MARKET IN POSITIVE ZONE, GO LONG AT DIPS WITH A STOP-LOSS AT 8,230

After a narrow sideways rangebound move on Monday, the Nifty seems to be gaining momentum slowly. Resistance at 8,300 is however restricting a further rise at the moment. A strong break above this hurdle is needed for the index futures to extend its upmove. Such a break can take the contract higher to 8,325 or even 8,360.Price action on the intraday chart suggests an absence of strong sellers below 8,250. This keeps the possibility open for a break and rise above 8,300 in the coming sessions. Short-term traders with high risk appetite can go long on dips near 8,260 with a stop-loss at 8,230 for the target of 8,315. Revise the stop-loss higher to 8,275 as soon as the contract moves up to 8,295.The outlook would turn negative only if the contract declines below 8,240. The next targets are 8,220 and 8,200. 
                                    Technically, Market is in positive zone and traders can go long at dips for now. Market would see sideways movement as of now. Upcoming week is full of events like results of IndusInd Bank, Infosys and TCS. Macro Economic data like November Factory Data and December Retail Inflation would also be disclosed this week.

                                     Nifty would see strong support at 8250-8220-8150-8100 whereas strong resistance would be seen at 8300-8322-8357-8399 levels.

TOP GAINERS:  Tata motors, Adani Ports, Tata Steel, Asian Paints, HDFC Bank,

TOP LOSERS:  Tech Mahindra, TCS, HCL Tech, Infratel, Infosys 

WEEKLY RECOMMENDATION UPDATE:

STAR HIT ALL HIT TGT 1150 MADE HIGH OF 1173.70

                                     

 BUY GIVEN AT 1100

LOT SIZE :500

TOTAL PROFIT : 50000 IN JUST 2 LOT

WEEKLY TECHNICAL ANALYSIS OF STAR FOR 09-13 JAN 2017

WEEKLY RECOMMENDATION UPDATE:
UPL HIT ALMOST ALL TGT 680 MADE HIGH OF 677 .50 GIVEN BUY AT 655

LOT SIZE :1200

TOTAL PROFIT : 54000 IN JUST 2 LOT

“BUY STAR ABOVE 1100 TGT 1125/1150 
SL 1070”

After showing correction from few sessions , now stock is trading in long 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 1110. One may get the targets of 1125,1150 in the stock with the stop loss of 1070. Healthcare company Strides Shasun   shares jumped more than 4 percent intraday Friday on acquisition of USFDA approved API (active pharmaceutical ingredients) facility in India.

go long at every dIP with  stop-loss at 8,250       

Technically, Traders can go long at every dip in the market with strict stoploss at 8250 levels on closing basis. Traders should note that this positive rally is for very short term but for now traders can go long at every dip in the market until market again see reversal. On the other hand, if the nifty reverses lower from 8,250 a corrective fall to 8,200 or 8,150 is

TRADE IDEA ON UPL FUTURE FOR 05 JAN 2017

“BUY UPL ABOVE 665 TGT 675/685 SL 650”

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 665 as the stock is managing to sustain above the level of 650. as the stock is sustaining above its 22&55 days moving averages with the RSI 55.One may get the targets of 680,700 in the stock with the stop loss of 650.

SENSEX FLAT;NIFTY FAILS TO CLOSE ABOVE 8200          

The Sensex and Nifty ended flat as positive sentiment from upbeat global economic data was offset by caution ahed of corporate results starting later this month and the government's annual budget in early February. Technically, After recording an intra-day high at 8,223, the contract began to experience selling pressure and turned volatile. It fell below the immediate support level of 8,200 and marked an intra-day low at 8,187 levels. The Nifty  is also volatile and is moving sideways. The advances/declines ratio is slightly biased towards advances.

                    Traders with a short-term perspective should tread with caution as long as the contract trades in the band between 8,190 and 8,220.A strong rally beyond 8,220 will strengthen the bullish momentum and push the contract higher to 8,240 and 8,250 levels. But a decisive fall below 8,190 can bring back selling pressure and pull the contract down to 8,175 and 8,150 levels in the near term.

SHORT NIFTY BELOW 8100;UNTIL THEN HOLD LONG POSITIONS

PREVIOUS RECOMMENDATION UPDATE:

zeel hit tgt 460 made high of 461.25 call given on 28 dec 2016

yesbank hit tgt 1165 made high of 1175 call given on 29 dec 2016

Sensex ended with a gain of 48 points at 26,643. It opened at 26,616, touched an intra-day high of 26,724 and low of 26,488.The Nifty closed with a gain of 13 points at 8,192. It opened at 8,196, hit a intraday high of 8,219 and low of 8,149. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8100 levels for Nifty and 17906 levels for BankNifty. Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8100 levels and BankNifty closes below 17906 levels, then market would see a sharp breakdown. So traders can hold long positions only till Nifty and BankNifty hold these levels by closing.

