“BUY MARUTI
ABOVE 4300 TGT 4315/4325”
“SELL MARUTI
BELOW 4260 TGT 4240/4210”
DAILY CHART FOR MARUTI:
Primary trend of the MARUTI is bullish and 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 4300 ; as
the stock is managing to trade above its 50 and 200 days moving averages with
the RSI of 66.65, one may expect the targets of 4325 in the stock if it manages
to sustain above the immediate support level of 8260.Today,Sensex ended
with a gain of 500 points at 26,627. The Sensex opened at 26,358 touched an
intra-day high of 26,647 and low of 26,358.23.The Nifty closed
with a
gain of 145 points at 8,468. The Nifty opened at 8,413 hitting a high of 8,475
and low of 8,407.
Benchmark indices ended higher by almost 2% with the Nifty50 index hitting the highest
mark since August, 2015, supported by strong global cues as
stronger-than-expected US jobs report suggested that recovery in the world's
largest economy was back on track.
TOP GAINERS:
Tata Motors, Adani Ports, ICICI Bank, Coal India, NTPC, Hero
MotoCorp
TOP LOSERS:
Axis Bank, Sunrise Asian, Jaiprakash Power Ventures,
RattanIndia Power
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