TECHNICAL ANALYSIS OF GLENMARK 11 MARCH 2016

FUTURE TIP FOR 11 MARCH 2016

FUTURE:

"BUY GLENMARK ABOVE  830 TGT 840/850 "

"SELL GLENMARK BELOW 818 TGT 810/790 "

DAILY CHART FOR GLENMARK:

MARKET SUMMARY OF 01 MARCH 2016:

BSE Sensex ended with a loss of 171 points at 24,623. The  Sensex opened at 24,815 touched an intra-day high of 24,817 and low of 24,471. The Nifty closed with a loss of 46 points at 7,486. The Nifty opened at 7,545 hitting a high of 7,547 and low of 7,447. With some choppiness, and the kind of intraday pullbacks we have had in the past couple of days, there is a good chance that we will see higher levels. Overall, even if the Nifty50 does not go higher immediately, we are looking at rallies that should see the index possibly heading towards 7,680-7,700 levels. The idea should be to trade on the long side and use any intraday decline to add to your long positions.
TOP GAINERS:

MARUTI SUZUKI (1.2%), TATA STEEL (1.2%), CIPLA (1.1%), ONGC (0.9%), NTPC (0.8%) 

TOP LOSERS:

INFOSYS (2.6%), BHEL (1.9%), RIL (1.8%), L&T (1.8%), TCS (1.6%)