YESTERDAY’S RECOMMENDATION UPDATE:

ioc move on our words ACHIEVED TGT 439

 TOTAL PROFIT: 19200 IN JUST 2 LOT

EVENT: RESULT ON 21 APRIL 2017

ACC Ltd , Fag Bearings India Ltd, HDFC Bank Ltd

Sensex gains 86 points, Nifty ends above 9,160

Technically, Indian Stock Market including Nifty, BankNifty and Sensex are in negative zone. Nifty has formed HAMMER Candlestick Pattern with stochastic in oversold region and hence we can see some sharp bounce back in Nifty from support levels at this point of time but Nifty would enter into short term positive zone only it closes above 9160 levels. For now, Nifty would see immediate resistance near 9165-9185 levels and downside is open until 9050-9000 levels. BankNifty has recently entered into negative zone and further downfall would be seen in BankNifty in upcoming days after some short covering rally. Overall market would consolidate in a range bound region and traders can go long at support and short at our predicted resistance levels.

SUPPORT: 9080-9045-9020-8997

resistance: 9135-9165-9185-9220 

STOCK FUTURE TRADING TIP

buy ioc above 434 tgt 439/445 sl 426

EVENT: RESULT ON 20 APRIL 2017

Cyient Ltd  , Hindustan Zinc Ltd , Mindtree Ltd

Primary trend of the IOC is bullish and after giving breakout of its MONTHLY RESISTANCE POINT, it is forming continuation pattern; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 84, one may expect the BUYING ABOVE 434 and targets of 439/445 in the stock if it manages to sustain above the immediate support level of 420.first resistance level seen on charts at 440. On the other hand  IOC is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 426, where one may initiate the short position in it for the targets of 420,410.while stop loss can be placed at 440.  

DAILY CHART FOR IOC:

TECHNICAL ANALYSIS OF YESBANK FOR 19 APRIL 2017

buy yesbank above 1620 tgt 1635/1645 sl 1600

SELL yesbank  BELOW 1600 tgt 1580/1565 sl 1620

EVENT: YESBANK RESULT ON 19 APRIL 2016

YESBANK is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1600, where one may initiate the short position in it for the targets of 1580,1565. while stop loss can be placed at 1620.   Primary trend of the YESBANK is bullish and if it will able to sustain above  MONTHLY RESISTANCE POINT, then it will forming continuation pattern ; 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 BUYING ABOVE 1620 and targets of 1635/1645 in the stock if it manages to sustain above the immediate support level of 1600.first resistance level seen on charts at 1640.

DAILY CHART FOR YESBANK:

STOCK FUTURE CALL FOR 18 APRIL 2017

buy gail above 398 tgt 405/415 sl 390

Primary trend of the GAIL 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 398 ; as the stock is managing to trade above its 22, 55 and 200 days moving averages with the RSI of 65, one may expect the targets of 405 /415 in the stock if it manages to sustain above the immediate support level of 390.GAIL  gives breakout of its MONTHLY RESISTANCE POINT, for now first resistance level seen on charts at 1465.

                                

  DAILY CHART FOR GAIL:

WEEKLY TECHNICAL VIEW ABOUT CEATLTD

YESTERDAY’S RECOMMENDATION UPDATE:

infy move on our words ACHIEVED selling TGT 940 

NOW TOTAL PROFIT: 41470 IN JUST 2 LOT

SELL CEATLTD AT 1415 tgt 1390/1360 sl 1450

The stock is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1415, where one may initiate the short position in it for the targets of 1390,1360. while stop loss can be placed at 1450   Primary trend of the CEATLTD is bullish and after giving breakout of its MONTHLY RESISTANCE POINT, it is forming; 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 BUYING ABOVE 1450 and targets of 1480/1500 in the stock if it manages to sustain above the immediate support level of 1400.first resistance level seen on charts at 1465.

DAILY CHART FOR CEATLTD:

INFOSYS RESULT MAY GIVE STABILITY TO SWING MARKET

YESTERDAY’S RECOMMENDATION UPDATE:

igl almost achieved TGT 1050 

NOW TOTAL PROFIT: 41470 IN JUST 2 LOT

Sensex ended the session down by nearly 150 points as investors stayed on the sidelines ahead of Infosys results tomorrow, while geopolitical concerns continued to weigh on the domestic sentiment. If infy manages to sustain above 980 and gains strength, it can rise to 1000,1030. On the other side if infy breaks the support level of 960 it can goes down to 940,900.

                     Nifty opened with a slight gap-down at 9,251 and fell sharply after making an intra-day high of 9,262.Though the contract has managed to bounce back from the day's low of 9,170.10, it is not showing strength. It is currently hovering around 9,200 and is more likely to reverse lower again. A fall to 9,165 looks likely.Short-term traders with high risk appetite can go short with a stop-loss at 9,260 for the target of 9,170. On the other hand, if the contract manages to sustain above 9,200 and gains strength, it can rise to 9,270 or 9300. A strong break above 9,240 will ease the downside pressure and take the contract higher once again.

JACKPOT IGL FUTURE TRADING CALL

YESTERDAY’S RECOMMENDATION UPDATE:

ioc HIT  TGT 415 

TOTAL PROFIT: 18000 IN JUST 2 LOT

CALL GIVEN ON 06 APRIL 2017: 
CEATLTD ROCKSSS ACHIEVED ALL TARGETS 1440

NOW TOTAL PROFIT: 91000 IN JUST 2 LOT

buy igl above 1030 tgt 1050/1065 sl 1000

Primary trend of the IGL is bullish and after giving breakout of its MONTHLY PIVORT POINT 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 1036 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 58, one may expect the targets of 1050/1075 in the stock if it manages to sustain above the immediate support level of 1000.first resistance level seen on charts at 1054.

STOCK FUTURE TRADING TIP FOR 11 APRIL

buy ioc above 409 tgt 415/420 sl 400

Primary trend of the ioc is bullish and after giving breakout of its MONTHLY resistance level, 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 413 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 73, one may expect the targets of 415/420 in the stock if it manages to sustain above the immediate support level of 400.first resistance level seen on charts at 415.