SENSEX CLOSES FLAT IN A LACKLUSTRE TRADE, NIFTY SETTLES ABOVE SUPPORT LEVEL 8,720

Sensex ended with a gain of 19 points at 28,372. The Sensex opened at 28,345 touched an intra-day high of 28,416 and low of 28,259.The  Nifty closed with a gain of 11 points at 8,727. The Nifty opened at 8,711 hitting a high of 8,740 and low of 8,689. After witnessing a gap down opening on Monday, stock markets opened today on a relatively sedate note but traded volatile during the day. The Nifty on Wednesday closed the volatile session marginally in the green, but above the crucial support level of 8,720. Yes Bank staged a recovery after a sharp correction in the previous sessions after it deferred its QIP issue. The stock gained 4%. Indian Stock Market was open negative. Technically, Indian Stock Market is still in negative zone. Market would see further downfall and traders can hold short positions as of now. Some buying would be seen at lower levels that may help market to see some bounce but for now, overall market is negative and every positive movement is an opportunity for traders to go short in the market and every downfall would be an opportunity to book profits near support levels. Traders should remember that this downfall is for very short term and would be considered just as correction to this positive rally but can take index to levels of 8600-8500 if seen below 8700 for Nifty.

CANDLESTICK PATTERN:

The index formed a 'Spinning Top' kind of pattern for the second day in a row, which indicated indecisiveness among the bulls as well as the bears. The pattern resembles a 'Spinning Top' kind of candlestick pattern, because the distance between the opening level and the intraday high is almost equal to the distance between the opening level and the intraday low.

TOP GAINERS:  Bank of Baroda, Yes Bank, Tata Motors DVR, , Axis Bank

TOP LOSERS:  Bosch, Coal India, ONGC, TCS, Sun Pharmaceuticals, KotakBank

YESTERDAY’S SUNTV CALL UPDATE:

" SUNTV  FUTURE CALL ROCKS....!!! 

HIT TGT 460 MADE HIGH OF 483.90

TOTAL PROFIT 56800 IN JUST 1 LOT 

TO READ FULL REPORT CLICK ON 

https://beststockfuturecalls.blogspot.in/2016/09/wednesday-14-september-stock-future.html

FOR MORE ROCKING CALLS FILL UP THE FORM GIVEN HERE>>>>>

STOCK FUTURE TRADING TIPS FOR 14 SEP

BUY SUNTV Above 450 TGT 455/460 SL 445 

BUY BHEL Above 154 TGT 160/168 SL 150 

BUY IDBI  Above 80 TGT 83/88 SL 77

SELL YESBANK  BELOW 1200 TGT 1190/1175 SL 1215

BUY FIEMIND  Above 1100 TGT 1150/1200 SL 1075

TRADE IDEA ON SUNTV FUTURE FOR 14 SEP 2016

“SELL SUNTV BELOW 450 TGT 445/440”

SUNTV is showing correction since past few days and also sustaining above lower trend line support level 450. is forming a bearish after top gap down candlestick pattern in short term charts, it is likely to show correction with the breach of the support level of 450, where one may initiate the short position in it for the targets of 440, while stop loss can be placed at 465. On the other side ,short term charts showing  the resistance level of 480.Breakout of its resistance level may show recovery in it where traders can expect targets of 490 and 500 while major support of 1500 can be placed as technical stop loss 460.

CANDLESTICK :BEARISH AFTER TOP GAP DOWN

The first two white days and the gapping up third white day create a market with an extended bullishness. The fourth day is a strong black day that shows that there might be some weakness finally in the uptrend. The fifth day gaps down and closes near its lows creating a strong black candlestick. It now appears that the market overextended itself to the upside and a reversal of the prior trend has begun.

NIFTY DROPS OVER 151 POINTS ON FED RATE HIKE

Sensex ended with a loss of 444 points at 28,354. The Sensex opened at 28,481 touched an intra-day high of 28,481.11 and low of 28,251.The Nifty closed with a loss of 151 points at 8,716. The Nifty opened at 8,733 hitting a high of 8,747 and low of 8,699. Indian stocks witnessed a sharp plunge on Monday on weak global cues. Besides, investors engaged in profit booking in the recent gainers at attractive and higher valuations. Stock market will remain closed tomorrow on account of on account of Bakri Id.  

TOP GAINERS: Infosys, Delta Corp, Balkrishna Industries, ICRA

TOP LOSERS:  ICICI Bank, Tata Motors, Axis Bank, Tata Steel , M&M

WEEKLY TIP OF MARUTI FOR 12 -16 SEP

“SELL MARUTI BELOW 5400 TGT 5300/5200”

CANDLESTICK : BEARISH HANGING MAN

The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.

Nifty settles below 8,900 mark ,Some Sharp Correction To Be Seen 

Today, the Sensex ended with a loss of 248 points at 28,797. The BSE Sensex opened at 29,063 and touched an intra-day high of 29,062.90 and low of 28,755.The NSE Nifty closed with a loss of 86 points at 8,867. The NSE Nifty opened at 8,934 hitting a high of 8,939 and low of 8,859. The Indian equity market ended with losses on Friday. Weak global cues, profit booking and a weak rupee dampened the sentiment. Indian Stock Market was open neagtive. Technically, analysis would still remain same and Indian Stock Market is still in positive zone. Trade has to be on the positive side. Every dip in the market would be an opportunity for traders to go long. We may see further consolidation before Nifty breaches 9000 mark. Nifty would surely breach 9000 mark in day to come after some consolidation or correction but once it does so, we would see lifetime highs of 9119 breaching immediately and market would create new lifetime highs in that case.

TOP GAINERS: ONGC, GAIL, Wipro, TCS, RIL, HCL Tech, HDFC Bank  

TOP LOSERS:  Hindalco, Yes Bank, UltraTech Cement, Axis Bank

YESTERDAY’S WOCKPHARMA CALL UPDATE:

" WOCKPHARMA FUTURE CALL ROCKS....!!! 

HIT TGT 890MADE HIGH OF 893.45

TOTAL PROFIT 22140 IN JUST 2 LOT 

TO READ FULL REPORT CLICK ON 

https://beststockfuturecalls.blogspot.in/2016/09/technical-analysis-of-wockpharma-for-09.html

FOR MORE ROCKING CALLS FILL UP THE FORM GIVEN HERE>>>>>

TECHNICAL ANALYSIS OF WOCKPHARMA FOR 09 SEP 2016

“BUY WOCKPHARMA ABOVE 875 TGT 890/910”

WOCKPHARMA  is showing correction since past few sessions and also sustaining above lower trend line support level 850. Currently it has formed reversal pattern on the short term charts and trading above the resistance level of 850.Breakout of its resistance level show recovery in it where traders can expect targets of 890 and 910 while major support of 850 can be placed as technical stop loss.

NIFTY,SENSEX ENDS ABOVE 8,950,29000

Today, Sensex ended with a gain of 119 points at 29,045. The Sensex opened at 28,929 touched an intra-day high of 29,077 and low of 28,855.The Nifty closed with a gain of 35 points at 8,953. The Nifty opened at 8,916 hitting a high of 8,960 and low of 8,896. The Indian equity market opened in red on Thursday and erased early losses to end higher on Thursday after European stocks edged higher. The Sensex ended above 29,000 for the first time since April 13, 2015 while the Nifty Midcap index ended at record closing high. Now Technically, Indian Stock Market is in positive trend and Every correction would be an opportunity for traders to go long in the market. . Market would consolidate at this point of time and would see further correction before breaching psychological levels of 9000 for Nifty. This positive rally would last very long and as data suggest we could see new lifetime