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Monday, 29 February 2016

MARKET SUMMARY OF 29 FEB 2016


After a volatile ride, the market has ended with  major loses. The Sensex ended down 152.30 points or 0.7 percent at 23002, and the Nifty slipped 42.70 points or 0.6 percent at 6987.05. About 1090 shares have advanced, 1390 shares declined, and 159 shares were unchanged. ONGC, BHEL, Maruti, Infosys and L&T were major losers while ICICI Bank, HDFC Bank, Reliance, SBI and Dr Reddy's Labs were major gainers in the Sensex. Arun Jaitley, while announcing Union Budget 2016, has tried to make provisions for all the stakeholders. While the focus remained largely on the farmers by providing norms that will give them double incomes by 2022, Budget has also focused on Make in India, Women employment, and medium to below poverty class people. Auto Industry did have its own share of ups and downs. Following is a brief description of important take always for the auto industry. It was also proposed to collect tax at source at the rate of 1% on purchase of luxury cars exceeding value of Rs. 10 lakh and purchase of goods and services in cash exceeding Rs. 2 lakh. This will lead to muted demand.

Friday, 26 February 2016

WEEKLY TECHNICAL ANALYSIS OF VOLTAS 29 FEB 2016

APOLLOTYRE IS ON FIREEEEEEEEE …!!!!!!!!!!!!
HIT FIRST TGT 154  MADE LOW OF 153.35 SELL AT 157
LOT SIZE: 3000
INTRADAY TOTAL PROFIT: 21900 IN JUST TWO LOT
FUTURE :
“BUY VOLTAS BELOW 225 TGT 230/240”
“SELL VOLTAS BELOW 217 TGT 214/205”
WEEKLY CHART FOR VOLTAS:

Primary trend of the stock is bullish and is consolidating at the lower level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 225, as the stock is sustaining above its 200  days moving averages. One may initiate the long position above the mentioned level for the targets of 240.if  it is likely to show correction with the breach of the support level of 217, where one may initiate the short position in it for the targets of 205.

Thursday, 25 February 2016

TECHNICAL ANALYSIS OF APOLLOTYRE 25 FEB 2016

FUTURE TIP FOR 24 FEB 2016
FUTURE:
"BUY APOLLOTYRE  ABOVE 160 TGT 164/170 "
"SELL APOLLOTYRE BELOW 157 TGT 154/150 "
DAILY CHART FOR APOLLOTYRE:

















MARKET SUMMARY OF 15 FEB 2016
Finally BSE Sensex ended with a loss of 113 points at 22,976. The BSE Sensex opened at 23,105, touched an intra-day high of 23,143 and low of 22,948.The NSE Nifty closed with a loss of 48 points at 6,971. The NSE Nifty opened at 7,030 hitting a high of 7,034 and low of 6,961.The Indian stock market fell for the third straight day after the Rail Budget 2016 failed to boost market sentiments. Selling pressure during F&O expiry saw the Nifty close at fresh 52-week low. The decline was led by the power, realty, capital goods, banking and utilities stocks. Even the mid-cap and small-cap stocks ended with losses. 
TOP GAINERS:

ONGC, SunPharma, HDFC, Idea Cellular.Coal India
TOP LOSERS:
Power Grid Corp, Yesbank, SBI,GAIL,ACC

Wednesday, 24 February 2016

Sensex, Nifty weak Markets to remain volatile ahead of F&O expiry

ABB ALMOST HIT FIRST TGT 1070 MADE LOW OF 1076.05!!!!!!!!!!!!!
Event Today: Rail Budget 2016 to be presented today and F&O Expiry  
Sensex ended with a loss of 321 points at 23,089. The  Sensex opened at 23,333, touched an intra-day high of 23,339 and low of 23,057.The Nifty closed with a loss of 91 points at 7,019. The  Nifty opened at 7,075 hitting a high of 7,091 and low of 7,010. Nifty, which opened with a gap down saw a smart pull back in the mid-afternoon trades. However, fresh selling pressure emerged and it could only intensify from here on. If Nifty violates an important support of 6960, another round of selling cannot be ruled out. In addition, we expect the volatility to amplify on account of F&O expiry. We advise investors to remain cautious before taking any long positions in the index. The losses in metal, pharma, industrial, capital goods, auto, power and banking counters weighed on the index. Railway stocks closed down on BSE ahead of the rail budget on Thursday.

