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WEEKLY NIFTY TRADING VIEW FOR THE WEEK DEC26, 2016–DEC31, 2016

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Events to watch this week

  • US Q3 annual economic growth rate revised up
  • Italian government rescues Monte deiPaschi
  • Scotland threatens to leave UK
  • BOJ upgrades assessment, leaves policy unchanged

The Week ahead:

  • Japan releases consumer price and unemployment data on Monday, 26 December
  • Japan reports retail sales data on Wednesday, 28 December
  • US November pending home sales figures are released on Wednesday, 28 December

For the week,Global equities dipped modestly this week while US indices barely budged. The venerable Dow Jones Industrial Average approached the psychologically significant 20,000 mark before pausing. US Treasury yields were down slightly on the week, falling to 2.53% from 2.58% a week ago. West Texas Intermediate crude lost about 75 cents on the week, ending around $52.50, while the Chicago Board Options Exchange Volatility Index (VIX) remains historically low, at 11.60.

NIFTY- 7,985.75
CRUDE OIL-Rs 3,595barrel
GOLD-Rs 27,002/10 gram
Rs/$-Rs 67.83

MARKET ROUND UP

Trading for the week ended on a positive note as key benchmark indices snapped a seven-day losing streak and settled with small gains after what was a volatile session of trade. The barometer index, the SandP BSE Sensex, gained 61.10 points or 0.24% to settle at 26,040.70. The Nifty 50 index rose 6.65 points or 0.08% at 7,985.75. The gains for the Nifty were lower than the Sensex's gains in percentage terms. After a subdued start to the session tracking weak Asian cues, indices reversed losses in early afternoon trade and consolidated further in the green in mid-afternoon trade. However, they pared gains in late trade, with the movement restricting within a narrow range throughout the session.

The Sensex gained 61.10 points or 0.24% to settle at 26,040.70, its highest closing level since 21 December 2016. The index rose 163.59 points or 0.62% at the day's high of 26,143.19. It lost 107.22 points or 0.41% at the day's low of 25,872.38, its lowest level since 24 November 2016.

The Nifty 50 index rose 6.65 points or 0.08% to settle at 7,985.75, its highest closing level since 21 December 2016. The index rose 43.50 points or 0.54% at the day's high of 8,022.60. It fell 37.05 points or 0.46% at the day's low of 7,942.05, its lowest level since 21 November 2016.

The BSE Mid-Cap index fell 0.4% and the BSE Small-Cap index dropped 0.04%. Both these indices underperformed the Sensex.

Macro Economic Front:

On the Economic Front,Prime Minister NarendraModi on Saturday gave the green signal to a slew of infrastructure projects in Mumbai and Pune, besides inaugurating the new campus of SEBI's National Institute of Securities Markets (NISM) during his daylong visit to Maharashtra.

Modi was received by Governor C.V. Rao, Chief Minister DevendraFadnavis and other dignitaries on his arrival around noon by an IAF aircraft at the ChhatrapatiShivajiMaharaj International Airport here.

Major Action &Announcement:

Sun Pharmaceutical Industries rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.

Wipro dipped 1%. The company announced that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to formally  resolve the previously disclosed six-year-old investigation.

Reliance Defence and Engineering Ltd rose 3.6% to Rs 55 after huge block deal. Around 12.3 million shares or 1.7% stake of the company changed hands in a single block deal. 

Welspun Enterprises plunged 4%. Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs 62 per equity share.

Deepak Nitrite tanked 3.7% to Rs 85.80 after huge block deal. Around 3 million shares of the company changed hands in two block deal

JK Paper rose 2%.  JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.

Suzlon Energy rose 0.29% after the company announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.

Tata Motors dropped 1.6%. The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim chairman Ratan Tata.

Global Front:

In Overseas Markets,European stocks were mixed with banks rising after two regional bellwethers settled US mortgage securities probes. Deutsche Bank's $7.2 billion settlement with the US Department of Justice over toxic mortgage securities sold in the run-up to the 2008 financial crisis was nearly half of the fine initially levied in September. Credit Suisse also agreed to pay $5.3 billion to the DOJ to settle similar charges

In another boost to European financials, the Italian government approved a decree today, 23 December 2016, to bail out Monte deiPaschi di Siena after the world's oldest bank failed to win investor backing for a desperately needed capital increase. Prime Minister Paolo Gentiloni said his Cabinet had authorised a 20 billion-euro ($20.9 billion) fund to help lenders in distress - first and foremost Monte deiPaschi.

Global Economic News:

US, UK growth revised higher
Already strong US gross domestic product figures were revised higher in the final reading for the third quarter. Originally reported at an annual rate of 3.3%, the economy grew 3.5%, according to an estimate by the US Bureau of Economic Analysis. Q4 growth looks to be somewhat less robust, with estimates in the 2.0% to 2.5% range at the moment. In the United Kingdom, Q3 growth was also revised higher. On a quarter-over-quarter basis, the UK economy expanded 0.6% in the three months following the Brexit vote, up from an earlier 0.5% estimate.

