TECHNICAL ANALYSIS FOR TATASTEEL AND DAILY CHART

ZEEL ALMOST HIT FIRST TGT 404 MADE HIGH OF 403.75

FUTURE :

“BULLISH TATASTEEL ABOVE 245 TGT  249/253”

“BEARISH TATASTEEL BELOW 242 TGT 238/234”

DAILY CHAT FOR TATASTEEL:

DAILY & WEEKLY SUPPORT AND RESISTANCE FOR TATASTEEL:

TATASTEEL levels generated based on 2015-12-07 data for the next trading day.

Daily	R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
Leve;l	248	246	244	243	242	241	239	238	237	236	233

TATASTEEL Weekly levels generated for the week starting from 2015-12-07

Weekly	R4	R3	R2	R1	REV	BULL	LOC	BEAR	REV	S1	S2	S3	S4
Levels	265	261	254	250	245	244	242	241	239	234	230	226	224

MARKET SUMMARY FOR 07 DEC 2015

A gap down opening was followed by further slide as nifty future headed towards the 800 region but steered clear of breaking this important support though the underlying spot Nifty breached it. Below 7800 level, further offloading by the bulls is likely as the bears tighten their grip. If, however, 7800-7820 region holds, a weak pull back to the 7920 region may be expected. It must clear the 8005 region decisively for signaling that it is out of the woods.

Top Gainers: 

SUN PHARMA (3.0%), HUL (2.0%), TATA STEEL (1.4%), HDFC (1.2%), LUPIN (1.1%) 
Top Losers: 
ITC (6.6%), COAL INDIA (2.1%), ONGC (1.4%), RIL (1.1%), MARUTI SUZUKI (0.9%)