Friday, September 22, 2017
Thursday, September 21, 2017
SENSEX ENDS MARGINALLY LOWER , NIFTY ABOVE 10,100
The Sensex on Thursday fell by 30 points
to 32,370, extending losses for a third day, due to capital outflows by foreign
funds after the US Federal Reserve announced plan to wind down stimulus
measures and hinted at another interest rate. Market end flat after pharma stocks rallied on positive corporate announcements.
The Nifty Pharma index rose over 3% hitting 7-week high on
Thursday. And Banking
stocks fell. Andhra Bank fell 4%, Bank of India 3%, Syndicate Bank 2.6%,
Karnataka Bank 2.6%, Punjab National Bank 2.3%, Canara Bank 2.1%, Allahabad
Bank 2.1%, ICICI Bank 2%, Oriental Bank of Commerce 2%, Indian Bank 2%, Bank of
Baroda 1.8% and South Indian Bank 1.7%. Dr Reddy’s Laboratories Ltd
surged over 6.5% to Rs2,462.90
Wednesday, September 20, 2017
Tuesday, September 19, 2017
STOCK FUTURE TRADING TIP FOR 20 SEP 2017
BUY DIVISLAB ABOVE 870 TGT 885/895 SL 855
Primary
trend of the DIVISLAB 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 870 ; as the stock is
managing to trade above its 22& 50 and 200 days moving averages with the
RSI of 70, one may expect the targets of 885/895 in the stock if it manages to
sustain above the immediate strong support level of 800.
DAILY CHART FOR DIVISLAB
Monday, September 18, 2017
NIFTY CLOSES AT RECORD HIGH, SENSEX RISES 151 POINTS
The nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, and automobile firms leading the gains & came out on top, breaking out of a tight range they were trading for a couple of weeks, to end at fresh closing high. Nifty closed at all-time high of 10,181, up 79 points, or 0.78 per cent after shuttling between 10,188 and 10,140. It broke the previous record closing of 10,184. hit on August 1. Sensex also rose 151 points, or 0.47 per cent to end at 32,423, its highest closing since August 2 when it had settled at 32,476. During the day, it touched a high of 32,508.
Ø TOP GAINEERS:
·
Cadila Healthcare Ltd rose
1.2% to Rs 487
·
Nucleus Software Exports Ltd
rose 5.2% to Rs 314.55
·
Vascon Engineers Ltd rose
11% to Rs39.05
·
Bajaj Auto Ltd rose 3% to Rs
3113.75
Ø TOP LOSERS:
·
Tata Motors Ltd rose 2.1% to
Rs 409.85. BS Ltd fell 3%
·
Alkem Laboratories Ltd fell
3.2% to Rs 1750.
·
Reliance Communications Ltd
fell 2.2% to Rs 20.05.
§ Pharma stocks fell.
·
Divi’s Laboratories Ltd 7%,
·
Ipca Laboratories Ltd 3.1%,
·
Sun Pharmaceuticals
Industries Ltd 1.7%,
·
Alkem Lab 1.6%,
·
Dr Reddy’s Laboratories Ltd
1.1%,
·
Aurobindo Pharma 1.1%,
·
Wockhardt Ltd 0.6%.
Friday, September 15, 2017
MINDTREE BULLISH IN UPCOMING WEEK
BUY MINDTREE ABOVE 470 TGT 478/485 SL 458
After showing correction from the higher level (799) since long term , now stock is trading in short term recovery phase for medium term, it is likely to continue the upside move in near term with the crossing of the resistance level of 480 as the stock is managing to sustain above the level of 500. It is likely to continue the positive movement with the breakout of the pattern at the levels of 500. 22 days moving averages seen as support level with the RSI of 52,and also showing the breakout trendline. One may get the long term targets of 520,550 in mindtree with the stop loss of 458. Thus the trend of the MINDTREE in the short term, medium term and even the long term timeframe continues to remain upwards.and and 55&200 EMA seen as a resistance levels at 476 and 498.
DAILY CHART FOR MINDTREE
Subscribe to:
Posts (Atom)