Wednesday, June 15, 2016

TECHNICAL ANALYSIS OF RELCAPITAL FOR 15 JUNE

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: ULTRACEMCO HIT TGT 3370 MADE HIGH OF 3384
IN BEARISH SIDE: ULTRACEMCO MADE LOW OF 3310
LOT SIZE: 200
DAILY TOTAL PROFIT: 19400 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
FUTURE:
“BUY RELCAPITAL ABOVE 405 TGT 409/415”
“SELL RELCAPITAL BELOW 396 TGT 392/385”
DAILY CHART FOR RELCAPITAL:
The Sensex ended with a gain of 331 points at 26,726. The Sensex opened at 26,501 touched an intra-day high of 26,753 and low of 26,447.The  Nifty closed with a gain of 98 points at 8,206. The Nifty opened at 8,139.40 hitting a high of 8,213 and low of 8,123.Technically, Indian Stock Market would open gap up positive around strong resistance zone of 8150 level. If nifty would closed above 8250 spot level then nifty would see another 100-200 points on upside in a days to come. At this point we would recommend lightening your long positions.
And if nifty closes above 8250 then it would be better to long via nifty call. 8180 would act as immediate support for Nifty, breaching which Nifty would fell down sharply but it would be temporary in nature. 8000 would be very hard to breach. the correction is done in previous  days, market would stabilize and resume its positive movement. Nifty would see strong support at 8180-8165-8098-8007 whereas strong resistance would be seen at 8252-8294-8336-8385 levels.
TOP GAINERS: SBI, L&T, Power Grid, Maruti Suzuki, Bharti Airtel, BPCL, Ambuja Cement
TOP LOSERS: Bharti Infratel, Aurobindo Pharma, Adani Ports, Eicher Motors, Sun Pharma 

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