TECHNICAL ANALYSIS OF JKCEMENT & DAILY CHART

FUTURE :

“BULLISH JKCEMENT ABOVE 685  TGT 700/730”

 “BEARISH JKCEMENT BELOW 660  TGT 635 /600”

DAILY RESISTANCE: 707, 739, 813, 887
DAILY PIVOT POINT: 665
DAILY SUPPORT:  633, 591, 517, 443

DAILY CHATS

UPCOMING EVENT: JKCEMENT

Board Meeting : Quarterly Results AGM 01/08/2015 - Rs.4.0000 per share(40%)Dividend.

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 707 as the stock is managing to sustain above the level of 700. One may get the targets of 730,750. it is likely to show correction with the breach of the support level of 660, where one may initiate the short position in it for the targets of 635.

Simple Moving Averages

Days	BSE	NSE
30	623.96	625.05
50	613.40	614.67
150	647.02	648.08
200	636.25	637.27

PROFIT SUMMARY FOR 31 JULY 2015

The Sensex rocketed 409 points or 1.4%  at 28,114 on Friday on continued across-the-board buying by participants as the August series in the derivatives segment began on a positive note. Nifty gained 111 points at 8,532 .on hopes of a rate cut by the RBI at its policy meet on August 4. The roadmap unveiled by the government for recapitalisation of PSU banks, encouraging Q1 results from heavyweights such as ICICI Bank, the cabinet nod for an amended GST bill and favourable cues from the Asian. most critical range for the day is between 8422 and 8404, and within that range the levels from 8404 through 8410 take greater significance in that they provide the initial strong support, which should not be broken either by a gap down opening or by heavy selling. Once this is held firmly, the bulls would be far more secure else they would face truckloads of problems. On the way up, the immediate supply zone for the Nifty rests between 8445 and 8470 and the major supply zone is located between 8525 and 8553 for the day. On the way down, major support rests from 8338 and 8302. On the other hand, BHEL, NTPC, Tata Steel and Cipla bucked the strong upmove. All the sectoral indices ended in the green, with the exception of the oil index.The rate-sensitive banking, auto and metal sectors led the way ahead of the RBI monetary policy scheduled on Tuesday.The banking sector was in the limelight through the day. ICICI Bank surged by 3.9% at Rs 302 after the private lender reported better-than-expected results for the June quarter. The PSU banking shares also registered stellar gains after the government announced its recapitialisation plans. The country largest largest lender State Bank of India soared by 5.2% at Rs 270 to top the gainers list. Among other public sector banking stocks, Union Bank of India, IDBI Bank, Canara Bank, Allahabad Bank, Bank of India, Oriental Bank of Commerce, Bank of Baroda and Andhra Bank gained upto 5% each.