Monday, 29 February 2016

BUDGET 2016 DISAPPOINTS STOCK MARKETS

BUY STAR ABOVE 885 TGT 900/915 SL 865
The Sensex ended Budget session's roller coaster ride in the red. The Sensex which swung in the range of nearly 850 points in trades today ended 152 points lower at 23,002 and Nifty declined 43 points to close below its crucial psychological level of 7,000 at 6,987. Capital goods and IT indices fell over 2 per cent each. From the capital goods space, BHEL, Kalpatru Power, Mahindra CIE, Larsen & Toubro, Solar Industries and Sterlite Technologies were among the losers
SBI, ICICI Bank, Tata Steel, ONGC, Dr.Reddy's Lab and Sun Pharma are among the gainers, whereas  ITC, GAIL, HUL, Cipla, Bharti Airtel and Adani Ports are losing sheen on BSE. A total of eight stocks registered a fresh 52-week high in trades today, while 169 stocks touched a new 52-week low on the NSE. The Indian rupee opened lower by 7 paisa at 68.69/$ on Monday as against previous close of 68.62/$.  rupee remained weak in the offshore NDF markets, weighed by the strength in greenback against the basket of currencies. Among Asian markets, China's Shanghai Composite index fell over 3 per cent, while Hong Kong's Hang Seng index shed nearly 1 per cent. Japan's Nikkei bucked the trend to gain 0.41 per centJaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars.. Aviation stocks are trading lower after excise duty on aviation fuel was raised to 14% from 8%. Jet Airways India Ltd is down 1.6%, Inter Globe Aviation Ltd 3% and SpiceJet Ltd 2.3%.Jewelry stocks are trading lower after the FM proposed changes in excise tax on jewellery. PC Jeweller Ltd is down 6% to Rs.305.20, Titan Co. Ltd slips 6%. Shree Ganesh  Jewellery House Ltd falls 5.5% to Rs.6.68.Jaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars. Jaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars.  Jaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars.  Jaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars.  Jaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars.

Saturday, 27 February 2016

WEEKELY TRADING TIPS FOR STOCK CASH

 SELL TATAELXSI BELOW 1700 TGT 1650/1600 SL1750
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RESISTANCE 1725 / 1750 / 1775

SUPPORT 1660/1640/1600

 
 

Friday, 26 February 2016

BULLS WELCOMING BUDGET

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The market has ended higher in the last trading session ahead of Union Budget. The Sensex ended up 178.30 points or 0.8 % at 23154.30, and the Nifty gained 59.15 points or 0.8 % at 7030. The market breadth continued to be weak as about 1380 shares declined against 988 advancing shares on the BSE. Equity benchmarks remained strong after Macro Economic Survey. The economic survey from the finance ministry called for fiscal prudence and stable inflation, while acknowledging the risks to growth, although it also called for a review of India’s medium-term fiscal strategy. Nifty fell 2.5% this week as caution largely prevailed ahead of the Union budget to be presented on Monday. The beginning of the March series in derivatives contracts and positive global cues kept mood upbeat. The rupee recovered 7 paise to 68.65 against the US dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. Stocks of fertilizer companies remained on buyers’ radar on hopes that the government may announce some important measures for reviving agriculture economy in the Union Budget 2016-17. Asian markets ended higher on Friday, as a firmer finish on Wall Street, oil’s overnight gains, a weakening yen and soothing comments by Chinese authorities over the state of the economy and chances of more stimulus, helped prop up investor confidence, heading into the G20 finance ministers’ meeting in Shanghai.Shares like Coal India, SBI, Hindalco, NTPC and L&T were among the top gainers. On the other hand, Bajaj Auto, Hero, Lupin, Bharti and Wipro were among the losers

