WEEKLY TRADE IDEA ON HINDPETRO FUTURE FOR NOV 2016

YESTERDAY’S RECOMMENDATION:
GLENMARK HIT ALL TGT 900 MADE HIGH OF 903.50
DAILY PROFIT: 14000 IN JUST TWO LOT
WEELY RECOMMENDATION UPDATE:
ZEEL  HIT TGT 450 MADE LOW OF 442.90

WEELY TOTAL PROFIT: 96460 IN JUST TWO LOT

“BUY HINDPETRO ABOVE 450 TGT 470/490”

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Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 466, as the stock is sustaining above its 200 and 50,22 days moving averages. One may initiate the long position above the mentioned level for the targets of 490/500 and with the strict stop loss of 420.

Sensex trades flat, Nifty below 8,100

Sensex closed down 77 points, or 0.30%, at 26,150.24. The  Sensex opened at 26,270, touched an intra-day high of 26,349 and low of 26,118.The Nifty closed with a loss of mere six points at 8,074. The Nifty opened at 8,097 hitting a high of 8,129 and low of 8,048.Technically,

TRADE IDEA ON GLENMARK FUTURE FOR 18 NOV 2016

“BUY GLENMARK ABOVE 890 TGT 895/900”

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Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 890, as the stock is sustaining above its 200 days moving averages. One may initiate the long position above the mentioned level for the targets of 895/900 and with the strict stop loss of 880.

Nifty shuts below 8,650 mark

Sensex ended with a loss of mere 71 points at 26,228. The  Sensex opened at 26,305, touched an intra-day high of 26,450 and low of 26,155.The Nifty closed with a loss of 32 points at 8,080. The Nifty opened at 8,105 hitting a high of 8,151 and low of 8,060. The domestic market fell for the fourth straight session as lenders pared most of their early gains to close lower along with software exporters while select energy and auto stocks made a comeback ahead of US Federal Reserve Chair Janet Yellen's testimony to the US Congress today. Shares swung between gains and losses during the day with Sensex rising as much as 150 points in early trade but it later pared gains and fell more than 100 points in the intra-day trade. Nifty50 also breached its crucial 8,100 level during the day. Technically, A strong break below 8050 will increase the downside pressure and drag it to 8000/7950. Traders can go short on a break below 8050.On the other hand, a decisive break above 8500 will ease the downside pressure and take the index futures higher to 8600 and 8700. 
TOP GAINERS: Tata Motors, Hindalco, Tata Motors DVR, Power Grid, GAIL, BHEL
TOP LOSERS:  Ambuja Cement, Bharti Airtel, Zee, TCS, ACC and Asian Paints

WEEKLY TRADE IDEA ON ZEEL FUTURE

LAST RECOMMENDATION UPDATE: GIVEN ON 04 NOV

JUSTDIAL  HIT TGT 350 MADE LOW OF 346.55

LOT SIZE: 800

DAILY TOTAL PROFIT: 32000 IN JUST TWO LOT

 “SELL ZEEL BELOW 480 TGT 450/400”

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Primary trend of the stock is bearish and 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 450, while stop loss can be placed at 500. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 500.Breakout of its resistance level may show recovery in it where traders can expect targets of 520 and 540 while major support of 380 can be placed as technical stop loss. One may initiate the long position above the mentioned level for the targets of 520 and with the strict stop loss of 380. 

Nifty shuts below 8,650 mark

The Indian markets would remain shut on Monday, November 14, 2016 on account of 'Guru Nanak Jayanti'. All the wholesale commodity markets, including bullion and metal, are closed on Monday. Trading in the Indian markets would resume on Tuesday, November 15, 2016.Markets closed the session on a lower note amid volatile trading session. Sensex ended with a loss of 54 points at 27,877. The Sensex opened at 27,966 touched an intra-day high of 28,030 and low of 27,846. Sensex ended today’s trading with a loss of 699 points at 26,819. It opened at 27,345, touched an intra-day high of 27,345 and low of 26,777. The  Nifty closed