Thursday, 22 December 2016

TRADE IDEA ON MCX FOR 23 DEC 2016

 “BUY MCX at 1250 TGT 1265/1280 SL 1230”
Sensex ended 263 points lower at 25,980, while the broader Nifty settled at 7,979, down 82 points. Indices ended negative today on broad-based selling amid weak global cues as Asian stocks trade lower after Wall Street fell in overnight trade Phoenix Mills Limited rose 2%.Mandhana Retail Ventures Ltd hits 5% lower circuit at Rs 184.30. JBF Industries Ltd tanked 4.3%.Empee Distilleries soared 2.3% 
GLOBAL MARKET:
On the global front, Asian markets closed lower on Thursday. Hang Seng slipped 1%, while Shanghai Composite closed marginally up.European markets were lower as trading desks began to thin out on the last full day of work for London's financial sector before the long Christmas break. FTSE 100, DAX and CAC40 were trading marginally lower.
TOP GAINERS:

Company
Group
Current Price (Rs)
% Change
Rushil Decor Ltd.
B
611.65
+ 7.10
Ortel Communications
B
134.45
+ 7.09
Sarda Energy & Miner
B
226.50
+ 5.57
Beardsell Ltd.
B
418.40
+ 4.99
KDDL Ltd.
B
210.95
+ 4.40
Automotive Axles
B
627.30
+ 4.21
TOP LOSERS:



Company
Group
Current Price (Rs)
% Change
IFGL Refracto
B
162.25
-7.84
Palred Technologies
B
98.35
-7.83
Swan Energy Ltd.
B
161.95
-6.76
Maithan Alloys Ltd.
B
281.50
-6.74
Datamatics Global Se
B
121.85
-6.05
Punjab Chemicals and
B
227.05
-6.04