WEEKLY TECHNICAL ANALYSIS OF COLPAL

LAST WEEKLY RECOMMENDATION:

HDFC ROCKSSS…!!!!!!!!!!!!
ALMOST HIT FIRST TGT 1100 MADE LOW OF 1123.70 SELL AT 1155

LOT SIZE: 400

WEEKLY TOTAL PROFIT: 25040 IN JUST TWO LOT

FUTURE :

 “SELL COLPAL BELOW 889 TGT 855/825”

WEEKLY CHART FOR COLPAL:

Colgate Palmolive (India) board meeting will be held on January 27, 2016, to take on record and approve the unaudited financial results for the quarter ended December 31, 2015. Colgate Palmolive has recently taken BREAKOUT support near Rs 900 zone and this zone is working as support well from last five series. Most of the times it turns from the major support of Rs 900 levels. In last two trading sessions, we have seen a built up of long position and now short covering is also being witnessed in the counter. It looks attractive at current level and is unable to standing the major support. So we recommend to sell the counter on any decline or at current level with a stop loss of Rs 905 for the downside target of Rs 855 to Rs 825 kind of levels." 

YESTERDAY'S UPDATE OF TATASTEEL

LAST RECOMMENDATION GIVEN ON 21 JAN 2016:

TATASTEEL IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BULLISH MOMENTUM: TATASTEEL HIT FINAL TGT 250 MADE HIGH OF 250.25
LOT SIZE: 2000

TOTAL INTRA DAY PROFIT: 49400 IN JUST TWO LOT

DAILY CHART FOR TATASTEEL:

MARKET SUMMARY OF 22 JAN 2016

The Sensex opened at 24,122, touched an intra-day high of 24,473 and low of 24,120. It finally ended with a gain of 473 points at 25,436. The NSE Nifty opened at 7,356 hitting a high of 7,433 and low of 7,328, before ending with a gain of 146 points at 7,422.What a recovery! The Indian equity market jumped with nifty sky rocketing almost by 150 points in a single session re-conquering the 7400 mark.

TECHNICAL ANALYSIS OF TATASTEEL 22 JAN 2016

LAST RECOMMENDATION GIVEN ON 20 JAN 2016:

IBULHSGFIN IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!

IN BEARISH MOMENTUM : IBULHSGFIN ALMOST HIT FINAL TGT 725 MADE LOW OF 722.40
LOT SIZE: 800

TOTAL INTRA DAY PROFIT: 26000 IN JUST TWO LOT

FUTURE TIP FOR 20 JAN 2016

FUTURE:

"BUY TATASTEEL  ABOVE 235 TGT 240/245 "

"SELL TATASTEEL BELOW 232 TGT 227/222 "

DAILY CHART FOR TATASTEEL:

MARKET SUMMARY OF 20 JAN 2016

TECHNICAL ANALYSIS OF IBULHSGFIN 21 JAN 2016

LAST RECOMMENDATION GIVEN ON 19 JAN 2016:

RELIANCE IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!

IN BEARISH MOMENTUM : STAR HIT FINAL TGT 1005 MADE LOW OF 1003
LOT SIZE: 400

TOTAL INTRA DAY PROFIT: 21600 IN JUST TWO LOT

FUTURE TIP FOR 20 JAN 2016

FUTURE:

"BUY IBULHSGFIN  ABOVE 705 TGT 715/725 "

"SELL IBULHSGFIN BELOW 677 TGT 670/660 "

DAILY CHART FOR IBULHSGFIN:

MARKET SUMMARY OF 20 JAN 2016

The market continues sag in the negative zone. The Indian rupee tumbled 33 paise to trade over 28-month low at 67.98 against the dollar.The rupee  hits 68 against US Dollar for first time since Sep 2013.  Sensex cracks below 24,000-level for the first time since May 16, 2014, by plunging 482 points to 23,998.65. Sensex lost about 417 points to close at 24,062.04, down 1.71 per cent, while Nifty50 depreciated 125.80 points, or 1.69 per cent, to end the day at 7,309.30. Sun Pharma, Infosys, SJVN,Balkrishna Industries, Rajesh Exports and Vakrangee are among the gainers, whereas Tata Steel, RIL, SBI, L&T, Adani Ports, ONGC, ICICI Bank and Axis Bank are losing sheen on BSE.

Axis Bank slipped 2.7% to Rs.382.55 on BSE. The bank is scheduled to announce its December quarter earnings today. According to IIFL estimates, the bank will report net profit around Rs. 2243.9 crore at growth rate of 18.1 % on Y-o-Y basis and 17.1 % on Q-o-Q basis.

UPCOMING RESULT ON 21 JAN 2016

  Biocon Ltd

TECHNICAL ANALYSIS OF STAR 20 JAN 2016

LAST RECOMMENDATION GIVEN ON 18 JAN 2016:

RELIANCE IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!

IN BEARISH MOMENTUM : RELIANCE HIT FIRST TGT 1020 MADE LOW OF 1016.30
LOT SIZE: 500

TOTAL INTRA DAY PROFIT: 15000 IN JUST TWO LOT

FUTURE TIP FOR 20 JAN 2016

FUTURE:

"BUY STAR  ABOVE 1050 TGT 1060/1075 "

"SELL STAR BELOW 1030 TGT 1020/1005 "

DAILY CHART FOR STAR:

MARKET SUMMARY OF 19 JAN 2016

The Indian equity market ended higher on Tuesday. All sectors on BSE ended in green. Industrial, Capital goods, banking and telecom stocks led the rally. The  Sensex opened at 24,257, touched an intra-day high of 24,563 and low of 24,247. It finally ended with a gain of 291 points at 254,480.The  Nifty opened at 7,382 hitting a high of 7,463 and low of 7,364, before ending with a gain of  84 points at 7,435.

TECHNICAL ANALYSIS OF RELIANCE 19 JAN 2016

FUTURE:

"BUY RELIANCE  ABOVE 1050 TGT 1070/1090 "

"SELL RELIANCE BELOW 1035 TGT 1020/990 "

DAILY CHART FOR RELIANCE:

UPCOMING RESULT: RELIANCE INDUSTRIES ON 19 JAN 2016

Shares of Reliance Industries (RIL) dropped 5% at Rs 1,016, falling nearly 7% from intra-day high on the National Stock Exchange (NSE) on profit booking ahead of October-December (Q3FY16) quarter results tomorrow. The stock hit a high of Rs 1,085 in early morning trade fallen to Rs 1,008 on the NSE in late noon deal. A combined 6.49 million shares changed hands on the counter on the NSE and BSE till 03:26 p.m.

MARKET SUMMARY OF 15 JAN 2016

The Sensex and Nifty closed down for the third consecutive session on Monday. The sentiments were under pressure after exports contracted for 13th month in a low in December 2015 as outward shipments shrank 14.75% to $22.2 bn amid a global demand slowdown.