WEEKLY TECHNICAL ANALYSIS OF UPL FOR 02-06 JAN 2017

“BUY UPL ABOVE 655 TGT 665/680 SL 640”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 655 as the stock is managing to sustain above the level of 650. as the stock is sustaining above its 22&55 days moving averages with the RSI 50. "605" level act as a strong support on 200 EMA. One may get the targets of 680,700 in the stock with the stop loss of 640.

Markets end 2016 higher ;Nifty jumps to 8,186

Technically, Traders can go long at every dip in the market . Near-term outlook is bullish for the contract. Traders with a short-term perspective can make use of intra-day declines to initiate fresh long positions while maintaining a stop-loss at 8,150 levels. The contract can continue its up move and test resistance at 8,200. Strong rally beyond this level can take the contract higher to 8,250 and 8,330 levels. On the other hand, only an emphatic fall below the key support level of 8,100 will bring back selling pressure and drag the contract down to 8,075 and then to 8,000 levels. Next key supports below 8,150 are at 8,100 and 8,000 levels. And the resistance to the up move is at 8200-8250-8290-8330 levels.

TOP GAINERS:  Aurobindo Pharma, Bosch, GAIL, Sun Pharma, ITC, Power Grid

TOP LOSERS:  BPCL, Bajaj Auto, ONGC, Tata Steel, Dr. Reddy's, Tata Motors ,HDFC Bank

TRADE IDEA ON YESBANK FUTURE FOR 30 DEC 2016

“BUY YESBANK ABOVE 1140 TGT 1165/1180 SL 1110”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1140 as the stock is managing to sustain above the level of 1150. One may get the targets of 1165,1200 in the stock with the stop loss of 1110.

NIFTY SETTLES ABOVE 8,100, SENSEX GAINS 155 POINTS

The Sensex ended with a gain of 155 points at 26,366. The  Sensex opened at 26,429 touched an intra-day high of 26,430 and low of 26,168.The Nifty closed with a gain of 69 points at 8,104. The  Nifty opened at 8,031 hitting a high of 8,111 and low of 8,021. The Sensex and Nifty recovered from recent losses to close at their highest in more than one week on Thursday, after a volatile trading session ahead of the expiry of monthly derivative contracts.The Nifty started the December derivatives expiry session at 8,028 and recorded an intra-day low at 8,025 levels. Subsequently, witnessing buying interest, the contract entered the positive territory by breaching the immediate resistance at 8,031. The contract marked an intra-day high at 8,109.Conversely, the Nifty can bring back selling pressure on a strong slump below 8,025.                                                                          

           Technically,

NIFTY ENTERS POSITIVE TREND, GO LONG AT DIPS

"BUY ZEEL ABOVE 451 TGT 460/466 SL 438"

The Sensex ended with a mere loss of three points at 26,211. The Sensex opened at 26,243 touched an intra-day high of 26,415 and low of 26,192. The Nifty closed with a marginal gain of two points at 8,035. The Nifty opened at 8,048 hitting a high of 8,101 and low of 8,028.The Sensex, Nifty closed flat after paring all of their intraday gains in the last hour of trade dragged lower by a sell-off in oil and gas companies on Wednesday and ahead of the expiry of futures and options contracts of the December series due tomorrow. Weak global cues and a weak rupee dampened the sentiment. 

                                               Technically, Traders can go long at every dip in the market with strict stoploss at 7893 levels on closing basis. Traders should note that this positive rally is for very short term but for now traders can go long at every dip in the market until market again see reversal. On the other hand, if the nifty reverses lower from 8,120 a corrective fall to 8,160 or 8,150 is possible.  and downside be alert below 7990 and avoid all longs below that level as selling may intensify below that level. The support for the Nifty is 7993-7970-7897-7800 and the resistance to the up move is at 8053-8079-8105-8154 levels.

