WEEKLY STOCK FUTURE CALL FOR 07-11 MAY 2018

BUY APOLLOHOSP ABOVE 1115 TGT 1150/1175 SL 1050

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Market summary 03 MAY 2018:  Among the sectoral indices, realty, telecom and industrials traded higher, while metal, auto, energy and healthcare declined. MidCap and SmallCap fell 0.17% and 0.07%, respectively. Adani Ports, ONGC, SBI and IndusInd Bank were top gainers, whereas Asian Paints, Sun Pharma, Infosys and Bajaj Auto were among major losers. PC Jeweller Ltd shares rose 44.92% to Rs176. Bharti Airtel Ltd shares rose 2.65% to Rs415. JSW Energy Ltd shares fell 5% to Rs77. Hexaware Technologies Ltd shares fell 10.47% to Rs404. Godrej Properties Ltd shares rose 3.70% to Rs814.

Apollo Hospitals Enterprise Limited is a healthcare provider. The Company is engaged in offering healthcare services and operating standalone pharmacies. After showing correction

from the higher level, now APOLLOHOSP is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1115 .It is likely to continue the positive movement with the breakout of the resistance levels of 1140 at 200 ema . 22 and 55 days moving averages seen as support  level with the RSI of 52.  After breakout 200 EMA, One may get the targets of 1150,1175 in the stock with the stop loss of 1050.

DAILY CHART FOR APOLLOHOSP