WEEKLY TECHNICAL ANALYSIS OF SRTRANSFIN FOR 30 MAY

LAST WEEKLY RECOMMENDATION:

IN BULLISH MOMENTUM: VOLTAS HIT TGT  335 MADE HIGH OF 344.10 BUY AT 325

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 61120 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 630 MADE LOW OF 620.90 SELL AT  640

LOT SIZE: 500

DAILY TOTAL PROFIT: 19100 IN JUST TWO LOT

LAST RECOMMENDATION:GIVEN ON 25 MAY 2016

IN BULLISH MOMENTUM: BHATIARTL HIT TGT 358 MADE HIGH OF 357.85 SELL AT  353

LOT SIZE: 1200

TOTAL PROFIT: 40050 IN JUST TWO LOT

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

DAILY CHART FOR VOLTAS & JUSTDIAL & BHARTIARTL:

 FUTURE :

“BUY SRTRANSFIN ABOVE 1205 TGT 1230/1260”

 “SELL SRTRANSFIN BELOW 1180 TGT 1160/1120

The stock is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1180, where one may initiate the short position in it for the targets of 1120, while stop loss can be placed at 1220.It may also After showing correction from the higher level, now stock 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 1205 as the stock is managing to sustain above the level of 1230. One may get the targets of 1260,1300 in the stock with the stop loss of 1275.

TOP GAINERS: SBI, BPCL, Sun Pharma, Bank of Baroda, Adani Ports, Ambuja Cement, RIL, Aurobindo Pharma and Bajaj-Auto 

TOP LOSERS: ONGC, Tata Power, Tech Mahindra, Axis Bank, Bharti Infratel, NTPC and Idea Cellular

TECHNICAL ANALYSIS OF JUSTDIAL FOR 27 MAY

FUTURE :

“BUY JUSTDIAL ABOVE 670 TGT 670/685”

 “SELL JUSTDIAL BELOW 640 TGT 630/615”

DAILY CHART FOR JUSTDIAL

Sensex ended with a gain of 486 points at 26,367. The Sensex opened at 26,008 touched an intra-day high of 26,399 and low of 25,941. Sensex galloped approximately 1,100 points in last 2 trading session. The Nifty closed with a gain of 145 points at 8,070. The Nifty opened at 7,974 hitting a high of 8,083 and low of 7,949. “Markets have displayed a spectacular rally with Nifty touching the high of CY 2016. We expect Nifty to trade between 8,350-8,500 levels in the next 1-2 months owing to 

couple of factors namely expectation of a above normal monsoon, better than expected corporate results in this quarter, stellar performance by L&T showing signs of a pick-up in the Indian economy, win of BJP in Assam which paves way for the GST passage and a exit poll in UK indicating that hopes of Britain exit from the Euro zone has dimmed.

TOP GAINERS: L&T, Adani Ports, BHEL, ONGC, Dr.Reddy's, SBI, M&M and GAIL

TOP LOSERS: Sun Pharma, HDFC, Tata Steel, HDFC Bank, NTPC and Asian Paints

TECHNICAL ANALYSIS OF BHARTIARTL FOR 26 MAY

FUTURE :

“BUY BHARTIARTL ABOVE 353 TGT 358/365”

 “SELL BHARTIARTL BELOW 347 TGT 341/335”

DAILY CHART FOR BHARTIARTL

The Nifty 50 futures contract has surged after opening with a huge gap-up. The downside pressure has eased Sensex ended with a gain of 576 points at 25,881. The  Sensex opened at 25,432 touched an intra-day high of 25,897 and low of 25,431.The Nifty closed with a gain of 186 points at 7,935. The  Nifty opened at 7,812 hitting a high of 7,938 and low of 7,809. If the Nifty is able to break above 7,900 - 8,000 levels on the back of string global and domestic triggers, the market rally will continue and can take the Nifty around 5% - 7% higher from here on. However, one still needs to remain cautious as all these events, including the progress of monsoon in June. Technically,

LAST RECOMMENDATION:GIVEN ON 23 MAY 2016

COLPAL ROCKSSSSSSS HIT TGT 840 MADE HIGH OF 542.45 BUY AT  820

CONCOR NOT EXICUTED YET

LOT SIZE: 500

TOTAL PROFIT: 20000 IN JUST TWO LOT

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INTRADAY CHART FOR COLPAL:

