PROFIT BOOKING TO BE SEEN UNTIL NIFTY CLOSES ABOVE 9370

YESTERDAY’S RECOMMENDATION UPDATE:

MINDTREE ACHIEVED TGT 490

 TOTAL PROFIT: 21600 IN JUST 2 LOT

WEEKLY RECOMMENDATION UPDATE:

RELINFRA  MOVE ON OUR WORDS ACHIEVED TGT 600

TOTAL PROFIT: 44200 IN JUST 2 LOT

FOR MORE CALLS SUCH WEEKLY AND INTRADAT CALLS FILL UP THE FORM GIVEN HERE>>>>>

SENSEX ended at 29,918 down 111 points, Nifty closed at 9,304

Technically, Indian Stock Market is still in positive trend. New F&O contract was start today. Market is entering into consolidation soon. Nifty may see its strength loosing below 9320 levels. Nifty has formed BLACK CLOUD COVER candlestick pattern and Stochastic are already in overbought region, so closing below 9320 would force market to see further profit booking. Further positive rally would begin only if Nifty manages to close above 9370 levels. Once market closes above 9370 levels we would see Nifty achieving the next target of 9415 levels. Until then traders can go short at resistance and long at support levels.

EVENTS NEXT WEEK: RESULTS ANNOUNCED BY

STOCK FUTURE TRADING TIP FOR 27 APRIL

buy MINDTREE at 481 tgt 490/500 sl 465

The Primary trend of the MINDTREE  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 480 ; as the stock is managing to trade above its 22 and 55days moving averages with the RSI of 65, one may expect the targets of 490/510  in the stock if it manages to sustain above the immediate support level of 460.first resistance level as 200EMA seen on charts at 506.

DAILY CHART FOR MINDTREE:

YESTERDAY’S RECOMMENDATION UPDATE:

lt move on our words ACHIEVED TGT 1750 

TOTAL PROFIT: 25000 IN JUST 2 LOT

Market In Positive Zone, Go Long At Every Dip

Indian Stock Market would open positive. Technically, Indian Stock Market has entered into positive zone. Traders can go long at every dip in the market. Now, market can breach lifetime highs soon. Overall, market is positive and traders should go long in the direction of the trend. Once Market closes above 9275 levels for Nifty then it would soon see levels of 9350 for Nifty Market closes positive today for the momentum to continue. upcoming results would decide the further market direction. The support for the Nifty is 9200-9165-9150-9130 and the resistance to the up move is at 9237-9250-9280-9316-9345 levels.

STOCK FUTURE CALL FOR 25 APRIL 2017

buy lt above 1725 tgt 1750/1780 sl 1690

The Primary trend of the LT 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 1740 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 75, one may expect the targets of 1770/1810  in the stock if it manages to sustain above the immediate support level of 1700.first resistance level seen on charts at 1750.

DAILY CHART FOR LT:

FULL OF Event Week, Nifty Consolidate Until In Range Of 9130-9220

Technically, Indian Stock Market is still in positive zone as of now. Market is in consolidation as of now but packed with many major events this week. French Election, Geopolitical issues, Trump announcement on Tax laws, Kotak Mahindra Bank, Maruti & Wipro and F&O Expiry, all are lined up this week. This week would be full of

STOCK FUTURE TRADING TIP FOR 24-28 APRIL 2017

buy RELINFRA aT 583 tgt 600 sl 560

Primary trend of the RELINFRA 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 582 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 55, one may expect the targets of 600/605 in the stock if it manages to sustain above the immediate support level of 560.first resistance level seen on charts at 592.

DAILY CHART FOR RELINFRA:

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: