Monday, January 25, 2016

TECHNICAL ANALYSIS OF WIPRO 25 JAN 2016

FUTURE TIP FOR 26 JAN 2016
FUTURE:
"BUY WIPRO  ABOVE 548 TGT 555/560 "
"SELL WIPRO BELOW 542 TGT 535/530 "
DAILY CHART FOR WIPRO:
MARKET SUMMARY OF 25 JAN 2016
The Sensex and Nifty pared some of their gains on Monday and closed on a flat note on account of selling in frontline blue chip stocks taking cues from European counterparts. The sentiments also came under pressure after Moody’s poll stated that the greatest challenge facing the Indian economy is exposure to external shocks such as interest rate hike in the US and slowdown in China and the risk has risen since last year. Sensex closed 50.29 points up at 24,485.95, while Nifty  index settled 13.70 points up at 7,436.15. Cairn India, Tata Steel, Sun Pharma, ICICI Bank and Ambuja Cements gained between 1.80 per cent and 5.20 per cent. On the other hand, Larsen & Toubro, GAIL, Hero MotoCorp, Tata Motors, Adani Ports slid between 1.65 per cent and 2.70 per cent.


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