Thursday, June 9, 2016

TECHNICAL ANALYSIS OF MARUTI FOR 10 JUNE

LAST DAILY RECOMMENDATION:
IN BEARISH MOMENTUM: WOCKPHARMA HIT  945 TGT  MADE HIGH OF 941.70
LOT SIZE: 375
WEEKLY TOTAL PROFIT: 9975 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
DAILY CHART FOR WOCKPHARMA:
FUTURE:
“BUY MARUTI ABOVE 4200 TGT 4225/4255”
“SELL MARUTI BELOW 4150 TGT 4120/4090”
Buy Maruti Suzuki on dips:
Maruti Suzuki   has been a stock which has given phenomenal returns to investors over the last 18 months. The point is should this dip be used as a buying opportunity. Primary trend of the stock is bullish and is consolidating at the higher level. It is expected to continue the bull run with the crossing of the resistance level of 4200, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 4250/4300.
Sensex ended with a loss of 257 points at 26,763. The Sensex opened at 26,994 touched an intra-day high of 26,994 and low of 26,692.The Nifty closed with a loss of 69 points at 8,204. The Nifty opened at 8,273 hitting a high of 8,273.35 and low of 8,185.

TOP GAINERS: Coal India, ONGC, NTPC, BPCL, RIL and Cipla 
TOP LOSERS: Aurobindo Pharma, Infosys, Hero MotoCorp, Ambuja Cement and HUL 

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