LAST WEEKLY RECOMMENDATION UPDATE: GIVEN ON 12 AUG

 YESBANK HIT FINAL TGT 1330  MADE A HIGH OF 1336.95
LOT SIZE: 700

WEEKLY TOTAL PROFIT: 42000 IN JUST ONE LOT

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

MARKET CONSOLIDATING, BUY AT DIPS, BREAKOUT EXPECTED IF BANKNIFTY CLOSES ABOVE 19070

LAST DAILY RECOMMENDATION:

IN BeariSH MOMENTUM: ADANIPORTS HIT FIrst TGT 270 MADE A low  OF 266

LOT SIZE: 2500

DAILY TOTAL PROFIT: 22500 IN JUST ONE LOT

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

We continue to see considerable call buildup around the 8700 levels, this suggests that smart money may not be betting on a big rally to take the markets much higher above 8700 in the near future. PCR ratio is around the 0.91 levels which could also mean overall retail outlook is still positive and most retail participant expect the markets to move up from this juncture." Indian Stock Market was open negative. Technically, Indian Stock Market entered into positive trend. Market is still in consolidation phase and would see sharp breakout once BankNifty closes above 19070 levels. If Bank Nifty manages to close above 19070, then the next target would be 19300-19500-20000 levels in days to come. Some sharp correction would be seen but traders should buy at dips and sell at positive rally near resistance levels. Once BankNifty breaches levels of 19070 by closing then traders can go long with full quantity and enjoy huge profits

TOP GAINERS: Tata Steel, Coal India, Aurobindo Pharma, Bajaj Auto, Hero MotoCorp

TOP LOSERS:  Adani Ports, TCS, Tech Mahindra, Power Grid, Infosys and Idea Cellular

TECHNICAL ANALYSIS OF ADANIPORTS FOR 17 AUG 2016

“BUY ADANIPORTS ABOVE 280 TGT 285/290”

“SELL ADANIPORTS BELOW 275 TGT 270/265.”

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 280, 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 290/300 and with the strict stop loss of 270.Today, Sensex ended with a loss of 88 points at 28,065. The Sensex opened at 28,190 touched an intra-day high of 28,199 and low of 27,943. The Nifty closed with a loss of 30 points at 8,643. The Nifty opened at 8,670 hitting a high of 8,682 and low of 8,600. The Sensex and Nifty closed lower on Tuesday after WPI inflation hit 23-month high. Inflation for the month of July soared to 3.55% versus