WEEKLY TECHNICAL ANALYSIS OF ARVIND FOR 16-20 JAN 2017

“BUY arvind ABOVE 375 TGT 388/395 SL 362”

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 375 as the stock is managing to sustain above the level of 375. One may get the targets of 388,395 in the stock with the stop loss of 392.22&55 and 200 EMA act as a support levels with RSI 60.

MARKETS FLAT, NIFTY STRUGGLES NEAR 8,400

Sensex opened the week at 26741, made a high of 27257, low of 26711 and closed the week at 27218. Thus it closed the week with a gain of 459 points. At the same time the Nifty opened the week at 8266, made a high of 8457, low of 8241 and closed the week at 8420. Thus it closed the week with a gain of 152 points. Technically,Nifty would see strong support at 8380-8355-8335-8300-8280/8250 whereas strong resistance would be seen at 8455-8478-8500-8525-8544-8600 levels.

TRADE IDEA ON INFY FUTURE FOR 13 JAN 2017

YESTERDAY’S RECOMMENDATION UPDATE:
As we have predicted tcs opened on higher note at 2436, then our call is executed later & achieved tgt 2355

“BUY INFY ABOVE 1008 TGT 1018/1030 SL 995”

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 1008 as the stock is managing to sustain above the level of 1000.200 EMA act as  resistance level at 1050. It may give breakout( 1050) in upcoming sessions. And 22&55 EMA act as support levels at 995,985.  As the stock is sustaining above its 22&55 days moving averages with the RSI 55. One may get the targets of 1030,1050 in the stock with the stop loss of 985.

Indices settled the day higher amid choppy trade led by gains in the IT index after Donald Trump did not announce any stringent rules for H1B visa. It was a third consecutive upbeat day for the Indian markets. After heightened volatility, Nifty closed moderately higher at crucial 8407. Technically, The outlook is bullish for the Nifty. Traders can make use of intra-day dips to buy the Nifty with a stop-loss at 8,250 levels. The contract can resume its up move and test resistance at 8,450 levels. An emphatic breakthrough of 8,450 can push the contract higher to 8,500 and then to 8,600 levels in the short term. On the other hand, a

TRADE IDEA ON TCS FUTURE FOR 12 JAN 2017

BUY TCS ABOVE 2330 TGT 2355/2395 SL 2300

SELL TCS BELOW 2280 TGT 2250/2230 SL 2310

After showing correction from the 200 EMA on daily chart, 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 2330 as the stock is managing to sustain above the level of 2330. One may get the targets of 2355,2395 in the stock with the stop loss of 2300. Tata Consultancy Services Ltd is currently trading at Rs 2320, up by Rs 10.85 or 0.5% from its previous closing of Rs 2309.15 on the NSE. The IT Company will announce its Q3 results on Jan 12, 2017. revenue may grow 1 percent to Rs 29,577 crore in Q3.

Market Still In Positive Momentum, Hold Long trade For Now   

Indian Stock Market would open positive. Technically, Market is still in positive zone and traders can hold long positions for now. Nifty is forming double bottom pattern and close above 8350 would confirm the pattern that would open Nifty target for 8500-8600 levels. BankNifty is also in positive momentum and may see targets of 19000 breaching soon. BankNifty close above 18800, its next target would open for 19000/19200 levels. Overall, traders should continue to hold long positions with strict stoploss of 8250 for Nifty and 18500 of BankNifty on closing basis.

         So on upside first intra resistance are at 8400,8425,8467,8499. On downside first support is at 8147 level.Next support are at 8250,8210,8155,8120.

TOP GAINERS:  Hindalco, Coal India and Bank of Baroda, IndusInd Bank

TOP LOSERS:  Bajaj Auto, HCL Tech, RIL and ITC 

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