TECHNICAL ANALYSIS OF UPL FOR 03 MAY 2016

FUTURE :

“BUY UPL ABOVE 606 TGT 610/620”

 “SELL UPL BELOW 595 TGT 585/575”

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
DAILY CHART FOR UPL:

The Sensex and Nifty closed in red on Monday after manufacturing sector activity dropped to a four-month low in April amid disappointing corporate results and weak global cues. The Sensex ended with a loss of 170 points at 25,437. The Sensex opened at 25,565 touched an intra-day high of 25,565.44 and low of 25,341. The Nifty closed with a loss of 44 points at 7,806. The Nifty opened at 7,823 hitting a high of 7,830 and low of 7,777.

UPL Ltd was higher by 9% at Rs. 588. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.5520.20 mn for the quarter ended March 31, 2016 compared with Rs.4400.60 mn for the quarter ended March 31, 2015. Shriram
Transport Finance Company soared 7.3% to Rs.1,014.10.  The company reported standalone net profit of Rs.143.90 crore for the quarter ended March 31, 2016, registering decline of 54.57% yoy and 61.63% qoq. Housing finance major HDFC Ltd reported a 30.76 per cent surge in consolidated net profit to Rs 3,460.46 crore for the quarter ended March 31. The company’s net profit after taxes was Rs 2,646.35 crore in January-March quarter of 2014-15. Shares of HDFC were trading 0.43 per cent up at Rs 1,093.50. Overall, markets across Hong Kong, China, UK, Russia, Greece, South Africa, Ireland, Thailand and Malaysia, among others, will remain closed on Monday on account of a public holiday. 
TOP GAINERS:  GAIL, BHEL, Cipla, Lupin, RIL, M&, and Maruti Suzuki

TOP LOSERS  : ICICI Bank, Dr.Reddy's, Adani Ports, Bharti Airtel, ITC, NTPC and Tata Steel