KEYS TO TRADE IN NIFTY FOR 12 JUNE 2015

• Rupee closes 13 paise weaker against US dollar at 63.97.

• Market  May Continue Losing Streak,Red Nifty Opening Seen

• Down Jones 38  points up  18,039

• NIKKIE 10  points up  20,393

• HENG SENG 163  point up 27,071

• DIVIDENTS OF BIRLA CORPORATION LTD & VIJAYA  BANK

MARKET SUMMARY FOR 11 JUNE 2015, NIFTY CRASHES BELOW 8,000

Breakdown on the Street! Nifty crashes below 8,000. Finally Sensex shed 476 points or 1.9 percent at 26352 and the Nifty plunged 164 points or 2 percent at 7961 and made a low of 7950. It is another dismal day,The Both the indices ended at 8-month lowest closing level. About 792 shares advanced, 1852 shares declined, and 152 shares were unchanged. The Nifty is witnessing sharp selling pressure and has breached important support of 8,000 for the first time since May 7. and bank nifty also ended down by 2.4 percent at 17245 and made a low of 17237.

The Nifty and Bank Nifty have failed to move past clusters of moving averages. Markets ended in red for the second consecutive week due to persistent selling pressure even as RBI cut policy rates by 25 bps and took a cautious stance on the economic recovery, while a forecast of a deficient monsoon added to the rout.

TOP GAINERS & LOSERS OF 11JUNE2015.

GAINERS
VEDL, BPCL , TECHM, SUNPHARMA

LOSERS
ASIANPAINT, TATAMOTORS ,TATAPOWER, IDEA, KOTAKBANK

KEYS TO TRADE IN NIFTY FOR 11 JUNE 2015

·                     Rupee was trading 14 paise higher at Rs 63.78 against the dollar

·                     Nifty futures is completing 15 years on Thursday. Launched on 12 June 2000, the index had then opened at 1461 and has moved nearly 5.5 times in the past 15 years.

·                      Nifty up  24 points at the opening bell.

·                     Down Jones 236  points up  18,000

·                     NIKKIE 288  points up  20,335

·                     HENG SENG 232 point up 26,901

·                     BOARD MEETINGS OF  CERA SANITARYWARE LTD & RAIN INDUSTRIES LTD WILL BE HELD JUNE 11,2015.

MARKET SUMMARY FOR 10 JUNE 2015

The market ended with style making some smart moves. The Sensex ended up 359 points or 1.4 percent at 26840, and the Nifty was up 102 points or 1.1 percent at 8119 and made a low of 8024 ,and bank nifty ended up by 1 percent at 17671 and made a low of 17511 . About 1705 shares advanced, 949 shares declined, and 151 shares were unchanged. BHEL was the top gainer on Sensex, up 4% and Wipro, Bajaj Auto, Reliance and L&T were also top gainers in the Sensex. 29 stocks on the Sensex ended the day in green. Sensex surged over 450 points in intraday trade after A relief rally after seven consecutive selling trading session was witnessed at the bourses on the back of short covering, lower level buying. Deferral of China’s shares into MSCI index, strong global cues and stronger rupee lifted the sentiment.

The market strengthened further in afternoon trade, supported by short covering in banking & financials, oil, technology and capital goods stocks. And Recovering from nearly 8-month lows, the benchmark BSE Sensex gained over 236 points in early trade today, snapping its 6-session losing streak, on the back of a rebound in blue-chip stocks following value buying and positive cues from other Asian markets.

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