WEEKLY TECHNICAL ANALYSIS OF ZEEL FOR 08-12 AUG

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: ZEEL HIT TGT 510 MADE HIGH OF 511.80

LOT SIZE: 1300

WEEKLY TOTAL PROFIT: 22880 IN JUST TWO LOT

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

“BUY ZEEL ABOVE 500 TGT 510/520”

“SELL ZEEL BELOW 490 TGT 485/477”

WEEKLY CHART FOR MARUTI:

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 470 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 520  in the stock if it manages to sustain above the immediate support level of 490. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 480, where one may initiate the short position in it for the targets of 455, while stop loss can be placed at 510. 

NIFTY END BELOW 8578; MARKET EYEING THE GST BILL

index forming beARISH PATTERN; Go Short At Every Positive Rally

Today, Sensex ended with a loss of 284 points at 27,697. While, The Nifty closed with a loss of 78 points at 8,545. Stock market in India ended with sharp cuts on Wednesday as the government introduced the GST bill in the parliament. Investors are awaiting the outcome on the Goods and Services Tax (GST) constitutional amendment bill in Parliament. According to reports, the long-pending GST Bill is listed for consideration and passage in Rajya Sabha today amidst strong indications that the most far-reaching taxation reform would be supported by Congress and all other major political parties. The government is keen to get the GST Bill approved during the Monsoon Session of Parliament ending on August 12, 2016. Indian Stock Market was open negative. Technically, Nifty and  BankNifty has entered into negative region. Today, GST Bill would be discussed in Rajya Sabha. GST Bill news is already priced in and once the news is disclosed, market would move Sharply positive with a jerk but this positive rally would not last long. We expect that market would see deep correction after this positive jerk. Traders can go short in BankNifty at every

NIFTY CLOSE BELOW 8650; MARKET REMAIN RANGEBOUND

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: VOLTAS HIT TGT 361  MADE A LOW OF 357.65

LOT SIZE: 2000

DAILY TOTAL PROFIT: 29400 IN JUST ONE LOT

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

The Indian stock market once again ended with marginal losses on Tuesday amid a highly volatile session. Market participants turned jittery ahead of the tabling of GST Bill in Rajya Sabha scheduled on Wednesday. Sensex ended with a loss of 21 points at 27,982. The Sensex opened at 28,069 touched an intra-day high of 28,175 and low of 27,944.The Nifty closed with a loss of 14 points at 8,622. The Nifty opened at 8,647 hitting a high of 8,687 and low of 8,611.Indian Stock Market would open flat. Technically, Nifty is still in positive trend but BankNifty has entered into negative region. Now if Nifty closes below 8578 levels, then we could see sharp downfall. Once any positive news comes in respect of GST Bill, Market

TECHNICAL ANALYSIS OF VOLTAS FOR 02 AUG 2016

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: ZEEL HIT FIRST TGT 510  MADE A HIGH OF 511.75

LOT SIZE: 1300

DAILY TOTAL PROFIT: 22750 IN JUST ONE LOT

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

“BUY VOLTAS ABOVE 371 TGT 374/380”

“SELL VOLTAS BELOW 365 TGT 361/355”

The Indian equity market closed with marginal losses on Monday erasing all its early gains. Sensex ended with a loss of 49 points at 28,003. The Sensex opened at 28,083 touched an intra-day high of 28,285 and low of 27,874.The Nifty closed with a loss of two points at 8,636. The Nifty opened at 8,654 hitting a high of 8,711 and low of 8,591. Nifty in its daily time series chart has formed a Doji pattern. Going forward key level to watch is 8,750-8,625. Market is expected to move much higher if it manages to move above the breakout level of 8,750. Important support is at 8,625-8,610 and resistance is visible around 8,700-8,750. Among domestic macro economic data, Services PMIdata is schedule to