TECHNICAL ANALYSIS OF RELCAPITAL FOR 05 MAY 2016

FUTURE :

“BUY RELCAPITAL ABOVE 386 TGT 392/400”

 “SELL RELCAPITAL BELOW 380 TGT 375/368”

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

DAILY CHART FOR RELCAPITAL:

The Sensex ended with a loss of 128 points at 25,102. The Sensex opened at 25,211 touched an intra-day high of 25,246 and low of 25,061. The Nifty closed with a loss of 40 points at 7,706. The Nifty opened at 7,724 hitting a high of 7,749 and low of 7,697. Indian Stock Market would open negative. Technically, Indian Stock Market is already in negative zone. Traders should continue to hold short positions as of now. Some temporary reaction would come but it would again be an opportunity to go short. Traders can short near resistance levels. target of 7720 for Nifty would soon achieve.

FIIs were net sellers of Rs.755.28 crores whereas DIIs were net buyers of Rs.484.64 crores in cash market for last trading session. Nifty would see strong support at 7715-7685-7650-7600 whereas strong resistance would be seen at 7795-7830-7865-7900 levels. Adani Ports and SEZ Ltd was lower by 10% at Rs. 212. The company posted a net profit of Rs. 9140.60 mn for the quarter ended March 31, 2016 compared with Rs.6607.30 mn for the quarter ended March 31, 2015. Tata Motors Ltd was lower by 3% at Rs. 396. Fitch Ratings has affirmed India-headquartered Tata Motor Limited's (TML) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable.

TOP GAINERS: HDFC, NTPC, AuroPharma, , Infosys, HDFC Bank, Idea Cellular and SunPharma

TOP LOSERS  :  Adani Ports, Tata Motors, Tata MotorDVR, Hindalco and BHEL