TECHNICAL ANALYSIS OF STAR 20 JAN 2016

LAST RECOMMENDATION GIVEN ON 18 JAN 2016:

RELIANCE IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!

IN BEARISH MOMENTUM : RELIANCE HIT FIRST TGT 1020 MADE LOW OF 1016.30
LOT SIZE: 500

TOTAL INTRA DAY PROFIT: 15000 IN JUST TWO LOT

FUTURE TIP FOR 20 JAN 2016

FUTURE:

"BUY STAR  ABOVE 1050 TGT 1060/1075 "

"SELL STAR BELOW 1030 TGT 1020/1005 "

DAILY CHART FOR STAR:

MARKET SUMMARY OF 19 JAN 2016

The Indian equity market ended higher on Tuesday. All sectors on BSE ended in green. Industrial, Capital goods, banking and telecom stocks led the rally. The  Sensex opened at 24,257, touched an intra-day high of 24,563 and low of 24,247. It finally ended with a gain of 291 points at 254,480.The  Nifty opened at 7,382 hitting a high of 7,463 and low of 7,364, before ending with a gain of  84 points at 7,435.
On the global front, China's Shanghai Composite index closed rallied 3.2% and Hang Seng jumped 2%. In Europe, the FTSE 100 gained 1.7%. On the other hand, DAX and the CAC 40 were  up 2% each. Adani Ports, Axis Bank, Idea Cellular, Tata Motors, Yes Bank, Tata Power, Cairn India, Bharti Airtel and L&T were among the gainers on NSE, whereas M&M, Wipro, Power Grid, Maruti Suzuki, Tech Mahindra, ITC, Coal India and HCL Tech were among the losers today. Out of 1,781 stocks traded on the NSE, 470 declined and 1,083 advanced today.