TOP GAINERS:  Bharti Infratel, Coal India, Idea Cellular, IndusInd Bank, Tech Mahindra

TOP LOSERS:  Tata Motors DVR, Yes Bank, Reliance Industries, Hero MotoCorp, Ambuja 

YESTERDAY’S RECOMMENDATION UPDATE:

YESTERDAY'S LT ALMOST HIT TGT 1360 MADE HIGH OF 1357.45
DAILY PROFIT: 12450 IN JUST TWO LOT
Nifty reclaims 8,000 mark; ENDS BELOW 8050

The  Sensex ended with a gain of 406 points at 26,213. The Sensex opened at 25,815 touched an intra-day high of 26,249 and low of 25,803.The Nifty closed with a gain of 125 points at 8,033. The Nifty opened at 7,915 hitting a high of 8,045 and low of 7,904. The Indian stocks market rallied on Tuesday on account of buying of some blue-chip counters, which were heavily over-sold in last few trading sessions and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday. Technically, The support for the Nifty is 7897-7800-7777-7645 and the resistance to the up move is at 8024-8053-8079-8100-8150 levels.

TOP GAINERS:  Bosch, ITC, Tata Steel, Aurobindo Pharma, Hindalco, Adani Ports,

TOP LOSERS:  GAIL, Grasim, Kotak Mahindra Bank and IndusInd Bank

TRADE IDEA ON LT FUTURE FOR 27 DEC 2016

“BUY LT ABOVE 1345 TGT 1360/1370”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1345 as the stock is managing to sustain above the level of 1350. One may get the targets of 1370,1400 in the stock with the stop loss of 1315.

Nifty below 7900; hit 7 month closing low

The  Sensex ended with a loss of 234 points at 25,807. The Sensex opened at 25,992 touched an intra-day high of 26,009 and low of 25,753.The  Nifty closed with a loss of 77 points at 7,908. The Nifty opened at 7,965 hitting a high of 7,970 and low of 7,893.The Indian equity market declined amid weak Asian trading on a day most major global markets are closed for a holiday. The stock market fell in early trade amid buzz over government imposing taxes on long-term capital gains from trading in shares. 

                                Technically, Indian Stock Market is still in negative zone. Market would still see sideways movement in a rangebound region due to lack of volumes on Christmas holidays. We are approaching F&O Expiry and hence some volatility would be seen in

WEEKLY TECHNICAL ANALYSIS OF MINDTREE FOR 26-30 DEC 2016

 “BUY MINDTREE ABOVE 520 TGT 530/545”

FOR MORE  CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the strong resistance level of 520, as the stock is sustaining above its 22&55 days moving averages. One may initiate the long position above the mentioned level for the targets of 530/545 and with the strict stop loss of 490.

Nifty To See Big Downfall, Hold Short Positions

Market ends marginally higher, Nifty fails to hold 8000.The Nifty closed slightly up at 7,985, after briefly recapturing the 8,000 level. The  Nifty opened at 7,973 hitting a high of 8,023 and low of 7,942.The  Sensex ended with a gain of 61 points at 26,041. The Sensex opened at 25,960 touched an intra-day high of 26,143 and low of 25,872.Technically, upside first intra resistance is at 8005-10 level. Next resistance are at 8032-37,8075-80,8124-29,8154-59On downside first support is at 7952-47 level. Next support are at 7926-21,7882-77,7834-29,7804-99,7742-38,7696-92. Market is slightly in bear zone and better wait till nifty make a close above 8280 level .So today for intraday on upside intra resistance are at 8010 and 8037 level and On downside be alert below 7947 and avoid all longs below that level as selling may intensify below that level.

