STOCK FUTURE TRADING TIP FOR 24 MAY 2017

SELL GLENMARK below 650 TG 635/620 SL 675

The GLENMARK is in downtrend  and is forming a continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 647, where one may initiate the short position in it for the targets of 635,620 while stop loss can be placed at 675 .22&55 and 200 EMA seen as resistance levels on intraday charts .Today, Pharma stocks were the biggest losers with Nifty Pharma posting sixth consecutive session of loss. The sectoral index fell over 3% dragged by Sun Pharma, Aurobino Plarma and Cipla.

DAILY CHART FOR GLENMARK

STOCK FUTURE TRADING TIP 23 MAY 2017

BUY zeel ABOVE 518 TGT 525/535 SL 500

After showing correction from the higher level, now ZEEL 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 522 as the stock is managing to sustain above the level of 520.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 525. 22 and 55 days moving averages seen as resistance level with the RSI of 48,  One may get the targets of 532,538 in the stock with the stop loss of 518. Primary trend of the ZEEL is bullish. Support level seen on  charts at 496 AT 200 EMA .

DAILY CHART FOR ZEEL

WEEKLY STOCK FUTURE TRADING TIP

YESTERDAY’S RECOMMENDATION UPDATE:

zeel hit tgt 507 made low of 506.15

toatal intrady profit 17810

BUY LUPIN ABOVE 1325 TGT 1345/1370 SL 1295

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 1325 as the stock is managing to sustain above the level of 1325 AT 22 EMA. One may get the targets of 1345,1370 in the stock with the stop loss of 1295. Primary trend of the LUPIN is bullish. Resistance level seen on intraday charts at 1375 as 55 EMA and 1470 as 200 EMA.

DAILY CHART FOR LUPIN

STOCK FUTURE TRADING TIP FOR 19 MAY 2017

RECOMMENDATION UPDATE: GIVEN ON 15 MAY

lupin HIT TGT 1315 MADE HIGH OF 1321.90

TOTAL PROFIT: 21520 IN JUST 2 LOT

SELL ZEEL BELOW 513 TGT 507/500 SL 525

The stock is in downtrend  and is forming a continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 513, where one may initiate the short position in it for the targets of 500, while stop loss can be placed at 525.22&55 EMA seen as resistance levels on intraday charts and 200 EMA seen as major support level at 495. below

DAILY CHART FOR ZEEL

TATASTEEL FUTURE TRADING TIP FOR 18 MAY

BUY  TATASTEEL ABOVE 495 TGT 505/515 SL 480

Primary trend of TATASTEEL  is bullish and it would be consolidating at the higher level after showing bullish movement today. but  It is expected to continue the bull run with the crossing of the resistance level of 500, 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 505,515 and with the strict stop loss of 480

DAILY CHART FOR TATASTEEL

YESTERDAY’S RECOMMENDATION UPDATE:

lupin near tgt 1315 made high of 1302.4 today ,hold lupin for full profit at final tgt 1330

Market Strong Until Nifty Holds 9375

Technically, Indian Stock Market is still in positive zone. Nifty would possess strong support near 9400 levels. Market would see reversal only if Nifty closes below 9375 levels. Market is ready for a big movement in either side. Some profit booking can’t be ruled out at this point of time as Nifty is near its major resistance levels. Technically, next target for Nifty is set to 9550-9575 but investors should consider booking partial profits at this point of time and hold remaining quantity with stoploss of 9375 levels for Nifty on closing basis. Fresh Short can only be initiated if Nifty closes below 9375 levels. 

The support for the Nifty is 9440-9400-9370-9350-9320 and the resistance to the up move is at 9580-9565-9550-9520-9500 levels.

STOCK FUTURE TRADING TIP FOR 16 MAY 2017

BUY LUPIN ABOVE 1295 TGT 1315/1330 SL 1265

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 1300 as the stock is managing to sustain above the level of 1300. One may get the targets of 1315,1350 in the stock with the stop loss of 1265. Primary trend of the LUPIN is bullish. first resistance level seen on  charts at 1326.

DAILY CHART FOR LUPIN

Go Short Only If Nifty Closes Below 9367, Until Then Hold Long

Technically, Nifty is still in positive zone. Nifty would enter into negative zone once it closes below 9367 levels .whereas BankNifty would enter into negative zone if it closes below

WEEKLY TECHNICAL VIEW ABOUT ZEEL FOR 15-19 MAY 2017

BUY ZEEL ABOVE 535 TGT 550/565 SL 510

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 535 as the stock is managing to sustain above the level of 530. One may get the targets of 550,565 in the stock with the stop loss of 510. Primary trend of the ZEEL is bullish. first resistance level seen on  charts at 550.

DAILY CHART FOR ZEEL

UPCOMING RESULTS NEXT WEEK: