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US markets hit roadblock around 20000 as "too fast too soon" sees profit booking set in.

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Major headlines:

·         NMDC to set up Nagarnar steel plant invest 1222 cr

·         Indian equities open marginally in red

·         Asia stocks find relief as China set to return seized U.S drone

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26370

26705

Nifty

8108

8212

 

Indian Indices:  Asian markets opened weak as overnight US markets again saw huge profit booking emerge closer to 20000 as most people doubled the speed of the rally. The US$ also saw profit booking in Asian trade as energy stocks saw profit booking after a steady rally.

Nifty saw another lacklustre session with index drifting towards 8100 on low volumes. The markets lack direction or news as nearness to year end is seeing foreign investors in slowdown mode awaiting corporate results due mid January. For today expect another flat opening as the markets get oversold with a downward  bias but less downward momentum. 

The BSE Sensex is currently trading at 26449.25, down by 40.31 points or 0.15% after trading in a range of 26369.28 and 26505.66. There were 11 stocks advancing against 19 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.04%, while Small cap index was down by 0.04%.

The CNX Nifty is currently trading at 8125.10, down by 14.35 points or 0.18% after trading in a range of 8105.35 and 8128.60. There were 21 stocks advancing against 30 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

Aloktext

3.08

10.00

GSFC

95.00

8.20

Petronet

388.50

3.31

JPPower

3.80

3.26

Group ATop Losers

 

 

Manappuram

63.55

-5.44

Eidparry

257.60

-3.41

Aiaeng

1285.50

-2.55

Raymond

474.25

-.2.42

Market Statistics

 

 

 

BSE

NSE

Advances

1036

1092

Declines

974

333

 

Technical view: Nifty finds support around 8100 with 8050 likely to be tested on the downside while 8250 acts as strong resistance. Bank Nifty also finds support around 18143 & then 17900 with 18600 acting as strong resistance.

 

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1036:974, while 117 scrips remained unchanged.

 

Trading ideas :    ICICIBANK Dec Fut (Sell below Rs 256 for Target of Rs 248, SL at Rs 260): The stock overall trend being down, it is facing selling pressure on every bonce. Two consecutive attempts to get past its 50-DMA and sustain above the same failed. In last weeks trade, stock made a classical bearish flag pattern breakdown, and it may see selling pressure to continue in coming trading sessions. We advise to SELL ICICI Bank Dec Fut below Rs 256, stop loss at Rs 260, and Target of Rs 248.

 

Macroeconomic Front:    A report by HSBC has said that as economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to services will be more and are expected to form 25 per cent of global trade in a sustained manner by 2030.

Corporate Snippets: The exchange informed that effective from December 19, 2016, the equity shares of Laurus Labs Ltd (Scrip Code: 540222) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.

 

Jai Corp Ltd is currently trading at Rs 70.7, up by Rs 5.3 or 8.1% from its previous closing of Rs 65.4 on the BSE. The Company's shares are up following the reports on opening of bids for construction of the Navi Mumbai International Airport. The bids are likely to open at the start of January 2017. 

 

The outlook for the US retail industry in the year ahead is stable, with operating income for the sector growing between 4.0% and 5.0%, and sales in the 3.0% to 4.0% range.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Oil & Gas up by 1.50%, PSU up by 0.62%, Power up by 0.16%, Bankex up by 0.04% and Metal up by 0.03%, while TECK down by 0.40%, Consumer Durables down by 0.37%, IT down by 0.36%, Realty down by 0.33% and Capital Goods down by 0.19% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Aurobindo Pharma up by 2.53%, GAIL India up by 2.46%, BPCL up by 1.27%, Tata Power up by 1.24% and Idea Cellular up by 1.05%. On the flip side, Adani Ports & Special Economic Zone down by 1.36%, Asian Paints down by 1.29%, Sun Pharma down by 1.15%, Bharti Infratel down by 1.10% and Dr. Reddy’s Lab down by 0.88% were the top losers.

 

 

 

On the global front:       On the global front, Asian shares were trading mostly on cautious note. There is easing worries about rising diplomatic tensions between the world’s two biggest economic powers after China agreed to return a US drone it had seized. A Chinese warship seized a US underwater drone in the South China Sea, which triggered a formal diplomatic protest and a demand for its return.

 

Global Signals:    The Asian markets were trading mostly in red; Hang Seng decreased 168.42 points or 0.76% to 21,852.33, Taiwan Weighted decreased 79.76 points or 0.86% to 9,247.02, Nikkei 225 decreased 11 points or 0.06% to 19,390.15, Jakarta Composite decreased 2.63 points or 0.05% to 5,229.02 and FTSE Bursa Malaysia KLCI decreased 2.54 points or 0.16% to 1,635.25.

 

WEEKLY NIFTY TRADING VIEW FOR THE WEEK DEC19, 2016–DEC25, 2016

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Events to watch this week

  • Federal funds target rate raised 25 basis points
  • Trump picks Tillerson for secretary of state
  • Global currencies continue fall versus US dollar
  • US small-business owners' optimism rises

The Week ahead:

  • Eurozone wage figures are released on Monday, 19 December
  • Japanese trade data and unemployment figures are released on Monday, 19 December
  • The Bank of Japan meets to decide monetary policy on Tuesday, 20 December
  • Eurozone consumer confidence figures are released on Wednesday, 21 December
  • The United States announces estimates for Q3 GDP on Thursday, 22 December

For the week,Global equities resumed their upward march after digesting the Federal Open Market Committee's decision this week to raise the key federal funds target rate by 25 basis points to a range of 0.50% to 0.75%. While the move was expected, markets needed a breather to factor in the FOMC's statement that it would target three rate hikes in 2017, which was more than expected. The S&P 500 Index increased 0.25% over the five days through Thursday and is up 10.83% on a year-to-date basis. The STOXX Europe 600 index is up about 6% over the past month, while the Nikkei 225 is up 8% over the same period and 17.45% over the past three months. The 10-year US Treasury bond yield continued to climb upwards after the FOMC announcement, reaching as high as 2.58% this week, its highest level since September 2014.

NIFTY- 8,139.45
CRUDE OIL-Rs 3,519barrel
GOLD-Rs 27,150/10 gram
Rs/$-Rs 67.77

MARKET ROUND UP

Market declined last week, tracking weakness in other global stocks after the US Federal Reserve (US Fed) hiked interest rate on Wednesday, 14 December 2016. US Fed also hinted at a more aggressive pattern of rate increases next year. Higher interest rates in the US could result in dollar outflows from emerging markets towards the US. Selling the Indian stock market was, however, contained by back-to-back positive data in the domestic economy.

In the week ended on Friday, 16 December 2016, the Sensex fell 257.62 points or 0.96% to settle at 26,489.56. The Nifty fell 122.30 points or 1.48% to settle at 8,139.45. The BSE Mid-Cap index fell 2.38%. The BSE Small-Cap index fell 1.68%. Both these indices underperformed the Sensex. Trading for the week started on a negative note. Banking, telecom and index heavyweights ITC and Infosys led modest-to-strong losses for key benchmark indices on Monday, 12 December 2016. The barometer index, the S&P BSE Sensex, fell 231.94 points or 0.87% to settle at 26,515.24.

Macro Economic Front:

On the Economic Front,On the macro front, India's industrial production declined 1.9% in October 2016 over October 2015. Twelve out of 22 industry groups in the manufacturing sector showed negative growth in October 2016. The data was released by the government after market hours on Friday, 9 December 2016.

Data released by the government during market hours on Wednesday, 14 December 2016, showed that the annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.15% for the month of November 2016 as compared to 3.39% for the previous month and minus 2.04% during the corresponding month of the previous year.

Major Action &Announcement:

State-run Coal India dropped 6.18%. The company's consolidated net profit fell 77.37% to Rs 600.44 crore on 6.77% decline in total income to Rs 17625.09 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Tuesday, 13 December 2016.

State Bank of India (SBI) fell 0.47% to Rs 264.75. SBI announced that the executive committee of the central board (ECCB) of the bank at a meeting held on 9 December 2016, approved divestment of 3.9 crore equity shares constituting 3.9% stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. The announcement was made after market hours on Friday, 9 December 2016.

Auto major Tata Motors rose 1.82% to Rs 472.50. Tata Motors Group global wholesales including Jaguar Land Rover (JLR) rose 1% to 91,832 units in November 2016 over November 2015. Global wholesales of all passenger vehicles rose 5% to 64,862 units in November 2016 over November 2015. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range fell 7% to 26,970 units in November 2016 over November 2015. The announcement was made after market hours on Friday, 9 December 2016.

Sun Pharmaceutical Industries (Sun Pharma) fell 3.85% to Rs 647.10. Sun Pharma and Israel-based Moebius Medical, a biotechnology company that is developing novel pain relief treatments for osteoarthritis, have entered into an exclusive worldwide licensing deal to further develop MM-II, a novel pharmaceutical candidate for the treatment of pain in osteoarthritis. The announcement was made after market hours Monday, 12 December 2016.

State-run NTPC fell 2.53% to Rs 159.95. NTPC announced that it has decided to raise Rs 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% per annum with a door to door maturity of 15 years today, 14 December 2016. The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects and other general corporate requirements. The announcement was made after market hours Tuesday, 13 December 2016.

Hindustan Unilever (HUL) fell 3.26% to Rs 817.30. HUL announced that Pond's Exports (PEL), a subsidiary of HUL, engaged in the business of manufacturing of leather products, has entered into an agreement with Hindustan Foods for sale of certain movable assets and inventory with respect to the leather business of PEL. Hindustan Foods has thus made an entry in the leather shoes exports space with a global clientele. The announcement was made during market hours on Friday, 16 December 2016.

Global Front:

In Overseas Markets,On the global front, the two-day Federal Open Market Committee (FOMC) meeting concluded on Wednesday, 14 December 2016, with the US central bank hiking the interest rates by 25 basis points, an outcome that was largely factored in by the markets globally. This is the first interest rate hike for the US market since December last year. However, the investors were caught unaware with its forward-looking stance, which indicated that the central bank may cut rates at a much faster pace than expected in 2017. The US Fed signalled that there could be three interest rate hikes next year, up from the two flagged in the September policy meeting, media reports suggested, which impacted the markets last week.

Global Economic News:

Markets take rate increase in stride
This week's FOMC decision to raise the federal funds rate by 25 basis points comes a full year after its last hike. While the yield on the 10-year US Treasury bond was about the same last year, the market environment was quite different then. This week's hike came amid rising euphoria in equity markets, as investors continued to reallocate from defensive and "bond-like" equity positions into riskier segments of the market. Equity market volatility is much lower this year, and there is greater dispersion among stock prices. Credit and liquidity conditions are also stronger now versus a year ago. High-yield sector spreads, for example, are compressed near their 24-month lows, signaling favorable conditions for corporate borrowers. Energy sector spreads, which peaked around 1,600 basis points this year, have recently fallen below 500 basis points, according to Strategas Research Partners.

Trump to nominate Exxon Mobil CEO Rex Tillerson as secretary of state
President-elect Donald Trump this week announced his intention to nominate Exxon Mobil chief executive Rex W. Tillerson as secretary of state. The choice of Tillerson's was criticized by senators on both sides of the aisle, who object his business dealings with Russia and its president, Vladimir Putin. Tillerson has spent his entire career at Exxon. Trump also announced that former Texas governor Rick Perry is his choice for energy secretary.

Global currencies fall versus US dollar
The US dollar continued to strengthen this week versus most major currencies. The Japanese yen has declined 11% since the US presidential election, while the Mexican peso has fallen 10%. China's yuan has also slid, while its capital outflows have ticked up. Japan surpassed China as the largest holder of US government bonds this week. China's government has been selling foreign currency reserves in an effort to protect the yuan.

