Stock Trading Tips - RBI will survive any Governor, says outgoing Rajan

Rajan has been often hailed as the ‘rockstar central banker’ ever since becoming RBI Governor in September 2013.

Reserve Bank will survive any Governor and it is important not to “personalise this office”, the outgoing Raghuram Rajan reportedly said.

Report says Rajan has been often hailed as the ‘rockstar central banker’ ever since becoming RBI Governor in September 2013.
Rajan has also been often praised for containing inflation to a large extent and for forcing the banks to do a “deep surgery” to clean up their books of bad loans.

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STOCK TRADING TIPS - NIFTY WEEKLY REPORT FOR 20 JUNE TO 24 JUNE 2016

WEEKLY RESISTANCE  FOR NIFTY: 8191, 8226, 8311, 8345
PIVOT POINT: 8180
WEEKLY SUPPORT FOR NIFTY :  81576, 8134, 8114, 8074

WEEKLY CHAT FOR NIFTY

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DAILY RESISTANCE FOR NIFTY: 8195, 8234, 8273,8311
PIVOT POINT: 8155
DAILY SUPPORT FOR NIFTY :  8117, 8078, 8039, 7999


DAILY CHART FOR NIFTY

Sensex :- opened the week at 25735, made a high of 27020, low of 23002 and closed the week at 26525. Thus it closed the week with a loss of 80 points. At the same time the Nifty opened the week at 8124, made a high of 8232, low of 8076  and closed the week at 8163.

"Supported by global markets’’ rebound after being on the back foot through the week, Indian stocks opened positive.The Indian equity market closed with modest gains on Friday amid a choppy session. Indices managed to clock in marginal gains tracking positive global cues.

MARKET UNABLE TO CLEAR NIFTY 8250.

As expected the market was extremely sluggish throughout the week. closing below 61.8% Retracement of Nifty i.e. 8243, This is not a sign of reversal; it is just a consolidation to gather strength; which will help the Bulls to overcome the above mentioned critical level.In the near term, expect strong support at the Bullish Gap between 7954-7944.

20 DMA ACTS AS STRONG SUPPORT

The market has settled in a small range of Nifty 8045 on the lower side and 8300 on the higher side. Weekly movement on the indices has been zero, but that does not depict the real picture. Global concerns are weighing heavy on the market and as a result Volatilityhas been on an upswing. Interestingly, both Sensex and Nifty took support at the short term moving average of 20dma, for all days of the past week. A close below the 20dma will pave the way for the indices to test the strong support at the Bullish Gap between Nifty 7948-7941.

TECHNICALLY SPEAKING

This week, both the indices managed to close above the short term average of 20dma Nifty – 8050, medium term average of 50dma Nifty – 7932 and even the long term average of 200dma Nifty – 7770. Thus the trend in the short term, medium term and the long term timeframe has turned Bullish.RSI (58) indicates bullish momentum. MFI (55) suggests Positive Money Flow. Thus majority of Oscillators are suggesting a bullish bias in the near term. A break of the 20dma will not only turn the short term to Bearish, but will open the door to sub-8000 levels and a testing of the Bullish Gap between Nifty 7948-7941. On the other hand, a decisive break above 8245 will ease the downside pressure and take the index futures higher to 8350 and 8400 thereafter.If global cues support then this positive movement would continue till 8500 levels for Nifty.

Stock Trading Tips - Sensex, Nifty to open on a positive note

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Stock Trading Tips :-

Asian markets are trading higher on Friday. Nikkei 225 and Shanghai Composite trading up by 1%. Hang Seng gained 0.92%.

The indices are set to open on a positive note. Asian markets are trading higher on Friday. Nikkei 225 and Shanghai Composite trading up by 1%. Hang Seng gained 0.92%.

On the economy front, India's current account deficit narrowed to $0.30 billion, which is 0.1% of GDP in the Q4FY16 against $7.1 billion, 1.3% of GDP in Q3FY16.

The S&P and the Dow closed lower for the sixth day. Dow Jones was down 117.50 points, or 0.66%, while S&P 500 was down 14.25 points, or 0.68%. The Nasdaq Composite was up 9.99 points, or 0.21%. Global stocks have been under duress for a week amid looming uncertainty about the British vote and a focus on central bank policy.

Export of pharmaceutical products from India is likely to cross $14bn mark this year and may reach about $20 bn by 2020, thereby registering a compounded annual growth rate (CAGR) of about eight per cent, according to an ASSOCHAM-TechSci Research joint study.

The Union Minister for Power, Coal and Renewable Energy Piyush Goyal has said that his Ministry is committed to ensuring that every household is electrified and all farmers in the country get adequate and timely power in the country.

Sugar stocks in focus: Government imposed 20% customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.

Godrej Consumer Products: The company is scouting for acquisitions in Indonesia and has shared ‘a wish list of assets’ with various investment bankers as part of its inorganic growth strategy in the South East Asian nation, says report.

McNally Bharat: CCI has approved the proposed amalgamation of McNally Bharat, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering, says report.

Stock Trading Tips - Sensex falls over 250 points; banking, realty drag

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Stock Trading Tips

The BSE Mid-cap Index is trading down 0.61% at 11,336, whereas BSE Small-cap Index is trading down 0.72% at 11,381. The INDIA VIX is up 6.78% at 18.2125.

