WEEKLY TECHNICAL ANALYSIS OF MARUTI

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: STAR ROCKSS ALL HIT TGT 1100 MADE HIGH OF 1210

LOT SIZE: 500

DAILY TOTAL PROFIT: 35000 IN JUST TWO LOT

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DAILY CHART FOR STAR:

FUTURE:

“BUY MARUTI ABOVE 4200 TGT 4250/4350”

“SELL MARUTI BELOW 4140 TGT 4100/4050”

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 4200 as the stock is managing to sustain above the level of 4250. One may get the targets of 4300,4350 in the stock with the stop loss of 4140.

LAST RECOMMENDATION UPDATE: GIVEN ON 29 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: HEROMOTOCO ALL HIT  TGT 3195  MADE A HIGH OF 3225

LOT SIZE: 200

DAILY TOTAL PROFIT: 17200 IN JUST TWO LOT

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DAILY CHART FOR HEROMOTOCO:

Today, Sensex ended with a gain of 259 points at 27,000. The Sensex opened at 26,926 touched an intra-day high of 27,069 and low of 26,873.The Nifty closed with a gain of 84 points at 8,288. The Nifty opened at 8,260.25 hitting a high of 8,308 and low of 8,242. Total 33 stocks from BSE ‘A’ group hit their respective 52-week highs in intra-day trade. The list includes ITC, Grasim Industries, Hero MotoCorp, ACC, Biocon, Bharat Petroleum Corporation, NTPC, Aditya Birla Nuvo and Petronet LNG.

TOP GAINERS: Tata Motors, Axis Bank, ICICI Bank, Dr.Reddy's, Tata Steel, SBI ,NTPC

TOP LOSERS: HDFC Bank, Infosys and Sun Pharmaceuticals

TECHNICAL ANALYSIS OF HEROMOTOCO FOR 30 JUNE

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: CENTURYTEX HIT TGT 650  MADE A HIGH OF 654

LOT SIZE: 800

DAILY TOTAL PROFIT: 8000 IN JUST TWO LOT

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DAILY CHART FOR HEROMOTOCO:

FUTURE:

“BUY HEROMOTOCO ABOVE 3152 TGT 3175/3195”

“SELL HEROMOTOCO BELOW 3120 TGT 3100/2950”

Sensex ended with a gain of 215 points at 26,740. The  Sensex opened at 26,627 touched an intra-day high of 26,776 and low of 26,606.31.The Nifty closed with a gain of 76 points at 8,204. The Nifty opened at 8,173.10 hitting a high of 8,212.40 and low of 8,157. Participants are now keenly watching the rollovers to the next series ahead of the expiry of June F&O series due tomorrow, auto sales volume data for June and India Manufacturing PMI for June due on Friday

TOP GAINERS: Bosch, Hero MotCorp, NTPC, BHEL, Wipro, PowerGrid, GAIL, HCL

TOP LOSERS: Lupin, Coal India, ITC, Bank of Baroda, Bharti Airtel, Tata Motors DVR 

TECHNICAL ANALYSIS OF CENTURYTEX FOR 28 JUNE

FUTURE:

“BUY CENTURYTEX ABOVE 645 TGT 650/655”

“SELL CENTURYTEX BELOW 635 TGT 630/325”

DAILY CHART FOR CENTURYTEX:

Sensex ended with a gain of 122 points at 26,524.55. The BSE Sensex opened at 26,411 touched an intra-day high of 26,583 and low of 26,378.The Nifty closed with a gain of 33 points at 8,128. The Nifty opened at 8,096 hitting a high of 8,146 and low of 8,1087. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Market may see some positive reaction after a flat opening but it would be considered positive . BankNifty closes above 17560 levels and Nifty closes above 8120 levels. Market managed to close above 8120 levels for Nifty and 17560 levels for BankNifty then it would enter into positive zone and traders should take long positions home. Until then all positive rally is a shorting opportunity. Nifty would see strong support at 8030-8000-7980-7940-7900 whereas strong resistance would be seen at 8120-8145-8180-8240 levels. 

TOP GAINERS: Lupin, ITC, HUL, Bharti Airtel, Cipla, L&T, HDFC Bank ,Coal India 

TOP LOSERS: Tata Motors, Wipro, ICICI Bank, TCS, Tata Steel and Cipla 

TECHNICAL ANALYSIS OF BANKBARODA FOR 27 JUNE

FUTURE:

“BUY BANKBARODA ABOVE 155 TGT 157/158”

“SELL BANKBARODA BELOW 150 TGT 148/145”

DAILY CHART FOR BANKBARODA:

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 155 as the stock is managing to sustain above the level of 155. One may get the targets of 157,160 in the stock with the stop loss of 151. Today, Benchmark share indices ended flat, amid a volatile trading session, after weakness in IT exporters post Brexit capped further upsides. "Markets are likely to remain volatile within a range with support seen at 8,000 for the Nifty and strong resistance seen at 8,300.Sensex ended with a gain of mere five points at 26,403. The Sensex opened at 26,347 touched an intra-day high of 26,494 and low of 26,263.The Nifty closed with a gain of six points at 8,095. The Nifty opened at 8,039 hitting a high of 8,120 and low of 8,039.

TOP GAINERS: Bank of Baroda, UltraTech Cement, Aurobindo Pharma, Dr. Reddy's, Cipla

TOP LOSERS: TCS, Infosys, Zee Ent, IndusInd Bank, Asian Paints and Coal India 

WEEKLY TECHNICAL ANALYSIS OF STAR FOR 27 JUNE

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: LUPIN HIT TGT 1450 MADE  LOW OF 1435

LOT SIZE: 300

DAILY TOTAL PROFIT: 21000 IN JUST TWO LOT

LAST WEELY RECOMMENDATION:

IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 615 MADE LOW OF 582.70

IN BULLISH MOMENTUM: JUSTDIAL MADE HIGH OF 667.40

LOT SIZE: 500

DAILY TOTAL PROFIT: 32400 IN JUST TWO LOT

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FUTURE:

“BUY STAR ABOVE 1065 TGT 1078/1100”

“SELL STAR BELOW 1040 TGT 1020/1000”

DAILY CHART FOR STAR:

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 1065 as the stock is managing to sustain above the level of 1075. One may get the targets of 1100,1120 in the stock with the stop loss of 1040.Today,Sensex ended with a loss of 605 points at 26,398. The Sensex opened at 26,367 touched an intra-day high of 26,436 and low of 25,911.The Nifty closed with a loss of 182 points at 8,089. The Nifty opened at 8,029 hitting a high of 8,101 and low of 7,927.05.

TOP GAINERS: SBI, Cipla, Adani Ports, Bank of Baroda, Eicher Motors, ITC, Tata Motors 

TOP LOSERS: Tata Motors, Tata Motors DVR, Tata Steel, Hindalco, L&T, Tech Mahindra

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.