Italy rescues world’s oldest bank
Italy’s government has authorized €20 billion bailout of that country’s third-largest lender, Monte deiPaschi di Siena, after the bank failed to raise sufficient capital in the financial markets to stay afloat. Monte deiPaschi has been in operation since 1742.

Scotland threatens to bolt UK
If the United Kingdom does not remain a member of the European Union’s single market, Scotland will hold another referendum on withdrawing from it, Scottish first
minister Nicola Sturgeon said this week. Scotland voted to remain within in the EU in last June’s referendum, as did Northern Ireland, but England and Wales produced large enough majorities to win the day for the Leave campaign. In 2014, Scotland held a referendum on independence that was defeated 55% to 45%.

BOJ upgrades economic outlook
The Bank of Japan upgraded its economic assessment, noting that a moderate recovery trend had continued while exports had picked up. Improved foreign demand was credited with the export boost, along with a weaker yen, which should help solidify the recovery, the bank said. The BOJ’s super-easy monetary policy was left unchanged.

Pair of European banks settle US mortgage cases
Deutsche Bank and Credit Suisse each agreed to settle outstanding cases with the US Department of Justice involving the mis-selling of mortgage-backed securities dating back to the global financial crisis. Deutsche Bank settled for $7.2 billion, roughly half what the DOJ proposed in September. Credit Suisse agreed to pay roughly $5.3 billion. UK-based Barclays was unable to come to an agreement, and the DOJ has since filed suit in the matter.

GLOBAL CORPORATE NEWS

Praxair and Linde agree to merge
After a two-year courtship, industrial gas giants Praxair and Linde have agreed to merge their operations. The combined value of the deal is $66.6 billion.

NEW 52-WEEK HIGH BSE (A):

 

ENGINERSIN

324.25

NEW 52-WEEK LOWS BSE (A):

APOLLOHOSP

1133.00

BFUTILITIE

386.15

BLUEDART

4301.55

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

EDELWEISS FIN

17.79

CHOLAMANDALAM

12.85

ALOK INDS

12.14

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

DIVI’S LAB

-24.87

BHARAT FIN

-18.87

PIRAMAL ENT

-13.06


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

Monday (26 Dec)
US Holiday, Market Closed
Tuesday(27 Dec)
Consumer Confidence

Wednesday(28 Dec)
Pending Home Sales Index
Thursday(29 Dec)
Jobless Claims
Friday(30 Dec)
Chicago PMI

Fundamental Pick of the week:

Sell REC Ltd For Target Rs. 120.00

The stock is making lower tops after forming a double top pattern at 140 resisting to cross the short term averages.The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

The stock has closed below its short term averages confirming the downtrend and the recent swing high will continue to act as strong resistance for the stock.

Recommendation

Short position can be initiated at Rs129-130 for target of Rs120 with a stop loss of Rs 134.

Indian Market Outlook:

Even as Nifty closed at 8000 levels this week, the Index tested levels of 7950 which is just 30 points shy of the previous month low of 7921. The benchmark Index remained weak in the last five trading sessions with FII's turning out as net sellers in the market. Nifty dropped almost 200 points from 8148 to 7953 in the course of the week's trading session.

This week the IT index was up by 2.26% expectation of growth backed by PM Mr. NarendraModi’s digital India stance post the demonetization.

TECHNICAL VIEW:

 

S3

S2

S1

NIFTY

R1

R2

R3

7,860

7,902

7,944

7,985.75

8,030

8,105

8,190

 

NIFTY OUTLOOK

Nifty index traded with negative bias for most part of the week and finally concluded with cut of over 1.5%.

Technically, charts are still pointing toward further fall wherein 7900 spot is the immediate support. Also, we have derivatives expiry for the Dec month scheduled in the coming week and it’ll largely guide the market ahead , in absence of any major event.

Conclusion:

Nifty made low of 7942 but failed to close above 8000,Till we do not see closed above 8000 Bears have upper hand and high probability we can break swing low of 7916. Range of 7880-7900 is again the important zone, break of the range on downside move towards 7800/7700. Holding the same move towards 8130/8250.

 

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 Trade in FOREX MARKET AND EARN HUGE PROFIT FROM SURE FOREX SIGNALS

Forex market has got the maximum potential for earning for any investor. The daily turnover of more than US$3 trillion, high leverage rate and stable Forex market make the Forex investment so profitable. But like any investment, you need to have a comprehensive idea of the Forex market, have competence in predicting the ups and down of Forex market and of course take the right opportunities of trading to earn money from Forex trading. Here we are providing an overview of Forex trading that will help you to earn money with Forex trading.


Forex trading is all about buying one currency with another. The basic principle for making money at the Forex market is to buy the currency at lower rate and selling that at higher rate. Or you can do the trade other way as well, that by selling the currency at higher rate and then buying it back at a lower rate. At Forex trading you are offered the price of the currency in respect to other currency and the quote at the Forex market is presented in the combination of these two currencies. Generally the first currency of the Forex quote is the base currency and the other is the trade currency. Generally it is the rate of the base currency on which the profit or loss is determined and the trading currency is the currency in which the investment is made and profit is obtained. Generally in a Forex quote the base currency is considered as one unit and the price of the trade currency for that 1 unit of base currency is given in the Forex quote. Here we are presenting an example that will help you to understand precisely how you can make money at the Forex market.

 

For example your speculation says that the Euro to US Dollar rate will increase in the Forex market and you are keen to get some profit from this trade and you have US$ 2000 in your account as deposit. But as the standard practice of high leverage in the Forex market (100:1) you can take a trade of as much as US$ 200,000 with your deposit of US$ 2000. Now for instance let us assume that the current quote of EURUSD is 1.2750. With the deposit you have you can invest in as much 150,000 Euro as the price of that much Euro in US$ will be 150,000 x 1.2750 = 191,250. Now according to your speculation if the rate of Euro rises to 1.2850 in respect to USD, the value of 150,000 Euro will be 150,000 x 1.2850 = 192,750 USD. So you will make a profit of 192,750 – 191, 250 = 1500 US$. So with a minimum deposit of USD 2000 you can make a profit of 1500USD that is about 75% of your actual deposit or investment. That too this high profit percentage is achieved with a minimum rise of .8% of the base currency.

 

Similarly if you have a speculation that says the rate of Euro will go down in comparison with USD, you can short sell the Euro at the Forex market. That means you can sell the Euro at a higher rate and then when the rate of Euro goes down, you can buy back the same quantity of Euro at lower rate to close the position and make your profit from the trade.

 

These are of course the simplest examples of Forex trading and there are so many other factors that can come into play when you are actually trading at the Forex market. But one thing remains constant – that is if you can choose the right time and the take right trading decision, Forex market possibly has the maximum profit potential. But to ensure that you get optimum benefit from the Forex trading you have to keep close watch on the market trend so that you do not miss any investment opportunity and make the best of the huge profit potential of the Forex market. To help you keep watch on the Global Forex and the up and down trend of the currencies, the automated Forex trading software is surely an effective medium and you gain from these systems. These systems help to determine the trend of the market as well as do the Forex trading seamlessly.

Global markets stall as oil,US$ halt after sharp rally with US equities set to hit 20000 as macro data improves

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Major headlines:

·         Key Indian equity indices trade lower

·         China expresses disappointment at EU favouring continued limits on Chinese solar panels

·         Gold steady but on track for seventh straight weekly loss

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

25860

26171

Nifty

7945

8025

 

Indian Indices:Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.The year end blues saw profit booking in oil & US$ as the rally seems to be getting overstretched.  

Nifty gave up gains for the year as the last 7 days have seen the slow grind downwards gather momentum with 7916 being the last ray of hopes for the bulls. Bears have taken advantage of weak sentiment coupled with year end foreign selling & have seen the index turn negative for the year 2016.For today expect an attempt @ 7916 which was the 21st November low to be tested & defended as markets in extremely oversold territory & ripe for a sharp pullback.

The BSE Sensex is currently trading at 25904.77, down by 74.83 points or 0.29% after trading in a range of 25872.38 and 26007.16. There were 10 stocks advancing against 20 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.57%, while Small cap index was down by 0.38%. The CNX Nifty is currently trading at 7951.00, down by 28.10 points or 0.35% after trading in a range of 7942.05 and 7985.45. There were 18 stocks advancing against 33 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Balramchin

121.50

4.70

Renuka

13.73

4.02

RDEL

55.20

3.86

Bajajfinace

794.70

3.72

Group ATopLosers

 

 

Bharatfin

533.55

-3.81

UNITECH

4.01

-3.37

PFC

121.15

-2.96

KEC

131.70

-2.34

Market Statistics

 

 

 

BSE

NSE

Advances

999

752

Declines

1021

667

 

Technical view: Nifty to find support around 7916 which was the last low on 21st November& will find resistance around 8050-8080.Bank Nifty also finds support around 17650 while 18143 will act as resistance on the upside.

 

Market Sentiment:

The market breadth on BSE was negative in the ratio of 468:1585, while 99 scrips remained unchanged.

 

Trading ideas :BEML (Buy above Rs 964 for target of Rs 1012, SL at Rs 940): Stock was trading in a range of Rs 900 to Rs 930 from past few days. In yesterday's trade, stock managed to break out of the recent trading range, and also close above the same. This led to breakout from an inverse head and shoulder pattern which is bullish in nature. Close above its 200-DMA with credible volume can augur well for BEML. We advise to Buy BEML above Rs 964, stop loss at Rs 940, and Target of Rs 1012.

 

MacroeconomicFront:The proposed Goa-Mumbai concrete expressway would promote tourism in Goa as well as in the Konkan region, Union Minister for Roads and Transport, Highways and Shipping NitinGadkari said on Thursday, adding that the project would also reduce the rate of accidents along the stretch.

Corporate Snippets:BhartiAirtelsaid its subsidiary Network has entered into a definitive agreement with Egyptian firm Oracom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems for and undisclosed amount.

 

Titan Company inaugurated its revamped store in the upmarket Jubilee Hills area of the city bringing together their retail chains.

