Sensex slips 253 points ahead of US Fed meet, Nifty settles at 7,460

LAST RECOMMENDATION GIVEN ON 14 MARCH 2016:

ADANIPORTS IS ON FIREEEEEEEEE …!!!!!!!!!!!!

ALMOST HIT FIRST TGT 225  MADE LOW OF 226.80 SELL AT 230

LOT SIZE: 1600

DAILY TOTAL PROFIT: 10240 IN JUST TWO LOT

Sensex ended with a loss of 253 points at 24,551. The  Sensex opened at 24,832, touched an intra-day high of 24,841 and low of 24,517.The Nifty closed with a loss of 78 points at 7,461. The Nifty opened at 7,536 hitting a high of 7,545 and low of 7,453. The losses in pharma, FMCG, auto, IT and industrial counters weighed on the index. Buying activity is seen in banking, capital goods, realty, oil and gas,energy and metal sectors, while pharma, IT, FMCG, utilities, realty, consumer durables, telecom and power sectors showed weakness . Domestic equity indices BSE Sensex and NSE Nifty ended in red on Tuesday on account of profit-booking and weak Asian markets, even as retail inflation fell to a three-month low in February. Investors maintained a cautious approach ahead of the two-day meeting of the US Federal Reserve’s Federal Open Market Committee that begins on Tuesday.

TOP GAINERS:SBI, Bank of Baroda, PNB, Bosch, Tata Steel, Yes Bank and Bharti Airtel
TOP LOSERS:Lupin, HDFC, ZEEL, Dr.Reddy's and ITC.

Nifty ends above 7500 mark in choppy session

LAST RECOMMENDATION GIVEN ON 10 MARCH 2016:

GLENMARK IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FIRST TGT 840  MADE HIGH OF 842.30 BUY AT 830

FUTURE TIP FOR 11 MARCH 2016

FUTURE :

“BUY ADANIPORTS BELOW 235 TGT 240/248”

“SELL ADANIPORTS BELOW 230 TGT 225/215”

WEEKLY CHART FOR VOLTAS:

Sensex ended with a gain of 86 points at 24,804. The BSE Sensex opened at 24,802 touched an intra-day high of 24,961 and low of 24,734. The Nifty closed with a gain of 28 points at 7,539. The Nifty opened at 7,543 hitting a high of 7,584 and low of 7,515. Nifty turned choppy ahead of key events lined-up during the week. With the IIP and WPI numbers out of the way, CPI numbers will be keenly watched by RBI as it will provide comfort for further action on interest rate front. Going ahead, we see markets getting heavier at current levels, 7600 appear to be stiff resistance and lightening positions at current juncture would be the right approach. Rupee, oil and FII numbers will continue to influence the sentiment in the near term. Globally, statements by the US Fed and Japan’s Central Bank will be keenly awaited too. Investors seem to have lost faith in the ability of their Central Banks to revive economic growth.

TOP GAINERS:

ICICI BANK (3.3%), TATA MOTORS (3.3%), BHEL (2.7%), GAIL (1.5%), ONGC (0.9%)

TOP LOSERS:

COAL INDIA (6.6%), BAJAJ AUTO (0.9%), SUN PHARMA (0.5%), WIPRO (0.4%), BHARTI AIRTEL (0.4%)

WEEKLY UPDATE OF WOCKPHARMA

LAST WEEKLY RECOMMENDATION:

WOCKPHARMA IS ON FIREEEEEEEEE …!!!!!!!!!!!!

ALMOST HIT FINAL TGT 1000  MADE HIGH OF 993.85 BUY AT 920

LOT SIZE: 375

WEEKLY TOTAL PROFIT: 55300 IN JUST TWO LOT

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

WEEKLY CHART FOR WOCKPHARMA:

TECHNICAL ANALYSIS OF GLENMARK 11 MARCH 2016

FUTURE TIP FOR 11 MARCH 2016

FUTURE:

"BUY GLENMARK ABOVE  830 TGT 840/850 "

"SELL GLENMARK BELOW 818 TGT 810/790 "

DAILY CHART FOR GLENMARK:

MARKET SUMMARY OF 01 MARCH 2016:

BSE Sensex ended with a loss of 171 points at 24,623. The  Sensex opened at 24,815 touched an intra-day high of 24,817 and low of 24,471. The Nifty closed with a loss of 46 points at 7,486. The Nifty opened at 7,545 hitting a high of 7,547 and low of 7,447. With some choppiness, and the kind of intraday pullbacks we have had in the past couple of days, there is a good chance that we will see higher levels. Overall, even if the Nifty50 does not go higher immediately, we are looking at rallies that should see the index possibly heading towards 7,680-7,700 levels. The idea should be to trade on the long side and use any intraday decline to add to your long positions.
TOP GAINERS:

MARUTI SUZUKI (1.2%), TATA STEEL (1.2%), CIPLA (1.1%), ONGC (0.9%), NTPC (0.8%) 

TOP LOSERS:

INFOSYS (2.6%), BHEL (1.9%), RIL (1.8%), L&T (1.8%), TCS (1.6%) 

Late rally lifts Sensex 135 pts, Nifty above 7500

Sensex ended with a gain of 134 points at 24,794. The Sensex opened at 24,257 touched an intra-day high of 24,819 and low of 24,452.The Nifty closed with a gain of 47 points at 7,530. The  Nifty opened at 7,436 hitting a high of 7,539 and low of 7,424. Nifty closed unchanged at 7485. So tomorrow on upside first resistance is at 7540-70 level. Next resistance are at ,7592-97,7613-18,7654-59,7678-83,7725-30,7784-89. On downside first support is at 7461-56 level. Next support are at 7438-33,7399-94,7358-53,7318-13,7300-95. Market is now back in bull side and next resistance zone is at 7590-7610 level .So today for intraday on upside intra resistance are at 7590 and 7630 level .On downside be alert below 7395 and avoid all intraday longs below that level . The market gained strength in late trade that helped Nifty end above 7500 for first time since February 1, supported partially by positive European cues and crude oil gains. Oil, infra, select auto and banks stocks aided upside. Maruti Suzuki, L&T, ONGC, Infosys, Axis Bank and Asian Paints are among the gainers, whereas HDFC, ITC, Tata Steel, Sun Pharma, Adani Ports and Dr.Reddy's are losing sheen on BSE.

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.”