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Hero Motocorp share market tips updated on 06th May 2015, Wednesday.




Hero motocorp is moving in a range bound zone, technical indicates as long as stock stuck in between its range bound pattern trend will be mix with no clear direction. So far technical indicates that stock is trading on the lower side of its range if stock closes and holds below then sharp movement is expecting in coming days.

Even stock is witnessing selling pressure from 20 days moving average as shown in above graph this indicates as long as Hero Motocorp trades below bears will be favored. For more free share market tips visit our blog daily.

Few days back stock was in News


Hero Motocorp has launched the updated version on 2015 Passion Pro in the Indian market. The company has uploaded the pictures and brochure, according to the brochure the company has upgraded its engine to 97.2cc and also the 2015 model is claimed to churn out 8.24 bhp, it has also get new front mudguard, new LED tail lamp and alloy wheels and the starting ex-showroom price is around 47,650.

Gail Indian stock chart updated on 06th May 2015, Wednesday.




Gail Indian stock chart is moving in a down channel pattern, this pattern indicates that as long as stock is moving in a down pattern bears will be favored and further price fall can be seen in coming days, technical also indicates that stock is finding strong trend line resistance as shown in above graph (its previous support is now acting as its resistance) as long as stock holds below bears will be favored and further decline can be seen in coming days.

Stock was on News - Government probe says GAIL (I) negligence caused Telangana pipeline accident. On 04th April pipeline accident killed 2 people. This is second time in this year that government has blamed GAIL (I) for negligence and also for not following standard operating procedures.

Bank Nifty Technical Analysis Chart Updated on 05th May 2015, Wednesday.




Bank Nifty technical analysis hourly chart indicates that it is finding strong trend line and golden ratio resistance at current levels, as long as Bank futures holds below its resistance zone bears will be favored and we can see some bullish action in intraday point of view once it starts trading above its resistance zone.

Even Bank Nifty major technical indicator MACD" indicating weak signal as shown in above graph.

For today trading bank nifty index is trading below by -.26% (48.30 pts) and Nifty index is also down by -27.20 pts and about 288 shares are advanced and 378 shares are declined. Bharti Airtel is up by 4% and stocks on loosing side are BHEL, Bajaj auto, Tata motors and TCS. The Indian rupee up by 10 paise comparing with previous day.

On Global point of view US stock market also closed negative. Brent crude is now above USD 67 per barrel.

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