Thursday, 25 February 2016

NIFTY CRACKS BELOW 7000 RAIL BUDGET FAILS TO CHEER MARKETS

SIEMENS ALMOST HIT FINAL TGT 975 MADE LOW OF 978

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 Sensex slipped into negative territory ended below 23000 mark, down 112.93 points to 22976 and the Nifty closed below 7000 level, down 48.10 points to 6970.60 Nifty 7100 strike price call option was the most active options contract on the National Stock Exchange. The premium on the contract fell 99 % to 5 paise as many as 41458 contracts were added to the open interest of 116214 contracts. Metal stocks were witnessing buying interest. The BSE metal index was up 0.88 % Hindalco, Jindal Steel and Hindustan Zinc were among the gainers. The market breadth was marginally negative as 1353 stocks were declining while 938 were advancing. Siemens Ltd and Kalpataru Power Transmission Ltd closed marginally higher after Suresh Prabhu announced that the railways proposed to electrify 2000 km of railway lines In FY17. One encouraging feature of the rail budget is focus on capital investment which needs to be accelerated and it is done in correct way, says J P Chowdhary, chairman, Titagarh Wagons. Today, top Nifty50 losers are PowerGrid, Bank of Baroda, Yes Bank, SBI, ACC, GAIL, Grasim, ICICI Bank and L&T. Introduction of three select train services Humsafar, Tejas and UDAY- for reserved passengers was one of the highlights of the Railway Budget 2016-17 presented by Railway Minister Suresh Prabhu today. Railways' revenue from passenger fares as well as freight rates is expected to fall short of the Budget target by Rs 15744 crore in the current fiscal. The Indian rupee hit fresh 30-month low today, down 17 paise to 68.73 a dollar. The market to be volatile in near term as they feel the Union Budget, which will be presented on February 29, may not be big driver. On Railway Budget, they say reforms are on track but FY16 target is likely to be missed.
 

 

Wednesday, 24 February 2016

BEARS CONTINUED TO CONTROL BULLS AHEAD OF F&O EXPIRY & RAIL BUDGET

SELL SIEMENS BELOW 993 TGT 987/975 SL 1010

Weak global markets dragged benchmark indices BSE Sensex and NSE Nifty down over 1 per cent on Wednesday All but one sectoral indices on Nifty in the red. Sensex dropped 321.25 points to 23088.93 and the NSE Nifty slipped 90.85 points at 7018.70. Banks, auto, IT, financial services stocks lead fall. TCS contributes to 7 points drag in Nifty, ITC 11 points. Asian markets ended mostly lower on Wednesday as hopes for a coordinated production cut by OPEC faded and investors fretted over additional pressure on bank earnings in 2016. The India Volatility Index, which measures implied volatility of stock options, closed at 23.83 up 13.4 %. VIX is often seen as a gauge of investor fear. Stocks of the Railway sector-linked companies were in focus ahead of the rail budget to be presented on Thursday. Stocks of Kalindee Rail Nirman (Engineers), Siemens,  Sanghvi Movers and Titagarh Wagons were trading  down . The rupee on Wednesday lost 6 paise to 68.64 against the dollar in early trade at the inter-bank foreign exchange market due to appreciation of the US currency overseas. BHEL stock was the top loser on both the benchmark indices and shed 5 per cent. Sugar stocks soared after prices hit a 22-year high in global markets. Fall in global markets on oil rout dampened sentiment again. Railway Budget and expiry of February derivative contracts will be closely watched on Thursday.
GAINERS: BPCL, Power Grid, M&M, Bharti Airtel, Axis Bank, Yes Bank, Asian Paints and Bank of Baroda   
LOSERS: BHEL, NTPC, Tata Motors, Hindalco, Vedanta and Cairn India.

Tuesday, 23 February 2016

BEARS SHOUT INDICES TURNED FROM BAD TO WORSE

BFUTILITIE ALMOST HIT FINAL TGT 560 MADE HIGH OF 557.75 BUY AT 515

The market continued to bleed with the Sensex skid 378 points or 1.6 % at 23410.18 and the Nifty slipped 125 points or 1.7 % at 7109.55. About 723 shares have advanced, 1883 shares declined, and 142 shares are unchanged.The overall market breadth was negative as 1,885 stocks declined while 718 stocks advanced.Selling pressure was visible across the sectors. Banking shares were among the worst hit in trades today. The banking sub-index on the National Stock Exchange- Bank Nifty ended 2.62 per cent lower at 14,008. Indian Rupee opened lower by 5 paise at 68.65/$ in early trade on Tuesday as against the previous close of 68.60/$. On Monday, Indian rupee weakened to 30 month low against the greenback, impacted by month end dollar demand from the importers and persistent foreign capital outflows. Moreover, strong tone in US dollar against basket of major currencies took a toll on Indian rupee. Sentiments also remained low on report that exports of over half of the sectors, out of the 30 closely monitored by the one in January due to a fall in global prices and demand. All but five of Nifty50 stocks were trading in the green erce Ministry, were in the negative as the benchmark index shed some 103 points. Asian Paints, which was up mariganally by 0.81%, was the top gainer followed by ONGC , Tata Motors , Tata Steel  and Infosys. Among the 45 losers, Cairn India lost the most at 4.21 per cent, followed by Bank of Baroda, Coal India, PNB and SBI.

Monday, 22 February 2016

EQUITY BENCHMARKS CONTINUED TO BE IN POSITIVE TERRAIN NIFTY ENDS NEAR 7250

BUY BFUTILITIE ABOVE 515 TGT 530/560 SL 490
Nifty50 was testing its crucial support level of 7250 supported by leads in banking, auto, realty and energy stocks  The Nifty futures is managing to sustain above 7200 levels, but is not gaining momentum to extend its up move sharply. Gains were led by ICICI bank, Reliance Industries Tata Motors, L&T, Sun Pharma.   The 50-share NSE barometer Buying was visible in healthcare stocks. The healthcare index was up 1.17 % Oil & gas index was the top sectoral gainer up 1.23 %. Castrol India was the top gainer from this space up 2.76 %.  The market breadth remained positive as about 1386 shares advanced against 1089 declining shares on the BSE. Equity benchmarks extended gains in afternoon trade with the Nifty reclaiming 7250 level, aided by oil, pharma, technology and banks stocks.Data showed that topline growth of the Nifty50 companies fell 2 % in December quarter, while PAT dropped 15 %, let down by weak numbers from commodities and capital goods companies.  Oil prices recovered today following steep losses in the previous session, supported by a fall in the number of US rigs in use, but analysts said general oversupply was keeping the market weak. Gold prices fell by Rs 280 to crack below the Rs 29000 mark to Rs 28970 per ten grams at the bullion market today  tracking a weak trend overseas amid subdued demand from jewelers at domestic spot market. The Indian rupee recouped some of its early losses but still traded weaker at 68.54 per US dollar, down 0.11%, from its previous close of 68.47. Railway Minister Suresh Prabhu will present the rail budget on February 25 while Finance Minister Arun Jaitley will unveil the union budget on February 29.
HUL, Reliance, sun Pharma, Dr Reddy's Labs and ONGC were top gainers while ITC, Adani Ports, Maruti, Wipro and GAIL are losers in the Sensex.

Friday, 19 February 2016

BUDGET WILL BE DECISIVE MARKET BREADTH TURNED POSITIVE

Fridays have been good for the stock market in India in recent weeks  although it has not managed to live up to its previous week’s performance today  indices have just managed to end with minor gains. The Sensex ended a choppy session with gains of 59.93 points or 0.25 % at 23709 Nifty also managed to eke out gains to close at 7,210.75, up 19 points, or 0.26 per cent.It was a quiet day of trading with markets moving between losses and gains.  Banking shares gained for the second straight day, with public sector banks taking the lead. The government is likely to set up abad bank to take over the non-performing assets. Telecom stocks rallied in the session after reports emerged that Telecom Commission may discuss the liberalization of 800MHz spectrum in circles that lack market-determined prices. Meanwhile, energy stocks witnessed heavy selling with Hindustan Petroleum and IOC losing the most. Oil stocks fall as oversupply woes hit crude supplies globally; Hindustan Petroleum falls 4.9 per cent, IOC down 4.1 per cent, Bharat Petroleum loses 2.8 %.For the most part of the day, the Sensex and Nifty traded on a subdued note tracking losses in other Asian markets and selling in oil & gas, FMCG, capital goods and metal stocks. However, a spurt in the late noon deals pulled the benchmark indices out of the negative territory. On February 19 Indian Rupee and Bond Market will be closed on accounts of Shivaji Jayanti Some buying activity is seen in telecom, auto, utilities and consumer durables sectors while oil and gas, energy, capital goods and pharma are losing sheen on the BSE. The broader markets also ended on a subdued note .
Among other Asian markets, Japan's Nikkei climbed 2.47 per cent while Hong Kong's Hang Seng was trading higher by 2.04 per cent in early trade. Shanghai's Composite index was up 0.23 %
Top Gainers: PNB, Hero MotoCorp, SBI, Bosch, Tech Mahindra, Asian Paints, Bajaj-Auto, NTPC and UltraTech Cement
Top Losers: BPCL, BHEL, Maruti Suzuki, Coal India, Vedanta, Dr.Reddy's, Axis Bank and HDFC were among the losers today.




 


Thursday, 18 February 2016

DING DONG DING...!!! MARKET IS ON SWING

TATAELXSI HIT FIRST TGT 1930 MADE HIGH OF 1938.95
India’s stock markets rose more than 1 percent on Thursday to post its second straight day of gains as energy and mining stocks were boosted by a rise in crude oil prices, even as European shares faltered after poor corporate results. The Sensex closed the day with gains of 267 points, while the Nifty gained 83 points in trade. All sectors are trading in green on BSE. Sentiment remained firm as buying picked up momentum after other Asian markets rose following a strong Wall Street closing on a surge in crude oil prices, which provided much- needed confidence as key producer Iran agreed to an output freeze by Saudi Arabia and Russia. Buying in pharma space too aided sentiments on report that department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers is expected to come out with a new bulk drug policy in less than a month with an objective to grow the Indian pharmaceuticals sector to a $200 billion industry by 2030.ICICI Bank, which hit a fresh 52 week low on Wednesday saw some value based buying after reports that the bank was planning to look at retail loans to clear the NPA mess. The stock was up almost 3 per cent in trade. Among others, ONGC and Hindalco Industries also rallied 4.5 % each followed by Infosys, ICICI Bank, Lupin, Hero Motocorp and Wipro with 2.5-4 % gain while Reliance Industries, Maruti Suzuki, Axis Bank, Adani Ports and BHEL were down 1-2.5 percent. Overall the market has been rangebound and in fact, it has been trying to hold 7000 level on the Nifty as a support, at least till the Union Budget. The Indian rupee opened higher by eight paise at 68.39 per dollar today against 68.47 on Wednesday.

Wednesday, 17 February 2016

WINNING WEDNESDAY….!!! MARKETS GAIN MOMENTUM

BUY TATAELXSI ABOVE 1910 TGT 1930/1965 SL 1875

After a sharp sell-off the market gained in last hour of trading. The Sensex ended up 189.90 points or 0.8 %at 23381.87 and the Nifty was up 60.20 points or 0.8 % at 7108.45. About 1122 shares advanced, 1424 shares declined, and 148 shares were unchanged. The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 2472, shares advanced were 610 while 1737 shares declined and 125 were unchanged. The Indian rupee depreciated to near record lows against the American dollar, forcing the Reserve Bank of India to intervene to stem further falls. International crude oil prices remained volatile in today’s trade.  After climbing higher in the morning trade, oil prices have dropped on the backdrop that Iran may not agree to a deal between Saudi Arabia, Russia and other producers to freeze oil output at January levels, thus keeping the current oversupply intact.

Tuesday, 16 February 2016

TWIST IN THE BULL TALE!!! BEARS PULLS BULLS BACK

After previous day’s sharp upswing, just when one thought that the momentum has returned There was blood shed all over the bourses the  Sensex wiped off all early gains to end the day 362 points on Tuesday, while broader  Nifty slipped below its key 7050mark after testing 7,200. Market breadth turned fairly negative with 26 of the 30 Sensex components ending the day in red. Banking shares are trading lower after SBI chairman says non-performing assets will rise in the March quarter as well, and profitability will get impacte. Syndicate Bank is down 5.2%, State Bank of India 3.6%, Central Bank of India 3.6%, Punjab National Bank 3.3%, Canara Bank 3.3%, Bank of Baroda 3.3%, Uco Bank 3.2%, Allahabad Bank 2.5%, DCB Bank 2.4%, Union Bank of India 2.3% and Corporation Bank 2.2%.SBI was the worst performing stock on both the headline indices and lost nearly 7 %.  European stock markets rose on Tuesday, helped by stronger energy stocks which gained ground as oil prices surged on the possibility of output cuts. The Indian currency weakened further against the US dollar dampening sentiment. Meanwhile, oil prices gave away gains after a meeting between oil ministers from Saudi Arabia and Russia ended with consensus to freeze output at January's levels; however, there would be no cut in production. The Union Petroleum and Natural Gas Minister Dharmendra Pradhan has stressed on the need to enhance domestic production of Oil & Gas through process and technical improvements, besides enhanced exploratory coverage. The rupee was trading lower by 15 paise at 68.22 against the American currency in early trade today at the Interbank Foreign Exchange market as the dollar firmed up overseas.  