Small-business owners optimistic but still not spending on capex
The US NFIB small-business optimism index rose by 3.5 points in November to 98.4, beating consensus estimates and rising above its 42-year average. Small-business owners reported, however, that they are less optimistic about capital expenditures. Just 24% of those surveyed plan to spend on capex in the next 3 to 6 months.

NEW 52-WEEK HIGH BSE (A):

 

HINDZINC

289.85

IGL

921.00

NEW 52-WEEK LOWS BSE (A):

BLUEDART

4417.05

JPPOWER

3.60

JUBLFOOD

822.65

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

PRESTIGE ESTATES

9.88

 MPHASIS LTD

9.16

DEN NETWORKS

6.77

 

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

ONGC

-34.28

EDELWEISS FIN

-12.51

MUTHOOT FIN

-10.96


Eyes will be set on the certain US economic data releases are:

Monday (19 Dec)
PMI Services Flash
Tuesday(20 Dec)
Week Bill Auction

Wednesday(21 Dec)
Existing Home Sales
Thursday(22 Dec)
Jobless Claims
Friday(23 Dec)
New Home Sales & Consumer Sentiment

Fundamental Pick of the week:

Buy UPL Ltd For Target Rs. 700.00

Strategy:-

Strategy:- UPL added around 6% of open interest as fresh long positions along with some delivery based buying in previous sessions. Daily vwap is around 655 levels. On charts, it has created a fresh buying pivot on daily as well as on intraday charts above 100 EMA. We recommend doing a covered call strategy as per levels given below.

Recommendation

BUY UPL DEC FUTS BETWEEN 657-660, SL 640, TARGET 700.

Indian Market Outlook:

Nifty Futures rose sharply by 140 points in first 35 mins of trading friday. Nifty opened gap down at 8129 and made a low of 8123 followed by a sharp buying to make a high of 8264. However, Nifty traded in a range of 78 points for rest of the day to finally close at 8177. The open interest data showed a heavy buying on the 8th Dec from a low of 8164 in Nifty Futures.  Nifty futures took support of the same level, 8166, in the second half of trading. Nifty futures is expected to find its major support at 8160 levels, with an immediate resistance at 8260. However, if 8160 is breached on the down side might result in Nifty retesting its November low of 7921. The Open Interest data yesterday along with the Cash market activity display a weakness before this week.

TECHNICAL VIEW:

 

S3

S2

S1

NIFTY

R1

R2

R3

8,050

8,085

8,118

8,139.45

8,170

8,220

8,295

 

Now coming week holding 8250 nifty can  move towards 8330/8370/8444. Bearish below 8250 for a move towards 8180/8100.

Nifty opened below 8250 and did the target of 8180 and low made 8121 near 8100. Bulls are backend till we do not close above 8154, Above 8154 target 8230/8272. Below 8130 move towards 8097/8051/8000.

Conclusion:

 

Zone of 8154-8250 is like no trade zone for trend followers and paradise for scalper :). As Time Cycle is changing so expect this range to break in next 2 trading sessions. Above 8250 target 8330/8370/8444.Below 8150 target 8100/8050/7972. High made friday 8178 and close at 8139 so small range breakdown has happened , Monday we should see follow down move towards 8100/8050 till we are closing below 8150, Trading activity will reduce in next 2 weeks best strategy is to sit out analyze the trades of 2016 and see what all improvement can be done so that 2017 will be more better than 2016. Invest time in education and spend time with your families, Every day is not meant for trading.  Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444.    Bank Nifty continue to frustrate trend traders.

Nifty still struggles below 8150; Axis Bank falls,

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Major headlines

·         Government signs pact with Asian Development Bank

·         We want discussion on Agusta Westland deal

·         Aurobindo shares hit 9- month low on US price fixing lawsuit

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

26,489.56

-0.11

Nifty

8,139.45

-0.17

Indian Indices: In late afternoon session, Indian equity benchmarks continued to trade in red on the back of selling in metal and oil and gas counters. Sentiments also remained downbeat as activities on FIIs desk started slowing down ahead of Christmas holiday and vacation. However, losses remained capped with chief economic Advisor (CEA) Arvind Subramanian’s statement that though the interest rate hike by the US Federal Reserve will bring volatility and uncertainty in capital flows into emerging market economies, but India is very well cushioned to absorb the impact. On the global front, European markets were trading in green as investors continued to digest the Federal Reserve’s most recent policy decision. However, Asian markets were showing tepid trend at this point of time. Back home, in scrip specific developments, Swan Energy jumped over five per cent after the Government of Gujarat decided to participate by investing 26% in equity of company's LNG port project in Gujarat and A2Z Infra Engineering edged higher after Delhi Metro Rail Corporation awarded three facility management services contacts to its material subsidiary.

The BSE Sensex is currently trading at 26484.00, down by 35.07 points or 0.13% after trading in a range of 26455.21 and 26594.55. The broader indices were trading in red; the BSE Mid cap index down by 0.25%, while Small cap index was down by 0.06%.  The CNX Nifty is currently trading at 8137.75, down by 15.85 points or 0.19% after trading in a range of 8127.45 and 8178.70. There were 19 stocks advancing against 32 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Oberoirlty

325.10

4.45

Bajajfinsv

2835.65

4.40

Biocon

975.00

4.38

Crisil

2265.35

4.22

 Losers

 

 

Edelweiss

83.25

-5.29

JPPower

3.73

-4.60

Indianb

232.00

-4.05

Balkrisind

1101.00

-3.96

Market Statistics

 

 

 

BSE

NSE

Advances

1190

648

Declines

1397

811

 

Market Sentiment:  

The market breadth on BSE was positive in the ratio of 1190: 1397, while 159 scrips remained unchanged.

Crporate Front:

The government on Thursday declared that the cash shortage induced by demonetization of high value currency notes would end by mid-January by which time about Rs 3.5 crore of black money would be sucked out of the economy, leaving about Rs 12 crore in cash to finance normal transactions, assures Amitabh Kant.

