Markets witness highest single-day fall in 6 years

YESTERDAY’S ZEEL  IS ON FIREEEE!!!!!!!!!!!!!!!!!!! HIT FINAL TGT 365 MADE LOW OF 346 

The markets suffered their worst intra-day fall in six years with The Sensex closed 1,625 points or 5.9% lower at 25,742 while Nifty slumped 491 points or 5.9% to end at 7,809. Both the benchmark indices registered their biggest single-day decline in percentage terms since January 7, 2009 when they had dropped 6.2-7.2% each.  India's benchmark equities indices witnessed carnage on Black Monday with the markets recording their biggest single-day percentage decline since January 2009. Fearful investors shunned equities, tracking a sharp sell-off in Chinese stocks over concerns that the sluggish growth in that country would lead to a global economic slowdown. Nifty future opened gap down on dismal global cues. It posted the low of 8222 in the first half hour of the session and turned range bound for the better part of the day. and it closed the day off the low of the day around the important 200 exponential moving average. Nifty future had opened below this level so it was breached in the opening and it continued to remain below this region for the better part of the day, retesting it towards the closing. A breach of this region is significant as the 200 exponential moving average which is a long term moving average has been breached for the first time since July. This signals that the long term trend could be in jeopardy. A decisive breach of 8190 could lead to fresh weakness. 

DAILY CHART FOR NIFTY

WORLD MARKET UPDATES FOR 24 AUG2015

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Rupee plunges further against dollar, down by 27 paisa
Nifty likely to open gap down tracking global cues
Down Jones 530 Points Down 16,590
Nikkei 623  Points Down 18,812
Hang Sang 105  Points Down 21,355
RESULT TODAY
·        AGM Of City Union Bank Ltd

TECHNICAL ANALYSIS OF ZEEL & DAILY CHART

YESTERDAY’S SUNPHARMA IS ON FIREEEE!!!!!!!!!!!!!!!!!!! ALMOST HIT FINAL TGT 900 MADE HIGH OF 906.10

FUTURE :

“BULLISH ZEEL ABOVE  383 TGT  387/393” 

“BEARISH ZEEL BELOW  379 TGT 372/365”

DAILY CHATS

DAILY AND WEEKLY SUPPORT AND RESISTANCE FOR ZEEL

NSE NEWS FOR ,21 AUGUST 2015

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Mkt likely to sell off again at open
Down Jones 358 Points Down 16,990
Nikkei 420  Points Down 19,612
Hang Sang 470 Points Down 22,287

TECHNICAL ANALYSIS OF SUNPHARMA & DAILY CHART

FUTURE :

“BEARISH SUNPHARMA BELOW  930 TGT 915/900”

“BULLISH SUNPHARMA ABOVE  940 TGT  955/970” 

DAILY CHATS

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 947 as the stock is sustaining above its 200 and 100 days moving averages. One may initiate the long position above the mentioned level for the targets of 1000 . and it can be forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 930, where one may initiate the short position in it for the targets of 900.

Daily Level	R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
	952	943	938	935	931	928	924	921	917	912	904

Weekly Level	R3	R2	R1	REVERSAL	BULL	LOC	BEAR	REVERSAL	S1	S2	S3
	958	938	926	911	906	903	899	894	879	867	855

Simple Moving Averages

NSE NEWS FOR ,20 AUGUST 2015

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Rupee weakens 15 paise against dollar in early trade
Nifty stares at negative open after weak Wall Street close
Down Jones 162 Points Down 17,348
Nikkei 122 Points Down 20,100
Hang Sang 329 Points Down 22,838
RESULT TODAY
·         Dividends Of Jubilant Life Sciences Ltd On 20 Aug 215.
·         Board Meetings Of  HCL Infosystems Ltd

PROFIT SUMMARY FOR 19 AUGUST 2015

After a volatile day, the market ended with some gains. The Sensex was up 100 points or 0.4 percent at 27931 and the Nifty gained 28 points or 0.3 percent at 8495. About 1470 shares have advanced, 1407 shares declined and 121 shares were unchanged. Sun Pharma, Lupin, Wipro, Hero and Cipla were top gainers while Hindalco, SBI, Coal India, Axis Bank and NTPC were major losers. Nifty closed on a bear note at 8466 level .So today on upside first resistance is at 8492-96 level.Next resistance are at 8518,8611,8650,8740,8817,8880,level On downside first support is at 8440-36 level.Next support are at 8415,8375,8327,8288,8265,8220 level.The trend is still in bull side but range between 8550-70 is a slight barrier area. So tomorrow on upside intra resistance are at 8496 and 8522 level and on downside be alert below 8436 and below 8410 the trend may become strong bearish . Shares of Amtek Auto have tanked by 37% to Rs 80.75, also their 52-week lows on the National Stock Exchange (NSE) after the exchange decided on Tuesday to remove the stock from F&O segment with effect from October 30, 2015. Contracts for new expiry months in Amtek Auto will not be issued on expiry of existing contract months,” NSE said in a circular dated August 18, 2015.
TOP GAINERS AND LOSERS:

PROFIT SUMMARY FOR 18 AUGUST 2015

The Sensex declined 44 points to 27833 and the Nifty fell 11 points to 8466. About 1567 shares have advanced, 1228 shares declined, and 117 shares are unchanged on the BSE. Shares of Sharon Bio Medicine were locked at 20 percent upper circuit at Rs 21.30 on Tuesday after the US drug regulator audited company's formulation plant in Uttarakhand. It was a volatile opening for Nifty future as it rallied to an intraday high of 8531 after a weak open and slipped to a low of 8480 in the opening session itself. Neither did it cross the initial high posted in subsequent rallies nor did it breach the low on sell offs. It closed in the negative below the 8500 level, off the high and low of the day. Some consolidation in the 8440-8530 region was seen after the big move on the previous day before the next trending move. On the higher side, 8500 is the immediate resistance above which 8540 is the next supply zone and this must be taken out before fresh momentum can be expected. 8590-8612 must be taken out decisively before the bulls can feel comfortable again. On the lower side, 8475 is the immediate support below which 8460, 8410, 8387, 8372 are important levels expected to give some support. Below 8400, the initiative will move in the hands of the bears. A decisive breach of 8370 will signal further weakness.

• Eros International Ltd rallied over 11 per cent in intraday trade. 

• Sun TV Ltd lost 8 per cent in intraday trade. 

• Srei Infra Ltd spiked over 6 per cent in intraday trade. 

• Tata Coffee Ltd surged over 12 per cent in intraday trade. 

TOP GAINERS AND LOSERS ARE: