MARKET MOVEMENT WEEKLY - 15.06.2015 TO 19.06.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808 

PERIOD – 15.06.2015 TO 19.06.2015

NIFTY FO RANGE @ 7808 TO 8088 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 7986 AS ON 12.06.2015..!! NIFTY FO has resistance at 8008 – 8033 Level; above which other resistance levels are at 8061 – 8088 Level with highly Volatile Trend, In Downside support levels are at 7930 – 7916 Level; below 7909 Level, other support levels are at 7860 – 7808 Levels. I am positive for next week above 8088 Level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and it’s still a better strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remain cautious now...!!

If NIFTY crosses 8088 Level, again then the upper side target is quite high and it may touch 8108 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 15.06.2015 TO 19.06.2015

                                                                                                                                                           
1. HDFC FO (1188): It is suggested to buy @ Rs 1170 with SL of Rs 1164 for the target of Rs 1206 – 1212; below Rs 1164 it can fall up to RS 1150 – 1133 levels. If it crosses Rs 1212 level than expect nonstop rally up to Rs 1230...!!

2. RELIANCE FO ( 891 ): Operator based Game start in this stock, Buy @ Rs 886 With SL of Rs 864 for the target of Rs 909 – 919 level below Rs 864 it can show further downfall up to Rs 840…!!!

  3. ELDER PHARMA ( 79 ): Buy delivery of this stock near @ Rs 73 with SL of Rs  64 for the target of Rs 88 – 93 level. It is very good for medium term position also…!!! 

4. ESSAR OIL ( 139 ): This stock is looking very good to buy @ Rs 129 with SL of Rs 123 for the target of Rs 147 –  160 Levels below Rs 123 is stock shall witness free fall…!!!

5. BHARTI TELE ( 414 ): Buy @ Rs 409 levels considering minor support of Rs 401 and stop loss of Rs 393 for an upper target of Rs 429 – 434 levels. Below Rs 393 it can slip up to RS 386 – 377 levels…!!!

6. LIC HUSING FIN ( 399 ): Operator based buying has been there in this stock. Buy @ Rs 390 with SL of Rs 381 for the target of Rs 413 – 424 levels it is very good for long term position also…!!!

7. AXIS BANK ( 551 ) : Trading point of view BUY @ Rs 534 With SL of Rs 526 for the target of Rs 567 - 579 level below Rs 526 It can show further downfall up to Rs 517 …..!!!

8. NETWORK 18 ( 51 ): Buy delivery of this stock near @ Rs 47 with SL Rs 44 for the target of Rs 58 – 63 level. It’s very good for long term position also…!!!

9. HEXAWARE ( 273 ): For medium term buying is suggested @ Rs 268 with SL Rs 263 for the target of Rs 281 – 290 level. Below Rs 260 it can show further downfall…!!!

10. SUNPHARMA ( 813 ) : It is suggested to SELL with SL Rs 833 for the target of Rs 793 – 786 below @ Rs 786 it can slip up to Rs 773 – 760 level. Above Rs 939 level will take the stock to Rs 848 - 860…!!!