TOP GAINERS:  Sun Pharma, Bajaj Auto, L&T, Grasim and HUL

TOP LOSERS:  Eicher Motors, Tata Power, HCL Tech and Tech Mahindra

MARKETS END AT LOWEST LEVEL SINCE NOVEMBER 24 ;SENSEX, NIFTY DROP 1%

The Sensex ended with a loss of 263 points at 25,980. The benchmark indices opened at 26,224, touched an intra-day high of 26,248 and low of 25,940.The Nifty was down 82 points and closed at 7,979. It opened at 8,044 points, hitting a high of 8,046 and low of 7,965. The Indian stock market plunged for the seventh straight day, with the benchmark breaking key support levels, as uncertainty over economic growth and corporate profits persisted. Investors will keep an eye on the two-day Goods & Services Tax Council meet which begins later in the day. The GST Council will discuss drafts of the model GST, integrated GST and states' compensation bills. Technically, Nifty closed on a negative note at 7980 level .On downside first support Positional support for NIFTY is 8037 and So on upside first  positional Resistance for NIFTY is 8135 8168 8178 8254 8268 8348 8442 8495 8536 .

Intraday Resistance: of NIFTY are 8093 ,8120 , 8196 , 8215
Intraday Support: of NIFTY are 8028 , 8001 , 7927 , 7908
Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis-The signal is SELL but NIFTY in oversold level.
TOP GAINERS:  Asian Paints, ITC, Tata Motors, Infratel, Eicher Motors and ACC

TOP LOSERS:  Hindalco, Adani Ports, ONGC, Tata Steel, Bharti Airtel, IndusInd Bank

NIFTY TOUCHES 1-MONTH LOW, SENSEX FALL CONTINUES

The Sensex ended with a loss of 66 points at 26242. The indices opened at 26368, touched an intra-day high of 26396 and low of 26213.The Nifty was down 21 points and closed at 8,061. It opened at 8,105 points, hitting a high of 8,112 and low of 8,053. Nifty opened above 8100 but was unable to sustain the same and lost momentum towards the end of trading hours. Sensex also closed in red and was down 0.25%.

                                                For Nifty, 8150 remains the important immediate resistance for the index, sustaining above which buying might have been seen, however, as the market reached the closing hours it lost the resistance and touched a 1-month low. Nifty closed on a negative note at 8082 level .So today on upside first intra resistance is at 8116-21 level. Next resistance are at 8145-50,8175-80,8212-17,8258-63,8275-80,8315-20.On downside first support is at 8048-43 level. Next support are at 8020-15,7990-85,7943-48,7908-03,7874-69,7854-49 level.

TOP GAINERS:  Ultratech Cement, Lupin, NTPC, Maruti, IndusInd Bank, Hindalco, ONGC

TOP LOSERS:  Infratel, Sun Pharma, ITC, Idea, Ambuja Cement, Zee, HCL Tech

TRADE IDEA ON YESBANK FUTURE FOR 21 DEC 2016

“BUY YESBANK ABOVE 1165 TGT 1175/1190”

“SELL YESBANK BELOW 1152 TGT 1142/1130”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bearish and It is expected to continue the down trend with the crossing of the support level of 1150, as the stock is sustaining below its 22&55 days moving averages. 1120 level act as a strong support on 200 EMA. One may initiate the long position only above the (1165) mentioned level for the targets of 1175/1190 and with the strict stop loss of 1150.

Nifty LOST 41 POINTS ;breaches 8100 mark

The Sensex lost 133 points or 0.5% at the day's low of 26,241 in mid-afternoon trade, its lowest level since 7 December 2016. It rose 60.86 points or 0.23% at the day's high of 26,435 in early trade. The Nifty lost 41 points or 0.51% at the day's low of 8,062  in mid-afternoon trade, its lowest level since 5 December 2016. It rose 19.75 points or 0.24% at the day's high of 8,124 in early trade. The Nifty breached the 8100 mark while the Sensex too traded in the negative zone for the fifth straight session as investors shied away from taking any big bets on rising geopolitical concerns dragging key benchmarks to their two-week lows. Nifty closed on a negative note at 8108 level .

                                          Technically So today on upside first intra resistance is at 8129-34

SENSEX ,NIFTY ENDS ON A LOW NOTE

The Sensex ended with a loss of 115 points at 26374. The indices opened at 26505, touched an intra-day high of 26505 and low of 26340.The Nifty was down 35 points and closed at 8,127. It opened at 8,132 points, hitting a high of 8,148 and low of 8,127. Sensex, Nifty traded in red throughout the day and ended on a weaker note than it opened. Nifty sectoral indices also ended in red while Nifty IT was in green and up very marginally by 0.01%. Also, the Sensex indices ended on a negative note after being marginally down.