Monday, 15 February 2016

MARVELOUS MONDAY!! MARKET SHOWED POSITIVE MOOD

After a long time Sensex closed up 568 points at 23554.12 and the Nifty was up 182 points at 7162.95. after the Chinese central bank PBoC allayed some fears over depreciating yuan by setting its fixing at a 1 month high .Reeling under the impact of gross budgetary support cut and falling revenue collection, Railways is firming up plans to to slash operational cost and working expenses considerably to meet its financial requirement. Fall in crude oil futures is mostly in step with a weak trend in Asian trade after soaring at the end of last week as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Data across the globe was negative with preliminary figures showing Japanese economy contracting in the December quarter, while both imports and exports in China degrading in January. The Indian Rupee was trading up 12 paise at 68.11 per US dollar. Vedanta, NMDC and Jindal Steel were up 17.85 %, 15.60 % and 13.45 %, respectively. The BSE Metal index was up nearly 10 per cent at 6,952.15.In the broader market, the BSE Midcap and small cap indices were up 3%-4% each. Market breadth ended positive with 1802 gainers and 392 losers on the BSE. The wholesale price index (WPI)-based inflation fell for the 15th straight month in January, dropping 0.90% compared to 0.73% in December. Government data released on Monday showed that total build up in the inflation for the current financial year leading up to December was 0.23% as compared to a 1.66% fall in the corresponding period of the previous year. The recovery among markets was extremely positive as the beaten down sectors were in focus and performed much better in comparison to other sectors
 
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 HDFC were among the losers today.
 

Friday, 12 February 2016

BACK HOME IN A BLOODY CARNAGE ON DALAL STREET

It looked like a happy ending for the week considering the bloodbath on Thursday 6976.35.  The Sensex ended up 34.29 points at 22986.12 and the Nifty was up 4.60 points at 6980.95. The market breadth also improved as three shares declined for every share advancing on the BSE. Healthcare major Apollo Hospitals Enterprise reported 14.96 percent rise in standalone net profit to Rs 109.23 crore for the December quarter. The weakness in market sentiment was attributed to a banking sector led global equity selloff and disappointing earnings back home. The scary bit was, however, the fact the benchmark indices breached multiple support levels, with the Nifty5 falling below its crucial psychological level of 6900 during intra-day trade. The first half of the trading session looked rather hopeless, with the Sensex falling some 351 points and Nifty50 shedding 155 points at one point after opening gains, things looked up in the afternoon session after the European markets opened in the green. The rupee is trading at 68.28, up 0.02%, from its previous close of 68. Indian stocks swung between gains and losses, with the benchmark gauge poised for its biggest weekly decline in more than six years after it entered a bear market on Thursday.

Thursday, 11 February 2016

BEARS ENGULFING THE MARKET TIGHTLY

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There was blood on the D street as the Sensex is down 807.07 points at 22951.83 and the Nifty recorded days high and low at 7271.85 and 6970.2 points respectively. Stocks of public sector banks led losses for key benchmark indices. Weak Asian cues spoiled investors’ sentiment. Sectors like Finance, Industrials, FMCG, Consumer Durables, IT, Telecom and Utilities dragged the market down further. Scrips of Tata Motors, SBIN, Adani Port, HDFC and Cipla lost. State Bank of India, the nation’s top lender by assets, reported profits of the bank in the third quarter fell due to steep rise provisions it had to make for bad loans. The earnings of the banks fell 61% over corresponding period ending December 2014. The shares of SBI were traded at Rs 163 up 2.5% over Wednesday's closing. The market fell steeply on the back of continuing concerns about a global slowdown and the consequent impact on the financial sector. T

