Monday, November 28, 2016

WEEKLY RECOMMENDATION UPDATE:

HINDPETRO HIT TGT 470 MADE HIGH OF 482.40
WEELY TOTAL PROFIT: 68040 IN JUST ONE LOT
FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>
Sensex ends marginally up; Nifty50 holds above 8,100 
The  Sensex ended with a gain of 34 points at 26,350. The indices opened at 26,304, touched an intra-day high of 26,414 and low of 26,183.The Nifty closed 13 points higher at 8,127 points. it opened at 8,081 points, hitting a high of 8,147 and low of 8,067. After a volatile session, the Indian stock market ended flat on Monday. The domestic market traded on a flat note during the mid-afternoon session .Banking stocks recovered after falling up to 4% following RBI’s cash reserve ratio (CRR) hike on incremental deposits.Sentiments got some support with Fitch Ratings’ latest statement that it expects India's GDP growth trend to be higher than China's in the medium term despite demonetisation. Some support also came after the RBI Governor Urjit Patel said that all necessary actions are being taken to 'ease the genuine pain of citizens' who are honest and who have been hurt.Technically, A strong break below 8100 will increase the downside pressure and drag it to 8000/7950. Traders can go short on a break below 8100.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8250 and 8350 .
TOP GAINERS:  Bharti Airtel, Tata Power, Zee, Idea Cellular, Adani Ports, Bosch, ONGC
TOP LOSERS:  Bank of Baroda, SBI, IndusInd Bank, Yes Bank, ICICI Bank and M&M


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