NIFTY ABOVE 8,800 AHEAD OF RETAIL INFLATION DATA

Market showed a range-bound movement with  positive bias as investors are awaiting CPI inflation data today. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not create much impact on RBI to change their current neutral stance. Focus will be on earnings and a revival in demand with realization growth.

                       The Nifty  has been struggling to extend its rally beyond 8,800 decisively over the last one week. The contract is facing strong resistance at 8,840. Broadly, the nifty seem to be range-bound between 8,730 and 8,840. Within this range there is a strong likelihood of it moving down towards 8,730 in the coming sessions. Traders with high risk appetite can go short at current levels. Stop-loss can be placed at 8,840 for the target of 8,745.A breakout on either side of 8,730 or 8,840 will decide the next leg of move for the contract.A fall below 8,730 can take it to 8,700 and 8,680. On the other hand, if the index futures manage to surpass 8,840 decisively, a rise to 8,865 and 8,900 is possible thereafter.

STOCK FUTURE TIP FOR WEEK 13-17 FEB

“BUY INFY ABOVE 968 TGT 1000/1020 SL 945”

READ MORE TO KNOW TECHNICAL BASIS :

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 972 as the stock is managing to sustain above the level of 950. One may get the targets of 1000,1020 in the stock with the stop loss of 945.

                       Primary trend of the stock is bullish and it may consolidating NEAR  the 740 higher level.  as the stock is sustaining above its 50&22 days moving averages with 55 RSI. One may initiate the long position above the mentioned level .200 EMA act as resistance level at 1030.

STOCK PICKS FOR 10 FEB 2017

“BUY UPL ABOVE 744 TGT 755/765 SL 730”

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Primary trend of the stock is bullish and it may consolidating NEAR  the 740 higher level. It is expected to continue the bull run with the crossing of the resistance level of 751, as the stock is sustaining above its 200 and 50&22 days moving averages with 70 RSI. One may initiate the long position above the mentioned level for the targets of 770,800 and with the strict stop loss of 730.

Sensex settles flat, Nifty below 8,800

After a positive opening at 8,816, the Nifty futures contract marked an intra-day high at 8,843.8.However, after witnessing selling pressure and due to profit-taking in PSU Banks, the contract began declining. While trending down, nifty breached the key immediate supports at 8,800 and 8,750 and recorded an intra-day low of 8,733.But it rebounded from this low and is on a marginal recovery mode. The market breadth towards advance/decline ratio is even.

               Strong rally beyond 8,800 is needed to ease the selling pressure and bring back

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RBI leaves key rates unchanged

Sensex settled the day at 28,289, down 45 points, while the Nifty ended at 8,769, up 1 point. Cut of 25 bps was widely expected and would have uplifted the sentiments. This rate cut was necessary from the perspective of bringing that demand back in the system. Markets would

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BUY BANKNIFTY ABOVE 20410 TGT 20550/20650 SL 20349

SELL BANKNIFTY BELOW 20349 TGT 20250/20150 SL 20410

Nifty was trading in negative territory for whole day and closed in red at 8768  levels, down by 32points or 0.37%. Sensex closed at 28335levels, down by 104points or 0.37%. Technically, Indian Stock Market is still in positive zone. Market would consolidate and wait for the next trigger i.e. RBI Policy meeting,  that would be disclosed tomorrow. Some Profit booking can’t be ruled out at this point of time. BankNifty is near its last resistance of 20575 levels and once it closes above those levels, there is no looking back as it would confirm an Inverse Head and Shoulder pattern that would force BankNifty to see lifetime highs and even breach those levels with sharp positive momentum. This trigger would be seen if RBI see rate cut tomorrow. Overall, market is positive and traders should continue to hold long positions for now.. The support for the Nifty is 8765-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.The support for BankNifty is at 20330-20285-20165-20130 and the resistance to the up move is at 20576-20610-20780-20900 levels.