 

RBL Bank has reduced has too launched discount sale on domestic routes.

 

Texmaco Rail Engg and Kalindee Rail Nirman have received Delhi High Court’s approval to merge the latter with former, the companies notified the bources.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 0.38% and Oil & Gas up by 0.28%, while Power down by 0.99%, Metal down by 0.93%, FMCG down by 0.83%, TECK down by 0.77% and Auto down by 0.76% were the losing indices on BSE.

Nifty Movers:The top gainers on the Sensex were Sun Pharma up by 2.51%, Bajaj Auto up by 0.64%, ONGC up by 0.51%, HDFC up by 0.50% and ICICI Bank up by 0.32%.  On the flip side, Mahindra & Mahindra down by 1.71%, Tata Motors down by 1.53%, Power Grid down by 1.43%, Adani Ports & Special Economic zone down by 1.33% and ITC down by 1.28% were the top losers.

 

 

 

 

On the global front:On the global front, Asian shares were trading mostly in red, as the stocks stepped back in subdued trade ahead of holiday season. Japan’s stock exchange was closed on account of ‘Emperor’s Birthday’ holiday. The index has posted seven straight weeks of gains, its longest winning streak since early 2013, boosted by the yen’s weakness in the face of a surging dollar.

 

Global Signals:The Asian markets were trading mostly in red; Hang Seng decreased 125.64 points or 0.58% to 21,510.56, Taiwan Weighted decreased 28.7 points or 0.31% to 9,090.05, Shanghai Composite decreased 24.09 points or 0.77% to 3,115.47, FTSE Bursa Malaysia KLCI decreased 4.02 points or 0.25% to 1,619.18 and KOSPI Index decreased 0.33 points or 0.02% to 2,035.40.On the other hand, Jakarta Composite increased 28.02 points or 0.56% to 5,070.89.

 

 

Global markets stall as oil,US$ halt after sharp rally with US equities set to hit 20000 as macro data improves

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Major headlines:

·         Key Indian equity indices trade lower

·         China expresses disappointment at EU favouring continued limits on Chinese solar panels

·         Gold steady but on track for seventh straight weekly loss

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

25860

26171

Nifty

7945

8025

 

Indian Indices:Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.The year end blues saw profit booking in oil & US$ as the rally seems to be getting overstretched.  

Nifty gave up gains for the year as the last 7 days have seen the slow grind downwards gather momentum with 7916 being the last ray of hopes for the bulls. Bears have taken advantage of weak sentiment coupled with year end foreign selling & have seen the index turn negative for the year 2016.For today expect an attempt @ 7916 which was the 21st November low to be tested & defended as markets in extremely oversold territory & ripe for a sharp pullback.

The BSE Sensex is currently trading at 25904.77, down by 74.83 points or 0.29% after trading in a range of 25872.38 and 26007.16. There were 10 stocks advancing against 20 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.57%, while Small cap index was down by 0.38%. The CNX Nifty is currently trading at 7951.00, down by 28.10 points or 0.35% after trading in a range of 7942.05 and 7985.45. There were 18 stocks advancing against 33 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Balramchin

121.50

4.70

Renuka

13.73

4.02

RDEL

55.20

3.86

Bajajfinace

794.70

3.72

Group ATopLosers

 

 

Bharatfin

533.55

-3.81

UNITECH

4.01

-3.37

PFC

121.15

-2.96

KEC

131.70

-2.34

Market Statistics

 

 

 

BSE

NSE

Advances

999

752

Declines

1021

667

 

Technical view: Nifty to find support around 7916 which was the last low on 21st November& will find resistance around 8050-8080.Bank Nifty also finds support around 17650 while 18143 will act as resistance on the upside.

 

Market Sentiment:

The market breadth on BSE was negative in the ratio of 468:1585, while 99 scrips remained unchanged.

 

Trading ideas :BEML (Buy above Rs 964 for target of Rs 1012, SL at Rs 940): Stock was trading in a range of Rs 900 to Rs 930 from past few days. In yesterday's trade, stock managed to break out of the recent trading range, and also close above the same. This led to breakout from an inverse head and shoulder pattern which is bullish in nature. Close above its 200-DMA with credible volume can augur well for BEML. We advise to Buy BEML above Rs 964, stop loss at Rs 940, and Target of Rs 1012.

 

MacroeconomicFront:The proposed Goa-Mumbai concrete expressway would promote tourism in Goa as well as in the Konkan region, Union Minister for Roads and Transport, Highways and Shipping NitinGadkari said on Thursday, adding that the project would also reduce the rate of accidents along the stretch.

Corporate Snippets:BhartiAirtelsaid its subsidiary Network has entered into a definitive agreement with Egyptian firm Oracom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems for and undisclosed amount.

 

Titan Company inaugurated its revamped store in the upmarket Jubilee Hills area of the city bringing together their retail chains.

 

RBL Bank has reduced has too launched discount sale on domestic routes.

