MARKET SUMMARY FOR 18 JUNE 2015

CALLS GIVEN ON 17 MAY 2015

BANKBARODA CALL ROCKS..!!!!! ACHIEVED TGT 138.50 AND MADE A LOW OF 138

FUTURE:

 “SELL ONGC BELOW 311 TGT 305 SL 317”

The Sensex regained the 27,000 mark by climbing over 200 points in early trade today, extending its winning streak to the fifth straight day. The market ended on a higher note. The Sensex was up 283 points or 1 percent at 27115 and the Nifty was up 83 points or 1 percent at 8174. About 1634 shares advanced, 1099 shares declined and 157 shares were unchanged. Reliance, ONGC, Tata Motors, Sun Pharma and Wipro were top gainers in the Sensex. Among the losers were Coal India, Cipla, NTPC, Tata Steel and GAIL. This came on the back of continued buying by participants amid a mixed trend in global markets after the US Fed kept its near-zero benchmark interest rate unchanged. Besides, strengthening of the rupee by 25 paise at 63.87 against the dollar in early trade supported the rally. all sectoral indices led by healthcare, oil & gas, capital goods and consumer durables trading in the positive zone with gains of up to 1.04 per cent. Nifty gained back the 8,100 mark by surging 45 points, or 0.57 per cent, at 8,156. Value-buying also continued as the broader NSE index remained more than 10 percent below its record high hit in March.

Gains also tracked higher Asian shares after the Federal Reserve signaled that interest rates would rise more slowly than markets had expected. we need to keep a close watch on the range between 8160 and 8165. Once this is taken out we could see that the Nifty heading towards the significant resistance zone between 8190 and 8210. Immediately, however, some resistance we might see even at 8104. We would consider economic growth resurfacing if it were to fall below 8007 and close below that level.

Top five reasons why Sensex rose over 300 points in intra-day trade to reclaim 27000 

1. Monsoon concerns

2. Value buying at lower levels
3. Technical Factors

4. Macro-economic      

5 .US Fed's dovish outlook 

TOP GAINER AND LOSERS ARE:

TOP GAINER/LOSERS COMPANY	CHANGE %
RELIANCE IND	4.3
TATA MOTORS	2.7
BHARTI AIRTEL	2.6
SBI	2.2
ONGC	2.0
CIPLA	-0.7
NTPC	-0.3
COAL INDIA	-0.3
TATA POWER	-0.6