ROLLER COASTER RIDE! NIFTY END IN THE GREEN

FOR FREE TRIAL CALLS FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE>>>>>>>>>>>>
Overall it was a consolidation day for the market that has been in a tight range of 7600-8000 for more than a month. Nifty started off the May series on a flat note after more than a percent upside in previous series, shrugging off weak global cues. The Sensex rose 3.52 points to close at 25606 after trading in a 300 point range. The Nifty touched an intraday low of 7788 before closing up 2.55 points at 7849. Experts believe the current consolidation could be an indication of further rally in near term. They expect the Nifty could cross 8000 level soon, citing improving fundamentals and stable commodities. Idea Cellular plunged 6.5% after showing a 24.7 percent sequential degrowth in Q4 profit.

SENSEX ENDS 57 PTS UP AHEAD OF F&O EXPIRY,

MCX ROCKSSSS HIT TGT 900 BUY CALL GIVEN AT 890 ON 25 APR 2016
The S&P BSE Sensex closes marginally higher as investors stayed cautious ahead of the US and Japanese central bank policy decisions, while private sector lender Axis Bank Ltd fell on expectations of more bad loans in fiscal year 2017. Regional markets are also cautious, with Asian stocks mostly declining. Sentiment at home remains muted ahead of the expiry of derivative contracts on Thursday. The Sensex ended up 56.points or 0.2 percent at 26064.12, and the Nifty was up 17.25 points or 0.2 percent at 7979.90. About 1274 shares have advanced, 1281 shares declined, and 193 shares are unchanged. Bharti Airtel shares jumped as much as 6 per cent on Wednesday ahead of its fourth quarter earnings announcement today. Bharti Airtel, India's biggest telecom operator, is likely to post 13 per cent sequential jump in its net profit at Rs 1,263 crore, while its revenue is seen growing 3 per cent to Rs 24,711 crore in the March quarter, The stock markets turned flat as selling in banking shares picked up pace. Economic stability in developed countries will fuel growth in the IT services sector benefiting Indian companies, which will see revenue growth, stabilise at around 13 %. Some buying activity is seen in oil and gas, telecom,  energy, FMCG, industrial, consumer durables and realty sector, while power, utilities, pharma, banking and finance showing weakness on BSE. A total of 28 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. The rupee depreciated 3 paise to 66.55 against the US dollar in early trade on Wednesday ahead of the outcome of two-day Fed policy meet later in the day. PSU banking shares witness selling pressure, Nifty PSU index falls 0.88 per cent; State Bank of India, Syndicate Bank, Indian Overseas Bank, Canara Bank, Bank of India, Oriental Bank of Commerce, Andhra Bank and Bank of Baroda were among the losers.

SHAKY START, FANTASTIC FINISH!! NIFTY CLOSES 7950

BUY WOCKPHARMA ABOVE1040 TGT 1050/1070 SL 1020
Late hours rally pushed market higher. The Sensex ended with a gain of 328 points at 26007. Sensex opened at 25605 touched an intraday high of 26055 and low of 25549. The NSE Nifty closed with a gain of 107 points at 7963. The NSE Nifty opened at 7828 hitting a high of 7975 and low of 7823. The Indian Rupee was trading up 9 paise at 66.52 per US dollar. The Q4 earnings of India Inc has been better than expectations so far and that is helping support the markets. Maruti Suzuki shares rise nearly 3 per cent. The net profit of the automaker in its March quarter narrowly missed analysts' estimates but revenues were higher than expectations.

MARKET TUMBLING.DOWN BEFORE EXPIRY

BUY MCX ABOVE 890 TGT 900/925 SL 875
The BSE Sensex ended with a loss of 159 points at 25,679. The BSE Sensex opened at 25,891 touched an intra-day high of 25,891.03 and low of 25,586. Just when you thought the market was gaining pace and might rise further, it lost momentum as investors turned cautious due to major actions in global markets.  A big positive for Maruti would be strong fourth quarter numbers with margins of over 15 percent. Midcap IT companies do not offer much at this point with expectations of a good monsoon, fast-moving goods companies (FMCG) like Bajaj Corp and Maruti will benefit.

