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

WEEKLY ANALYSIS OF WOCKPHARMA FOR 19 SEP-23 SEP

“BUY WOCKPHARMA ABOVE 952 TGT 980/1000”

“SELL WOCKPHARMA BELOW 900 TGT 870/845”

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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 952 as the stock is managing to sustain above the level of 950. One may get the targets of 950/1000 in the stock with the stop loss of 900.

CANDLESTICK PATTERN:BULLISH TWO RABBITS

A downtrend has been in place, and the strong black candlestick adds to the bearishness that is already present. The following day opens lower with a gap down. Prices rise a little bit, and a short white candlestick is observed. The bears are not alarmed by this day, because even though a white body appears, prices fail to close above the close of the previous day. The third day opens at or below the close of the second day, but it rallies throughout the day and closes well within the body of the first day. The third day’s price action fills the gap of the second day, and shows that bearishness is eroding.

sensex ends higher ,Nifty above 8750

Today, Sensex ended with a gain of 186 points at 28,599. The Sensex opened at 28,520 touched an intra-day high of 28,779 and low of 28,495.The Nifty closed with a gain of 37 points at 8,780. The Nifty opened at 8,781 hitting a high of 8,848 and low of 8,751.The Indian stock market carried on with its northward journey and rallied for the third straight session tracking a positive trend seen in Asian markets after weak US data reduced the already low chance of an interest rate hike by the Federal Reserve at next week's meeting. 

TOP GAINERS:  Eicher Motors, Grasim, ITC, BPCL, Hero MotoCorp, Axis Bank, TCS

TOP LOSERS:  Yes Bank, BHEL, Tata Steel, Zee, Hindalco, Asian Paints and Tata Motors 

TECHNICAL ANALYSIS OF AMARAJABAT

“BUY AMARAJABAT ABOVE 1052 TGT 1078/1100”

AMARAJABAT  Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 1052, 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 1100/1130 and with the strict stop loss of 1020.

CANDLESTICK PATTERN: BULLISH TWO RABBITS

A downtrend has been in place, and the strong black candlestick adds to the bearishness that is already present. The following day opens lower with a gap down. Prices rise a little bit, and a short white candlestick is observed. The bears are not alarmed by this day, because even though a white body appears, prices fail to close above the close of the previous day. The third day opens at or below the close of the second day, but it rallies throughout the day and closes well within the body of the first day. The third day’s price action fills the gap of the second day, and shows that bearishness is eroding.
SENSEX ENDS RANGEBOUND SESSION HIGHER, NIFTY ABOVE 8750

Sensex ended with a gain of 41 points at 28,413. The Sensex opened at 28,398 touched an intra-day high of 28,444 and low of 28,311.The Nifty closed with a gain of 16 points at 8,743. The Nifty opened at 8,744 hitting a high of 8,752 and low of 8,704.35. The Indian equity market spent the entire day in a narrow range after the recent slide and ended marginally higher for the second consecutive session.

TOP GAINERS:  BHEL, ZEE, RIL, Maruti Suzuki, ITC, Hindalco, Cipla, HDFC, HDFC

TOP LOSERS: Yes Bank, Power Grid, Axis Bank, Bajaj Auto, NTPCand BPCL

SENSEX CLOSES FLAT IN A LACKLUSTRE TRADE, NIFTY SETTLES ABOVE SUPPORT LEVEL 8,720

Sensex ended with a gain of 19 points at 28,372. The Sensex opened at 28,345 touched an intra-day high of 28,416 and low of 28,259.The  Nifty closed with a gain of 11 points at 8,727. The Nifty opened at 8,711 hitting a high of 8,740 and low of 8,689. After witnessing a gap down opening on Monday, stock markets opened today on a relatively sedate note but traded volatile during the day. The Nifty on Wednesday closed the volatile session marginally in the green, but above the crucial support level of 8,720. Yes Bank staged a recovery after a sharp correction in the previous sessions after it deferred its QIP issue. The stock gained 4%. Indian Stock Market was open negative. Technically, Indian Stock Market is still in negative zone. Market would see further downfall and traders can hold short positions as of now. Some buying would be seen at lower levels that may help market to see some bounce but for now, overall market is negative and every positive movement is an opportunity for traders to go short in the market and every downfall would be an opportunity to book profits near support levels. Traders should remember that this downfall is for very short term and would be considered just as correction to this positive rally but can take index to levels of 8600-8500 if seen below 8700 for Nifty.

