Tuesday, December 20, 2016

TRADE IDEA ON YESBANK FUTURE FOR 21 DEC 2016

“BUY YESBANK ABOVE 1165 TGT 1175/1190”
“SELL YESBANK BELOW 1152 TGT 1142/1130”
FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>
Primary trend of the stock is bearish and It is expected to continue the down trend with the crossing of the support level of 1150, as the stock is sustaining below its 22&55 days moving averages. 1120 level act as a strong support on 200 EMA. One may initiate the long position only above the (1165) mentioned level for the targets of 1175/1190 and with the strict stop loss of 1150.
Nifty LOST 41 POINTS ;breaches 8100 mark
The Sensex lost 133 points or 0.5% at the day's low of 26,241 in mid-afternoon trade, its lowest level since 7 December 2016. It rose 60.86 points or 0.23% at the day's high of 26,435 in early trade. The Nifty lost 41 points or 0.51% at the day's low of 8,062  in mid-afternoon trade, its lowest level since 5 December 2016. It rose 19.75 points or 0.24% at the day's high of 8,124 in early trade. The Nifty breached the 8100 mark while the Sensex too traded in the negative zone for the fifth straight session as investors shied away from taking any big bets on rising geopolitical concerns dragging key benchmarks to their two-week lows. Nifty closed on a negative note at 8108 level .
                                          Technically So today on upside first intra resistance is at 8129-34
level. Next resistance are at 8150-54 ,8216-20,8250-55 On downside first support is at 8079-75 level. Next support are at 8058-54,8018-13,7974-69,7932-27. On downside be alert below 8075 and avoid all longs below that level as selling may intensify below thatlevel.

TOP GAINERS:  TCS, Ambuja Cement, ACC, ZEEL, ITC, NTPC, Infy and Wipro
TOP LOSERS:  Idea, Aurobindo Pharma, Bosch, Yes Bank and Bank of Baroda 


1 comment:



  1. This is good for all traders and reliable for new investors. In time gold market has very fluctuated compare to silver. It fully depends on the economic condition of the market and its movements.

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