Wednesday, November 2, 2016

TRADE IDEA ON M&M FUTURE FOR 03 NOV 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 28 OCT

M&M  HIT ALL TGT 1375 MADE HIGH OF 1389.45
LOT SIZE: 500
DAILY TOTAL PROFIT: 50000 IN JUST TWO LOT
 “BUY M&M ABOVE 1375 TGT 1390/1415”
FOR MORE ROCKING CALLS FILL UP THE FORM GIVEN HERE>>>>>
Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 1375, as the stock is sustaining above its 200 and 50,22 days moving averages. One may initiate the long position above the mentioned level for the targets of 1390/1415 and with the strict stop loss of 1350.
Nifty shuts below 8,650 mark
Indices ended over 1% lower on Wednesday, tracking a sell-off in global markets, amid growing uncertainty over the US elections and the Fed's stance on interest rates at its two-day meet which concludes later today. Sensex ended with a loss of 349 points at 27,572. While, the  Nifty closed with a loss of 108 points at 8,518. The decline was led by oil & gas, pharma, energy, realty, banking, capital goods, auto and industrial stocks. Even the midcap and smallcap stocks were not spared.
TOP GAINERS: M&M, Bharti Infratel, IndusInd Bank, HUL, NTPC and Axis Bank
TOP LOSERS: ONGC, Tata Motors DVR, Bank of Baroda, BHEL, Tata Motors, Yes Bank

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