Wednesday, 31 August 2016

TRADE IDEA ON LT FUTURE FOR 01 SEP 2016

 “BUY LT ABOVE 1525 TGT 1545/1565”
LT  is showing correction since past few sessions and also sustaining above lower trend line support level 1420. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 1525.Breakout of its resistance level may show recovery in it where traders can expect targets of 1545 and 1565 while major support of 1500 can be placed as technical stop loss.
CANDLESTICK view: bullish after bottom gap up
The first two black days and the gapping down third black day create a market with an extended downtrend. The fourth day is a strong white day that shows there might finally be some weakness in the decline. The fifth day gaps up and closes near its highs creating a strong white candlestick. It now appears that the market overextended itself to the downside and a reversal of the prior trend has begun.

Nifty settles above 8,750 mark ,Market Enters Into Bullish Trend, Go Long At Every Dip In The Market

Today, The  Sensex ended with a gain of 109 points at 28,452. The  Sensex opened at 28,372 touched an intra-day high of 28,532 and low of 28,363.The  Nifty closed with a gain of 42 points at 8,786. The  Nifty opened at 8,754 hitting a high of 8,819 and low of 8,754.Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8867-8888 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8900-8950-9000 levels and BankNifty would see levels of 19800-20000 levels after some consolidation.

Tuesday, 30 August 2016

MARUTI WEEKLY CALL UPDATE

TO READ FULL REPORT CLICK ON 
https://beststockfuturecalls.blogspot.in/2016/08/weekly-analysis-of-maruti-for-29-aug-02.html
YESTEDAY'S RECOMMENDATION UPDATE:
STAR  ALMOST HIT FIRST TGT 965 MADE HIGH OF 964
LOT SIZE: 500
DAILY TOTAL PROFIT: 14000 IN JUST TWO LOT
FOR MORE ROCKING CALLS FILL UP THE FORM GIVEN HERE>>>>>

Monday, 29 August 2016

STAR FUTURE TIP FOR 30 AUG 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 25 AUG
JUST DIAL ALMOST HIT FIRST TGT 515 MADE HIGH OF 514.80
LOT SIZE: 800
DAILY TOTAL PROFIT: 23680 IN JUST TWO LOT
 “BUY STAR ABOVE 950 TGT 965/980”
star  After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 950 as the stock is managing to sustain above the level of 950. One may get the targets of 965,990 in the stock with the stop loss of 920.
CANDLESTICK PATTERN:
In daily chart star The Bullish Hammer appears in a downtrend and it sells off sharply following the market open. After the decline ceases, the market almost returns to the high of the day. Apparently the market fails to continue on the selling side. This observation reduces the previous bearish sentiment causing short traders to feel increasingly uneasy with their bearish positions. If the body of the Hammer is white, then the situation looks even better for the bulls.
Nifty eNDS higher settles above 8,600 mark
Now Technically, Indian Stock Market is in negative trend and traders should go short at every positive rally in the market. Traders can hold short positions in market for now and can take short positions home confidently, if BankNifty closes below 19166 levels. BankNifty has consolidated earlier in the range of 19000-19100, so it would consolidate again in that range. Once this range is breached on negative side, BankNifty may see downfall upto 18500-18600 levels easily. Traders can hold short positions with Strict stoploss of 8702 levels for Nifty and 19500 levels for BankNifty. Today, the Sensex ended with a gain of 120 points at 27,782. The Sensex opened at 27,827 touched an intra-day high of 27,953 and low of 27,699. The Nifty closed with a gain of 35 points at 8,607. The Nifty opened at 8,584 hitting a high of 8,622 and low of 8,544.
TOP GAINERS: Tata Motors, Hero MotoCorp, RIL, L&T, Bharti Airtel 
TOP LOSERSWipro, TCS, Lupin, HDFC Bank and Asian Paints

Friday, 26 August 2016

WEEKLY ANALYSIS OF MARUTI FOR 29 AUG-02 SEP


“BUY MARUTI ABOVE 5000 TGT 5030/5060” 

“SELL MARUTI BELOW 4800 TGT 4770/4730”

DAILY CHART FOR MARUTI:
Technical Basis of above calls
Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 5000 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 5030  in the stock if it manages to sustain above the immediate support level of 5000. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 4800, where one may initiate the short position in it for the targets of 4770, while stop loss can be placed at 5000.