 

Texmaco Rail Engg and Kalindee Rail Nirman have received Delhi High Court’s approval to merge the latter with former, the companies notified the bources.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 0.38% and Oil & Gas up by 0.28%, while Power down by 0.99%, Metal down by 0.93%, FMCG down by 0.83%, TECK down by 0.77% and Auto down by 0.76% were the losing indices on BSE.

Nifty Movers:The top gainers on the Sensex were Sun Pharma up by 2.51%, Bajaj Auto up by 0.64%, ONGC up by 0.51%, HDFC up by 0.50% and ICICI Bank up by 0.32%.  On the flip side, Mahindra & Mahindra down by 1.71%, Tata Motors down by 1.53%, Power Grid down by 1.43%, Adani Ports & Special Economic zone down by 1.33% and ITC down by 1.28% were the top losers.

 

 

 

 

On the global front:On the global front, Asian shares were trading mostly in red, as the stocks stepped back in subdued trade ahead of holiday season. Japan’s stock exchange was closed on account of ‘Emperor’s Birthday’ holiday. The index has posted seven straight weeks of gains, its longest winning streak since early 2013, boosted by the yen’s weakness in the face of a surging dollar.

 

Global Signals:The Asian markets were trading mostly in red; Hang Seng decreased 125.64 points or 0.58% to 21,510.56, Taiwan Weighted decreased 28.7 points or 0.31% to 9,090.05, Shanghai Composite decreased 24.09 points or 0.77% to 3,115.47, FTSE Bursa Malaysia KLCI decreased 4.02 points or 0.25% to 1,619.18 and KOSPI Index decreased 0.33 points or 0.02% to 2,035.40.On the other hand, Jakarta Composite increased 28.02 points or 0.56% to 5,070.89.

 

 

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Forget Losses, Just TRADE IN FOREX SIGNALS and earn daily

Avoid dangerous steps and stay safe

The biggest query in front of every investor is how to make money without losing the investments and at the same time how to manage the risks which are most common in the share market. The stock market is one place which is much volatile and it is even true that there are no guaranteed profits for the investors. This is because of the ups and downs in the shares of the companies which are a result of financial changes or any political events. Along with this the performance of the companies even plays a major role in maintaining the value of the shares due to which no one can predict and invest in the market.

Here are a few attributes that make people feel that there is actually a great need of the stock market tips which are much useful to the investors in carrying out safe and secured dealings.  

·         Better returns: Looking forward for better returns is common with several investors, but the fact is that people who move with hurry surely lose their investments as the risk of getting loss is mostly seen in the stock market. Drawing better returns to the investments is much simple for the investors who actually rely over the expert stock market tips provider who is certified.

·         Gain control: This is very easy to say, but the most difficult thing to follow. Apart from dreaming to earn success, every investor must first start to accept the truth of the market and then work accordingly. Gaining control over the emotions is not very easy, but is one most crucial aspect which people require in order to withstand the situation. When an investor seeks the support of an expert they suggest in managing the funds by providing tips that are customized according to the need.

·         Never at a place: People who are new to the stock market tend to invest all their money in a single place and this leads to a great loss as no one can predict when the value of the shares all down.  The performance of the company is based on several factors and once the company starts falling down no can say when the  shares raises up. And it is always an expert who recommends in the right way which makes people stay alert and invest in enough amounts considering the changes.

·         Goals: Goals are never same with the people and there are several investors who like to get the handsome returns to their investments within no time and the one who have long term goals. Whether it is a short term or a long term goal people should get the tips that are created as per the aspect of the investors. Not just by considering the aspect, but the expert analyst offer, according to the size of investment which makes every trader gain but never lose.

·         Handle things: Handling things like tension, worry is much essential as when an investor understands that the share values of the company starts crawling down they may fall in pain. Sinking in huge debts is seen with people who invest without quality knowledge in the share market. In order to gain confidence one need to seek the support of an expert who identifies the risk and intimate regarding it to the investor.

·         Fulfill the dream: The share market or the stock market values are never the same and people looking to gain worthy returns should first compare the values and the experts guide in the right way. The analyst reports always play a major role as the experts following the key aspects creates the customized solutions. Estimating the values of the companies is easy and the experts offer a helping hand in purchasing the right shares or investing in the right place. So there is always a need for expert professional who provide important information that helps in fulfilling all the financial dreams.

Making money through the stock market not easy, but one after getting registered in a certified online portal where expert analysts offer solutions to all queries people can stay safe from sinking in  a great loss. So seek the help of the professionals who offer services just by considering the happenings in the market as creating the comforting solution which is delivered in a much convenient manner.


Global cues quiten as year end blues sees low turnover with range bound markets.

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To get Accurate Forex signals visit Sharetipsinfo


Major headlines:

·         Monetary policy panel to wait and watch impact of demonestisation.

·         Indian equity market indices open flat

·         Asian shares slilp in holiday thinned trade, focus turns to U.S data

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26221

26522

Nifty

8055

8151

 

Indian Indices:Asian indices opened flat to marginally weak as US indices also had a rather quiet session with the Dow Jones ending marginally in the red. Pullback in oil prices & yields edging lower were the theme for the day as US$ also saw profit booking. Emerging markets continue to be the favorite punching bag on both currency & equity front as investors exit seeking better opportunities in US equity & bonds.   

