WEEKLY UPDATE OF WIPRO

LAST WEEKLY RECOMMENDATION:

WIPRO IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FIRST TGT 540  MADE HIGH OF 548.80 BUY AT 520

LOT SIZE: 1000

WEEKLY TOTAL PROFIT: 57600 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
WEEKLY CHART FOR WIPRO:

Nifty settles above 7,150 Sensex up 267 pts

WIPRO ALMOST HIT FINAL TGT 545 MADE HIGH OF 543 !!!!!!!!!!!!!!!!!!

On Thursday, the Sensex had gained 189.90 points to 23,381, while the Nifty50 was up 60.20 points to close at 7,108. The  Sensex opened at 23,536, touched an intra-day high of 23,735 and low of 22,481. It finally ended with a gain of 267 points at 23,649.The Nifty opened at 7,177 hitting a high of 7,215 and low of 7,128, before ending with a gain of 83 points at 7,192.

The India VIX (Volatility) index was down 2.61% to 21.5525. In broader market with the benchmark indices with the BSE midcap and smallcap indices closed up by 0.63% and 0.59%, respectively. On the global front, Asian stock markets surged significantly on rising crude oil prices and expectations of the US Federal Reserve’s measure to bring some stability in global economy. However, Chinese markets reeled under selling pressure. China's Shanghai Composite index closed marginally down 0.16% and Hang Seng up 2.3%.In Europe, the FTSE 100 marginally trading down marginally. On the other hand, DAX and the CAC 40 were up.
Top Gainers:
DR. REDDYS LAB (4.9%), L&T (3.8%), ONGC (3.2%), HERO MOTOCORP (3.1%), ICICI BANK (2.6%)
Top Losers:
ASIAN PAINTS (1.3%), MARUTI SUZUKI (1.2%), BHEL (0.9%), HDFC (0.7%), BHARTI AIRTEL (0.3%) 

Late rally lifts Sensex 190 points, Nifty50 tops 7,100

"BUY WIPRO ABOVE 531 TGT 536/545" 

Buying in the last hour of trade amid firm European markets helped domestic benchmark indices  Sensex and  Nifty to close the day in positive zone in a volatile trading session. The Sensex opened at 23,237, touched an intra-day high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at 23, 382.The Nifty opened at 7,059 hitting a high of 7,117 and low of 6,961, before ending with a gain of 60 points at 7,108.Asian markets ended mostly lower on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. Japanese stocks fell in choppy trade as the yen broke from its fragile weakening trend against the US dollar after a rebound in crude oil prices fizzled and revived demand for the safe-haven Japanese currency.

MARKET SUMMARY OF 16 FEB 2016

The Sensex opened at 23,689, touched an intra-day high of 23,692 and low of 23,165. It finally ended with a loss of 362 points at 23,191.The  Nifty opened at 7,201 hitting a high of 7,205 and low of 7,038, before ending with a loss of 115 points at 7,048. The sharp selloff pushed the Nifty50 below its crucial support level of 7,100, which closed marginally above 7,000. The index has an important support at 6,936-7,050 level and if it slips below that, further correction cannot be ruled out. All the sectoral indices ended with losses. The Capital Goods index was the top loser, followed by BSE realty, telecom, oil & gas and healthcare index. Consumer durables, banking, auto and FMCG index was among the other major losers. Even the Small-Cap and Mid-Cap stocks were not spared.
TOP GAINERS:
Adani Ports, NTPC, Hero MotoCorp, Power Grid, IndusInd Bank, Dr.Reddy's Lab and Cairn India

TOP LOSERS:

SBI, ZEEL, Bank of Baroda, PNB, Vedanta, Tata Motors and BHEL 

MARKET SUMMARY OF 15 FEB 2016

The  Sensex opened at 23,223, touched an intra-day high of 23,623 and low of 23,198. It finally ended with a gain of 568 points at 23,554.The  Nifty opened at 7,057 hitting a high of 7,183 and low of 7,057, before ending with a gain of 182 points at 7,163.95. There is a clear short term bottom in place in the index. It has risen from an important Gain angle, and the bottom has happened with a long-tailed hammer line in candlestick parlance. However, there are no clear indications as yet to suggest that it is going to be final bottom for this bear market. In any case, we are in for, at least, bit of a bounce this week. The most critical zone for the day would be between 7023 and 7057; its real test would come when it tries to clear the zone between 7135 – 7210—once this zone is decisively taken out, the market would see the next round of short covering rally.

TOP GAINERS:

Bank of Baroda, Vedanta, Tata Steel, Hindalco, L&T, SBI, Adani Ports and Coal India

TOP LOSERS:

Bharti Airtel, HUL, Idea Cellular and HDFC