RELIANCE Below estimations, likely to open lower on Monday

mukeshambani

As our Expectation, Reliance will open around 990-1000 on Monday opening trade. Strong support around 990

Below 990 we will expected more weakness…. Let’s see Results!!!

RELIANCE reported a net profit of Rs 6,222 crore, down 2.5 per cent on quarter for the three-month ended June 30, Experts estimate of Rs 6,700 crore.

The oil & gas major had reported a net profit of Rs 6,243 crore in the previous quarter

 However, net sales rose by 37.6 per cent to Rs 77,130 crore for the first quarter of the current financial year, compared to Rs 56,043 crore a year ago.

Updated : 07.17 PM / 24th July 2015

 

This Week Review…

review

Market This Week:

Sensex -1.3%, Nifty -1.1%, Bank Nifty -2.5%, Nifty Jr -1.2%

CNX Midcap Index -1.1%, BSE Small Cap Index -0.5%

CNX Pharma -7%,CNX Realty -4.7%, BSE Cap Goods -3.2%

CNX PSU Bank -3.1%,CNX Infra -2% CNX Metals -2.5%, BSE Power -2%

BSE FMCG +7.7% CNX IT +1.7%, CNX Media +1.2%

This Week Nifty Losers:

Lupin -15.3%, Sun Pharma -12%, Vedanta -9%, Tata Steel -7%

Tata Power -5.5%, ACC -5.5%, ICICI Bk -5.3%, Ambuja Cem -4.3%

This Week Nifty Gainers:

Infosys +8.7%, Hero Moto +3.7%, Zee Ent +3.5%,Asian Paints +3.1%

This Week Midcap Losers:

Castex -23%, Unitech -11%, Karnataka Bank -10%

LUPIN Chart update

lupin 1675

Above is Day chart of Lupin

Last Three sessions Stock came down almost 250 pts

Now chart shown strong support around 1675-1685

Can buy lower level and Keep stop-loss of 1675 closing basis!!!

Expected Target 1820 & 1850+

Suppose if close below 1675……… next support 1635 & 1580 levels!!!

Updated : 09.39 AM / 24th July 2015

24th July 2015 Nifty Future update

friday11

 

NIFTY  FUTURE closed  : 8603

Yesterday Nifty Future was trading very volatile & zig-zag

We were written Nifty Future Resistance at 8670

NF made a high of 8667 then slide upto 8580.55……..

FII’s Sold 583cr in Index Future on Yesterday’s Trade!!

This series till date FII’s hold 4360cr in Index Future

  

Today’s Nifty Future facing Resistance 8630 & 8660 levels

Higher level stay caution!!!

Can do shorts at higher level & Keep a stop of 8660

support 12

Today’s Supports 8580 & 8550

If stays below 8550…………….. Finding next support at 8490 levels

 Where to Entry level & Exit Level  update to our clients on Live Market

Updated : 08.49 AM / 24th July 2015

24th July 2015 Hot Calls

TATAMOTORS

tatamoto2

(Closed : 401.35 )

TATAMOTORS Bounced from lower levels

Can Buy around 396-400 levels

Expected Target 407……..Above 407 add more Power

There after we see 412 & 415

Keep a stop of 390

BAJAJ-AUTO

bajaja

( Closed : 2489 )

BAJAJ-AUTO Below expectation Result

Can Sell around 2490-2510

Expected Targets 2440 & 2410

Keep a stop of 2540

MARUTI

maruti 1

(Closed  : 4234 )

MARUTI again breaks recent Top

Can buy around 4205-4220

Expected Rally up-to 4275 & 4325

TITAN

titann

( Closed : 337 )

TITAN now near by Support level

Today once if  Breaks the level

Fall will be expected

Which level will  Breaks  ??

Clients special call

Updated : 08.45 AM /24th July 2015