Sensex, Nifty weak Markets to remain volatile ahead of F&O expiry

ABB ALMOST HIT FIRST TGT 1070 MADE LOW OF 1076.05!!!!!!!!!!!!!
Event Today: Rail Budget 2016 to be presented today and F&O Expiry  

Sensex ended with a loss of 321 points at 23,089. The  Sensex opened at 23,333, touched an intra-day high of 23,339 and low of 23,057.The Nifty closed with a loss of 91 points at 7,019. The  Nifty opened at 7,075 hitting a high of 7,091 and low of 7,010. Nifty, which opened with a gap down saw a smart pull back in the mid-afternoon trades. However, fresh selling pressure emerged and it could only intensify from here on. If Nifty violates an important support of 6960, another round of selling cannot be ruled out. In addition, we expect the volatility to amplify on account of F&O expiry. We advise investors to remain cautious before taking any long positions in the index. The losses in metal, pharma, industrial, capital goods, auto, power and banking counters weighed on the index. Railway stocks closed down on BSE ahead of the rail budget on Thursday.

TECHNICAL ANALYSIS OF ABB 24 FEB 2016

TIP FOR 24 FEB 2016

"BUY ABB  ABOVE 1100 TGT 1120/1150 "

"SELL ABB BELOW 1090 TGT 1070/1050 "

DAILY CHART FOR ABB:

MARKET SUMMARY OF 15 FEB 2016

Finally  Sensex ended with a loss of 379 points at 23,410. The  Sensex opened at 23,850, touched an intra-day high of 23,852 and low of 23,370.The  Nifty closed with a loss of 125 points at 7,110. The Nifty opened at 7,240 hitting a high of 7,242 and low of 7,099.  The two key important ranges--placed so close by, one between 7217 and 7226, and the other between 7174 and 718--would determine the probable course of price movement during the trading session. If were to see the upper range being taken out firmly, we can also expect even the canonized level of 7241 getting taken out as well while the lower range, if taken out decisively, would see more weakness coming in,

Sensex ends 80 points higher, Nifty holds 7,200

Just when it seemed that the Bulls had thrown in the towel, market staged a smart recovery to help Nifty reclaim 7200. As expected, Market took support at the 200WMA and bounced back. We are witnessing a Corrective rally which seems headed towards Resistance zone of 7323-7363. One should not confuse this rally as a reversal of trend as it is only a pull-back rally, which has its genesis in short covering and not fresh buying. Hence there are very bright chances that this rally will be sold into and Nifty may slip well below 7000 again. The Indian equity market has rallied for the fourth consecutive sessions. Finally  Sensex ended with a gain of 80 points at 23,789. The  Sensex opened at 23,783, touched an intra-day high of 23,855 and low of 23,675.The  Nifty closed with a gain of 25 points at 7,236. The  Nifty opened at 7,209 hitting a high of 7,252 and low of 7,201.

TOP GAINERS:

HUL, BOSCH, UltraTech Cement, ZEEL, Sun Pharmaceuticals, RIL, Dr.Reddy's, Asian Paints, Grasim  Industries and ONGC

TOP LOSERS:

Tech Mahindra, NTPC, GAIL, ITC, Maruti Suzuki, Adani Ports and Power Grid 

WEEKLY UPDATE OF WIPRO

LAST WEEKLY RECOMMENDATION:

WIPRO IS ON FIREEEEEEEEE …!!!!!!!!!!!!

HIT FIRST TGT 540  MADE HIGH OF 548.80 BUY AT 520

LOT SIZE: 1000

WEEKLY TOTAL PROFIT: 57600 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
WEEKLY CHART FOR WIPRO:

Nifty settles above 7,150 Sensex up 267 pts

WIPRO ALMOST HIT FINAL TGT 545 MADE HIGH OF 543 !!!!!!!!!!!!!!!!!!

