WEEKLY TECHNICAL ANALYSIS OF STAR FOR 09-13 JAN 2017

WEEKLY RECOMMENDATION UPDATE:
UPL HIT ALMOST ALL TGT 680 MADE HIGH OF 677 .50 GIVEN BUY AT 655

LOT SIZE :1200

TOTAL PROFIT : 54000 IN JUST 2 LOT

“BUY STAR ABOVE 1100 TGT 1125/1150 
SL 1070”

After showing correction from few sessions , now stock is trading in long term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1100 as the stock is managing to sustain above the level of 1110. One may get the targets of 1125,1150 in the stock with the stop loss of 1070. Healthcare company Strides Shasun   shares jumped more than 4 percent intraday Friday on acquisition of USFDA approved API (active pharmaceutical ingredients) facility in India.

go long at every dIP with  stop-loss at 8,250       

Technically, Traders can go long at every dip in the market with strict stoploss at 8250 levels on closing basis. Traders should note that this positive rally is for very short term but for now traders can go long at every dip in the market until market again see reversal. On the other hand, if the nifty reverses lower from 8,250 a corrective fall to 8,200 or 8,150 is

TRADE IDEA ON UPL FUTURE FOR 05 JAN 2017

“BUY UPL ABOVE 665 TGT 675/685 SL 650”

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

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 665 as the stock is managing to sustain above the level of 650. as the stock is sustaining above its 22&55 days moving averages with the RSI 55.One may get the targets of 680,700 in the stock with the stop loss of 650.

SENSEX FLAT;NIFTY FAILS TO CLOSE ABOVE 8200          

The Sensex and Nifty ended flat as positive sentiment from upbeat global economic data was offset by caution ahed of corporate results starting later this month and the government's annual budget in early February. Technically, After recording an intra-day high at 8,223, the contract began to experience selling pressure and turned volatile. It fell below the immediate support level of 8,200 and marked an intra-day low at 8,187 levels. The Nifty  is also volatile and is moving sideways. The advances/declines ratio is slightly biased towards advances.

                    Traders with a short-term perspective should tread with caution as long as the contract trades in the band between 8,190 and 8,220.A strong rally beyond 8,220 will strengthen the bullish momentum and push the contract higher to 8,240 and 8,250 levels. But a decisive fall below 8,190 can bring back selling pressure and pull the contract down to 8,175 and 8,150 levels in the near term.

SHORT NIFTY BELOW 8100;UNTIL THEN HOLD LONG POSITIONS

PREVIOUS RECOMMENDATION UPDATE:

zeel hit tgt 460 made high of 461.25 call given on 28 dec 2016

yesbank hit tgt 1165 made high of 1175 call given on 29 dec 2016

Sensex ended with a gain of 48 points at 26,643. It opened at 26,616, touched an intra-day high of 26,724 and low of 26,488.The Nifty closed with a gain of 13 points at 8,192. It opened at 8,196, hit a intraday high of 8,219 and low of 8,149. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8100 levels for Nifty and 17906 levels for BankNifty. Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8100 levels and BankNifty closes below 17906 levels, then market would see a sharp breakdown. So traders can hold long positions only till Nifty and BankNifty hold these levels by closing.

TOP GAINERS:  Power Grid, Coal India, BHEL, Yes Bank, Axis Bank, Zee, Gail,ICICI Bank 

TOP LOSERS:  Bharti Airtel, Idea Cellular, Hero MotoCorp, Tata Motors, UltraTech Cement 

TRADE IDEA ON TATACHEM FUTURE FOR 03 JAN 2017

BUY TATACHEM 513 TGT 520/526 SL 505

Sensex ended with a loss of 31 points at 26,595. The Sensex opened at 26,711 touched an intra-day high of 26,721 and low of 26,447.The Nifty closed with a loss of a mere six points at 8,180. The Nifty opened at 8,210 hitting a high of 8,212 and low of 8,134.          

Technically, The Nifty started the session on a positive note at 8,215 with a gap-up at the open. However, the contract started to decline, experiencing selling pressure. Asian markets are trading on a mixed note. The Nikkei 225 is down 30 points at 19,114 and the Hang Seng index is up 209 points at 22,000 levels. The Nifty 50 advances/declines ratio is biased towards advances. Traders with a short-term perspective should desist from trading as long as the contract trades in the band between 8,150 and 8,200. A strong break through 8,200 is required to bring back bullish momentum. In that case, traders can initiate fresh long positions with a fixed stop-loss of 8150.

            The next key resistances are at 8,225 and 8,240 levels. On the other hand, a decisive slump below 8,150 will strengthen the selling pressure and drag the contract down to 8,130 and then to 8,100 levels.

TOP GAINERS:  Ambuja Cement, UltraTech Cement, Tata Steel, M&M, Eicher Motors,

TOP LOSERS:  HDFC, Bank of Baroda, SBI, IndusInd Bank, ICICI Bank and Bajaj Auto 

WEEKLY TECHNICAL ANALYSIS OF UPL FOR 02-06 JAN 2017

“BUY UPL ABOVE 655 TGT 665/680 SL 640”

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

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 655 as the stock is managing to sustain above the level of 650. as the stock is sustaining above its 22&55 days moving averages with the RSI 50. "605" level act as a strong support on 200 EMA. One may get the targets of 680,700 in the stock with the stop loss of 640.

