WEEKLY RECOMMENDATION UPDATE:

HINDPETRO HIT TGT 470 MADE HIGH OF 482.40

WEELY TOTAL PROFIT: 68040 IN JUST ONE LOT

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

Sensex ends marginally up; Nifty50 holds above 8,100 

The  Sensex ended with a gain of 34 points at 26,350. The indices opened at 26,304, touched an intra-day high of 26,414 and low of 26,183.The Nifty closed 13 points higher at 8,127 points. it opened at 8,081 points, hitting a high of 8,147 and low of 8,067. After a volatile session, the Indian stock market ended flat on Monday. The domestic market traded on a flat note during the mid-afternoon session .Banking stocks recovered after falling up to 4% following RBI’s cash reserve ratio (CRR) hike on incremental deposits.Sentiments got some support with Fitch Ratings’ latest statement that it expects India's GDP growth trend to be higher than China's in the medium term despite demonetisation. Some support also came after the RBI Governor Urjit Patel said that all necessary actions are being taken to 'ease the genuine pain of citizens' who are honest and who have been hurt.Technically, A strong break below 8100 will increase the downside pressure and drag it to 8000/7950. Traders can go short on a break below 8100.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8250 and 8350 .

TOP GAINERS:  Bharti Airtel, Tata Power, Zee, Idea Cellular, Adani Ports, Bosch, ONGC

TOP LOSERS:  Bank of Baroda, SBI, IndusInd Bank, Yes Bank, ICICI Bank and M&M

WEEKLY TRADE IDEA ON SRF FUTURE FOR 28 NOV-02 DEC 2016

“BUY SRF ABOVE 1530 TGT 1560/1580”

“SELL SRF BELOW 1470 TGT 1440/1400”

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 1530 as the stock is managing to sustain above the level of 1550. One may get the targets of 1560,1580 in the stock with the stop loss of 1470.

Fantastic Friday! Nifty reclaims 8,100 mark, Sensex surges 456 points

Sensex which opened at 25,953.24 points, closed at 26,316, up 456 points or 1.76% from the previous close at 25,860.17 points. The Sensex touched a high of 26,244 points and a low of 25,874.45 points during the intra-day trade so far.The NSE Nifty closed with a gain of 142 points at 8,107. The Nifty opened at 8,008 hitting a high of 8,122 and low of 7,977.Technically, A close above the 8000-8050 zone would boost bullish sentiment, experts said. On the downside, the Nifty50 has meaningful support near the 7,920 and 7,880 levels, but it needs to cross and hold above the 8,050 level to get a confirmation of trend reversal after a sharp drop over the past five weeks.

TOP GAINERS: Tech Mahindra, TCS, Infosys, HCL Tech and Sun Pharma

TOP LOSERS:  ACC, Bharti Infratel, Bajaj Auto, Eicher Motors and Bharti Airtel

SENSEX SINKS 192 POINTS; NIFTY50 SETTLES NOVEMBER F&O SERIES AT 7965

Equity indices, Sensex and Nifty50, snapped a two-day winning streak on Thursday after the rupee fell to a record low, dampening market sentiment. The Sensex lost 240.84 points or 0.92% at the day's low of 25,810.97 in afternoon trade, its lowest level since 22 November 2016. The barometer index shed 2.67 points or 0.01% at the day's high of 26,049 in opening trade. The Nifty lost 80 points or 1% at the day's low of 7,952. in late trade, its lowest level since 22 November 2016.

Technically, The Nifty50 remained in the grip of the bears for most part of the trading session on Thursday as the November series futures and options contracts expired. The bulls tried to make a comeback, but selling pressure pushed the index below the 8,000 mark, which resulted in a bearish candle on the daily candlestick charts. Formation of two Hammer patterns on the daily charts suggested a reversal. But, as suggested, a Hammer pattern requires a confirmation by a way of long white day or long bullish candle in the very next session. If we ignore price action of the last 30 minutes, then the benefit of the doubt goes to the bulls. On the first day of the new series, if the Nifty50 closes above 8,000, then

TRADE IDEA ON MOTHERSUMI FUTURE FOR 24 NOV 2016

“BUY MOTHERSUMI ABOVE 300 TGT 308/315”

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

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 300, as the stock is sustaining above its 200 days moving averages in short term charts. One may initiate the long position above the mentioned level for the targets of 308/315 and with the strict stop loss of 290.

Nifty settles above 8000

The Sensex rose 91 points or 0.35% to settle at 26,051, its highest closing level since 18 November 2016. The index rose 169 points or 0.65% at the day's high of 26,130. The index lost 83 points or 0.32% at the day's low of 25,877.The Nifty rose 31 points or 0.39% to settle at 8,033., its highest closing level since 18 November 2016. The index rose 52.points or 0.66% at the day's high of 8,055. The index lost 29.20 points or 0.36% at the day's low of 7,973.With dollar regaining strength, and with FII selling persisting, stocks failed to add much to Tuesday’s short covering rally.several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3

