WEEKLY BUY HEROMOTOCO FUTURE FOR 03-07 APRIL

buy HEROMOTOCO above 3250 tgt 3280/3330 sl 3210

Primary trend of the HEROMOTOCO is bullish and it is near to give breakout of its MONTHLY PIVORT POINT range bound movement of 3260, 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 3260; as the stock is managing to trade above its 55&200 days moving averages with the RSI of 45, one may expect the targets of 3280/3330 in the stock if it manages to sustain above the immediate support level of 3200.22 EMA at 3280 seen as a first resistance level .

Market In Positive Momentum, Hold Long Positions Or Buy At Dips

The surged to an intraday high of 9,208 after opening at 9,185. However, it failed to sustain higher and has come-off from the day’s high.Immediate support is at 9,175. A break below it

YESTERDAY’S RECOMMENDATION UPDATE:

MOTHERSUMI ALMOST HIT FINAL TGT 382 MADE HIGH OF 381.35

 BUY GIVEN AT 372

LOT SIZE: 2500

NOW TOTAL PROFIT: 32750 IN JUST 2 LOT

BUY tcs ABOVE 2450 TGT 2480/2490 SL 2410

Primary trend of  TCS is bearish and, BUT it is forming reversal pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 2460 at 22 EMA of resistance level . and 55&200 days moving averages seen as support level with the RSI of 50, one may expect the targets of 2480/2490 in the stock if it manages to sustain above the immediate support level of 2450.

YESTERDAY’S RECOMMENDATION UPDATE:

JETAIRWAYS almost HIT  final TGT 518 MADE HIGH OF 517.35

 BUY GIVEN AT 503

LOT SIZE: 1000

NOW TOTAL PROFIT: 28700 IN JUST 2 LOT

Buy MOTHERSUMI above 372 tgt 378/382 sl 365

Primary trend of the MOTHERSUMI is bullish and after giving breakout of its MONTHLY PIVORT POINT 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 370 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 67, one may expect the targets of 378/385 in the stock if it manages to sustain above the immediate support level of 370.first resistance level seen on charts at 382.

Go Long Until Nifty Closes Below 9020

Sensex ended at 29,409, up 172 points, while Nifty closed at 9,100, up 55 points.  Technically, Nifty is still in negative zone. Closing below 9020 would force Nifty to see sharp downfall but until Nifty holds 9020, there is strong chances of sharp bounce in the market. Once Nifty closes above 9123 levels, market would move towards new highs but until then sideways movement would be seen. Traders can go long at dips until Nifty holds 9020 on closing basis.

BEST STOCK FUTURE TO TRADE ON 28 MAR 2017

buy JETAIRWAYS above 503 tgt 512/518 sl 495

Primary trend of the JETAIRWAYS is bullish and after giving breakout of its MONTHLY PIVORT POINT 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 500 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 73, one may expect the targets of 512/528 in the stock if it manages to sustain above the immediate support level of 500.first resistance level seen on charts at 530.

WEEKLY STOCK TIP "SELL LT FUTURE"

AXISBANK GIVEN ON 22 MARCH POST HIT  FINAL TGT 495 MADE HIGH OF 497.15

LOT SIZE: 1200

NOW TOTAL PROFIT: 27960 IN JUST 2 LOT

sell lt below 1555 tgt 1520/1490 sl 1585

The stock is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1555, where one may initiate the short position in it for the targets of 1520/1490 while stop loss can be placed at 1585.All the 22,55 &200 EMA seen on chart as support levels at 1520/1490/1440 with RSI of 60.

INITIATE SHORT POSITIONS ONLY IF THE CONTRACT FALLS BELOW 9,060 LEVELS

YESTERDAY'S AXISBANK HIT  TGT 488 MADE HIGH OF 491

LOT SIZE: 1200

NOW TOTAL PROFIT: 18600 IN JUST 2 LOT

Nifty snaps 3-day losing streak, ends 56 pts higher

The Nifty opened the session at 9,068 levels and extended its upmove to record an intra-day high at 9,121 levels. The contract has marked an intra-day low at 9,061 levels.Indices snapped three sessions long losing streak to end higher .Technically, we may see some short covering rally but the trend would still be considered negative until Nifty closes above 9123 levels . Conversely, the contract needs to decisively move beyond 9,123 levels to reinforce the bullish momentum and take the contract higher to 9,150 and 9,180 levels in the near future. Traders can wait for some short covering rally and can again go short at higher levels. Remember that overall market is bullish and this is just a correction that may end once the gap that was created on March 14, 2017 is filled up. Strong selling would be only seen when Nifty closes below 8970 levels. Until then sell on rally and book profits on dips. Range for Nifty is 8970 on the downside and 9123 in the positive direction. Breakout from the range would be seen once market closes above or below any of these levels.

BULLISH TRADE IDEA FOR AXISBANK FUTURE FOR 22 MAR

BUY AXISBANK ABOVE 480 TGT 488/495 SL 470

Primary trend of the AXISBANK  is bearish and after giving breakout of its MONTHLY PIVORT POINT level of 500 range bound movement, it is forming reversal pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 495 .22 and 55&200 days all moving averages seen as resistance level with the RSI of 40, one may expect the targets of 500/510 in the stock if it manages to sustain above the immediate support level of 470.

Nifty Entered into Negative Zone  Initiate Short Positions

Sensex ended lower by 317 points or 1.08 per cent at 29,167 and Nifty closed down by 91 points or 1.00 per cent at 9,030.Technically, Today, Nifty was entering into negative zone. Market is expected to see sharp downfall and looks like it would fill up the gap that was generated on March 14, 2017, before resuming further positive rally. Now, every