Tuesday, 23 February 2016

TECHNICAL ANALYSIS OF ABB 24 FEB 2016

TIP FOR 24 FEB 2016

"BUY ABB  ABOVE 1100 TGT 1120/1150 "
"SELL ABB BELOW 1090 TGT 1070/1050 "
DAILY CHART FOR ABB:



















MARKET SUMMARY OF 15 FEB 2016

Finally  Sensex ended with a loss of 379 points at 23,410. The  Sensex opened at 23,850, touched an intra-day high of 23,852 and low of 23,370.The  Nifty closed with a loss of 125 points at 7,110. The Nifty opened at 7,240 hitting a high of 7,242 and low of 7,099.  The two key important ranges--placed so close by, one between 7217 and 7226, and the other between 7174 and 718--would determine the probable course of price movement during the trading session. If were to see the upper range being taken out firmly, we can also expect even the canonized level of 7241 getting taken out as well while the lower range, if taken out decisively, would see more weakness coming in,

Monday, 22 February 2016

Sensex ends 80 points higher, Nifty holds 7,200

Just when it seemed that the Bulls had thrown in the towel, market staged a smart recovery to help Nifty reclaim 7200. As expected, Market took support at the 200WMA and bounced back. We are witnessing a Corrective rally which seems headed towards Resistance zone of 7323-7363. One should not confuse this rally as a reversal of trend as it is only a pull-back rally, which has its genesis in short covering and not fresh buying. Hence there are very bright chances that this rally will be sold into and Nifty may slip well below 7000 again. The Indian equity market has rallied for the fourth consecutive sessions. Finally  Sensex ended with a gain of 80 points at 23,789. The  Sensex opened at 23,783, touched an intra-day high of 23,855 and low of 23,675.The  Nifty closed with a gain of 25 points at 7,236. The  Nifty opened at 7,209 hitting a high of 7,252 and low of 7,201.
TOP GAINERS:
HUL, BOSCH, UltraTech Cement, ZEEL, Sun Pharmaceuticals, RIL, Dr.Reddy's, Asian Paints, Grasim  Industries and ONGC
TOP LOSERS:
Tech Mahindra, NTPC, GAIL, ITC, Maruti Suzuki, Adani Ports and Power Grid 

Friday, 19 February 2016

WEEKLY UPDATE OF WIPRO

LAST WEEKLY RECOMMENDATION:
WIPRO IS ON FIREEEEEEEEE …!!!!!!!!!!!!
HIT FIRST TGT 540  MADE HIGH OF 548.80 BUY AT 520
LOT SIZE: 1000
WEEKLY TOTAL PROFIT: 57600 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
WEEKLY CHART FOR WIPRO:

Thursday, 18 February 2016

Nifty settles above 7,150 Sensex up 267 pts

WIPRO ALMOST HIT FINAL TGT 545 MADE HIGH OF 543 !!!!!!!!!!!!!!!!!!
On Thursday, the Sensex had gained 189.90 points to 23,381, while the Nifty50 was up 60.20 points to close at 7,108. The  Sensex opened at 23,536, touched an intra-day high of 23,735 and low of 22,481. It finally ended with a gain of 267 points at 23,649.The Nifty opened at 7,177 hitting a high of 7,215 and low of 7,128, before ending with a gain of 83 points at 7,192.
The India VIX (Volatility) index was down 2.61% to 21.5525. In broader market with the benchmark indices with the BSE midcap and smallcap indices closed up by 0.63% and 0.59%, respectively. On the global front, Asian stock markets surged significantly on rising crude oil prices and expectations of the US Federal Reserve’s measure to bring some stability in global economy. However, Chinese markets reeled under selling pressure. China's Shanghai Composite index closed marginally down 0.16% and Hang Seng up 2.3%.In Europe, the FTSE 100 marginally trading down marginally. On the other hand, DAX and the CAC 40 were up.
Top Gainers:
DR. REDDYS LAB (4.9%), L&T (3.8%), ONGC (3.2%), HERO MOTOCORP (3.1%), ICICI BANK (2.6%)
Top Losers:
ASIAN PAINTS (1.3%), MARUTI SUZUKI (1.2%), BHEL (0.9%), HDFC (0.7%), BHARTI AIRTEL (0.3%)
 

Wednesday, 17 February 2016

Late rally lifts Sensex 190 points, Nifty50 tops 7,100

"BUY WIPRO ABOVE 531 TGT 536/545" 
Buying in the last hour of trade amid firm European markets helped domestic benchmark indices  Sensex and  Nifty to close the day in positive zone in a volatile trading session. The Sensex opened at 23,237, touched an intra-day high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at 23, 382.The Nifty opened at 7,059 hitting a high of 7,117 and low of 6,961, before ending with a gain of 60 points at 7,108.Asian markets ended mostly lower on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. Japanese stocks fell in choppy trade as the yen broke from its fragile weakening trend against the US dollar after a rebound in crude oil prices fizzled and revived demand for the safe-haven Japanese currency.

