TECHNICAL ANALYSIS OF MARUTI FOR 10 JUNE

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: WOCKPHARMA HIT  945 TGT  MADE HIGH OF 941.70

LOT SIZE: 375

WEEKLY TOTAL PROFIT: 9975 IN JUST TWO LOT

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DAILY CHART FOR WOCKPHARMA:

FUTURE:

“BUY MARUTI ABOVE 4200 TGT 4225/4255”

“SELL MARUTI BELOW 4150 TGT 4120/4090”

Buy Maruti Suzuki on dips:

Maruti Suzuki   has been a stock which has given phenomenal returns to investors over the last 18 months. The point is should this dip be used as a buying opportunity. Primary trend of the stock is bullish and is consolidating at the higher level. It is expected to continue the bull run with the crossing of the resistance level of 4200, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 4250/4300.

TECHNICAL ANALYSIS OF WOCKPHARMA FOR 09 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: RELINFRA HIT  TGT 550 MADE HIGH OF 552.40

LOT SIZE: 1300

WEEKLY TOTAL PROFIT: 32240 IN JUST TWO LOT

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DAILY CHART FOR WOCKPHARMA:

FUTURE:

“BUY WOCKPHARMA ABOVE 970 TGT 980/1000”

“SELL WOCKPHARMA BELOW 955 TGT 945/920”

The Sensex ended with a gain of 11 points at 27,021. The Sensex opened at 27,085 touched an intra-day high of 27,105 and low of 26,973.The Nifty closed with a gain of mere seven points at 8,273. The Nifty opened at 8,286 hitting a high of 8,289 and low of 8,252. After opening on a flat note, indices were stuck in a narrow trading range throughout the day clocking in minuscule gains. warn markets will see periodic profit-taking, especially ahead of key events this month, including the US Federal Reserve policy meeting next week and Britain's June 23 referendum on whether to leave the European Union. The Sensex and Nifty ended flat as investors booked profits on recent outperformers, but defence stocks rose after the United States recognised the country as a “major defence partner” during Prime Minister Narendra Modi's ongoing US visit.

MAKE USE OF DIPS TO INITIATE FRESH LONG POSITION

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: YESBANK HIT TGT 1085 MADE HIGH OF 1082

LOT SIZE: 600

WEEKLY TOTAL PROFIT: 14400 IN JUST TWO LOT

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DAILY CHART FOR RELINFRA:

FUTURE:

“BUY RELINFRA ABOVE 540 TGT 550/565”

“SELL RELINFRA BELOW 520 TGT 510/495”

Sensex ended with a gain of 232 points at 27,010. The Sensex opened at 26,834 touched an intra-day high of 27,083 and low of 26,829.53.The Nifty closed with a gain of 65 points at 8,266. The Nifty opened at 8,236 hitting a high of 8,295 and low of 8,216. Technically, The Nifty futures started the session with a gap-up opening at 8,266. After some initial selling pressure, the contract found support at 8,230 and bounced back strongly. Markets took cues from the RBI's policy meeting in which it kept its policy rate unchanged at a five-year low of 6.5 per cent and started to trend upwards. With continued buying interest, the contract has surpassed key resistance at 8,300 and recorded an intra-day high at 8,313 levels. Short-term

NIFTY FAILS TO CLOSE ABOVE 8250,SLUGGISHNESS ON DAILY CHARTS

FUTURE:

“BUY YESBANK ABOVE 1070 TGT 1085/1100”

“SELL YESBANK BELOW 1042 TGT 1020/1005”

DAILY CHART FOR YESBANK:

Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Overall Market is positive and traders should book partial profits at higher levels and buy again at dips to gain higher profits as market would move positive in cycles. Nifty would see strong support at 8200-8165-8098 whereas strong resistance would be seen at 8272-8294-8332-8385 levels. After opening on flat note, indices were stuck in a narrow trading range throughout the day. Finally, the  Sensex ended with a loss of 66 points at 26,777. The  Sensex opened at 26,898 touched an intra-day high of 26,901 and low of 26,729.The Nifty closed with a loss of 20 points at 8,201.

