Wednesday, January 20, 2016

TECHNICAL ANALYSIS OF IBULHSGFIN 21 JAN 2016

LAST RECOMMENDATION GIVEN ON 19 JAN 2016:
RELIANCE IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!
IN BEARISH MOMENTUM : STAR HIT FINAL TGT 1005 MADE LOW OF 1003
LOT SIZE: 400
TOTAL INTRA DAY PROFIT: 21600 IN JUST TWO LOT
FUTURE TIP FOR 20 JAN 2016
FUTURE:
"BUY IBULHSGFIN  ABOVE 705 TGT 715/725 "
"SELL IBULHSGFIN BELOW 677 TGT 670/660 "
DAILY CHART FOR IBULHSGFIN:
MARKET SUMMARY OF 20 JAN 2016
The market continues sag in the negative zone. The Indian rupee tumbled 33 paise to trade over 28-month low at 67.98 against the dollar.The rupee  hits 68 against US Dollar for first time since Sep 2013.  Sensex cracks below 24,000-level for the first time since May 16, 2014, by plunging 482 points to 23,998.65. Sensex lost about 417 points to close at 24,062.04, down 1.71 per cent, while Nifty50 depreciated 125.80 points, or 1.69 per cent, to end the day at 7,309.30. Sun Pharma, Infosys, SJVN,Balkrishna Industries, Rajesh Exports and Vakrangee are among the gainers, whereas Tata Steel, RIL, SBI, L&T, Adani Ports, ONGC, ICICI Bank and Axis Bank are losing sheen on BSE.
Axis Bank slipped 2.7% to Rs.382.55 on BSE. The bank is scheduled to announce its December quarter earnings today. According to IIFL estimates, the bank will report net profit around Rs. 2243.9 crore at growth rate of 18.1 % on Y-o-Y basis and 17.1 % on Q-o-Q basis.
UPCOMING RESULT ON 21 JAN 2016
  Biocon Ltd
Hindustan Zinc Ltd
Idea Cellular Ltd
Indiabulls Real Estate Ltd
Mahindra & Mahindra Financial Services Ltd
Raymond Ltd
Reliance Capital Ltd

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