Tuesday, 16 February 2016

MARKET SUMMARY OF 16 FEB 2016

The Sensex opened at 23,689, touched an intra-day high of 23,692 and low of 23,165. It finally ended with a loss of 362 points at 23,191.The  Nifty opened at 7,201 hitting a high of 7,205 and low of 7,038, before ending with a loss of 115 points at 7,048. The sharp selloff pushed the Nifty50 below its crucial support level of 7,100, which closed marginally above 7,000. The index has an important support at 6,936-7,050 level and if it slips below that, further correction cannot be ruled out. All the sectoral indices ended with losses. The Capital Goods index was the top loser, followed by BSE realty, telecom, oil & gas and healthcare index. Consumer durables, banking, auto and FMCG index was among the other major losers. Even the Small-Cap and Mid-Cap stocks were not spared.
TOP GAINERS:
Adani Ports, NTPC, Hero MotoCorp, Power Grid, IndusInd Bank, Dr.Reddy's Lab and Cairn India
TOP LOSERS:
SBI, ZEEL, Bank of Baroda, PNB, Vedanta, Tata Motors and BHEL 

Monday, 15 February 2016

MARKET SUMMARY OF 15 FEB 2016

The  Sensex opened at 23,223, touched an intra-day high of 23,623 and low of 23,198. It finally ended with a gain of 568 points at 23,554.The  Nifty opened at 7,057 hitting a high of 7,183 and low of 7,057, before ending with a gain of 182 points at 7,163.95. There is a clear short term bottom in place in the index. It has risen from an important Gain angle, and the bottom has happened with a long-tailed hammer line in candlestick parlance. However, there are no clear indications as yet to suggest that it is going to be final bottom for this bear market. In any case, we are in for, at least, bit of a bounce this week. The most critical zone for the day would be between 7023 and 7057; its real test would come when it tries to clear the zone between 7135 – 7210—once this zone is decisively taken out, the market would see the next round of short covering rally.
TOP GAINERS:
Bank of Baroda, Vedanta, Tata Steel, Hindalco, L&T, SBI, Adani Ports and Coal India
TOP LOSERS:
Bharti Airtel, HUL, Idea Cellular and HDFC

Friday, 12 February 2016

TECHNICAL ANALYSIS OF WIPRO 15 FEB 2016

LAST WEEKLY RECOMMENDATION:
MARUTI IS ON FIREEEEEEEEE …!!!!!!!!!!!!
HIT FINAL TGT 3500  MADE LOW OF 3470.55 SELL AT 3750
LOT SIZE: 125
WEEKLY TOTAL PROFIT: 62500 IN JUST TWO LOT
FUTURE :
“BUY WIPRO BELOW 520 TGT 540/580”
“SELL WIPRO BELOW 510 TGT 480/450”
WEEKLY CHART FOR WIPRO:

Thursday, 11 February 2016

WEEKLY UPDATE OF MARUTI:

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

Wednesday, 10 February 2016

YESTERDAY'S UPDATE OF YESBANK

LAST RECOMMENDATION GIVEN ON 04 FEB 2016:
YESBANK IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!
IN BEARISH MOMENTUM:  HIT FIRST TGT 740 MADE LOW OF 735 SELL  AT 748
LOT SIZE: 700
TOTAL INTRA DAY PROFIT: 11200 IN JUST TWO LOT
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
INTRADAY CHART FOR YESBANK:

Tuesday, 9 February 2016

TECHNICAL ANALYSIS OF YESBANK 10 FEB 2016

LAST RECOMMENDATION GIVEN ON 08 FEB 2016:
WIPRO IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!
IN BEARISH MOMENTUM : WIPRO HIT FIRST TGT 540 MADE LOW OF 535
LOT SIZE: 1000
FUTURE TIP FOR 10 FEB 2016
FUTURE:
"BUY YESBANK  ABOVE 760 TGT 767/760 "
"SELL YESBANK BELOW 752 TGT 745/740 "
DAILY CHART FOR YESBANK:



















MARKET SUMMARY OF 28 JAN 2016
The Sensex and Nifty slipped over 1% for the second consecutive session on account of weak cues from the global markets.  IT stocks led the decline after a disappointing quarterly forecast from Cognizant. Cognizant forecast its slowest quarterly revenue growth in 14 years.  Sensex ended with a loss of 266 points at 24,021. It had opened at 24,077, touched an intra-day high of 24,111 and low of 23,919. Nifty ended with a loss of 89 points at 7,298. It had opened at 7,304 hitting a high of 7,323 and low of 7,275.

