FUTURE:
“BUY ARVIND
ABOVE 330 TGT 336/345”
“SELL ARVIND
BELOW 325 TGT 320/313”
DAILY CHART FOR ARVIND:
Primary trend of the stock is
bullish .It is expected to continue the bull run after giving breakout of its
range bound movement, it is forming continuation pattern in short term charts,
it is likely to continue the positive movement with the breakout of the pattern
at the levels of 330.50.as the stock is sustaining above its 200 and 50 days
moving averages with the RSI of 66.30. One may initiate the long position above
the mentioned level for the targets of 340 and with the strict stop loss of 320. Sensex
ended with a loss of 54 points at 26,813. The Sensex opened at 26,907 touched
an intra-day high of 26,926 and low of 26,755.The Nifty
closed with a
loss of 19 points at 8,220. The Nifty opened at 8,257 hitting a high of 8,257
and low of 8,202.Weakness in the currency continued on the back of
Rajan s exit with the Rupee depreciating to 67.6 levels. Markets held a tight
range in trade today, oscillating in a small 30 point range. Market action
remains tepid ahead of the Brexit vote
which is now only two days away, an exit from the EU for the United Kingdom
could garner extreme volatility in international markets. After gaining for two consecutive trading sessions, the Indian equity
market closed lower on Tuesday. Profit booking combined with negative global
cues and a weak rupee dampened the sentiment. Technically
the markets remain isolated in a small 200 point range with 8,300 as the top of
the range.
TOP GAINERS: M&M, Dr.Reddy's, Bajaj-Auto, ICICI Bank, ONGC, Coal India and Adani
Ports
TOP LOSERS: NTPC, Asian Paints, Axis Bank, Tata Steel, HUL, HDFC Bank ,Bharti Airtel 
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