Thursday, January 7, 2016

TECHNICAL ANALYSIS OF GLENMARK 07 JAN 2016

FUTURE TIP FOR 07 JAN 2016
FUTURE:
"BUY GLENMARK ABOVE 881 TGT 890/900 "
"SELL GLENMARK BELOW 270 TGT 260/250 "
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>>>
DAILY CHART FOR GLENMARK:
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR GLENMARK:
GLENMARK levels generated based on 2016-01-07 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
levels
945
933
926
921
917
912
907
903
898
891
879
GLENMARK Weekly levels generated for the week starting from 2016-01-04
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
1001
990
971
960
946
942
938
935
930
916
905
893
886

MARKET SUMMARY OF 07 JAN 2016


The Sensex finally ended with a loss of 554.50 points at 24,852. It had opened at 25,225, touched an intra-day high of 25,230 and low of 24,826. The Nifty ended with a loss of 173 points at 7,173. It opened at 7,673 hitting a high of 7,675 and low of 7,557. It was complete mayhem on Dalal Street or rather every street. Once again it was the Chinese dragon which spread fire all over the bourses as China’s stock market meltdown and currency devaluation spooked the indices.

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