LAST RECOMMENDATION UPDATE: GIVEN ON 04 MAY 2016:
RELCAPITAL
IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!
IN
BULLISH MOMENTUM: HIT FINAL TGT 400 MADE HIGH OF 413.20 BUY AT 386
LOT
SIZE: 1500
TOTAL
PROFIT: 42000 IN JUST TWO LOT
FOR MORE JACKPOT CALLS OF FUTURE PLEASE FILL UP
THE FORM GIVEN HERE
>>>>>>>>>>>>>>>
INTRADAY CHART FOR RELCAPITAL:
On the daily charts, Sensex has made a Doji whereas Nifty has managed a formation
very close to Bullish Hammer, but in this case the candle has a small upper
shadow. Interestingly Nifty has formed three neutral formations in past three
days. This could have formed a Bullish Tri-Star formation if the second day
candle body would have been lower than the first and third day’s body. On the
weekly charts both the indices have formed a Black body candle which is smaller
than average. Hence candlestick analysis suggests
uncertainty in the near future. The Sensex
ended with a gain of 460 points at 25,689. The Sensex opened at 25,532 touched
an intra-day high of 25,710 and low of 25,303. The Nifty closed with a gain of 133 points at 7,866.
The Nifty opened at 7,755 hitting a high of 7,874 and low of 7,754. Indian Stock Market would open positive. Technically, Some positive
short-covering rally can be ruled out at this point of time. Breaching levels
of 8000 for Nifty and 17100 for BankNifty would confirm an Inverse Head and
Shoulder Pattern (Bullish Pattern), which would force market to see a sharp
breakout and we could even see new highs in few months, if that happens. Until
then, we would consider market to be negative with some short covering rally
seen and 7600-7500 would be considered as very strong support for Nifty. Nifty
would see strong support at 7705-7685-7650-7615-7600 whereas strong resistance
would be seen at 7795-7830-7865-7900 levels.
TOP GAINERS: Axis Bank ,
HDFC, ICICI Bank, ITC, L&T, Hero MotoCorp, Aian Paints
TOP LOSERS: Dr.Reddy's, Tata Steel, Bhel and Cipla
NICE CALL
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