After
a volatile ride, the market has ended with major loses. The Sensex ended
down 152.30 points or 0.7 percent at 23002, and the Nifty slipped 42.70 points
or 0.6 percent at 6987.05. About 1090 shares have advanced, 1390 shares
declined, and 159 shares were unchanged. ONGC, BHEL, Maruti, Infosys and
L&T were major losers while ICICI Bank, HDFC Bank, Reliance, SBI and Dr
Reddy's Labs were major gainers in the Sensex. Arun Jaitley, while announcing Union Budget 2016, has tried to make
provisions for all the stakeholders. While the focus remained largely on the
farmers by providing norms that will give them double incomes by 2022, Budget
has also focused on Make in India, Women employment, and medium to below
poverty class people. Auto Industry did have its own share of ups and downs.
Following is a brief description of important take always for the auto industry.
It was also proposed to collect tax at source at the rate of 1% on purchase of
luxury cars exceeding value of Rs. 10 lakh and purchase of goods and services
in cash exceeding Rs. 2 lakh. This will lead to muted demand.
Monday, February 29, 2016
Friday, February 26, 2016
WEEKLY TECHNICAL ANALYSIS OF VOLTAS 29 FEB 2016
APOLLOTYRE IS ON FIREEEEEEEEE
…!!!!!!!!!!!!
HIT FIRST TGT 154 MADE LOW OF 153.35 SELL AT 157
LOT SIZE: 3000
INTRADAY TOTAL PROFIT: 21900 IN JUST TWO LOT
FUTURE :
“BUY VOLTAS BELOW 225 TGT
230/240”
“SELL VOLTAS BELOW 217 TGT
214/205”
WEEKLY CHART FOR VOLTAS:
Primary
trend of the stock is bullish and is consolidating at the lower level after
showing correction. It is expected to continue the bull run with the crossing
of the resistance level of 225, as the stock is sustaining above its 200 days moving averages. One may initiate the
long position above the mentioned level for the targets of 240.if it is likely to show correction with the
breach of the support level of 217, where one may initiate the short position
in it for the targets of 205.
Thursday, February 25, 2016
TECHNICAL ANALYSIS OF APOLLOTYRE 25 FEB 2016
FUTURE TIP FOR 24 FEB 2016
FUTURE:
"BUY
APOLLOTYRE ABOVE 160 TGT 164/170 "
"SELL APOLLOTYRE
BELOW 157 TGT 154/150 "
DAILY CHART FOR APOLLOTYRE:
Finally BSE
Sensex ended with a loss of 113 points at 22,976. The BSE Sensex opened at
23,105, touched an intra-day high of 23,143 and low of 22,948.The NSE
Nifty closed with a loss of 48 points at 6,971. The NSE Nifty opened at 7,030
hitting a high of 7,034 and low of 6,961.The Indian stock market fell
for the third straight day after the Rail Budget 2016 failed to boost market
sentiments. Selling pressure during F&O expiry saw the Nifty close at fresh
52-week low. The decline was led by the power, realty, capital goods, banking
and utilities stocks. Even the mid-cap and small-cap stocks ended with losses.
TOP
GAINERS:
ONGC, SunPharma, HDFC,
Idea Cellular.Coal India
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TOP
LOSERS:
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Wednesday, February 24, 2016
Sensex, Nifty weak Markets to remain volatile ahead of F&O expiry
ABB ALMOST HIT FIRST TGT 1070 MADE LOW OF 1076.05!!!!!!!!!!!!!
Event Today: Rail Budget 2016 to be presented today and F&O Expiry
Event Today: Rail Budget 2016 to be presented today and F&O Expiry
Sensex ended with a loss of 321 points at 23,089.
The Sensex opened at 23,333, touched an
intra-day high of 23,339 and low of 23,057.The Nifty closed with a loss
of 91 points at 7,019. The Nifty opened
at 7,075 hitting a high of 7,091 and low of 7,010. Nifty, which opened with a gap down saw a smart
pull back in the mid-afternoon trades. However, fresh selling pressure emerged
and it could only intensify from here on. If Nifty violates an important
support of 6960, another round of selling cannot be ruled out. In addition, we
expect the volatility to amplify on account of F&O expiry. We advise
investors to remain cautious before taking any long positions in the index. The losses
in metal, pharma, industrial, capital goods, auto, power and banking counters
weighed on the index. Railway stocks closed down on BSE ahead of the
rail budget on Thursday.
