“BUY WOCKPHARMA ABOVE 875 TGT 890/910”
WOCKPHARMA is showing correction since past few sessions and also
sustaining above lower trend line support level 850. Currently it has formed
reversal pattern on the short term charts and trading above the resistance
level of 850.Breakout of its resistance level show recovery in it where traders
can expect targets of 890 and 910 while major support of 850 can be placed as
technical stop loss.
NIFTY,SENSEX ENDS ABOVE 8,950,29000
Today, Sensex ended with a gain of 119 points at
29,045. The Sensex opened at 28,929 touched an intra-day high of 29,077 and low
of 28,855.The Nifty closed with a gain of 35 points at 8,953. The Nifty
opened at 8,916 hitting a high of 8,960 and low of 8,896. The Indian equity market opened in
red on Thursday and erased early losses to end higher on Thursday after European
stocks edged higher. The Sensex ended above 29,000 for the first time
since April 13, 2015 while the Nifty
Midcap index ended at record closing high. Now Technically,
Indian Stock Market is in positive trend and Every correction would be an
opportunity for traders to go long in the market. . Market would consolidate at
this point of time and would see further correction before breaching
psychological levels of 9000 for Nifty. This positive rally would last very
long and as data suggest we could see new lifetime
highs in the market soon but before that happens, we would see some consolidation and some correction at these levels. Once Nifty breaches 9000 levels, we would soon see market breaching lifetime highs of 9119 levels for Nifty. BSE 500 has already created new lifetime highs. Traders can hold long positions as of now and can even add long positions at every correction .overall market sentiments would remain positive.
highs in the market soon but before that happens, we would see some consolidation and some correction at these levels. Once Nifty breaches 9000 levels, we would soon see market breaching lifetime highs of 9119 levels for Nifty. BSE 500 has already created new lifetime highs. Traders can hold long positions as of now and can even add long positions at every correction .overall market sentiments would remain positive.
TOP GAINERS: Tata Motors, Hero MotoCorp, Dr.Reddy'sLupin,
L&T
TOP LOSERS: ONGC, NTPC, TCS, Tata Steel, Coal India and RIL
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