TECHNICAL ANALYSIS OF GLENMARK 11 MARCH 2016

FUTURE TIP FOR 11 MARCH 2016

FUTURE:

"BUY GLENMARK ABOVE  830 TGT 840/850 "

"SELL GLENMARK BELOW 818 TGT 810/790 "

DAILY CHART FOR GLENMARK:

MARKET SUMMARY OF 01 MARCH 2016:

BSE Sensex ended with a loss of 171 points at 24,623. The  Sensex opened at 24,815 touched an intra-day high of 24,817 and low of 24,471. The Nifty closed with a loss of 46 points at 7,486. The Nifty opened at 7,545 hitting a high of 7,547 and low of 7,447. With some choppiness, and the kind of intraday pullbacks we have had in the past couple of days, there is a good chance that we will see higher levels. Overall, even if the Nifty50 does not go higher immediately, we are looking at rallies that should see the index possibly heading towards 7,680-7,700 levels. The idea should be to trade on the long side and use any intraday decline to add to your long positions.
TOP GAINERS:

MARUTI SUZUKI (1.2%), TATA STEEL (1.2%), CIPLA (1.1%), ONGC (0.9%), NTPC (0.8%) 

TOP LOSERS:

INFOSYS (2.6%), BHEL (1.9%), RIL (1.8%), L&T (1.8%), TCS (1.6%) 

Late rally lifts Sensex 135 pts, Nifty above 7500

Sensex ended with a gain of 134 points at 24,794. The Sensex opened at 24,257 touched an intra-day high of 24,819 and low of 24,452.The Nifty closed with a gain of 47 points at 7,530. The  Nifty opened at 7,436 hitting a high of 7,539 and low of 7,424. Nifty closed unchanged at 7485. So tomorrow on upside first resistance is at 7540-70 level. Next resistance are at ,7592-97,7613-18,7654-59,7678-83,7725-30,7784-89. On downside first support is at 7461-56 level. Next support are at 7438-33,7399-94,7358-53,7318-13,7300-95. Market is now back in bull side and next resistance zone is at 7590-7610 level .So today for intraday on upside intra resistance are at 7590 and 7630 level .On downside be alert below 7395 and avoid all intraday longs below that level . The market gained strength in late trade that helped Nifty end above 7500 for first time since February 1, supported partially by positive European cues and crude oil gains. Oil, infra, select auto and banks stocks aided upside. Maruti Suzuki, L&T, ONGC, Infosys, Axis Bank and Asian Paints are among the gainers, whereas HDFC, ITC, Tata Steel, Sun Pharma, Adani Ports and Dr.Reddy's are losing sheen on BSE.

Indian equity market started off the truncated week on a sloppy note

Sensex ended with a gain of 13 points at 24,659. The  Sensex opened at 24,655 touched an intra-day high of 24,793 and low of 24,509.The  Nifty closed at 7,485. The  Nifty opened at 7,486 hitting a high of 7,527 and low of 7,442. After enjoying the best weekly gains in the previous week, the Indian equity market started off the truncated week on a sloppy note. Indices, which had opened with gains were unable to carry forward the momentum as selling pressure in the banking, financials and IT stocks dragged the indices to close with marginal losses snapping a four-day winning streak. Nifty continued the bullish momentum to close at 7485. So today on upside first resistance is at 7519-24 level.Next resistance are at 7547-52,7578-83,7610. On downside first support is at 7451-46 level.Next support are at 7423-18,7392-87,7358-53. Cairn India, Hindalco, Vedanta, Lupin, GAIL, RIL, HDFC, Adani Ports and ITC were among the gainers , whereas Bank of Baroda, Maruti Suzuki, HCL Tech, HUL, SBI, Kotak Bank and PNB were among the losers today. 

WEEKLY TECHNICAL ANALYSIS OF WOCKPHARMA 08 MARCH 2016

LAST RECOMMENDATION:

VOLTAS IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FINAL TGT 240  MADE HIGH OF 248.00 BUY AT 225

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 48000 IN JUST TWO LOT

FUTURE :

“BUY WOCKPHARMA BELOW 920 TGT 950/1000”

WEEKLY CHART FOR WOCKPHARMA:

Primary trend of the stock is bullish and is consolidating at the lower level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 925, as the stock is sustaining above its 150 days moving averages. One may initiate the long position above the mentioned level for the targets of 1000.if it is likely to show correction with the breach of the support level of 800, where one may initiate the short position in it for the targets of 700

SENSEX & NIFTY HIT Target of 24500/7450 ,Heading Towards Final Mark of 25000/7600

Bumper rally continued for third consecutive session Thursday, taking the Nifty to one-month closing high on value buying post Union Budget. Today's rally could be on the back of hopes of NDA government getting some important bills (like GST) passed in parliament. Finally Sensex ended with a gain of 364 points at 24,607. The  Sensex opened at 24,387 touched an intra-day high of 24,641 and low of 24,383.The Nifty closed with a gain of 107 points at 7,476. The  Nifty opened at 7,430 hitting a high of 7,484 and low of 7,406.  After breaking past the 1-month supply zone of 7225-7250 on Wednesday, today's rally lifted the Nifty above its mid-point resistance of 7397 and also the 50DMA further strengthening the current upswing. Going ahead, we see Nifty attempting its immediate previous peak of 7600.”

WEEKLY UPDATE OF VOLTAS

LAST WEEKLY RECOMMENDATION:

VOLTAS IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FINAL TGT 240  MADE HIGH OF 245.00 BUY AT 225

LOT SIZE: 1600

WEEKLY TOTAL PROFIT: 48000 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

ZEEL ROCKSSSSSSSSSSSSSSS …!!!!!!!!!!!!

HIT FIRST TGT 400  MADE HIGH OF 400.65 BUY AT 395

LOT SIZE: 1300

WEEKLY TOTAL PROFIT: 13000 IN JUST TWO LOT

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DAILY CHART FOR VOLTAS & ZEEL:

TECHNICAL ANALYSIS OF ZEEL 02 MARCH 2016

FUTURE TIP FOR 02 MARCH 2016

FUTURE:

"BUY ZEEL  ABOVE  395 TGT 400/410 "

"SELL ZEEL BELOW 390 TGT 385/380 "

DAILY CHART FOR ZEEL:

MARKET SUMMARY OF 01 MARCH 2016:

The Sensex and Nifty post biggest single-days in absolute terms in 7 days. Sensex surged over 777 points on Tuesday to log its biggest points-wise gains since May 2009.  The Sensex was up 777 points or 3.4 percent at 23779, and the Nifty up 235.25 points or 3.4 percent at 7222. About 2010 shares advanced, 587 shares declined, and 116 shares were unchanged. . About 2009 shares have advanced, 587 shares declined, and 117 shares are unchanged. ITC was up 10 percent while ICICI Bank, Maruti, Hero and Adani Ports were top gainers. ONGC, HUL and Dr Reddy's Labs were losers in the Sensex. The Indian stock market rallied on the back of firm global markets.