Wednesday, 10 February 2016

STOCKS AND NIFTY WITNESSED THE DOWNTREND


Indian stocks fell more than 1% for a third consecutive session on Wednesday, pushing indices to their lowest since May 2014. The Sensex ended down 262.08 points at 23758 and the Nifty down 82.50 points at 7215.Banking stocks were the worst hit in trades today. The Bank Nifty settled 1.93 & lower at 14588 while the PSU Bank Nifty a sub-index of the state-run lenders, slumped 5.38 %.The PSU banking shares are witnessing heavy selling after a string of public sector banks reported huge losses on account of rising bad loans in the December quarter. Real estate, auto and healthcare stocks also witnessed selling pressure. Heavy selling from foreign institutional investors has also been weighing on Indian markets since the start of this year. FIIs sold over Rs 11,000 crore of Indian shares in January, the biggest in one month since 2008.From the Nifty-50 basket of stocks, 37 stocks declined while 13 stocks advanced Infosys, M&M, Apollo Tyre, CEAT, Hathway and SPARC are among the gainers, whereas Tata Motors, Adani Ports, Dr.Reddy's and SBI are losing sheen on BSE. Indian Rupee opened flat at 67.90/$ in early trade on Wednesday as against the previous close of 67.90/$. Today, the rupee movement will be in focus. In the Asian region, Asian stock markets took another battering today, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy and the possibility of a global recession. Among other Asian indices, Japan's Nikkei was down 2.3 percent at 15,713.39 while Chinese markets are shut on account of Lunar year celebrations. Aurobindo Pharma shares fell 11.34 % to Rs 659. Company post the market hours on Tuesday reported better-than-expected net profit of Rs 535 crore on sales of Rs 3432 crore.

Tuesday, 9 February 2016

MARKET KEEPS SWINGING BACK AND FORTH

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“SELL CRISILBELOW 1830 TGT 1820, 1800”
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After a lot of struggle, the market ended with severe losses. Sensex slipped 1.1 % at 24020 and Nifty ended down 1.2 % at 7298. About 856 shares have advanced, 1747 shares declined, and 119 shares are unchanged. Top IT and banking stocks pulled the domestic equity benchmarks down on Tuesday amid a global selloff in equities, as the market extended the losing streak to a second day. Domestic market sentiment was hurt mainly by poor earnings and Monday's lower-than-expected GDP data. Economic growth slowed in the last quarter of calendar 2015 with GDP growing at 7.3 % annually during the October December quarter. The Chinese markets were shut for the day on account of the Lunar New Year. Japan's Nikkei index fell 5.40 %to 16085 points. Shares of Vedanta fall 3 %. Goldman Sachs cuts Vedanta to neutral from buy cuts target price to Rs 77 rupees from Rs 135. Greek woes have come back to hit global financial markets yet again amid concerns over the future of government reforms. Asian markets ended in red on Tuesday after US and European markets fell sharply overnight on concerns over slowing global growth and speculation over the Federal Reserve raising rates further in March. Japanese shares fell after a selloff in the European banking sector triggered safe-haven bids for the yen, sending dollar crashing through the 115-yen level to its lowest since November 2014. Nikkei 225 declined 918 points to 16085 and Jakarta Composite was down by 30 points to 4768. Wall Street rode another wave of selling on Monday that sent US stocks sharply lower. The Dow Jones fell 177.92 points to 16027.05. Maruti Suzuki, Axis Bank, Cipla, Larsen & Toubro, Mahindra & Mahindra and HDFC Bank were the other prominent losers.On the positive front, Lupin extended its bull-run and gained another 4.5 percent at Rs 1,903. Sun Pharma jumped over 2 percent to Rs 855.NTPC ONGC, Bajaj Auto and Gail India were the other major gainers up 1-2 %each.

Monday, 8 February 2016

NIFTY ENDED FALLS OVER 160 POINTS IN A SEESAW TRADE

BUY JINDALSTEL ABOVE 62 TGT 63.40, 65.20 SL 60
SELL HDIL BELOW 69.50 TGT 67.40, 65.50SL 72.20
The domestic equity market ended in the red on Monday following weak cues from the European market. The falls came late in the session, and more than offset earlier gains when metal firms such as Tata Steel and lenders rallied after the country set minimum import prices for steel productsThe market was cautious ahead of the crucial gross domestic product data, which is due later in the day. The indices were flat for most part of the day, but in the last one hour of trade, the market witnessed brisk selling. Bank stocks were the main pillar of support on Monday, as BSE bankex gained for the major part of the day but eventually ended 0.58 % lower back home, selling was visible across the sectors. IT, FMCG, oil & gas, healthcare, auto and power stocks were among the worst hit in trades today. Tata Motors was the top loser in the Nifty.

