WEEKLY TRADE IDEA ON JUSTDIAL FUTURE FOR 07-11 NOV 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 28 OCT

COLPAL  HIT ALL TGT 1015 MADE HIGH OF 1031.90

LOT SIZE: 700

DAILY TOTAL PROFIT: 56000 IN JUST TWO LOT

 “SELL JUSTDIAL ABOVE 370 TGT 350/340”
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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 370, where one may initiate the short position in it for the targets of 350, while stop loss can be placed at 380. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 380.Breakout of its resistance level may show recovery in it where traders can expect targets of 390 and 400 while major support of 350 can be placed as technical stop loss.One may initiate the long position above the mentioned level for the targets of 400 and with the strict stop loss of 350.

Nifty shuts below 8,650 mark

Sensex ended with a loss of 156 points at 27,274. The Sensex opened at 27,466 touched an intra-day high of 27,499 and low of 27,194.The Nifty closed with a loss of 51 points at 8,434. The Nifty opened at 8,503.60 hitting a high of 8,504 and low of 8,400. On the economic front, Traders were unable to find any comfort with reports that in a major breakthrough for rollout of the Goods and Services Tax regime from April 1 next year, the GST council yesterday, 3 November 2016 approved four main tax slabs 5%, 12%, 18% and 28% under a proposed Goods and Services Tax (GST). While there will be two standard tax rates – 12% and 18% - under the GST, half of the items in the consumer price index would not be taxed at all to safeguard the interests of the poor.

TOP GAINERS:  ITC, HUL, Adani Ports, Cipla, GAIL and ICICI Bank

TOP LOSERS:  Sun Pharmaceuticals, Dr Reddy's, Lupin, L&T and Maruti Suzuki

NIFTY SETTLES ABOVE 8,500 MARK NEARING 4 MONTH LOW

Sensex ended with a loss of 97 points at 27,430. The Sensex opened at 27,518 touched an intra-day high of 27,601 and low of 27,399.The Nifty closed with a loss of 29 points at 8,485. The Nifty opened at 8,499.85 hitting a high of 8,538 and low of 8,476. Today’s decline was led by the oil & gas, realty, healthcare, energy, consumer durables, capital goods, metal, auto and banking stocks, while telecom and FMCG stocks were among the gainers on the BSE.Technically A strong break (close)below 8500 will increase the downside pressure and drag it to 8400,8300. Traders can go short on a break below 8500 with a stop-loss at 8700 for the target of 8400.

TOP GAINERS:  ICICI Bank, Tata Steel, Cipla, Hero MotoCorp, Dr Reddy's and RIL

TOP LOSERS:  ONGC, Bharti Airtel, M&M, Wipro and Sun Pharmaceuticals

TRADE IDEA ON M&M FUTURE FOR 03 NOV 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 28 OCT

M&M  HIT ALL TGT 1375 MADE HIGH OF 1389.45

LOT SIZE: 500

DAILY TOTAL PROFIT: 50000 IN JUST TWO LOT

 “BUY M&M ABOVE 1375 TGT 1390/1415”

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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 1375, 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 1390/1415 and with the strict stop loss of 1350.

Nifty shuts below 8,650 mark

Indices ended over 1% lower on Wednesday, tracking a sell-off in global markets, amid growing uncertainty over the US elections and the Fed's stance on interest rates at its two-day meet which concludes later today. Sensex ended with a loss of 349 points at 27,572. While, the  Nifty closed with a loss of 108 points at 8,518. The decline was led by oil & gas, pharma, energy, realty, banking, capital goods, auto and industrial stocks. Even the midcap and smallcap stocks were not spared.

TOP GAINERS: M&M, Bharti Infratel, IndusInd Bank, HUL, NTPC and Axis Bank

TOP LOSERS: ONGC, Tata Motors DVR, Bank of Baroda, BHEL, Tata Motors, Yes Bank

TRADE IDEA ON TATACHEM FUTURE FOR 02 NOV 2016

LAST RECOMMENDATION UPDATE: GIVEN ON 27 OCT

ARVIND  HIT ALL TGT 420 MADE HIGH OF 424.90

LOT SIZE: 2000

DAILY TOTAL PROFIT: 40000 IN JUST TWO LOT

 “BUY TATACHEM ABOVE 554 TGT 560/568”

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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 555, 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 560/570 and with the strict stop loss of 539.

Nifty shuts below 8,650 mark

Markets closed the session on a lower note amid volatile trading session. Sensex ended with a loss of 54 points at 27,877. The Sensex opened at 27,966 touched an intra-day high of 28,030 and low of 27,846.The Nifty closed with a gain of a mere one point at 8,626. The Nifty opened at 8,653 hitting a high of 8,670 and low of 8,614. Nifty50 has found a strong support at 8,500 but the breaching of which will start a long spell of sideways movement with downward bias. However, market is also likely to face strong resistance at 8,800 and 8,900 on the upper side. The long term strength of the market is intact. Buy on dips and fresh longs can be entered at current levels with stop below 8,500 .

