FUTURE
:
“BUY UPL ABOVE 525 TGT 535/545”
FOR MORE
ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE
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WEEKLY
CHART FOR UPL:
The
stock is trading in range with the positive bias from the last few trading
session. It is sustaining above the 50 & 22 DMA with the RSI of 62. The
stock is likely to show an upside rally with the crossing of its resistance
mark, where longs can get accumulated for the targets of 841. Support of 791
will act as technical stop loss for the stock. Primary trend of the stock
is bullish and after giving breakout of its range bound movement, it is forming
continuation pattern in short term charts, it is likely to continue the
positive movement with the breakout of the pattern at the levels of 500 ; as
the stock is managing to trade above its 50 and 200 days moving averages with
the RSI of 65.00, one may expect the targets of 535.
MARKET SUMMARY OF 22
APRIL 2016
The Sensex ended with a loss of 42 points
at 25,838. The Sensex opened at 25,892 touched an intra-day high of 25,922 and
low of 25,772.The Nifty closed with a loss of 13 points at 7,899. The
Nifty opened at 7,892 hitting a high of 7,924 and low of 7,874. A total of 19
stock registered a fresh 52-week high in trades today, whereas 14 stocks
touched a new 52-week low on the NSE. Cairn India slipped 1% to Rs.149.65 on
BSE ahead of Q4 results. IIFL estimates that the company’s net revenues are
expected to plummet to Rs. 1,619 crore, at a rate of 36.9% yoy and 17.1% qoq. Adani
Ports gained 1% to Rs.232 on BSE. Around 40 lakh shares were traded in a
single block on the NSE.
TOP
GAINERS: SBI,Maruti
Suzuki, Bank of Baroda, NTPC, Axis Bank, Aurobindo Pharma, Tata Motors and
M&M
TOP LOSERS
: HUL, Asian Paints,
HDFC, Sun Pharma, Kotak Mahindra Bank,ACC, ITC, BHEL and Infosys
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