Indian equity market started off the truncated week on a sloppy note

Sensex ended with a gain of 13 points at 24,659. The  Sensex opened at 24,655 touched an intra-day high of 24,793 and low of 24,509.The  Nifty closed at 7,485. The  Nifty opened at 7,486 hitting a high of 7,527 and low of 7,442. After enjoying the best weekly gains in the previous week, the Indian equity market started off the truncated week on a sloppy note. Indices, which had opened with gains were unable to carry forward the momentum as selling pressure in the banking, financials and IT stocks dragged the indices to close with marginal losses snapping a four-day winning streak. Nifty continued the bullish momentum to close at 7485. So today on upside first resistance is at 7519-24 level.Next resistance are at 7547-52,7578-83,7610. On downside first support is at 7451-46 level.Next support are at 7423-18,7392-87,7358-53. Cairn India, Hindalco, Vedanta, Lupin, GAIL, RIL, HDFC, Adani Ports and ITC were among the gainers , whereas Bank of Baroda, Maruti Suzuki, HCL Tech, HUL, SBI, Kotak Bank and PNB were among the losers today. 

WEEKLY TECHNICAL ANALYSIS OF WOCKPHARMA 08 MARCH 2016

LAST RECOMMENDATION:

VOLTAS IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FINAL TGT 240  MADE HIGH OF 248.00 BUY AT 225

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 48000 IN JUST TWO LOT

FUTURE :

“BUY WOCKPHARMA BELOW 920 TGT 950/1000”

WEEKLY CHART FOR WOCKPHARMA:

Primary trend of the stock is bullish and is consolidating at the lower level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 925, as the stock is sustaining above its 150 days moving averages. One may initiate the long position above the mentioned level for the targets of 1000.if it is likely to show correction with the breach of the support level of 800, where one may initiate the short position in it for the targets of 700

SENSEX & NIFTY HIT Target of 24500/7450 ,Heading Towards Final Mark of 25000/7600

Bumper rally continued for third consecutive session Thursday, taking the Nifty to one-month closing high on value buying post Union Budget. Today's rally could be on the back of hopes of NDA government getting some important bills (like GST) passed in parliament. Finally Sensex ended with a gain of 364 points at 24,607. The  Sensex opened at 24,387 touched an intra-day high of 24,641 and low of 24,383.The Nifty closed with a gain of 107 points at 7,476. The  Nifty opened at 7,430 hitting a high of 7,484 and low of 7,406.  After breaking past the 1-month supply zone of 7225-7250 on Wednesday, today's rally lifted the Nifty above its mid-point resistance of 7397 and also the 50DMA further strengthening the current upswing. Going ahead, we see Nifty attempting its immediate previous peak of 7600.”

WEEKLY UPDATE OF VOLTAS

LAST WEEKLY RECOMMENDATION:

VOLTAS IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FINAL TGT 240  MADE HIGH OF 245.00 BUY AT 225

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 48000 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

ZEEL ROCKSSSSSSSSSSSSSSS …!!!!!!!!!!!!

HIT FIRST TGT 400  MADE HIGH OF 400.65 BUY AT 395

LOT SIZE: 1300

WEEKLY TOTAL PROFIT: 13000 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

DAILY CHART FOR VOLTAS & ZEEL:

TECHNICAL ANALYSIS OF ZEEL 02 MARCH 2016

FUTURE TIP FOR 02 MARCH 2016

FUTURE:

"BUY ZEEL  ABOVE  395 TGT 400/410 "

"SELL ZEEL BELOW 390 TGT 385/380 "

DAILY CHART FOR ZEEL:

MARKET SUMMARY OF 01 MARCH 2016:

The Sensex and Nifty post biggest single-days in absolute terms in 7 days. Sensex surged over 777 points on Tuesday to log its biggest points-wise gains since May 2009.  The Sensex was up 777 points or 3.4 percent at 23779, and the Nifty up 235.25 points or 3.4 percent at 7222. About 2010 shares advanced, 587 shares declined, and 116 shares were unchanged. . About 2009 shares have advanced, 587 shares declined, and 117 shares are unchanged. ITC was up 10 percent while ICICI Bank, Maruti, Hero and Adani Ports were top gainers. ONGC, HUL and Dr Reddy's Labs were losers in the Sensex. The Indian stock market rallied on the back of firm global markets. 

MARKET SUMMARY OF 29 FEB 2016

After a volatile ride, the market has ended with  major loses. The Sensex ended down 152.30 points or 0.7 percent at 23002, and the Nifty slipped 42.70 points or 0.6 percent at 6987.05. About 1090 shares have advanced, 1390 shares declined, and 159 shares were unchanged. ONGC, BHEL, Maruti, Infosys and L&T were major losers while ICICI Bank, HDFC Bank, Reliance, SBI and Dr Reddy's Labs were major gainers in the Sensex. Arun Jaitley, while announcing Union Budget 2016, has tried to make provisions for all the stakeholders. While the focus remained largely on the farmers by providing norms that will give them double incomes by 2022, Budget has also focused on Make in India, Women employment, and medium to below poverty class people. Auto Industry did have its own share of ups and downs. Following is a brief description of important take always for the auto industry. It was also proposed to collect tax at source at the rate of 1% on purchase of luxury cars exceeding value of Rs. 10 lakh and purchase of goods and services in cash exceeding Rs. 2 lakh. This will lead to muted demand.

WEEKLY TECHNICAL ANALYSIS OF VOLTAS 29 FEB 2016

LAST RECOMMENDATION:

APOLLOTYRE IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FIRST TGT 154  MADE LOW OF 153.35 SELL AT 157

LOT SIZE: 3000

INTRADAY TOTAL PROFIT: 21900 IN JUST TWO LOT

FUTURE :

“BUY VOLTAS BELOW 225 TGT 230/240”

“SELL VOLTAS BELOW 217 TGT 214/205”

WEEKLY CHART FOR VOLTAS:

Primary trend of the stock is bullish and is consolidating at the lower level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 225, as the stock is sustaining above its 200  days moving averages. One may initiate the long position above the mentioned level for the targets of 240.if  it is likely to show correction with the breach of the support level of 217, where one may initiate the short position in it for the targets of 205.

TECHNICAL ANALYSIS OF APOLLOTYRE 25 FEB 2016

FUTURE TIP FOR 24 FEB 2016

FUTURE:

"BUY APOLLOTYRE  ABOVE 160 TGT 164/170 "

"SELL APOLLOTYRE BELOW 157 TGT 154/150 "

DAILY CHART FOR APOLLOTYRE:

MARKET SUMMARY OF 15 FEB 2016

Finally BSE Sensex ended with a loss of 113 points at 22,976. The BSE Sensex opened at 23,105, touched an intra-day high of 23,143 and low of 22,948.The NSE Nifty closed with a loss of 48 points at 6,971. The NSE Nifty opened at 7,030 hitting a high of 7,034 and low of 6,961.The Indian stock market fell for the third straight day after the Rail Budget 2016 failed to boost market sentiments. Selling pressure during F&O expiry saw the Nifty close at fresh 52-week low. The decline was led by the power, realty, capital goods, banking and utilities stocks. Even the mid-cap and small-cap stocks ended with losses. 

TOP GAINERS:

ONGC, SunPharma, HDFC, Idea Cellular.Coal India

TOP LOSERS:

Power Grid Corp, Yesbank, SBI,GAIL,ACC