WEEKLY AXISBANK CALL FOR 16 MAY 2016

LAST WEEKLY RECOMMENDATION:

VOLTAS IS ON FIREEEEEEEEE …!!!!!!!!!!!!

IN BULLISH MOMENTUM: HIT TGT  320 MADE HIGH OF 328.90

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 60480 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

RELCAPITAL HIT FINAL TGT 395  MADE LOW OF 392.10 SELL AT  400

LOT SIZE: 1500

DAILY TOTAL PROFIT: 23700 IN JUST TWO LOT

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

DAILY CHART FOR VOLTAS & RELCAPITAL:

 FUTURE :

“BUY AXISBANK ABOVE 495 TGT 505/520”

 “SELL AXISBANK BELOW 482 TGT 478/470”

Axis Bank, are appropriate for buying. Even for short term as well as for a larger positional trade. For the last six months, Axis Bank   is trading in a range of Rs 380 and Rs 480. last week the stock has given a breakout from this range and we are seeing fresh long positions getting built up. Axis Bank   is showing quite a bit of strength. So, from that perspective, I assume that the stock would not fall below Rs 484. So, even if it were to open gap down and if it does not violate Rs 484 or even if it violates and quickly recovers to levels above Rs 484, it is still a buy and I would put a stop below Rs 480 and targets would remain at Rs 494 to about Rs 505. So, that is how you play Axis Bank.

TECHNICAL ANALYSIS OF RELCAPITAL FOR 13 MAY 2016

FUTURE :

“BUY RELCAPITAL ABOVE 412 TGT 416/422”

 “SELL RELCAPITAL BELOW 400 TGT 395/388”

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DAILY CHART FOR RELCAPITAL:

Snapping Wednesday's losses, the  Sensex on Thursday added 193 points, The Sensex ended with a gain of 193 points at 25,790. The Sensex opened at 25,685 touched an intra-day high of 25,827 and low of 25,620. while the broader  Nifty topped its key 7,900-mark.The Nifty closed with a gain of 52 points at 7,900.40. The Nifty opened at 7,871.45 hitting a high of 7,916 and low of 7,850. , markets bounced back today owing to a spectacular rally in bank stocks after the Rajya Sabha passed the  Bankruptcy Bill. In the banking pack, ICICI Bank, SBI, IndusInd Bank, HDFC Bank and Bank of Baroda surged between 0.2%-4% to the passage of Bankruptcy Bill.

LAST RECOMMENDATION UPDATE: GIVEN ON 10 MAY

STAR IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BULLISH MOMENTUM: HIT TGT 1160 MADE HIGH OF 1165.75 BUY AT 1150

LOT SIZE: 400                                                      

TOTAL PROFIT: 8000 IN JUST TWO LOT

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INTRADAY CHART FOR STAR:

In a volatile session on Wednesday, the S&P BSE Sensex pared initial losses to settle the day 175 points lower, while the broader CNX Nifty ended below its key 7,850-mark.The Sensex ended with a loss of 176 points at 25,597. The Sensex opened at 25,549 touched an intra-day high of 25,762 and low of 25,409.The Nifty closed with a loss of 39 points at 7,848. The Nifty opened at 7,805 hitting a high of 7,893 and low of 7,781. Today, Indian Stock Market open gap negative. Technically, Indian Stock Market is in positive zone but the news on Capital

TECHNICAL ANALYSIS OF STAR FOR 11 MAY 2016

FUTURE :

“BUY STAR ABOVE 1150 TGT 1160/1175”

 “SELL STAR BELOW 1135 TGT 1125/1110”

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

DAILY CHART FOR STAR:

Strides Shasun's FY16 results on May 16, 2016 Strides Shasun Ltd has informed BSE that a meeting of Board of Directors of the Company is scheduled to be held on May 16, 2016, inter alia, to consider the audited financial results of the Company for the financial year ended March 31, 2016 and recommendation of dividend "In Strides Shasun   again a bottom is being made and it has been holding averages. So this is a buy with a stop loss of Rs 1,120, target of Rs 1,165/1175," .The Sensex ended with a gain of 84 points at 25,773. The Sensex opened at 25,683 touched an intra-day high of 25,810 and low of 25,614. The Sensex fell by some 35 points in early trade on Tuesday as funds and retail investors booked profits after yesterday's strong gains amid mixed Asian cues.

MARKET BREADTH TURNED FAIRLY POSITIVE WITH 26 OF THE 30 SENSEX COMPONENTS TRADING IN GREEN.

LAST RECOMMENDATION UPDATE: GIVEN ON 04 MAY 2016:

RELCAPITAL IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BULLISH MOMENTUM: HIT FINAL TGT 400 MADE HIGH OF 413.20 BUY AT 386

LOT SIZE: 1500                                                       

TOTAL PROFIT: 42000 IN JUST TWO LOT

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

INTRADAY CHART FOR RELCAPITAL:

On the daily charts, Sensex has made a Doji whereas Nifty has managed a formation very close to Bullish Hammer, but in this case the candle has a small upper shadow. Interestingly Nifty has formed three neutral formations in past three days. This could have formed a Bullish Tri-Star formation if the second day candle body would have been lower than the first and third day’s body. On the weekly charts both the indices have formed a Black body candle which is smaller than average. Hence candlestick analysis suggests uncertainty in the near future. The Sensex ended with a gain of 460 points at 25,689. The Sensex opened at 25,532 touched an intra-day high of 25,710 and low of 25,303. The Nifty closed with a gain of 133 points at 7,866. The Nifty opened at 7,755 hitting a high of 7,874 and low of 7,754. Indian Stock Market would open positive. Technically, Some positive short-covering rally can be ruled out at this point of time. Breaching levels of 8000 for Nifty and 17100 for BankNifty would confirm an Inverse Head and Shoulder Pattern (Bullish Pattern), which would force market to see a sharp breakout and we could even see new highs in few months, if that happens. Until then, we would consider market to be negative with some short covering rally seen and 7600-7500 would be considered as very strong support for Nifty. Nifty would see strong support at 7705-7685-7650-7615-7600 whereas strong resistance would be seen at 7795-7830-7865-7900 levels.

TOP GAINERS: Axis Bank , HDFC, ICICI Bank, ITC, L&T, Hero MotoCorp, Aian Paints

TOP LOSERS: Dr.Reddy's, Tata Steel, Bhel and Cipla