“BUY UPL
ABOVE 655 TGT 665/680 SL 640”
FOR MORE
CALLS FILL UP THE FORM GIVEN HERE>>>>>
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 655 as the stock
is managing to sustain above the level of 650. as the stock is sustaining above its 22&55 days moving averages with the RSI 50. "605" level act as a strong support on 200 EMA. One may get the targets of 680,700
in the stock with the stop loss of 640.
Markets end 2016 higher ;Nifty jumps to 8,186
Technically, Traders
can go long at every dip in the market . Near-term outlook is bullish for the
contract. Traders with a short-term perspective can make use of intra-day
declines to initiate fresh long positions while maintaining a stop-loss at
8,150 levels. The contract can continue its up move and test resistance at
8,200. Strong rally beyond this level can take the contract higher to 8,250 and
8,330 levels. On the other hand, only an emphatic fall below the key support
level of 8,100 will bring back selling pressure and drag the contract down to
8,075 and then to 8,000 levels. Next key supports below 8,150 are at 8,100 and 8,000
levels. And the resistance to the up move is at
8200-8250-8290-8330 levels.
TOP
GAINERS: Aurobindo Pharma,
Bosch, GAIL, Sun Pharma, ITC, Power Grid
TOP
LOSERS: BPCL, Bajaj Auto,
ONGC, Tata Steel, Dr. Reddy's, Tata Motors ,HDFC Bank
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