OPTION TRADING TIPS: HINDALCO STRANGLE STRATEGY BOOK PROFIT

OPTION TRADING TIPS: HINDALCO STRANGLE STRATEGY BOOK PROFIT

SENSEX ENDS MARGINALLY LOWER , NIFTY ABOVE 10,100

The Sensex on Thursday fell by 30 points to 32,370, extending losses for a third day, due to capital outflows by foreign funds after the US Federal Reserve announced plan to wind down stimulus measures and hinted at another interest rate. Market end flat after pharma stocks  rallied on positive corporate announcements. The Nifty Pharma index rose over 3% hitting 7-week high on Thursday. And Banking stocks fell. Andhra Bank fell 4%, Bank of India 3%, Syndicate Bank 2.6%, Karnataka Bank 2.6%, Punjab National Bank 2.3%, Canara Bank 2.1%, Allahabad Bank 2.1%, ICICI Bank 2%, Oriental Bank of Commerce 2%, Indian Bank 2%, Bank of Baroda 1.8% and South Indian Bank 1.7%. Dr Reddy’s Laboratories Ltd surged over 6.5% to Rs2,462.90 

NIFTY TRADING TIPS: NIFTY & BANKNIFTY OUTLOOK & FREE TIPS FOR 21 SEP 2017

NIFTY TRADING TIPS: NIFTY & BANKNIFTY OUTLOOK & FREE TIPS FOR 21 SEP 2017

MINDTREE, DIVISLAB CALL UPDATE:

WEEKLY CALL UPDATE: CALL GIVEN ON 15 SEP 2017

MINDTREE ROCKSS ACHIEVED TGT  478

TOTAL PROFIT: 9600

DIVISLAB ROCKSSS: GIVEN IN LAST POST

 ACHIEVED FINAL TGT  895 MADE HIGH OF 949

TOTAL PROFIT: 20000

 

STOCK FUTURE TRADING TIP FOR 20 SEP 2017

BUY DIVISLAB ABOVE 870 TGT 885/895 SL 855

Primary trend of the DIVISLAB  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 870 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 885/895 in the stock if it manages to sustain above the immediate strong support level of 800.

DAILY CHART FOR DIVISLAB

NIFTY CLOSES AT RECORD HIGH, SENSEX RISES 151 POINTS

The nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, and automobile firms leading the gains & came out on top, breaking out of a tight range they were trading for a couple of weeks, to end at fresh closing high. Nifty closed at all-time high of 10,181, up 79 points, or 0.78 per cent after shuttling between 10,188 and 10,140. It broke the previous record closing of 10,184. hit on August 1. Sensex also rose 151  points, or 0.47 per cent to end at 32,423, its highest closing since August 2 when it had settled at 32,476. During the day, it touched a high of 32,508.

Ø  TOP GAINEERS:

·         Cadila Healthcare Ltd rose 1.2% to Rs 487

·         Nucleus Software Exports Ltd rose 5.2% to Rs 314.55

·         Vascon Engineers Ltd rose 11% to Rs39.05

·         Bajaj Auto Ltd rose 3% to Rs 3113.75

Ø  TOP LOSERS:

·         Tata Motors Ltd rose 2.1% to Rs 409.85. BS Ltd fell 3%

·         Alkem Laboratories Ltd fell 3.2% to Rs 1750.

·         Reliance Communications Ltd fell 2.2% to Rs 20.05.

§  Pharma stocks fell.

·         Divi’s Laboratories Ltd 7%,

·         Ipca Laboratories Ltd 3.1%,

·         Sun Pharmaceuticals Industries Ltd 1.7%,

·         Alkem Lab 1.6%,

·         Dr Reddy’s Laboratories Ltd 1.1%,

·         Aurobindo Pharma 1.1%,

·         Wockhardt Ltd 0.6%.

MINDTREE BULLISH IN UPCOMING WEEK

BUY MINDTREE ABOVE 470 TGT 478/485 SL 458

After showing correction from the higher level (799) since long term , now stock is trading in short term recovery phase for medium term, it is likely to continue the upside move in near term with the crossing of the resistance level of 480 as the stock is managing to sustain above the level of 500.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 500. 22 days moving averages seen as support level with the RSI of 52,and also showing the breakout trendline.  One may get the long term targets of 520,550 in mindtree with the stop loss of 458. Thus the trend of the MINDTREE in the short term, medium term and even the long term timeframe continues to remain upwards.and and 55&200 EMA seen as a resistance levels at 476 and 498.

DAILY CHART FOR MINDTREE

GO LONG AT DIPS UNTIL NIFTY HOLDS 10000

As we have predicted in our last post correction has witness in the market from the level 10140 and nifty achieved the target of 10100...

The Sensex gained 55  points or 0.17 per cent to end at 32,241. Nifty opened at 10,087 and traded between 10,143 and 10,087 in intra-day trade.while Nifty met with resistance and finally ended gain of 28 points, or 0.07 per cent higher at 10,117. breaking its four session long winning streak. It had gained 176 points in the past four trading sessions. Equity benchmarks ended volatile session on a positive note amid tepid global cues due to disappointing China's economic data on Thursday.

                                              A strong break (close)below 10050 will increase the downside pressure and drag it to 10000,9950. Traders can go short on a break below 10050 with a stop-loss at 10090 for the target of 10000,9950. Technically, Indian Stock Market is still in positive zone. So Nifty would witnessing strong resistance at lifetime highs of 10149 levels .But such a strong bounce looks less probable at the moment. because some Further Profit Booking Expected .but still every downfall would be an opportunity  to go long at every dip in the market. The downside pressure will ease only if   Nifty breaches levels of 10149 decisively. , it would head towards 10200 levels in upcoming sessions.