Wednesday, December 9, 2015

TECHNICAL ANALYSIS FOR YESBANK AND DAILY CHART

FUTURE :
“BULLISH YESBANK ABOVE 722 TGT  730/735”
“BEARISH YESBANK BELOW 715 TGT 708/700”
DAILY CHAT FOR YESBANK:
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR YESBANK:
YESBANK levels generated based on 2015-12-09 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
748
741
737
734
732
729
726
724
721
717
710
YESBANK Weekly levels generated for the week starting from 2015-12-07
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
784
777
765
758
749
747
744
742
740
731
724
716
712
MARKET SUMMARY FOR 09 DEC 2015

Sensex slipped 274 points, or 1.08 per cent, to close at 25,036 Nifty50 ended at 7,612, down 89 points, or 1.12 per cent. Vedanta and Tata Steel were the top losers in the benchmark. 
Bank nifty futures failed to cross the 17020-17030 resistance zone and tumbled to close the day in the red, below the psychological 17000 support region. It must now sustain decisively above 16980-17040 region to signal that the downswing is arrested and above the 17100 level to signal strength. The region between 17130 and 17300 is riddled with resistances and needs strong buying support to decisively cross this zone. Below, 16800, the slide is likely to continue as bears will tighten their grip and bulls will liquidate more positions and a test of the 16750-16710 region could well be on the cards. A decisive breach of 16625 is likely to bring in fresh panic supplies.
Top Gainers: 
BHEL (2.2%), TCS (1.5%), ITC (0.7%), ONGC (0.4%)
Top Losers:
VEDANTA (5.7%), TATA STEEL (3.4%), COAL INDIA (3.2%), HINDALCO (3.2%), BAJAJ AUTO (2.7%)



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