“BUY JUBLFOOD ABOVE 1100 TGT 1125/1145”
JUBLFOOD After showing correction from the higher level, now stock is
trading in short term recovery phase, it is likely to continue the upside move
in near term with the crossing of the resistance level of 1100 as the stock is
managing to sustain above the level of 1100. One may get the targets of 1125,1145
in the stock with the stop loss of 1060.
CANDLESTICK PATTERN: bullish hammer
The Bullish
Hammer appears in a downtrend and it sells off sharply following the market
open. After the decline ceases, the market almost returns to the high of the
day. Apparently the market fails to continue on the selling side. This
observation reduces the previous bearish sentiment causing short traders to
feel increasingly uneasy with their bearish positions. If the body of the
Hammer is white, then the situation looks even better for the bulls.
Markets consolidate,Nifty end lower
Today,
Sensex ended with a loss of 52 points at 28,926. The Sensex opened
at 29,036 touched an intra-day high of 29,068 and low of 28,911.The
Nifty closed with a loss of 25 points at 8,918. The Nifty opened at 8,969
hitting a high of 8,969 and low of 8,913. After strong rally in the
previous two sessions, markets remained in consolidation mood on Wednesday and
ended with marginal losses. Now
Technically, Indian Stock Market is in positive trend and traders should go long
at every dip in the market. Traders can hold long positions in market for now, Nifty
may see some immediate resistance at 8890-9000 levels .overall market
sentiments would remain positive. Every correction would be an opportunity for
traders to go long in the market.
TOP GAINERS: BHEL, Bank of Baroda, ONGC, SBI, ICICI Bank, TATASTEEL
TOP LOSERS: Yes Bank, GAIL, Tech Mahindra, hdfc, Kotak Mahindra Bank
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