TECHNICAL VIEW ABOUT UPL FOR 09 NOV 2017

BUY UPL ABOVE 752 TGT 765/775 SL 735

Primary trend of the UPL  is bearish for now and  After showing correction from the higher level, now stock is trading in short-term recovery phase, 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 752 ; right now the stock is managing to trade below  its 22 &55 and 200 days moving averages with the RSI of 32, one may expect the targets of 765/775 in the stock if it manages to sustain above the immediate strong support level of 735. 770 level is seen as a strong resistance.

DAILY CHART FOR UPL

SENSEX PLUNGED NEARLY 400 POINTS; NIFTY CLOSE OVER 1% LOWER

Nifty closed lower by 101 points or 0.97 percent at 10,350. sensex touched a high of 33,865 and a low of 33,341 against the previous close of 33,731. The Sensex plunged 360 points to close at 33,370 due to negative domestic and global cues. Except for IT stocks, which rose over 2%, all other indices ended lower with PSU Bank and Nifty Pharma falling 3.92% and 4.29%, respectively. Energy, consumer durables, and realty indices fell more than 2%.

•          Lupin shares fell 15% to hit near four year low of Rs 879.
•          Indian Oil Corp Ltd fell 3%,
•          Hindustan Petroleum Corp Ltd 2.6%,
•          Bharat Petroleum Corp Ltd rose 2.4%.
•          Jet Airways India Ltd fell 4.3%,
•          SpiceJet Ltd declined 4%,
•          Infosys Ltd rose 2%,
•          Wipro Ltd rose 1.1%,
•          Tech Mahindra Ltd rose 1.3%,
•          HCL Technologies Ltd rose 2.1%,
•          Torrent Power Ltd rose 3.5% to Rs281.

MARUTI BULLISH; AS PREDICTED ON 31 OCT 2017

maruti ROCKSS ACHIEVED TARGET 8350

made high of 8390

TOTAL PROFIT: 10125

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ON 09039542248

BANKNIFTY IS OUT OF TUNNEL HEADING TO NEW TERRITORY..

Prediction comes true banknifty achieved the target of 25650 made high of 25688.85 

WEEKLY STOCK FUTURE CALL :

WEEKLY CALL UPDATE: SRF ROCKSSS

SRF ROCKSS ACHIEVED  TARGET 1750

TOTAL PROFIT: 25000

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DAILY CHART FOR SRF

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