Wednesday, June 8, 2016

TECHNICAL ANALYSIS OF WOCKPHARMA FOR 09 JUNE

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: RELINFRA HIT  TGT 550 MADE HIGH OF 552.40
LOT SIZE: 1300
WEEKLY TOTAL PROFIT: 32240 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
DAILY CHART FOR WOCKPHARMA:
FUTURE:
“BUY WOCKPHARMA ABOVE 970 TGT 980/1000”
“SELL WOCKPHARMA BELOW 955 TGT 945/920”
The Sensex ended with a gain of 11 points at 27,021. The Sensex opened at 27,085 touched an intra-day high of 27,105 and low of 26,973.The Nifty closed with a gain of mere seven points at 8,273. The Nifty opened at 8,286 hitting a high of 8,289 and low of 8,252. After opening on a flat note, indices were stuck in a narrow trading range throughout the day clocking in minuscule gains. warn markets will see periodic profit-taking, especially ahead of key events this month, including the US Federal Reserve policy meeting next week and Britain's June 23 referendum on whether to leave the European Union. The Sensex and Nifty ended flat as investors booked profits on recent outperformers, but defence stocks rose after the United States recognised the country as a “major defence partner” during Prime Minister Narendra Modi's ongoing US visit.
Nifty has made a bullish mat & hold pattern which suggest further bullish momentum will be sustained in incoming trading sessions. The bullish mat & hold pattern consist of 3- 5 candlesticks with reversal in short term trend while continuation of previous prevailing trend. Bears are continuously being squeezed out at every dips as we see higher levels going forward. Bulls have further opened the higher level to 8,350 – 8,400 in near term with OI data indicating the same as we see strong support formation at 8,150."
TOP GAINERS: Tata Power, HCL Tech, Ambuja Cement, Power Grid, Bank of Baroda, L&T, BHEL and ONGC

TOP LOSERS: Kotak Mahindra Bank, Infosys, Zee Ent, Asian Paints, Adani Ports, HDFC Bank and Yes Bank 

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