STOCK FUTURE CALL FOR 19 APR 2018

BUY VGUARD ABOVE 242 TGT 247/252

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Market summary 18 APRIL 2018: Domestic indices continued their winning spree for 10th straight session on positive global cues and sustained by domestic institutional investors and retail investors. Robust macroeconomic data also boosted the domestic sentiment. sectoral indices, FMCG, realty, capital goods and power found investors' support, while consumer durables, oil & gas, PSU and banking succumbed to selling pressure. Top five gainers were ITC, Wipro, Bharti Airtel, YES Bank and ONGC, while the major losers were Coal India, M&M, Kotak Bank, Axis Bank and IndusInd Bank.

V-Guard Industries Limited is engaged in manufacturing, trading and selling of electronic and electrical products such as voltage stabilizers, uninterruptible power supply (UPS),PVC Cables, Pumps and Motors, Electric Water Heaters, Fans, Switchgears. Primary trend of the VGUARD  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 242 ; Overall trend of the stock is bullish ,as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 67, one may expect the targets of 247/252/260 in the stock if it manages to sustain above the immediate support level of 235. It is likely to experience fresh buying with the crossing of 246 , where one may keep the targets of 252,260.

DAILY CHART FOR VGUARD