The Sensex lost 310.28 points or 1.1% to settle
at 27,774.88, its lowest closing level since 4 August 2016. The index lost
348.54 points or 1.24% at the day's low of 27,736.62. The index rose 58.12
points or 0.21% at the day's high of 28,143.28.The Nifty dropped 102.95 points
or 1.19% to settle at 8,575.30, its lowest closing level since 4 August 2016.
The index shed 113.65 points or 1.31% at the day's low of 8,564.60. The index
rose 11.85 points or 0.14% at the day's high of 8,690.10. Indian Stock Market
would open flat. Technically, Indian Stock Market is still in positive zone.
Now Market is in a range bound region. Nifty if closes below 8626, then it
would see a sharp breakdown in upcoming days. Traders can hold long positions
or go long at dips until Nifty holds 8626 levels by closing. There are strong
chances of renounce if Nifty holds those levels by closing else a sharp
breakdown is confirmed. Traders should watch 8626 levels by closing and if it
closes below those levels, traders can
Wednesday, August 10, 2016
Tuesday, August 9, 2016
LAST RECOMMENDATION UPDATE: GIVEN ON 08 AUG
LAST DAILY RECOMMENDATION:
IN BEARISH MOMENTUM: HDFC HIT TGT 1345 MADE A
HIGH OF 1338.55
LOT SIZE: 500
DAILY TOTAL PROFIT: 31450 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN
HERE >>>>>>>>>>>>>>>
Reserve Bank Governor Raghuram Rajan
kept key rates unchanged
The Sensex and Nifty closed lower on Tuesday, pausing after a
three-day rally, as investors booked profits after the central bank kept its
policy interest rate unchanged and retained FY17 GDP growth forecast at 7.6%.
Sensex ended with a loss of 97 points at 28,085. The Sensex opened at 28,289
touched an intra-day high of 28,290 and low of 27,957. Nifty closed with
a loss of 33 points at 8,678. The Nifty opened at 8,727 hitting a high of 8,728
and low of 8,638. Raghuram Rajan, whose
3-year term will come to an end on September 4, left interest rates unchanged
at his final policy review meeting as RBI governor. Rajan left the repurchase,
or repo, rate unchanged at 6.5% as retail inflation for the month of June
headed to 5.77%, driven in large
Monday, August 8, 2016
NULL EFFECT EXPECTED ON THE MARKET; ON ACCOUNT OF RBI POLICY
“BUY HDFC ABOVE 1370 TGT 1385/1400”
“SELL HDFC BELOW 1360 TGT 1345/1330”
The Indian equity market rallied for third consecutive
session on Monday ahead of RBI policy review on Tuesday. Reserve
Bank Governor Raghuram Rajan, whose 3-year term will come to an end on
September 4, is widely expected to hold the key interest rate on Tuesday as
retail inflation continues to be above the comfort zone. Sensex ended with a gain of 104 points at 28,183. The Sensex opened at
28,182 touched an intra-day high of 28,226 and low of 28,128.The Nifty
closed with a gain of 28 points at 8,711. The Nifty opened at 8,713 hitting a
high of 8,723 and low of 8,697. Market is expected to see
short term correction if it breaks
Friday, August 5, 2016
WEEKLY TECHNICAL ANALYSIS OF ZEEL FOR 08-12 AUG
LAST WEELY RECOMMENDATION:
IN
BULLISH MOMENTUM: ZEEL HIT TGT 510 MADE HIGH OF 511.80
LOT
SIZE: 1300
WEEKLY
TOTAL PROFIT: 22880 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN
HERE >>>>>>>>>>>>>>>
“BUY ZEEL
ABOVE 500 TGT 510/520”
“SELL ZEEL
BELOW 490 TGT 485/477”
WEEKLY CHART FOR MARUTI:
Primary trend of the stock is
bullish and after giving breakout of its range bound movement, it is forming
continuation pattern in short term charts, it is likely to continue the
positive movement with the breakout of the pattern at the levels of 470 ; as the
stock is managing to trade above its 50 and 200 days moving averages with the
RSI of 70, one may expect the targets of 520 in the stock if it manages to sustain above
the immediate support level of 490. The stock is in bull run and is forming a
reversal pattern also in short term charts, it is likely to show correction
with the breach of the support level of 480, where one may initiate the short
position in it for the targets of 455, while stop loss can be placed at 510.
Wednesday, August 3, 2016
NIFTY END BELOW 8578; MARKET EYEING THE GST BILL
index forming beARISH PATTERN; Go
Short At Every Positive Rally
Today, Sensex ended with a loss of 284 points at 27,697.
While, The Nifty closed with a loss of 78 points at 8,545. Stock market in India ended with sharp cuts on Wednesday as the government
introduced the GST bill in the parliament. Investors
are awaiting the outcome on the Goods and Services Tax (GST) constitutional
amendment bill in Parliament. According to reports, the long-pending GST Bill
is listed for consideration and passage in Rajya Sabha today amidst strong
indications that the most far-reaching taxation reform would be supported by
Congress and all other major political parties. The government is keen to get
the GST Bill approved during the Monsoon Session of Parliament ending on August
12, 2016. Indian Stock Market was open negative. Technically,
Nifty and BankNifty has entered into
negative region. Today, GST Bill would be discussed in Rajya Sabha. GST Bill
news is already priced in and once the news is disclosed, market would move
Sharply positive with a jerk but this positive rally would not last long. We
expect that market would see deep correction after this positive jerk. Traders
can go short in BankNifty at every
Tuesday, August 2, 2016
NIFTY CLOSE BELOW 8650; MARKET REMAIN RANGEBOUND
LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: VOLTAS HIT TGT 361 MADE A
LOW OF 357.65
LOT SIZE: 2000
DAILY TOTAL PROFIT: 29400 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN
HERE >>>>>>>>>>>>>>>
The Indian stock market once again ended with marginal losses
on Tuesday amid a highly volatile session. Market participants turned jittery
ahead of the tabling of GST Bill in Rajya Sabha scheduled on Wednesday. Sensex ended
with a loss of 21 points at 27,982. The Sensex opened at 28,069 touched an
intra-day high of 28,175 and low of 27,944.The Nifty closed with a loss
of 14 points at 8,622. The Nifty opened at 8,647 hitting a high of 8,687 and
low of 8,611.Indian Stock Market would open flat. Technically, Nifty is
still in positive trend but BankNifty has entered into negative region. Now if
Nifty closes below 8578 levels, then we could see sharp downfall. Once any positive news comes in respect of GST Bill, Market
Monday, August 1, 2016
TECHNICAL ANALYSIS OF VOLTAS FOR 02 AUG 2016
LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: ZEEL HIT FIRST TGT 510
MADE A HIGH OF 511.75
LOT SIZE: 1300
DAILY TOTAL PROFIT: 22750 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN
HERE >>>>>>>>>>>>>>>
“BUY VOLTAS
ABOVE 371 TGT 374/380”
“SELL VOLTAS BELOW 365 TGT 361/355”
The Indian equity market closed with marginal losses on
Monday erasing all its early gains. Sensex ended with a loss of 49 points at 28,003. The Sensex opened at
28,083 touched an intra-day high of 28,285 and low of 27,874.The Nifty
closed with a loss of two points at 8,636. The Nifty opened at 8,654 hitting a
high of 8,711 and low of 8,591. Nifty in its daily time
series chart has formed a Doji pattern. Going forward key level to watch is
8,750-8,625. Market is expected to move much higher if it manages to move above
the breakout level of 8,750. Important support is at 8,625-8,610 and resistance
is visible around 8,700-8,750. Among domestic macro economic data, Services PMIdata is schedule to
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