Monday, February 8, 2016

TECHNICAL ANALYSIS OF WIPRO 05 JAN 2016

FUTURE:
"BUY WIPRO  ABOVE 550 TGT 555/565 "
"SELL WIPRO BELOW 545 TGT 540/530 "
DAILY CHART FOR WIPRO:
MARKET SUMMARY OF 08 FEB 2016:
The Sensex opened at 24,637, touched an intra-day high of 24,699 and low of 24,261. It finally ended with a loss of 330 points at 24,287.The Nifty opened at 7,490 hitting a high of 7,513 and low of 7,363, before ending with a loss of 102 points at 7,387. The Indian equity market closed deep in the red as a massive sell-off in the closing hour of trade dragged the NSE Nifty to end below the 7400 mark on Monday.
Sentiment was hit after negative cues from the European markets and a sharp fall in the Dow Jones Futures index in the US spooked sentiment. In addition, Indian rupee yet again began weakening towards the Rs68 per dollar mark. Market participants preferred to get rid of their positions ahead of the Q4 GDP and GVA YoY data, which is scheduled to be released later today.

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