NIFTY TOPS 8,500 TO ENDS AT FRESH 11-MONTH CLOSING HIGH

Markets extended gains on Tuesday with the benchmark Nifty surpassing the 8,500 mark to end at its highest closing level since August 2015. Stock market rallied ahead of IIP and inflation data to be released later in the day. After opening on a flat note indices remained under pressure and slipped lower in the first half. a sudden bout of buying in the metals, realty and banking stocks lifted the benchmarks to end at day's high. Even the Nifty Mid-Cap index closed at an all-time high  "The gains have been in tandem with a rally in global stocks and expectations of easy monetary policies by global central banks. Further, expectations of a reasonable first quarter earnings has also boosted sentiment. Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Market would see further positive movement. Traders should continue to hold long positions in Nifty and BankNifty. BankNifty would outperform Nifty in days to come.

DAILY TECHNICAL ANALYSIS OF MARUTI FOR 12 JULY

“BUY MARUTI ABOVE 4300 TGT 4315/4325”

“SELL MARUTI BELOW 4260 TGT 4240/4210”

DAILY CHART FOR MARUTI:

Primary trend of the MARUTI 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 4300 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 66.65, one may expect the targets of 4325 in the stock if it manages to sustain above the immediate support level of 8260.Today,Sensex ended with a gain of 500 points at 26,627. The Sensex opened at 26,358 touched an intra-day high of 26,647 and low of 26,358.23.The Nifty closed

WEEKLY TECHNICAL ANALYSIS OF YESBANK

“BUY YESBANK ABOVE 1125 TGT 1135/1145”

“SELL YESBANK BELOW 1110 TGT 1100/980”

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: LUPIN HIT TGT 1705  MADE A HIGH OF 1708.40

IN BEARISH MOMENTUM: LUPIN HIT TGT 1640  MADE A HIGH OF 1621.15

LOT SIZE: 300

DAILY TOTAL PROFIT: 28800 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

DAILY CHART FOR LUPIN:

Sensex ended with a loss of 75 points at 27,127. The Sensex opened at 27,292 touched an intra-day high of 27,295 and low of 27,034.The Nifty closed with a loss of 15 points at 8,323.

TECHNICAL ANALYSIS OF LUPIN FOR 08 JULY 2016

FUTURE:

“BUY LUPIN ABOVE 1692 TGT 1705/1720”

“SELL LUPIN BELOW 1675 TGT 1660/1640”

LAST DAILY RECOMMENDATION:

IN BULLISH MOMENTUM: WOCKPHARMA HIT  TGT 975 MADE A HIGH OF 973.70

IN BEARISH MOMENTUM: WOCKPHARMA HIT  TGT 945  MADE A HIGH OF 938.25

LOT SIZE: 600

DAILY TOTAL PROFIT: 22440 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

Sensex ended with a gain of 35 points at 27,201. The Sensex opened at 27,210 touched an intra-day high of 27,288 and low of 27,147.The Nifty closed almost flat at 8,338. The Nifty opened at 8,342 hitting a high of 8,362 and low of 8,318. The Indian stock market ended almost unchanged amid a lackluster day of trades. After enjoying a mid-week break, indices were stuck in a narrow trading range on Thursday.Nifty swung between gains and losses as worries over global economic growth stagnation continued to weigh on investor sentiment.

TOP GAINERS: Lupin, Hindalco, HUL, Dr. Reddy's, HDFC, Cipla, BPCL ,HDFC Bank

TOP LOSERS:  Tata Steel, HCL Tech, Zee Ent, TCS, Adani Ports and Tech Mahindra 

TECHNICAL ANALYSIS OF WOCKPHARMA FOR 08 JULY

FUTURE:

“BUY wockpharma ABOVE 965 TGT 975/990”

“SELL wockpharma BELOW 955 TGT 945/930”

DAILY CHART FOR wockpharma:

Sensex ended with a loss of 112 points at 27,167. The Sensex opened at 27,341 touched an intra-day high of 27,349 and low of 27,127.The Nifty closed with a loss of 35 points at 8,336. The Nifty opened at 8,379 hitting a high of 8,381 and low of 8,320. Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone. Some consolidation would be seen at this point of time and index may see some minor correction as well before moving further positive. Overall Market would remain positive but some temporary correction may be seen which would be an opportunity for traders to go long.

TOP GAINERS: Adani Ports, RIL, Tata Steel, SBI, ONGC, HDFC and Coal India 

TOP LOSERS:  Tata Motors, GAIL, Asian Paints, Bharti Airtel and NTPC

TECHNICAL ANALYSIS OF BANKBARODA FOR 05 JULY

FUTURE:

“BUY BANKBARODA ABOVE 162 TGT 164/166”

“SELL BANKBARODA BELOW 158 TGT 156/153”

Sensex ended with a gain of 134 points at 27,279. The Sensex opened at 27,314 touched an intra-day high of 27,385 and low of 27,251.The Nifty closed with a gain of 42 points at 8,371. The Nifty opened at 8,377 hitting a high of 8,398 and low of 8,365. A strong closing once again from the indices, however there was a late profit booking observed in many large cap names, notably looking at the pace of the last 5 days of straight momentum,I believe that the next key resistance for Nifty is at 8500-8550 mark and support from a very short term view could be upped at 8250 mark.

TOP GAINERS: BHEL, Adani Ports, Tata Mootors DVR, ICICI Bank, ONGC,Tata Motors

TOP LOSERS: ITC, Bosch, Kotak Mahindra Bank, IndusInd Bank and Grasim Industries

WEEKLY TECHNICAL ANALYSIS OF MARUTI

LAST WEELY RECOMMENDATION:

IN BULLISH MOMENTUM: STAR ROCKSS ALL HIT TGT 1100 MADE HIGH OF 1210

LOT SIZE: 500

DAILY TOTAL PROFIT: 35000 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

DAILY CHART FOR STAR:

FUTURE:

“BUY MARUTI ABOVE 4200 TGT 4250/4350”

“SELL MARUTI BELOW 4140 TGT 4100/4050”

After showing correction from the higher level, now stock 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 4200 as the stock is managing to sustain above the level of 4250. One may get the targets of 4300,4350 in the stock with the stop loss of 4140.