Tuesday, June 28, 2016

TECHNICAL ANALYSIS OF CENTURYTEX FOR 28 JUNE

FUTURE:
“BUY CENTURYTEX ABOVE 645 TGT 650/655”
“SELL CENTURYTEX BELOW 635 TGT 630/325”
DAILY CHART FOR CENTURYTEX:
Sensex ended with a gain of 122 points at 26,524.55. The BSE Sensex opened at 26,411 touched an intra-day high of 26,583 and low of 26,378.The Nifty closed with a gain of 33 points at 8,128. The Nifty opened at 8,096 hitting a high of 8,146 and low of 8,1087. Indian Stock Market was open flat. Technically, Indian Stock Market is still in positive zone. Market may see some positive reaction after a flat opening but it would be considered positive . BankNifty closes above 17560 levels and Nifty closes above 8120 levels. Market managed to close above 8120 levels for Nifty and 17560 levels for BankNifty then it would enter into positive zone and traders should take long positions home. Until then all positive rally is a shorting opportunity. Nifty would see strong support at 8030-8000-7980-7940-7900 whereas strong resistance would be seen at 8120-8145-8180-8240 levels. 
TOP GAINERS: Lupin, ITC, HUL, Bharti Airtel, Cipla, L&T, HDFC Bank ,Coal India 
TOP LOSERS: Tata Motors, Wipro, ICICI Bank, TCS, Tata Steel and Cipla 

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