Friday, 5 February 2016

BULLS ARE BACK WITH A BANG


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The market ended with big gains. Sensex closes 278.54 points, higher at 24616.97 while the Nifty 50 closes 85.10 points, higher at 7489.10. Shares of Lupin surge 9.04% to Rs.1, 801.45 apiece on BSE after December quarter results. About 1577 shares have advanced, 1046 shares declined, and 151 shares are unchanged. The buying momentum was so swift, that all the sectoral indices on the BSE ended with smart gains. Metals, healthcare index were the top gainers followed banking, telecom, industrials, consumer durables and realty index. Even the mid-cap and small-cap stocks were in action. In fact the broader indices outperformed the benchmarks.A strong rally in the US market in overnight trade amid a rebound in crude prices helped investor sentiments on Dalal Street. Pharma stocks, which have been under pressure for a while, rallied, led by Sequent Scientific and Sun Pharma. Steel stocks rallied amid rumors that the government was set to impose a minimum import price on steel. State-run SAILBSE 6.10 % jumped Rs 73.20.The rupee ended at 67.65, down 33 paise against the US dollar. Banking stocks are trading higher. Canara Bank is up, Axis Bank, Karnataka Bank, Indian Overseas Bank, Oriental Bank of Commerce, Union Bank of India, DCB Bank, Bank of India, Kotak Mahindra Bank, Yes Bank, Andhra Bank. Lupin, Axis Bank, Tata Steel, Cipla and Dr Reddy's Labs were top gainers while GAIL, Maruti, Adani Ports, NTPC and Wipro were losers in the Sensex.
MOST ACTIVE SHARES ON EXCHANGE
SpiceJet, Tata Steel, Jet Airways, Trent, Eicher Motors, ICICI Bank and Maruti Suzuki 
 

Thursday, 4 February 2016

PERFECT WIND FOR SWING TRADING

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Equity benchmarks trimmed gains in last hour of trade. The market has ended higher, snapping three days of weakness. The: Equity benchmarks trimmed gains in last hour of trade. Sensex was up 115 points at 24338.43 and the Nifty up 42.20 points at 7404. The second half saw good bout of short covering in stocks, however, the market breadth remained negative for the day. The indices also didn’t breach yesterday’s low which is also a mild positive indication. two-day India Investment Summit 2016 started with Finance Minister Arun Jaitley highlighting the opportunities India offers to investors and sought investment in sectors like road, highways, oil & gas, urban infrastructure and railways. Wockhardt cracked 11% after US FDA has made 9 observations for which appropriate reply would be submitted to inspecting authority in due course. The rupee supported the recovery as it appreciated by 37 paise to 67.70 intra-days against the dollar. Higher Asian shares and a better opening in European markets, tracking overnight gains in the US on rebound in oil prices, triggered fresh buying here, but investor concerns remained over muted quarterly results. The key Q3 results include B&A Packaging India Ltd. Alstom India Ltd. Ambar Protein Industries Ltd. Aris International Ltd. Elgi Equipments Ltd India Home Loan Ltd. Munjal Showa Ltd. Tata Power Company Ltd. Sona Koyo Steering Systems Ltd.
TOP NIFTY GAINERS: VEDANTA, CAIRN, HINDALCO, TATA POWER, L&T ONGC L&T ASIAN PAINTS INFOSYS LTD, ADANI PORTS & SEZ
TOP NIFTY LOSERS: LUPIN, GAIL, CIPLA, NTPC, YES BANK, NTPC, GAIL, CIPLA, SBI

Wednesday, 3 February 2016

THE MARKET CAUGHT UNDER BEAR HAMMERING ON WEDNESDAY

TAKE CALL ROCKS HIT FINAL TGT GIVEN YESTERDAY!!!!!!!!
FOR MORE ROCKING CALL FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE>>>>>>>>>>>>
“SELL JUSTDIAL BELOW 545 TG 540,533 SL 555”
The market breadth remained in negative terrain on Wednesday amid weak global cues, with power and bank stocks coming under bear hammering.Sensex plunges 315 pts, Nifty50 below 7400.More than three shares declined for every share advancing on the Bombay Stock ExchangeNifty50 has strong support around 7200 or thereabouts from where the market rebounded many times earlier. But with the budget in the offing, people would be discussing that over the next couple of weeks and that might offer some support. Plus, FIIs have been continuous sellers and it looks like domestic investors are also joining the party In the forex market, the rupee ended at 68.17, up 19 paise against the US dollar. the recent fall in the domestic share prices, traders view it as a buying opportunity and feel India will outperform once current bout of selling is done. Selloff in banking stocks worsens, with Axis Bank emerging the biggest loser in the Sensex pack, down 2.58 per cent, followed by ICICI Bank over 2 per cent, SBI 1.62 per cent and HDFC Bank 1 per cent. Bank shares are on a falling spree after RBI governor Raghuram Rajan refused to delay the March 2017 deadline for the domestic lenders to clean up balance sheets. Tata Motors was down 2.8 % after slow sales growth in US. Jaguar Land Rover sales increased 7 % year-on-year to 7007 units in US. Among others, Reliance Industries, Infosys, HDFC, HDFC Bank, Axis Bank, SBI, NTPC, BHEL and Tata Steel declined 1-5 % while HUL bucked the trend, up 2.7 %.


