SENSEX ENDS HIGHER AHEAD OF F&O EXPIRY

After having corrected in the past three consecutive trading sessions, the Indian stock market closed on a higher note on Wednesday ahead of expiry of September futures & options. The stock market oscillated between gains and losses. After a flat opening, markets staged recovery in noon trades and closed higher. A strong rebound with Positive opening of European markets and a firm rupee partially supported the upmove in domestic equities. And amid recovery in global crude oil prices further bolstered trading sentiment during mid-session. Meanwhile, investors are keenly awaiting for the expiry of the September F&O series and roll over positions to the October series due tomorrow.

                      Technically, Indian Stock Market is still in negative zone. Now market is near strong support of 8688 levels. Closing below those levels would force market to see a sharp downfall. Traders should still hold short positions as of now. This downfall is a correction to the positive rally and would not last long but traders should hold the short positions until the reversal is seen. If levels of  8688 is breached for Nifty then Next target would be 8620-8580-8500 for Nifty and. For now, trade is to go short at every positive rally.

TOP GAINERS:   Hindalco, Idea Cellular, Tata Steel, Zee, Bank of Baroda

TOP LOSERS:  Reliance , Tech Mahindra, Coal India, HUL, SUNPHARMA ,TCS 

TRADE IDEA ON WIPRO FOR 28 SEP 2016

“BUY WIPRO ABOVE 486 TGT 492/500”

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

WIPRO 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 486 as the stock is managing to sustain above the level of 485. One may get the targets of 492,500 in the stock with the stop loss of 478.

NIFTY ENDS IN RED, Nifty below 8,750

Sensex ended with a loss of 71 points at 28,224. The Sensex opened at 28,373 touched an intra-day high of 28,433 and low of 27,179.The Nifty closed with a loss of 16 points at 8,706. The Nifty opened at 8,749 hitting a high of 8,769 and low of 8,691. Markets made a positive opening however, the rally fizzled out on account of profit booking at higher levels.  Besides, domestic markets will remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2016 series to October 2016 series. The near month September 2016 derivatives contracts expire on Thursday, 29 September 2016.

TOP GAINERS:  Power Grid, Axis Bank, Infosys, TCS, Hero MotoCorp and Reliance 

TOP LOSERS:  ICICI Bank, Bharti Airtel, GAIL, HDFC, L&T, Maruti Suzuki and HUL

SENSEX SLIPS 374 POINTS, NIFTY BELOW 8,750

Indices ended over 1% lower, amid weak global cues, and indices extended their losing streak to a second consecutive trading session on Monday. The domestic market extended its fall and hit a fresh intraday low in afternoon trade as European stocks declined in early trade there. Sensex ended with a loss of 374 points at 28,294. The Sensex opened at 28,631, touched an intra-day high of 28,630.92 and low of 28,272.The  Nifty closed with a loss of 109 points at 8,723. The Nifty opened at 8,808 hitting a high of 8,810 and low of 8,715. 

               Technically, Indian Stock Market is in negative zone but Market may see some bounce from day lowsNifty has entered into a consolidation phase where the 8,980-plus level is a bullish trend, while below 8,510 would signal a trend reversal. For now there is strong chances of Market to enter into negative zone again and if that happens, market would see sharp downfall. Huge Volatility would be seen in F&O Expiry week. Nifty closes below 8750 levels, Market would surely see a sharp downfall. 

STOCKS FOR TOMORROW: 

LT, WOCKPHARMA,STAR,RELIANCE,JUBLFOOD

TOP GAINERS:  BPCL, Coal India, Zee, Dr. Reddy’s, Lupin, RIL, Yes Bank,

TOP LOSERS:  ONGC, ICICI Bank, Tata Motors, NTPC, Idea Cellular and GAIL

WEEKLY ANALYSIS OF SIEMENS FOR 26 SEP-30 SEP

“BUY SIEMENS ABOVE 1282 TGT 1300/1325”

“SELL SIEMENS BELOW 1250 TGT 1228/1200”

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

Primary trend of the stock is bullish and is consolidating at the 1270-1280 level. It is expected to continue the bull run with the crossing of the resistance level of 1282, 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 1330/1325 and with the strict stop loss of 1260. where one may initiate the short position in it only below 1250 for the targets of 1228/1200, while stop loss can be placed at 1282.