Nifty Short Only If  Breaches 8550 Levels

Today, Sensex ended with a loss of 54 points at 27,782. The Sensex opened at 27,883 touched an intra-day high of 27,936 and low of 27,697.The Nifty closed with a loss of 20 points at 8,573. The Nifty opened at 8,614 hitting a high of 8,624 and low of 8,547.Now Technically, Nifty has entered into negative zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation as yesterday fall can be an effect of F&O Expiry as well. If  BankNifty breaches 19211 then it would also enter into negative zone and traders can initiate fresh short positions in Nifty or BankNifty. Now Nifty would again come in positive zone only once it closes above 8702 levels which is far as of now.. But traders should initiate any short positions only after confirmation of the trend that would be confirmed if BankNifty closes below 19211 levels.


Thursday, 25 August 2016

BUY JUSTDIAL TIP FOR 26 AUG 2016

YESTERDAY'S ZEEL HIT FIRST TGT 510!!!
“BUY JUSTDIAL ABOVE 500 TGT 515/535”
JUSTDIAL  , Trading idea is buy on JUSTDIAL ; After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 500 as the stock is managing to sustain above the level of 500. One may get the targets of 530,540  in the stock with the stop loss of 475.

F&O Expiry Today, Hold Long Positions Only if Nifty Closes Above 8597 Level

The market is absolutely flat with Sensex is up 11.44 points at 28071.38, and the Nifty is 8.65 points at 8658.95. Today is F&O Expiry for the month and huge volatility would be seen. Technically, Indian Stock Market is in positive trend. Analysis would still remain same. Market would still be considered positive until BankNifty holds 19211 on Intraday basis and 19166 on closing basis for spot levels. BankNifty would see sharp breakout if it breaches 19500 levels, Until then market would continue to sideways movement between  support and resistance levels. Traders can hold long positions in BankNifty and Nifty until it holds 19166 levels for BankNifty and 8597 for Nifty on closing basis. Breaching these levels would force market to see a sharp downfall in days to come and traders can initiate fresh short positions in that case.
TOP GAINERS: Cipla, Axis Bank, Bajaj Auto, ITC, TCS, Lupin, Hero MotoCorp
TOP LOSERSWipro, Infosys, Adani Ports, Bharti Airtel, NTPC and HDFC

Wednesday, 24 August 2016

ZEEL FUTURE TIPS FOR 25 AUG 2016

“BUY ZEEL ABOVE 525 TGT 530/545”
“SELL ZEEL BELOW 515 TGT 510/500”
ZEEL  , Trading idea is buy on Zee Entertainment ; this stock is continuously holding the gains. Rollovers are comparatively better, if I look at 4-5 series, it is continuously making higher top higher bottom. Recently, it made bottom near to Rs 497-500 zone and surpassed the previous hurdle of Rs 518 level. So, here I am expecting positive move. The stock has support near to Rs 511 one can follow the same as a stop loss level for the targets towards Rs 540,545. It is looks quite strong. The stock has been holding the gains above Rs. 511 zone. the last couple of months which also indicates that longs are rolling their positions. The stock has potential to hit towards new high territory towards Rs 520-525 levels. So, one can buy 510 Call keeping the stop loss of Rs 2 for target of Rs 12.The crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 70. One may initiate the long position above the mentioned level.
Nifty eNDS higher ahead Yellen's speech, MARKET EYEING derivatives expiry
Markets  swung between gains & losses and finished the session on a marginally higher note amid choppy session as investors turned cautious ahead of August F&O expiry and signals on key policy rates from US Federal Reserve Chair Janet Yellen at a meeting scheduled this week. Sensex ended with a gain of 70 points at 28,060. The Sensex opened at 28,065 touched an intra-day high of 28,108 and low of 27,960.The Nifty closed with a gain of 18 points at 8,650.30 The Nifty opened at 8,648.50 hitting a high of 8,661 and low of 8,621.
RANGE BREAKOUT IN COMING WEEK
Both Sensex and Nifty continued to trade in a very tight range but the broader market outperformed both these indices handsomely. In fact, the Mid-Cap index broke out of the trading range and is progressing upwards. The Nifty on the other hand has been in a small

Tuesday, 23 August 2016

TRADE IDEA ON POWERGRID FUTURE FOR 24 JUNE 2016

YESTERDAY’S BIOCON NEARLY TOUCHED FIRST TGT MADE HIGH OF 897

 “BUY POWERGRID ABOVE 184 TGT 186/188”