Macroeconomic front:

Moody's Investors Service, a global rating agency, has said that the overall asset profile of Indian banks' property retail loan portfolio is stable, although risks are rising in the non-traditional loan against property (LAP) segment. "Growth in LAP loans has outpaced overall retail credit growth in recent years, but relatively loose underwriting practices and a tightening in credit following India's demonetization would translate into higher asset quality risk .

 

On the global front:

On the global front, The Chinese diplomat said that mutual cooperation between the two countries has resulted in a win-win situation for both and would help increase profitability in the coming years. Co-chairman of CII Task Force on Ease of Doing Business and CMD Chemtrols Industries K. Nandakumar said that India is at the same position where China was 10 years ago and hence there is a huge potential here considering its present demographics.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

27121.00

0.38

Silver

39675.00

0.97

Crude oil

3445.00

-1.2

Natural Gas

230.20

-1.71

Alluminium

117.85

-0.55

Copper

387.40

-1.09

Top Sectoral & Stock Screening:    The top gainers on the Sensex were TCS up by 2.63%, Axis Bank up by 1.96%, Power Grid Corpn. up by 1.68%, Adani Ports &Special up by 1.30% and Wipro up by 1.18%. On the flip side, Sun Pharma  down by 2.44%, Tata Motors down by 1.46%, NTPC down by 1.22%, ITC down by 1.01% and Lupin down by 0.84% were the top losers.

Top Nifty Movers:     The top gainers on Nifty were TCS up by 2.58%, Axis Bank up by 2.20%, HCL Tech. up by 1.69%, Power Grid Corpn. up by 1.57% and Adani Ports &Special up by 1.20%. On the flip side, Sun Pharma Inds. down by 2.37%, Grasim Industries down by 1.69%, Tata Motors down by 1.44%, NTPC down by 1.22% and Tata Motors - DVR down by 1.10% were the top losers.

 

Global Signals:

Asian markets were trading mixed; Shanghai Composite increased 5.3 points or 0.17% to 3,122.98, KOSPI Index increased 5.59 points or 0.27% to 2,042.24 and Nikkei 225 increased 127.36 points or 0.66% to 19,401.15. On the flip side, Hang Seng decreased 38.65 points or 0.18% to 22,020.75, Taiwan Weighted decreased 33.57 points or 0.36% to 9,326.78, Jakarta Composite decreased 11.4 points or 0.22% to 5,242.97 and FTSE Bursa Malaysia KLCI decreased 2.59 points or 0.16% to 1,634.40.

European Markets were trading mostly in green; UK’s FTSE 100 increased 1.29 points or 0.02% to 7,000.30, France’s CAC increased 6.71 points or 0.14% to 4,825.94 and Germany’s DAX increased 15.86 points or 0.14% to 11,382.26.

 

 

US $ hits fresh highs as it enters heavily overbought zone with consensus bullishness capping upside!!

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Major headlines:

·         Ratan Tata to step down as chairman of Tata Trusts

·         Oil prices rise as planned oil production cuts start to materialise

·         Asia stocks tepid, dollar near 14-year peak on Fed rally

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26370

26705

Nifty

8108

8212

 

Indian Indices:  Asian indices opened flat to positive as most currencies adjusted to the renewed bout of strength in the US$. The US$ now looks very heavily overbought as consensus bullishness makes the gains a one way street which could cap the upside in the near term. Oil rallied marginally as US equities flirted with 19500 before profit booking trimmed the gains. Gold continues to test bear market territory & could well be the casualty asset class for 2017. 

Nifty saw a sharp intraday spike as smart money bought the fall closer to 8100. For today expect another day of volatile trade with Rupee weakness hurting sentiment. IT stocks could continue to see buying as under ownership could drive prices higher. Foreign selling as a collateral to US$ strength may continue albeit marginally while value buying of Indian stocks being best bet in the emerging market basket may well be the theme for the next 45 days till the Union budget.   

The BSE Sensex is currently trading at 26485.14, down by 33.93 points or 0.13% after trading in a range of 26480.00 and 26594.55. There were 110 stocks advancing against 19 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.29%, while Small cap index was tad lower by 0.01%.

 

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

Redington

96.85

4.53

Tatacomm

655.00

3.83

Biocon

960.00

2.78

Eidparry

261.95

2.07

Group ATop Losers

 

 

Edelweiss

84.80

-3.53

Auropharm

673.20

-3.12

Hindalco

171.05

-2.90

Intellect

157.25

-2.96

Market Statistics

 

 

 

BSE

NSE

Advances

1021

1092

Declines

1016

333

 

Technical view: Nifty finds support around 8100-8120 with 8250 being a strong resistance. Bank Nifty also finds strong support around 18250 while 18650 will act as resistance.

 

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1021:1016, while 119 scrips remained unchanged.

 

Trading ideas :    RBLBANK (Buy above Rs 357 for target of Rs 369, SL at Rs 351): Stock has witnessed breakout from a downward sloping trend line connecting highs attempted from first week of Nov 2016. RBL Bank also formed a bullish engulfing pattern on the daily charts with sharp surge in volumes. Stock has also seen RSI crossover from its oversold zone. We advise to Buy RBLBANK above Rs 357, stop loss at Rs 351, and Target of Rs 369.

 

Macroeconomic Front:    As the government is promoting cashless transactions, the Payment of Wages (Amendment) Bill will amend the 1936 act, which states that payment of wages in cheque or through bank transfer can only be made after taking the employee's permission in writing, said Labour Minister Bandaru Dattatreya.

Corporate Snippets: Bajaj Auto lauched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.

 

Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Aharan Tejarat Company, The JV proposes to undertake manufacturing and markting of pharmaceutical products in Iran.

 

Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firms foray into flooring solutions segment.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 0.44%, IT up by 0.39%, TECK up by 0.32% and Auto up by 0.25%, while Metal down by 1.09%, Oil & Gas down by 0.78%, PSU down by 0.63%, FMCG down by 0.52% and Power down by 0.45% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Tata Motors up by 1.53%, Zee Entertainment up by 1.50%, HDFC up by 1.25%, Bank of Baroda up by 1.16% and Infosys up by 1.07%.
On the flip side, Aurobindo Pharma down by 3.74%, Hindalco down by 2.61%, ONGC down by 2.28%, Sun Pharma down by 1.85% and BHEL down by 1.72% were the top losers.

