WEEKLY ANALYSIS OF SIEMENS FOR 26 SEP-30 SEP

“BUY SIEMENS ABOVE 1282 TGT 1300/1325”

“SELL SIEMENS BELOW 1250 TGT 1228/1200”

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Primary trend of the stock is bullish and is consolidating at the 1270-1280 level. It is expected to continue the bull run with the crossing of the resistance level of 1282, 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 1330/1325 and with the strict stop loss of 1260. where one may initiate the short position in it only below 1250 for the targets of 1228/1200, while stop loss can be placed at 1282.

Sensex ends lower, Nifty below 8,850

Sensex ended with a loss of 105 points at 28,668. The Sensex opened at 28,810 touched an intra-day high of 28,825 and low of 28,627.The Nifty closed with a loss of 36 points at 8,832. The Nifty opened at 8,881 hitting a high of 8,885 and low of 8,820. Indices lost ground in late trades to end lower as investors booked profits after gains in the previous session post the US Federal Reserve's decision to keep interest rates unchanged. Nifty edged marginally lower on Friday and lost nearly half a percent, tracking decline in select index majors. The move was on expected line in Nifty and we believe it’ll continue ahead also. However, the range would be broader due to upcoming F&O expiry. Technically, Indian Stock Market is still in positive zone and traders can hold long positions as of now. Traders can hold long positions with strict stoploss of 8780 levels for Nifty . If Nifty breaches levels of 8894 levels whereas a sharp negative rally would be seen if Nifty breaches 8780 levels.

TOP GAINERS:  RIL, Dr.Reddy's, TCS, HCL Tech, HDFC, BPCL, Coal India, HDFC Bank

TOP LOSERS:  Lupin, Axis Bank, TCS, HUL, Coal India and Wipro

TECHNICAL ANALYSIS OF LT FOR 23 SEP 2016

 “BUY LT ABOVE 1510 TGT 1530/1550”

The stock is showing correction since past few sessions and also sustaining above lower trend line support level. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 1510.Breakout of its resistance level may show recovery in it where traders can expect targets of 1530 and 1550 while major support of 1480can be placed as technical stop loss.

The Nifty closed above the crucial psychological barrier of 8,850-mark; Fed keeps interest rates unchanged

Sensex ended with a gain of 266 points at 28,773. The Sensex opened at 28,767 touched an intra-day high of 28,872 and low of 28,693.The Nifty closed with a gain of 90 points at 8,867. The Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837. market finished higher on Thursday, reversing two day’s losses as buying beaten down blue chip stocks supported market sentiment. However, the markets witnessed some profit booking near the day’s high, later on positive opening of the European markets helped markets regain strength.

                In overseas stock markets, European and Asian stocks edged higher mirroring gains in the US market after the Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018. US stocks registered strong gains yesterday, 21 September 2016, after the Federal Reserve kept interest rates unchanged but hinted at the possibility of a rate hike later this year. Concluding a two-day meeting, the Federal Open Market Committee (FOMC) announced that the federal funds rate will remain at 0.25% to 0.5%. The Fed also said risks to the economy have diminished since its last meeting in July. The Fed last raised rates in December 2015, the first hike in almost a decade.The Fed said US economic activity had picked up and job gains were "solid" in recent months.

TOP GAINERS:  Hero MotoCorp, NTPC, Adani Ports, SBI and Power Grid

TOP LOSERS:  Lupin, Axis Bank, TCS, HUL, Coal India and Wipro

NIFTY ABOVE 8,800 ; US FED ACTION EYED

The Sensex ended with a loss of 16 points at 28,507. The Sensex opened at 28,554 touched an intra-day high of 28,689 and low of 28,462.The Nifty closed with a loss of mere one points at 8,777. The Nifty opened at 8,790 hitting a high of 8,827 and low of 8,757.30. Markets erased intra-day gains to end flat after investors turned cautious ahead of the US Federal Reserve's decision on interest rate later today. Indian Stock Market was open flat with negative bias. Technically analysis would still remain same, Nifty is in Positive zone but BankNifty is still in negative zone. BankNifty would enter into positive zone once it closes above 20080 levels. Market would remain volatile before US FED meeting and Bank Of Japan’s Monetary Policy. Some correction was seen today but traders should go long at every dip in the market. Once BankNifty enters into positive zone, Indian Stock Market would see a strong comeback and a sharp positive rally would be seen in the market. Until then market would consolidate in a rangebound region. Traders should buy at dips until Nifty holds 8750 levels on closing basis. Breaching levels of 8688 for Nifty would force market to see a sharp downfall, so traders can hold long positions with strict stoploss of 8688 spot levels for Nifty.