RBI POLICY MEETING

Expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April.RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation

NIFTY CLOSES ABOVE 8800 AT 5 MONTHS' HIGH

weekly UPL SELL call HIT TGT 720 MADE LOW OF 720.30!!!

Indian Stock Market would open positive. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Traders should hold long positions as of now. Now, next target for Nifty is 8840-8860 levels. Nifty may see strong support at 8700 levels and is headed towards 8900-9000 levels. BankNifty is still in positive momentum and traders can hold BankNifty for the targets of 20500 levels in days to come. Market would see reversal if it closes below 8640 for Nifty and 19827 for BankNifty, until then every downtrend is an opportunity for traders to go long in the market. Overall, Market is positive and all trades should be in positive direction. RBI Policy would be disclosed on Wednesday that would further direct the market.
The support for the Nifty is 8697-8675-8615-8600-8570 and the resistance to the up move is at 8820-8840-8855-8885 levels.

WEEKLY LONG OR SHORT UPL FUTURE FOR 06-10 JAN 2017

“BUY UPL ABOVE 751 TGT 770/785 SL 730”

“SELL UPL BELOW 735 TGT 720/700 SL 750”

READ MORE TO KNOW TECHNICAL BASIS :

Primary trend of the stock is bullish and it may consolidating NEAR  the 740 higher level. It is expected to continue the bull run with the crossing of the resistance level of 751, as the stock is sustaining above its 200 and 50&22 days moving averages with 70 RSI. One may initiate the long position above the mentioned level for the targets of 770,800 and with the strict stop loss of 730.

Sensex ends marginally higher ahead of RBI policy meeting

Technically, Indian Stock Market is still in positive zone and traders should go long at every dip in the market. Some profit booking can’t be ruled out but every downfall would be temporary and an opportunity for traders to go long in the market. Nifty is now headed towards 8900-9000 levels. BankNifty is in positive momentum and would drive Nifty towards specified targets. Traders can hold long positions with stoploss of 8627 for Nifty spot levels and 19726 for BankNifty spot levels on closing basis. Market would enter into negative zone, if it closes below these levels. For now, Market has taken monthly reversal and 9000 levels would achieve in upcoming days for Nifty irrespective of any temporary downfall. The support for the Nifty is 8697-8675-8615-8600-8570-8550 and the resistance to the up move is at 8775-8800-8830-8885 levels.

INVEST IN ZEEL FUTURE FOR BETTER RETURN

“BUY ZEEL ABOVE 505 TGT 519/530 SL 490”

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Zee Entertainment announced the launch of two new channels, Zee Bollymovies and Zee Bollynova, which will broadcast on Africa's new pay-TV network Kwes TV. Zee posted strong performance in Q3 despite advertising revenues shrinking at just 3.4% yoy. Subscription growth managed to record a lower teen growth at 13.7% while the overall topline grew at 3.4% slightly above our expectations. Hiving off of the sports business will offer a good riddance from a business which was dragging down the profitability. This will lift up the margins from FY18E. In line with this, we have raised our sales as well as margins estimates slightly for FY17E & FY 18E and have introduced FY19E estimates arriving at a target price of Rs 583, an upside of 22%. Maintain BUY.. It is expected to continue the bull run with the crossing of the resistance level of 505, as the stock is sustaining above its 200 and 50&22 days moving averages with 765  RSI. One may initiate the long position above the mentioned level for the targets of 550,580 and with the strict stop loss of 490.

SENSEX ENDS HIGHER; NIFTY ABOVE 8730

The Nifty started the session on a negative note by opening at 8,730 levels. It recorded an intra-day high at 8,773 but failed to sustain the momentum. After witnessing selling pressure the contract declined and registered an intra-day low at 8,697 levels. It is likely to remain in a sideways band between 8,700 and 8,737. However a strong slump below the immediate support level of 8,700, can take the contract down to 8,680 and 8,650 levels.