DILIP BUILDcON LIMITED IPO STARTING FROM 1ST AUGUST , 2016 TO 3RD AUGUST , 2016 AND PRICE RANGE RS.214 TO RS.219 AND MINIMUM QTY IS 65
Sunday, July 31, 2016
Friday, July 29, 2016
Thursday, July 28, 2016
Wednesday, July 27, 2016
Market technical
Market technical: The short term trend remains bullish whereas near term trend is expected to remain choppy. On the higher end 8660 will remain as crucial level. On the lower end support exists around the 13 EMA (pegged at 8525).
Tuesday, July 26, 2016
BANK NIFTY OUTLOOK
Bank Nifty remains closed slightly lower on the back of late hours selling.
On the higher end price moved above 19000 however, faced resistance at
19050 and closed below 19000. The short term bias remained positive; on
the higher end resistance remained intact at 19050. Closing above 19050 is
expected to induce more upsides. On the lower end good support seen at
18800.
On the higher end price moved above 19000 however, faced resistance at
19050 and closed below 19000. The short term bias remained positive; on
the higher end resistance remained intact at 19050. Closing above 19050 is
expected to induce more upsides. On the lower end good support seen at
18800.
NIFTY OUTLOOK
Price witnessed a range bound session in the first half followed by a
late hour selling. Daily stochastic is in bullish crossover. On the
lower end price found support around 3EMA and closed above it.
The overall short term trend remained bullish. On the higher end
price may move towards 8700. On the lower end trend will reverse
on a closing below 8480.
DILIP BUILD ON LIMITED IPO
DILIP BUILD ON LIMITED IPO STARTING FROM 1ST AUGUST , 2016 TO 3RD AUGUST , 2016 AND PRICE RANGE RS.214 TO RS.219 AND MINIMUM QTY IS 65
Monday, July 25, 2016
NIFTY OUTLOOK
Nifty started on a muted note but moved up strongly above the
resistance of 8578. On the higher end price moved towards 8660 and
made an intraday high of 8640. The weekly bearish trend nullified by
a strong closing on the first day of the week. The near term trend has
revered to positive. On the higher end price may move towards the
upper Bollinger band (currently pegged around 8745). On the lower
end closing basis support will remain at 8578.
resistance of 8578. On the higher end price moved towards 8660 and
made an intraday high of 8640. The weekly bearish trend nullified by
a strong closing on the first day of the week. The near term trend has
revered to positive. On the higher end price may move towards the
upper Bollinger band (currently pegged around 8745). On the lower
end closing basis support will remain at 8578.
Sunday, July 24, 2016
TRADING CALL
BUY DLF ABOVE 160 TGT 180 SL 154 TIME FRAME 10-15 DAYS
INTRADAY CALL BUY HINDPETRO AT 1210 TGT 1225-1235 SL 1199
INTRADAY CALL BUY HINDPETRO AT 1210 TGT 1225-1235 SL 1199
Weekly Technical
Technical Recommendations
Scrip (Cash) LTP B/S/H Entry Target Stop Loss Time Frame
NMDC 98.10 Buy Above 100.50 117 94.90 10-15 Days
PNB 120.15 Sell Below 118.80 100 123 10-15 Days
DLF 158.40 Buy Above 160 180 154 10-15 Days
Scrip (Cash) LTP B/S/H Entry Target Stop Loss Time Frame
NMDC 98.10 Buy Above 100.50 117 94.90 10-15 Days
PNB 120.15 Sell Below 118.80 100 123 10-15 Days
DLF 158.40 Buy Above 160 180 154 10-15 Days
Previous Recommendations
Scrip Trade Entry Target Stop
CADILAHC Buy Above 370 415 354 370 0.00% Open
HCLTECH Sell Below 705 640 731 Closed NI
ZEEL Buy Above 475 514 457 Closed NI
ABB Buy 1250-1230 1332/1375 1198 1310 4.80% Profit
PIDILITIND Buy 732 820 699 718* -1.91% Open
AARTIDRUGS Buy 483 538 463 505 496* 4.55% Profit
ASIANPAINTS Buy Above 1012 1065-1082 984 1025* 1.28% Profit
AJANTAPHARMA Buy Above 1535 1614 1489 1605 Closed 4.50% Profit
AXISBANK Buy 545-530 584 518 561.50 565* 3.78% Profit
KARURVYSYA Buy 475-490 541 464 523 532* 6.73% Profit
MUTHOOTFIN Buy 267-283 312 264 297 278* 5.30% Profit
MAXWELL Buy 58.80-53 75 49 70.75 Closed 20.20% Profit
SKSMICRO Buy 678-685 710/730 669 718 Closed 5.58% Profit
RENUKA Accumulate 15-17 27 13.40 16.75 Closed 4.67% Profit
HDFC Buy 1215-1235 1270/1320 1187 1250 Closed 2.04% Profit
Loss Avg. Exit Status Gain/Loss (%) Remark
PNB | Sell Below 118.80
In the weekly chart an engulfing pattern
has formed which is bearish reversal
pattern when formed after a rally. In the
daily chart it slipped to a support line;
breakdown below which may create
more selling pressure.
Price has slipped below 13 EMA; on the
lower end it may now fall down towards
55 EMA.
Daily RSI is in coming out from
overbought zone and MACD has entered
a bearish crossover.
has formed which is bearish reversal
pattern when formed after a rally. In the
daily chart it slipped to a support line;
breakdown below which may create
more selling pressure.
Price has slipped below 13 EMA; on the
lower end it may now fall down towards
55 EMA.
Daily RSI is in coming out from
overbought zone and MACD has entered
a bearish crossover.
NMDC | Buy Above 100.50
Price moved up after a downwards
consolidation and expected to give a
trendline breakout.
13 EMA 34 EMA and 55 EMA are in
bullish crossover.
Price moved above the 61.80% of the
previous fall and closed above that level
for two consecutive weeks. On the higher
end it may move towards 80% in the near
term.
Weekly RSI is in bullish crossover.
consolidation and expected to give a
trendline breakout.
13 EMA 34 EMA and 55 EMA are in
bullish crossover.
Price moved above the 61.80% of the
previous fall and closed above that level
for two consecutive weeks. On the higher
end it may move towards 80% in the near
term.
Weekly RSI is in bullish crossover.
Nifty | Volatility may rise
Nifty | Volatility may rise
Nifty remained range bound during the week.
In the weekly chart a subdued price action
backed by decent volume suggest long
unwinding. As per Japanese candlestick
studies a hanging man pattern is formed in
the weekly chart. The pattern is a bearish
reversal pattern and it will get confirmed if
next candle is bearish. The current trend is
bullish and it may be early to call it reversal;
however one needs to cautious at this
juncture. On the lower end 8480 may act as
support; upon sustaining below which price
may fall towards 8435/8345/8260. On the
other hand if price sustains trades above 8578
the hanging man pattern will be nullified and
price will move higher towards 8660‐8700.
Nifty remained range bound during the week.
In the weekly chart a subdued price action
backed by decent volume suggest long
unwinding. As per Japanese candlestick
studies a hanging man pattern is formed in
the weekly chart. The pattern is a bearish
reversal pattern and it will get confirmed if
next candle is bearish. The current trend is
bullish and it may be early to call it reversal;
however one needs to cautious at this
juncture. On the lower end 8480 may act as
support; upon sustaining below which price
may fall towards 8435/8345/8260. On the
other hand if price sustains trades above 8578
the hanging man pattern will be nullified and
price will move higher towards 8660‐8700.
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