Nifty gave up all gains in last half hour & drifted towards 8050 as renewed bout of foreign selling emerged. Banks, IT &Fmcg saw huge profit booking with commodities & auto's seeing buying. For today weak sentiment could see 8000 being tested as year end repatriation by select foreign investors could continue this week.

The BSE Sensex is currently trading at 26060.42, down by 181.96 points or 0.69% after trading in a range of 26027.58 and 26248.45. There were 3 stocks advancing against 27 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 1.04%, while Small cap index was down by 0.93%. The CNX Nifty is currently trading at 7999.75, down by 61.55 points or 0.76% after trading in a range of 7991.50 and 8046.45. There were 9 stocks advancing against 42 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Sparc

318.50

3.61

Escorts

291.85

1.89

GDL

226.00

1.80

BEML

938.85

1.60

Group ATopLosers

 

 

Aloktext

3.21

-4.18

Jindalstel

68.90

-3.97

PEL

1501.25

-3.32

VEDL

218.55

-3.32

Market Statistics

 

 

 

BSE

NSE

Advances

999

842

Declines

1021

542

 

Technical view: Nifty finds last bastion support around 8000 which if broken can see a test of 7916 while 8150 atcs as strong resistance, Bank Nifty also finds support around 17900 with 18350 now acting as resistance.

 

Market Sentiment:

The market breadth on BSE was negative in the ratio of 468:1585, while 99 scrips remained unchanged.

 

Trading ideas :DLF (Buy above Rs 118.5 for target of Rs 123.5, SL at Rs 116): Stock was moving in a very narrow trading band from the past six trading sessions between Rs 111.5 and Rs 114. In yesterday's trade, stock managed to close above the same, creating a bullish belt hold candlestick pattern on the daily charts. If stock sustains above Rs 118.5, it would result in a triangle breakout. We advise to Buy DLF above Rs 118.5, stop loss at Rs 116, and Target of Rs 123.5.

 

MacroeconomicFront:The RBI's December decision to hold its key interest rate at 6.25 per cent was based on the unanimous view of the Monetary Policy Committee to take a prudent "wait and watch" approach pending more information on the full effects of demonetisation and against the backdrop of volatility in financial markets provoked by the then imminent tightening of monetary policy in the US.

Corporate Snippets:BhartiAirtelsaid its subsidiary Network has entered into a definitive agreement with Egyptian firm Oracom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems for and undisclosed amount.

 

Titan Company inaugurated its revamped store in the upmarket Jubilee Hills area of the city bringing together their retail chains.

 

RBL Bank has reduced has too launched discount sale on domestic routes.

 

Texmaco Rail Engg and Kalindee Rail Nirman have received Delhi High Court’s approval to merge the latter with former, the companies notified the bources.

Top Sectoral& Stock Screening:  The losing sectoral indices on the BSE were Metal down by 1.68%, Capital Goods down by 1.06%, Power down by 1.03%, Bankex down by 0.98% and PSU down by 0.89%, while there were no gainers.

Nifty Movers:The top gainers on Nifty were Eicher Motors up by 0.64%, Zee Entertainment up by 0.58%, Hindustan Unilever up by 0.50%, BhartiInfratel up by 0.49% and Tata Motors up by 0.44%.  On the flip side, Hindalco down by 2.67%, Adani Ports & Special Economic Zone down by 2.08%, Tata Steel down by 1.93%, Bank of Baroda down by 1.84% and SBI down by 1.64% were the top losers.

 

 

 

 

On the global front:On the global front, Asian shares were trading in red, after a lacklustre performance on Wall Street, with investors looking to US economic data later in the day for potential catalysts even as markets started winding down ahead of the holidays. The market volumes began to thin out in the run-up to the Christmas holidays with many investors sitting on the sidelines. Many major markets in Asia will remain close on Monday (and a few on Tuesday as well) to observe Christmas.

 

Global Signals:The Asian markets were trading in red; Hang Seng decreased 197.89 points or 0.91% to 21,611.91, Taiwan Weighted decreased 70.91 points or 0.77% to 9,133.35, Nikkei 225 decreased 52.66 points or 0.27% to 19,391.83, Jakarta Composite decreased 18.08 points or 0.35% to 5,093.31, Shanghai Composite decreased 6.87 points or 0.22% to 3,130.56, KOSPI Index decreased 2.14 points or 0.11% to 2,035.82 and FTSE Bursa Malaysia KLCI decreased 2.09 points or 0.13% to 1,627.50.

 

US indices in euphoria as Dow Jones almost hits 20000 with banks leading gains

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Major headlines:

·         FIPB to take up 17 investment proposals on December 28

·         Markets open on a positive note on Wednesday

·         Mutal funds bet on new investors post demonesisation

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26221

26522

Nifty

8055

8151

 

Indian Indices:  Asian indices opened in the green with the Japanese index "Nikkei" gaining for 11 of the last 12 sessions. Overnight Dow Jones closed @ new record highs & closed within 25 points of 20000.Banks led the gains which could spill over to Asian indices also.Strength in the US$, steady flow of ETF money & rise in US bond yields have been the theme after the Trump victory last month.  

