Nifty ends above 7500 mark in choppy session

LAST RECOMMENDATION GIVEN ON 10 MARCH 2016:

GLENMARK IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FIRST TGT 840  MADE HIGH OF 842.30 BUY AT 830

FUTURE TIP FOR 11 MARCH 2016

FUTURE :

“BUY ADANIPORTS BELOW 235 TGT 240/248”

“SELL ADANIPORTS BELOW 230 TGT 225/215”

WEEKLY CHART FOR VOLTAS:

Sensex ended with a gain of 86 points at 24,804. The BSE Sensex opened at 24,802 touched an intra-day high of 24,961 and low of 24,734. The Nifty closed with a gain of 28 points at 7,539. The Nifty opened at 7,543 hitting a high of 7,584 and low of 7,515. Nifty turned choppy ahead of key events lined-up during the week. With the IIP and WPI numbers out of the way, CPI numbers will be keenly watched by RBI as it will provide comfort for further action on interest rate front. Going ahead, we see markets getting heavier at current levels, 7600 appear to be stiff resistance and lightening positions at current juncture would be the right approach. Rupee, oil and FII numbers will continue to influence the sentiment in the near term. Globally, statements by the US Fed and Japan’s Central Bank will be keenly awaited too. Investors seem to have lost faith in the ability of their Central Banks to revive economic growth.

TOP GAINERS:

ICICI BANK (3.3%), TATA MOTORS (3.3%), BHEL (2.7%), GAIL (1.5%), ONGC (0.9%)

TOP LOSERS:

COAL INDIA (6.6%), BAJAJ AUTO (0.9%), SUN PHARMA (0.5%), WIPRO (0.4%), BHARTI AIRTEL (0.4%)