TECHNICAL ANALYSIS OF AMBUJACEM & DAILY CHART

FUTURE :

“BEARISH AMBUJACEM BELOW 240  TGT 235/233”

 “BULLISH AMBUJACEM ABOVE 243  TGT 246/250”

DAILY RESISTANCE: 243, 246, 251,256
DAILY PIVOT POINT: 241
DAILY SUPPORT:  238, 236, 231, 226

DAILY CHATS

UPCOMING RESULT: AMBUJACEM

MARKET SUMMARY FOR 24 JULY 2015

The market is still down. The Sensex is down 64 points at 28306 and the Nifty is down 13.00 points at 8576. Axis Bank, Hindalco, TCS, Bajaj Auto and Sun Pharma are top gainers in the Sensex. Among the losers are Wipro, ICICI Bank, GAIL, M&M and Lupin are among losers.The market fell for the second consecutive session on Friday due to continued logjam in parliament for the fourth day and weak Asian cues. Disappointed earnings from Crompton, M&M Financial, TVS Motor and rising NPA woes in banks also dented sentiment. Sensex lost 258 points or 0.91 percent to 28,112 and the Nifty fell 68 points or 0.79 percent to 8521. The market breadth was also weak as about 1587 shares declined against 1272 shares advanced on the Bombay Stock Exchange. Markets remained bearish during the session and finished the day on a dismal note with Nifty closing below the 8,550 mark as investors remained cautious on tepid quarterly earnings coupled with lack of progress in the passage of key reforms in the Monsoon session of Parliament.

TODAY RESULT

NSE NEWS FOR 24,JULY 2015

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Rupee down 5 paise against dollar in early trade
Nifty may retreat at open tracking global cues
Down Jones 119 Points Down 17731
Nikkei 134 Points Down 20,549
Hang Sang  208  Points Down  25,189
RESULT TODAY
·         Axis Bank Ltd. Quarterly Results is held on 24/07/2015 - Rs.4.6000 per share(230%)Dividend
·         Mahindra & Mahindra Financial Services Ltd. Quarterly Results is held on 24/07/2015 - Rs.4.0000 per share(200%)Dividend

                                                                                                                                             

TECHNICAL ANALYSIS OF WIPRO & DAILY CHART

POSITIONAL :

“BUY WIPRO ABOVE 600 TGT 620/640”

DAILY RESISTANCE: 596, 603, 621,639
DAILY PIVOT POINT: 585
DAILY SUPPORT:  578, 567, 549, 531

Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 603, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 620/640 and with the strict stop loss of 560.

Moving Average of Wipro Ltd.                                                                                                      

Current Share Price	584.60
Fifty Days	555.69
Hundred Days	580.46
Two Hundred Days	581.85

TODAY RESULT:

Wipro 's first quarter consolidated profit declined 3.7 percent sequentially to Rs 2,187.7 crore, impacted by lower other income and higher finance cost. However, the country's third largest IT company met street expectations on revenue front. Revenue grew by 3 percent quarter-on-quarter to Rs 11,577 crore and dollar revenue increased by 0.9 percent to USD 1.79 billion in the quarter ended June.
MARKET SUMMARY FOR 23 JULY 2015

NSE NEWS FOR 23,JULY 2015

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INR to Rupee forex rates today: Rupee down 4 paisa against dollar in early trade
Nifty Likely To Open Soft Earning In Focus
Down Jones 64 Points Down 17851
Nikkei 81 Points Up 20,675
Hang Sang  281  Points
RESULT TODAY
·         Wipro Ltd.Quarterly Results is held on 23 july 2015
·         GAIL (India) Ltd. Quarterly Results is held on 23 july 2015

 

TECHNICAL ANALYSIS OF BHEL & DAILY CHART

POSITIONAL :

“BUY BHEL ABOVE 290 TGT 300/310”

DAILY RESISTANCE: 287, 290, 296,302
DAILY PIVOT POINT: 284
DAILY SUPPORT:  281, 278, 272, 266

Moving Average of Bharat Heavy Electricals Ltd.

