Tuesday, April 12, 2016

TECHNICAL ANALYSIS OF ZEEL FOR 13 APRIL 2016

FUTURE :
“BUY ZEEL ABOVE 407 TGT 410/420”
“SELL ZEEL BELOW 400 TGT 396/390”
DAILY CHART FOR ZEEL:
Nifty closed with a gain of 38 points at 7,708. The Nifty opened at 7,669 hitting a high of 7,717 and low of 7,663.Sensex rose 123.43 points to 25145.59.The market breadth remained positive as about 1380 shares advanced against 1056 declining shares on Bombay Stock Exchange. The Indian equity market ended with smart gains on Tuesday extending its winning streak to the third consecutive trading session. Indices surged higher after Skymet on Monday predicted an “above normal” Southwest monsoon this year. After market hours, MET department also predicted monsoon to be above normal. Indian monsoon rainfall may be 106% of long period average this year. The sentiment was optimistic ahead of IIP and inflation data scheduled to be released later today. Oil & gas, auto, healthcare and industrials index were the top performers even the mid-cap and small-cap stocks ended with gains. On the other hand, metals index ended in the red. The Consumer Price Index (CPI) for March is expected to ease month-on-month to 5.05 percent from 5.18 percent, while the Index of Industrial production (IIP) for February is seen improving to 1.5 percent from negative 1.5 percent
TOP GAINERS: GAIL, Maruti, Tata Motors, Adani Ports and Hero MotoCorp
TOP LOSERS  : Coal India, Tata Steel, ITC, Hindalco and HDFC Bank





1 comment:

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