MARKET STILL IN CONSOLIDATION AND READY TO SEE A BIG MOVE ; TRADE WITH CAUTION

WEEKLY RECOMMENDATION UPDATE:

IGL hit tgt 1060 made low of 1078.90

NOW toatal profit 53790

WOCKPHARMA RECOMMENDATION UPDATE:

GIVEN ON 29 MAY hit tgt 630

toatal intrady profit 36000

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Taking mixed cues from the Asian markets, the Nifty started the session almost on a flat note at 9,616. The Nifty remains volatile and recorded an intra-day low at 9,607 levels and an intra-day high at 9,641 levels. The contact could trade in the broad range between 9,600 and 9,630. As long as the contract trades in this range, traders should tread with caution and desist taking fresh positions. A strong breach on either side of this sideways range can give a near term direction for the contract. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would continue to remain strong

TATASTEEL FUTURE TRADING TIP FOR 31 MAY 2017

YESTERDAY’S RECOMMENDATION UPDATE:

wockpharma near tgt 630 made low of 628

you can hold for tgt 630,650  

toatal intrady profit 26400
BUY TATASTEEL ABOVE 516 TGT 522/528 SL 505

Primary trend of the stock is bullish and is consolidating at the higher level after bullish move. It is expected to continue the bull run with the crossing of the resistance level of 516, as the stock is sustaining above its 200 and 22& 50 days moving averages with the RSI of 70. One may initiate the long position above the mentioned level for the targets of 530 and with the strict stop loss of 505.on the other side it is likely to show correction with the breach of the support level of 505, where one may initiate the short position in it for the targets of 490,480 while stop loss can be placed at 520.

DAILY CHART FOR TATASTEEL

STOCK FUTURE TRADING TIP FOR 30 MAY 2017

BUY WOCKPHARMA ABOVE 600 TGT 630/650 SL 565

Wockpharma is looking weak on charts however it is accumulating above its major support level 550 and recently has given breakout of its previous major resistance level 600, now it has next resistance at the level of 650; it is likely to experience fresh buying with the crossing of mentioned level, where one may keep the targets of 630,650 in the stock with the stop loss of 565. Overall trend of the stock is bullish and after experiencing correction from the higher level. as it is managing to sustain below  its 22& 50 and 200 days moving averages with the RSI of 30. it is likely to show correction with the breach of the support level of 560, where one may initiate the short position in it for the targets of 540,530 while stop loss can be placed at 590.

DAILY CHART FOR WOCKPHARMA

WEEKLY STOCK FUTURE TRADING TIP

YESTERDAY’S RECOMMENDATION UPDATE:

MINDTREE hit tgt 548 made HIGH of 547.90

toatal intrady profit 18960

BUY IGL At 1030 TGT 1060/1090 SL 1000

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 1030 as the stock is managing to sustain above the level of 1000.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 1030. as the stock is sustaining above its 50&22 days moving averages with the RSI of 54,  One may get the targets of 1060,1090 in the stock with the stop loss of 1000. Primary trend of the IGL  is bullish. Long term Support level seen on  charts at 909 AT 200 EMA .

DAILY CHART FOR IGL

MINDTREE BULLISH IN UPCOMING WEEKK

BUY MINDTREE ABOVE 540 TGT 548/555 SL 525

After showing correction from the higher level (799) since long term , now stock is trading in short term recovery phase for medium term, it is likely to continue the upside move in near term with the crossing of the resistance level of 550 as the stock is managing to sustain above the level of 530.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 550. 22 and 55&200 days moving averages seen as supporte level with the RSI of 75,  One may get the long term targets of 570,600,750 in mindtree with the stop loss of 500. Thus the trend of the MINDTREE in the short term, medium term and even the long term timeframe continues to remain upwards.

DAILY CHART FOR mindtree

YESTERDAY’S RECOMMENDATION UPDATE:

GLENMARK hit tgt 635 made low of 627.75

toatal intraday profit 31150 in just 2 LOT

NIFTY Support: 9370-9336-9300

NIFTY Resistance: 9400-9450-9480-9500

market breadth, indicating overall TREND of market, remained negative

Technically, Indian Stock Market, including Nifty, Sensex and BankNifty are still in negative zone. We are into F&O Expiry week and we would see huge volatility ahead of F&O Expiry. Nifty has already breached its immediate support of 9380 levels. Some bounce can be seen from current levels but once Nifty breaches the levels of 9350, we would see some further downfall towards 9336-9300 levels. BankNifty possess some immediate support at 22500, breaching which, we would see some further slide in BankNifty. Overall, market is choppy and traders can go short at rally in the market. The downfall would not be very Deep, so keep booking profits continuously during the downside.

STOCK FUTURE TRADING TIP FOR 24 MAY 2017

SELL GLENMARK below 650 TG 635/620 SL 675

The GLENMARK is in downtrend  and is forming a continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 647, where one may initiate the short position in it for the targets of 635,620 while stop loss can be placed at 675 .22&55 and 200 EMA seen as resistance levels on intraday charts .Today, Pharma stocks were the biggest losers with Nifty Pharma posting sixth consecutive session of loss. The sectoral index fell over 3% dragged by Sun Pharma, Aurobino Plarma and Cipla.

DAILY CHART FOR GLENMARK