Check out Technical Report and Trading Call on UPL Future for Tomorrow

“BUY UPL ABOVE 706 TGT 720 SL 690”

TECHNICAL Basis for above call :

Primary trend of the stock is bullish and it may consolidating at the higher level .It is expected to continue the bull run with the crossing of the resistance level of 706, as the stock is sustaining above its 200 and 50&22 days moving averages with 65 RSI.One may initiate the long position above the mentioned level for the targets of 720 and with the strict stop loss of 690.

         Technically, Indian Stock Market is still in positive zone. For now, market would consolidate until Nifty breaches levels of 8450 on closing basis. Some profit booking can ruled out at this point of time as Nifty to face immediate resistance at 8460-8500 and Nifty would see trend reversal at 8351 levels. If Nifty closes below 8351 levels then traders can initiate fresh short positions. For now, traders can hold long positions with strict closing stoploss of 8351 for Nifty levels.

                                  So on upside first intra resistance are at 8450,8460,8484,8500. On downside first support is at 8380 level.Next support are at 8351,8320,8300,8250.

TOP GAINERS:  Adani Port, Idea, Tata Steel, Tata Motors, SBI and Bosch Limited

TOP LOSERS:  HCL Tech, Infosys, Eicher Motors, Tata Power and Sun pharma