 

 

On the global front:       On the global front, Asian shares were trading mostly in red, after the US Federal Reserve overnight indicated it would raise interest rates faster than expected in 2017. The rate hike in US would lead outflow of money from emerging market equities into US bonds which are considered as safer investment options. This is only for the second time in a decade that the Federal Reserve has raised its rate.

 

Global Signals:    The Asian markets were trading mostly in red; Taiwan Weighted decreased 20.85 points or 0.22% to 9,339.50, Jakarta Composite decreased 12.57 points or 0.24% to 5,241.79, Hang Seng decreased 9.69 points or 0.04% to 22,049.71, FTSE Bursa Malaysia KLCI decreased 3.52 points or 0.22% to 1,633.47 and Shanghai Composite decreased 2.17 points or 0.07% to 3,115.51.On the other hand, KOSPI Index increased 3.26 points or 0.16% to 2,039.91 and Nikkei 225 increased 142.11 points or 0.74% to 19,415.90.

 

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Sensex falls, Nifty ends at 8153 after Fed move;

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Major headlines

·         Indian equites trade flat on profit booking, global cues

·         We want discussion on Agusta Westland deal

·         SC bans sale of liquor near all highways

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

26,519.07

-0.31

Nifty

8,153.60

-0.35

Indian Indices: Altering between positive and negative territory, Indian equity benchmarks are now trading with small gains in late noon session led by upmove in frontline blue chip stocks such as TCS, Wipro and Axis Bank among others. Some support came with private report stating that the Reserve Bank is expected to meet its inflation target 'comfortably' as CPI inflation is likely to remain well below 5 per cent over the first half of 2017. On the global front, European Markets were trading mixed and Asian markets were trading mostly in red after the U.S. Federal Reserve announced a 25 basis point rate increase and opened the door to three hikes next year. Back home, stocks related to the IT sector were trading firm on the back of weakness in rupee. The rupee weakened to 67.77 against the U.S. dollar, down 33 paise from its previous close. Shares of ports, shipping and logistics companies were trading higher on the bourses after the Cabinet approved a Major Port Trust Authorities Bill to replace the Major Port Trusts Act of 1963.

The BSE Sensex is currently trading at 26655.16, up by 52.32 points or 0.20% after trading in a range of 26407.58 and 26737.86. There were 18 stocks advancing against 12 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index gained 0.32%, while Small cap index was up by 0.45%.

The CNX Nifty is currently trading at 8193.75, up by 11.30 points or 0.14% after trading in a range of 8121.95 and 8225.90. There were 27 stocks advancing against 24 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Hathway

36.20

5.39

IFCI

27.20

4.62

IGL

906.75

4.25

Mphasis

555.00

4.10

 Losers

 

 

Nationalum

61.05

-7.78

Sunpharma

649.45

-4.36

Unitech

4.56

-3.59

Intellect

160.30

-3.49

Market Statistics

 

 

 

BSE

NSE

Advances

1190

648

Declines

1397

811

 

Market Sentiment:  

The market breadth on BSE was positive in the ratio of 1190: 1397, while 159 scrips remained unchanged.

Crporate Front:

The Lok Sabha lost the second last day of the winter session on Thursday to disruptions, with the opposition benches demanding a debate on demonetisation while the treasury benches demanded a discussion on the AgustaWestland helicopter deal.

Macroeconomic front:

Union Minister M. Venkaiah Naidu on Thursday said that the government wants to discuss the Agusta Westland VVIP chopper deal in Parliament over the allegations of the kickbacks paid to political leaders and officers.

 

On the global front:

On the global front, The Chinese diplomat said that mutual cooperation between the two countries has resulted in a win-win situation for both and would help increase profitability in the coming years. Co-chairman of CII Task Force on Ease of Doing Business and CMD Chemtrols Industries K. Nandakumar said that India is at the same position where China was 10 years ago and hence there is a huge potential here considering its present demographics.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

27155.00

-1.57

Silver

40574.00

-2.77

Crude oil

3480.00

-0.49

Natural Gas

239.50

0.29

Alluminium

117.90

0.0

Copper

389.00

0.03

Top Sectoral & Stock Screening:    The top gainers on the Sensex were TCS up by 2.63%, Axis Bank up by 1.96%, Power Grid Corpn. up by 1.68%, Adani Ports &Special up by 1.30% and Wipro up by 1.18%. On the flip side, Sun Pharma  down by 2.44%, Tata Motors down by 1.46%, NTPC down by 1.22%, ITC down by 1.01% and Lupin down by 0.84% were the top losers.

Top Nifty Movers:     The top gainers on Nifty were TCS up by 2.58%, Axis Bank up by 2.20%, HCL Tech. up by 1.69%, Power Grid Corpn. up by 1.57% and Adani Ports &Special up by 1.20%. On the flip side, Sun Pharma Inds. down by 2.37%, Grasim Industries down by 1.69%, Tata Motors down by 1.44%, NTPC down by 1.22% and Tata Motors - DVR down by 1.10% were the top losers.

 

Global Signals:

The Asian markets were trading mostly in red; Hang Seng decreased 397.22 points or 1.77% to 22,059.40 , Shanghai Composite decreased 22.85 points or 0.73% to 3,117.68 , Taiwan Weighted decreased 8.17 points or 0.09% to 9,360.35 , Jakarta Composite decreased 5.67 points or 0.11% to 5,257.15, FTSE Bursa Malaysia KLCI decreased 5.35 points or 0.33% to 1,637.94 and KOSPI Index decreased 0.22 points or 0.01% to 2,036.6. On the flip side, Nikkei 225 increased 20.18 points or 0.1% to 19,273.79. 

European Markets were trading mixed; France’s CAC increased 18.14 points or 0.38% to 4,787.38 and Germany’s DAX increased 40.8 points or 0.36% to 11,285. On the flip side, UK’s FTSE 100 decreased 9.07 points or 0.13% to 6,940.12.