TOP GAINERS:  Eicher Motors, Hindalco, Tata Steel, NTPC, HDFC, Bharti Infratel 

TOP LOSERS:  Axis Bank, Sun Pharmaceuticals, Kotak Bank, Cipla, Zee,Tech Mahindra 

DIWALI PICKS 2016

CASH-BUY JUBILANT  ABOVE 700 TG 730,750 

It is expected to continue the bull run with the crossing of the resistance level of 700, as One may initiate the long position above the mentioned level for the targets of 730,750
FUTURE-BUY LT ABOVE 1490 TG 1510,1525

Stock is is showing correction since past few sessions. it may give good return on bullish pattern by bouncing back strategy as script is going to maintain its position consistently with keeping resistance level of 1490,1500 and support level of 1460,1450.

FUTURE -BUY M&M  ABOVE 1325 TG 1350/1375 
The stock is showing correction since past few sessions.Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 1325.Breakout of its resistance level may show recovery in it where traders can expect targets of 1350 and 1375 while major support of 1280.

CASH-BUY COLPAL ABOVE 975 TG 995/1015
After giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 975, one may expect the targets of 995,1015 in the stock if it manages to sustain above the immediate support level of 950.

FUTURE- BUY AXISBANK ABOVE 496 TGT 510/525

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 500.One may get the targets of 510,525.  

TRADE IDEA ON ARVIND FUTURE FOR 28 OCT 2016

“BUY ARVIND ABOVE 410 TGT 415/420”

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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 410, 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 415/420 and with the strict stop loss of 392. where one may initiate the short position only below 390 in it for the targets of 380, while stop loss can be placed at 410.

nifty ENDED MARGINALLY HIGHER

Sensex ended with a gain of 79 points at 27,916. The Sensex opened at 27,809, touched an intra-day high of 27,958 and low of 27,666.The Nifty closed almost unchanged at 8,615. The Nifty opened at 8,607 hitting a high of 8,625 and low of 8,550. The Nifty closed October F&O at 8,600. The Indian equity market closed flat on Thursday on F&O expiry day amid excessive volatility. Nifty in its daily candlestick chart has formed a hammer candlestick pattern with a lower shadow. Indicating buyers interest at lower level. The key range for the market is now 8,550-8,650, a breakout of the same we could expect strong momentum to come into the market.

TOP GAINERS:  HDFC, Dr Reddy's, ICICI Bank, ITC, Bharti Airtel, Cipla and HDFC Bank

TOP LOSERS:  Bharti Infratel, Asian Paints, Hero MotoCorp, Yes Bank and Zee

NIFTY ENDS BELOW 8,620; AXIS BANK SLUMPS 8%

The Indian stock market closed down for the second straight day, dragged lower by financial stocks such as Axis Bank after the lender reported a quarterly profit slump and on the back of muted second quarter earnings by some companies. Besides banks, Tata Group stocks extended their fall after the abrupt ouster of Chairman Cyrus Mistry on Monday. "It was a negative day on the bourses as key benchmark indices languished in negative territory through the day to finally close with losses of nearly 1%. Taking cues from tepid global markets, both the benchmark Sensex and the Nifty traded below their respective psychologically important levels of 28000 and 8600, during the day and hit their lowest level since 18th October, 2016, in intraday trade.

nifty near 8600 mark

Sensex ended with a loss of 255 points at 27,837. The Sensex opened at 28,051, touched an intra-day high of 28,050.55 and low of 27,760.The Nifty closed with a loss of 76 points at 8,615. The Nifty opened at 8,657 hitting a high of 8,657.30 and low of 8,597.Technically, Nifty strong break (close)below 8600.so it will increase the downside pressure and drag it to 8550,8500. Traders can go short on a break below 8600 with a stop-loss at 8750 for the target of 8500.

TOP GAINERS:  Idea Cellular, Kotak Mahindra Bank, Hero MotoCorp

TOP LOSERS:  Axis Bank, Tata Motors DVR, Tata Steel, Tata Motors, ICICI Bank

YESTERDAY'S CALL UPDATE:

" ARVIND FUTURE CALL ROCKS....!!!

    HIT ALL TGT 375 MADE HIGH OF 406.60

"PROFIT 28000 IN JUST 2 LOT"

TO READ FULL REPORT CLICK ON 

https://beststockfuturecalls.blogspot.in/2016/10/trade-idea-on-arvind-future-for-25-oct.html

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