On Thursday, the Sensex had gained 189.90 points to 23,381, while the Nifty50 was up 60.20 points to close at 7,108. The  Sensex opened at 23,536, touched an intra-day high of 23,735 and low of 22,481. It finally ended with a gain of 267 points at 23,649.The Nifty opened at 7,177 hitting a high of 7,215 and low of 7,128, before ending with a gain of 83 points at 7,192.

The India VIX (Volatility) index was down 2.61% to 21.5525. In broader market with the benchmark indices with the BSE midcap and smallcap indices closed up by 0.63% and 0.59%, respectively. On the global front, Asian stock markets surged significantly on rising crude oil prices and expectations of the US Federal Reserve’s measure to bring some stability in global economy. However, Chinese markets reeled under selling pressure. China's Shanghai Composite index closed marginally down 0.16% and Hang Seng up 2.3%.In Europe, the FTSE 100 marginally trading down marginally. On the other hand, DAX and the CAC 40 were up.
Top Gainers:
DR. REDDYS LAB (4.9%), L&T (3.8%), ONGC (3.2%), HERO MOTOCORP (3.1%), ICICI BANK (2.6%)
Top Losers:
ASIAN PAINTS (1.3%), MARUTI SUZUKI (1.2%), BHEL (0.9%), HDFC (0.7%), BHARTI AIRTEL (0.3%) 

Late rally lifts Sensex 190 points, Nifty50 tops 7,100

"BUY WIPRO ABOVE 531 TGT 536/545" 

Buying in the last hour of trade amid firm European markets helped domestic benchmark indices  Sensex and  Nifty to close the day in positive zone in a volatile trading session. The Sensex opened at 23,237, touched an intra-day high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at 23, 382.The Nifty opened at 7,059 hitting a high of 7,117 and low of 6,961, before ending with a gain of 60 points at 7,108.Asian markets ended mostly lower on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. Japanese stocks fell in choppy trade as the yen broke from its fragile weakening trend against the US dollar after a rebound in crude oil prices fizzled and revived demand for the safe-haven Japanese currency.

MARKET SUMMARY OF 16 FEB 2016

The Sensex opened at 23,689, touched an intra-day high of 23,692 and low of 23,165. It finally ended with a loss of 362 points at 23,191.The  Nifty opened at 7,201 hitting a high of 7,205 and low of 7,038, before ending with a loss of 115 points at 7,048. The sharp selloff pushed the Nifty50 below its crucial support level of 7,100, which closed marginally above 7,000. The index has an important support at 6,936-7,050 level and if it slips below that, further correction cannot be ruled out. All the sectoral indices ended with losses. The Capital Goods index was the top loser, followed by BSE realty, telecom, oil & gas and healthcare index. Consumer durables, banking, auto and FMCG index was among the other major losers. Even the Small-Cap and Mid-Cap stocks were not spared.
TOP GAINERS:
Adani Ports, NTPC, Hero MotoCorp, Power Grid, IndusInd Bank, Dr.Reddy's Lab and Cairn India

TOP LOSERS:

SBI, ZEEL, Bank of Baroda, PNB, Vedanta, Tata Motors and BHEL 

MARKET SUMMARY OF 15 FEB 2016

The  Sensex opened at 23,223, touched an intra-day high of 23,623 and low of 23,198. It finally ended with a gain of 568 points at 23,554.The  Nifty opened at 7,057 hitting a high of 7,183 and low of 7,057, before ending with a gain of 182 points at 7,163.95. There is a clear short term bottom in place in the index. It has risen from an important Gain angle, and the bottom has happened with a long-tailed hammer line in candlestick parlance. However, there are no clear indications as yet to suggest that it is going to be final bottom for this bear market. In any case, we are in for, at least, bit of a bounce this week. The most critical zone for the day would be between 7023 and 7057; its real test would come when it tries to clear the zone between 7135 – 7210—once this zone is decisively taken out, the market would see the next round of short covering rally.

TOP GAINERS:

Bank of Baroda, Vedanta, Tata Steel, Hindalco, L&T, SBI, Adani Ports and Coal India

TOP LOSERS:

Bharti Airtel, HUL, Idea Cellular and HDFC