAIL (0.7%) 





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