BUY SUNTV Above 450 TGT 455/460 SL 445
BUY BHEL Above 154 TGT 160/168 SL 150
BUY IDBI Above 80 TGT 83/88 SL 77
SELL YESBANK BELOW 1200 TGT 1190/1175 SL 1215
BUY FIEMIND Above 1100 TGT 1150/1200 SL 1075
Tuesday, September 13, 2016
Monday, September 12, 2016
TRADE IDEA ON SUNTV FUTURE FOR 14 SEP 2016
“SELL SUNTV BELOW 450 TGT 445/440”
SUNTV is
showing correction since past few days and also sustaining above lower trend
line support level 450. is forming a bearish after top gap down candlestick
pattern in short term charts, it is likely to show correction with the breach
of the support level of 450, where one may initiate the short position in it
for the targets of 440, while stop loss can be placed at 465. On the other side
,short term charts showing the
resistance level of 480.Breakout of its resistance level may show recovery in
it where traders can expect targets of 490 and 500 while major support of 1500 can
be placed as technical stop loss 460.
CANDLESTICK :BEARISH AFTER TOP GAP DOWN
The first
two white days and the gapping up third white day create a market with an
extended bullishness. The fourth day is a strong black day that shows that
there might be some weakness finally in the uptrend. The fifth day gaps down
and closes near its lows creating a strong black candlestick. It now appears
that the market overextended itself to the upside and a reversal of the prior
trend has begun.
NIFTY DROPS OVER 151 POINTS ON FED RATE HIKE
Sensex
ended with a loss of 444 points at 28,354. The Sensex opened at 28,481 touched
an intra-day high of 28,481.11 and low of 28,251.The Nifty closed with a
loss of 151 points at 8,716. The Nifty opened at 8,733 hitting a high of 8,747
and low of 8,699. Indian stocks witnessed a sharp plunge on Monday on weak global cues. Besides,
investors engaged in profit booking in the recent gainers at attractive and
higher valuations. Stock market will remain closed tomorrow on account of on
account of Bakri Id.
TOP GAINERS: Infosys, Delta Corp,
Balkrishna Industries, ICRA
TOP LOSERS: ICICI Bank, Tata
Motors, Axis Bank, Tata Steel , M&M
Friday, September 9, 2016
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 BankYESTERDAY’S WOCKPHARMA CALL UPDATE:
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Thursday, September 8, 2016
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:
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TOTAL
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Wednesday, September 7, 2016
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
Friday, September 2, 2016
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
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