MAKE USE OF DIPS TO INITIATE FRESH LONG POSITION

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: YESBANK HIT TGT 1085 MADE HIGH OF 1082

LOT SIZE: 600

WEEKLY TOTAL PROFIT: 14400 IN JUST TWO LOT

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

DAILY CHART FOR RELINFRA:

FUTURE:

“BUY RELINFRA ABOVE 540 TGT 550/565”

“SELL RELINFRA BELOW 520 TGT 510/495”

Sensex ended with a gain of 232 points at 27,010. The Sensex opened at 26,834 touched an intra-day high of 27,083 and low of 26,829.53.The Nifty closed with a gain of 65 points at 8,266. The Nifty opened at 8,236 hitting a high of 8,295 and low of 8,216. Technically, The Nifty futures started the session with a gap-up opening at 8,266. After some initial selling pressure, the contract found support at 8,230 and bounced back strongly. Markets took cues from the RBI's policy meeting in which it kept its policy rate unchanged at a five-year low of 6.5 per cent and started to trend upwards. With continued buying interest, the contract has surpassed key resistance at 8,300 and recorded an intra-day high at 8,313 levels. Short-term

outlook is bullish. Traders with a short-term view can make use of declines to initiate fresh long position while maintaining a stop-loss at 8,265 levels.The contract can extend its rally to 8,320 and then to 8,350 levels in the near term. Key immediate supports are at 8,280 and 8,265 levels. A decisive fall below 8,265 can pull the contract down to 8,250 and 8,230 levels. Next supports are at 8,215 and 8,200.

TOP GAINERS: ICICI Bank, SBI, ITC, HUL, Sun Pharma, BHEL, and BHEL 

TOP LOSERS: Infosys, Axis Bank, Alok Textile, DB Corp and Sun Asian