WEEKLY ANALYSIS OF LUPIN FOR 05-09 SEP

YESTERDAY'S ZEEL  HIT TGT 534 MADE LOW OF 532.50

LOT SIZE: 1300

DAILY TOTAL PROFIT: 15600 IN JUST TWO LOT

“BUY LUPIN ABOVE 1540 TGT 1560/1580”

“SELL LUPIN BELOW 1500 TGT 1480/1450”

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 1540 as the stock is managing to sustain above the level of 1550. One may get the targets of 1560,1580 in the stock with the stop loss of 1500.

CANDLESTICK PATTERN: BULLISH DOJI STAR

The market is in a downtrend and a strong black candlestick further confirms it. The next day opens lower with a gap down, and the trading is in a small range. The day closes at the opening price, causing the formation of a Doji. Bears were in control during the downtrend but now a change is implied by the appearance of a Doji Star, which shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for the continuation of a bear market.

Market Enters Into Bullish Trend, NIFTY ENDS ABOVE 8800 

Today, the  Sensex ended with a gain of 109 points at 28,532. The Sensex opened at 28,499 touched an intra-day high of 28,582 and low of 28,428.The  Nifty closed with a gain of 35 points at 8,810. The Nifty opened at 8,796 hitting a high of 8,824 and low of 8,768.Now Technically, Nifty has entered into bullish zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation. If  BankNifty breaches 20000 and nifty 8866 then it would seen at new high levels.

TOP GAINERS: Adani Ports, Bank of Baroda, Tata MotorsDVR, Maruti 

TOP LOSERS:  Coal India, RIL, ACC, Infosys, Zee, HUL, Bosch and Power Grid