STOCK PICKS FOR 16 FEB 2017

SELL TATAMOTORS BELOW 440 TGT 430/425 

SL 450

The Nifty ended at their lowest in two weeks on Wednesday, with Tata Motors pulling the indexes down after posting disappointing results. The sensex fell 183.75 points or 0.65 per cent to 28,155, its lowest since February .The nifty fell 67.6 points or 0.77 per cent to 8,724, after falling as much as 0.9 per cent earlier in the session.

Initiate Shorts Nifty Closes Below 8730

Technically, Indian Stock Market is in positive zone but it is witnessing distribution pattern that means there is high chance of downfall at this point of time. Market has been consolidating for more than last 7 trading sessions and we are ready for a big move, now. We would see breakout if Nifty closes above 8830 levels whereas a sharp breakdown would be seen if it closes below 8730 levels. Traders should initiate fresh short positions if Nifty closes below 8730 levels or Bank Nifty closes below 20078 levels. The probability of downfall is getting higher due to overstretched market and we may see some reversal in upcoming days, if Nifty is not able to hold 8730 levels on closing basis. Until then traders can hold long positions.

STOCK FUTURE TIP FOR 13-17 FEB 2017

“BUY SUNTV ABOVE 730 TGT 760/780 SL 700”
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READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and is consolidating at the higher level . It is expected to continue the bull run with the crossing of the resistance level of 750, as the stock is sustaining above its 200 and 50&22 days moving averages. One may initiate the long position above the mentioned level for the targets of 780/800 and with the strict stop loss of 1300.

Markets settle the day flat; NIFTY ABOVE 8800

The Sensex and Nifty ended nearly flat for a second straight session amid weak global markets, while losses in auto stocks led by Tata Motors offset gains in energy and IT stocks. domestic sentiment turned weak as WPI inflation for January jumped to 5.25 per cent from 3.39 per cent in the previous month. The Sensex ended down by 12 points or 0.04 per cent at 28,339 and the Nifty closed down 12 points or 0.14 per cent at 8,792.30.

NIFTY ABOVE 8,800 AHEAD OF RETAIL INFLATION DATA

Market showed a range-bound movement with  positive bias as investors are awaiting CPI inflation data today. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not create much impact on RBI to change their current neutral stance. Focus will be on earnings and a revival in demand with realization growth.

                       The Nifty  has been struggling to extend its rally beyond 8,800 decisively over the last one week. The contract is facing strong resistance at 8,840. Broadly, the nifty seem to be range-bound between 8,730 and 8,840. Within this range there is a strong likelihood of it moving down towards 8,730 in the coming sessions. Traders with high risk appetite can go short at current levels. Stop-loss can be placed at 8,840 for the target of 8,745.A breakout on either side of 8,730 or 8,840 will decide the next leg of move for the contract.A fall below 8,730 can take it to 8,700 and 8,680. On the other hand, if the index futures manage to surpass 8,840 decisively, a rise to 8,865 and 8,900 is possible thereafter.

STOCK FUTURE TIP FOR WEEK 13-17 FEB

“BUY INFY ABOVE 968 TGT 1000/1020 SL 945”

READ MORE TO KNOW TECHNICAL BASIS :

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 972 as the stock is managing to sustain above the level of 950. One may get the targets of 1000,1020 in the stock with the stop loss of 945.

                       Primary trend of the stock is bullish and it may consolidating NEAR  the 740 higher level.  as the stock is sustaining above its 50&22 days moving averages with 55 RSI. One may initiate the long position above the mentioned level .200 EMA act as resistance level at 1030.

STOCK PICKS FOR 10 FEB 2017

“BUY UPL ABOVE 744 TGT 755/765 SL 730”

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and it may consolidating NEAR  the 740 higher level. It is expected to continue the bull run with the crossing of the resistance level of 751, as the stock is sustaining above its 200 and 50&22 days moving averages with 70 RSI. One may initiate the long position above the mentioned level for the targets of 770,800 and with the strict stop loss of 730.

Sensex settles flat, Nifty below 8,800

After a positive opening at 8,816, the Nifty futures contract marked an intra-day high at 8,843.8.However, after witnessing selling pressure and due to profit-taking in PSU Banks, the contract began declining. While trending down, nifty breached the key immediate supports at 8,800 and 8,750 and recorded an intra-day low of 8,733.But it rebounded from this low and is on a marginal recovery mode. The market breadth towards advance/decline ratio is even.

               Strong rally beyond 8,800 is needed to ease the selling pressure and bring back

YESTERDAY’S RECOMMENDATION UPDATE:

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RBI leaves key rates unchanged

Sensex settled the day at 28,289, down 45 points, while the Nifty ended at 8,769, up 1 point. Cut of 25 bps was widely expected and would have uplifted the sentiments. This rate cut was necessary from the perspective of bringing that demand back in the system. Markets would

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BUY BANKNIFTY ABOVE 20410 TGT 20550/20650 SL 20349

SELL BANKNIFTY BELOW 20349 TGT 20250/20150 SL 20410

Nifty was trading in negative territory for whole day and closed in red at 8768  levels, down by 32points or 0.37%. Sensex closed at 28335levels, down by 104points or 0.37%. Technically, Indian Stock Market is still in positive zone. Market would consolidate and wait for the next trigger i.e. RBI Policy meeting,  that would be disclosed tomorrow. Some Profit booking can’t be ruled out at this point of time. BankNifty is near its last resistance of 20575 levels and once it closes above those levels, there is no looking back as it would confirm an Inverse Head and Shoulder pattern that would force BankNifty to see lifetime highs and even breach those levels with sharp positive momentum. This trigger would be seen if RBI see rate cut tomorrow. Overall, market is positive and traders should continue to hold long positions for now.. The support for the Nifty is 8765-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.The support for BankNifty is at 20330-20285-20165-20130 and the resistance to the up move is at 20576-20610-20780-20900 levels.

RBI POLICY MEETING

Expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April.RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation

NIFTY CLOSES ABOVE 8800 AT 5 MONTHS' HIGH

weekly UPL SELL call HIT TGT 720 MADE LOW OF 720.30!!!

Indian Stock Market would open positive. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Traders should hold long positions as of now. Now, next target for Nifty is 8840-8860 levels. Nifty may see strong support at 8700 levels and is headed towards 8900-9000 levels. BankNifty is still in positive momentum and traders can hold BankNifty for the targets of 20500 levels in days to come. Market would see reversal if it closes below 8640 for Nifty and 19827 for BankNifty, until then every downtrend is an opportunity for traders to go long in the market. Overall, Market is positive and all trades should be in positive direction. RBI Policy would be disclosed on Wednesday that would further direct the market.
The support for the Nifty is 8697-8675-8615-8600-8570 and the resistance to the up move is at 8820-8840-8855-8885 levels.