BULLISH TRADE IDEA FOR BIOCON FUTURE FOR 15 MAR

SRTRANSFIN CALL GIVEN ON " 8 MARCH " ROCKS HIT ALL TGT 1000 MADE HIGH OF 1024

BUY GIVEN AT 960

LOT SIZE: 600

NOW TOTAL PROFIT: 48000 IN JUST 2 LOT

BUY BIOCON ABOVE 1100 TGT 1125/1150 SL 1060

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Primary trend of the BIOCON is bullish and after giving breakout of its MONTHLY PIVOT POINT 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 1100 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 55, one may expect the targets of 1125/1150 in the stock if it manages to sustain above the immediate support level of 1100.

Nifty closED ABOVE 9,080; Sensex jumps 496 pts

Indian Stock Market was opened gap positive with 150+ points for Nifty and 300+ points for Sensex. BJP’s clear sweep in UP was a big positive surprise for the market. Market would see lifetime highs today. Some profit booking can be seen from higher levels but overall market is positive for now. Global Market would wait for US FED Interest rate hike. Overall, market
is positive and traders should go long at every dip in the market. Nifty opened with a 186 point (2 per cent) gap-up and made a high of 9,158. However, the contract has come-off sharply from there and is hovering around 9,100.

                                Technically, Key support is at 9,080,  nifty need to sustain above this support to keep alive the chances of a further rise. As long as it trades above 9,080, a rise to 9,150 or even higher is possible in the coming sessions. But, if the contract declines below this level, a fall to 9,020 or 9,000 is possible. Traders can stay out until clarity on the next direction emerges.