WEEKLY ANALYSIS OF MARUTI FOR 29 AUG-02 SEP

“BUY MARUTI ABOVE 5000 TGT 5030/5060” 

“SELL MARUTI BELOW 4800 TGT 4770/4730”

DAILY CHART FOR MARUTI:

Technical Basis of above calls
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 5000 ; 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 5030  in the stock if it manages to sustain above the immediate support level of 5000. 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 4800, where one may initiate the short position in it for the targets of 4770, while stop loss can be placed at 5000.

Nifty Short Only If  Breaches 8550 Levels

Today, Sensex ended with a loss of 54 points at 27,782. The Sensex opened at 27,883 touched an intra-day high of 27,936 and low of 27,697.The Nifty closed with a loss of 20 points at 8,573. The Nifty opened at 8,614 hitting a high of 8,624 and low of 8,547.Now Technically, Nifty has entered into negative zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation as yesterday fall can be an effect of F&O Expiry as well. If  BankNifty breaches 19211 then it would also enter into negative zone and traders can initiate fresh short positions in Nifty or BankNifty. Now Nifty would again come in positive zone only once it closes above 8702 levels which is far as of now.. But traders should initiate any short positions only after confirmation of the trend that would be confirmed if BankNifty closes below 19211 levels.

BUY JUSTDIAL TIP FOR 26 AUG 2016

YESTERDAY'S ZEEL HIT FIRST TGT 510!!!
“BUY JUSTDIAL ABOVE 500 TGT 515/535”

JUSTDIAL  , Trading idea is buy on JUSTDIAL ; 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 500 as the stock is managing to sustain above the level of 500. One may get the targets of 530,540  in the stock with the stop loss of 475.

F&O Expiry Today, Hold Long Positions Only if Nifty Closes Above 8597 Level

The market is absolutely flat with Sensex is up 11.44 points at 28071.38, and the Nifty is 8.65 points at 8658.95. Today is F&O Expiry for the month and huge volatility would be seen. Technically, Indian Stock Market is in positive trend. Analysis would still remain same. Market would still be considered positive until BankNifty holds 19211 on Intraday basis and 19166 on closing basis for spot levels. BankNifty would see sharp breakout if it breaches 19500 levels, Until then market would continue to sideways movement between  support and resistance levels. Traders can hold long positions in BankNifty and Nifty until it holds 19166 levels for BankNifty and 8597 for Nifty on closing basis. Breaching these levels would force market to see a sharp downfall in days to come and traders can initiate fresh short positions in that case.

TOP GAINERS: Cipla, Axis Bank, Bajaj Auto, ITC, TCS, Lupin, Hero MotoCorp

TOP LOSERS:  Wipro, Infosys, Adani Ports, Bharti Airtel, NTPC and HDFC

ZEEL FUTURE TIPS FOR 25 AUG 2016

“BUY ZEEL ABOVE 525 TGT 530/545”

“SELL ZEEL BELOW 515 TGT 510/500”

ZEEL  , Trading idea is buy on Zee Entertainment ; this stock is continuously holding the gains. Rollovers are comparatively better, if I look at 4-5 series, it is continuously making higher top higher bottom. Recently, it made bottom near to Rs 497-500 zone and surpassed the previous hurdle of Rs 518 level. So, here I am expecting positive move. The stock has support near to Rs 511 one can follow the same as a stop loss level for the targets towards Rs 540,545. It is looks quite strong. The stock has been holding the gains above Rs. 511 zone. the last couple of months which also indicates that longs are rolling their positions. The stock has potential to hit towards new high territory towards Rs 520-525 levels. So, one can buy 510 Call keeping the stop loss of Rs 2 for target of Rs 12.The crossing of the resistance level 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.

Nifty eNDS higher ahead Yellen's speech, MARKET EYEING derivatives expiry

Markets  swung between gains & losses and finished the session on a marginally higher note amid choppy session as investors turned cautious ahead of August F&O expiry and signals on key policy rates from US Federal Reserve Chair Janet Yellen at a meeting scheduled this week. Sensex ended with a gain of 70 points at 28,060. The Sensex opened at 28,065 touched an intra-day high of 28,108 and low of 27,960.The Nifty closed with a gain of 18 points at 8,650.30 The Nifty opened at 8,648.50 hitting a high of 8,661 and low of 8,621.

RANGE BREAKOUT IN COMING WEEK

Both Sensex and Nifty continued to trade in a very tight range but the broader market outperformed both these indices handsomely. In fact, the Mid-Cap index broke out of the trading range and is progressing upwards. The Nifty on the other hand has been in a small

TRADE IDEA ON POWERGRID FUTURE FOR 24 JUNE 2016

YESTERDAY’S BIOCON NEARLY TOUCHED FIRST TGT MADE HIGH OF 897

 “BUY POWERGRID ABOVE 184 TGT 186/188”

“SELL POWERGRID BELOW 180 TGT 178/175”

POWERGRID is likely to continue the upside move in near term with the crossing of the resistance level of 185.50, now the stock is accumulating below the resistance mark of 183.50, with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 65. One may initiate the long position above the mentioned level for the targets of 188. Breakout of its resistance level may show recovery in it where traders can expect targets of 185 and 188 while major support of 180 can be placed as technical stop loss.

Hold Long Positions In Nifty UNTIL IT HOLD 8595

Today, Sensex ended with a gain of mere five points at 27,990. The Sensex opened at 28,013 touched an intra-day high of 28,029 and low of 27,854.The Nifty closed with a gain of three points at 8,632. The Nifty opened at 8,628 hitting a high of 8,639 and low of 8,580.. Technically,  Indian Stock Market is in positive trend. Now BankNifty needs to hold 19211 levels on Intraday basis and 19166 on closing basis. If BankNifty closes below 19166 levels then a sharp breakdown would be seen in the market. Until then traders can hold long

TECHNICAL ANALYSIS OF BIOCON FOR 23 AUG 2016

“BUY Biocon ABOVE 890 TGT 900/920”

“SELL Biocon BELOW 870 TGT 855/845.”

Biocon  is likely to continue the upside move in near term with the crossing of the resistance level of 890, now the stock is accumulating below the resistance mark of 900, further the stock is sustaining below the downward sloping trend line and is likely to continue the northward journey with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 60. One may initiate the long position above the mentioned level for the targets of 890. Breakout of its resistance level may show recovery in it where traders can expect targets of 920 and 935 while major support of 850 can be placed as technical stop loss.

Hold Long Positions In BankNifty As Of Now

Today, Sensex ended with a loss of 91 points at 27,985. The Sensex opened at 28,088 touched an intra-day high of 28,143 and low of 27,918.The Nifty closed with a loss of 38 points at 8,629. The Nifty opened at 8,667 hitting a high of 8,685 and low of 8,614. Technically,  Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would