PICK OF THE DAY 16-6-16

16-Jun-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY TATA SPONGE AT 664	685	700	656
FUTURES
BUY LT FUT AT 1515	1550	1580	1500

PICK OF THE DAY 15-6-16

15-Jun-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY MERCATOR AT 35	37	38	34
FUTURES
BUY PNB FUT AT 89	93	95	87

TECHNICAL OUTLOOK FOR 15-6-16

TECHNICAL OUTLOOK

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8108.85	8068 8005 7930	8140 8210 8275	RESISTANCE AT 8140.
BANK NIFTY	17672.40	17335 17170 16885	17770 18005 18188	RESISTANCE AT 17770.
ITC	353.30	347 343 338	354 358 363	MILDLY BULLISH.
REL INFRA	543.50	528 513 504	555 565 578	MILDLY BULLISH.
VEDL	114.75	111 107 103	118 122 126	SELL ON RALLY.
TCS	2534.85	2519 2480 2462	2580 2625 2660	SELL ON RALLY.
SAIL	45.05	43 41 40	46 47 49	MILDLY BULLISH.
SBI	207.70	203 198 193	212 216 220	SELL ON RALLY.
DLF	132.55	128 124 121	135 138 141	MILDLY BULLISH.
INFOSYS	1175.00	1159 1143 1119	1203 1222 1248	SELL ON RALLY.
TATA MOTORS	448.40	438 432 426	453 464 476	MILDLY BULLISH.
BHEL	121.40	116 114 109	126 129 132	SELL ON RALLY.
TATA STEEL	324.95	316 308 297	332 347 354	SELL ON RALLY.
WOCKPHARMA	919.90	905 887 876	932 953 969	SELL ON RALLY.
ONGC	212.80	211 204 198	217 223 229	SELL ON RALLY.
ICICIBANK	244.95	238 233 227	248 253 259	SELL ON RALLY.
RELCAPITAL	398.15	381 373 365	401 414 421	SELL ON RALLY.
RELIANCE	976.25	956 933 919	988 1001 1015	SELL ON RALLY.
HDIL	95.15	92 90 89	96 98 99	SELL ON RALLY.
MARUTI	4104.50	4073 4029 3992	4130 4165 4210	SELL ON RALLY.
HINDALCO	115.60	112 109 107	118 121 124	MILDLY BULLISH.
ACC	1539.95	1509 1489 1436	1577 1600 1637	MILDLY BULLISH.
LT	1460.55	1444 1395 1362	1490 1541 1588	MILDLY BULLISH.

Market Review for 15th June 2016

Nifty (8109) we said “technically now 8050-75 zones has become a resistance zone and downside to 8005 is possible” the market opened in the green and traded lower and closed flat for the day…technically the market still looks weak and now if it breaks 8064 then it could head down to 8005 or even 7937 but I would maintain that 8175-8200 is a stiff resistance zone to work with…

The support for the Nifty is at 8005-7937 and the resistance is at 8240-8200-8275

STOCK IDEAS FOR 14-6-16

Total stock specific approach advisable 8163 a nearest resistance for NF

BSE index: (26397) 26262-26203 a crucial support. Upward side 26523-26557 a crucial resistance where profit booking will be seen, keep stop loss of 26621 to your shorts. Crossover above 26621 only it'll surge up further to 26749. Downward side break below 26203 it'll fall down further to 26056-25978.

Nifty June Future: (8130) 8163 a nearest hurdle crossover above which it'll surge up to 8191 & 8231 where again profit booking will be seen, keep stop loss of 8250 to your shorts. Downward side 8114 & 8082 crucial supports. Break below 8082 it'll heavily fall down to 8040 & 8017.  Bank Nifty June Future: (17562) 17643-17681 a crucial resistance where profit booking will be seen, keep stop loss of 17681 to your shorts. Downward side it'll fall down to 17472 & 17367. Upward side crossover above 17681 it'll surge up to 17797-17855.

