RELIANCE CAPITAL finding strong trend line support at current levels - Chart updated on 27th April 2015, Monday.

RELIANCE CAPITAL

Stock finding strong trend line support at current levels, technical indicates further price fall can be seen once stock closes and holds below, as long as it holds above stock have some hopes for bounce back.

Stock was on news - Reliance Capital asses management and Samsung asset management both signed agreement that allows both company`s to explore business opportunities and launch funds in each others turf.

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NIFTY FUTURES finding strong trend line support at current levels - Chart updated on 27th April 2015, Monday.

NIFTY FUTURES

Nifty Futures finding strong trend line support at current levels, technical indicates as long as it holds above bulls have some scope for bounce back. But once it closes and holds below its trend line support then further price fall can be seen in coming days.

Indian Stock Markets is expected to see huge volatility in coming days as F&O expire in coming Thursday as well as blue chip company like Maruti, ICICI Bank, Sesa sterlite, Idea cellular, AXIS Bank, HDFC and some more will announce its Q3 results and after that on 01st May 2015 Friday is holiday as its Maharastra day.

Overall market trend is seems on down side, domestic investors will be focusing on FII`s and concern over tax issue. Their will be a huge tug of war between bulls and bears in coming days. Markets is also looking for some other political news like land bill and GST in coming days.

AXIS BANK Stock Tips Share witnessing selling pressure from resistance - Updated on 20th April 2015, Monday

AXIS BANK

Stock witnessing selling pressure from fibonacci retracement as shown above, technical indicates bears will be favored as long as it holds below and further price fall can be seen once AXIS Bank closes and holds below its previous bottom as shown in above technical chart.

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Stock was on news - Life Insurance Corporation Of India (LIC) buys 0.18% stake in Axis Bank for Rs.243 Cr. The shares are purchased by LIC from open market, company has bought approx 43 lakhs shares during April 13-17 in year 2015 after buying these shares LIC has increased its total stake to 12.4% or 28,55,35,806.

NIFTY FUTURES will find strong trend line support in hourly chart - Updated on 20th April 2015, Monday.

NIFTY FUTURES

As explained in our previous chart nifty futures is witnessing selling pressure from its resistance but close watch hourly chart indicates stock will find strong trend line support if falls further so bulls will now have some hopes for bounce back.

Indian stock market is expecting to open flat as other Asian markets like Nikkei, Hang Seng Index and Shanghai trading in flat zone moreover SGX Nifty is indicating a marginally down side that is -5pts. China also announced a cut in RRR (reserve requirement ratio) but market are not reacting on this news. Click here to read our article on what is Nifty and what is Nifty futures.