Nifty continues to drift lower as low volumes coupled with weak sentiment add to downturn. The index seems set to bounce from oversold territory as 8050 seems to have been defended on the down side. For today expect second half bounce back led by IT, Financials & Metals which should see value buying coupled with short covering driving prices higher.

The BSE Sensex is currently trading at 26374.27, up by 66.29 points or 0.25% after trading in a range of 26296.26 and 26394.14. There were 21 stocks advancing against 9 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.37%, while Small cap index was up by 0.44%. The CNX Nifty is currently trading at 8102.15, up by 19.75 points or 0.24% after trading in a range of 8075.85 and 8112.55. There were 33 stocks advancing against 18 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

RCOM

38.35

9.42

Welcorp

80.55

6.97

JPAssociat

7.59

3.55

Fortis

187.15

3.54

Group ATop Losers

 

 

Aloktext

3.37

-9.65

Ceatltd

1158.75

-3.77

Petronet

363.95

-2.39

Justdial

345.30

-2.35

Market Statistics

 

 

 

BSE

NSE

Advances

999

842

Declines

1021

542

 

Technical view:   Nifty has found strong support @ 8050 which should hold & faces strong resistance @ 8150. Bank nifty also found support around 18000 which should hold while 18500 will act as resistance on the upside.

 

Market Sentiment:

The market breadth on BSE was negative in the ratio of 999:1021, while 138 scrips remained unchanged.

 

Trading ideas :      TCS (Buy above Rs 2344 for target of Rs 2405, SL at Rs 2314): Stock has given a classic double bottom breakout on the daily charts. The stock also managed to close above the important resistance of 2322, which was earlier important historical support for the stock. TCS managed to move above its 50-DMA and sustain above the same with credible volumes. We advise to Buy TCS above Rs 2344, stop loss at Rs 2314, and Target of Rs 2405.

 

Macroeconomic Front:  Rating agency, Crisil has said that Government's demonetising Rs 500 and Rs 1,000 notes may yield lasting economic benefits but its immediate impact has been "stunningly disruptive", with cash shortages roiling business plans. Commenting on the issue, Crisil Chief Economist Dharmakirti Joshi told the media.

Corporate Snippets: Bajaj Hindustan Sugar Ltd plans to sell its co generation power business to its group company Lalitpur Power Generation Company Ltd for about Rs 18 bn.

 

Welspun Enterprises Ltd said its board of directors will meet later this week to consider buy back of equity shares.

 

Sun Pharma said one of its subsidiaries has voluntarily requested the US health regular to withdraw approval for 28 abbreviated new drug applications belonging to Ranbaxy Laboratories.

 

Jubilant Life Sciences, a global leader in the pyridine, picolines and nutrition industry, announced a price increase of up to 15% on select products.

Top Sectoral& Stock Screening:   The top gaining sectoral indices on the BSE were Realty up by 1.29%, Metal up by 0.76%, PSU up by 0.61%, Power up by 0.56% and Auto up by 0.52%, while Consumer Durables down by 0.15% and FMCG down by 0.14% were the losing indices on BSE..            

Nifty Movers:    The top gainers on Nifty were Hindalco up by 1.94%, Bajaj Auto up by 1.66%, Mahindra & Mahindra up by 1.48%, Eicher Motors up by 1.41% and HDFC up by 1.21%. On the flip side, Zee Entertainment down by 1.11%, Bharti Infratel down by 0.94%, Tata Motors down by 0.92%, GAIL India down by 0.90% and TCS down by 0.83% were the top losers.

 

 

 

 

On the global front:        On the global front, Asian shares were trading mostly in red. Japan’s government upgraded its overall assessment of the economy, echoing the Bank of Japan’s more upbeat view, in a sign the economy may be steadying. The government also upgraded its view of household spending, exports and business sentiment, saying consumers’ mindsets are improving and exports to Asia are recovering.

 

Global Signals:     The Asian markets were trading mostly in red; Nikkei 225 decreased 79.08 points or 0.43% to 19,415.45, Taiwan Weighted decreased 10.76 points or 0.12% to 9,231.65, FTSE Bursa Malaysia KLCI decreased 0.59 points or 0.04% to 1,633.93 and KOSPI Index decreased 0.43 points or 0.02% to 2,041.51. On the other hand, Jakarta Composite increased 5.6 points or 0.11% to 5,168.07, Shanghai Composite increased 30.2 points or 0.97% to 3,133.07 and Hang Seng increased 135.07 points or 0.62% to 21,864.13.

 

Global consolidation continues with emerging markets under pressure due to rise in US yields & strength in the US$

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Major headlines:

·         Index of mineral production dips by 1.1 % in Oct.

