WEEKLY TECHNICAL ANALYSIS OF SRTRANSFIN FOR 30 MAY

LAST WEEKLY RECOMMENDATION:

IN BULLISH MOMENTUM: VOLTAS HIT TGT  335 MADE HIGH OF 344.10 BUY AT 325

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 61120 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 630 MADE LOW OF 620.90 SELL AT  640

LOT SIZE: 500

DAILY TOTAL PROFIT: 19100 IN JUST TWO LOT

LAST RECOMMENDATION:GIVEN ON 25 MAY 2016

IN BULLISH MOMENTUM: BHATIARTL HIT TGT 358 MADE HIGH OF 357.85 SELL AT  353

LOT SIZE: 1200

TOTAL PROFIT: 40050 IN JUST TWO LOT

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

DAILY CHART FOR VOLTAS & JUSTDIAL & BHARTIARTL:

 FUTURE :

“BUY SRTRANSFIN ABOVE 1205 TGT 1230/1260”

 “SELL SRTRANSFIN BELOW 1180 TGT 1160/1120

The stock is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1180, where one may initiate the short position in it for the targets of 1120, while stop loss can be placed at 1220.It may also 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 1205 as the stock is managing to sustain above the level of 1230. One may get the targets of 1260,1300 in the stock with the stop loss of 1275.

TOP GAINERS: SBI, BPCL, Sun Pharma, Bank of Baroda, Adani Ports, Ambuja Cement, RIL, Aurobindo Pharma and Bajaj-Auto 

TOP LOSERS: ONGC, Tata Power, Tech Mahindra, Axis Bank, Bharti Infratel, NTPC and Idea Cellular

TECHNICAL ANALYSIS OF JUSTDIAL FOR 27 MAY

FUTURE :

“BUY JUSTDIAL ABOVE 670 TGT 670/685”

 “SELL JUSTDIAL BELOW 640 TGT 630/615”

DAILY CHART FOR JUSTDIAL

Sensex ended with a gain of 486 points at 26,367. The Sensex opened at 26,008 touched an intra-day high of 26,399 and low of 25,941. Sensex galloped approximately 1,100 points in last 2 trading session. The Nifty closed with a gain of 145 points at 8,070. The Nifty opened at 7,974 hitting a high of 8,083 and low of 7,949. “Markets have displayed a spectacular rally with Nifty touching the high of CY 2016. We expect Nifty to trade between 8,350-8,500 levels in the next 1-2 months owing to 

couple of factors namely expectation of a above normal monsoon, better than expected corporate results in this quarter, stellar performance by L&T showing signs of a pick-up in the Indian economy, win of BJP in Assam which paves way for the GST passage and a exit poll in UK indicating that hopes of Britain exit from the Euro zone has dimmed.

TOP GAINERS: L&T, Adani Ports, BHEL, ONGC, Dr.Reddy's, SBI, M&M and GAIL

TOP LOSERS: Sun Pharma, HDFC, Tata Steel, HDFC Bank, NTPC and Asian Paints

TECHNICAL ANALYSIS OF BHARTIARTL FOR 26 MAY

FUTURE :

“BUY BHARTIARTL ABOVE 353 TGT 358/365”

 “SELL BHARTIARTL BELOW 347 TGT 341/335”

DAILY CHART FOR BHARTIARTL

The Nifty 50 futures contract has surged after opening with a huge gap-up. The downside pressure has eased Sensex ended with a gain of 576 points at 25,881. The  Sensex opened at 25,432 touched an intra-day high of 25,897 and low of 25,431.The Nifty closed with a gain of 186 points at 7,935. The  Nifty opened at 7,812 hitting a high of 7,938 and low of 7,809. If the Nifty is able to break above 7,900 - 8,000 levels on the back of string global and domestic triggers, the market rally will continue and can take the Nifty around 5% - 7% higher from here on. However, one still needs to remain cautious as all these events, including the progress of monsoon in June. Technically,

LAST RECOMMENDATION:GIVEN ON 23 MAY 2016

COLPAL ROCKSSSSSSS HIT TGT 840 MADE HIGH OF 542.45 BUY AT  820

CONCOR NOT EXICUTED YET

LOT SIZE: 500

TOTAL PROFIT: 20000 IN JUST TWO LOT

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

INTRADAY CHART FOR COLPAL:

After opening on a flat note, indices were stuck in a range, Sensex ended with a gain of 75 points at 25,305. The Sensex opened at 25,519 touched an intra-day high of 25,340 and low of 25,181.The NSE Nifty closed with a gain of 28 points at 7,759. The Nifty opened at 7,738 hitting a high of 7,761 and low of 7,715. The Indian equity market ended near day’s high on Tuesday snapping a four day losing streak amid a highly lackluster day. The session was so dull that Nifty index was stuck in a mere 40 points range while  Sensex was trapped in a 160 points range.  The headline indices edged higher after well-received corporate results, including from Tata Power, offset lingering worries about rate hikes by the US Federal Reserve.

TOP GAINERS: Grasim, NTPC, ACC, Tata Motors, Tata Power, ICICI Bank, Ultratech Cement, Tata Steel and Asian Paints

TOP LOSERS: Aurobindo pharma, Idea, BPCL, Bajaj Auto, Sun Pharma and Bank Baroda

TECHNICAL ANALYSIS OF COLPAL & CONCOR

FUTURE :

“BUY COLPAL ABOVE 820 TGT 830/840”

 “BUY CONCOR ABOVE 1400 TGT 1420/1450”

DAILY CHART FOR CONCOR & COLPAL:

The Sensex ended with a loss of 72 points at 25,447. The Sensex opened at 25,519 touched an intra-day high of 25,519.26 and low of 25,208.The Nifty closed with a loss of 19 points at 7,731. The Nifty opened at 7,814 hitting a high of 7,821 and low of 7,722.The domestic equity market had a promising start on Tuesday and the benchmark indices showed strength through the first half of the session, but midway through the day, the indices gave up all the gains and slumped, ending the day deep in the red. Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Market may see some short-covering rally but it would capped at 7888 levels for Nifty. Every positive rally would still be considered as an opportunity for traders to go short in the market. Next support for Nifty would be 7695-7675 levels. Nifty if closes below 7715 levels, then we could witness further downfall in the market. Overall, trade is to go short at every positive rally in the market. Nifty would see strong support at 7715-7700-7675 whereas strong resistance would be seen at 7816-7830-7865-7888 levels. 

TOP GAINERS:ITC, Power Grid, Bharti Infratel, ACC, Tata Power, Ambuja Cement, Adani Ports, Bharti Airtel and Coal India

TOP LOSERS: Lupin, Tata Steel, ONGC, Cipla, Bank of Baroda, Aurobindo Pharma, TCS and SBI