200 DMA - STRONG HURDLE.

The indices thus continues to move in sideways consolidation mode with short term average of 20dma acting as a support and long term average of 200dma acting as a strong hurdle or resistance. The market is in midst of a Pull-back and the Pull-back will continue only if the indices manage to overcome the strong hurdle of 200dma. Nifty closed on a negative note at 8127 level .So today on upside first intra resistance is at 8167-72 level. Next resistance are at 8195, 8220, 8255. On downside first support is at 8111-06 level.Next support are at 8083,8057,8005

TOP GAINERS:  GAIL, Aurobindo Pharma, Tata Power, Cipla, Grasim, ICICI Bank, Lupin

TOP LOSERS:  Infratel, Asian Paints, Sun Pharma, Bosch, Adani Ports, Maruti, Ultratech

WEEKLY TECHNICAL ANALYSIS OF UPL FOR 19-23 DEC 2016

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YESTERDAY'S IGL HIT  TGT 915 MADE HIGH OF 920.80
DAILY PROFIT: 45760 IN JUST TWO LOT
“BUY UPL ABOVE 668 TGT 675/700”

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 670, as the stock is sustaining above its 22&55 ,200 days moving averages with the RSI 50. One may initiate the long position above the mentioned level for the targets of 675/700 and with the strict stop loss of 650.

Nifty end in red after trading in narrow range

The Sensex ended with a loss of 30 points at 26489. The indices opened at 26548, touched an intra-day high of 26594 and low of 26455.The Nifty was down 14 points and closed at 8,139. It opened at 8,178 points, hitting a high of 8,178.and low of 8,127. Technically,A strong break below 8150 will increase the downside pressure and drag it to 8000. Traders can go short on a break below 8150 with a stop-loss at 8250 for the target of 8100/8000.On the other hand, a decisive break above 8220 will ease the downside pressure and take the index futures higher to 8300 and 8400 thereafter.

TOP GAINERS:  Tata Motors, Zee, Bosch, Infosys, Infratel, TCS, Eicher Motors, Maruti, 

TOP LOSERS:   Hindalco, Ultratech Cement, Bharti Airtel, ONGC, BHEL, Grasim, 

TRADE IDEA ON IGL FUTURE FOR 16 DEC 2016

NEW YEAR OFFER

HURRY UP!!

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“BUY IGL ABOVE 900 TGT 915/930”

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 900, as the stock is sustaining above its 22&55, 200 days moving averages. One may initiate the long position above the mentioned level for the targets of 915/930 and with the strict stop loss of 850.

Nifty ends at 8153 after Fed move

The Sensex ended with a loss of 84 points at 26519. The indices opened at 26497, touched an intra-day high of 26737and low of 26407.The Nifty was down 29 points and closed at 8,153. It opened at 8,128 points, hitting a high of 8,225 and low of 8,121. Towards end of the trading hours, Sensex and Nifty both lost points it had gained in the afternoon hours of trade. Both indices closed in red, Going forward market is likely to stay volatile as the

MARKET EXPECTING GOOD HOPES FROM US FED OUTCOME

The Sensex ended with a loss of 95 points at 26697. The benchmark indices opened at 26707., touched an intra-day high of 26736. and low of 26547.The NSE Nifty was down 39 points and closed at 8,182. It opened at 8,229. points, hitting a high of 8,229. and low of 8,165. Technically,  The Nifty reclaimed its crucial support level at 8,200 . which is a positive sign and could be due to short covering amid positive global cues. The Nifty registered a large bear candle on the charts in the previous session. A strong break below 8170 will increase the downside pressure and drag it to 8100/8000. on the downside to prevent further damage. However, on the upside a break above the 8,230 level is likely to lift hopes for the bulls. 

