Monday, 23 April 2018

STOCK FUTURE CALL FOR 24 APR 2018


BUY  PVR ABOVE 1360 TGT 1380/1400 SL 1330
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Market summary 24 APRIL 2018: choppy trade on Monday on steady buying in realty, healthcare, consumer durables and IT sectors. TCS saw heavy buying, before finally ending at 34,408, showing a gain 0.2%. This is its highest closing .IndusInd Bank, TCS, Infosys, Yes Bank, M&M, Adani Ports, Sun Pharma, Bharti Airtel, and Wipro, were major gainers, while the shares of ITC, NTPC, Hero MotoCorp, ICICI Bank traded lower. Among sectoral indices, realty, healthcare, IT and TECk remained investors' favourite, while metal, FMCG and infrastructure succumbed to selling pressure .
PVR Limited is engaged in the business of film exhibition and distribution and also earns revenue from in-house advertisement, bowling and gaming alley and restaurant business.Primary trend of the PVR  is bullish. After showing correction from the higher level

1664, 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 1360 as the stock is managing to sustain above the level of 1350. One may get the targets of 1380, 1400 in the stock with the stop loss of 1330. Overall trend of the stock is bullish. If the stock is managing to trade above its RSI of 64 .And PVR manages to sustain above the immediate support level of 1350. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 64, 200 EMA can see as a strong support at 1364. it is likely to experience fresh buying with the crossing of 200 EMA , where one may keep the targets of 1400,1420 in the stock with the stop loss of 1300.
DAILY CHART FOR PVR:


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