FLAT FRIDAY CLOSE! THE MARKET HAS ENDED IN RED ON A DAY OF CONSOLIDATION

It was a day of consolidation on Dalal Street with the benchmark indices closing flat for a third consecutive day. The Sensex was down 42.24 points at 25838.14, and the Nifty slipped 12.75 points at 7899.30. About 1242 shares advanced, 1313 shares declined, and 165 shares were unchanged. The Bank Nifty was the outperformer even for the week clocking 2.7 percent gains. The index closed at a nearly a four month high today. SBI and Axis Bank gained 1-3 percent in today's trade. HDFC Bank, India’s second largest private sector, reported good January-March results on the back of a robust growth in its loan book. Meanwhile, China stocks edged up on Friday, as strength in consumer and tech shares offset a slump in resources plays, but major indexes posted their biggest weekly decline in three months. Oil prices rose in Asian trade, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing oversupply.

D STREET HAS SNAPPED 6 DAY WINNING STREAK AS IT LOST STEAM

SELL 200 SHARES BATAINDIA BELOW 555 TGT 548/539 SL562
The Sensex was up 36.20 points or 0.1 percent at 25880 and the Nifty is down 2.70 points at 7912About 1085 shares have advanced, 1489 shares declined, and 153 shares were unchanged. Banks rallied once again as the RBI finally relented on bad loan provisioning. The central bank has allowed banks to drop 20 companies like Jaiprakash Associates and Essar Steel to from the initial list of 150 defaulting firms. On commodities sides, crude prices were steady due to an IEA report which says that production in non-OPEC countries will fall significantly this year but immediate production glut concerns still remain. The ECB is due to meet today but the central bank is widely expected to hold interest rates steady following its decision last month to cut its main interest rates, expand its bond-buying program to 80 billion euros a month and add corporate bonds into the mix.

NIFTY TRADED IN A NARROW RANGE

IBREALEST CALL GIVEN ON 18 APRIL CASH BLOG ACHIEVED FIRST TGT AND ON HOLD FOR SECOND
After a consolidation, the Nifty ended higher for the sixth consecutive session on Wednesday, The S&P BSE Sensex closes 0.11%, or 27.82 points, higher at 25,844.18, while the Nifty 50 closes flat at 7,914.75 points. Shares of Wipro Ltd closes 2.31% higher at Rs.602.75 apiece on BSE ahead of its March quarter (Q4) results.supported by banking & financials and metals stocks. Weakness in European peers limited the upside.The metal, consumer durables, banking and capital goods were among the top gainers. On the other hand, telecom, oil and gas, realty and pharma stocks ended with losses. Some buying activity is seen in metal,consumer durables, power, capital goods, basic material, industrial, utilities and banking sector, while energy, IT, telecom, oil and gas, pharma, realty and auto are showing weakness on DCB Bank surged 10.6 percent. Kotak has upgraded DCB Bank to add from sell with unchanged target price of Rs 100 as it expects 15-16 percent return on equity in the long term .

AFTER INFOSYS MARKET EYE ON WIPRO RESULTS TOMORROW

After Infosys and TCS, another IT major Wipro is all set to declare its fourth quarter and full-year results for the period ending March 31, on Tuesday. Besides results, the Wipro board will also consider a buyback plan. Analysts will be keen to get clarity on the number of shares Wipro would buy and the price at which it would buy them.

