Monday, July 4, 2016

TECHNICAL ANALYSIS OF BANKBARODA FOR 05 JULY

FUTURE:

BUY BANKBARODA ABOVE 162 TGT 164/166”

“SELL BANKBARODA BELOW 158 TGT 156/153”

Sensex ended with a gain of 134 points at 27,279. The Sensex opened at 27,314 touched an intra-day high of 27,385 and low of 27,251.The Nifty closed with a gain of 42 points at 8,371. The Nifty opened at 8,377 hitting a high of 8,398 and low of 8,365. A strong closing once again from the indices, however there was a late profit booking observed in many large cap names, notably looking at the pace of the last 5 days of straight momentum,I believe that the next key resistance for Nifty is at 8500-8550 mark and support from a very short term view could be upped at 8250 mark.
TOP GAINERS: BHEL, Adani Ports, Tata Mootors DVR, ICICI Bank, ONGC,Tata Motors
TOP LOSERS: ITC, Bosch, Kotak Mahindra Bank, IndusInd Bank and Grasim Industries

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