Investors eyeing fed policy

The market mirrored the volatility seen in other emerging markets and settled below the 8,200 mark as investors remain cautious ahead of today’s Fed policy. A 25 bps rate hike is widely expected but any hawkish comment would act as a cloud over the EMs. Back home, both the CPI and WPI inflation has declined in November after currency shortage depressed the consumer demand. This may provide RBI a room for ease in interest rate

TOP GAINERS:  Axis Bank, HCL, Reliance, Tata Power, Infosys, Asian Paints, M&M 

TOP LOSERS:  Coal India, Bosch, Aurobindo Pharma, Eicher Motors, ACC, ONGC, Tech 

MARKET ENDS WITH DECENT GAINS, NIFTY CLOSES ABOVE 8200

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The Sensex ended with a gain of 182 points at 26697. The benchmark indices opened at 26607, touched an intra-day high of 26724 and low of 26494. The Nifty gained 51 points and closed at 8,221. It opened at 8,196.15 points, hitting a high of 8,228. and low of 8,155.

Market gained on account of positive European market and short covering ahead of FED policy tomorrow. Investors are eyeing today’s CPI data to ascertain the extent of demonetizations impact in conjunction with RBI’s recent monetary policy stance. consumer price index (CPI) number, which is due to come late today is estimated to be at 3.8% for November against 4.2% in October.

                                        Technically, Nifty bull run continues, supporting this are the upwards run by associated indices.  The Nifty reclaimed its crucial support level at 8,200 . The nifty has also managed to break past its crucial 200-day SMA placed at the 8,190 level, which is

TRADE IDEA ON STAR FUTURE FOR 13 DEC 2016

“BUY STAR ABOVE 1130 TGT 1150/1170”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 1130, as the stock is sustaining above its 200 &55, 22 days moving averages. One may initiate the long position above the mentioned level for the targets of 1150/1170 and with the strict stop loss of 1090.

Sensex gains 258 points, Nifty ends above 8200

The Sensex ended with a gain of 230 points at 26515. The benchmark indices opened at 26725, touched an intra-day high of 26725. and low of 26468.The Nifty gained 91 points and closed at 8,170. It opened at 8,230. points, hitting a high of 8,230. and low of 8,154. The indices Sensex, Nifty ended the day in red, touching the day's low. Both indices dropped by 1%. 

TOP GAINERS:  ONGC, NTPC, Sun Pharma, LT, TCS, PowerGrid, Reliance

TOP LOSERS:   BPCL, Ultratech Cement, Asian Paint, Eicher Motors, Tata Motor DVR,

WEEKLY TRADE IDEA ON ARVIND FUTURE

“BUY ARVIND ABOVE 360 TGT 370/380”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

Trend of the ARVIND is Bullish and It is expected to continue the uptrend with the crossing of the resistance level of 360, as the stock is sustaining below its 200 ,55 days moving averages. as the stock is sustaining above its 22 & 55 days moving averages. with the RSI of 50.  it is likely to show fresh buying with the crossing of the resistance mark of 360 in it for the targets of 370/380 and with the stop loss of 345.

Nifty end on positive note, set 1 month closing record high

The Sensex ended with a gain of 53 points at 26747. The benchmark indices opened at 26787, touched an intra-day high of 26803 and low of 26707. The  Nifty gained 15 points and closed at 8,261. It opened at 8,271.points, hitting a high of 8,274 and low of 8,241. Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today’s session. Also, the traders were in cautious mode ahead of the US Federal Reserve's Monetary Policy meeting. The industry is hoping that there will be a rate hike by the US Fed in the coming week. Technically, On the weekly basis, it formed a strong bullish candle which is giving stability and restricted downside decline in the market. It has to continue to hold above 8,250 zones to witness an up move towards 8,335-8,350 levels.

