WEEKLY ANALYSIS OF LUPIN FOR 05-09 SEP

YESTERDAY'S ZEEL  HIT TGT 534 MADE LOW OF 532.50

LOT SIZE: 1300

DAILY TOTAL PROFIT: 15600 IN JUST TWO LOT

“BUY LUPIN ABOVE 1540 TGT 1560/1580”

“SELL LUPIN BELOW 1500 TGT 1480/1450”

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 1540 as the stock is managing to sustain above the level of 1550. One may get the targets of 1560,1580 in the stock with the stop loss of 1500.

CANDLESTICK PATTERN: BULLISH DOJI STAR

The market is in a downtrend and a strong black candlestick further confirms it. The next day opens lower with a gap down, and the trading is in a small range. The day closes at the opening price, causing the formation of a Doji. Bears were in control during the downtrend but now a change is implied by the appearance of a Doji Star, which shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for the continuation of a bear market.

Market Enters Into Bullish Trend, NIFTY ENDS ABOVE 8800 

Today, the  Sensex ended with a gain of 109 points at 28,532. The Sensex opened at 28,499 touched an intra-day high of 28,582 and low of 28,428.The  Nifty closed with a gain of 35 points at 8,810. The Nifty opened at 8,796 hitting a high of 8,824 and low of 8,768.Now Technically, Nifty has entered into bullish zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation. If  BankNifty breaches 20000 and nifty 8866 then it would seen at new high levels.

TOP GAINERS: Adani Ports, Bank of Baroda, Tata MotorsDVR, Maruti 

TOP LOSERS:  Coal India, RIL, ACC, Infosys, Zee, HUL, Bosch and Power Grid

ZEEL FUTURE TIPS FOR 02 SEP 2016

 “SELL ZEEL BELOW 540 TGT 534/528”

ZEEL  Primary trend of the stock is bullish and is consolidating at the higher level. It is also sustaining above its 50 and 200 DMA with the RSI of 70 on long term charts. Now RSI also gives selling signals. and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 540, where one may initiate the short position in it for the targets of 534/528, while stop loss can be placed at 547. . It is expected to continue the bull run with the crossing of the resistance level of 547, One may initiate the long position above the mentioned level for the targets of 552/560 and with the strict stop loss of 540.

CANDLESTICK PATTERN:

The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.

MARKETS SNAPPED THREE DAY WINNING STREAK, NIFTY CLOSED ABOVE 8,800 MARK 

Today, Sensex ended with a loss of 29 points at 28,423. The Sensex opened at 28,459 touched an intra-day high of 28,548 and low of 28,387.The  Nifty closed with a loss of 12 points at 8,775. The  Nifty opened at 8,794 hitting a high of 8,813 and low of 8,760.Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8867-8888 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8900-8950-9000

TRADE IDEA ON LT FUTURE FOR 01 SEP 2016

 “BUY LT ABOVE 1525 TGT 1545/1565”

LT  is showing correction since past few sessions and also sustaining above lower trend line support level 1420. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 1525.Breakout of its resistance level may show recovery in it where traders can expect targets of 1545 and 1565 while major support of 1500 can be placed as technical stop loss.

CANDLESTICK view: bullish after bottom gap up

The first two black days and the gapping down third black day create a market with an extended downtrend. The fourth day is a strong white day that shows there might finally be some weakness in the decline. The fifth day gaps up and closes near its highs creating a strong white candlestick. It now appears that the market overextended itself to the downside and a reversal of the prior trend has begun.

Nifty settles above 8,750 mark ,Market Enters Into Bullish Trend, Go Long At Every Dip In The Market

Today, The  Sensex ended with a gain of 109 points at 28,452. The  Sensex opened at 28,372 touched an intra-day high of 28,532 and low of 28,363.The  Nifty closed with a gain of 42 points at 8,786. The  Nifty opened at 8,754 hitting a high of 8,819 and low of 8,754.Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8867-8888 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8900-8950-9000 levels and BankNifty would see levels of 19800-20000 levels after some consolidation.

MARUTI WEEKLY CALL UPDATE

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HIT FINAL TGT 5060 

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YESTEDAY'S RECOMMENDATION UPDATE:

STAR  ALMOST HIT FIRST TGT 965 MADE HIGH OF 964

LOT SIZE: 500

DAILY TOTAL PROFIT: 14000 IN JUST TWO LOT

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STAR FUTURE TIP FOR 30 AUG 2016

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JUST DIAL ALMOST HIT FIRST TGT 515 MADE HIGH OF 514.80

LOT SIZE: 800

DAILY TOTAL PROFIT: 23680 IN JUST TWO LOT

 “BUY STAR ABOVE 950 TGT 965/980”

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 950 as the stock is managing to sustain above the level of 950. One may get the targets of 965,990 in the stock with the stop loss of 920.

CANDLESTICK PATTERN:

In daily chart star The Bullish Hammer appears in a downtrend and it sells off sharply following the market open. After the decline ceases, the market almost returns to the high of the day. Apparently the market fails to continue on the selling side. This observation reduces the previous bearish sentiment causing short traders to feel increasingly uneasy with their bearish positions. If the body of the Hammer is white, then the situation looks even better for the bulls.

Nifty eNDS higher settles above 8,600 mark

Now Technically, Indian Stock Market is in negative trend and traders should go short at every positive rally in the market. Traders can hold short positions in market for now and can take short positions home confidently, if BankNifty closes below 19166 levels. BankNifty has consolidated earlier in the range of 19000-19100, so it would consolidate again in that range. Once this range is breached on negative side, BankNifty may see downfall upto 18500-18600 levels easily. Traders can hold short positions with Strict stoploss of 8702 levels for Nifty and 19500 levels for BankNifty. Today, the Sensex ended with a gain of 120 points at 27,782. The Sensex opened at 27,827 touched an intra-day high of 27,953 and low of 27,699. The Nifty closed with a gain of 35 points at 8,607. The Nifty opened at 8,584 hitting a high of 8,622 and low of 8,544.

TOP GAINERS: Tata Motors, Hero MotoCorp, RIL, L&T, Bharti Airtel 

TOP LOSERS:  Wipro, TCS, Lupin, HDFC Bank and Asian Paints