WEEKLY TECHNICAL ANALYSIS OF STAR FOR 27 JUNE

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: LUPIN HIT TGT 1450 MADE  LOW OF 1435

LOT SIZE: 300

DAILY TOTAL PROFIT: 21000 IN JUST TWO LOT

LAST WEELY RECOMMENDATION:

IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 615 MADE LOW OF 582.70

IN BULLISH MOMENTUM: JUSTDIAL MADE HIGH OF 667.40

LOT SIZE: 500

DAILY TOTAL PROFIT: 32400 IN JUST TWO LOT

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

FUTURE:

“BUY STAR ABOVE 1065 TGT 1078/1100”

“SELL STAR BELOW 1040 TGT 1020/1000”

DAILY CHART FOR STAR:

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 1065 as the stock is managing to sustain above the level of 1075. One may get the targets of 1100,1120 in the stock with the stop loss of 1040.Today,Sensex ended with a loss of 605 points at 26,398. The Sensex opened at 26,367 touched an intra-day high of 26,436 and low of 25,911.The Nifty closed with a loss of 182 points at 8,089. The Nifty opened at 8,029 hitting a high of 8,101 and low of 7,927.05.

TOP GAINERS: SBI, Cipla, Adani Ports, Bank of Baroda, Eicher Motors, ITC, Tata Motors 

TOP LOSERS: Tata Motors, Tata Motors DVR, Tata Steel, Hindalco, L&T, Tech Mahindra

LAST RECOMMENDATION UPDATE: GIVEN ON 23 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: YESBANK HIT FINAL TGT 1100  MADE A HIGH OF 1165.65

LOT SIZE: 700

DAILY TOTAL PROFIT: 24500 IN JUST TWO LOT

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DAILY CHART FOR YESBANK:

FUTURE:

“BUY LUPIN ABOVE 1500 TGT 1530/1560”

“SELL LUPIN BELOW 1470 TGT 1450/1430”

Sensex ended with a gain of 237 points at 27,002. The Sensex opened at 26,753 touched an intra-day high of 27,061 and low of 26,737. The Nifty closed with a gain of 67 points at 8,270. The Nifty opened at 8,201 hitting a high of 8,305 and low of 8,188. Markets witnessed rangebound trades in the past two days, however it shot up in the late trades today on the back of decrease in the selling pressure amid uncertainty regarding the mega Brexit referendum. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Now further movement would depend on Brexit polls result that would be disclosed today evening. Market would see gap positive or gap negative movement based on the polls results. 

TOP GAINERS: Tata Motors, DR.Reddy's SBI, Sun Pharma, ITC, Lupin, HDFC Bank 

TOP LOSERS: NTPC, Cipla, TCS, ONGC and RIL

TECHNICAL ANALYSIS OF YESBANK FOR 23 JUNE 2016

FUTURE:

“BUY YESBANK ABOVE 1082.50 TGT 1090/1100”

“SELL YESBANK BELOW 1070 TGT 1060/1050”

DAILY CHART FOR YESBANK:

Primary trend of the stock is bullish .It is expected to continue the bull run 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 1082.50.as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 70. One may initiate the long position above the mentioned level for the targets of 1100 and with the strict stop loss of 1065. Today, Sensex ended at 26,766 down 47 points, while NSE Nifty ended lower by 16 points at 8,204.Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Analysis would still remain same. Market would consolidate in a rangebound region until Brexit event, Important Closing levels to watch out for Nifty is 8250 levels, closing  once Nifty above this level, it would be more positive biased and every downfall would be recovered with a positive rally. So for a Positive rally, Market needs to close above its immediate resistance of 8250 levels.

TECHNICAL ANALYSIS OF ARVIND FOR 22 JUNE 2016

FUTURE:

“BUY ARVIND ABOVE 330 TGT 336/345”

“SELL ARVIND BELOW 325 TGT 320/313”

DAILY CHART FOR ARVIND:

Primary trend of the stock is bullish .It is expected to continue the bull run 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 330.50.as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 66.30. One may initiate the long position above the mentioned level for the targets of 340 and with the strict stop loss of 320. Sensex ended with a loss of 54 points at 26,813. The Sensex opened at 26,907 touched an intra-day high of 26,926 and low of 26,755.The Nifty

TECHNICAL ANALYSIS OF RELCAPITAL FOR 21 JUNE

FUTURE:

“BUY RELCAPITAL ABOVE 405 TGT 410/420”

“SELL RELCAPITAL BELOW 390 TGT 385/375”

DAILY CHART FOR RELCAPITAL:

Sensex ended with a gain of 241 points at 26,867. The Sensex opened at 26,497 touched an intra-day high of 26,885 and low of 26,447.The Nifty closed with a gain of 68 points at 8,239. The Nifty opened at 8,116 hitting a high of 8,244 and low of 8,107.35. Stock market in India started off the week on a bright note despite Reserve Bank of India Governor Raghuram Rajan saying no to a second term. Indices which opened with a gap down, recovered all its losses and managed to close almost near day's high. Indian Stock Market was open Gap Negative. Technically, Indian Stock Market is still in positive trend but RBI Governor, Raghuram Rajan’s announcement on getting retired in September 2016 would force market to see a sharp downfall.