MARKET SUMMARY FOR 04 JUNE 2015

FUTURE:

“SELL IDEA ABOVE 173 TGT 170 SL 176”

Sensex, Nifty open flat, Coal India up 4%, Tata Motors dips .After a volatile move, the market ended flat again. The Sensex was down 45 points at 26768 and the Nifty slipped 16  points at 8114. About 1374 shares advanced, 1300 shares declined and 161 shares were unchanged. After a volatile ride, the market ended flat again. Equity benchmarks erased more than half of gains in late trade, selling in select banking & financials, technology and auto stocks. Sensex took a sudden plunge in the final hour of trade and slipped into red after gaining over 150 points in intraday trade on Friday.

MUST KNOW BEFORE TRADING FOR 5 JUNE 2015

·                     Extending its losses for the third straight day, the rupee on Thursday hit a fresh 20-month low of 64.26 intra-day against the American currency

·                      Nifty could gain 14.50 points at the opening bell.

·                     Down Jones 170 points down  17,905

·                     NIKKIE 89 points down @ 20,398.

·                     HENG SENG 166 points down 27,385.

·                      OPEC MEETING  HELD TODAY JUNE 5,2015

MARKET SUMMARY FOR 04 JUNE 2015

“BUY WOCKPHARMA ABOVE 1400 TGT 1430 SL 1375”

Nifty ends above 8147, Sensex ended  flat; RIL, HDFC up 1-2% Reliance, HDFC, Wipro and HDFC Bank were top gainers in the Sensex. Tata Steel, Vedanta, ONGC, ICICI Bank and Bajaj Auto were major laggards.After a sluggish day, the market ended on lower note. The Sensex was down 24 points at 26813 and the Nifty slipped 4 points at 8147. About 1270 shares advanced, 1388 shares declined and 162 shares were unchanged. 

MARKET SUMMARY FOR 3 JUNE 2015

CALLS GIVEN ON 2 JUNE 2015

ZEEL CALL ROCKS..!!!!! ALMOST ACHIEVED TGT AT 332.85 TOTAL 

FUTURE:

“BUY ASIANPAINT ABOVE 760 TGT 780 SL 745”

Bears remained in charge of the second consecutive session on Wednesday as equity benchmarks lost more than 1.2 percent. The 30-share BSE Sensex closed below the 27000-mark, down 352  points to 26837. The 50-share NSE Nifty plunged 102  points to 8149 and made a low of 8098, dragged by FMCG, pharma, auto and select banks stocks.
Sensex ends below 27K; FMCG drags, Infosys up Investor sentiment continued to be fragile on RBI’s hawkish forecast indicating further rate cut may be delayed till next calendar year. Monsoon forecast downgrade, weak earnings growth in Q4FY15 and slowdown in services sector also fuelled fears of slow economic growth going ahead. The Sensex ended down 352 points or 1.3 percent at 26837. and the Nifty slipped 102 points or 1.2 percent at 8149. About 622 shares advanced, 2111 shares declined and 121 shares were unchanged.

PROFIT SUMMARY FOR 2 JUNE 2015

“FUTURE: BUY ZEEL ABOVE 328 TGT 333 SL 324”

Sensex ends day 661 points down or 2.37 percent at 27188.Nifty fell 196.95 points or 2.34 percent at 8,221, Bank Nifty at 17920. About 828 shares have advanced, 1860 shares declined, and 145 shares are unchanged. State Bank of India, Axis Bank, Hindalco Industries, ITC, Hero Motocorp and IndusInd Bank topped the selling list on Nifty, down 4 percent. Lupin and Bharti Airtel bucked the trend, up marginally.
RBI POLICY

RBI cuts repo rate by 25 bps; no change in CRR, SLR

With retail inflation easing to a four-month low of 4.87 percent accompanied by a slowdown in industrial output to 2.1 percent, most economists and bankers were betting on a 25 bps rate cut. However, forecast of delayed monsoon remain a big overhang on the economy.

MUST KNOW BEFORE TRADING TODAY 2 JUNE 2015

·                     The rupee rebounded smartly and ended higher by 12 paise to 63.70 against the American currency

·                      Nifty could gain 14.50 points at the opening bell.

·                     Down Jones 29 points up  18,040

·                     NIKKIE 14 points up @ 20,584.

·                     HENG SENG 191 points down 27,405.

·                      RBI credit policy scheduled today  June 2, 2015

UPCOMING EVENT AND PROFIT SUMMARY FOR 01 JUNE 2015

The market has seen consolidation on Monday ahead of RBI policy scheduled to be announced on June 2. FMCG, capital goods and select technology stocks gained while private banks were under pressure. The 30-share BSE Sensex advanced 21 points to 27848.99 while the 50-share NSE Nifty fell 0.25 point to 8423. The broader markets closed flat  at 8423. pharma and financial services were likely to see strong growth this year and that IT services firms could surprise positively. On the other hand, earnings of capital goods, engineering, steel and cement companies were likely to disappoint. Today Private banks like HDFC Bank and Axis Bank fell more than 1 percent and ICICI Bank was down 0.3 percent. Sun Pharma was the biggest loser on Sensex today, down 9 percent after reporting disappointing set of earnings in Q4. The company said a decline in sales and higher integration costs impacted margins in Q4.

UPCOMING EVENT: RBI POLICY ON 2 JUNE 2015