YESTERDAY’S RECOMMENDATION UPDATE:

YESTERDAY'S LT ALMOST HIT TGT 1360 MADE HIGH OF 1357.45
DAILY PROFIT: 12450 IN JUST TWO LOT
Nifty reclaims 8,000 mark; ENDS BELOW 8050

The  Sensex ended with a gain of 406 points at 26,213. The Sensex opened at 25,815 touched an intra-day high of 26,249 and low of 25,803.The Nifty closed with a gain of 125 points at 8,033. The Nifty opened at 7,915 hitting a high of 8,045 and low of 7,904. The Indian stocks market rallied on Tuesday on account of buying of some blue-chip counters, which were heavily over-sold in last few trading sessions and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday. Technically, The support for the Nifty is 7897-7800-7777-7645 and the resistance to the up move is at 8024-8053-8079-8100-8150 levels.

TOP GAINERS:  Bosch, ITC, Tata Steel, Aurobindo Pharma, Hindalco, Adani Ports,

TOP LOSERS:  GAIL, Grasim, Kotak Mahindra Bank and IndusInd Bank

TRADE IDEA ON LT FUTURE FOR 27 DEC 2016

“BUY LT ABOVE 1345 TGT 1360/1370”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

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 1345 as the stock is managing to sustain above the level of 1350. One may get the targets of 1370,1400 in the stock with the stop loss of 1315.

Nifty below 7900; hit 7 month closing low

The  Sensex ended with a loss of 234 points at 25,807. The Sensex opened at 25,992 touched an intra-day high of 26,009 and low of 25,753.The  Nifty closed with a loss of 77 points at 7,908. The Nifty opened at 7,965 hitting a high of 7,970 and low of 7,893.The Indian equity market declined amid weak Asian trading on a day most major global markets are closed for a holiday. The stock market fell in early trade amid buzz over government imposing taxes on long-term capital gains from trading in shares. 

                                Technically, Indian Stock Market is still in negative zone. Market would still see sideways movement in a rangebound region due to lack of volumes on Christmas holidays. We are approaching F&O Expiry and hence some volatility would be seen in

WEEKLY TECHNICAL ANALYSIS OF MINDTREE FOR 26-30 DEC 2016

 “BUY MINDTREE ABOVE 520 TGT 530/545”

FOR MORE  CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the strong resistance level of 520, as the stock is sustaining above its 22&55 days moving averages. One may initiate the long position above the mentioned level for the targets of 530/545 and with the strict stop loss of 490.

Nifty To See Big Downfall, Hold Short Positions

Market ends marginally higher, Nifty fails to hold 8000.The Nifty closed slightly up at 7,985, after briefly recapturing the 8,000 level. The  Nifty opened at 7,973 hitting a high of 8,023 and low of 7,942.The  Sensex ended with a gain of 61 points at 26,041. The Sensex opened at 25,960 touched an intra-day high of 26,143 and low of 25,872.Technically, upside first intra resistance is at 8005-10 level. Next resistance are at 8032-37,8075-80,8124-29,8154-59On downside first support is at 7952-47 level. Next support are at 7926-21,7882-77,7834-29,7804-99,7742-38,7696-92. Market is slightly in bear zone and better wait till nifty make a close above 8280 level .So today for intraday on upside intra resistance are at 8010 and 8037 level and On downside be alert below 7947 and avoid all longs below that level as selling may intensify below that level.

TOP GAINERS:  Sun Pharma, Bajaj Auto, L&T, Grasim and HUL

TOP LOSERS:  Eicher Motors, Tata Power, HCL Tech and Tech Mahindra

MARKETS END AT LOWEST LEVEL SINCE NOVEMBER 24 ;SENSEX, NIFTY DROP 1%

The Sensex ended with a loss of 263 points at 25,980. The benchmark indices opened at 26,224, touched an intra-day high of 26,248 and low of 25,940.The Nifty was down 82 points and closed at 7,979. It opened at 8,044 points, hitting a high of 8,046 and low of 7,965. The Indian stock market plunged for the seventh straight day, with the benchmark breaking key support levels, as uncertainty over economic growth and corporate profits persisted. Investors will keep an eye on the two-day Goods & Services Tax Council meet which begins later in the day. The GST Council will discuss drafts of the model GST, integrated GST and states' compensation bills. Technically, Nifty closed on a negative note at 7980 level .On downside first support Positional support for NIFTY is 8037 and So on upside first  positional Resistance for NIFTY is 8135 8168 8178 8254 8268 8348 8442 8495 8536 .

Intraday Resistance: of NIFTY are 8093 ,8120 , 8196 , 8215
Intraday Support: of NIFTY are 8028 , 8001 , 7927 , 7908
Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis-The signal is SELL but NIFTY in oversold level.
TOP GAINERS:  Asian Paints, ITC, Tata Motors, Infratel, Eicher Motors and ACC

TOP LOSERS:  Hindalco, Adani Ports, ONGC, Tata Steel, Bharti Airtel, IndusInd Bank

NIFTY TOUCHES 1-MONTH LOW, SENSEX FALL CONTINUES

The Sensex ended with a loss of 66 points at 26242. The indices opened at 26368, touched an intra-day high of 26396 and low of 26213.The Nifty was down 21 points and closed at 8,061. It opened at 8,105 points, hitting a high of 8,112 and low of 8,053. Nifty opened above 8100 but was unable to sustain the same and lost momentum towards the end of trading hours. Sensex also closed in red and was down 0.25%.