MA Type	Fifty Days	Hundred Days	Two Hundred Days
SMA	251.072	247.406	251.667
EMA	256.143	251.927	246.28

MARKET SUMMARY FOR 22 JULY 2015

NSE NEWS FOR 22,JULY 2015

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RBI sets rupee reference rate at 63.6506 vs dollar
Weakness In Nifty Likely To Continue
Down Jones 181 Points Down 18,919
Nikkei 260 Points Down 20,581
Hang Sang  239  Points Down  25,297
RESULT TODAY
·         Wipro Ltd. Book closure date from : 22/07/2015 Rs.7.0000 per share(350%)Final Dividend
·         JSW Energy Ltd. Quarterly Results is held on 22 july 2015  Rs.2.0000 per share(20%)Dividend
·         Bharti Infratel Ltd. Quarterly Results Is held on 22 july 2015

TECHNICAL ANALYSIS OF SUZLON ENERGY LTD

POSITIONAL :

“BUY SUZLON ABOVE 22 TGT 23/24”

“SELL SUZLON BELOW 21 TGT 20/19”

DAILY RESISTANCE: 22.83, 23.77, 25.27,27.77
DAILY PIVOT POINT: 22.27
DAILY SUPPORT:  21.33, 20.77, 19.27,17.77

The stock is showing correction since past few sessions and also sustaining above lower trend line support level. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 22.Breakout of its resistance level may show recovery in it where traders can expect targets of 23 and 24 while major support of 20 can be placed as technical stop loss.

Moving Average of Suzlon Energy Ltd.

NSE NEWS FOR 21, JULY 2015

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Indian rupee down 9 paise against dollar in early trade
Nifty Seen Opening Flat to positive
Down Jones 13 Points Up 18,100
Nikkei 88 Points Up 20,739
Hang Sang 130  Points Up  25,535
RESULT TODAY
·         Asian Paints Ltd. Quarterly Results is held on 21 july 2015
·         Cairn India Ltd. Board Meeting Quarterly Results AGM 21/07/2015 - Rs.4.0000 per share(40%)Final Dividend
·         Infosys Ltd. Quarterly Results is held on 21 july 2015

MARKET SUMMARY FOR 20 JULY 2015

Sensex fell 43.19 points to 28420. Nifty managed to hold the 8600 level, down 6.40 points to 8603. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.3-0.4 percent. The market breadth was positive as 1543 advanced against 1285 shares declined on the Bombay Stock Exchange. There is a degree of indecision among the bulls, and the last session being a Friday there had been some profit taking as well. it is still a one-sided game between the bulls and the bears, with the former still comfortable control over the turf.Our view is that so long the bulls are able to hold the Nifty above 8593 – 8589 range, there would not even be any minor threat for them. Only when you see it falling below 8575 on high volume expect lower levels of 8550 through 8540 getting retested. Till such time, the Nifty breaks 8540 decisively, the bulls would retain their advantage and we could expect renewed buying at lower levels once the selling is through. A fall below 8520 would signal that 8540 has been taken out the bears; however, as of now that looks like a tall order! Indian markets continue to trade weak in the noon session, though there is not much selling pressure and the major indices are moving in a tight range but there is also no trigger to let the markets move higher. Sensex traded 67 down at 28,395. Nifty traded 12.00 points down at 8,597 Benchmark shares indices ended lower on profit taking after sharp gains last week as investors turned cautious ahead of the monsoon session of parliament which starts tomorrow with focus on key bills including GST and land acquisition bill. Meanwhile, investors will be keenly awaiting first quarter earnings from IT major Infosys tomorrow.

SECTORS & STOCKS

NSE NEWS FOR 20, JULY 2015

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Rupee down 12 paisa against dollar in early trade
Nifty Seen Opening 8634
Down Jones 33 Points Down 18,086
Nikkei 50 Points up 20,650
Hang Sang  72  Points Down  25,347
RESULT TODAY
·         Bank of India AGM is held on 20/07/2015 - Rs.5.0000 per share(50%)Final Dividend
·         Hindustan Zinc Ltd. Quarterly results held on 20 july 2015