WEEKLY TECHNICAL ANALYSIS OF LUPIN FOR 06 JUNE

LAST WEEKLY RECOMMENDATION:

IN BULLISH MOMENTUM: SRTRANSFIN HIT TGT  1230 MADE HIGH OF 1225

IN BEARISH MOMENTUM: SRTRANSFIN HIT TGT  1160 MADE LOW OF 1156

LOT SIZE: 600

WEEKLY TOTAL PROFIT: 48000 IN JUST TWO LOT

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DAILY CHART FOR SRTRANSFIN:

FUTURE:

“BUY LUPIN ABOVE 1510 TGT 1550/1580”

“SELL LUPIN BELOW 1450 TGT 1400/1380”

One can sell Lupin  with a target of Rs 1390 keeping a stop loss at Rs 1475, Lupin Ltd has informed BSE that the Allotment Committee of Directors at its meeting held on May 31, 2016 has allotted 57949 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company. In view of the above, the issued and paid up capital of the Company has been increased to Rs. 90,15,09,490 consisting 45,07,54,745 equity shares of Rs. 2/- each.Today,The Sensex ended with a loss of mere 0.11 points at 26,843. The Sensex opened at 26,919 touched an intra-day high of 27,008 and low of 26,817.The Nifty closed with a loss of mere two points at 8,221. The Nifty opened at 8,246 hit a high of 8,262 and low of 8,214.

TECHNICAL ANALYSIS OF YESBANK FOR 03 JUNE 2016

FUTURE:

“BUY YESBANK ABOVE 1055 TGT 1065/1080”

“SELL YESBANK BELOW 1040 TGT 1030/1010”

DAILY CHART FOR YESBANK :

Private sector Yes Bank   is likely to raise USD 1 billion from overseas investors in the current fiscal as it has recently got government approval for increasing foreign investment to 74 percent. The increase in limit will provide the bank with significant enhanced flexibility in global capital raising, said Kapoor who has been recently felicitated by the London Business School for his contribution to entrepreneurship and innovation. YES Bank after moving up for four-five days or so and especially testing certain critical levels, it tends to come and test its 13-day moving average (DMA). It shows that its intermediate uptrend continues, yet, for a day trader there is some trading opportunity and this time the trading

TECHNICAL ANALYSIS OF ACC FOR 02 JUNE 2016

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: JUSTDIAL HIT TGT 675 MADE HIGH OF 682.45

LOT SIZE: 500

DAILY TOTAL PROFIT: 15000 IN JUST TWO LOT

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DAILY CHART FOR ACC:

FUTURE:

“BUY ACC ABOVE 1561 TGT 1575/1595”

“SELL ACC BELOW 1540 TGT 1520/1500”

ACC   is a buying opportunity, but it is a swing trade. Do not overstay your welcome because the Nifty itself is giving us may be 100-150 points which by itself is not much on the upside. So, ACC is a buy, but it is a short-term buy." I have a sell call on  ACC  . It has reflected near-term weakness by giving a downward key reversal on daily chart. The mechanical indicators on the intraday charts are supporting the move, have signalled a sell indicating the stock intention to depreciate further from here. One can sell ACC at its closing of around Rs 1,532 with a stoploss of Rs 1,540 and a target of Rs 1,516.The Sensex ended with a gain of 47 points

JUSTDIAL CALL FOR 01 JUNE 2016

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: SKSMICRO HIT TGT 659 MADE HIGH OF 661.40

LOT SIZE: 1000

DAILY TOTAL PROFIT: 14000 IN JUST TWO LOT

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DAILY CHART FOR SKSMICRO:

FUTURE:

“BUY JUSTDIAL ABOVE 660 TGT 675/700 SL 645 ”

The Indian stock market opened on a firm note but unable to carry forward the momentum. Finally, the Sensex ended with a loss of 58 points at 26,668. The Sensex opened at 26,818 touched an intra-day high of 26,837 and low of 26,561.The Nifty closed with a loss of 18 points at 8,160. The Nifty opened at 8,210 hitting a high of 8,214 and low of 8,134. On the daily charts, both Sensex and Nifty have made a big white body candle which is completing Three White Soldiers. On the weekly charts, both the indices have formed a big Closing White body Marubuzo. Thusboth daily as well as weekly candlestick pattern suggest continuation of Bullishness in the near term.

TOP GAINERS: Tata Motors, Tata Steel, Maruti Suzuki, Tata Steel, BHEL, Bajaj-Auto and NTPC

TOP LOSERS: Sun Pharma, GAIL, TCS, ONGC, M&M, RIL and L&T