TECHNICAL ANALYSIS OF MOTHERSUMI FOR 18 MAY

APOLLOHOSP IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BULLISH MOMENTUM: HIT TGT 1355 MADE HIGH OF 1363.55 BUY AT 1347

LOT SIZE: 400                                                      

TOTAL PROFIT: 13240 IN JUST TWO LOT

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

FUTURE :

“BUY MOTHERSUMI ABOVE 294 TGT 300/310”

 “SELL MOTHERSUMI BELOW 280 TGT 270/260”

DAILY CHART FOR MOTHERSUMI:

The Sensex ended with a gain of 120 points at 25,775. The Sensex opened at 25,756 touched an intra-day high of 25,927 and low of 25,734. The Nifty closed with a gain of 30 points at 7,891. The Nifty opened at 7,897 hitting a high of 7,940 and low of 7,880. Markets came off their day's high on profit taking at higher levels. Meanwhile, exit polls which indicated BJP emerging victorious in the Assam assembly polls boosted investor sentiment. The Nifty continues to hover close to its own 200-Day Moving Average (200-DMA). It has moved above and slid below without a decisive swing in either direction. This volatile behaviour makes it very hard to definitively call the long-term trend. However, breadth and volume indicators look positive. Ideally, the Nifty should move, say three per cent (200 points or so) above the 200-DMA (the simple 200-DMA is at around 7,820). But, the index has, so far, failed to cross resistance at around 8,000. Equally true, a pullback to 200 points below the 200-DMA could mean this entire rally would be accounted a false breakout. Indian Stock Market would open positive. Technically,

Indian Stock Market is still in positive zone. Nifty is strongly holding 7780 levels by closing. It would still be considered as strong support to work with. Traders can hold long positions with strict stoploss of 7780 levels by closing. Next logical targets for Nifty would be 7926-7980 levels which would be the strong resistance for Nifty. Breaching levels of 8000 by closing would force market to see sharp breakout from the current range. Nifty would see strong support at 7815-7780-7730-7715 whereas strong resistance would be seen at 7896-7926-7980 levels.

TOP GAINERS:ONGC, Axis Bank, HDFC, GAIL, Hero MotoCorp, L&T and Asian Paints

TOP LOSERS:NTPC, HUL, Bharti Airtel, Tata Motors, Adani Ports, SBI and Tata Steel