“SELL POWERGRID BELOW 180 TGT 178/175”
POWERGRID is likely to continue the upside move in near term with the crossing of the resistance level of 185.50, now the stock is accumulating below the resistance mark of 183.50, with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 65. One may initiate the long position above the mentioned level for the targets of 188. Breakout of its resistance level may show recovery in it where traders can expect targets of 185 and 188 while major support of 180 can be placed as technical stop loss.
Hold Long Positions In Nifty UNTIL IT HOLD 8595
Today, Sensex ended with a gain of mere five points at 27,990. The Sensex opened at 28,013 touched an intra-day high of 28,029 and low of 27,854.The Nifty closed with a gain of three points at 8,632. The Nifty opened at 8,628 hitting a high of 8,639 and low of 8,580.. Technically,  Indian Stock Market is in positive trend. Now BankNifty needs to hold 19211 levels on Intraday basis and 19166 on closing basis. If BankNifty closes below 19166 levels then a sharp breakdown would be seen in the market. Until then traders can hold long

Monday, 22 August 2016

TECHNICAL ANALYSIS OF BIOCON FOR 23 AUG 2016

“BUY Biocon ABOVE 890 TGT 900/920”
“SELL Biocon BELOW 870 TGT 855/845.”
Biocon  is likely to continue the upside move in near term with the crossing of the resistance level of 890, now the stock is accumulating below the resistance mark of 900, further the stock is sustaining below the downward sloping trend line and is likely to continue the northward journey with the crossing of the resistance level as the stock is sustaining above its 200 and 50 days moving averages with the RSI of 60. One may initiate the long position above the mentioned level for the targets of 890. Breakout of its resistance level may show recovery in it where traders can expect targets of 920 and 935 while major support of 850 can be placed as technical stop loss.

Hold Long Positions In BankNifty As Of Now

Today, Sensex ended with a loss of 91 points at 27,985. The Sensex opened at 28,088 touched an intra-day high of 28,143 and low of 27,918.The Nifty closed with a loss of 38 points at 8,629. The Nifty opened at 8,667 hitting a high of 8,685 and low of 8,614. Technically,  Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would

Friday, 19 August 2016

LAST WEEKLY RECOMMENDATION UPDATE: GIVEN ON 12 AUG

 YESBANK HIT FINAL TGT 1330  MADE A HIGH OF 1336.95
LOT SIZE: 700
WEEKLY TOTAL PROFIT: 42000 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

Wednesday, 17 August 2016

MARKET CONSOLIDATING, BUY AT DIPS, BREAKOUT EXPECTED IF BANKNIFTY CLOSES ABOVE 19070

LAST DAILY RECOMMENDATION:
IN BeariSH MOMENTUM: ADANIPORTS HIT FIrst TGT 270 MADE A low  OF 266
LOT SIZE: 2500
DAILY TOTAL PROFIT: 22500 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
We continue to see considerable call buildup around the 8700 levels, this suggests that smart money may not be betting on a big rally to take the markets much higher above 8700 in the near future. PCR ratio is around the 0.91 levels which could also mean overall retail outlook is still positive and most retail participant expect the markets to move up from this juncture." Indian Stock Market was open negative. Technically, Indian Stock Market entered into positive trend. Market is still in consolidation phase and would see sharp breakout once BankNifty closes above 19070 levels. If Bank Nifty manages to close above 19070, then the next target would be 19300-19500-20000 levels in days to come. Some sharp correction would be seen but traders should buy at dips and sell at positive rally near resistance levels. Once BankNifty breaches levels of 19070 by closing then traders can go long with full quantity and enjoy huge profits
TOP GAINERS: Tata Steel, Coal India, Aurobindo Pharma, Bajaj Auto, Hero MotoCorp
TOP LOSERS:  Adani Ports, TCS, Tech Mahindra, Power Grid, Infosys and Idea Cellular

Tuesday, 16 August 2016

TECHNICAL ANALYSIS OF ADANIPORTS FOR 17 AUG 2016

“BUY ADANIPORTS ABOVE 280 TGT 285/290”
“SELL ADANIPORTS BELOW 275 TGT 270/265.”
Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 280, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 290/300 and with the strict stop loss of 270.Today, Sensex ended with a loss of 88 points at 28,065. The Sensex opened at 28,190 touched an intra-day high of 28,199 and low of 27,943. The Nifty closed with a loss of 30 points at 8,643. The Nifty opened at 8,670 hitting a high of 8,682 and low of 8,600. The Sensex and Nifty closed lower on Tuesday after WPI inflation hit 23-month high. Inflation for the month of July soared to 3.55% versus

