TRADE IDEA ON POWERGRID FUTURE FOR 24 JUNE 2016

YESTERDAY’S BIOCON NEARLY TOUCHED FIRST TGT MADE HIGH OF 897

 “BUY POWERGRID ABOVE 184 TGT 186/188”

“SELL POWERGRID BELOW 180 TGT 178/175”

POWERGRID is likely to continue the upside move in near term with the crossing of the resistance level of 185.50, now the stock is accumulating below the resistance mark of 183.50, with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 65. One may initiate the long position above the mentioned level for the targets of 188. Breakout of its resistance level may show recovery in it where traders can expect targets of 185 and 188 while major support of 180 can be placed as technical stop loss.

Hold Long Positions In Nifty UNTIL IT HOLD 8595

Today, Sensex ended with a gain of mere five points at 27,990. The Sensex opened at 28,013 touched an intra-day high of 28,029 and low of 27,854.The Nifty closed with a gain of three points at 8,632. The Nifty opened at 8,628 hitting a high of 8,639 and low of 8,580.. Technically,  Indian Stock Market is in positive trend. Now BankNifty needs to hold 19211 levels on Intraday basis and 19166 on closing basis. If BankNifty closes below 19166 levels then a sharp breakdown would be seen in the market. Until then traders can hold long

TECHNICAL ANALYSIS OF BIOCON FOR 23 AUG 2016

“BUY Biocon ABOVE 890 TGT 900/920”

“SELL Biocon BELOW 870 TGT 855/845.”

Biocon  is likely to continue the upside move in near term with the crossing of the resistance level of 890, now the stock is accumulating below the resistance mark of 900, further the stock is sustaining below the downward sloping trend line and is likely to continue the northward journey with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 60. One may initiate the long position above the mentioned level for the targets of 890. Breakout of its resistance level may show recovery in it where traders can expect targets of 920 and 935 while major support of 850 can be placed as technical stop loss.

Hold Long Positions In BankNifty As Of Now

Today, Sensex ended with a loss of 91 points at 27,985. The Sensex opened at 28,088 touched an intra-day high of 28,143 and low of 27,918.The Nifty closed with a loss of 38 points at 8,629. The Nifty opened at 8,667 hitting a high of 8,685 and low of 8,614. Technically,  Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would

LAST WEEKLY RECOMMENDATION UPDATE: GIVEN ON 12 AUG

 YESBANK HIT FINAL TGT 1330  MADE A HIGH OF 1336.95
LOT SIZE: 700

WEEKLY TOTAL PROFIT: 42000 IN JUST ONE LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

MARKET CONSOLIDATING, BUY AT DIPS, BREAKOUT EXPECTED IF BANKNIFTY CLOSES ABOVE 19070

LAST DAILY RECOMMENDATION:

IN BeariSH MOMENTUM: ADANIPORTS HIT FIrst TGT 270 MADE A low  OF 266

LOT SIZE: 2500

DAILY TOTAL PROFIT: 22500 IN JUST ONE LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

We continue to see considerable call buildup around the 8700 levels, this suggests that smart money may not be betting on a big rally to take the markets much higher above 8700 in the near future. PCR ratio is around the 0.91 levels which could also mean overall retail outlook is still positive and most retail participant expect the markets to move up from this juncture." Indian Stock Market was open negative. Technically, Indian Stock Market entered into positive trend. Market is still in consolidation phase and would see sharp breakout once BankNifty closes above 19070 levels. If Bank Nifty manages to close above 19070, then the next target would be 19300-19500-20000 levels in days to come. Some sharp correction would be seen but traders should buy at dips and sell at positive rally near resistance levels. Once BankNifty breaches levels of 19070 by closing then traders can go long with full quantity and enjoy huge profits

TOP GAINERS: Tata Steel, Coal India, Aurobindo Pharma, Bajaj Auto, Hero MotoCorp

TOP LOSERS:  Adani Ports, TCS, Tech Mahindra, Power Grid, Infosys and Idea Cellular

TECHNICAL ANALYSIS OF ADANIPORTS FOR 17 AUG 2016

“BUY ADANIPORTS ABOVE 280 TGT 285/290”

“SELL ADANIPORTS BELOW 275 TGT 270/265.”

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 280, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 290/300 and with the strict stop loss of 270.Today, Sensex ended with a loss of 88 points at 28,065. The Sensex opened at 28,190 touched an intra-day high of 28,199 and low of 27,943. The Nifty closed with a loss of 30 points at 8,643. The Nifty opened at 8,670 hitting a high of 8,682 and low of 8,600. The Sensex and Nifty closed lower on Tuesday after WPI inflation hit 23-month high. Inflation for the month of July soared to 3.55% versus

WEEKLY ANALYSIS OF YESBANK FOR 16-19 AUG

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: ZEEL HIT TGT 520 MADE HIGH OF 518.35

LOT SIZE: 1300

DAILY TOTAL PROFIT: 47710 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

FUTURE:

“BUY YESBANK ABOVE 1300 TGT 1315/1330”

“SELL YESBANK BELOW 1280 TGT 1260/1240”

DAILY CHART FOR YESBANK:

Primary trend of the stock 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 1300 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 80, one may expect the targets of 1330  in the stock if it manages to sustain above the immediate support level of 1280. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 1280, where one may initiate the short position in it for the targets of 1250, while stop loss can be placed at 1300.Today, Sensex ended with a gain of 293 points at 28,152. The Sensex opened at 27,919, touched an intra-day high of 28,203 and low of 27,901.The Nifty closed with a gain of 80 points at 8,672. The Nifty opened at 8,605 hitting a high of 8,684 and low of 8,604.

TECHNICAL ANALYSIS OF LUPIN FOR 12 AUG 2016

“BUY LUPIN ABOVE 1582 TGT 1612/1635”

“SELL LUPIN BELOW 1560 TGT 1540/1520”

Lupin After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1600 as the stock is managing to sustain above the level of 1600. One may get the targets of 1620,1650 in the stock with the stop loss of 1560.Today, After falling for past two trading sessions, the Indian stock market see-sawed between negative and positive zone throughout the day and ended higher snapping its losing streak. Sensex ended with a gain of 85 points at 27,860. The Sensex opened at 27,806 touched an intra-day high of 27,902 and low of 27,697.The Nifty closed with a gain of 17 points at 8,592. The Nifty opened at 8,573 hitting a high of 8,601 and low of 8,540. "Markets  taking a breather