Thursday, 5 April 2018

UJJIVAN FUTURE VIEW FOR 06-04-18

"BUY Ujjivan FUTURE ABOVE 380 TGT 386/398 SL 370"
All the sectoral indices ended higher led by metal, which was up 4.14%, followed by basic materials 3.18%, banks 2.78%, realty 2.55% and finance 2.39%. MidCap and SmallCap rose 1.88% and 1.87%, respectively. On NSE, PSU Bank gained 4.92%.The Reserve Bank of India (RBI) has kept interest rates unchanged, while maintaining a neutral monetary policy stance in the first monetary policy review of the current fiscal year on Thursday, amid a gradual recovery in growth and easing inflationthe rate at which the central bank infuses liquidity in the banking system—at 6%  in the first monetary policy review of the current fiscal year, its lowest since November 2010. The reverse repo rate also remained unchanged at 5.75%.        ADANIENT ,CANBK ,BANKINDIA ,JINDALSTEL, SYNDIBANK ,HINDALCO, BANKBARODA L&TFH, UJJIVAN, ALBK, WERE AMONG THE TOP GAINERS, RISING UP TO 6.10-11.13. STAR , BALRAMCHIN, CIPLA ,BOSCHLTD, CONCOR, MARICO, PCJEWELLER, OFSS, CADILAHC BHARTIARTL ,WERE AMONG THE TOP LOSERS, DOWN TO 0.27-4.31 PER CENT.
Ujjivan Financial Services Limited is a non-banking finance company engaged in the
micro finance lending business. Primary trend of the ujjivan  is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 380 ; Overall trend of the stock is bullish. As the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 62, one may expect the targets of 386/400 in the stock if it manages to sustain above the immediate support level of 375. 
DAILY CHART FOR UJJIVAN

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