FUTURE:
“BUY RELCAPITAL
ABOVE 405 TGT 410/420”
“SELL RELCAPITAL
BELOW 390 TGT 385/375”
DAILY CHART FOR RELCAPITAL:
Sensex ended with a gain of 241
points at 26,867. The Sensex opened at 26,497 touched an intra-day high of
26,885 and low of 26,447.The Nifty closed with a gain of 68 points at
8,239. The Nifty opened at 8,116 hitting a high of 8,244 and low of 8,107.35.
Stock market in India started off the week on a bright note despite Reserve
Bank of India Governor Raghuram Rajan saying no to a second term. Indices which
opened with a gap down, recovered all its losses and managed to close almost
near day's high. Indian Stock Market was open Gap Negative. Technically, Indian Stock
Market is still in positive trend but RBI Governor, Raghuram Rajan’s
announcement on getting retired in September 2016 would force market to see a
sharp downfall.
Market may see sharp downfall today but looks to recover again
in days to come. This week is full of volatility as Brexit referendum on June
23, 2016 would also play important role in market
movement across the globe. If Britain chooses to exit the European Union, then
we may see around 10% downfall in days to come. But If Britain chooses to stay
in European Union then we would see a sharp positive rally. For now, traders
should book profits or go short and buy again at lower levels as Market is
expected to fell down sharply today.
TOP GAINERS: Tata Motors, Tata Steel, Tata
Motors DVR, Ambuja Cement, Infosys, TCS
TOP LOSERS: Axis Bank Asian Paints, ITC, Sun
Pharma, Eicher Motors, GAIL
Thanks for providing useful blog
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