Monday, June 22, 2015

MARKET SUMMARY FOR 22 JUNE 2015

The Sensex today surged by 414 points to 27,730 and nifty up by 1.4 % at 8355 made high of 8374 on Monday. The bulls would continue to be on the driver’s seat. Despite the US market closing a little more than half a percentage point down, the Asian markets are quite firm this morning, and it augurs well for the uptrend here and naturally for the bulls. On the way up, it needs to clear a strong supply zone between 8246 and 8280. Once this range is taken out the index would head for the next important target of 8350 – 8480. In case, there were to be profit taking led selling, below the 8195-level, the next range to watch out for is located between 8171 and 8130.
The only problem for the bulls is the huge number of put addition for the 8200-strike on last Friday—over 2 million units. In case there is any high volume based selling below 8195, it would have a cascading effect on those late cavalier bulls who sold put options like swashbucklers might have rue that stance then. In any case, so long as the 8130-mark holds, the bulls can always a comeback.
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INDIAN RUPEE ENDS 18 PAISA HIGHER AT ONE-MONTH HIGH OF 63.55 VS US DOLLAR
NIFTY LIKELY TO OPEN IN GREEN
DOWN JONES 99 POINTS DOWN18,015
NIKKIE 161 POINTS UP 20,335
HENG SENG 115 POINTS UP 26,876
EVENTS-

o   AGM OF ALLAHABAD BANK IS TO BE HELD ON JUNE26, 2015.THE BOOK         CLOSURE WAS FROM JUNE 20, 2015 TO JUNE 26,201
   AGM OF SYNDICATE BANK IS TO BE HELD ON JUNE 26, 2015.THE BOOK               CLOSURE WAS FROM JUNE 20, 2015 TO JUNE 26,2015.

Friday, June 19, 2015

MARKET SUMMARY FOR 19 JUNE 2015

Sensex extended its gain for sixth day in a row on Friday and rose 200 points to close at 27,316. The Nifty gained 50 points to 8,247.It was a day of real display of strength by the bulls for they showed the guts to build up major positions in the options as well as in futures! Not just that, they forced the bears to cover the short sold calls for strike prices of 7900 through 8100 for the June series in a big way: nearly 1.9 million units of call options for these strike prices were covered among which just 8100-strike saw a reduction of over 1.3 million units. On the put side, the bulls wrote around 5 million units for strike prices starting from 7900 through 8200. This only suggests that there would, most likely be, a serious attempt to get past the 200-day EMA at 8195 in the day’s session breaching it decisively. Equity benchmarks rallied for the sixth consecutive session Friday with the Nifty effortlessly conquering the 8200-mark, supported by banking & financials, oil and select auto stocks. Good monsoon start and upmove in global markets kept the investor mood positive.A strong trend at other Asian markets following a record closing at US markets yesterday despite the Greek stalemate helped.

NIFTY TRADING KEYS FOR 19 JUNE 2015

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RUPEE APPRECIATES 42 PAISA AGAINST DOLLAR AFTER FED OUTCOME
NIFTY LIKELY TO OPEN IN GREEN
DOWN JONES 180 POINTS Up 18,115
NIKKIE 161 POINTS UP 20,152
HENG SENG 279 POINTS UP 26,973
EVENTS
·         C.MAHENDRA EXPORTS LIMITED HAS INFORMED THE EXCHANGE THAT THE COMPANY HAS FIXED RECORD DATE AS JUNE 19, 2015 FOR THE PURPOSE OF BONUS1:1.

·         AGM OF ASHOK LEYLAND BOOK CLOSURE WAS FROM JUNE 19, 2015 TO 29, 2015... 

