MARUTI FUTURE IN FIFTH GEAR

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BUY MARUTI ABOVE 7300 TGT 7330/7380 SL 7240

Overall trend of the stock is bullish .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 7340 as the stock is managing to sustain above the level of 7310. as it is managing to sustain above its 22& 50 and 200 days moving averages with the RSI of 62.One may get the targets of 7360, 7395 in the stock with the stop loss of 7180.

DAILY CHART FOR MARUTI

NIFTY ALL SET FOR RECORD HIGH

HOLD LONG POSITIONS WITH SL 9585

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Indian Stock Market was open flat with positive bias. The Sensex settled at 31,297, down 14 points, while Nifty ended at 9,653, down 4 points. Indices settled the day flat with Nifty trading near 9,650 amid lack of any strong global and domestic cues.Technically, Indian Stock Market, including Nifty, BankNifty has entered into positive zone. Traders can continue to hold long positions as market is expected to make new record highs in days to come. Next target for Nifty is set to 9684-9700-9715 levels. Breaching 9710 would force Nifty to move towards next logical target of 9800 levels. Traders can go long at dips until Nifty holds 9585 levels on closing basis. The support for the Nifty is 9620-9585-9560-9520 and the resistance to the up move is at 9685-9700-9710-9725 levels.

ROCKING TATASTEEL CALL: NEXT WATCH BULLISH SUN TV

CALL GIVEN IN 15 JUNE POST ACHIEVED ALL THE TGT 

BOUGHT @ 505 & BOOKED PROFIT @ 520 TOTAL 

60,000 

PROFIT IN JUST 2 LOTS.

FOR MORE FRESH CALLS FILL UP THE FORM 

GIVEN HERE>>>

"BUY SUNTV ABOVE 860 TGT 875/890 SL 840"

Primary trend of the SUNTV  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 860 ; as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 59, one may expect the targets of 875/890  in the stock if it manages to sustain above the immediate support level of 840.

DAILY CHART FOR SUNTV

WEEKLY TRADING IDEA ON HINDPETRO

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BUY HINDPETRO ABOVE 532 TGT 545/560 SL 515

The HINDPETRO is showing correction since past few sessions and also sustaining above lower trend line support level. Currently it has formed reversal pattern on the short term charts .Overall trend of the stock is, now the stock is accumulating below the resistance mark of 540, further the stock is sustaining below the downward sloping trend line and is likely to continue the northward journey with the crossing of the resistance level; as it is managing to sustain above its 22& 50 and 200 days moving averages with the RSI of 45. One may initiate the long position in the HINDPETRO with the crossing of the 532 and can expect the targets of 545 and 560 in the stock, Support of 515 can be placed as stop loss in it.

DAILY CHART FOR HINDPETRO

Hold Short Or Sell At Rally Until Nifty Breaches 9649

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.