                                                For Nifty, 8150 remains the important immediate resistance for the index, sustaining above which buying might have been seen, however, as the market reached the closing hours it lost the resistance and touched a 1-month low. Nifty closed on a negative note at 8082 level .So today on upside first intra resistance is at 8116-21 level. Next resistance are at 8145-50,8175-80,8212-17,8258-63,8275-80,8315-20.On downside first support is at 8048-43 level. Next support are at 8020-15,7990-85,7943-48,7908-03,7874-69,7854-49 level.

TOP GAINERS:  Ultratech Cement, Lupin, NTPC, Maruti, IndusInd Bank, Hindalco, ONGC

TOP LOSERS:  Infratel, Sun Pharma, ITC, Idea, Ambuja Cement, Zee, HCL Tech

TRADE IDEA ON YESBANK FUTURE FOR 21 DEC 2016

“BUY YESBANK ABOVE 1165 TGT 1175/1190”

“SELL YESBANK BELOW 1152 TGT 1142/1130”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bearish and It is expected to continue the down trend with the crossing of the support level of 1150, as the stock is sustaining below its 22&55 days moving averages. 1120 level act as a strong support on 200 EMA. One may initiate the long position only above the (1165) mentioned level for the targets of 1175/1190 and with the strict stop loss of 1150.

Nifty LOST 41 POINTS ;breaches 8100 mark

The Sensex lost 133 points or 0.5% at the day's low of 26,241 in mid-afternoon trade, its lowest level since 7 December 2016. It rose 60.86 points or 0.23% at the day's high of 26,435 in early trade. The Nifty lost 41 points or 0.51% at the day's low of 8,062  in mid-afternoon trade, its lowest level since 5 December 2016. It rose 19.75 points or 0.24% at the day's high of 8,124 in early trade. The Nifty breached the 8100 mark while the Sensex too traded in the negative zone for the fifth straight session as investors shied away from taking any big bets on rising geopolitical concerns dragging key benchmarks to their two-week lows. Nifty closed on a negative note at 8108 level .

                                          Technically So today on upside first intra resistance is at 8129-34

SENSEX ,NIFTY ENDS ON A LOW NOTE

The Sensex ended with a loss of 115 points at 26374. The indices opened at 26505, touched an intra-day high of 26505 and low of 26340.The Nifty was down 35 points and closed at 8,127. It opened at 8,132 points, hitting a high of 8,148 and low of 8,127. Sensex, Nifty traded in red throughout the day and ended on a weaker note than it opened. Nifty sectoral indices also ended in red while Nifty IT was in green and up very marginally by 0.01%. Also, the Sensex indices ended on a negative note after being marginally down.

200 DMA - STRONG HURDLE.

The indices thus continues to move in sideways consolidation mode with short term average of 20dma acting as a support and long term average of 200dma acting as a strong hurdle or resistance. The market is in midst of a Pull-back and the Pull-back will continue only if the indices manage to overcome the strong hurdle of 200dma. Nifty closed on a negative note at 8127 level .So today on upside first intra resistance is at 8167-72 level. Next resistance are at 8195, 8220, 8255. On downside first support is at 8111-06 level.Next support are at 8083,8057,8005

TOP GAINERS:  GAIL, Aurobindo Pharma, Tata Power, Cipla, Grasim, ICICI Bank, Lupin

TOP LOSERS:  Infratel, Asian Paints, Sun Pharma, Bosch, Adani Ports, Maruti, Ultratech

WEEKLY TECHNICAL ANALYSIS OF UPL FOR 19-23 DEC 2016

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YESTERDAY'S IGL HIT  TGT 915 MADE HIGH OF 920.80
DAILY PROFIT: 45760 IN JUST TWO LOT
“BUY UPL ABOVE 668 TGT 675/700”

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 670, as the stock is sustaining above its 22&55 ,200 days moving averages with the RSI 50. One may initiate the long position above the mentioned level for the targets of 675/700 and with the strict stop loss of 650.

Nifty end in red after trading in narrow range

The Sensex ended with a loss of 30 points at 26489. The indices opened at 26548, touched an intra-day high of 26594 and low of 26455.The Nifty was down 14 points and closed at 8,139. It opened at 8,178 points, hitting a high of 8,178.and low of 8,127. Technically,A strong break below 8150 will increase the downside pressure and drag it to 8000. Traders can go short on a break below 8150 with a stop-loss at 8250 for the target of 8100/8000.On the other hand, a decisive break above 8220 will ease the downside pressure and take the index futures higher to 8300 and 8400 thereafter.

TOP GAINERS:  Tata Motors, Zee, Bosch, Infosys, Infratel, TCS, Eicher Motors, Maruti, 

TOP LOSERS:   Hindalco, Ultratech Cement, Bharti Airtel, ONGC, BHEL, Grasim,