Thursday, May 26, 2016

TECHNICAL ANALYSIS OF JUSTDIAL FOR 27 MAY

FUTURE :
“BUY JUSTDIAL ABOVE 670 TGT 670/685”
 “SELL JUSTDIAL BELOW 640 TGT 630/615”
DAILY CHART FOR JUSTDIAL

Sensex ended with a gain of 486 points at 26,367. The Sensex opened at 26,008 touched an intra-day high of 26,399 and low of 25,941. Sensex galloped approximately 1,100 points in last 2 trading session. The Nifty closed with a gain of 145 points at 8,070. The Nifty opened at 7,974 hitting a high of 8,083 and low of 7,949.Markets have displayed a spectacular rally with Nifty touching the high of CY 2016. We expect Nifty to trade between 8,350-8,500 levels in the next 1-2 months owing to 
couple of factors namely expectation of a above normal monsoon, better than expected corporate results in this quarter, stellar performance by L&T showing signs of a pick-up in the Indian economy, win of BJP in Assam which paves way for the GST passage and a exit poll in UK indicating that hopes of Britain exit from the Euro zone has dimmed.
TOP GAINERS: L&T, Adani Ports, BHEL, ONGC, Dr.Reddy's, SBI, M&M and GAIL
TOP LOSERS: Sun Pharma, HDFC, Tata Steel, HDFC Bank, NTPC and Asian Paints


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