Monday, April 4, 2016

Sensex gains 130 pts ahead of RBI policy

LAST RECOMMENDATION UPDATE: GIVEN ON 31 MAR 2016:
ZEEL IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!
IN BULLISH MOMENTUM: HIT FINAL TGT 395 MADE HIGH OF 396.50 GIVEN BUY AT 390
LOT SIZE: 1300                                                                            
TOTAL PROFIT: 13000 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
DAILY CHART FOR ZEEL:
The Sensex ended with a gain of 130 points at 25,400. The Sensex opened at 25,334 touched an intra-day high of 24,419 and low of 25,223. The Nifty closed with a gain of 46 points at 7,759. The Nifty opened at 7,733 hitting a high of 7,764 and low of 7,704. March series saw Bulls making a terrific comeback as the indices registered massive gains of around 11%. It provided a big relief to the Bulls who are now looking forward to the RBI Credit Policy next week. The expectations have been built up as the Government has stuck to its Fiscal Discipline roadmap and Inflation has been moderated. Given this backdrop, the market has already discounted a 25 bps cut in interest rate. Anything above this will surprise the market and will push the market higher. But the more likely scenario is a rate cut of 25bps, which will result in a sell-off and a short term top being registered.
TOP GAINERS: Bharti Airtel, M&M, Infosys, Dr.Reddy's, Tata Motors, Bajaj-Auto, Wipro 
TOP LOSERS: ITC, ONGC, Lupin, Axis Bank, Maruti Suzuki, HDFC, Coal India and SBI

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