WEEKLY CALL OF HDFCBANK FOR 25 JULY 2016

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: MARUTI HIT FINAL TGT 4550 MADE A HIGH OF 4469

LOT SIZE: 150

DAILY TOTAL PROFIT: 15000 IN JUST TWO LOT

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“BUY HDFCBANK ABOVE 1235 TGT 1255/1275”

“SELL HDFCBANK BELOW 1220 TGT 1200/1185”

DAILY CHART FOR HDFCBANK:

WEEKLY CANDLESTICKER VIEW: 

The Umbrella indicates that sellers mostly dominated trading during the day and they were able to drive prices lower. However, buyers resurfaced at the end of the day and they successfully pushed prices back to the opening level and to the day’s high.
The Umbrella has the potential to signal a bullish reversal at the bottom if it appears after a long downtrend, long black candlestick or if it is seen at a support level. Likewise, umbrella may signal a bearish reversal at the top if it appears after a long uptrend, a long white

SENSEX SLIPS OVER 200 POINTS; NIFTY HOLDS 8,500

BUY YESBANK ABOVE 1160 TGT 1170/1185 SL 1145

Sensex ended with a loss of 205 points at 27,711. The Sensex opened at 27,981 touched an intra-day high of 27,989 and low of 27,687.54.The Nifty closed with a loss of 58 points at 8,510. The Nifty opened at 8,583 hitting a high of 8,585 and low of 8,504.45.The Indian stock market snapped two day winning streak on Thursday as momentum failed to sustain at higher levels. The Nifty is likely to remain rangebound between 8,400-8.600 till the GST Bill gets passed. Markets are witnessing profit taking at higher levels as there are no positive surprises from the first quarter earnings. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Analysis would still remain same. Market would continue to see positive rallies until Nifty holds 8478 levels. Once Nifty breaches levels of 8600-8635 levels, we would see a sharp breakout in the whole Indian Stock Market. Traders

TECHNICAL ANALYSIS OF HDFCBANK FOR 21 JULY 2016

“BUY HDFCBANK ABOVE 1240 TGT 1260/1270”

“SELL HDFCBANK BELOW 1230 TGT 1210/1200”

DAILY CHART FOR HDFCBANK:

Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 1240, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 1270 and with the strict stop loss of 1230. It is also forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1230, where one may initiate the short position in it for the targets of 1200, while stop loss can be placed at 1260.

The Indian stock market rallied for the second consecutive session on Wednesday.

NIFTY CLOSED WITH A GAIN OF 20 POINTS, WIPRO Q1 PAT STANDS AT RS.2052 CRORE

Wipro, one of the largest IT firms, announced its financial results for the quarter ended June 30, 2016 on July 19.The consolidated Profit after tax (PAT) of the company stood at Rs. 2052 crore in Q1 FY17 as compared with Rs.2238 crore in Q4 FY16.Wipro registered consolidated net revenue of Rs.13,697 crore as against Rs.13,741 crore qoq.

                               Sensex ended with a gain of 41 points at 27,788. The Sensex opened at 27,790 touched an intra-day high of 27,826.69 and low of 27,638.The Nifty closed with a gain of 20 points at 8,529. The Nifty opened at 8,514.30 hitting a high of 8,540 and low of 8,477. The Indian equity market ended with smart gains amid a highly volatile session. After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, a sudden bout of buying in the oil and gas, energy, pharma, IT, metals stocks lifted the benchmarks. On the other hand, FMCG, consumer durables, banking and realty stocks were under pressure. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Now, 8480 would act as reversal levels for Nifty, closing below which Nifty would enter into negative zone.

TECHNICAL ANALYSIS OF WIPRO FOR 19 JULY 2016

Today, Sensex ended with a loss of 90 points at 27,747. The Sensex opened at 27,920 touched an intra-day high of 28,014 and low of 27,697.69.The Nifty closed with a loss of 33 points at 8,509. The Nifty opened at 8,564 hitting a high of 8,587.10 and low of 8,494.35. Equity benchmarks wiped out all gains in last hour of trade with the Nifty falling below 8500 level intraday Monday after rallying 2.6 percent in the previous week. However, the market started off trade on a positive note following Reliance's Q1 results and firm Asian peers. Oil, infra, telecom and select banking & financials dragged the market.

“BUY WIPRO ABOVE 555 TGT 565/580”

“SELL WIPRO BELOW 548 TGT 540/530”

The stock is in bear side and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the resistance  level of 555, where one may initiate the long position in it for the targets of 570, while stop loss can be placed at 445. one may initiate the short position also if it is likely to show correction with the breach of the support level of 548 in it for the targets of 535, while stop loss can be placed at 560.

DAILY CHART FOR WIPRO: