WEEKLY TIP OF MARUTI FOR 12 -16 SEP

“SELL MARUTI BELOW 5400 TGT 5300/5200”

CANDLESTICK : BEARISH HANGING MAN

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.

Nifty settles below 8,900 mark ,Some Sharp Correction To Be Seen 

Today, the Sensex ended with a loss of 248 points at 28,797. The BSE Sensex opened at 29,063 and touched an intra-day high of 29,062.90 and low of 28,755.The NSE Nifty closed with a loss of 86 points at 8,867. The NSE Nifty opened at 8,934 hitting a high of 8,939 and low of 8,859. The Indian equity market ended with losses on Friday. Weak global cues, profit booking and a weak rupee dampened the sentiment. Indian Stock Market was open neagtive. Technically, analysis would still remain same and Indian Stock Market is still in positive zone. Trade has to be on the positive side. Every dip in the market would be an opportunity for traders to go long. We may see further consolidation before Nifty breaches 9000 mark. Nifty would surely breach 9000 mark in day to come after some consolidation or correction but once it does so, we would see lifetime highs of 9119 breaching immediately and market would create new lifetime highs in that case.

TOP GAINERS: ONGC, GAIL, Wipro, TCS, RIL, HCL Tech, HDFC Bank  

TOP LOSERS:  Hindalco, Yes Bank, UltraTech Cement, Axis Bank

YESTERDAY’S WOCKPHARMA CALL UPDATE:

" WOCKPHARMA FUTURE CALL ROCKS....!!! 

HIT TGT 890MADE HIGH OF 893.45

TOTAL PROFIT 22140 IN JUST 2 LOT 

TO READ FULL REPORT CLICK ON 

https://beststockfuturecalls.blogspot.in/2016/09/technical-analysis-of-wockpharma-for-09.html

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TECHNICAL ANALYSIS OF WOCKPHARMA FOR 09 SEP 2016

“BUY WOCKPHARMA ABOVE 875 TGT 890/910”

WOCKPHARMA  is showing correction since past few sessions and also sustaining above lower trend line support level 850. Currently it has formed reversal pattern on the short term charts and trading above the resistance level of 850.Breakout of its resistance level show recovery in it where traders can expect targets of 890 and 910 while major support of 850 can be placed as technical stop loss.

NIFTY,SENSEX ENDS ABOVE 8,950,29000

Today, Sensex ended with a gain of 119 points at 29,045. The Sensex opened at 28,929 touched an intra-day high of 29,077 and low of 28,855.The Nifty closed with a gain of 35 points at 8,953. The Nifty opened at 8,916 hitting a high of 8,960 and low of 8,896. The Indian equity market opened in red on Thursday and erased early losses to end higher on Thursday after European stocks edged higher. The Sensex ended above 29,000 for the first time since April 13, 2015 while the Nifty Midcap index ended at record closing high. Now Technically, Indian Stock Market is in positive trend and Every correction would be an opportunity for traders to go long in the market. . Market would consolidate at this point of time and would see further correction before breaching psychological levels of 9000 for Nifty. This positive rally would last very long and as data suggest we could see new lifetime

LUPIN WEEKLY CALL UPDATE:

" lupin FUTURE CALL ROCKS....!!!!! 

HIT  ALL TGT 1580 made high of 1590

TOTAL PROFIT 24000 in just 2 lot 

TO READ FULL REPORT CLICK ON 

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TRADE IDEA ON JUBLFOOD FOR 07 SEP 2016

“BUY JUBLFOOD ABOVE 1100 TGT 1125/1145”

JUBLFOOD  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 1100 as the stock is managing to sustain above the level of 1100. One may get the targets of 1125,1145 in the stock with the stop loss of 1060.

CANDLESTICK PATTERN: bullish hammer

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.

Markets consolidate,Nifty end lower

Today, Sensex ended with a loss of 52 points at 28,926. The  Sensex opened at 29,036 touched an intra-day high of 29,068 and low of 28,911.The  Nifty closed with a loss of 25 points at 8,918. The Nifty opened at 8,969 hitting a high of 8,969 and low of 8,913. After strong rally in the previous two sessions, markets remained in consolidation mood on Wednesday and ended with marginal losses. 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 8890-9000 levels .overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market.

TOP GAINERS: BHEL, Bank of Baroda, ONGC, SBI, ICICI Bank, TATASTEEL

TOP LOSERS:  Yes Bank, GAIL, Tech Mahindra, hdfc, Kotak Mahindra Bank 

WEEKLY ANALYSIS OF LUPIN FOR 05-09 SEP

YESTERDAY'S ZEEL  HIT TGT 534 MADE LOW OF 532.50

LOT SIZE: 1300

DAILY TOTAL PROFIT: 15600 IN JUST TWO LOT

“BUY LUPIN ABOVE 1540 TGT 1560/1580”

“SELL LUPIN BELOW 1500 TGT 1480/1450”

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 1540 as the stock is managing to sustain above the level of 1550. One may get the targets of 1560,1580 in the stock with the stop loss of 1500.

CANDLESTICK PATTERN: BULLISH DOJI STAR

The market is in a downtrend and a strong black candlestick further confirms it. The next day opens lower with a gap down, and the trading is in a small range. The day closes at the opening price, causing the formation of a Doji. Bears were in control during the downtrend but now a change is implied by the appearance of a Doji Star, which shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for the continuation of a bear market.

Market Enters Into Bullish Trend, NIFTY ENDS ABOVE 8800 

Today, the  Sensex ended with a gain of 109 points at 28,532. The Sensex opened at 28,499 touched an intra-day high of 28,582 and low of 28,428.The  Nifty closed with a gain of 35 points at 8,810. The Nifty opened at 8,796 hitting a high of 8,824 and low of 8,768.Now Technically, Nifty has entered into bullish zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation. If  BankNifty breaches 20000 and nifty 8866 then it would seen at new high levels.

TOP GAINERS: Adani Ports, Bank of Baroda, Tata MotorsDVR, Maruti 

TOP LOSERS:  Coal India, RIL, ACC, Infosys, Zee, HUL, Bosch and Power Grid

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.