Monday, 8 February 2016

TECHNICAL ANALYSIS OF WIPRO 05 JAN 2016

FUTURE:
"BUY WIPRO  ABOVE 550 TGT 555/565 "
"SELL WIPRO BELOW 545 TGT 540/530 "
DAILY CHART FOR WIPRO:
MARKET SUMMARY OF 08 FEB 2016:
The Sensex opened at 24,637, touched an intra-day high of 24,699 and low of 24,261. It finally ended with a loss of 330 points at 24,287.The Nifty opened at 7,490 hitting a high of 7,513 and low of 7,363, before ending with a loss of 102 points at 7,387. The Indian equity market closed deep in the red as a massive sell-off in the closing hour of trade dragged the NSE Nifty to end below the 7400 mark on Monday.

Saturday, 6 February 2016

SKSMICRO IS ON FIREEEEEEEEE …!!!!!!!!!!!!
ALMOST HIT FINAL TGT 570  MADE HIGH OF 568.30 BUY AT 527
LOT SIZE: 1000
WEEKLY TOTAL PROFIT: 82600 IN JUST TWO LOT
FUTURE :
 “SELL MARUTI BELOW 3750 TGT 3650/3500”

WEEKLY CHART FOR MARUTI:


















Charts usually tell us what is going to happen. Maruti is probably going to see lower levels." Maruti Suzuki   has started its 2016 sales performance on a disappointing note. The country's largest car manufacturer sold 1.13 lakh vehicles in January, down 2.6 percent compared to 1.16 units sold in same period last year. The stock declined 3 percent intraday. "Domestic sales would have been higher, but lesser number of working days in January 2016 impacted overall production and dispatch," the company reasoned.  Maruti exported 7,223 vehicles during the month, lower by a whopping 34.6 percent compared to 11,047 vehicles sold in year-ago period while domestic sales increased 0.8 percent to 1.06 lakh vehicles in same period.
Primary trend of the stock is bearish and is consolidating at the higher level after showing correction. It is expected to continue the bear run with the crossing of the support level of 3710, as the stock is sustaining below  its 55 and 22 days moving averages. One may initiate the short position below the mentioned level for the targets of 3500/3400 .

Friday, 5 February 2016

YESTERDAY'S UPDATE OF YESBANK

LAST RECOMMENDATION GIVEN ON 04 FEB 2016:
YESBANK IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!
IN BULLISH MOMENTUM: ALMOST HIT FIRST TGT 785 MADE HIGH OF 783 BUY AT 770
LOT SIZE: 700
TOTAL INTRA DAY PROFIT: 18200 IN JUST TWO LOT
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
INTRADAY CHART FOR YESBANK:



Thursday, 4 February 2016

TECHNICAL ANALYSIS OF YESBANK 05 JAN 2016

FUTURE:
"BUY YESBANK  ABOVE 770 TGT 778/785 "
"SELL YESBANK BELOW 757 TGT 750/740 "
DAILY CHART FOR YESBANK:














YES Bank Q3 results declared on 29 jan 2016, net up  25% despite high provisions, NII rises 27% Net interest income, the difference between interest earned and interest expended, grew by 27.3 percent to Rs 1,157 crore in quarter ended December 2015 compared to Rs 909 crore in year-ago period, driven by strong advances growth of 26.7 percent.
Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 792, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 800/820 .

Wednesday, 3 February 2016

TECHNICAL ANALYSIS OF ZEEL 04JAN 2016

FUTURE:
"BUY ZEEL ABOVE 407 TGT 413/418 "
"SELL ZEEL BELOW 400 TGT 395/390 "
DAILY CHART FOR ZEEL:
















MARKET SUMMARY OF 03 FEB 2016
Feb fumble! Sensex, Nifty tumble
Nifty ended with a loss of 94 points to close at 7,362. It has opened at 7,392 hitting a high of 7,419 and low of 7,350.  Sensex ended with a loss of 316 points and closed at 24,222. It opened at 24,394, touched an intra-day high of 24,409 and low of 24,214.The Indian equity market slipped lower for the third consecutive trading session on Wednesday. A sudden bout of selling pressure towards the end yet again dragged the indices to close near day’s low. Nifty has now declined over 3% in the past three days. Negative cues from equity markets across the globe and weakening Indian currency against the US dollar dragged the sentiment on Dalal Street. As was widely expected by market participants, the Reserve Bank of India (RBI) kept the interest rates unchanged,