INFOSYS PLAYED MAGICAL ROLE HELPING NIFTY CROSS HURDLE OF 7900

BUY IBREALEST ABOVE 57.70 TGT 58.90/60.50 SL 56.40
Infosys came out with better-than-expected results and that's why we are seeing some cheer in the market but this has to be followed up by TCS Infosys helped the BSE Sensex gain more than 200 points intraday Monday despite weakness in global peers due to slump in oil prices. The broader markets outperformed benchmarks with the Midcap and Smallcap indices rising more than 1 percent.  Sensex ended with a gain of 189 points at 25816. Sensex opened at 25833 touched an intra-day high of 25870 and low of 25634. The NSE Nifty closed with a gain of 64 points at 7915. The NSE Nifty opened at 7908 hitting a high of, 921 and low of 7843. Infosys was the biggest gainer on Sensex today, up 5.7 percent after operating profit in March quarter. Even its FY17 dollar revenue guidance of 11.8-13.8 % is better than Nasscom's industry growth forecast of 10-13 %.

WEEKLY UPDATE OF JINDALSTEL

LAST WEEK RECOMMENDATION UPDATE:

JINDALSTEL HIT FIRST TGT

MONSOON MANIA IN MARKET…HAPPY BULLS MADE TRADERS HAPPY

Extending gains for the third consecutive session, the  Sensex jumped 481 points to end above its crucial psychological level of 25000, while broader  Nifty reclaimed its key 7850-mark. Market breadth turned fairly positive with 28 of the 30 Sensex components ending the day in green.  Monsoon has a charm of its own. Even before the sky can get overcast, the Indian equity market extended its winning streak to the fourth consecutive trading session after forecast of above normal rains during the upcoming monsoon season lifted sentiment . The auto, banking, realty and metals stocks led the rally, which saw the Nifty end at its highest closing level since January1, 2016. FMCG, oil & gas, power and industrial were among the other major gainers. Even the mid-cap and small-cap stocks participated in today’s upswing. 

RAIN GAIN! POSITIVE MOMENTUM IN THE MARKET

JUSTDIAL HIT FINAL TGT 845 MADE HIGH OF 866.45

The Indian equity market ended with smart gains on Tuesday extending its winning streak to the third consecutive trading session. Indices surged higher after Skymet on Monday predicted an above normal Southwest monsoon this year. After market hours, MET department also predicted monsoon to be above normal. Indian monsoon rainfall may be 106% of long period average this year. The sentiment was optimistic ahead of IIP and inflation data scheduled to be released later today. The upside could be on the back of good monsoon expectations and ahead of industrial output data. Rebound in Europe after weak opening also aided sentiment Indian stock market closed higher for the second consecutive session on Tuesday. The BSE Sensex ended with a gain of 123 points at 25,145. The BSE Sensex opened at 25,056 touched an intra-day high of 25,180 and low of 24,996. Reliance Industries Infrastructure Ltd rises 2.3% to Rs.452 ahead of its March quarter earnings.  Bharat Petroleum Corp shares were trading 1.07 per cent up at Rs 926.60. BPCL board on Monday approved proposal to seek shareholders’ consent for increasing the FII investment ceiling from 24 per cent up to 49 per cent. According to Bloomberg estimates, on standalone basis the company may post net profit of Rs.4.99 crore and net sales of Rs.23.50 crore. Banking stocks are trading higher. ICICI Bank up 2%, Punjab National Bank up 1.2%, Oriental Bank of Commerce 1.1%, City Union Bank 1.1%, Karur Vysya Bank 1%, Kotak Mahindra Bank 0.7%, Axis Bank 0.7%, Federal Bank 0.5%, Axis Bank 0.5%, Syndicate Bank 0.8%, Canara Bank 0.8%, Bank of Baroda 0.8%, Bank of India 0.7%, Union Bank of India 0.7%.The Indian Rupee was trading down by 4 paise at 66.46 per US dollar. Asian equity markets ended mostly higher on Tuesday. Japanese shares rallied as the yen pulled back from the previous day’s 17-month high against the dollar, lifting shares of exporters as well as recently battered banks. However, Chinese shares succumbed to profit taking after sharp gains in the previous session on the back of encouraging consumer as well as producer price inflation data. China’s Shanghai Composite index also dropped on liquidity worries after the country’s securities regulator approved seven initial public offerings that will raise a total 2.8 billion yuan too led to drop in Chinese shares.