Tuesday, February 23, 2016
TECHNICAL ANALYSIS OF ABB 24 FEB 2016
TIP FOR 24 FEB 2016
"BUY ABB ABOVE 1100 TGT 1120/1150 "
"SELL ABB BELOW 1090 TGT 1070/1050 "
DAILY CHART FOR ABB:
MARKET SUMMARY OF 15 FEB 2016
Finally Sensex ended with a loss of 379 points at
23,410. The Sensex opened at 23,850,
touched an intra-day high of 23,852 and low of 23,370.The Nifty closed with a loss of 125 points at
7,110. The Nifty opened at 7,240 hitting a high of 7,242 and low of
7,099. The two key important ranges--placed so close by, one between 7217 and
7226, and the other between 7174 and 718--would determine the probable course
of price movement during the trading session. If were to see the upper range
being taken out firmly, we can also expect even the canonized level of 7241
getting taken out as well while the lower range, if taken out decisively, would
see more weakness coming in,
Monday, February 22, 2016
Sensex ends 80 points higher, Nifty holds 7,200
Just
when it seemed that the Bulls had thrown in the towel, market staged a smart
recovery to help Nifty reclaim 7200. As expected, Market took support at the
200WMA and bounced back. We are witnessing a Corrective rally which seems headed towards
Resistance zone of 7323-7363. One should not confuse this rally as
a reversal of trend as it is
only a pull-back rally, which has its genesis in short covering and not fresh
buying. Hence there are very bright chances that this rally will be sold into and
Nifty may slip well below 7000 again. The Indian equity
market has rallied for the fourth consecutive sessions. Finally Sensex ended with a gain of 80 points at
23,789. The Sensex opened at 23,783,
touched an intra-day high of 23,855 and low of 23,675.The Nifty closed with a gain of 25 points at
7,236. The Nifty opened at 7,209 hitting
a high of 7,252 and low of 7,201.
TOP GAINERS:
HUL, BOSCH, UltraTech Cement, ZEEL, Sun Pharmaceuticals, RIL,
Dr.Reddy's, Asian Paints, Grasim Industries and ONGC
TOP LOSERS:
Tech Mahindra, NTPC, GAIL, ITC, Maruti Suzuki, Adani Ports and Power
Grid Friday, February 19, 2016
Thursday, February 18, 2016
Nifty settles above 7,150 Sensex up 267 pts
WIPRO ALMOST HIT FINAL TGT 545 MADE HIGH
OF 543 !!!!!!!!!!!!!!!!!!
On Thursday, the
Sensex had gained 189.90 points to 23,381, while the Nifty50 was up 60.20
points to close at 7,108. The Sensex opened at 23,536, touched an intra-day
high of 23,735 and low of 22,481. It finally ended with a gain of 267 points at
23,649.The Nifty opened at 7,177 hitting a high of 7,215 and low of
7,128, before ending with a gain of 83 points at 7,192.
The India VIX (Volatility) index was down 2.61% to 21.5525.
In broader market with the benchmark indices with the BSE midcap and smallcap
indices closed up by 0.63% and 0.59%, respectively. On the global front,
Asian stock markets surged significantly on rising crude oil prices and
expectations of the US Federal Reserve’s measure to bring some stability in
global economy. However, Chinese markets reeled under selling pressure. China's
Shanghai Composite index closed marginally down 0.16% and Hang Seng up 2.3%.In
Europe, the FTSE 100 marginally trading down marginally. On the other hand, DAX
and the CAC 40 were up.
