Friday, January 8, 2016

TECHNICAL ANALYSIS OF STAR 08 JAN 2016

GLENMARK IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!
HIT FIRST TGT 260 MADE LOW OF 859.15 SELL AT AT 270 
FUTURE TIP FOR 08 JAN 2016
FUTURE:
"BUY STAR ABOVE 1230 TGT 1240/1255 "
"SELL STAR BELOW 1222 TGT 1215/1200 "
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>>>>>>
MARKET SUMMARY OF 07 JAN 2016
The Sensex opened at 24,969, touched an intra-day high of 25,084 and low of 24,887. It finally ended with a gain of 83 points at 24,934.The  Nifty opened at 7,612 hitting a high of 7,634 and low of 7,581, before ending with a gain of 33 points at 7,601. Finally, the Street saw some respite after suffering for four consecutive trading sessions. The Indian equity market managed to close in positive terrain boosted by relatively stronger global cues. Value buying was seen in index heavy weights like Tata Motors, TCS, Infy, BPCL and Reliance Industries recovery in the rupee and firm Asian cues saw the indices to close with smart gains.  The coming week has a number of larger companies announcing their results. These include Infy, TCS, Indusind Bank and HUL. In line with its latest commentary, Infy would deliver a tepid growth of 1.4% qoq in CC terms during Q3 FY16 due to seasonality and lower spending by top clients. 
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR STAR:
STAR levels generated based on 2016-01-08 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
levels
1264
1250
1242
1236
1231
1225
1219
1213
1208
1199
1185
STAR Weekly levels generated for the week starting from 2016-01-04
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
S4
Levels
1406
1385
1351
1330
1305
1297
1290
1284
1276
1250
1229
1209
1196

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