Tuesday, 2 February 2016

NON EVENT DAY FOR THE MARKET RBI LEAVES REPO RATE UNCHANGED

ACC ALLMOST HIT FINAL TG
SELL TAKE BELOW 140 TG 138,135 SL 143
Markets lose momentum in volatile trade as RBI kept rates unchanged. Rajan will also likely remind the banking sector to cut their lending rates further. Currently, the repo rate, at which RBI lends overnight funds to banks, stands at 6.75 %, down 125 bps since January. The market extended losses amid volatility in afternoon trade, weighed down by banks, oil, and metals and selects pharma & infra stocks. The Sensex ended down 285.83 points or 1.1 % at 24539. The Nifty closed down 100.40 points or 1.3 %at 7455. Earlier, the RBI kept the repo rate unchanged at 6.75 per cent, though it maintained an accommodative stance on the money policy front. "Bank Nifty continues to remain weak. After a minor rally we saw near the money policy announcement, the index has again given up all the gains. On the global front, Asian markets were trading mostly in red at this point of time, as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about sluggish global economic growth. However, a sudden selling pressure emerged in last 30 minutes of trade which led to Sensex plunging as much as 364 points and Nifty going below its crucial psychological level of 7,450. DLF Ltd slips 1.2% to Rs.95.55 ahead of its December quarter earnings. According to Bloomberg estimates, the company post net profit of Rs.151 crore on net sales of Rs.2531.40 crore. Tech Mahindra Ltd drops 4% to Rs.478. after the company said that its December quarter revenue in dollar terms rose 0.36% sequentially, marginally faster than analyst estimates. However, the company continued to struggle to record sustained growth as reflected in a decline in the US, its largest market.Tata Steel, NTPC, BHEL, Hindalco and Cipla were major losers while Bharti Airtel, Bajaj Auto, Lupin and Wipro were gainers in the Sensex.

ACC CALL UPDATE

Monday, 1 February 2016

ALL EYES ON RBI MONETARY POLICY

"BUY ACC ABOVE1272.80 TGT 1276& 1284 SL 1268.30"
Domestic equity witnessed a strong gain in morning trade but gave up all the gains through the day to end in the negative .Sensex declined 46 points to 24825 and Nifty dropped 7 points to 7555. The broader markets outperformed benchmarks with the Midcap and small cap indices rising 0.6 % and 0.3 % respectively. About 1422 shares advanced against 1264 declining shares on the BSE.  Weakness on the bank counter amid NPA concerns, a fall in auto stocks on tepid January sales data and mixed cues from global markets pulled the indices down towards the end of the session. All eyes are now on the Reserve Bank of India's bimonthly money policy review scheduled for Tuesday. The rupee ended at 67.83, up 4 paise against the US dollar. In December, WPI-based inflation stood at -0.73 %, while retail inflation moved up to 5.61 %. RBI is scheduled to announce its sixth bimonthly monetary policy review on Tuesday. The the short-term lending rate at which banks borrow from RBI came down to 6.75 percent. In the last calendar year, RBI reduced key policy rates by 1.25 % points. Suzlon Energy Ltd drops 7.2% to Rs.18.85. The company has reported a consolidated net loss of Rs.113.17 crore in the December quarter compared with net loss of Rs.6538.68 crore a year ago. Market breadth for the day remained mildly negative and advances to declines ratio for Nifty stood at 22:28 for the day. Volumes for Nifty stocks stood at 2066 lakh against Friday’s volumes of 3076 lakh for Nifty stocks. Asian equity markets ended mix on Monday as oil prices declined after last week’s sharp rally and a slew of data painted a mixed picture of the Chinese economy.
Top Gainers: Adani Ports, Yes Bank, Coal India, ACC, Cipla
Top losers: ICICI Bank, SBI, Maruti Suzuki, Maruti Suzuki, Bank of Baroda