After opening on a flat note, indices were stuck in a range, Sensex ended with a gain of 75 points at 25,305. The Sensex opened at 25,519 touched an intra-day high of 25,340 and low of 25,181.The NSE Nifty closed with a gain of 28 points at 7,759. The Nifty opened at 7,738 hitting a high of 7,761 and low of 7,715. The Indian equity market ended near day’s high on Tuesday snapping a four day losing streak amid a highly lackluster day. The session was so dull that Nifty index was stuck in a mere 40 points range while  Sensex was trapped in a 160 points range.  The headline indices edged higher after well-received corporate results, including from Tata Power, offset lingering worries about rate hikes by the US Federal Reserve.

TOP GAINERS: Grasim, NTPC, ACC, Tata Motors, Tata Power, ICICI Bank, Ultratech Cement, Tata Steel and Asian Paints

TOP LOSERS: Aurobindo pharma, Idea, BPCL, Bajaj Auto, Sun Pharma and Bank Baroda

TECHNICAL ANALYSIS OF COLPAL & CONCOR

FUTURE :

“BUY COLPAL ABOVE 820 TGT 830/840”

 “BUY CONCOR ABOVE 1400 TGT 1420/1450”

DAILY CHART FOR CONCOR & COLPAL:

The Sensex ended with a loss of 72 points at 25,447. The Sensex opened at 25,519 touched an intra-day high of 25,519.26 and low of 25,208.The Nifty closed with a loss of 19 points at 7,731. The Nifty opened at 7,814 hitting a high of 7,821 and low of 7,722.The domestic equity market had a promising start on Tuesday and the benchmark indices showed strength through the first half of the session, but midway through the day, the indices gave up all the gains and slumped, ending the day deep in the red. Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Market may see some short-covering rally but it would capped at 7888 levels for Nifty. Every positive rally would still be considered as an opportunity for traders to go short in the market. Next support for Nifty would be 7695-7675 levels. Nifty if closes below 7715 levels, then we could witness further downfall in the market. Overall, trade is to go short at every positive rally in the market. Nifty would see strong support at 7715-7700-7675 whereas strong resistance would be seen at 7816-7830-7865-7888 levels. 

TOP GAINERS:ITC, Power Grid, Bharti Infratel, ACC, Tata Power, Ambuja Cement, Adani Ports, Bharti Airtel and Coal India

TOP LOSERS: Lupin, Tata Steel, ONGC, Cipla, Bank of Baroda, Aurobindo Pharma, TCS and SBI 

WEEKLY TECHNICAL ANALYSIS OF VOLTAS FOR 23 MAY

LAST WEEKLY RECOMMENDATION:

IN BULLISH MOMENTUM: AXISBANK HIT TGT  505 MADE HIGH OF 505.85

LOT SIZE: 1000

WEEKLY TOTAL PROFIT: 20000 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 680 MADE LOW OF 672 SELL AT  690

IN BULLISH MOMENTUM: JUSTDIAL HIT TGT 730 MADE HIGH OF 728.80 BUY AT 720

LOT SIZE: 500

DAILY TOTAL PROFIT: 26800 IN JUST TWO LOT

LAST RECOMMENDATION:GIVEN ON 17 MAY 2016

IN BEARISH MOMENTUM: MOTHERSUMI HIT TGT 270 MADE LOW OF 266.65 SELL AT  280

LOT SIZE: 1500

TOTAL PROFIT: 40050 IN JUST TWO LOT

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

DAILY CHART FOR AXISBANK & JUSTDIAL & MOTHERSUMI:

FUTURE :

“BUY VOLTAS ABOVE 325 TGT 335/350”

 “SELL VOLTAS BELOW 316 TGT 305/295”

Voltas   ' fourth quarter earnings surpassed, expectations on all parameters with profit profit rising 49.5 percent year-on-year to Rs 176.4 crore. Bottomline was also boosted by one-time gain of Rs 28 crore. "Total income from operations grew by 26.8 percent to Rs 1,888.7 crore in Q4 compared to Rs 1,490 crore in same period last fiscal due to improvement in order execution by projects businesses, both domestic and international," the engineering, air conditioning and refrigeration company in its filing. Operating profit (earnings before interest, tax, depreciation and amortisation) in Q4 increased 29.5 percent to Rs 185 crore and margin expanded by 20 basis points to 9.8 percent compared to year-ago period. After showing correction from the higher level, now stock 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 325 as the stock is managing to sustain above the level of 335. One may get the targets of 350. " U may still a buy Voltas with a stop loss say around Rs 338 for target of Rs 356."

