WEEKLY TECHNICAL ANALYSIS OF ARVIND FOR 16-20 JAN 2017

“BUY arvind ABOVE 375 TGT 388/395 SL 362”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

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 375 as the stock is managing to sustain above the level of 375. One may get the targets of 388,395 in the stock with the stop loss of 392.22&55 and 200 EMA act as a support levels with RSI 60.

MARKETS FLAT, NIFTY STRUGGLES NEAR 8,400

Sensex opened the week at 26741, made a high of 27257, low of 26711 and closed the week at 27218. Thus it closed the week with a gain of 459 points. At the same time the Nifty opened the week at 8266, made a high of 8457, low of 8241 and closed the week at 8420. Thus it closed the week with a gain of 152 points. Technically,Nifty would see strong support at 8380-8355-8335-8300-8280/8250 whereas strong resistance would be seen at 8455-8478-8500-8525-8544-8600 levels.

TRADE IDEA ON INFY FUTURE FOR 13 JAN 2017

YESTERDAY’S RECOMMENDATION UPDATE:
As we have predicted tcs opened on higher note at 2436, then our call is executed later & achieved tgt 2355

“BUY INFY ABOVE 1008 TGT 1018/1030 SL 995”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

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 1008 as the stock is managing to sustain above the level of 1000.200 EMA act as  resistance level at 1050. It may give breakout( 1050) in upcoming sessions. And 22&55 EMA act as support levels at 995,985.  As the stock is sustaining above its 22&55 days moving averages with the RSI 55. One may get the targets of 1030,1050 in the stock with the stop loss of 985.

Indices settled the day higher amid choppy trade led by gains in the IT index after Donald Trump did not announce any stringent rules for H1B visa. It was a third consecutive upbeat day for the Indian markets. After heightened volatility, Nifty closed moderately higher at crucial 8407. Technically, The outlook is bullish for the Nifty. Traders can make use of intra-day dips to buy the Nifty with a stop-loss at 8,250 levels. The contract can resume its up move and test resistance at 8,450 levels. An emphatic breakthrough of 8,450 can push the contract higher to 8,500 and then to 8,600 levels in the short term. On the other hand, a

TRADE IDEA ON TCS FUTURE FOR 12 JAN 2017

BUY TCS ABOVE 2330 TGT 2355/2395 SL 2300

SELL TCS BELOW 2280 TGT 2250/2230 SL 2310

After showing correction from the 200 EMA on daily chart, 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 2330 as the stock is managing to sustain above the level of 2330. One may get the targets of 2355,2395 in the stock with the stop loss of 2300. Tata Consultancy Services Ltd is currently trading at Rs 2320, up by Rs 10.85 or 0.5% from its previous closing of Rs 2309.15 on the NSE. The IT Company will announce its Q3 results on Jan 12, 2017. revenue may grow 1 percent to Rs 29,577 crore in Q3.

Market Still In Positive Momentum, Hold Long trade For Now   

Indian Stock Market would open positive. Technically, Market is still in positive zone and traders can hold long positions for now. Nifty is forming double bottom pattern and close above 8350 would confirm the pattern that would open Nifty target for 8500-8600 levels. BankNifty is also in positive momentum and may see targets of 19000 breaching soon. BankNifty close above 18800, its next target would open for 19000/19200 levels. Overall, traders should continue to hold long positions with strict stoploss of 8250 for Nifty and 18500 of BankNifty on closing basis.

         So on upside first intra resistance are at 8400,8425,8467,8499. On downside first support is at 8147 level.Next support are at 8250,8210,8155,8120.

TOP GAINERS:  Hindalco, Coal India and Bank of Baroda, IndusInd Bank

TOP LOSERS:  Bajaj Auto, HCL Tech, RIL and ITC 

MARKET IN POSITIVE ZONE, GO LONG AT DIPS WITH A STOP-LOSS AT 8,230

After a narrow sideways rangebound move on Monday, the Nifty seems to be gaining momentum slowly. Resistance at 8,300 is however restricting a further rise at the moment. A strong break above this hurdle is needed for the index futures to extend its upmove. Such a break can take the contract higher to 8,325 or even 8,360.Price action on the intraday chart suggests an absence of strong sellers below 8,250. This keeps the possibility open for a break and rise above 8,300 in the coming sessions. Short-term traders with high risk appetite can go long on dips near 8,260 with a stop-loss at 8,230 for the target of 8,315. Revise the stop-loss higher to 8,275 as soon as the contract moves up to 8,295.The outlook would turn negative only if the contract declines below 8,240. The next targets are 8,220 and 8,200. 
                                    Technically, Market is in positive zone and traders can go long at dips for now. Market would see sideways movement as of now. Upcoming week is full of events like results of IndusInd Bank, Infosys and TCS. Macro Economic data like November Factory Data and December Retail Inflation would also be disclosed this week.

                                     Nifty would see strong support at 8250-8220-8150-8100 whereas strong resistance would be seen at 8300-8322-8357-8399 levels.

TOP GAINERS:  Tata motors, Adani Ports, Tata Steel, Asian Paints, HDFC Bank,

TOP LOSERS:  Tech Mahindra, TCS, HCL Tech, Infratel, Infosys 

WEEKLY RECOMMENDATION UPDATE:

STAR HIT ALL HIT TGT 1150 MADE HIGH OF 1173.70

                                     

 BUY GIVEN AT 1100

LOT SIZE :500

TOTAL PROFIT : 50000 IN JUST 2 LOT