ZEEL FUTURE TIPS FOR 02 SEP 2016

 “SELL ZEEL BELOW 540 TGT 534/528”

ZEEL  Primary trend of the stock is bullish and is consolidating at the higher level. It is also sustaining above its 50 and 200 DMA with the RSI of 70 on long term charts. Now RSI also gives selling signals. and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 540, where one may initiate the short position in it for the targets of 534/528, while stop loss can be placed at 547. . It is expected to continue the bull run with the crossing of the resistance level of 547, One may initiate the long position above the mentioned level for the targets of 552/560 and with the strict stop loss of 540.

CANDLESTICK PATTERN:

The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.

MARKETS SNAPPED THREE DAY WINNING STREAK, NIFTY CLOSED ABOVE 8,800 MARK 

Today, Sensex ended with a loss of 29 points at 28,423. The Sensex opened at 28,459 touched an intra-day high of 28,548 and low of 28,387.The  Nifty closed with a loss of 12 points at 8,775. The  Nifty opened at 8,794 hitting a high of 8,813 and low of 8,760.Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8867-8888 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8900-8950-9000

TRADE IDEA ON LT FUTURE FOR 01 SEP 2016

 “BUY LT ABOVE 1525 TGT 1545/1565”

LT  is showing correction since past few sessions and also sustaining above lower trend line support level 1420. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 1525.Breakout of its resistance level may show recovery in it where traders can expect targets of 1545 and 1565 while major support of 1500 can be placed as technical stop loss.

CANDLESTICK view: bullish after bottom gap up

The first two black days and the gapping down third black day create a market with an extended downtrend. The fourth day is a strong white day that shows there might finally be some weakness in the decline. The fifth day gaps up and closes near its highs creating a strong white candlestick. It now appears that the market overextended itself to the downside and a reversal of the prior trend has begun.

Nifty settles above 8,750 mark ,Market Enters Into Bullish Trend, Go Long At Every Dip In The Market

Today, The  Sensex ended with a gain of 109 points at 28,452. The  Sensex opened at 28,372 touched an intra-day high of 28,532 and low of 28,363.The  Nifty closed with a gain of 42 points at 8,786. The  Nifty opened at 8,754 hitting a high of 8,819 and low of 8,754.Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8867-8888 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8900-8950-9000 levels and BankNifty would see levels of 19800-20000 levels after some consolidation.

MARUTI WEEKLY CALL UPDATE

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HIT FINAL TGT 5060 

TOTAL PROFIT 13500 

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STAR  ALMOST HIT FIRST TGT 965 MADE HIGH OF 964

LOT SIZE: 500

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STAR FUTURE TIP FOR 30 AUG 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 25 AUG

JUST DIAL ALMOST HIT FIRST TGT 515 MADE HIGH OF 514.80

LOT SIZE: 800

DAILY TOTAL PROFIT: 23680 IN JUST TWO LOT

 “BUY STAR ABOVE 950 TGT 965/980”

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 950 as the stock is managing to sustain above the level of 950. One may get the targets of 965,990 in the stock with the stop loss of 920.

CANDLESTICK PATTERN:

In daily chart star The Bullish Hammer appears in a downtrend and it sells off sharply following the market open. After the decline ceases, the market almost returns to the high of the day. Apparently the market fails to continue on the selling side. This observation reduces the previous bearish sentiment causing short traders to feel increasingly uneasy with their bearish positions. If the body of the Hammer is white, then the situation looks even better for the bulls.

Nifty eNDS higher settles above 8,600 mark

Now Technically, Indian Stock Market is in negative trend and traders should go short at every positive rally in the market. Traders can hold short positions in market for now and can take short positions home confidently, if BankNifty closes below 19166 levels. BankNifty has consolidated earlier in the range of 19000-19100, so it would consolidate again in that range. Once this range is breached on negative side, BankNifty may see downfall upto 18500-18600 levels easily. Traders can hold short positions with Strict stoploss of 8702 levels for Nifty and 19500 levels for BankNifty. Today, the Sensex ended with a gain of 120 points at 27,782. The Sensex opened at 27,827 touched an intra-day high of 27,953 and low of 27,699. The Nifty closed with a gain of 35 points at 8,607. The Nifty opened at 8,584 hitting a high of 8,622 and low of 8,544.

TOP GAINERS: Tata Motors, Hero MotoCorp, RIL, L&T, Bharti Airtel 

TOP LOSERS:  Wipro, TCS, Lupin, HDFC Bank and Asian Paints

WEEKLY ANALYSIS OF MARUTI FOR 29 AUG-02 SEP

“BUY MARUTI ABOVE 5000 TGT 5030/5060” 

“SELL MARUTI BELOW 4800 TGT 4770/4730”

DAILY CHART FOR MARUTI:

Technical Basis of above calls
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 5000 ; 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 5030  in the stock if it manages to sustain above the immediate support level of 5000. 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 4800, where one may initiate the short position in it for the targets of 4770, while stop loss can be placed at 5000.

