Monday, 7 May 2018

STOCK FUTURE TRADING TIPS FOR TUESDAY, 08 MAY


BUY ZEEL ABOVE 600 TGT 606/513 SL 590
FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>
Market summary 07 MAY 2018:  All the sectoral indices, except healthcare and IT, ended higher, with consumer durables, metal, oil and gas, realty, bankex, capital goods and auto leading the gains by rising over 1%. MidCap and SmallCap gained 0.55% and 0.56%, respectively. M&M, ICICI Bank, Axis Bank and Tata Steel were top gainers, whereas Coal India, Dr. Reddy’s Labs, TCS and Sun Pharma were among the major losers.
                               Zee Entertainment Enterprises Limited is a media and entertainment company engaged in providing broadcasting services. After showing correction from the higher level, now ZEEL 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 609 as the stock is managing to sustain above the level of 580.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 609. 22 and 55&200 days moving averages seen as SUPPORT  level with the RSI of 59,  One may get the targets of 615,620,630 in the stock with the stop loss of 580. Primary trend of the ZEEL is bullish. Strong Support level seen on daily chart at 580 AT 55 EMA . 613 level seen as a strong resistance level.
DAILY CHART FOR ZEEL:



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