Friday, 1 June 2018

STOCK FUTURE TRADING CALL FOR 04 JUNE 2018


 " TORNTPHARM (callgiven in post of 31 may 2018)"

 BUY GIVEN @ 1400 ACHIEVED FINAL TGT(1470)

BUY  PEL ABOVE 2440 TGT 2470/2500 SL 2400
FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>
Market summary 01 JUN  2018 : MidCap and SmallCap underperformed and were down 1.01% and 1.57%, respectively. Sixteen out of 19 sectoral indices on BSE declined with power, utilities, realty and basic materials losing over 1%. Auto, energy and telecom rose up to 0.67%.
TOP GAINERS: Bajaj Auto, Maruti, Bharti Airtel and Hero MotoCorp
MAJOR LOSERS: Tata Steel, ONGC, M&M and Hindustan Unilever
                               Piramal Enterprises Limited (PEL) is engaged in the business of pharmaceuticals, including research and development, financial services and information management through its subsidiaries.
After showing correction from the higher level, now PEL  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 2450 as the stock is managing to sustain above the level of 2400.  It is likely to continue the positive movement with the breakout of the resistance levels of 2455. 22 EMA seen as a resistance level @ 2440  and 55 and 200 days moving averages @ 2500 with the RSI of 50.  After breakout, of these levels One may get the targets of 2550,2600,2700 for long term in the stock with the stop loss of 2350.
DAILY CHART FOR PEL


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