Zee,Rel Infra and Sun TV gunner forecast

[ Thursday, May 7 | 0 comments ]

ZEE

Zee
Intraday Traders can use the below mentioned levels

Buy above 313 Tgt..


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Nifty Trading Strategy for 07 May

[ Wednesday, May 6 | 0 comments ]
FII
  • FII's sold 92.2 K contract of Index Future worth 1924 cores,62 K Long contract were squared off  by  FII's and 30 K  short contracts  were added by FII's. Net Open Interest decreased  by 31.8 K contract so today's fall was used by FII's to square off longs in Index Future and add fresh shorts.Sensex Crashes 700 Points:Reason for sharp fall
 This is what we discussed today  Nifty after yesterday rise did not show a follow up move, consolidated in range and formed a long legged DOJI, Gunner shows we are entering a new quadrant tomorrow  so impulsive move can be expected in next 2 trading session. Pyrapoint analysis also shown in below chart suggests as we are entering new quadrant so expect impulsive move.   Today we


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Sensex Crashes 700 Points:Reason for sharp fall

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The BSE Sensex plunged over 700 points and Nifty declined over 200 points.Let me put the reason from both Technical and Fundamental Perceptive

1. Fundamental

  • Liquidity Squeeze by FII's : FII money is Hot money which chase return irrespective of market. The Hottest Stock market on earth right now is Chinese Stock Market which is running like there is no tomorrow. China’s securities regulator approved 30 new initial public offers (IPOs). FII withdrawing funds for investing in IPO in China. $175 billion of IPOs are lined up this week.

Spike in Crude Prices: Oil hits 2015 highs jump 50% from 2014 Lows  We are net importer of Crude Oil and Jump in crude oil

2. Technical Reason

  • Trading below 200 DMA: Nifty/ Sensex after 15 months are trading well below its 200 DMA, putting pressure on market, as many FII's have 200 DMA benchmark for buying or selling.

Gann Date Effect-


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Oil hits 2015 highs jump 50% from 2014 Lows

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Oil prices rose on Wednesday to hold near 2015 highs, continuing a month-long rally that was supported by a weaker dollar and a disruption to crude exports in Libya.
 
Oil bulls have pushed prices higher this week, after a rally of between 20 percent and 25 percent in April, despite a continued build in US crude stockpiles and indications that the OPEC cartel will keep production at current high levels at a meeting next month.
 
Brent oil hit a 2015 high before settling down with U.S. crude on Monday as Saudi Arabia's plan to halt bombing in Yemen eased tensions

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LUPIN,HDIL and ICICI Bank pyrapoint Analysis

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Lupin

Lupin

Any close below 1795 stock is heading towards 1741. Bullish above 1830 for short term target of 1900/1974.
Intraday Traders can use the below mentioned levels

Buy above 1815 Tgt...


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