Friday, 12 August 2016

WEEKLY ANALYSIS OF YESBANK FOR 16-19 AUG


LAST WEELY RECOMMENDATION:
IN BULLISH MOMENTUM: ZEEL HIT TGT 520 MADE HIGH OF 518.35
LOT SIZE: 1300
DAILY TOTAL PROFIT: 47710 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
FUTURE:
“BUY YESBANK ABOVE 1300 TGT 1315/1330”
“SELL YESBANK BELOW 1280 TGT 1260/1240”
DAILY CHART FOR YESBANK:
Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1300 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 80, one may expect the targets of 1330  in the stock if it manages to sustain above the immediate support level of 1280. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 1280, where one may initiate the short position in it for the targets of 1250, while stop loss can be placed at 1300.Today, Sensex ended with a gain of 293 points at 28,152. The Sensex opened at 27,919, touched an intra-day high of 28,203 and low of 27,901.The Nifty closed with a gain of 80 points at 8,672. The Nifty opened at 8,605 hitting a high of 8,684 and low of 8,604.

Thursday, 11 August 2016

TECHNICAL ANALYSIS OF LUPIN FOR 12 AUG 2016

“BUY LUPIN ABOVE 1582 TGT 1612/1635”

“SELL LUPIN BELOW 1560 TGT 1540/1520”
Lupin After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1600 as the stock is managing to sustain above the level of 1600. One may get the targets of 1620,1650 in the stock with the stop loss of 1560.Today, After falling for past two trading sessions, the Indian stock market see-sawed between negative and positive zone throughout the day and ended higher snapping its losing streak. Sensex ended with a gain of 85 points at 27,860. The Sensex opened at 27,806 touched an intra-day high of 27,902 and low of 27,697.The Nifty closed with a gain of 17 points at 8,592. The Nifty opened at 8,573 hitting a high of 8,601 and low of 8,540. "Markets  taking a breather

Wednesday, 10 August 2016

NIFTY FALL FOR 2ND STRAIGHT DAY, NIFTY SHUTS BELOW 8,600 MARK

The Sensex lost 310.28 points or 1.1% to settle at 27,774.88, its lowest closing level since 4 August 2016. The index lost 348.54 points or 1.24% at the day's low of 27,736.62. The index rose 58.12 points or 0.21% at the day's high of 28,143.28.The Nifty dropped 102.95 points or 1.19% to settle at 8,575.30, its lowest closing level since 4 August 2016. The index shed 113.65 points or 1.31% at the day's low of 8,564.60. The index rose 11.85 points or 0.14% at the day's high of 8,690.10. Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Now Market is in a range bound region. Nifty if closes below 8626, then it would see a sharp breakdown in upcoming days. Traders can hold long positions or go long at dips until Nifty holds 8626 levels by closing. There are strong chances of renounce if Nifty holds those levels by closing else a sharp breakdown is confirmed. Traders should watch 8626 levels by closing and if it closes below those levels, traders can

Tuesday, 9 August 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 08 AUG

LAST DAILY RECOMMENDATION:
IN BEARISH MOMENTUM: HDFC HIT TGT 1345  MADE A HIGH OF 1338.55
LOT SIZE: 500
DAILY TOTAL PROFIT: 31450 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
Reserve Bank Governor Raghuram Rajan kept key rates unchanged
The Sensex and Nifty closed lower on Tuesday, pausing after a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged and retained FY17 GDP growth forecast at 7.6%. Sensex ended with a loss of 97 points at 28,085. The Sensex opened at 28,289 touched an intra-day high of 28,290 and low of 27,957. Nifty closed with a loss of 33 points at 8,678. The Nifty opened at 8,727 hitting a high of 8,728 and low of 8,638. Raghuram Rajan, whose 3-year term will come to an end on September 4, left interest rates unchanged at his final policy review meeting as RBI governor. Rajan left the repurchase, or repo, rate unchanged at 6.5% as retail inflation for the month of June headed to 5.77%, driven in large

