Monday, September 25, 2017
Friday, September 22, 2017
MARUTI IS IN SHORT TERM REVERSAL PHASE
sell MARUTI ABOVE 8050 TGT 8000/7900 SL 8120
TECHNICAL VIEW: After showing strong bullish movement , it
is forming a reversal pattern in short term charts, Primary trend of
the MARUTI is bearish. Strong Support level seen on daily chart
at 8050. , it is likely to show correction with the breach of the support
level of 8050, where one may initiate the short position in it for the targets
of 8000/7900, while stop loss can be placed at 8120. On the other side It
is likely to continue the upside move in near term with the crossing of the
resistance level of 8150. as the stock is managing to trade above its
22& 50 and 200 days moving averages with the RSI of 60. After
breakout, the level of 8150 One may get the targets of 8200,8260 in the stock
with the stop loss of 8050.
DAILY CHART FOR MARUTI:
Thursday, September 21, 2017
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
Wednesday, September 20, 2017
Tuesday, September 19, 2017
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
Monday, September 18, 2017
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%.
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