CANDLESTICK PATTERN:

The index formed a 'Spinning Top' kind of pattern for the second day in a row, which indicated indecisiveness among the bulls as well as the bears. The pattern resembles a 'Spinning Top' kind of candlestick pattern, because the distance between the opening level and the intraday high is almost equal to the distance between the opening level and the intraday low.

TOP GAINERS:  Bank of Baroda, Yes Bank, Tata Motors DVR, , Axis Bank

TOP LOSERS:  Bosch, Coal India, ONGC, TCS, Sun Pharmaceuticals, KotakBank

YESTERDAY’S SUNTV CALL UPDATE:

" SUNTV  FUTURE CALL ROCKS....!!! 

HIT TGT 460 MADE HIGH OF 483.90

TOTAL PROFIT 56800 IN JUST 1 LOT 

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STOCK FUTURE TRADING TIPS FOR 14 SEP

BUY SUNTV Above 450 TGT 455/460 SL 445 

BUY BHEL Above 154 TGT 160/168 SL 150 

BUY IDBI  Above 80 TGT 83/88 SL 77

SELL YESBANK  BELOW 1200 TGT 1190/1175 SL 1215

BUY FIEMIND  Above 1100 TGT 1150/1200 SL 1075

TRADE IDEA ON SUNTV FUTURE FOR 14 SEP 2016

“SELL SUNTV BELOW 450 TGT 445/440”

SUNTV is showing correction since past few days and also sustaining above lower trend line support level 450. is forming a bearish after top gap down candlestick pattern in short term charts, it is likely to show correction with the breach of the support level of 450, where one may initiate the short position in it for the targets of 440, while stop loss can be placed at 465. On the other side ,short term charts showing  the resistance level of 480.Breakout of its resistance level may show recovery in it where traders can expect targets of 490 and 500 while major support of 1500 can be placed as technical stop loss 460.

CANDLESTICK :BEARISH AFTER TOP GAP DOWN

The first two white days and the gapping up third white day create a market with an extended bullishness. The fourth day is a strong black day that shows that there might be some weakness finally in the uptrend. The fifth day gaps down and closes near its lows creating a strong black candlestick. It now appears that the market overextended itself to the upside and a reversal of the prior trend has begun.

NIFTY DROPS OVER 151 POINTS ON FED RATE HIKE

Sensex ended with a loss of 444 points at 28,354. The Sensex opened at 28,481 touched an intra-day high of 28,481.11 and low of 28,251.The Nifty closed with a loss of 151 points at 8,716. The Nifty opened at 8,733 hitting a high of 8,747 and low of 8,699. Indian stocks witnessed a sharp plunge on Monday on weak global cues. Besides, investors engaged in profit booking in the recent gainers at attractive and higher valuations. Stock market will remain closed tomorrow on account of on account of Bakri Id.  

TOP GAINERS: Infosys, Delta Corp, Balkrishna Industries, ICRA

TOP LOSERS:  ICICI Bank, Tata Motors, Axis Bank, Tata Steel , M&M

WEEKLY TIP OF MARUTI FOR 12 -16 SEP

“SELL MARUTI BELOW 5400 TGT 5300/5200”

CANDLESTICK : BEARISH HANGING MAN

The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.

Nifty settles below 8,900 mark ,Some Sharp Correction To Be Seen 

Today, the Sensex ended with a loss of 248 points at 28,797. The BSE Sensex opened at 29,063 and touched an intra-day high of 29,062.90 and low of 28,755.The NSE Nifty closed with a loss of 86 points at 8,867. The NSE Nifty opened at 8,934 hitting a high of 8,939 and low of 8,859. The Indian equity market ended with losses on Friday. Weak global cues, profit booking and a weak rupee dampened the sentiment. Indian Stock Market was open neagtive. Technically, analysis would still remain same and Indian Stock Market is still in positive zone. Trade has to be on the positive side. Every dip in the market would be an opportunity for traders to go long. We may see further consolidation before Nifty breaches 9000 mark. Nifty would surely breach 9000 mark in day to come after some consolidation or correction but once it does so, we would see lifetime highs of 9119 breaching immediately and market would create new lifetime highs in that case.

TOP GAINERS: ONGC, GAIL, Wipro, TCS, RIL, HCL Tech, HDFC Bank  

TOP LOSERS:  Hindalco, Yes Bank, UltraTech Cement, Axis Bank