Friday, June 24, 2016

WEEKLY TECHNICAL ANALYSIS OF STAR FOR 27 JUNE

LAST DAILY RECOMMENDATION:
IN BEARISH MOMENTUM: LUPIN HIT TGT 1450 MADE  LOW OF 1435
LOT SIZE: 300
DAILY TOTAL PROFIT: 21000 IN JUST TWO LOT
LAST WEELY RECOMMENDATION:
IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 615 MADE LOW OF 582.70
IN BULLISH MOMENTUM: JUSTDIAL MADE HIGH OF 667.40
LOT SIZE: 500
DAILY TOTAL PROFIT: 32400 IN JUST TWO LOT
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FUTURE:
“BUY STAR ABOVE 1065 TGT 1078/1100”
“SELL STAR BELOW 1040 TGT 1020/1000”
DAILY CHART FOR STAR:
After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1065 as the stock is managing to sustain above the level of 1075. One may get the targets of 1100,1120 in the stock with the stop loss of 1040.Today,Sensex ended with a loss of 605 points at 26,398. The Sensex opened at 26,367 touched an intra-day high of 26,436 and low of 25,911.The Nifty closed with a loss of 182 points at 8,089. The Nifty opened at 8,029 hitting a high of 8,101 and low of 7,927.05.
TOP GAINERS: SBI, Cipla, Adani Ports, Bank of Baroda, Eicher Motors, ITC, Tata Motors 
TOP LOSERS: Tata Motors, Tata Motors DVR, Tata Steel, Hindalco, L&T, Tech Mahindra

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