BULLS CAME BACK IN POWER ON MONDAY TCS, INFY LEAD

BUY JUSTDIAL ABOVE 826 TGT 833/845 SL 818

The BSE Sensex opened at 24,798 touched an intra-day high of 25,050 and low of 24,423. The NSE Nifty closed with a gain of 116 points at 7671. The NSE Nifty opened at 7578 hitting a high of 7679 and low of 7517. The India VIX (Volatility) index was down 3.11% to 15.9200.A total of 25 stocks registered a fresh 52-week high in trades today, whereas 14 stocks touched a new 52-week low on the NSE. Telecom stocks are trading higher after Bharti Airtel Ltd, India’s largest phone company, will spend Rs.3,500 crore to acquire (4G) spectrum from Aircel Ltd in eight telecom zones as it prepares for a high-stakes battle with Reliance Jio Infocomm Ltd. The purchase will make Bharti Airtel a pan-India 4G operator, matching Reliance Jio, which is preparing for the commercial launch of its high-speed services later in 2016. Bharti Airtel Ltd rises 3.7% to Rs.346.50, Idea Cellular Ltd rises 3.7% to Rs.112.90, Reliance Communications Ltd rises 1% to Rs.51.Meanwhile, for the cement companies, the fourth quarter historically is a good quarter and so they may post good numbers but there is no fundamental change in structural demand as such. TCS and Infosys, which normally begin quarterly earnings season, were top contributors to Sensex' gains, rising 3.2 percent and 1.5 percent, respectively. TCS will announce its Q4 earnings on April 18. Investor sentiment was buoyed by a strong opening in the European markets and higher expectations of a strong performance from Big IT companies in the forthcoming earnings season.

WEEKELY TRADING TIPS FOR STOCK CASH

"BUY JINDALSTEL ABOVE 68 TGT 70/74 SL 66.50"

Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 6097.83 Cr.) operating in Iron and Steel sector. For the quarter ended 31-Dec-2015, the company has reported a Consolidate sales of Rs. 4133.30 Cr., down -9.11% from last quarter Sales of Rs. 4547.53 Cr. and down -16.90% from last year same quarter Sales of Rs. 4973.71 Cr. Company has reported net profit after tax of Rs. -585.53 Cr. in latest quarter.Jindal Steel & Power Ltd has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended March 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

END-OF-DAY STOCK PRICE - NSE

April 08, 2016

Open Price	59.7
High Price	67.9
Low Price	59.7
Close Price	66.65
Absolute Change	6.4
Percentage Change	10.6%
Weekly Change	4.96%
Monthly Change	2.46%
Yearly Change	-57.2%
52-week low	48.1
52-week high	169.6

 

 

 

FLAT CLOSE ON FRIDAY…!!!! NIFTY ENDS A TAD HIGHER

JINDALPOLY HIT FIRST TGT 487 MADE HIGH OF 489.40
The BSE Sensex ended with a loss of 12 points at 24674. The BSE Sensex opened at 24666 touched an intraday high of 24736 and low of 24609 The India VIX (Volatility) index was down 2.96% to 16.4325. On the global front, China's Shanghai Composite index closed down 0.76% and Hang Seng up 0.51%. Indian stock markets closed little changed on Friday as investors took a pause before a busy week of corporate results, but the stock indexes posted their biggest weekly fall in six due to profit-taking in recent outperformers.NTPC, BHEL, Tata Power, Tech Mahindra, GAIL, Grasim, ACC, Eicher Motors and Yes Bank were among the gainers on NSE, whereas TCS, Hero MotoCorp, Maruti Suzuki, Infosys and Axis Bank were among the losers today. Mid-cap stocks outperform.

