Wednesday, 2 May 2018

STOCK FUTURE TRADING TIP FOR 03 MAY 2018


BUY UJJIVAN ABOVE 420 TGT 428/438 SL 405
FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>
Market summary 02 MAY 2018: Among the sectoral indices energy, realty, auto and power traded higher. while metal, IT, teck and consumer durables declined. MidCap was down 0.25% and SmallCap edged up 0.05%. Kotak Bank, Bajaj Auto, Reliance Industries and Tata Motors were top gainers, whereas ICICI Bank, IndusInd Bank, SBI and Yes Bank were among the major losers. The company's net profit rose to Rs 967 crore ($145.08 million) in the three months ended March 31, from Rs 718 crore a year ago, up 35 per cent. The shares ended down by 2.24 per cent at Rs 3,650. Tata Motors Ltd jumped as much as 3.3 per cent, and Maruti Suzuki India gained as much as 2.1 per cent. TVS Motor Co, Mahindra and Mahindra Ltd and Bajaj Auto rose between 0.7 per cent and 1.2 per cent. Dabur India shares jumped as much as 2.9 per cent to Rs 379.95, a record high as the company's Q4 profit rose 19 per cent to Rs 396 crore .
        TECHNICAL VIEW: Ujjivan Financial Services Limited is a non-banking finance company engaged in the microfinance lending business. Primary trend of the UJJIVAN  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 427 ; 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 74, one may expect the targets of 428/438/450 in the stock if it manages to sustain above the immediate support level of 400.
DAILY CHART FOR UJJIVAN


No comments:

Post a Comment