WEEKLY TECHNICAL ANALYSIS OF UPL FOR 25 APR 2016

FUTURE :

“BUY UPL ABOVE 525 TGT 535/545”

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

WEEKLY CHART FOR UPL:

The stock is trading in range with the positive bias from the last few trading session. It is sustaining above the 50 & 22 DMA with the RSI of 62. The stock is likely to show an upside rally with the crossing of its resistance mark, where longs can get accumulated for the targets of 841. Support of 791 will act as technical stop loss for the stock. Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 500 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 65.00, one may expect the targets of 535.

MARKET SUMMARY OF 22 APRIL 2016

THE SENSEX ENDED WITH GAIN AFTER ENJOYING AN EXTENDED WEEKEND

LAST RECOMMENDATION UPDATE:GIVEN ON13 APRIL 2016:

ZEEL IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BULLISH MOMENTUM: HIT FINAL TGT 410 GIVEN SELL AT 407

LOT SIZE: 1300                                                                    

TOTAL PROFIT: 7900 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE<<<<<<<<<<<<<<<<<<<<<

The Sensex ended with a gain of 190 points at 25,816. The Sensex opened at 25,833 touched an intra-day high of 25,870 and low of 25,634.The Nifty closed with a gain of 64 points at 7,915. The Nifty opened at 7,908 hitting a high of 7,921 and low of 7,843.Infosys surged 5.7% to Rs.1,238 on BSE. The company reported consolidated net profit of Rs. 3,597 crore for the quarter ended March 31, 2016, registering growth of 3.81% qoq and 16.14% yoy. After enjoying an extended weekend, the Indian equity market resumed its north bound journey. Indices clocked in smart gains on Monday after IT bellwether Infosys perked up the sentiment by posting better than expected quarterly numbers. Nifty also ended above the 200 day moving average. India's wholesale prices fell for the 17th straight month in March, though the decline was marginal. The Wholesale Price Index (WPI)-based inflation declined to -0.85% as compared to -2.33% from a year ago and -0.91% recorded in February.

TOP GAINER :Infosys, Idea Cellular, BPCL, Ultra TechCement, Bharti Infratel, Yes Bank and Cipla

TOP LOSERS: Bank Of Baroda, GAIL, ONGC, SBI, Hero MotoCorp and Bajaj