Top Gainers:
DR. REDDYS LAB (4.9%), L&T (3.8%), ONGC (3.2%), HERO MOTOCORP (3.1%), ICICI BANK (2.6%)
Top Losers:
ASIAN PAINTS (1.3%), MARUTI SUZUKI (1.2%), BHEL (0.9%), HDFC (0.7%), BHARTI AIRTEL (0.3%)
Top Gainers:
DR. REDDYS LAB (4.9%), L&T (3.8%), ONGC (3.2%), HERO MOTOCORP (3.1%), ICICI BANK (2.6%)
Top Losers:
ASIAN PAINTS (1.3%), MARUTI SUZUKI (1.2%), BHEL (0.9%), HDFC (0.7%), BHARTI AIRTEL (0.3%)
Wednesday, February 17, 2016
Late rally lifts Sensex 190 points, Nifty50 tops 7,100
"BUY WIPRO ABOVE 531 TGT 536/545"
Buying in the last hour of trade amid firm European markets helped
domestic benchmark indices Sensex and Nifty to close the day in positive zone in a
volatile trading session. The Sensex opened at 23,237, touched an intra-day
high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at
23, 382.The Nifty opened at 7,059 hitting a high of 7,117 and low of
6,961, before ending with a gain of 60 points at 7,108.Asian markets
ended mostly lower on Wednesday after two sessions of solid gains, while oil
prices swung higher as the market reconsidered the chances of a meaningful deal
to restrict supply later in the year. Japanese stocks fell in choppy trade as
the yen broke from its fragile weakening trend against the US dollar after a
rebound in crude oil prices fizzled and revived demand for the safe-haven
Japanese currency.
Tuesday, February 16, 2016
MARKET SUMMARY OF 16 FEB 2016
The Sensex
opened at 23,689, touched an intra-day high of 23,692 and low of 23,165. It
finally ended with a loss of 362 points at 23,191.The Nifty opened at 7,201 hitting a high of 7,205
and low of 7,038, before ending with a loss of 115 points at 7,048. The sharp selloff pushed the
Nifty50 below its crucial support level of 7,100, which closed marginally above
7,000. The index has an important support at 6,936-7,050 level and if it slips
below that, further correction cannot be ruled out. All the sectoral indices ended with losses. The
Capital Goods index was the top loser, followed by BSE realty, telecom, oil
& gas and healthcare index. Consumer durables, banking, auto and FMCG index
was among the other major losers. Even the Small-Cap and Mid-Cap stocks were
not spared.
TOP GAINERS:
Adani Ports, NTPC, Hero MotoCorp, Power Grid, IndusInd Bank, Dr.Reddy's Lab and Cairn India
TOP GAINERS:
Adani Ports, NTPC, Hero MotoCorp, Power Grid, IndusInd Bank, Dr.Reddy's Lab and Cairn India
TOP LOSERS:
SBI, ZEEL,
Bank of Baroda, PNB, Vedanta, Tata Motors and BHEL Monday, February 15, 2016
MARKET SUMMARY OF 15 FEB 2016
The Sensex opened at 23,223, touched an intra-day
high of 23,623 and low of 23,198. It finally ended with a gain of 568 points at
23,554.The Nifty opened at 7,057
hitting a high of 7,183 and low of 7,057, before ending with a gain of 182
points at 7,163.95. There is a clear short term bottom in place in the index. It
has risen from an important Gain angle, and the bottom has happened with a
long-tailed hammer line in candlestick parlance. However, there are no clear
indications as yet to suggest that it is going to be final bottom for this bear
market. In any case, we are in for, at least, bit of a bounce this week. The
most critical zone for the day would be between 7023 and 7057; its real test
would come when it tries to clear the zone between 7135 – 7210—once this zone
is decisively taken out, the market would see the next round of short covering
rally.
TOP GAINERS:
Bank of Baroda, Vedanta, Tata Steel, Hindalco,
L&T, SBI, Adani Ports and Coal India
TOP LOSERS:
Bharti Airtel, HUL, Idea Cellular and HDFCFriday, February 12, 2016
Thursday, February 11, 2016
Wednesday, February 10, 2016
YESTERDAY'S UPDATE OF YESBANK
LAST RECOMMENDATION GIVEN ON 04 FEB 2016:
YESBANK IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!
IN BEARISH
MOMENTUM: HIT FIRST TGT 740 MADE LOW OF 735
SELL AT 748
LOT SIZE: 700
LOT SIZE: 700
TOTAL INTRA
DAY PROFIT: 11200 IN JUST TWO LOT
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM
GIVEN HERE >>>>>>>>>>>>>>>
INTRADAY CHART FOR YESBANK:Tuesday, February 9, 2016
TECHNICAL ANALYSIS OF YESBANK 10 FEB 2016
LAST RECOMMENDATION GIVEN ON 08 FEB 2016:
WIPRO IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!
