LAST RECOMMENDATION UPDATE: GIVEN ON 23 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: YESBANK HIT FINAL TGT 1100  MADE A HIGH OF 1165.65

LOT SIZE: 700

DAILY TOTAL PROFIT: 24500 IN JUST TWO LOT

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DAILY CHART FOR YESBANK:

FUTURE:

“BUY LUPIN ABOVE 1500 TGT 1530/1560”

“SELL LUPIN BELOW 1470 TGT 1450/1430”

Sensex ended with a gain of 237 points at 27,002. The Sensex opened at 26,753 touched an intra-day high of 27,061 and low of 26,737. The Nifty closed with a gain of 67 points at 8,270. The Nifty opened at 8,201 hitting a high of 8,305 and low of 8,188. Markets witnessed rangebound trades in the past two days, however it shot up in the late trades today on the back of decrease in the selling pressure amid uncertainty regarding the mega Brexit referendum. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Now further movement would depend on Brexit polls result that would be disclosed today evening. Market would see gap positive or gap negative movement based on the polls results. 

TOP GAINERS: Tata Motors, DR.Reddy's SBI, Sun Pharma, ITC, Lupin, HDFC Bank 

TOP LOSERS: NTPC, Cipla, TCS, ONGC and RIL

TECHNICAL ANALYSIS OF YESBANK FOR 23 JUNE 2016

FUTURE:

“BUY YESBANK ABOVE 1082.50 TGT 1090/1100”

“SELL YESBANK BELOW 1070 TGT 1060/1050”

DAILY CHART FOR YESBANK:

Primary trend of the stock is bullish .It is expected to continue the bull run after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1082.50.as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 70. One may initiate the long position above the mentioned level for the targets of 1100 and with the strict stop loss of 1065. Today, Sensex ended at 26,766 down 47 points, while NSE Nifty ended lower by 16 points at 8,204.Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Analysis would still remain same. Market would consolidate in a rangebound region until Brexit event, Important Closing levels to watch out for Nifty is 8250 levels, closing  once Nifty above this level, it would be more positive biased and every downfall would be recovered with a positive rally. So for a Positive rally, Market needs to close above its immediate resistance of 8250 levels.

TECHNICAL ANALYSIS OF ARVIND FOR 22 JUNE 2016

FUTURE:

“BUY ARVIND ABOVE 330 TGT 336/345”

“SELL ARVIND BELOW 325 TGT 320/313”

DAILY CHART FOR ARVIND:

Primary trend of the stock is bullish .It is expected to continue the bull run after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 330.50.as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 66.30. One may initiate the long position above the mentioned level for the targets of 340 and with the strict stop loss of 320. Sensex ended with a loss of 54 points at 26,813. The Sensex opened at 26,907 touched an intra-day high of 26,926 and low of 26,755.The Nifty

TECHNICAL ANALYSIS OF RELCAPITAL FOR 21 JUNE

FUTURE:

“BUY RELCAPITAL ABOVE 405 TGT 410/420”

“SELL RELCAPITAL BELOW 390 TGT 385/375”

DAILY CHART FOR RELCAPITAL:

Sensex ended with a gain of 241 points at 26,867. The Sensex opened at 26,497 touched an intra-day high of 26,885 and low of 26,447.The Nifty closed with a gain of 68 points at 8,239. The Nifty opened at 8,116 hitting a high of 8,244 and low of 8,107.35. Stock market in India started off the week on a bright note despite Reserve Bank of India Governor Raghuram Rajan saying no to a second term. Indices which opened with a gap down, recovered all its losses and managed to close almost near day's high. Indian Stock Market was open Gap Negative. Technically, Indian Stock Market is still in positive trend but RBI Governor, Raghuram Rajan’s announcement on getting retired in September 2016 would force market to see a sharp downfall.