Nifty Short Only If  Breaches 8550 Levels

Today, Sensex ended with a loss of 54 points at 27,782. The Sensex opened at 27,883 touched an intra-day high of 27,936 and low of 27,697.The Nifty closed with a loss of 20 points at 8,573. The Nifty opened at 8,614 hitting a high of 8,624 and low of 8,547.Now Technically, Nifty has entered into negative zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation as yesterday fall can be an effect of F&O Expiry as well. If  BankNifty breaches 19211 then it would also enter into negative zone and traders can initiate fresh short positions in Nifty or BankNifty. Now Nifty would again come in positive zone only once it closes above 8702 levels which is far as of now.. But traders should initiate any short positions only after confirmation of the trend that would be confirmed if BankNifty closes below 19211 levels.

BUY JUSTDIAL TIP FOR 26 AUG 2016

YESTERDAY'S ZEEL HIT FIRST TGT 510!!!
“BUY JUSTDIAL ABOVE 500 TGT 515/535”

JUSTDIAL  , Trading idea is buy on JUSTDIAL ; 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 500 as the stock is managing to sustain above the level of 500. One may get the targets of 530,540  in the stock with the stop loss of 475.

F&O Expiry Today, Hold Long Positions Only if Nifty Closes Above 8597 Level

The market is absolutely flat with Sensex is up 11.44 points at 28071.38, and the Nifty is 8.65 points at 8658.95. Today is F&O Expiry for the month and huge volatility would be seen. Technically, Indian Stock Market is in positive trend. Analysis would still remain same. Market would still be considered positive until BankNifty holds 19211 on Intraday basis and 19166 on closing basis for spot levels. BankNifty would see sharp breakout if it breaches 19500 levels, Until then market would continue to sideways movement between  support and resistance levels. Traders can hold long positions in BankNifty and Nifty until it holds 19166 levels for BankNifty and 8597 for Nifty on closing basis. Breaching these levels would force market to see a sharp downfall in days to come and traders can initiate fresh short positions in that case.

TOP GAINERS: Cipla, Axis Bank, Bajaj Auto, ITC, TCS, Lupin, Hero MotoCorp

TOP LOSERS:  Wipro, Infosys, Adani Ports, Bharti Airtel, NTPC and HDFC

ZEEL FUTURE TIPS FOR 25 AUG 2016

“BUY ZEEL ABOVE 525 TGT 530/545”

“SELL ZEEL BELOW 515 TGT 510/500”

ZEEL  , Trading idea is buy on Zee Entertainment ; this stock is continuously holding the gains. Rollovers are comparatively better, if I look at 4-5 series, it is continuously making higher top higher bottom. Recently, it made bottom near to Rs 497-500 zone and surpassed the previous hurdle of Rs 518 level. So, here I am expecting positive move. The stock has support near to Rs 511 one can follow the same as a stop loss level for the targets towards Rs 540,545. It is looks quite strong. The stock has been holding the gains above Rs. 511 zone. the last couple of months which also indicates that longs are rolling their positions. The stock has potential to hit towards new high territory towards Rs 520-525 levels. So, one can buy 510 Call keeping the stop loss of Rs 2 for target of Rs 12.The crossing of the resistance level 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.

Nifty eNDS higher ahead Yellen's speech, MARKET EYEING derivatives expiry

Markets  swung between gains & losses and finished the session on a marginally higher note amid choppy session as investors turned cautious ahead of August F&O expiry and signals on key policy rates from US Federal Reserve Chair Janet Yellen at a meeting scheduled this week. Sensex ended with a gain of 70 points at 28,060. The Sensex opened at 28,065 touched an intra-day high of 28,108 and low of 27,960.The Nifty closed with a gain of 18 points at 8,650.30 The Nifty opened at 8,648.50 hitting a high of 8,661 and low of 8,621.

RANGE BREAKOUT IN COMING WEEK

Both Sensex and Nifty continued to trade in a very tight range but the broader market outperformed both these indices handsomely. In fact, the Mid-Cap index broke out of the trading range and is progressing upwards. The Nifty on the other hand has been in a small

TRADE IDEA ON POWERGRID FUTURE FOR 24 JUNE 2016

YESTERDAY’S BIOCON NEARLY TOUCHED FIRST TGT MADE HIGH OF 897

 “BUY POWERGRID ABOVE 184 TGT 186/188”

“SELL POWERGRID BELOW 180 TGT 178/175”

POWERGRID is likely to continue the upside move in near term with the crossing of the resistance level of 185.50, now the stock is accumulating below the resistance mark of 183.50, with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 65. One may initiate the long position above the mentioned level for the targets of 188. Breakout of its resistance level may show recovery in it where traders can expect targets of 185 and 188 while major support of 180 can be placed as technical stop loss.

Hold Long Positions In Nifty UNTIL IT HOLD 8595

Today, Sensex ended with a gain of mere five points at 27,990. The Sensex opened at 28,013 touched an intra-day high of 28,029 and low of 27,854.The Nifty closed with a gain of three points at 8,632. The Nifty opened at 8,628 hitting a high of 8,639 and low of 8,580.. Technically,  Indian Stock Market is in positive trend. Now BankNifty needs to hold 19211 levels on Intraday basis and 19166 on closing basis. If BankNifty closes below 19166 levels then a sharp breakdown would be seen in the market. Until then traders can hold long