IN
BEARISH MOMENTUM : WIPRO HIT FIRST TGT 540 MADE LOW OF 535
LOT SIZE: 1000
LOT SIZE: 1000
FUTURE TIP FOR 10 FEB 2016
FUTURE:
"BUY YESBANK ABOVE 760 TGT 767/760 "
"SELL YESBANK BELOW 752 TGT 745/740 "
DAILY CHART FOR YESBANK:
MARKET SUMMARY OF 28 JAN 2016
Monday, February 8, 2016
TECHNICAL ANALYSIS OF WIPRO 05 JAN 2016
FUTURE:
"BUY
WIPRO ABOVE 550 TGT 555/565 "
"SELL WIPRO
BELOW 545 TGT 540/530 "
DAILY
CHART FOR WIPRO:
MARKET SUMMARY OF 08 FEB
2016:
The Sensex opened at 24,637, touched an intra-day high of 24,699 and
low of 24,261. It finally ended with a loss of 330 points at 24,287.The
Nifty opened at 7,490 hitting a high of 7,513 and low of 7,363, before ending
with a loss of 102 points at 7,387. The Indian equity market closed deep
in the red as a massive sell-off in the closing hour of trade dragged the NSE
Nifty to end below the 7400 mark on Monday.
Saturday, February 6, 2016
SKSMICRO IS ON FIREEEEEEEEE …!!!!!!!!!!!!
ALMOST HIT FINAL TGT 570 MADE HIGH OF 568.30 BUY AT 527
LOT SIZE: 1000
WEEKLY TOTAL PROFIT: 82600 IN JUST TWO LOT
FUTURE :
“SELL MARUTI BELOW 3750 TGT
3650/3500”
WEEKLY CHART FOR MARUTI:
Primary trend of the stock is bearish and is consolidating at the higher level after showing correction. It is expected to continue the bear run with the crossing of the support level of 3710, as the stock is sustaining below its 55 and 22 days moving averages. One may initiate the short position below the mentioned level for the targets of 3500/3400 .
Friday, February 5, 2016
YESTERDAY'S UPDATE OF YESBANK
LAST RECOMMENDATION GIVEN ON 04 FEB 2016:
YESBANK IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!
IN BULLISH
MOMENTUM: ALMOST HIT FIRST TGT 785 MADE HIGH OF 783 BUY AT 770
LOT SIZE: 700
LOT SIZE: 700
TOTAL INTRA
DAY PROFIT: 18200 IN JUST TWO LOT
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM
GIVEN HERE >>>>>>>>>>>>>>>
INTRADAY CHART FOR YESBANK:
Thursday, February 4, 2016
TECHNICAL ANALYSIS OF YESBANK 05 JAN 2016
FUTURE:
"BUY YESBANK
ABOVE 770 TGT 778/785 "
"SELL YESBANK BELOW 757
TGT 750/740 "
DAILY CHART FOR YESBANK:
YES Bank Q3 results declared on 29 jan 2016, net up 25% despite high provisions, NII rises 27% Net
interest income, the difference between interest earned and interest expended,
grew by 27.3 percent to Rs 1,157 crore in quarter ended December 2015 compared
to Rs 909 crore in year-ago period, driven by strong advances growth of 26.7
percent.
Primary trend of the stock is bullish and is consolidating at
the higher level after showing correction. It is expected to continue the bull
run with the crossing of the resistance level of 792, as the stock is
sustaining above its 200 and 50 days moving averages. One may initiate the long
position above the mentioned level for the targets of 800/820 .
Wednesday, February 3, 2016
TECHNICAL ANALYSIS OF ZEEL 04JAN 2016
FUTURE:
"BUY ZEEL ABOVE
407 TGT 413/418 "
"SELL ZEEL BELOW 400 TGT
395/390 "
DAILY CHART FOR ZEEL:
MARKET SUMMARY OF 03 FEB 2016
Feb fumble! Sensex, Nifty tumble
Nifty
ended with a loss of 94 points to close at 7,362. It has opened at 7,392
hitting a high of 7,419 and low of 7,350. Sensex ended with a loss
of 316 points and closed at 24,222. It opened at 24,394, touched an intra-day
high of 24,409 and low of 24,214.The Indian equity market slipped lower
for the third consecutive trading session on Wednesday. A sudden bout of
selling pressure towards the end yet again dragged the indices to close near
day’s low. Nifty has now declined over 3% in the past three days. Negative cues
from equity markets across the globe and weakening Indian currency against the
US dollar dragged the sentiment on Dalal Street. As
was widely expected by market participants, the Reserve Bank of India (RBI)
kept the interest rates unchanged,
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