Thursday, June 18, 2015

MARKET SUMMARY FOR 18 JUNE 2015

CALLS GIVEN ON 17 MAY 2015
BANKBARODA CALL ROCKS..!!!!! ACHIEVED TGT 138.50 AND MADE A LOW OF 138
FUTURE:
 “SELL ONGC BELOW 311 TGT 305 SL 317”
The Sensex regained the 27,000 mark by climbing over 200 points in early trade today, extending its winning streak to the fifth straight day. The market ended on a higher note. The Sensex was up 283 points or 1 percent at 27115 and the Nifty was up 83 points or 1 percent at 8174. About 1634 shares advanced, 1099 shares declined and 157 shares were unchanged. Reliance, ONGC, Tata Motors, Sun Pharma and Wipro were top gainers in the Sensex. Among the losers were Coal India, Cipla, NTPC, Tata Steel and GAIL. This came on the back of continued buying by participants amid a mixed trend in global markets after the US Fed kept its near-zero benchmark interest rate unchanged. Besides, strengthening of the rupee by 25 paise at 63.87 against the dollar in early trade supported the rally. all sectoral indices led by healthcare, oil & gas, capital goods and consumer durables trading in the positive zone with gains of up to 1.04 per cent. Nifty gained back the 8,100 mark by surging 45 points, or 0.57 per cent, at 8,156. Value-buying also continued as the broader NSE index remained more than 10 percent below its record high hit in March.
Gains also tracked higher Asian shares after the Federal Reserve signaled that interest rates would rise more slowly than markets had expected. we need to keep a close watch on the range between 8160 and 8165. Once this is taken out we could see that the Nifty heading towards the significant resistance zone between 8190 and 8210. Immediately, however, some resistance we might see even at 8104. We would consider economic growth resurfacing if it were to fall below 8007 and close below that level.
Top five reasons why Sensex rose over 300 points in intra-day trade to reclaim 27000 

NIFTY TRADING KEYS FOR 18 JUNE 2015

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RUPEE STRENGTHENS 15 PAISA AGAINST US DOLLAR TO 64.10
GLOBAL CUESMIXED FLAT NIFTY OPENING SEEN TODAY
DOWN JONES 31 POINTS Up 17,935
NIKKIE 120 POINTS DOWN 20,098
HENG SENG  51  POINTS DOWN  26,738
EVENTS-
  • BANK OF BARODA PRESENTS THE BOOK CLOSURE DATE FROM 18 JUNE 2015 TO 24 JUNE 2015
  • ULTRACAB (INDIA) LTD. CONSIDER JUNE 18,2015 AS DATE OF EXTRA-ORDINARY GENERAL MEETING.. 

Wednesday, June 17, 2015

MARKET SUMMARY FOR 17 JUNE 2015

CALLS GIVEN ON 16 MAY 2015
INFY CALL ROCKS..!!!!! ACHIEVED TGT 1012 AND MADE A HIGH OF 1020
FUTURE:
“SELL BANKBARODA BELOW 140 TGT 138.50 SL 142.50”

Nifty was gap up opening today and ended at 8077 made low of 8043.Banknifty ended at 17525 and made a low of 17479. The Sensex slipped over 85 points in early trade today as participants booked profits after two sessions of gains amid sustained capital outflows and a weak trend at other Asian markets. Wednesday, rising 0.55 percent ahead of outcome of Fed’s two-day meeting tonight. banking, oil & gas, capital goods, PSU and IT sector stocks succumbed to profit-booking. Index heavyweights like Reliance Industries, L&T and HUL drove the market higher.

NIFTY TRADING KEYS FOR 17 JUNE 2015

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RUPEE GAINS 10 PAISA AGAINST DOLLER
POSITIVE GLOBAL CUES NIFTY TO SEE GAP UP OPENING
DOWN JONES  113 POINTS Up  17,904
NIKKIE 67  POINTS DOWN  20,190
HENG  SENG  81  POINTS Up  26,648
EVENTS
  • MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD POM ON 17 JUNE 2015.
  • INFOSYS LTD BOOK CLOSURE ON 17 JUNE 2015 PURPOSE DIVIDEND PAYMENT OF Rs.29.50/-PER EQUITY SHARE (EQUIVALENT TO Rs.14.75/- PER SHARE AFTER 1;1 BONUS ISSUE) & ISSUE OF 1 BONUS EQUITY SHARE OF Rs.5/- EACH FOR EVERY 1 EXISTING FULLY PAID UP EQUITY SHARE OF Rs.5/- EACH HELD.