·         Government to examine status of 72 coal blocks

·         Indian equities open marginally in green

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

26370

26705

Nifty

8108

8212

 

Indian Indices:  Asian indices opened flat as nearness to year end saw volumes dry up as markets await 2017. Strength in US$, rise in bond yields & weakness in emerging markets were the theme of the last 2 months of 2016. Gold prices continued to struggle as coupled with slowdown in India the strength in the US$ is another negative going forward into 2017. 

Nifty continues to drift lower on low volumes as foreign flows remain muted with fag end selling seeing Nifty drift closer to 8100.The sentiment being low small rhetoric on effects of demonetization & visible fallout has been impacting sectors with higher impact costs under selling pressure. For today expect IT stocks to lead gains along with energy & gas while consumption, financials & infra remain under pressure.

The BSE Sensex is currently trading at 26407.82, up by 33.12 points or 0.13% after trading in a range of 26361.39 and 26435.56. There were 14 stocks advancing against 16 stocks declining on the index. The broader indices were trading mixed; the BSE Mid cap index was down by 0.35%, while Small cap index was up by 0.04%.  The CNX Nifty is currently trading at 8113.05, up by 8.70 points or 0.11% after trading in a range of 8098.20 and 8124.10. There were 27 stocks advancing against 24 stocks declining on the index.

 

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

Aloktext

3.77

12.20

BFutilitie

418.80

5.35

Cholafin

884.80

3.77

NMTC

50.00

3.41

Group ATop Losers

 

 

Bharatfin

581.00

-3.75

Manappura

61.35

-2.93

Justdial

360.55

-2.83

Hindzinc

262.95

-2.70

Market Statistics

 

 

 

BSE

NSE

Advances

999

1092

Declines

1021

333

 

Technical view:  Nifty now finds support around 8050 with 8150 acting as resistance. Bank Nifty finds support around 18000 while 18500 acts as resistance.

 

Market Sentiment:

The market breadth on BSE was negative in the ratio of 999:1021, while 138 scrips remained unchanged.

 

Trading ideas :     RELCAPITAL (Buy above Rs 458 for target of Rs 473, SL at Rs 449): Stock faced multiple resistance around Rs 445-446 in the past few trading sessions. In yesterday's trade, stock successfully closed above the same, breaking out of an ascending triangle formation in the process. Reliance capital also crossed and sustained above its 200-DMA placed at Rs 441.We advise to Buy Relcapital above Rs 458, stop loss at Rs 449, and Target of Rs 473.

 

Macroeconomic Front: The Indian Government has said that it has revised the North East Industrial and Investment Promotion Policy (NEIIP), 2007, stipulating that all the subsidies to industrial units will be disbursed through the DBT mechanism. Commenting on the issue, a DIPP Official told the media, "Government has decided that henceforth subsidies payable to all industrial units will be disbursed through Direct Benefit Transfer (DBT) mechanism by the Chief Controller of Accounts.

Corporate Snippets: Lupin announced the launch of a generic version of its voriconazole tablets and oral suspension used for the treatment of fungal infections in children.

 

Cipla has received final approval from the US health regulator for lipid regulating Fenofibrate tablets.

 

Steel Autority of India is in talks with Japan’s Nippon Steel & Sumitomo Metal Corp and kobe Steel LTd for potential technical agreements to help the firm expand its global footprint.

 

Glenmark is developing specialty respiratory and dermatology products as a part of its long term growth strategy.

Top Sectoral& Stock Screening:   The top gaining sectoral indices on the BSE were IT up by 1.16%, TECK up by 0.96%, Capital Goods up by 0.64%, Realty up by 0.56% and Consumer Durables up by 0.49%, while Metal down by 0.62%, Bankex down by 0.54%, Oil & Gas down by 0.48%, Auto down by 0.33% and PSU down by 0.22% were the losing indices on BSE.

Nifty Movers:    The top gainers on Nifty were TCS up by 2.14%, Ultratech Cement up by 1.64%, Coal India up by 1.43%, Tech Mahindra up by 1.38% and ITC up by 1.28%.  On the flip side, Bosch down by 2.99%, Aurobindo Pharma down by 2.01%, Bajaj Auto down by 1.93%, Hindalco down by 1.45% and ONGC down by 1.34% were the top losers.

 

 

 

On the global front:        On the global front, Asian shares were trading mostly in red. China stocks fell as Beijing’s move to tighten supervision of shadow banking activities and persistent liquidity concerns restrained risk appetite. China’s central bank said it would tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs), widely viewed as a source of financial risk, into its risk-assessment framework next year.

 

Global Signals:     The Asian markets were trading mostly in red; Hang Seng decreased 51.19 points or 0.23% to 21,781.49, Shanghai Composite decreased 17.72 points or 0.57% to 3,100.37, Jakarta Composite decreased 11.31 points or 0.22% to 5,180.61, Taiwan Weighted decreased 2.92 points or 0.03% to 9,236.40 and FTSE Bursa Malaysia KLCI decreased 0.71 points or 0.04% to 1,633.59. On the other hand, KOSPI Index increased 6 points or 0.29% to 2,044.39 and Nikkei 225 increased 99.66 points or 0.51% to 19,491.26.

 

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.

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