Monday, August 1, 2016

TECHNICAL ANALYSIS OF VOLTAS FOR 02 AUG 2016

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: ZEEL HIT FIRST TGT 510  MADE A HIGH OF 511.75
LOT SIZE: 1300
DAILY TOTAL PROFIT: 22750 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
“BUY VOLTAS ABOVE 371 TGT 374/380”
“SELL VOLTAS BELOW 365 TGT 361/355”

The Indian equity market closed with marginal losses on Monday erasing all its early gains. Sensex ended with a loss of 49 points at 28,003. The Sensex opened at 28,083 touched an intra-day high of 28,285 and low of 27,874.The Nifty closed with a loss of two points at 8,636. The Nifty opened at 8,654 hitting a high of 8,711 and low of 8,591. Nifty in its daily time series chart has formed a Doji pattern. Going forward key level to watch is 8,750-8,625. Market is expected to move much higher if it manages to move above the breakout level of 8,750. Important support is at 8,625-8,610 and resistance is visible around 8,700-8,750. Among domestic macro economic data, Services PMIdata is schedule to
announce on Wednesday which is expected to witnessed an uptick from previous level of 50.3. Meanwhile, investors are awaiting the progress on the Goods and Services Tax (GST) constitutional amendment bill in parliament. Government is planning to list GST bill for consideration and passage in Rajya Sabha's agenda this week".
TOP GAINERS: TCS, Bajaj Auto, Wipro, Maruti Suzuki, Tata Motors and Tata Steel 
TOP LOSERS:  ICICI Bank, L&T, Lupin, Coal India, NTPC and Sun Pharma

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