TECHNICAL ANALYSIS OF HDFCBANK FOR 21 JULY 2016

“BUY HDFCBANK ABOVE 1240 TGT 1260/1270”

“SELL HDFCBANK BELOW 1230 TGT 1210/1200”

DAILY CHART FOR HDFCBANK:

Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 1240, 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 1270 and with the strict stop loss of 1230. It is also forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1230, where one may initiate the short position in it for the targets of 1200, while stop loss can be placed at 1260.

The Indian stock market rallied for the second consecutive session on Wednesday.

NIFTY CLOSED WITH A GAIN OF 20 POINTS, WIPRO Q1 PAT STANDS AT RS.2052 CRORE

Wipro, one of the largest IT firms, announced its financial results for the quarter ended June 30, 2016 on July 19.The consolidated Profit after tax (PAT) of the company stood at Rs. 2052 crore in Q1 FY17 as compared with Rs.2238 crore in Q4 FY16.Wipro registered consolidated net revenue of Rs.13,697 crore as against Rs.13,741 crore qoq.

                               Sensex ended with a gain of 41 points at 27,788. The Sensex opened at 27,790 touched an intra-day high of 27,826.69 and low of 27,638.The Nifty closed with a gain of 20 points at 8,529. The Nifty opened at 8,514.30 hitting a high of 8,540 and low of 8,477. The Indian equity market ended with smart gains amid a highly volatile session. After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, a sudden bout of buying in the oil and gas, energy, pharma, IT, metals stocks lifted the benchmarks. On the other hand, FMCG, consumer durables, banking and realty stocks were under pressure. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Now, 8480 would act as reversal levels for Nifty, closing below which Nifty would enter into negative zone.

TECHNICAL ANALYSIS OF WIPRO FOR 19 JULY 2016

Today, Sensex ended with a loss of 90 points at 27,747. The Sensex opened at 27,920 touched an intra-day high of 28,014 and low of 27,697.69.The Nifty closed with a loss of 33 points at 8,509. The Nifty opened at 8,564 hitting a high of 8,587.10 and low of 8,494.35. Equity benchmarks wiped out all gains in last hour of trade with the Nifty falling below 8500 level intraday Monday after rallying 2.6 percent in the previous week. However, the market started off trade on a positive note following Reliance's Q1 results and firm Asian peers. Oil, infra, telecom and select banking & financials dragged the market.

“BUY WIPRO ABOVE 555 TGT 565/580”

“SELL WIPRO BELOW 548 TGT 540/530”

The stock is in bear side and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the resistance  level of 555, where one may initiate the long position in it for the targets of 570, while stop loss can be placed at 445. one may initiate the short position also if it is likely to show correction with the breach of the support level of 548 in it for the targets of 535, while stop loss can be placed at 560.

DAILY CHART FOR WIPRO:

WEEKLY TECHNICAL ANALYSIS OF MARUTI FOR 18 JULY

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: ZEEL ALMOST HIT TGT 472 MADE HIGH OF 471.45

LOT SIZE: 300

DAILY TOTAL PROFIT: 21000 IN JUST TWO LOT

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: YESBANK HIT ALL TGT 1145 MADE HIGH OF 1183.45

LOT SIZE: 700

DAILY TOTAL PROFIT: 28000 IN JUST TWO LOT

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“BUY MARUTI ABOVE 4500 TGT 4525/4550”

“SELL MARUTI BELOW 4420 TGT 4390/4350”

DAILY CHART FOR MARUTI:

Primary trend of the stock is bullish and 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 4500 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 1520  in the stock if it manages to sustain above the immediate support level of 4400. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 4420, where one may initiate the short position in it for the targets of 4300, while stop loss can be placed at 4500.Today,Sensex ended with a loss of 106 points at

TECHNICAL ANALYSIS OF ZEEL FOR 15 JULY 2016

 “BUY ZEEL ABOVE 466 TGT 472/480”

“SELL ZEEL BELOW 460 TGT 455/450”

DAILY CHART FOR ZEEL:

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 470 as the stock is managing to sustain above the level of 470. One may get the targets of 480,490 in the stock with the stop loss of 450.

Markets gathered pace in late trades further, the Narendra Modi government on Thursday reached out to the principal opposition party Congress over the contentious issue of Goods and Service Tax Bill.  the progress of the monsoon also aided sentiment. The Indian stock market ended with smart gains on Thursday tracking firm cues across the Asian and the European markets. Nifty reclaimed 8,550 for the first time since August 11, 2015 as

TECHNICAL ANALYSIS OF INFY FOR 14 JULY 2016

“BUY INFY ABOVE 1200 TGT 1230/1260”

“SELL INFY BELOW 1170 TGT 1150/1130”

DAILY CHART FOR INFY:

Primary trend of the INFY is bullish and 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 1200 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 52, one may expect the targets of 1230 in the stock if it manages to sustain above the immediate support level of 1200.Today,Sensex ended with gains of seven points at 27,815. The Sensex opened at 27,912 touched an intra-day high of 27,929 and low of 27,752.The Nifty closed with a loss of mere two points at 8,520. The Nifty opened at 8,540 hitting a high of 8,550 and low of 8,494.

NIFTY TOPS 8,500 TO ENDS AT FRESH 11-MONTH CLOSING HIGH

Markets extended gains on Tuesday with the benchmark Nifty surpassing the 8,500 mark to end at its highest closing level since August 2015. Stock market rallied ahead of IIP and inflation data to be released later in the day. After opening on a flat note indices remained under pressure and slipped lower in the first half. a sudden bout of buying in the metals, realty and banking stocks lifted the benchmarks to end at day's high. Even the Nifty Mid-Cap index closed at an all-time high  "The gains have been in tandem with a rally in global stocks and expectations of easy monetary policies by global central banks. Further, expectations of a reasonable first quarter earnings has also boosted sentiment. Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Market would see further positive movement. Traders should continue to hold long positions in Nifty and BankNifty. BankNifty would outperform Nifty in days to come.

DAILY TECHNICAL ANALYSIS OF MARUTI FOR 12 JULY

“BUY MARUTI ABOVE 4300 TGT 4315/4325”

“SELL MARUTI BELOW 4260 TGT 4240/4210”

DAILY CHART FOR MARUTI:

Primary trend of the MARUTI is bullish and 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 4300 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 66.65, one may expect the targets of 4325 in the stock if it manages to sustain above the immediate support level of 8260.Today,Sensex ended with a gain of 500 points at 26,627. The Sensex opened at 26,358 touched an intra-day high of 26,647 and low of 26,358.23.The Nifty closed