TATASTEEL BULLISH ON 16 JUN 2017

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BUY TATASTEEL ABOVE 505 TGT 510/520 SL 498

Primary trend of the TATASTEEL  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 505 ; as the stock is managing to trade above its 22 &  55 and 200 days moving averages with the RSI of 60, one may expect the targets of 510 in the stock if it manages to sustain above the immediate support level of 500.

DAILY CHART FOR TATASTEEL

MARKET CAUTIOUS !!! FED POLICY DISCLOSED TONIGHT

YESTERDAY’S RECOMMENDATION UPDATE:

Lupin near tgt 1200 made high of 1193.50

NOW total profit 10800 in just 2 lot

CONTINUE TO HOLD FOR TGT 1200

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Sensex and Nifty ended higher after a volatile session

Technically, Nifty has entered into negative zone but BankNifty is still in positive zone. Interestingly, both Nifty and BankNifty has formed INVERSE HAMMER candlestick pattern with long shadow and this suggest that market would see positive movement from here. Nifty hold 9600 levels on closing basis. Traders can go long in Nifty with strict stoploss

LUPIN FUTURE TRADING TIP FOR 14 JUNE 2017

BUY LUPIN ABOVE 1180 TGT 1200/1220 SL 1160

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LUPIN is looking weak on charts however it is accumulating above its major support level 1150 and recently has given breakout of its previous major resistance level 1180 on closing basis, now next resistance for LUPIN is of 1200; it is likely to experience fresh buying with the crossing of mentioned level, where one may keep the targets of 1200,1220 in the stock with the stop loss of 1160. Overall trend of the stock is bullish and after experiencing correction from the higher level. as it is managing to sustain ABOVE  its 22 days moving averages with the RSI of 42. Then one may keep the targets of 1270  in the stock with the stop loss of 1150.200 EMA seen as a strong resistance level at 1423.

DAILY CHART FOR LUPIN

KEEP AN EYE ON IIP CPI & WPI DATA THIS WEEK 13 JUN 2017

LAST POST TATASTEEL FUTURE CALL ROCKS ACHIEVED 1ST TGT 

CONTINUE TO HOLD FOR FINAL TGT 520

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EVENT-PACKED WEEK, NIFTY REVERSAL ONLY BELOW 9609 

Technically, The market is still in positive zone. Nifty would see reversal i.e. would enter into negative zone only if it closes below 9600. Market has witnessed strong resistance near 9650 levels and strong hands looks to book profits at this point of time. Nifty may open gap negative but some recovery would be seen after opening. Traders can initiate fresh short positions only if Nifty managed to close below 9600 levels as market is overstretched but until then traders can buy at dips. Overall, Nifty is trading in 9600-9700 range and traders can buy at dips and short at rally until this range breaks on closing basis. . The support for the Nifty is 9600-9590-9580-9550 and the resistance to the up move is at 9650-9670-9705-9715 levels.

WEEKLY TECHNICAL VIEW ABOUT TATASTEEL

BUY tatasteel AT 502 TGT 513/520 SL 488

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Primary trend of the stock is bullish and is consolidating at the higher level after bullish move. It is expected to continue the bull run with the crossing of the resistance level of 522, as the stock is sustaining above its 200 and 22& 50 days moving averages with the RSI of 65. One may initiate the long position above the mentioned level for the targets of 502 and with the strict stop loss of 488.on the other side it is likely to show correction with the breach of the support level of 488, where one may initiate the short position in it for the targets of 480,470 while stop loss can be placed at 510.

DAILY CHART FOR TATASTEEL

STOCK FUTURE TRADING TIP FOR 09 JUNE 2017

RECOMMENDATION UPDATE: given on 06-june-2017

JUBLFOOD almost hit tgt 965 made low of 964.9

toatal profit 13900

BUY WOCKPHARMA AT 650 TGT 665 SL 620

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Wockpharma is looking weak on charts however it is accumulating above its major support level 600 and recently has given breakout of its previous major resistance level 640, now it has next resistance at the level of 650; it is likely to experience fresh buying with the crossing of mentioned level, where one may keep the targets of 665,700 in the stock with the stop loss of 620. Overall trend of the stock is bullish and after experiencing correction from the higher level. as it is managing to sustain ABOVE  its 22& 55 days moving averages with the RSI of 43. it is likely to show correction with the breach of the support level of 520, where one may initiate the short position in it for the targets of 500,480 while stop loss can be placed at 650.200 EMA seen as a strong resistance level at 760.

DAILY CHART FOR WOCKPHARMA

STOCK FUTURE TRADING TIP FOR 08 JUNE 2017

sell Star ABOVE 940 TGT 927/920 SL 960

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After showing correction from the higher level, now after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the negative movement with the breakout of the pattern at the support levels of 940 ; as the stock is managing to trade below its 22,50 and 200 days moving averages with the RSI of 40, one may expect the targets of 920/900 in the stock if it manages to sustain below the immediate resistance  level of 960.

DAILY CHART FOR STAR

RBI keeps repo rate unchanged at 6.25%

Sensex settled at 31,271, up 80 points, while Nifty closed at 9,663, up 27 points. indices ended marginally higher after the Reserve Bank of India (RBI) kept the repurchase (repo)

JUBLFOOD FUTURE TRADING TIP FOR 07 JUNE 2017

BUY JUBLFOOD At 951 TGT 965/975 SL 935

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After showing correction from the higher level, now JUBLFOOD  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 950 as the stock is managing to sustain above the level of 935. One may get the targets of 970/990 in the stock with the stop loss of 935. as it is managing to sustain above its 22, 55&200 days moving averages with the RSI of 41. One may initiate the long position in the JUBLFOOD  for long term investment and can expect the targets of 1100 and 1150 with sl 880.

DAILY CHART FOR SUNTV