Friday, 22 January 2016

DO NOT PUT ALL YOUR EGGS IN ONE BASKET KEEP IN MIND WHILE TRADING IN THIS VOLATILE MARKET

RUSHIL CALL ROCKSSSS HIT FINAL TGT….!!!!!
The Indian stock market rallied on Friday tracking a relief rally in other Asian markets. A strong recovery was witnessed there in the market on Friday. The sensex & nifty both indices maintained its strong uptrend in afternoon trade.  The sensex  gained  473 points & closed at 25436 while the Nifty surged 145 points to closed at 7422, tracking global rally and oil rebound BSE's midcap index gained about2 per cent or 191 points while the smallcap rose 2 per cent or 232 points. Metal stocks added 4%, as the counters of Tata Steel, Hindalco and Jindal Steel witnessed brisk buying. The uncertainty really has not come down. We have got some reassurance not just from the European Central Bank, but also from the RBI governor as well as the finance minister. All broader market indices ended in the green. In all, 43 Nifty stocks advanced while seven declined. LT Finance Holdings, the subsidiary of engineering & infrastructure major, has reported a 16 %year-on-year growth in consolidated profit at Rs 212 crore aided by net interest income. Idea Cellular's third quarter consolidated net profit declined 5 %sequentially to Rs 764 crore, impacted by lower margin and other income and higher interest cost. A total of six stocks registered a fresh 52-week high in trades today, while 167 stocks touched a new 52-week low on the NSE Amid fears of sliding oil prices, uncertainty around more rate hikes by the US Federal Reserve and an economic slowdown in China, investors should look to use the current volatility in the market to buy quality stocks on declines. Whether shares can gain further would depend on corporate earnings results and developments in China, where markets have remained volatile over concerns about economic growth. Sustainability would depend on quarterly earnings performance and no negative news flow from China.

2 comments:

  1. Sir
    What Abt M&M Finance and SBI?
    Can M&M see a bounce back up to 205-208 on monday with SL of 197.1??
    SBI tgt for monday???

    ReplyDelete
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    ReplyDelete