STOCK FUTURE TIP FOR WEEK 20-23 FEB

WEEKLY RECOMMENDATION UPDATE:

INFY ROCKS HIT TGT 1000 MADE LOW OF 1012

 GIVEN BUY AT 968

TOTAL PROFIT: 22000 IN JUST 1 LOT

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BUY ZEEL ABOVE 525 TGT 535/550 SL 500

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and after giving breakout of its 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 530-32 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 62, one may expect the targets of 550 in the stock if it manages to sustain above the immediate support level of 500.

STOCK FUTURE TRADING TIP FOR 17 FEB

“BUY CEATLTD ABOVE 1135 TGT 1160/1185 SL 1100”

READ MORE TO KNOW TECHNICAL BASIS :

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 1135 as the stock is managing to sustain above the level of 1135. One may get the targets of 1160,1190 in the stock with the stop loss of 1100.

                       Primary trend of the stock is bullish and it may consolidating NEAR  the 1135  level.  as the stock is sustaining above its 200 days moving averages with 45 RSI. One may initiate the long position above the mentioned level .55&22 EMA act as resistance level at 1065,1185.

NIFTY settle the day higher;CLOSES ABOVE 8750

After a sharp fall on Wednesday, the Nifty has managed to bounce back today. Sensex is trading at 28302, up 146 points, while Nifty is trading at 8,777, up 52 points. The support at 8,730 has held very well. Also, there is a double-bottom bullish pattern on the intraday charts which increases the likelihood of the contract rising to 8,840 the upper end of the

STOCK PICKS FOR 16 FEB 2017

SELL TATAMOTORS BELOW 440 TGT 430/425 

SL 450

The Nifty ended at their lowest in two weeks on Wednesday, with Tata Motors pulling the indexes down after posting disappointing results. The sensex fell 183.75 points or 0.65 per cent to 28,155, its lowest since February .The nifty fell 67.6 points or 0.77 per cent to 8,724, after falling as much as 0.9 per cent earlier in the session.

Initiate Shorts Nifty Closes Below 8730

Technically, Indian Stock Market is in positive zone but it is witnessing distribution pattern that means there is high chance of downfall at this point of time. Market has been consolidating for more than last 7 trading sessions and we are ready for a big move, now. We would see breakout if Nifty closes above 8830 levels whereas a sharp breakdown would be seen if it closes below 8730 levels. Traders should initiate fresh short positions if Nifty closes below 8730 levels or Bank Nifty closes below 20078 levels. The probability of downfall is getting higher due to overstretched market and we may see some reversal in upcoming days, if Nifty is not able to hold 8730 levels on closing basis. Until then traders can hold long positions.

STOCK FUTURE TIP FOR 13-17 FEB 2017

“BUY SUNTV ABOVE 730 TGT 760/780 SL 700”
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READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and is consolidating at the higher level . It is expected to continue the bull run with the crossing of the resistance level of 750, 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 780/800 and with the strict stop loss of 1300.

Markets settle the day flat; NIFTY ABOVE 8800

The Sensex and Nifty ended nearly flat for a second straight session amid weak global markets, while losses in auto stocks led by Tata Motors offset gains in energy and IT stocks. domestic sentiment turned weak as WPI inflation for January jumped to 5.25 per cent from 3.39 per cent in the previous month. The Sensex ended down by 12 points or 0.04 per cent at 28,339 and the Nifty closed down 12 points or 0.14 per cent at 8,792.30.

NIFTY ABOVE 8,800 AHEAD OF RETAIL INFLATION DATA

Market showed a range-bound movement with  positive bias as investors are awaiting CPI inflation data today. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not create much impact on RBI to change their current neutral stance. Focus will be on earnings and a revival in demand with realization growth.

                       The Nifty  has been struggling to extend its rally beyond 8,800 decisively over the last one week. The contract is facing strong resistance at 8,840. Broadly, the nifty seem to be range-bound between 8,730 and 8,840. Within this range there is a strong likelihood of it moving down towards 8,730 in the coming sessions. Traders with high risk appetite can go short at current levels. Stop-loss can be placed at 8,840 for the target of 8,745.A breakout on either side of 8,730 or 8,840 will decide the next leg of move for the contract.A fall below 8,730 can take it to 8,700 and 8,680. On the other hand, if the index futures manage to surpass 8,840 decisively, a rise to 8,865 and 8,900 is possible thereafter.