BANKNIFTY UPDATE: GIVEN ON 30 OCT 2017

The BANKNIFTY moved according to the magical stick hidden in our words in the 30 oct 2017 post and gave a breakout above the mentioned level 25500...... As we have predicted, that further uptrend would be seen in the market and traders should hold long positions. We have also predicted that uptrend is open up to 25500 levels for BANKNIFTY where its next RESISTANCE exists and exactly same happened. bank nifty gives breakout sharply and saw high of at 25573.40. bank nifty near its resistance level and unable to rebound from there. Finally, bears vanished from the market.

BANKNIFTY ACHIEVED  TARGET 25500

TOTAL PROFIT: 24400 IN JUST 2 LOT

 For now, bank nifty would open the door for 25650

MARUTI GETTING READY FOR SHOOTUP !!!!

BUY MARUTI ABOVE 8255 TGT 8300/8350 SL 8180

Primary trend of the MARUTI  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 8255 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 68, one may expect the targets of 8300/8350 in the stock if it manages to sustain above the immediate support level of 8200.
                                                    DAILY CHART FOR MARUTI

BANKNIFTY LIKELY TO BREAKOUT SOON !!!!

Technically, BANKNIFTY is still in positive zone but. BANKNIFTY would be considered weak below 24850 levels for bank Nifty. BANKNIFTY would see a reversal if it closes below 24850 levels. Overall, it is strong for long-term and Investors can go long at every dip. Bank Nifty may see some further temporary correction but traders should initiate short only below 24850 levels until then, every downfall is an opportunity to go long in the Bank Nifty. If bank nifty managed to close above 25150 levels. Or breaching this level, bank nifty would force it to move towards 25200-25260-25320-25500 levels.The range for bank nifty is 24800 on the downside and 25150 in the positive direction. once market closes above or below any of these levels, would be decided next movement of bank nifty.

DAILY CHART FOR BANKNIFTY

WEEKLY STOCK CALL FOR 30 OCT - 03 NOV

BUY SRF ABOVE 1700 TGT 1750/1800 SL 1620

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After showing correction from the higher level, now SRF is trading in a short-term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1700 as the stock is managing to sustain above the level of 1700.  Primary trend of the SRF  is bullish and or 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 1700 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 52, one may expect the targets of 1750/1800 in the stock if it manages to sustain above the immediate support level of 1620.

DAILY CHART FOR SRF

STAR TRADER STOCK OF THE DAY “ULTRACEMCO"

ULTRACEMCO ROCKSS ACHIEVED  TARGET 4500

TOTAL PROFIT: 16800

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DAILY CHART FOR ULTRACEMCO

ULTRACEMCO READY TO MAKE NEW HIGHS

RESULTS ON 26 OCT 2017: YESBANK

BUY ULTRACEMCO ABOVE 4400 TGT 4490 SL 4300

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Primary trend of the ULTRACEMCO 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 4470 ; 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 4490/4520 in the stock if it manages to sustain above the immediate support level of 4400.

DAILY CHART FOR ULTRACEMCO

KEEP AN EYE ON HINDUNILVR ON 25 OCT 2017

Infosys Q2 results: Software firm Infosys said profit for July-September quarter grew by 7 percent sequentially to Rs 3,726 crore, but slashed its full-year constant currency revenue growth guidance to 5.5-6.5 percent.Revenue during the quarter increased by 2.9 percent to Rs 17,567 crore and dollar revenue grew by 2.9 percent at Rs 2,728 crore compared with previous quarter.

HDFC Bank Q2 results:

Net Profit for India’s largest private sector bank rose 20 percent on a year-on-year (YoY) basis to Rs4,151 crore.The private sector bank reported a net profit of Rs3544.33 crore in the corresponding quarter of last fiscal.

BUY HINDUNILVR ABOVE 1270 TGT 1300/1330 SL 1240

 

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Primary trend of the HINDUNILVR is bullish and is consolidating at the higher level after showing

DIWALI PICK CALL"RELIANCE" ROCKS!!!!!!!! HOPE YOU BOOKED HUGE PROFITS

RELIANCE ROCKSS ACHIEVED  TARGET 930

TOTAL PROFIT: 38000

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INTRADAY CHART FOR RELIANCE