Monday, April 11, 2016

TECHNICAL ANALYSIS OF MOTHERSUMI FOR 12 APRIL 2016

FUTURE :
“BUY MOTHERSUMI ABOVE 255 TGT 259/265”
“SELL MOTHERSUMI BELOW 248 TGT 243/235
DAILY CHART FOR MOTHERSUMI:
The  Sensex ended with a gain of 348 points at 25,022. The Sensex opened at 24,798 touched an intra-day high of 25,050 and low of 24,423.The Nifty closed with a gain of 116 points at 7,671. The NSE Nifty opened at 7,578 hitting a high of 7,679 and low of 7,517. Bulls came back in power on Monday as equity benchmarks rallied sharply after losing 2 percent last week. Late buying in technology, auto, FMCG and banks lifted the Sensex above 25000-mark and Nifty above 7650 level ahead of Q4 and FY16 earnings that will start on April 15 with Infosys results.It was a fantastic start to the truncated week as Nifty struck a top while the Sensex galloped over 300 points. Indices recouped earlier losses to end with strong gains tracking positive global cues. Out of 1,810 stocks traded on the NSE, 632 declined and 919 advanced today. Shares of Adani Enterprises were trading higher 1% at Rs.78.80 on NSE today. Around 20 lakh shares were traded in a single block.DLF Ltd stock was up by 2% at Rs. 120. DLF Ltd is seeking expressions of interest from several top global investors to sell a 40% stake in its rental
TOP GAINERS: Bosch, Idea, Hindalco, Adani Ports, Bank of Baroda, BHEL,Tata Motors
TOP LOSERS  : Lupin, Ambuja Cement, Dr. Reddy's, UltraTech Cement and Cipla 

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