TOP GAINERS:  Lupin, Hindalco, Asian Paints, Tata Steel, Bosch and L&T

TOP LOSERS:  M&M, HDFC, Bank of Baroda, Maruti, Gail, BPCL

SENSEX ENDS 200 POINTS HIGHER, NIFTY RECLAIMS 8,00

Sensex reclaimed the 26,000-mark by rising over 260 points and the Nifty regained the key 8,000-level in early trade today, after six days of losses, on widespread buying amid firm Asian cues. The market turned positive after six consecutive days of fall, the positive traction in global market and short covering ahead of expiry providing an interim relief. However, investors are not completely inclined to place a fresh bet due to the cloudy concerns of demonetization and the strengthening dollar. The indices bounced back from 6-month lows with Sensex snapping it’s six-session long losing streak to reclaim its 26,000 levels during early morning trade, rising as much as 274 points. 
                                          Technically, A strong break below 7940 will increase the downside pressure and drag it to 7900/7850. Traders can go short on a break below 7940.On the other hand, a decisive break above 8100 will ease the downside pressure and take the index futures higher to 8200 and 8250.

TOP GAINERS:  Hindalco, Bajaj Auto, Hero Motors, HDFC, HUL

TOP LOSERS:  BHEL, L&T, Gail, Dr. Reddy 

TRADE IDEA ON ZEEL FUTURE FOR 22 NOV 2016

“SELL ZEEL BELOW 430 TGT 410/400”

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Primary trend of the stock is bearish and it is likely to show correction with the breach of the support level of 430, where one may initiate the short position in it for the targets of 400,380 while stop loss can be placed at 480. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 450.Breakout of its resistance level may show recovery in it where traders can expect targets of 480 and 500 while major support of 320 can be placed as technical stop loss.

Nifty shuts below 8,000 mark

The benchmark Sensex ended lower for the sixth straight session. The Sensex lost 385 points or 1.47% to settle at 25,765, its lowest closing level since 24 May 2016. The index rose 120. points or 0.45% at the day's high of 26,270. The index lost 432.31 points or 1.65% at the day's low of 25,717.The Nifty fell 145 points or 1.8% to settle at 7,929, its lowest closing level since 24 May 2016. The index rose 28.35 points or 0.35% at the day's high of 8,102. The index lost 157 points or 1.95% at the day's low of 7,916. Technically, A strong break below 7950 will increase the downside pressure and drag it to 7900/7850. Traders can go short on a break below 7950.On the other hand, a decisive break above 8100 will ease the downside pressure and take the index futures higher to 8200 and 8250. 

TOP GAINERS:  Wipro, TCS, ONGC, Reliance and Hero

TOP LOSERS:  SBI, Tata Steel, PowerGrid, Maruti, Tata Motors and Mahindra & Mahindra

WEEKLY TRADE IDEA ON HINDPETRO FUTURE FOR NOV 2016

YESTERDAY’S RECOMMENDATION:
GLENMARK HIT ALL TGT 900 MADE HIGH OF 903.50
DAILY PROFIT: 14000 IN JUST TWO LOT
WEELY RECOMMENDATION UPDATE:
ZEEL  HIT TGT 450 MADE LOW OF 442.90

WEELY TOTAL PROFIT: 96460 IN JUST TWO LOT

“BUY HINDPETRO ABOVE 450 TGT 470/490”

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Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 466, as the stock is sustaining above its 200 and 50,22 days moving averages. One may initiate the long position above the mentioned level for the targets of 490/500 and with the strict stop loss of 420.

Sensex trades flat, Nifty below 8,100

Sensex closed down 77 points, or 0.30%, at 26,150.24. The  Sensex opened at 26,270, touched an intra-day high of 26,349 and low of 26,118.The Nifty closed with a loss of mere six points at 8,074. The Nifty opened at 8,097 hitting a high of 8,129 and low of 8,048.Technically,

TRADE IDEA ON GLENMARK FUTURE FOR 18 NOV 2016

“BUY GLENMARK ABOVE 890 TGT 895/900”

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

Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 890, as the stock is sustaining above its 200 days moving averages. One may initiate the long position above the mentioned level for the targets of 895/900 and with the strict stop loss of 880.

Nifty shuts below 8,650 mark

Sensex ended with a loss of mere 71 points at 26,228. The  Sensex opened at 26,305, touched an intra-day high of 26,450 and low of 26,155.The Nifty closed with a loss of 32 points at 8,080. The Nifty opened at 8,105 hitting a high of 8,151 and low of 8,060. The domestic market fell for the fourth straight session as lenders pared most of their early gains to close lower along with software exporters while select energy and auto stocks made a comeback ahead of US Federal Reserve Chair Janet Yellen's testimony to the US Congress today. Shares swung between gains and losses during the day with Sensex rising as much as 150 points in early trade but it later pared gains and fell more than 100 points in the intra-day trade. Nifty50 also breached its crucial 8,100 level during the day. Technically, A strong break below 8050 will increase the downside pressure and drag it to 8000/7950. Traders can go short on a break below 8050.On the other hand, a decisive break above 8500 will ease the downside pressure and take the index futures higher to 8600 and 8700. 
TOP GAINERS: Tata Motors, Hindalco, Tata Motors DVR, Power Grid, GAIL, BHEL
TOP LOSERS:  Ambuja Cement, Bharti Airtel, Zee, TCS, ACC and Asian Paints