Tuesday, July 26, 2016

TECHNICAL ANALYSIS OF YESBANK FOR 27 JULY 2016

 “BUY YESBANK ABOVE 1200 TGT 1210/1220”
“SELL YESBANK BELOW 1180 TGT 1170/1160”
DAILY CHART FOR YESBANK:
Sensex ended with a loss of 119 points at 27,977. The Sensex opened at 28,121 touched an intra-day high of 27,150 and low of 27,927.The Nifty closed with a loss of 45 points at 8,591. The Nifty opened at 8,634 hitting a high of 8,645 and low of 8,577. After a strong rally in the previous session, indices failed to carry forward the momentum on Tuesday. Indices that held firm throughout the day slipped sharply in the last hour. Technically, Now Indian Stock Market is still in Positive trend and BankNifty has again entered into positive zone. Some temporary correction would be seen after a sharp positive movement yesterday but overall
market is positive and traders should go long at every dip in the market. Next target for BankNifty is 19160-19300 levels. Nifty may see immediate resistance at 8665 levels but now there is no major resistance going forward. Any positive news may take Indian Stock Market to new highs.
TOP GAINERS: Axis Bank, Power Grid, Yes Bank, Tata Steel, HCL Tech, Wipro, Eicher 
TOP LOSERS:  Dr.Reddy's, ICICI Bank, Hindalco, Hero MotoCorp, Aurobindo Pharma, Bosch

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