Tuesday, May 16, 2017

YESTERDAY’S RECOMMENDATION UPDATE:


lupin near tgt 1315 made high of 1302.4 today ,hold lupin for full profit at final tgt 1330

Market Strong Until Nifty Holds 9375
Technically, Indian Stock Market is still in positive zone. Nifty would possess strong support near 9400 levels. Market would see reversal only if Nifty closes below 9375 levels. Market is ready for a big movement in either side. Some profit booking can’t be ruled out at this point of time as Nifty is near its major resistance levels. Technically, next target for Nifty is set to 9550-9575 but investors should consider booking partial profits at this point of time and hold remaining quantity with stoploss of 9375 levels for Nifty on closing basis. Fresh Short can only be initiated if Nifty closes below 9375 levels. 
The support for the Nifty is 9440-9400-9370-9350-9320 and the resistance to the up move is at 9580-9565-9550-9520-9500 levels.

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