Sensex ends lower, Nifty below 8,850

Sensex ended with a loss of 105 points at 28,668. The Sensex opened at 28,810 touched an intra-day high of 28,825 and low of 28,627.The Nifty closed with a loss of 36 points at 8,832. The Nifty opened at 8,881 hitting a high of 8,885 and low of 8,820. Indices lost ground in late trades to end lower as investors booked profits after gains in the previous session post the US Federal Reserve's decision to keep interest rates unchanged. Nifty edged marginally lower on Friday and lost nearly half a percent, tracking decline in select index majors. The move was on expected line in Nifty and we believe it’ll continue ahead also. However, the range would be broader due to upcoming F&O expiry. Technically, Indian Stock Market is still in positive zone and traders can hold long positions as of now. Traders can hold long positions with strict stoploss of 8780 levels for Nifty . If Nifty breaches levels of 8894 levels whereas a sharp negative rally would be seen if Nifty breaches 8780 levels.

TOP GAINERS:  RIL, Dr.Reddy's, TCS, HCL Tech, HDFC, BPCL, Coal India, HDFC Bank

TOP LOSERS:  Lupin, Axis Bank, TCS, HUL, Coal India and Wipro

TECHNICAL ANALYSIS OF LT FOR 23 SEP 2016

 “BUY LT ABOVE 1510 TGT 1530/1550”

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 1510.Breakout of its resistance level may show recovery in it where traders can expect targets of 1530 and 1550 while major support of 1480can be placed as technical stop loss.

The Nifty closed above the crucial psychological barrier of 8,850-mark; Fed keeps interest rates unchanged

Sensex ended with a gain of 266 points at 28,773. The Sensex opened at 28,767 touched an intra-day high of 28,872 and low of 28,693.The Nifty closed with a gain of 90 points at 8,867. The Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837. market finished higher on Thursday, reversing two day’s losses as buying beaten down blue chip stocks supported market sentiment. However, the markets witnessed some profit booking near the day’s high, later on positive opening of the European markets helped markets regain strength.

                In overseas stock markets, European and Asian stocks edged higher mirroring gains in the US market after the Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018. US stocks registered strong gains yesterday, 21 September 2016, after the Federal Reserve kept interest rates unchanged but hinted at the possibility of a rate hike later this year. Concluding a two-day meeting, the Federal Open Market Committee (FOMC) announced that the federal funds rate will remain at 0.25% to 0.5%. The Fed also said risks to the economy have diminished since its last meeting in July. The Fed last raised rates in December 2015, the first hike in almost a decade.The Fed said US economic activity had picked up and job gains were "solid" in recent months.

TOP GAINERS:  Hero MotoCorp, NTPC, Adani Ports, SBI and Power Grid

TOP LOSERS:  Lupin, Axis Bank, TCS, HUL, Coal India and Wipro

NIFTY ABOVE 8,800 ; US FED ACTION EYED

The Sensex ended with a loss of 16 points at 28,507. The Sensex opened at 28,554 touched an intra-day high of 28,689 and low of 28,462.The Nifty closed with a loss of mere one points at 8,777. The Nifty opened at 8,790 hitting a high of 8,827 and low of 8,757.30. Markets erased intra-day gains to end flat after investors turned cautious ahead of the US Federal Reserve's decision on interest rate later today. Indian Stock Market was open flat with negative bias. Technically analysis would still remain same, Nifty is in Positive zone but BankNifty is still in negative zone. BankNifty would enter into positive zone once it closes above 20080 levels. Market would remain volatile before US FED meeting and Bank Of Japan’s Monetary Policy. Some correction was seen today but traders should go long at every dip in the market. Once BankNifty enters into positive zone, Indian Stock Market would see a strong comeback and a sharp positive rally would be seen in the market. Until then market would consolidate in a rangebound region. Traders should buy at dips until Nifty holds 8750 levels on closing basis. Breaching levels of 8688 for Nifty would force market to see a sharp downfall, so traders can hold long positions with strict stoploss of 8688 spot levels for Nifty.

