Wednesday, November 23, 2016

TRADE IDEA ON MOTHERSUMI FUTURE FOR 24 NOV 2016

“BUY MOTHERSUMI ABOVE 300 TGT 308/315”
FOR MORE 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 300, as the stock is sustaining above its 200 days moving averages in short term charts. One may initiate the long position above the mentioned level for the targets of 308/315 and with the strict stop loss of 290.
Nifty settles above 8000
The Sensex rose 91 points or 0.35% to settle at 26,051, its highest closing level since 18 November 2016. The index rose 169 points or 0.65% at the day's high of 26,130. The index lost 83 points or 0.32% at the day's low of 25,877.The Nifty rose 31 points or 0.39% to settle at 8,033., its highest closing level since 18 November 2016. The index rose 52.points or 0.66% at the day's high of 8,055. The index lost 29.20 points or 0.36% at the day's low of 7,973.With dollar regaining strength, and with FII selling persisting, stocks failed to add much to Tuesday’s short covering rally.several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3
TOP GAINERS:  Lupin, Hindalco, Asian Paints, Tata Steel, Bosch and L&T
TOP LOSERS:  M&M, HDFC, Bank of Baroda, Maruti, Gail, BPCL

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