STOCK FUTURE TIP FOR WEEK 27 FEB-02 MAR

BUY KOTAKBANK AT 808 TGT 825/850 SL 785

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 808 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 70, one may expect the targets of 825/850 in the stock if it manages to sustain above the immediate support level of 785.

Nifty fails to settle Feb F&O series above 52-week high

Nifty has managed to reverse higher after falling sharply from its intraday high of 8,982 on Thursday. The contract opened with a slight gap-up and has risen further. However, it is still not gaining momentum to extend its rally strongly above 8,950.Key intraday support is in the 8,940-8,930 zone which can be tested if the index futures  fails to sustain above 8,950.A break below 8,930 looks less likely. A reversal from

STOCK FUTURE TRADING TIP FOR 23 FEB

BUY 2 LOT JUSTDIAL AT 525 TGT 535/550 SL 510

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 500 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 80, one may expect the targets of 535/550 in the stock if it manages to sustain above the immediate support level of 500.

NIFTY CLOSED AT HIGHEST LEVEL SINCE SEPTEMBER 2016

Sensex rallied as much as 140 points while the Nifty reclaimed its 8,900 levels for the first time since September 8, 2016. The Sensex settled the day at 28,761, up 100 points, while the Nifty ended at 8,908, up 29 points. Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into positive zone. Some profit booking can be seen due to F&O Expiry but every dip would be an opportunity for traders to go long in the market. Now, market is headed towards new 52 week highs. Traders should go long at every dip in the market until it holds 8770 levels for Nifty and 20456 levels for BankNifty. FIIs were net sellers of Rs.433.38 crores whereas DIIs were net buyers of Rs.827.90 crores in cash market for last trading session. Nifty would see strong support at 8825-8800-8780-8770 whereas strong resistance would be seen at 8925-8955-8970-9000 levels.

STOCK FUTURE TRADING TIP FOR 21 FEB

BUY 2 LOT WOCKPHARMA ABOVE 720 TGT 735/750 SL 700

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 700-730 ; as the stock is managing to trade above its 22 and 55 days moving averages with the RSI of 60, one may expect the targets of 750/800 in the stock if it manages to sustain above the immediate support level of 700. 200 EMA act as a resistance level of 825.

BREAKOUT NOT SIGNIFICANT

Sensex ended the day at 28,661, up 193 points, while the Nifty closed at 8,879, up 57 points. Before this, 8,896 – 8,969 would be seen as immediate levels for the forthcoming week. On the flip side, 8,783 – 8,712 is now likely to provide decent support in the near term.It was an interesting week where after consolidating for the first four days of the week, the indices managed a close above the trading range but the breakout took the form of a big black body candle with a big gap-up opening. Despite the big black body candle, there still remains a gap which implies that the breakout is not significant and as a result the trading range has now undergone an expansion on the higher side i.e. the range is 8700-8900 for the Nifty. One can thus expect the market to spend more time in consolidating before attempting a breakout.