A GOOD SLIDE DOWN OF NIFTY

 JINDALPOLY BUY ABOVE 482 TGT 487/500 SL 462
After going through a choppy session in the previous day and just managing to eke out marginal gains, the Indian equity market lost heavy ground on Thursday. The Sensex dropped 215.21 points to 24685.42 and the Nifty fell 67.90 points to 7546.45. The market breadth also turned negative in last hour of trade as about 1448 shares declined against 1107 advancing shares on Bombay Stock Exchange. The broader market traded in-line with the benchmark indices with the BSE midcap and smallcap indices losing 0.10 and 0.15 per cent, respectively. Torrent Pharma has teamed with private-equity firm Apax Partners to emerge as the frontrunner to buy Hyderabad-based Gland Pharma.Wall Street witnessed firm buying in overnight trade after the release of the minutes of the Fed's March 16-17 policy review. The S&P500 index climbed 1.05 % to 2,066.66, while the Dow Jones industrial average advanced 0.64 per cent to 17,716.05.It is learnt that as part of the deal, Gland's promoters may sell their 60 percent stake in the firm for a valuation of a little above USD 1 billion while PE firm KKR may also sell its remnant 40 stake. Equity benchmarks have not still shown any sign of complete recovery in afternoon trade. The Auto, IT and FMCG stocks led the decline followed by realty, capital goods, banking stocks. Even the mid-cap and small-cap stocks were not spared. The Nifty has now declined by 2.5% post the Reserve Bank's interest rate reduction announcement on April 5 while the Bank Nifty has fallen almost double i.e. by 4.3% and the Nifty PSU Bank index has plunged 7% since then.

 

NIFTY HOLDS ABOVE 7600

The Sensex and Nifty ended today's listless session on a flat note as gains in metal shares were offset by losses in banking and IT stocks. The 30-share BSE Sensex rose 17.04 points to 24900.63 and the 50-share NSE Nifty advanced 11.15 points to 7614.35 while the broader markets outperformed benchmarks on strong breadth . The stock markets edged lower in the late noon deals on the back of selling in select banking and IT stocks.  The India VIX (Volatility) index was down 2.72% to 17.3450. Selective buying in the midcap and the largecap space looks like a good strategy for investors in a year which is likely to be decent going forward, says Dipan Mehta, Member at BSE & NSE. The Indian Rupee was trading down by 20 paise at 66.66 per US dollar. Tata Steel and Hindalco from the metal space were the top gainers in the Nifty; both the stocks closed 5 per cent higher. ACC, UltraTech Cement, Tata Motors, Eicher Motors and L&T were also among the gainers. The crop protection chemical company told NDTV Profit that it is getting more registrations, leading to a deeper penetration in European markets. Tata Steel gained more than 5 percent.

RBI RATE CUT FAILS TO CHEER MARKET… SENSEX SLUMPS 516 POINTS

BUY INDIGO ABOVE 973 TGT 980/999 SL 960

The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 25 basis points in its first money policy review of the new financial year Nifty50 down over 100 points. Equity benchmarks crashed 2 percent today due to slump in global peers and post RBI monetary policy. The Sensex shed 516.06 points to 24883.59 and the Nifty fell 155.60 points to 7603.20. About two shares declined for every share advancing on BSE. The Sensex, Nifty and Nifty Bank index posted their biggest single day fall in nearly two months. Banking stocks were among the worst hit followed by realty, auto, telecom and capital goods. The mid-cap and small-cap stocks also were not spared. Only the consumer durables stocks ended with gains. Rate sensitive banking, realty and auto stocks were among the worst hit in trades today. The banking sub-index on the National Stock Exchange, Bank Nifty closed 3 per cent lower while, auto and realty indices also plunged 3 per cent each. From the Nifty-50 basket of shares, 46 stocks closed lower while only 4 managed to end higher.ICICI Bank, State Bank of India, Yes Bank, Maruti Suzuki, Tata Motors, Larsen & Toubro, Axis Bank, Kotak Mahindra Bank, Tata Steel and BHEL were among the top Nifty losers, down 3.4-5.5 per cent each. The overall market breadth was negative as 1,628 stocks declined while 885 ended higher.

