NIFTY ENDS ABOVE 10,250; RALLY DOES NOT END HERE

As predicted by us in our last post a loud roar was of bulls was seen in today’s market. They managed to pull nifty above the levels 10120 of support level. But the rally does not end here we will see a full action of bulls in tomorrow trading session and also nifty may see trading at the level of 10300,10350.

The indices extended gains to settle higher on Thursday thanks to a rally in index heavyweights Infosys, State Bank of India, Reliance Industries, and TCS. The Sensex staged a strong comeback to reclaim the key 33,000-mark.The Sensex reversed its three-session losing spell. The Sensex opened to hit the day’s high of 33,165 before settling up 346 points, or 1.06%, at 33,106. And Also, the Nifty closed at 10,263, a heavy gain of 96 points, or 0.96%, after touching a high of 10,264 and a low of 10,162. Both the indices recorded single-biggest gains since 1 November.

                              Nifty has sawed a strong support today at the level of 10160 at 50 EMA and for tomorrow,  22 EMA will see a strong resistance level of 10280. It is likely to continue the positive movement with the breakout of the levels of 10280; as the nifty is managing to trade above its 22 &55 days moving averages with the RSI of 50, one may expect the targets of 10300/10350 if Nifty manages to sustain above the immediate strong support level of 10200.

 

NIFTY FALLS FOR 3 rd DAY ; STRONG SUPPORT NEAR 10000

The Sensex opened higher at 32,944 but soon turned negative before settling at 32,760, down 181 points, or 0.55 percent. The gauge had lost 372 points in the previous two sessions. The Nifty future too fell sharply by 68 points, or 0.67 percent, to settle at 10,162. Intra-day, it hovered in the range of 10,200 and 10,125. Technically, Indian Stock Market is still in the negative zone. Nifty would possess strong support near 10100 levels. The market would see continuous downtrend only if Nifty closes below 10100 levels. The market is ready for a big movement on either side. you can continue to hold short positions in the market with suggested targets. The market would enter into the positive zone only if it closes above 10210 for Nifty. Otherwise nifty would see further downfall and Next target for Nifty is set to 10120-10100-10000 levels.

The support for the Nifty is 10120-10100-10070-10040-10000 and the resistance is at 10200-10230-10255-10275-10300 levels.

YESTERDAY'S WOCKPHARMA BULLISH !!!

WOCKPHARMA ROCKSS ACHIEVED TARGET 745

MADE HIGH OF 746.80

TOTAL PROFIT: 12000

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EYE ON WOCKPHARMA ; STRONG SUPPORT AT 200 EMA

bUY WOCKPHARMA ABOVE 730 TGT 745/770 SL 700

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Primary trend of the WOCKPHARMA  is bullish and now the stock is trading likely to continue the upside move in near term with the crossing of the resistance level of 730. Then it will be 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 730; Then Overall trend of the stock is bullish. If the stock is managing to trade above its 200 days moving averages with the RSI of 67, one may expect the targets of 745/770 in the stock if it manages to sustain above the immediate support level of 700. 200 EMA can see a strong support at 670. it is likely to experience fresh buying with the crossing of 643 level, where one may keep the targets of 750,770 in the stock with the stop loss of 700.

DAILY CHART FOR WOCKPHARMA:

WEEKLY STOCK CALL FOR 13 NOV - 17 NOV

BUY SRF ABOVE 1750 TGT 1800/1850 SL 1690

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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 1750 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 1750 ; 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 1800/1850 in the stock if it manages to sustain above the immediate support level of 1690.

DAILY CHART FOR SRF

TECHNICAL VIEW ABOUT STAR FOR 10 NOV 2017

BUY STAR ABOVE 800 TGT 820/850 SL 770

Primary trend of the STAR  is bearish . 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 800 ; right now the stock is managing to trade below  its 22 &55 and 200 days moving averages with the RSI of 35, one may expect the targets of 820/860 in the stock if it manages to sustain above the immediate strong support level of 755 level . 840 is seen as a strong resistance.

DAILY CHART FOR STAR

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.