TECHNICAL ANALYSIS OF JUSTDIAL FOR 19 MAY

CEATLTD IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BEARISH MOMENTUM: HIT TGT 975 MADE LOW OF 959.95 SELL AT 1004

LOT SIZE: 700                                                      

TOTAL PROFIT: 40600 IN JUST TWO LOT

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

FUTURE :

“BUY JUSTDIAL ABOVE 720 TGT 730/750”

 “SELL JUSTDIAL BELOW 690 TGT 680/650”

INTRADAY CHART FOR CEATLTD:

Just Dial's board meeting will be held on May 20, 2016, to consider the business as under to consider and approve the audited quarterly financial results of the Company for the quarter ended March 31, 2016, the audited financial results of the Company for the financial year ended March 31, 2016 " Just Dial   has had a huge pullback rally . So, go short with a stop loss of say around Rs 700-690 and I think that Rs 500 target should come in at some point. had a sharp rally. That may probably a bear market rally. Just Dial to my reckoning is in a bear market of its own. That downside is likely to resume and much lower levels are coming. So, even in this broadly choppy environment Just Dial is not just a short-term trade, it is also a positional short. You can keep it for some time.

• The Sensex ended with a loss of 305 points at 25,400. The  Sensex opened at 25,714 touched an intra-day high of 25,714.56 and low of 25,369. The Nifty closed with a loss of 87 points at 7,783. The  Nifty opened at 7,785 hitting a high of 7,876 and low of 7,775.
• A win for the BJP in Assam failed to lift market sentiments, weighed down by concerns of a near-term US interest rate hike.
• Asian equity markets ended mostly lower on Thursday, with risk sentiment hurt by falling commodity prices and a surging dollar, after the Federal Reserve’s April meeting minutes revealed ‘most’ members have a strong bias for raising rates as early as June, based on how the economy evolves.
• European market fell on Thursday, with weaker oil and metals prices putting pressure on commodity stocks. Possibility of an interest rate hike by the US Federal Reserve as early as June further dampened market sentiments.
• The rupee plummeted 23 paise against the US dollar to 67.20 in early trade on Thursday, its weakest level since March, due to appreciation of dollar amid foreign fund outflows.
• TOP GAINERS: Bharti Infratel, BPCL, Power Grid, Wipro, Zee Ent,Lupin, Tata Motors, TCS, 
• TOP LOSERS: Hero MotoCorp Adani Ports, SBI, Bank of Baroda, L&T, Eicher Motors and HDFC 

TECHNICAL ANALYSIS OF CEATLTD FOR 19 MAY

FUTURE :

“BUY CEATLTD ABOVE 1015 TGT 1025/1050”

 “SELL CEATLTD BELOW 1004 TGT 990/975”

DAILY CHART FOR CEATLTD:

Market to see Sharp Correction, Watch out 7780 or 7910 for further direction

CEATLTD  is a buy with a stop loss of Rs 1,000 for target of Rs 1,050/1075. Today, The Sensex ended with a loss of 69 points at 25,705. The Sensex opened at 25,671 touched an intra-day high of 25,747 and low of 25,503.The Nifty closed with a loss of 21 points at 7,870. The Nifty opened at 7,847 hitting a high of 7,882 and low of 7,811. Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone. Now, Nifty would see some sharp correction today. Nifty is moving in a rangebound region. Nifty needs to close above 7910 levels to see a breakout in days to come or else has to close below 7780 levels to see a breakdown. Breaching any of these levels by closing would force market to move sharply in that direction. Traders can buy near support and sell near resistance levels until any of these levels are not breached on closing basis. Nifty would see strong support at 7815-7780-7730-7715 whereas strong resistance would be seen at 7896-7926-7980 levels.

TOP GAINERS: ONGC, SBI, Adani Ports,  L&T, Dr.Reddy's and Lupin

TOP LOSERS: Maruti Suzuki, BHEL, Bajaj-Auto, Hero MotoCorp, Tata Motors and Asian Paints