NIFTY CLOSES ABOVE 7750 AHEAD OF RBI POLICY MEET

India’s stock markets rose, tracking gains in Asian equities following an upbeat US jobs report, but caution prevailed a day before the Reserve Bank of India’s  policy meeting at which it is expected to cut interest rates by at least 25 basis points.  The rally was led by the IT, telecom, consumer durables and power index. Even the mid-cap and small-cap index continued to rally. On the other hand, FMCG and realty index ended with losses. basis point is 0.01%.Equity benchmarks gained strength again in late trade. The Sensex rose 130.01 points to 25399.65 and the Nifty climbed 45.75 points to 7758.80.The market breadth remained strong throughout the session as about two shares advanced for every share declining on BSE. The rupee turned positive so far this year helped by continuous dollar inflows into the local equity market. The home currency was trading at 66.12, up 0.2%, from its previous close of 66.25 .

WEEKELY TRADING TIPS FOR STOCK CASH

BUY WIPRO ABOVE 575 TGT 580/590 SL 560

 

Wipro Ltd. incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 138730.13 Cr.) operating in Information Technology sector. Wipro Ltd. key Products/Revenue Segments include Software Services which contributed Rs 35657.60 Cr to Sales Value (86.52% of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed Rs 2718.50 Cr to Sales Value (6.59% of Total Sales), I T Enabled Services which contributed Rs 2717.50 Cr to Sales Value (6.59% of Total Sales), Other Services which contributed Rs 85.70 Cr to Sales Value (0.20% of Total Sales), Others which contributed Rs 22.70 Cr to Sales Value (0.05% of Total Sales), Mini Computers/Micro Processor Based Systems which contributed Rs 8.00 Cr to Sales Value (0.01% of Total Sales), for the year ending 31-Mar-2015. Company has BSR & Co. as its auditors. As on 31-Dec-2015, the company has a total of 2,470,402,228 shares outstanding.Wipro Ltd vide its letter dated March 28, 2016 has informed BSE regarding a Press Release titled "Wipro Partners With Jubilant Food Works To Reduce Energy And Operational Costs".

sector	Share  price	Price change	Previous close	beta	Average volume	Nse code	Bse code	Bse index	Nse index	Future & OPTION
COMPUTERS - SOFTWARE	562.15	-2.1 00  / -0.372%	564.25	0.076	1693.85 K	WIPRO	507685	BSE 30	Nifty 50	Yes F&O list

 

NIFTY HOVERS AROUND 7700 LEVEL

FOR FREE TRIAL CALLS FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE>>>>>>>>>>>>
Asian markets started the new quarter on the back foot today, trading lower despite better than expected. The Sensex fell 66 points to 25275 and the Nifty declined 25 points to 7713. About 1615 shares advanced against 819 declining shares on BSE.  Meanwhile, TVS Motor Company shares hit their fresh 52-week high of Rs 329.50 on Friday. The scrip was trading 0.79 % up at Rs 325.20.The BSE Sensex and NSE Nifty continued to reel under pressure in afternoon trade as investors sought to profit booking at higher levels amid weak global cues. Traders failed to get any sense of relief with Finance Minister Arun Jaitley pegging India's GDP growth rate at 7.6 per cent for the fiscal 2015-16 and expressing hope for better numbers next year. Some buying activity is seen in capital goods, power, industrial,FMCG and consumer durables sectors, while telecom, oil and gas, metal,  energy, IT, teck and auto are showing weakness on BSE A total of 26 stocks registered a fresh 52-week high in trades today, while 20 stocks touched a new 52-week low on the NSE Today currency market closed today on account of bank holiday. Indian rupee hit a 3 month high against the greenback, deriving cues from the buoyancy in equity markets and softening sovereign bond yields. The sentiment on the street remains underpinned by the hopes of a rate cut by the RBI during the monetary policy review next week. On macroeconomic side, India’s core sector output during February grew 5.7% on yoy basis, helped by recovery in production of natural gas, refinery products, fertilizer, and cement and electricity generation. The core output during January grew 2.3% on yoy basis Reliance Industries, TCS, HDFC Bank, Bharti Airtel and Tata Motors were top five contributors' to Sensex fall.