EVENTS TODAY :

In overseas stock markets, European stocks edged higher after the Bank of Japan (BoJ) announced new monetary policy measures and as investors awaited the outcome of the US Federal Reserve's policy meeting .Indices rallied tracking positive trend seen in Asian markets after Bank of Japan unveiled a slew of fresh changes to its policy stance after its meeting on Wednesday, but kept rates unchanged. Japanese stocks led gains in Asian markets after the BoJ kept its deposit rate steady at minus 0.1% after the conclusion of its two-day monetary policy meeting today, 21 September 2016. Japan's central bank also said it would purchases of long-term government bonds with an incremental 80 trillion yen per year. Japan's Nikkei 225 Average ended 1.91% higher. BoJ also said it would expand its monetary base until inflation becomes stable above 2%. The central bank said it is committed to achieve 2% inflation as soon as possible. The central bank has decided to scrap its monetary base target.

TOP GAINERS:  Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharma ,Power Grid

TOP LOSERS:  Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC

WEEKLY WOCKPHARMA CALL UPDATE:

" WOCKPHARMA FUTURE CALL ROCKS....!!! 

HIT TGT 870 MADE LOW OF 869.90

           "PROFIT 36000 IN JUST 2 LOT" 

TO READ FULL REPORT CLICK ON 

https://beststockfuturecalls.blogspot.in/2016/09/weekly-analysis-of-wockpharma-for-19.html

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

TRADE IDEA ON HEROMOTOCO FOR 21 SEP

“BUY HEROMOTOCO AT 1526 TGT 1545/1565”

"SELL HEROMOTOCO AT 3469 TGT 3430/3400"

HEROMOTOCO  is showing correction since past few sessions and also sustaining above lower trend line support level 3470. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 3510.Breakout of its resistance level may show recovery in it where traders can expect targets of 3550 and 3580 while major support of 3450 can be placed as technical stop loss.

CANDLESTICK VIEW: BLACK OPENING MARUBOZU

A Black Opening Marubozu indicates that the sellers controlled the price action from the first trade to the last trade.However, the day does not close at the low, and thus creates a lower shadow.This candlestick is generally bearish. However, its position within the broader technical picture is also important. It may show a potential turning point and suggest that prices have reached to a resistance level after an extended rally (Bearish Belt Hold Pattern). If it is seen after a long decline, it may signal panic or capitulation, a final sell off attempt before bulls regain control. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading

EVENTS TODAY & TOMORROW:

The US Federal Reserve policy makers begin their two-day policy meeting today, 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.

Nifty below 8,800; US Fed, BoJ meets eyed

The Sensex ended with a loss of 111 points at 28,523. The Sensex opened at 28,691 touched an intra-day high of 28,699 and low of 28,481.The Nifty closed with a loss of 33 points at 8,776. The Nifty opened at 8,816 hitting a high of 8,816.45 and low of 8,759. The Indian equity market snapped a four-day winning streak on Tuesday led by profit booking, coupled with negative global cues and caution ahead of major global financial events. Now Technically, Nifty has entered into positive zone .For now, traders can go long in Nifty at every dip in the market. Nifty may see some immediate resistance at 8850 levels breaching which Nifty would see a sharp positive rally.

TOP GAINERS:  Dr. Reddy's, ONGC, Maruti Suzuki, Cipla, M&M, Asian Paints

TOP LOSERS:  Hero MotoCorp, Bharti Airtel, Adani Ports and Infosys