KPIT: (189.40) Buy considering 187-186 a solid support keeping stop loss of 182. Upward side it'll spurt up to 197. MCLEOD RUSSEL: (197.50) Buy considering 191.50 a solid support keeping stop loss of 184. Upward side it'll spurt up to 206.50 & 214. TATA GLOBAL: (128.20) Buy considering 126.50-125.50 a solid support keeping stop loss of 122. Upward side it'll spurt up to 134. YES Bank: (1064.50) Break below 1053 it'll fall down to 1041 & 1034. Upward side 1072 & 1085 crucial hurdles. SHRIRAM TRANSPORT: (1161) 1180 a crucial resistance where profit booking will be seen, keep stop loss of 1193 to your shorts. Downward side it'll fall down to 1118. APOLLO HOSP: (1319) 1340 a crucial resistance up to which selling will be seen, keep stop loss of 1354 to your shorts. Downward side it'll fall down to 1293 & 1264.  BHARTI AIRTEL: (342.50) 347-348 a crucial resistance up to which selling will be seen, keep stop loss of 351. Downward side it'll fall down to 336.50 & 330. ULTRATECH CEM: (3389) Crossover above 3400 it'll spurt up to 3441 & 3467. Downward side 3378 & 3365 crucial supports.

Market Review for 14th June 2016

Nifty (8111) we said “the technically now there is selling pressure in the upper regions and downside to around 8074 not ruled out’ the market opened with a bear gap and sold off to see the low near our support of 8074 and closed in the red…technically now 8050-75 zones has become a resistance zone and downside to 8005 is possibly.

The support for the Nifty is at 8005 and the resistance is at 8240-8275-8300

TECHNICAL OUTLOOK 14-6-16

TECHNICAL OUTLOOK

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8110.60	8068 8005 7930	8140 8210 8275	RESISTANCE AT 8140.
BANK NIFTY	17593.95	17335 17170 16885	17770 18005 18188	RESISTANCE AT 17770.
ITC	349.90	347 343 338	354 358 363	MILDLY BULLISH.
REL INFRA	536.35	528 513 504	555 565 578	MILDLY BULLISH.
VEDL	113.95	111 107 103	118 122 126	SELL ON RALLY.
TCS	2547.00	2519 2480 2462	2580 2625 2660	SELL ON RALLY.
SAIL	43.90	43 41 40	46 47 49	MILDLY BULLISH.
SBI	201.80	198 193 189	206 209 215	SELL ON RALLY.
DLF	130.40	128 124 121	134 138 141	MILDLY BULLISH.
INFOSYS	1180.90	1168 1143 1119	1203 1222 1248	SELL ON RALLY.
TATA MOTORS	444.25	438 432 426	453 464 476	MILDLY BULLISH.
BHEL	120.35	116 114 109	126 129 132	SELL ON RALLY.
TATA STEEL	323.10	316 308 297	332 347 354	SELL ON RALLY.
WOCKPHARMA	916.85	905 887 876	932 953 969	SELL ON RALLY.
ONGC	213.25	211 204 198	217 223 229	SELL ON RALLY.
ICICIBANK	243.75	238 233 227	247 253 259	SELL ON RALLY.
RELCAPITAL	393.95	381 373 365	401 414 421	SELL ON RALLY.
RELIANCE	981.10	956 933 919	988 1001 1015	SELL ON RALLY.
HDIL	94.30	92 90 89	96 98 99	SELL ON RALLY.
MARUTI	4134.75	4073 4029 3992	4165 4210 4258	SELL ON RALLY.
HINDALCO	114.70	112 109 107	118 121 124	MILDLY BULLISH.
ACC	1546.80	1509 1489 1436	1577 1600 1637	MILDLY BULLISH.
LT	1466.15	1444 1395 1362	1490 1541 1588	MILDLY BULLISH.