EVENTS TODAY :

In overseas stock markets, European stocks edged higher after the Bank of Japan (BoJ) announced new monetary policy measures and as investors awaited the outcome of the US Federal Reserve's policy meeting .Indices rallied tracking positive trend seen in Asian markets after Bank of Japan unveiled a slew of fresh changes to its policy stance after its meeting on Wednesday, but kept rates unchanged. Japanese stocks led gains in Asian markets after the BoJ kept its deposit rate steady at minus 0.1% after the conclusion of its two-day monetary policy meeting today, 21 September 2016. Japan's central bank also said it would purchases of long-term government bonds with an incremental 80 trillion yen per year. Japan's Nikkei 225 Average ended 1.91% higher. BoJ also said it would expand its monetary base until inflation becomes stable above 2%. The central bank said it is committed to achieve 2% inflation as soon as possible. The central bank has decided to scrap its monetary base target.

TOP GAINERS:  Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharma ,Power Grid

TOP LOSERS:  Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC

WEEKLY WOCKPHARMA CALL UPDATE:

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TRADE IDEA ON HEROMOTOCO FOR 21 SEP

“BUY HEROMOTOCO AT 1526 TGT 1545/1565”

"SELL HEROMOTOCO AT 3469 TGT 3430/3400"

HEROMOTOCO  is showing correction since past few sessions and also sustaining above lower trend line support level 3470. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 3510.Breakout of its resistance level may show recovery in it where traders can expect targets of 3550 and 3580 while major support of 3450 can be placed as technical stop loss.

CANDLESTICK VIEW: BLACK OPENING MARUBOZU

A Black Opening Marubozu indicates that the sellers controlled the price action from the first trade to the last trade.However, the day does not close at the low, and thus creates a lower shadow.This candlestick is generally bearish. However, its position within the broader technical picture is also important. It may show a potential turning point and suggest that prices have reached to a resistance level after an extended rally (Bearish Belt Hold Pattern). If it is seen after a long decline, it may signal panic or capitulation, a final sell off attempt before bulls regain control. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading

EVENTS TODAY & TOMORROW:

The US Federal Reserve policy makers begin their two-day policy meeting today, 20 September 2016. The Fed is expected to keep its benchmark interest rate unchanged in the wake of recent downbeat US economic indicators. The Fed left the target range for its federal funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016 meeting.

Nifty below 8,800; US Fed, BoJ meets eyed

The Sensex ended with a loss of 111 points at 28,523. The Sensex opened at 28,691 touched an intra-day high of 28,699 and low of 28,481.The Nifty closed with a loss of 33 points at 8,776. The Nifty opened at 8,816 hitting a high of 8,816.45 and low of 8,759. The Indian equity market snapped a four-day winning streak on Tuesday led by profit booking, coupled with negative global cues and caution ahead of major global financial events. Now Technically, Nifty has entered into positive zone .For now, traders can go long in Nifty at every dip in the market. Nifty may see some immediate resistance at 8850 levels breaching which Nifty would see a sharp positive rally.

TOP GAINERS:  Dr. Reddy's, ONGC, Maruti Suzuki, Cipla, M&M, Asian Paints

TOP LOSERS:  Hero MotoCorp, Bharti Airtel, Adani Ports and Infosys

MARKET PROVISIONALLY SETTLES WITH SMALL GAINS, NIFTY ENDS ABOVE 8800

Stocks kept their winning run going for a fourth session, Sensex ended with a gain of 36 points at 28,635. The Sensex opened at 28,627 touched an intra-day high of 28,715 and low of 28,553.The Nifty closed with a gain of 29 points at 8,808. The Nifty opened at 8,788.45 hitting a high of 8,824 and low of 8,774.20. Nifty ended marginally higher on Monday amid volatility, thanks to favorable cues both from the domestic and global front. Firm Asian markets led a positive start but prevailing cautiousness ahead policy meet of two major central banks, Bank of Japan and US Fed, capped upside. We reiterate our view to hold positive yet cautious approach till 8800 is intact in Nifty.

UPCOMING EVENTS:

The US Federal Reserve policy makers begin their two-day policy meeting tomorrow, 20 September 2016. The Fed is expected to keep its benchmark interest rate unchanged in the wake of recent downbeat US economic indicators. The Fed left the target range for its federal funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016 meeting.

TOP GAINERS: TCS, ICICI Bank, ONGC, Asian Paints and Adani Ports

TOP LOSERS:  Maruti Suzuki, Bajaj Auto, HDFC, ITC and Axis Bank