TECHNICAL ANALYSIS FOR ZEEL AND DAILY CHART

HAVELLS ALMOST HIT FIRST TGT 242 MADE LOW OF 241 SELL AT AT 250

FUTURE :

“BULLISH ZEEL ABOVE 400 TGT  404/410”

“BEARISH ZEEL BELOW 397 TGT 394/390”

DAILY CHAT FOR ZEEL:

DAILY & WEEKLY SUPPORT AND RESISTANCE FOR ZEEL:

ZEEL levels generated based on 2015-12-04 data for the next trading day.

DAILY R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
Levels 421	418	416	414	413	412	410	409	408	406	403

ZEEL Weekly levels generated for the week starting from 2015-11-30

Weekly	R4	R3	R2	R1	REV	BULL	LOC	BEAR	REV	S1	S2	S3	S4
Levels	438	433	425	421	415	413	412	410	408	403	398	393	390

MARKET SUMMARY FOR 04 DEC 2015

Nifty Future failed to clear the 7950 resistance attempted in the latter half of the session and tumbled to close the day in the red, below the 7900 level. A decisive breach of the 7880 region will signal fresh bearishness and accentuate the downswing leading to retest of the 7835, 7817-7806 region. Below 7817 level, further offloading by the bulls is likely as the bears tighten their grip. If, however, 7800-7820 region holds, a weak pull back to the 7920 region may be expected. It must clear the 8005 region decisively for signaling that it is out of the woods which seems to be a tall order for now.

TOP GAINERS AND LOSERS ARE:

Top Gainers:
SUN PHARMA (4.0%), TATA STEEL (0.8%), BHEL (0.6%), HINDALCO (0.4%), COAL INDIA (0.2%)
Top Losers:
M&M (2.4%), HDFC (2.2%), ICICI BANK (1.6%), ITC (1.5%), NTPC (1.3%)