WEEKLY TRADE IDEA ON SRF FUTURE FOR 28 NOV-02 DEC 2016

“BUY SRF ABOVE 1530 TGT 1560/1580”

“SELL SRF BELOW 1470 TGT 1440/1400”

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 1530 as the stock is managing to sustain above the level of 1550. One may get the targets of 1560,1580 in the stock with the stop loss of 1470.

Fantastic Friday! Nifty reclaims 8,100 mark, Sensex surges 456 points

Sensex which opened at 25,953.24 points, closed at 26,316, up 456 points or 1.76% from the previous close at 25,860.17 points. The Sensex touched a high of 26,244 points and a low of 25,874.45 points during the intra-day trade so far.The NSE Nifty closed with a gain of 142 points at 8,107. The Nifty opened at 8,008 hitting a high of 8,122 and low of 7,977.Technically, A close above the 8000-8050 zone would boost bullish sentiment, experts said. On the downside, the Nifty50 has meaningful support near the 7,920 and 7,880 levels, but it needs to cross and hold above the 8,050 level to get a confirmation of trend reversal after a sharp drop over the past five weeks.

TOP GAINERS: Tech Mahindra, TCS, Infosys, HCL Tech and Sun Pharma

TOP LOSERS:  ACC, Bharti Infratel, Bajaj Auto, Eicher Motors and Bharti Airtel

SENSEX SINKS 192 POINTS; NIFTY50 SETTLES NOVEMBER F&O SERIES AT 7965

Equity indices, Sensex and Nifty50, snapped a two-day winning streak on Thursday after the rupee fell to a record low, dampening market sentiment. The Sensex lost 240.84 points or 0.92% at the day's low of 25,810.97 in afternoon trade, its lowest level since 22 November 2016. The barometer index shed 2.67 points or 0.01% at the day's high of 26,049 in opening trade. The Nifty lost 80 points or 1% at the day's low of 7,952. in late trade, its lowest level since 22 November 2016.

Technically, The Nifty50 remained in the grip of the bears for most part of the trading session on Thursday as the November series futures and options contracts expired. The bulls tried to make a comeback, but selling pressure pushed the index below the 8,000 mark, which resulted in a bearish candle on the daily candlestick charts. Formation of two Hammer patterns on the daily charts suggested a reversal. But, as suggested, a Hammer pattern requires a confirmation by a way of long white day or long bullish candle in the very next session. If we ignore price action of the last 30 minutes, then the benefit of the doubt goes to the bulls. On the first day of the new series, if the Nifty50 closes above 8,000, then

TRADE IDEA ON MOTHERSUMI FUTURE FOR 24 NOV 2016

“BUY MOTHERSUMI ABOVE 300 TGT 308/315”

FOR MORE CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 300, as the stock is sustaining above its 200 days moving averages in short term charts. One may initiate the long position above the mentioned level for the targets of 308/315 and with the strict stop loss of 290.

Nifty settles above 8000

The Sensex rose 91 points or 0.35% to settle at 26,051, its highest closing level since 18 November 2016. The index rose 169 points or 0.65% at the day's high of 26,130. The index lost 83 points or 0.32% at the day's low of 25,877.The Nifty rose 31 points or 0.39% to settle at 8,033., its highest closing level since 18 November 2016. The index rose 52.points or 0.66% at the day's high of 8,055. The index lost 29.20 points or 0.36% at the day's low of 7,973.With dollar regaining strength, and with FII selling persisting, stocks failed to add much to Tuesday’s short covering rally.several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3

TOP GAINERS:  Lupin, Hindalco, Asian Paints, Tata Steel, Bosch and L&T

TOP LOSERS:  M&M, HDFC, Bank of Baroda, Maruti, Gail, BPCL

SENSEX ENDS 200 POINTS HIGHER, NIFTY RECLAIMS 8,00

Sensex reclaimed the 26,000-mark by rising over 260 points and the Nifty regained the key 8,000-level in early trade today, after six days of losses, on widespread buying amid firm Asian cues. The market turned positive after six consecutive days of fall, the positive traction in global market and short covering ahead of expiry providing an interim relief. However, investors are not completely inclined to place a fresh bet due to the cloudy concerns of demonetization and the strengthening dollar. The indices bounced back from 6-month lows with Sensex snapping it’s six-session long losing streak to reclaim its 26,000 levels during early morning trade, rising as much as 274 points. 
                                          Technically, A strong break below 7940 will increase the downside pressure and drag it to 7900/7850. Traders can go short on a break below 7940.On the other hand, a decisive break above 8100 will ease the downside pressure and take the index futures higher to 8200 and 8250.

TOP GAINERS:  Hindalco, Bajaj Auto, Hero Motors, HDFC, HUL

TOP LOSERS:  BHEL, L&T, Gail, Dr. Reddy 

TRADE IDEA ON ZEEL FUTURE FOR 22 NOV 2016

“SELL ZEEL BELOW 430 TGT 410/400”

FOR MORE  CALLS FILL UP THE FORM GIVEN HERE>>>>>

Primary trend of the stock is bearish and it is likely to show correction with the breach of the support level of 430, where one may initiate the short position in it for the targets of 400,380 while stop loss can be placed at 480. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 450.Breakout of its resistance level may show recovery in it where traders can expect targets of 480 and 500 while major support of 320 can be placed as technical stop loss.

Nifty shuts below 8,000 mark

The benchmark Sensex ended lower for the sixth straight session. The Sensex lost 385 points or 1.47% to settle at 25,765, its lowest closing level since 24 May 2016. The index rose 120. points or 0.45% at the day's high of 26,270. The index lost 432.31 points or 1.65% at the day's low of 25,717.The Nifty fell 145 points or 1.8% to settle at 7,929, its lowest closing level since 24 May 2016. The index rose 28.35 points or 0.35% at the day's high of 8,102. The index lost 157 points or 1.95% at the day's low of 7,916. Technically, A strong break below 7950 will increase the downside pressure and drag it to 7900/7850. Traders can go short on a break below 7950.On the other hand, a decisive break above 8100 will ease the downside pressure and take the index futures higher to 8200 and 8250. 

TOP GAINERS:  Wipro, TCS, ONGC, Reliance and Hero

TOP LOSERS:  SBI, Tata Steel, PowerGrid, Maruti, Tata Motors and Mahindra & Mahindra