Markets end 2016 higher ;Nifty jumps to 8,186

Technically, Traders can go long at every dip in the market . Near-term outlook is bullish for the contract. Traders with a short-term perspective can make use of intra-day declines to initiate fresh long positions while maintaining a stop-loss at 8,150 levels. The contract can continue its up move and test resistance at 8,200. Strong rally beyond this level can take the contract higher to 8,250 and 8,330 levels. On the other hand, only an emphatic fall below the key support level of 8,100 will bring back selling pressure and drag the contract down to 8,075 and then to 8,000 levels. Next key supports below 8,150 are at 8,100 and 8,000 levels. And the resistance to the up move is at 8200-8250-8290-8330 levels.

TOP GAINERS:  Aurobindo Pharma, Bosch, GAIL, Sun Pharma, ITC, Power Grid

TOP LOSERS:  BPCL, Bajaj Auto, ONGC, Tata Steel, Dr. Reddy's, Tata Motors ,HDFC Bank

TRADE IDEA ON YESBANK FUTURE FOR 30 DEC 2016

“BUY YESBANK ABOVE 1140 TGT 1165/1180 SL 1110”

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

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 1140 as the stock is managing to sustain above the level of 1150. One may get the targets of 1165,1200 in the stock with the stop loss of 1110.

NIFTY SETTLES ABOVE 8,100, SENSEX GAINS 155 POINTS

The Sensex ended with a gain of 155 points at 26,366. The  Sensex opened at 26,429 touched an intra-day high of 26,430 and low of 26,168.The Nifty closed with a gain of 69 points at 8,104. The  Nifty opened at 8,031 hitting a high of 8,111 and low of 8,021. The Sensex and Nifty recovered from recent losses to close at their highest in more than one week on Thursday, after a volatile trading session ahead of the expiry of monthly derivative contracts.The Nifty started the December derivatives expiry session at 8,028 and recorded an intra-day low at 8,025 levels. Subsequently, witnessing buying interest, the contract entered the positive territory by breaching the immediate resistance at 8,031. The contract marked an intra-day high at 8,109.Conversely, the Nifty can bring back selling pressure on a strong slump below 8,025.                                                                          

           Technically,

NIFTY ENTERS POSITIVE TREND, GO LONG AT DIPS

"BUY ZEEL ABOVE 451 TGT 460/466 SL 438"

The Sensex ended with a mere loss of three points at 26,211. The Sensex opened at 26,243 touched an intra-day high of 26,415 and low of 26,192. The Nifty closed with a marginal gain of two points at 8,035. The Nifty opened at 8,048 hitting a high of 8,101 and low of 8,028.The Sensex, Nifty closed flat after paring all of their intraday gains in the last hour of trade dragged lower by a sell-off in oil and gas companies on Wednesday and ahead of the expiry of futures and options contracts of the December series due tomorrow. Weak global cues and a weak rupee dampened the sentiment. 

                                               Technically, Traders can go long at every dip in the market with strict stoploss at 7893 levels on closing basis. Traders should note that this positive rally is for very short term but for now traders can go long at every dip in the market until market again see reversal. On the other hand, if the nifty reverses lower from 8,120 a corrective fall to 8,160 or 8,150 is possible.  and downside be alert below 7990 and avoid all longs below that level as selling may intensify below that level. The support for the Nifty is 7993-7970-7897-7800 and the resistance to the up move is at 8053-8079-8105-8154 levels.

TOP GAINERS:  Bharti Infratel, Coal India, Idea Cellular, IndusInd Bank, Tech Mahindra

TOP LOSERS:  Tata Motors DVR, Yes Bank, Reliance Industries, Hero MotoCorp, Ambuja 

YESTERDAY’S RECOMMENDATION UPDATE:

YESTERDAY'S LT ALMOST HIT TGT 1360 MADE HIGH OF 1357.45
DAILY PROFIT: 12450 IN JUST TWO LOT
Nifty reclaims 8,000 mark; ENDS BELOW 8050

The  Sensex ended with a gain of 406 points at 26,213. The Sensex opened at 25,815 touched an intra-day high of 26,249 and low of 25,803.The Nifty closed with a gain of 125 points at 8,033. The Nifty opened at 7,915 hitting a high of 8,045 and low of 7,904. The Indian stocks market rallied on Tuesday on account of buying of some blue-chip counters, which were heavily over-sold in last few trading sessions and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday. Technically, The support for the Nifty is 7897-7800-7777-7645 and the resistance to the up move is at 8024-8053-8079-8100-8150 levels.

TOP GAINERS:  Bosch, ITC, Tata Steel, Aurobindo Pharma, Hindalco, Adani Ports,

TOP LOSERS:  GAIL, Grasim, Kotak Mahindra Bank and IndusInd Bank