MARKET SNAPS 6-DAYS GAINING STREAK; NIFTY BELOW 8930

The nifty fell 42.8 points or fell 0.5 per cent to 8,896 and The sensex closed 80.09 points or 0.28 per cent lower at 28,812.after touching its highest since March 4, 2015 on Thursday. , retreating from a nearly two-year high hit last week and snapping six consecutive sessions of gains, as banks retreated after a recent rally. The Nifty is trading on a weak note. The NIFTY made an intraday high of 8,957, but has come off from there. 
                                           Technically, As long as the contract trades below 8,950, a dip to test the key support at 8,900 is possible. Whether the contract declines below 8,900 or reverses higher from there will then decide the next move.A strong break below 8,900 may bring in fresh selling pressure and drag the index futures lower to 8,860. On the other hand, if the contract manages to reverse higher from 8,900, a rise to 8,950 or even higher levels is possible in the coming sessions.

STOCK FUTURE TIP FOR WEEK 27 FEB-02 MAR

BUY KOTAKBANK AT 808 TGT 825/850 SL 785

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 808 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 70, one may expect the targets of 825/850 in the stock if it manages to sustain above the immediate support level of 785.

Nifty fails to settle Feb F&O series above 52-week high

Nifty has managed to reverse higher after falling sharply from its intraday high of 8,982 on Thursday. The contract opened with a slight gap-up and has risen further. However, it is still not gaining momentum to extend its rally strongly above 8,950.Key intraday support is in the 8,940-8,930 zone which can be tested if the index futures  fails to sustain above 8,950.A break below 8,930 looks less likely. A reversal from

STOCK FUTURE TRADING TIP FOR 23 FEB

BUY 2 LOT JUSTDIAL AT 525 TGT 535/550 SL 510

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 500 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 80, one may expect the targets of 535/550 in the stock if it manages to sustain above the immediate support level of 500.

NIFTY CLOSED AT HIGHEST LEVEL SINCE SEPTEMBER 2016

Sensex rallied as much as 140 points while the Nifty reclaimed its 8,900 levels for the first time since September 8, 2016. The Sensex settled the day at 28,761, up 100 points, while the Nifty ended at 8,908, up 29 points. Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into positive zone. Some profit booking can be seen due to F&O Expiry but every dip would be an opportunity for traders to go long in the market. Now, market is headed towards new 52 week highs. Traders should go long at every dip in the market until it holds 8770 levels for Nifty and 20456 levels for BankNifty. FIIs were net sellers of Rs.433.38 crores whereas DIIs were net buyers of Rs.827.90 crores in cash market for last trading session. Nifty would see strong support at 8825-8800-8780-8770 whereas strong resistance would be seen at 8925-8955-8970-9000 levels.

STOCK FUTURE TRADING TIP FOR 21 FEB

BUY 2 LOT WOCKPHARMA ABOVE 720 TGT 735/750 SL 700

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 700-730 ; as the stock is managing to trade above its 22 and 55 days moving averages with the RSI of 60, one may expect the targets of 750/800 in the stock if it manages to sustain above the immediate support level of 700. 200 EMA act as a resistance level of 825.

BREAKOUT NOT SIGNIFICANT

Sensex ended the day at 28,661, up 193 points, while the Nifty closed at 8,879, up 57 points. Before this, 8,896 – 8,969 would be seen as immediate levels for the forthcoming week. On the flip side, 8,783 – 8,712 is now likely to provide decent support in the near term.It was an interesting week where after consolidating for the first four days of the week, the indices managed a close above the trading range but the breakout took the form of a big black body candle with a big gap-up opening. Despite the big black body candle, there still remains a gap which implies that the breakout is not significant and as a result the trading range has now undergone an expansion on the higher side i.e. the range is 8700-8900 for the Nifty. One can thus expect the market to spend more time in consolidating before attempting a breakout.

STOCK FUTURE TIP FOR WEEK 20-23 FEB

WEEKLY RECOMMENDATION UPDATE:

INFY ROCKS HIT TGT 1000 MADE LOW OF 1012

 GIVEN BUY AT 968

TOTAL PROFIT: 22000 IN JUST 1 LOT

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

BUY ZEEL ABOVE 525 TGT 535/550 SL 500

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 530-32 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 62, one may expect the targets of 550 in the stock if it manages to sustain above the immediate support level of 500.

STOCK FUTURE TRADING TIP FOR 17 FEB

“BUY CEATLTD ABOVE 1135 TGT 1160/1185 SL 1100”

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 1135 as the stock is managing to sustain above the level of 1135. One may get the targets of 1160,1190 in the stock with the stop loss of 1100.

                       Primary trend of the stock is bullish and it may consolidating NEAR  the 1135  level.  as the stock is sustaining above its 200 days moving averages with 45 RSI. One may initiate the long position above the mentioned level .55&22 EMA act as resistance level at 1065,1185.

NIFTY settle the day higher;CLOSES ABOVE 8750

After a sharp fall on Wednesday, the Nifty has managed to bounce back today. Sensex is trading at 28302, up 146 points, while Nifty is trading at 8,777, up 52 points. The support at 8,730 has held very well. Also, there is a double-bottom bullish pattern on the intraday charts which increases the likelihood of the contract rising to 8,840 the upper end of the

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.