TECHNICAL ANALYSIS OF ULTRACEMCO FOR 10 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: TITAN MADE A HIGH OF 368.50

LOT SIZE: 1500

DAILY TOTAL PROFIT: 10500 IN JUST TWO LOT

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

FUTURE:

“BUY ULTRACEMCO ABOVE 3350 TGT 3370/3395”

“SELL ULTRACEMCO BELOW 3325 TGT 3305/3280”

DAILY CHART FOR ULTRACEMCO:

The Indian equity market ended on a flat note on Tuesday amid a volatile trading session. After opening with a positive bias.The  Sensex ended with a loss of mere one points at 26,396. The  Sensex opened at 26,482 touched an intra-day high of 26,485 and low of 26,265.The  Nifty closed with a loss of mere two points at 8,109. The  Nifty opened at 8,134 hitting a high of 8,135 and low of 8,070. markets remained in a small range through trading Tuesday, the high and low intraday were broadly 50 points away.

The likelihood of a Brexit has increased significantly with the Sun coming out with a outlook which favors a exit from the EU, this could negatively impact global markets and amidst this heightened volatility trade for India will suffer as well. India's annual wholesale price inflation (WPI) moved further higher into the positive zone at 0.79% against 0.34% in April and -2.20%  in the corresponding month of the previous year. Technically, Indian Stock Market has entered into negative zone. Now, Market has strong support zone of 8000-7990 levels. Traders should consider 8000-7990 levels as important levels because closing below these levels, it would act as strong resistance and Nifty would permanently remain below these levels for long duration. There are higher chances to rebound from 8000 levels before breaching those levels.

TOP GAINERS: SBI, Cipla, Adani Ports, Bank of Baroda, Eicher Motors, ITC, Tata Motors DVR

TOP LOSERS: UltraTech Cement, Zee Entertainment, BPCL, Ambuja Cement, HUL, Bajaj-Auto