MUST KNOW BEFORE TRADING IN NIFTY FOR 10 JUNE 2015

                   The rupee closed higher by 16 paise at 63.92 against the American currency on fresh selling of dollars by banks and exporters due to weakness of the greenback in the overseas market..

·                      Nifty down 21  points at the opening bell.

·                     Down Jones 2.51  points down  17,764

·                     NIKKIE 77  points up  20,173

·                     HENG SENG 40 point up 27029

·                     DIVIDENDS ORIENTAL BANK OF COMMERCE  POLARIS CONSULTING  & SERVICES  LTD.

TECHNICAL ANALYSIS OF AXISBANK

POSITIONAL FUTURE:

“BUY AXIS BANK ABOVE 562 TGT 570/580”

WEEKLY RESISTANCE: 558, 564, 577,590
WEEKLY PIVOT POINT: 551 
WEEKLY SUPPORT:  545, 538, 525,512

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 564.Breakout of its resistance level may show recovery in it where traders can expect targets of 570 and 580 while major support of 538 can be placed as technical stop loss.

MUST KNOW BEFORE TRADING ON 9 JUNE 2015

The rupee weakened 28 paise to trade at 64.03 against the dollar in early trade at the Interbank Foreign Exchange on capital outflows by foreign funds amid strengthening of the American currency against others overseas.

·                      Nifty 70 points down at the opening bell.

·                     Down Jones 72 points down  17766

·                     NIKKIE 164 points down 20,292

·                     HENG SENG 306 point down 27,010

·                     Dividends announcement of Sundram Fasteners Ltd on June 9, 2015

MARKET SUMMARY FOR 8 JUNE 2015

FUTURE:

“BUY TATAMOTORS ABOVE 440 TGT 450 SL 430”

The market ended on a negative note as the Sensex slips 245 pts or 0.9% at 26523. And The Nifty slipped 70 points or falls by 0.9 % at 8043 made low of 8032, so The market is move towards weak closing for the fifth consecutive session. Tata Power, Bajaj Auto, Axis Bank, M&M and TCS were top gainers while Vedanta, Tata Steel, Sun Pharma, Reliance and Hero MotoCorp were losers in the Sensex. About 788 shares advanced, 1850 shares declined, and 176 shares were unchanged. 25 of 30 Sensex stocks ended the day in red. Nestle BSE -7.63 % ended day nearly 8 per cent down. Nestle India Ltd slipped

MARKET SUMMARY FOR 04 JUNE 2015

FUTURE:

“SELL IDEA ABOVE 173 TGT 170 SL 176”

Sensex, Nifty open flat, Coal India up 4%, Tata Motors dips .After a volatile move, the market ended flat again. The Sensex was down 45 points at 26768 and the Nifty slipped 16  points at 8114. About 1374 shares advanced, 1300 shares declined and 161 shares were unchanged. After a volatile ride, the market ended flat again. Equity benchmarks erased more than half of gains in late trade, selling in select banking & financials, technology and auto stocks. Sensex took a sudden plunge in the final hour of trade and slipped into red after gaining over 150 points in intraday trade on Friday.

MUST KNOW BEFORE TRADING FOR 5 JUNE 2015

·                     Extending its losses for the third straight day, the rupee on Thursday hit a fresh 20-month low of 64.26 intra-day against the American currency

·                      Nifty could gain 14.50 points at the opening bell.

·                     Down Jones 170 points down  17,905

·                     NIKKIE 89 points down @ 20,398.

·                     HENG SENG 166 points down 27,385.

·                      OPEC MEETING  HELD TODAY JUNE 5,2015

MARKET SUMMARY FOR 04 JUNE 2015

“BUY WOCKPHARMA ABOVE 1400 TGT 1430 SL 1375”

Nifty ends above 8147, Sensex ended  flat; RIL, HDFC up 1-2% Reliance, HDFC, Wipro and HDFC Bank were top gainers in the Sensex. Tata Steel, Vedanta, ONGC, ICICI Bank and Bajaj Auto were major laggards.After a sluggish day, the market ended on lower note. The Sensex was down 24 points at 26813 and the Nifty slipped 4 points at 8147. About 1270 shares advanced, 1388 shares declined and 162 shares were unchanged. 

MARKET SUMMARY FOR 3 JUNE 2015

CALLS GIVEN ON 2 JUNE 2015

ZEEL CALL ROCKS..!!!!! ALMOST ACHIEVED TGT AT 332.85 TOTAL 

FUTURE:

“BUY ASIANPAINT ABOVE 760 TGT 780 SL 745”

Bears remained in charge of the second consecutive session on Wednesday as equity benchmarks lost more than 1.2 percent. The 30-share BSE Sensex closed below the 27000-mark, down 352  points to 26837. The 50-share NSE Nifty plunged 102  points to 8149 and made a low of 8098, dragged by FMCG, pharma, auto and select banks stocks.
Sensex ends below 27K; FMCG drags, Infosys up Investor sentiment continued to be fragile on RBI’s hawkish forecast indicating further rate cut may be delayed till next calendar year. Monsoon forecast downgrade, weak earnings growth in Q4FY15 and slowdown in services sector also fuelled fears of slow economic growth going ahead. The Sensex ended down 352 points or 1.3 percent at 26837. and the Nifty slipped 102 points or 1.2 percent at 8149. About 622 shares advanced, 2111 shares declined and 121 shares were unchanged.