Thursday, March 31, 2016

TECHNICAL ANALYSIS OF ZEEL FOR 01 APRIL 2016

FUTURE :
“BUY ZEEL ABOVE 390 TGT 395/400”
“SELL ZEEL BELOW 385 TGT 381/375
DAILY CHART FOR ZEEL:
Sensex ended with a gain of mere three points at 25,342. The Sensex opened at 25,365, touched an intra-day high of 25,480 and low of 25,223. The Nifty closed with a gain of three  points at 7,738. The Nifty opened at 7,728 hitting a high of 7,778 and low of 7,702. Indian Stock Market would open flat. Surprisingly, Indian Stock Market including Nifty, Bank Nifty and Sensex, saw reversal and entered into positive zone again just in 1 day. This is a big bullish sign for the market. Yes, we would see some correction today but every correction for now would be an opportunity for traders to go long. Traders should go long at every dip in the market until RBI Policy day. Some sharp volatility would be seen today due to F&O Expiry. Nifty would see strong support at 7675-7645-7600-7564 whereas strong resistance would be seen at 7780-7805-7855-7888 levels.
TOP GAINERS: Tata Power, Idea Cellular, ZEEL, IndusInd Bank, Sun Pharma, TCS
TOP LOSERS: SBI, ONGC, Coal India, Tata Steel, Vedanta, BhartiAirtel and Asian Paints


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