Monday, 8 August 2016

NULL EFFECT EXPECTED ON THE MARKET; ON ACCOUNT OF RBI POLICY

“BUY HDFC ABOVE 1370 TGT 1385/1400”
“SELL HDFC BELOW 1360 TGT 1345/1330”
The Indian equity market rallied for third consecutive session on Monday ahead of RBI policy review on Tuesday. Reserve Bank Governor Raghuram Rajan, whose 3-year term will come to an end on September 4, is widely expected to hold the key interest rate on Tuesday as retail inflation continues to be above the comfort zone. Sensex ended with a gain of 104 points at 28,183. The Sensex opened at 28,182 touched an intra-day high of 28,226 and low of 28,128.The Nifty closed with a gain of 28 points at 8,711. The Nifty opened at 8,713 hitting a high of 8,723 and low of 8,697. Market is expected to see short term correction if it breaks

Friday, 5 August 2016

WEEKLY TECHNICAL ANALYSIS OF ZEEL FOR 08-12 AUG

LAST WEELY RECOMMENDATION:
IN BULLISH MOMENTUM: ZEEL HIT TGT 510 MADE HIGH OF 511.80
LOT SIZE: 1300
WEEKLY TOTAL PROFIT: 22880 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
“BUY ZEEL ABOVE 500 TGT 510/520”
“SELL ZEEL BELOW 490 TGT 485/477”
WEEKLY CHART FOR MARUTI:

Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 470 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 520  in the stock if it manages to sustain above the immediate support level of 490. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 480, where one may initiate the short position in it for the targets of 455, while stop loss can be placed at 510. 

Wednesday, 3 August 2016

NIFTY END BELOW 8578; MARKET EYEING THE GST BILL

index forming beARISH PATTERN; Go Short At Every Positive Rally
Today, Sensex ended with a loss of 284 points at 27,697. While, The Nifty closed with a loss of 78 points at 8,545. Stock market in India ended with sharp cuts on Wednesday as the government introduced the GST bill in the parliament. Investors are awaiting the outcome on the Goods and Services Tax (GST) constitutional amendment bill in Parliament. According to reports, the long-pending GST Bill is listed for consideration and passage in Rajya Sabha today amidst strong indications that the most far-reaching taxation reform would be supported by Congress and all other major political parties. The government is keen to get the GST Bill approved during the Monsoon Session of Parliament ending on August 12, 2016. Indian Stock Market was open negative. Technically, Nifty and  BankNifty has entered into negative region. Today, GST Bill would be discussed in Rajya Sabha. GST Bill news is already priced in and once the news is disclosed, market would move Sharply positive with a jerk but this positive rally would not last long. We expect that market would see deep correction after this positive jerk. Traders can go short in BankNifty at every

Tuesday, 2 August 2016

NIFTY CLOSE BELOW 8650; MARKET REMAIN RANGEBOUND

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: VOLTAS HIT TGT 361  MADE A LOW OF 357.65
LOT SIZE: 2000
DAILY TOTAL PROFIT: 29400 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
The Indian stock market once again ended with marginal losses on Tuesday amid a highly volatile session. Market participants turned jittery ahead of the tabling of GST Bill in Rajya Sabha scheduled on Wednesday. Sensex ended with a loss of 21 points at 27,982. The Sensex opened at 28,069 touched an intra-day high of 28,175 and low of 27,944.The Nifty closed with a loss of 14 points at 8,622. The Nifty opened at 8,647 hitting a high of 8,687 and low of 8,611.Indian Stock Market would open flat. Technically, Nifty is still in positive trend but BankNifty has entered into negative region. Now if Nifty closes below 8578 levels, then we could see sharp downfall. Once any positive news comes in respect of GST Bill, Market

Monday, 1 August 2016

TECHNICAL ANALYSIS OF VOLTAS FOR 02 AUG 2016

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: ZEEL HIT FIRST TGT 510  MADE A HIGH OF 511.75
LOT SIZE: 1300
DAILY TOTAL PROFIT: 22750 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
“BUY VOLTAS ABOVE 371 TGT 374/380”
“SELL VOLTAS BELOW 365 TGT 361/355”

The Indian equity market closed with marginal losses on Monday erasing all its early gains. Sensex ended with a loss of 49 points at 28,003. The Sensex opened at 28,083 touched an intra-day high of 28,285 and low of 27,874.The Nifty closed with a loss of two points at 8,636. The Nifty opened at 8,654 hitting a high of 8,711 and low of 8,591. Nifty in its daily time series chart has formed a Doji pattern. Going forward key level to watch is 8,750-8,625. Market is expected to move much higher if it manages to move above the breakout level of 8,750. Important support is at 8,625-8,610 and resistance is visible around 8,700-8,750. Among domestic macro economic data, Services PMIdata is schedule to