 

 


US indices correct after 8 days of gains as Federal rate hike acts as temporary pause in rally!!

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Major headlines:

·         Oil prices stablilise after Fed hike as tighter market looms

·         China’s yuan opens at weakest vs dollar since june 2008

·         Gold falls to over 10- month low as Fed signals more rate hikes

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26180

26550

Nifty

8075

8195

 

Indian Indices:  Asian markets opened weak with the exception of the Japanese 'Nikkei" index which traded higher on the back of a weaker yen. Initial reaction to the Federal Reserve rate hike saw bond yields rise & the US $ get stronger which as a follow through will see most Asian indices trade in the red. Gold prices hit new 1 year lows & oil prices also traded near US$50 which should see return of smart money to equity with Asian stocks becoming value picks after the sharp under performance.

Nifty continues to trade sideways with a negative bias as muted foreign flows combined with weak rhetoric on the impact of demonetization keeps the index in check. The rise in yields could see some more foreign money exit even as India remains in total opposition to the global markets with surplus cash in the system seeing our yields hit 6 year lows. For today expect smart money to buy the fall as we head closer to 8100 as nearness to budget in next 45 days should see value buying emerge.  

The BSE Sensex is currently trading at 26675.05, up by 72.21 points or 0.27% after trading in a range of 26407.58 and 26737.86. There were 15 stocks advancing against 15 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.38%, while Small cap index was up by 0.73%.

 

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

Hathway

36.05

4.95

IFCI

27.00

3.85

Hindzinc

283.95

2.92

Justdial

390.00

2.92

Group ATop Losers

 

 

Nationalum

62.80

-5.14

Hindpetro

420.70

-3.22

Unitech

4.62

-2.33

Muthootfin

274.15

-1.93

Market Statistics

 

 

 

BSE

NSE

Advances

1349

1092

Declines

715

333

 

Technical view: Nifty finds support @ 8100 & faces resistance around 8200, any breach either way will see move up or down. Bank Nifty also finds support around 18250 & faces resistance around 18600.

 

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1349:715, while 104 scrips remained unchanged.

 

Trading ideas :        MOTHERSUMI Dec Fut (Sell below Rs 319  for Target of Rs 305 , SL at Rs 326): The stock has taken resistance on the upper band of the weekly channel and moving down. Multiple attempts to close above Rs 331 went futile, and stock also made a bearish engulfing pattern in yesterday's trade. Sustaining below Rs 319, stock would see a pennant breakdown. We advise to SELL Mothersumi Dec Fut at Rs 319, stop loss at Rs 326, and Target of Rs 305.

 

Macroeconomic Front:    Amid concerns of missing the GST rollout deadline of April 1, the government Wednesday came out with a report card detailing the efforts being made to reach a consensus on support legislations for timely implementation of the new indirect tax regime, reported PTI. "All efforts are being made to meet the necessary deadlines to ensure that GST is rolled out by April 1, 2017.

Corporate Snippets: Bharti Airtel and Vodafone India are pushing ahead the government’s broad agenda to move towards cashless economy, at a time when demonetization has crippled cash payments due to inadequate cash in the system.

 

Bajaj Electricals has entered in to a strategic alliance with the UK based firm Gooee to create lighting products and solutions on the Internet of Things platform.

 

Lupin has received approval from the US health regulator to market its Desoximetasone ointment, used for providing relief from inflatmmation and itching in a skin disease.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were IT up by 1.71%, TECK up by 1.30%, Realty up by 1.09%, Bankex up by 0.64% and Metal up by 0.50%, while Oil & Gas down by 0.59% and FMCG down by 0.38% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were TCS up by 2.58%, HCL Tech up by 2.17%, Infosys up by 1.58%, Mahindra & Mahindra up by 1.54% and IndusInd Bank up by 1.54%. On the flip side, Sun Pharma down by 1.58%, Tata Motors down by 1.17%, Bharti Airtel down by 1.04%, BPCL down by 1.03% and NTPC down by 0.98% were the top losers

 

 

 

On the global front:       On the global front, Asian shares were trading mostly in red, after the US Federal Reserve overnight indicated it would raise interest rates faster than expected in 2017. The rate hike in US would lead outflow of money from emerging market equities into US bonds which are considered as safer investment options. This is only for the second time in a decade that the Federal Reserve has raised its rate.

 

Global Signals:    The Asian markets were trading mostly in red; Hang Seng decreased 395.72 points or 1.76% to 22,060.11, Shanghai Composite decreased 14.79 points or 0.47% to 3,125.74, Taiwan Weighted decreased 8.17 points or 0.09% to 9,360.35, FTSE Bursa Malaysia KLCI decreased 7.03 points or 0.43% to 1,636.26 and Jakarta Composite decreased 6.37 points or 0.12% to 5,256.45.On the other hand, KOSPI Index increased 0.79 points or 0.04% to 2,037.66 and Nikkei 225 increased 92.84 points or 0.48% to 19,346.45.

 

Dow Jones celebrates an early Christmas as it nears 20000, even as Federal Reserve set to hike rates today.

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Major headlines:

·         Key Indian equity indices trade flat during early session

·         Gold prices firm as dollar dips ahead of Fed rate decision

·         Asia resigned to Fed hike, uptight on rate outlook

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26180

26550

Nifty

8075

8195

 

Indian Indices:  Asian markets opened flat as the overnight cues continued to be bullish with the Dow Jones nearing 20000.The strength in bonds, US$ & strong ETF flows are seeing huge inflows into the US which is heralding a period of growth with capex expansion & strong infrastructure spending. Emerging markets are also facing the brunt of redemptions as short term money chases faster returns in the US.

Nifty also saw a smart comeback recouping 8200 with ease. The pessimism over the Federal Reserve rate hike will last till tomorrow & with the event over we could see another bout of value buying coupled with short covering to drive the Nifty above 8300.For today expect IT stocks to bounce back after positive guidance by Mindtree saw huge short covering in the previous session. 

