Tuesday, April 3, 2018

STOCK FUTURE TIP FOR 04 APR 2018


BUY IBULHSGFIN ABOVE 1295 TGT 1325/1340 SL 1265

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Indices closed higher for a second straight session on Tuesday helped by gains in banking and power stocks despite losses in global equities amid trade war tensions between US and China. Banking shares rose after allowed banks to spread its bond trading losses. Traders will also focus on the RBI’s policy decision Thursday. Sixteen out of 19 sectoral indices on ended higher with power, banks and utilities leading the gains. MidCap rose 0.92% and SmallCap gained 1.35%. ICICI Bank, M&M, Yes Bank and Power Grid were top gainers, whereas Wipro, ONGC, Adani Ports and HDFC Bank were among the major losers. PSU bank stocks trade higher, Andhra Bank rose 4%, Oriental Bank of Commerce 2.5%, Syndicate Bank 2.1%
                                Indiabulls Housing Finance Limited is a housing finance company. After showing
correction from the higher level, now the stock is trading in the recovery phase for the Short term , it is likely to continue the upside move in near term with the crossing of the resistance level of 1310 as the stock is managing to sustain above the level of 1300. 22 &55 and 200 days moving averages seen as support level with the RSI of 60,  One may get the medium-term targets of 1325,1340,1360 in  with the stop loss of 1265. Thus the trend of the IBULHSGFIN in the short term, medium term timeframe continues to remain upwards.
DAILY CHART FOR IBULHSGFIN:

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