TRADE IDEA ON MARUTI FUTURE FOR 09 DEC 2016

“BUY MARUTI ABOVE 5300 TGT 5340/5365”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 5300, as the stock is sustaining above its 22 & 55 days moving averages. with the RSI of 51.  it is likely to show fresh buying with the crossing of the resistance mark of 5300, where one may initiate the long position in it for the targets of 5340/5365 and with the stop loss of 5250.

Nifty eyes 8,250 level

The Sensex ended with a gain of 457 points at 26,694. The benchmark indices opened at 26366, touched an intra-day high of 26733. and low of 26357.The Nifty gains 144 points and closed at 8,246. It opened at 8,168 points, hitting a high of 8,190 and low of 8,077 .Buying activity was observed in the market throughout the day, which help the indices to have a bull run and close on a strong positive note.

                          Nifty bull run continues, supporting this are the upwards run by associated indices.  The Nifty reclaimed its crucial support level at 8,200 . The nifty has also managed to break past its crucial 200-day SMA placed at the 8,190 level, which is a positive sign and could be due to short covering amid positive global cues. The Nifty registered a large bear candle on the charts in the previous session. It is critical for the index to sustain above the 8,055 level on the downside to prevent further damage. However, on the upside a break above the 8,250 level is likely to lift hopes for the bulls. 
TOP GAINERS:  Tata Steel, Tata Motor DVR, Tata Motors, Bosch, Ambuja Cement

TOP LOSERS:  Infratel, NTPC, Aurobindo Pharma, Eicher Motors

YESTERDAY’S RECOMMENDATION UPDATE:

YESBANK HIT ALL TGT 1210 MADE HIGH OF 1221.70
DAILY PROFIT: 30380 IN JUST TWO LOT

NIFTY HOLDS ABOVE 8100 AS RBI LEAVES REPO RATES UNCHANGED

Sensex ended with a loss of 156 points at 26237. The indices opened at 26456, touched an intra-day high of 26540 and low of 26164.The Nifty dropped 41 points and closed at 8,102. It opened at 8,168. points, hitting a high of 8,190. and low of 8,077. Sensex and Nifty erased gains as RBI Monetary Policy Committee left the repo rate unchanged at 6.25%. Industry was expecting at least 25 basis point cut. MPC stated all the key rates remain unchanged. This includes Bank Rate which remains at 6.75%, Repo Rate remains 6.25%, Reverse Repo Rate remains 5.75%, CRR remains 4.00% and SLR remains 20.75%.

                        Technically,A strong break below 8100 will increase the downside pressure and drag it to 8000/7900. Traders can go short on a break below 8100.On the other hand, a decisive break above 8220 will ease the downside pressure and take the index futures higher to 8270 and 8320 

TOP GAINERS:  Eicher Motors, BPCL, Adani Ports, Idea, HDFC 

TOP LOSERS:  Sun pharma, Bank of Baroda, Axis bank, Bosch, Bajaj Auto

TRADE IDEA ON YESBANK FUTURE FOR 07 DEC 2016

“BUY YESBANK ABOVE 1200 TGT 1210/1225”

“SELL YESBANK BELOW 1180 TGT 1170/1155”

FOR MORE  CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 1210, as the stock is sustaining above its 200 days moving averages. 22 EMA seen on charts as a support and 55 EMA seen on charts as a resistance level. One may initiate the long position above the mentioned level for the targets of 1225 and with the strict stop loss of 1180. One may initiate the short position below 1180  for the targets of 1170/1155 and with the strict stop loss of 1209.

Sensex gains 258 points, Nifty ends above 8200

The Sensex ended with a gain of 44 points at 26392.76. The indices opened at 26403.62, touched an intra-day high of 26502.43 and low of 26356.02.The Nifty gained 14 points and closed at 8,143.15. It opened at 8,153.15 points, hitting a high of 8,178.70 and low of 8,130.85. At the end of the trading hours, the only positive is the indices have closed in green. Sensex opened on high note and more or less was stagnant in terms of variations through out the day. Similarly, Nifty too had an almost flat day today.ahead of RBI policy meet. Polls suggesting RBI may cut the rate by 25 bps .Technically,