The BSE Sensex is currently trading at 26649.55, down by 48.27 points or 0.18% after trading in a range of 26624.66 and 26736.34. There were 11 stocks advancing against 19 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.02%, while Small cap index was up by 0.19%. The CNX Nifty is currently trading at 8196.45, down by 25.35 points or 0.31% after trading in a range of 8192.00 and 8229.40. There were 14 stocks advancing against 37 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

HCC

41.70

6.79

Welcorp

79.75

6.26

Prestige

166.25

5.15

Mphasis

536.40

3.44

Group ATop Losers

 

 

KSCL

407.00

-5.16

Amtekauto

36.35

-3.45

GMDLTD

97.75

-3.27

Coalindia

297.35

-2.75

Market Statistics

 

 

 

BSE

NSE

Advances

930

1092

Declines

1091

333

 

Technical view:     Nifty found strong support @ 8150, while 8260-8280 will act as strong resistance. Bank Nifty also bounced back from 18300 levels which will act as support while 18700 will act as resistance.

 

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1074:949, while 116 scrips remained unchanged.

 

Trading ideas :       MINDTREE (Buy above Rs 494 for target of Rs 508, SL at Rs 487): Stock has witnessed a classic cup and handle pattern breakout in yesterday's trade. Mindtree also managed to close above 485 levels which has been acting as stiff resistance. In addition, the current up move has also been accompanied with credible volumes. We advise to Buy MINDTREE above Rs 494, stop loss at Rs 487, and Target of Rs 508.

 

Macroeconomic Front:   Rating Agency ICRA has said that with consumption being affected by the demonetisation of higher currency old notes, tax revenues of the state governments for the current financial year is likely to be weaker than budgeted. The Centre on November 8 had announced to withdraw legal tender character of the old Rs 500 and Rs 1,000 notes.

Corporate Snippets: An exhaustive inseption of drug maker Sun Pharma’s manufacturing facililty at Halol by the US FDA pointed to inadequately designed testing programs to assess the stability characteristics of drugs besides faulting accuracy of test methods used at the site.

 

Jubilant FoodWorks which operates Domino’s Pizza in India, said it will offer cashless payment option to all its customers on home deliveries.

 

Wockhardt said the UK health regulator has confirmed that its Daman based manufacturing facility complies with good manufacturing practices.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Realty up by 1.50%, Consumer Durables up by 0.39%, Oil & Gas up by 0.35%, Power up by 0.15% and IT up by 0.13%, while Metal down by 0.71%, PSU down by 0.47%, Auto down by 0.43%, Capital Goods down by 0.39% and Bankex down by 0.30% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Reliance Industries up by 1.82%, Axis Bank up by 1.27%, Tata Power up by 1.16%, Asian Paints up by 0.96% and NTPC up by 0.91%.  On the flip side, Coal India down by 3.20%, Aurobindo Pharma down by 2.35%, ACC down by 1.52%, Bosch down by 1.47% and HDFC down by 1.34% were the top losers.

 

 

 

On the global front:       On the global front, Asian shares were trading mostly in green, ahead of critical meeting by the US Federal Reserve, which is widely expected to raise interest rates. Japan’s Nikkei was trading flat in green, led by financial and energy stocks. The Bank of Japan quarterly tankan survey showed that sentiment among big manufacturers rose to plus 10 over the three months to December from plus 6 in the previous quarter.

 

Global Signals:    The Asian markets were trading mostly in green; KOSPI Index increased 0.48 points or 0.02% to 2,036.46, Shanghai Composite increased 0.57 points or 0.02% to 3,155.61, Nikkei 225 increased 22.97 points or 0.12% to 19,273.49 and Hang Seng increased 147.65 points or 0.66% to 22,594.35. On the other hand, Taiwan Weighted decreased 11.16 points or 0.12% to 9,370.98, Jakarta Composite decreased 8.4 points or 0.16% to 5,285.22 and FTSE Bursa Malaysia KLCI decreased 3.78 points or 0.23% to 1,641.50.

 

Oil rally triggers fresh weakness in emerging markets as US bond yields rise above 2.5%

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Major headlines:

·         Oil prices stable supported as output cuts hit market

·         Global and domestic cues subdue Indian equities

·         ADB trims India’s 2016 growth forecast to 7.0 percent

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26180

26550

Nifty

8075

8195

 

Indian Indices:  Asian markets opened flat after a weak start to the week saw most indices close in the red on Monday. The sharp rally in crude combined with US 10 year bond yields crossing 2.5% saw weakness again creep up in the emerging markets basket. The Dow Jones continues its unprecedented rally as money chases US stocks, ETF"s & bonds.

Nifty could consolidate ahead of the Federal Policy tomorrow night as low volumes yesterday saw impact cost expand which accentuated the selloff. Fresh adventurous shorts were behind the selloff as foreign flows were muted which explains the low volume. The surprise Tata Motors open offer @ 10% premium will catch most shorts off guard which could see other Tata group stocks also rise in tandem. 

The BSE Sensex is currently trading at 26567.89, up by 52.65 points or 0.20% after trading in a range of 26494.23 and 26611.81. There were 19 stocks advancing against 11 stocks declining on the index. The broader indices were trading mixed; the BSE Mid cap index was down by 0.31%, while Small cap index was up by 0.08%. The CNX Nifty is currently trading at 8176.40, up by 5.60 points or 0.07% after trading in a range of 8155.80 and 8200.95. There were 25 stocks advancing against 26 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

NCC

85.50

4.59

Intellect

172.00

4.31

Fortis

176.00

3.41

Fortise

176.00

3.41

Group ATop Losers

 

 

Vakrangee

268.00

-5.70

Bergerpaint

200.75

-3.60

Hindalco

176.15

-3.19

IBREALEsT

70.55

-2.76

Market Statistics

 

 

 

BSE

NSE

Advances

930

1092

Declines

1091

333

 

Technical view:    Nifty broke the 200 dma(day moving average) @ 8202 which will act as resistance while 8150 will act as support. Bank Nifty also broke below important supports & will find fresh support around 18250 while 18618 the 21 dma will act as resistance.