TOP GAINERS:  Power Grid, Coal India, BHEL, Yes Bank, Axis Bank, Zee, Gail,ICICI Bank 

TOP LOSERS:  Bharti Airtel, Idea Cellular, Hero MotoCorp, Tata Motors, UltraTech Cement 

TRADE IDEA ON TATACHEM FUTURE FOR 03 JAN 2017

BUY TATACHEM 513 TGT 520/526 SL 505

Sensex ended with a loss of 31 points at 26,595. The Sensex opened at 26,711 touched an intra-day high of 26,721 and low of 26,447.The Nifty closed with a loss of a mere six points at 8,180. The Nifty opened at 8,210 hitting a high of 8,212 and low of 8,134.          

Technically, The Nifty started the session on a positive note at 8,215 with a gap-up at the open. However, the contract started to decline, experiencing selling pressure. Asian markets are trading on a mixed note. The Nikkei 225 is down 30 points at 19,114 and the Hang Seng index is up 209 points at 22,000 levels. The Nifty 50 advances/declines ratio is biased towards advances. Traders with a short-term perspective should desist from trading as long as the contract trades in the band between 8,150 and 8,200. A strong break through 8,200 is required to bring back bullish momentum. In that case, traders can initiate fresh long positions with a fixed stop-loss of 8150.

            The next key resistances are at 8,225 and 8,240 levels. On the other hand, a decisive slump below 8,150 will strengthen the selling pressure and drag the contract down to 8,130 and then to 8,100 levels.

TOP GAINERS:  Ambuja Cement, UltraTech Cement, Tata Steel, M&M, Eicher Motors,

TOP LOSERS:  HDFC, Bank of Baroda, SBI, IndusInd Bank, ICICI Bank and Bajaj Auto 

WEEKLY TECHNICAL ANALYSIS OF UPL FOR 02-06 JAN 2017

“BUY UPL ABOVE 655 TGT 665/680 SL 640”

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 655 as the stock is managing to sustain above the level of 650. as the stock is sustaining above its 22&55 days moving averages with the RSI 50. "605" level act as a strong support on 200 EMA. One may get the targets of 680,700 in the stock with the stop loss of 640.

Markets end 2016 higher ;Nifty jumps to 8,186

Technically, Traders can go long at every dip in the market . Near-term outlook is bullish for the contract. Traders with a short-term perspective can make use of intra-day declines to initiate fresh long positions while maintaining a stop-loss at 8,150 levels. The contract can continue its up move and test resistance at 8,200. Strong rally beyond this level can take the contract higher to 8,250 and 8,330 levels. On the other hand, only an emphatic fall below the key support level of 8,100 will bring back selling pressure and drag the contract down to 8,075 and then to 8,000 levels. Next key supports below 8,150 are at 8,100 and 8,000 levels. And the resistance to the up move is at 8200-8250-8290-8330 levels.

TOP GAINERS:  Aurobindo Pharma, Bosch, GAIL, Sun Pharma, ITC, Power Grid

TOP LOSERS:  BPCL, Bajaj Auto, ONGC, Tata Steel, Dr. Reddy's, Tata Motors ,HDFC Bank

TRADE IDEA ON YESBANK FUTURE FOR 30 DEC 2016

“BUY YESBANK ABOVE 1140 TGT 1165/1180 SL 1110”

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 1140 as the stock is managing to sustain above the level of 1150. One may get the targets of 1165,1200 in the stock with the stop loss of 1110.

NIFTY SETTLES ABOVE 8,100, SENSEX GAINS 155 POINTS

The Sensex ended with a gain of 155 points at 26,366. The  Sensex opened at 26,429 touched an intra-day high of 26,430 and low of 26,168.The Nifty closed with a gain of 69 points at 8,104. The  Nifty opened at 8,031 hitting a high of 8,111 and low of 8,021. The Sensex and Nifty recovered from recent losses to close at their highest in more than one week on Thursday, after a volatile trading session ahead of the expiry of monthly derivative contracts.The Nifty started the December derivatives expiry session at 8,028 and recorded an intra-day low at 8,025 levels. Subsequently, witnessing buying interest, the contract entered the positive territory by breaching the immediate resistance at 8,031. The contract marked an intra-day high at 8,109.Conversely, the Nifty can bring back selling pressure on a strong slump below 8,025.                                                                          

           Technically,