WEEKLY TECHNICAL ANALYSIS OF JUSTDIAL

LAST WEEKLY RECOMMENDATION:

IN BEARISH MOMENTUM: RELINFRA HIT TGT 525  MADE LOW OF 526.30

LOT SIZE: 1300

DAILY TOTAL PROFIT: 35620 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: ASIANPAINTS MADE HIGH OF 1015.95

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DAILY CHART FOR JUSTDIAL:

FUTURE:

“BUY JUSTDIAL ABOVE 660 TGT 670/685”

“SELL JUSTDIAL BELOW 640 TGT 630/615”

Sensex ended with a gain of 100 points at 26,626. The Sensex opened at 26,654 touched an intra-day high of 26,731 and low of 26,539.The Nifty closed with a gain of 29 points at 8,170. The Nifty opened at 8,177 hitting a high of 8,195 and low of 8,135. The Indian equity market closed with modest gains on Friday amid a choppy session. Indices managed to clock in

TECHNICAL ANALYSIS OF ASIANPAINT FOR 17 JUNE

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: RELCAPITAL HIT TGT 392 MADE LOW OF 389.25

LOT SIZE: 1100

DAILY TOTAL PROFIT: 14850 IN JUST TWO LOT

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FUTURE:

“BUY ASIANPAINT ABOVE 1010 TGT 1020/1030”

“SELL ASIANPAINT BELOW 995 TGT 985/970”

DAILY CHART FOR ASIANPAINT:

Sensex ended with a loss of 201 points at 26,525. The Sensex opened at 26,686 touched an intra-day high of 26,686.03 and low of 26,315.The Nifty closed with a loss of 66 points at 8,141. The Nifty opened at 8,181 hitting a high of 8,180.65 and low of 8,074. Indian Stock Market would open Negative. Technically, Indian Stock Market has entered into positive zone after a short correction which was predicted by EquityPandit couple of days back. Today, some more correction can be seen after the US FED Remarks but trade for now is to go long at dips. Now, 8300 is an important level for Nifty to look out for. It looks that the

TECHNICAL ANALYSIS OF RELCAPITAL FOR 15 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: ULTRACEMCO HIT TGT 3370 MADE HIGH OF 3384

IN BEARISH SIDE: ULTRACEMCO MADE LOW OF 3310

LOT SIZE: 200

DAILY TOTAL PROFIT: 19400 IN JUST TWO LOT

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FUTURE:

“BUY RELCAPITAL ABOVE 405 TGT 409/415”

“SELL RELCAPITAL BELOW 396 TGT 392/385”

DAILY CHART FOR RELCAPITAL:

The Sensex ended with a gain of 331 points at 26,726. The Sensex opened at 26,501 touched an intra-day high of 26,753 and low of 26,447.The  Nifty closed with a gain of 98 points at 8,206. The Nifty opened at 8,139.40 hitting a high of 8,213 and low of 8,123.Technically, Indian Stock Market would open gap up positive around strong resistance zone of 8150 level. If nifty would closed above 8250 spot level then nifty would see another 100-200 points on upside in a days to come. At this point we would recommend lightening your long positions.

TECHNICAL ANALYSIS OF ULTRACEMCO FOR 10 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: TITAN MADE A HIGH OF 368.50

LOT SIZE: 1500

DAILY TOTAL PROFIT: 10500 IN JUST TWO LOT

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FUTURE:

“BUY ULTRACEMCO ABOVE 3350 TGT 3370/3395”

“SELL ULTRACEMCO BELOW 3325 TGT 3305/3280”

DAILY CHART FOR ULTRACEMCO:

The Indian equity market ended on a flat note on Tuesday amid a volatile trading session. After opening with a positive bias.The  Sensex ended with a loss of mere one points at 26,396. The  Sensex opened at 26,482 touched an intra-day high of 26,485 and low of 26,265.The  Nifty closed with a loss of mere two points at 8,109. The  Nifty opened at 8,134 hitting a high of 8,135 and low of 8,070. markets remained in a small range through trading Tuesday, the high and low intraday were broadly 50 points away.