 

Market Sentiment:

The market breadth on BSE was negative in the ratio of 930:1091, while 113 scrips remained unchanged.

 

Trading ideas :      BPCL Dec Fut (Sell below Rs 615  for Target of Rs 595 , SL at Rs 625): The stock reversed from the declining trend line which also coincided with the 50 day moving average. The stock has further slipped below its 100-DMA too indicating weakness in the current move. Other momentum oscillators are also showing signs of down tick in prices. We expect BPCL to move lower towards potential target of Rs595.

 

Macroeconomic Front:    Hopes of meeting the Centre's targeted GST implementation deadline of April 1, 2017, receded further in a situation of political confrontation unleashed by its demonetisation measure after the two-day meeting of the GST Council scheduled to end on Monday being cut short half-way.

Corporate Snippets: Tata Motors said it will hike the prices of its passenger vehicles by up to Rs 25000 from next month in order to offset the increased input costs.

 

Natco Pharma has launched generic Tamiflu capsules, used for the treatment of influenza, in the Ameerica market after the final nod from the US health regulator in Aug 2016.

 

Alkem Laboratories said the US health regulator has issued three obervations after inspection of the company’s API facility at Ankleshwar in Gujrat.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 1.06%, Auto up by 0.85%, Oil & Gas up by 0.78%, FMCG up by 0.33% and PSU up by 0.14%, while Metal down by 1.07%, Realty down by 0.36%, Bankex down by 0.23%, TECK down by 0.19% and IT down by 0.14% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Tata Motors up by 2.26%, BPCL up by 1.97%, Wipro up by 1.80%, Tata Motors - DVR up by 1.73% and Idea Cellular up by 1.39%.  On the flip side, Hindalco down by 2.86%, Zee Entertainment down by 2.69%, Grasim Industries down by 1.66%, Lupin down by 1.61% and Ultratech Cement down by 1.34% were the top losers.

 

 

 

On the global front:       On the global front, Asian shares were trading mostly in green, as investors awaited the looming outcome of the Federal Reserve’s rates review, with all eyes on how the Fed steers monetary policy in the wake of Republican Donald Trump's surprise election win last month. Chinese data showed factory output and retail sales grew faster than expected in November, while fixed-asset investment was in-line with forecasts, adding to growing signs of stabilization in the world’s second-biggest economy.

 

Global Signals:    The Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 1.59 points or 0.1% to 1,643.01, KOSPI Index increased 2.85 points or 0.14% to 2,030.09, Taiwan Weighted increased 17.63 points or 0.19% to 9,367.57 and Nikkei 225 increased 50.08 points or 0.26% to 19,205.11. On the other hand, Hang Seng decreased 82.71 points or 0.36% to 22,350.31, Jakarta Composite decreased 42.98 points or 0.81% to 5,265.15 and Shanghai Composite decreased 20.33 points or 0.64% to 3,132.64.

 

All about MCX or Multi commodity exchange of India

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Invest in the appropriate place and earn positive returns  

People plan to gain money by investing in the market and the commodity market is one safe place for a trader who follows strategy. One who understands the basics of the market can easily gain the profits and it is a must to get the updates from an analyst who is certified in providing tips. There are several professional vendors who offer basic instructions on how to trade following which investors even in the beginning state can gain a lot and stay safe. Investing in the market is not just to purchase or sell the shares or the goods, but it is to understand when to step ahead and when to withdraw from the market. There are a few places where retail traders or investors tend to actually invest and it is the commodity market as here the participants invest over the physical stocks.  

Commodity exchange

Multi Commodity Exchange of India Ltd mostly known as MCX is a category in commodity exchange which is established a couple of years ago. With headquarters at Mumbai there is a lot of exchange and trading completed and people gain several benefits.

·         The market runs on a few specifications and a few are released considering the changes in the market. The basic features of the commodity market are that people focus on buying and selling on the exchange platforms.

·         People looking to invest in the commodity trading need to work according to the changes of the market and the SEBI regulates the market happenings. One planning to invest in metals, crude oil, natural gas and a few more trading goods need to plan properly as a few products owe a worthy market.

·         Even the trading is carried out with the exchange of several rupees due to which people who plan well and invest appropriately win the commodity trading. The MCX after the launch earned several awards and rewards as this is one genuine place that makes people gain through trading.

·         Within past two decades, this is rewarded to be the best commodity exchange where participants owe amazing awareness which is much essential in business. The commodity derivates and support in earning better idea and the daily updates are delivered through the media including the magazines, news papers and with change in technology people started offering through the online portals.

·         Compared with the share market the commodity market is less volatile and the participants may not sink in huge debts as if in the stock exchanges. This is not completely free of risk, but in a few cases people are safe and one must understanding the risk management in order to withstand the simple disturbances.

Participation in trading is simple and exchanges are even carried out as per the rules and regulations and terms are much transparent in the commodity sharing. The MCX always rises up and the one who manages all the risks efficiently following the guidance are secured and can achieve their goals easily. Improvement in the commodity market or any sort of change is mentioned only by the person who is qualified in technical analysis as they can easily create solutions on how to buy and when to sell.

Expert guidance

Following the expert suggestion is the only way to get the perfect solutions regarding various investments and people should be ready to accept the fact. The expert professional guide in a proper way and even make an investor understand the starting amount for investments which yields better returns. The analyst even makes sure that every trader earns pocketful returns with minimum funds by investing at certain place which comforts all the beginners.

The online portals offer information for free during the trial period and with a free subscription they deliver customized solutions as per your need. People looking to invest in gold, crude oil or even in any other products the analyst offer thorough support considering the commodity derivatives and support in positive exchange. The experts even suggest in future exchange and help in gaining quality returns to the investments. It is curial to open a trading account and get immediate updates from the vendors who help in trading commodities. Ensure to invest in the products that are in continuous supply and this depends on the demand due to which one need to seek professional guidance and choose the platform to invest. 

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