WEEKLY CALL OF HDFCBANK FOR 25 JULY 2016

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: MARUTI HIT FINAL TGT 4550 MADE A HIGH OF 4469

LOT SIZE: 150

DAILY TOTAL PROFIT: 15000 IN JUST TWO LOT

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

“BUY HDFCBANK ABOVE 1235 TGT 1255/1275”

“SELL HDFCBANK BELOW 1220 TGT 1200/1185”

DAILY CHART FOR HDFCBANK:

WEEKLY CANDLESTICKER VIEW: 

The Umbrella indicates that sellers mostly dominated trading during the day and they were able to drive prices lower. However, buyers resurfaced at the end of the day and they successfully pushed prices back to the opening level and to the day’s high.
The Umbrella has the potential to signal a bullish reversal at the bottom if it appears after a long downtrend, long black candlestick or if it is seen at a support level. Likewise, umbrella may signal a bearish reversal at the top if it appears after a long uptrend, a long white
candlestick or if it is seen at a resistance level. Bearish or bullish confirmation is required in both situations.

Today,The Indian stock market ended with smart gains on Friday amid a volatile trading

session. Sentiment got a fillip after reports stated that the Rajya Sabha will take up GST Bill for discussion next week.  Indian Stock Market would open flat with negative bias. Technically, BankNifty has entered into negative zone but Nifty is still in positive zone. Now, either Nifty would enter into negative zone in a day or two or else Nifty would force BankNifty to come again in Positive zone. For now traders can go short in BankNifty at every positive rally. Market looking to see some correction in days to come.