The stock markets extend losses on the back of selling pressure in realty, telecom, banking, IT, FMCG and capital goods stocks.

The indices slipped tracking negative trend seen in Asian markets after US Federal Reserve and Japan's central bank kept their respective monetary policies steady. The BSE Sensex opened 40.31 points down at 26686.0.3, while Nifty 50 index opened 25.95 points down at 8,180.65.

The S&P BSE Sensex is trading at 26,436 down 289 points, while NSE Nifty is trading at 8,109 down 98 points.

The BSE Mid-cap Index is trading down 0.61% at 11,336, whereas BSE Small-cap Index is trading down 0.72% at 11,381.

GAIL, Wipro, Lupin and Asian Paints are among the gainers, whereas Maruti Suzuki, Bharti Airtel, NTPC, Bajaj-Auto, ITC and Adani Ports are losing sheen on BSE.

All sectors showing weakness on BSE. The INDIA VIX is up 6.78% at 18.2125.

Out of 1,813 stocks traded on the NSE, 1,144 declined, 415 advanced and 254 remained unchanged today.

A total of 56 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.

Sterlite Techn jumped 5% to Rs. 81.4 on Thursday. The company has fixed June 16 as record date for determining eligible shareholders for the proposed demerger, as per reports.

Indian Hotels rallied 2.5% to Rs.130.60 on the BSE amid reports that foreign brokerage house - Morgan Stanley upgraded the stock to overweight from underweight earlier. Morgan Stanley almost doubled the target price for the stock to Rs.160 from Rs.83 earlier.

Maruti Suzuki dropped 3% to Rs.4,077. The stock is top Nifty loser. A strong yen adversely impacts Maruti Suzuki India's operating profit margin. Japanese yen gains beyond 105/$ for first time since Sept 2014 after Bank of Japan kept policy unchanged.

Deccan Cements Ltd rose 3.2% to Rs.854 after the company said in a notice to BSE that ICRA has upgraded the rating of the company to A from BBB+ citing improvement in operational and financial performance of the company in fiscal year 2016.
 

Stock Trading Tips - Opening Bell - Sensex, Nifty rally in early trade

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The S&P BSE Sensex is trading at 26,531 up 135 points, while NSE Nifty is trading at 8,144 up 35 points.
The Indian rupee opened higher by six paise at 66.20/$ against US Dollar on Wednesday as against the previous close of 66.26/$. 
The outcome may be a non-event and the attention of course will shift to the Brexit issue next week. Meanwhile, safe haven asset chase has led to gold hitting a six-month high, rising around 5pc in June itself. On the international front, China received a setback as MSCI is no mood to add China’s local currency shares to its benchmark, which is tracked by money managers with ~ $1.5 tn of assets.
Asian market trading on a mixed note. Nikkei 225 and Hang Seng trading higher.
​
Wall Street ​fell for a fourth straight session as central bank policymakers weighed the health of the US economy. The Dow Jones ​dropped 56.29 points, or 0.32 %, the S&P 500 lost 3.66 points, or 0.18% and the Nasdaq Composite dropped 4.89 points, or 0.1%.
Mahanagar Gas Ltd (MGL), a joint venture between GAIL (India) and BG Asia Pacific Holdings Pte Ltd (BGAPH), will hit the capital market with an initial public offering (IPO), which will open on June 21 and will close of June 23, 2016.

On the political front, Union Cabinet and Cabinet Committee on Economic Affairs will meet today in New Delhi.
Food Minister Ram Vilas Paswan to flag off mobile vans for selling pulses in Delhi, and interact with media about prices of essential commodities.

Maharashtra Minister for Industries Desai and State Bank of India Chairman Bhattacharya to attend event on CII Banking TECH Summit 2016 in Mumbai.

Stock Trading Tips - NIFTY WEEKLY REPORT FOR 13 JUNE TO 17 JUNE 2016

WEEKLY RESISTANCE FOR NIFTY: 8256, 8285, 8330, 8375

PIVOT POINT: 8228

WEEKLY SUPPORT FOR NIFTY :  8183,8138,8109,8007

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WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8245, 8269, 8322,8344

PIVOT POINT: 8220

DAILY SUPPORT FOR NIFTY :  8183, 8145, 8121, 8096

DAILY CHART FOR NIFTY

 

 

Stock Trading Tips 

Sensex opened the week at 25150, made a high of 27009, low of 23002 and closed the week at 26763. Thus it closed the week with a loss of 80 points. At the same time the Nifty opened the week at 8248, made a high of 8318, low of 8171  and closed the week at 8190. "Markets exhibited a burst of volatility intraday on Friday, the indices rallied to the 8,300 levels after opening flat for the day, this upmove sharply reversed to take the markets lower for the day all the way to the 8,170 levels.

KEY EVENTS  

June 15:

FOMC Meeting Two-day meeting, June 14-15,2:00 p.m. ET Industrial Production and Capacity Utilization - G.17 ,9:15 a.m. ET

In overseas stock markets, Asian and European shares edged lower on concerns about global economic slowdown and concerns over the 23 June 2016 referendum that could see Britain exit the European Union. Earlier this week, the World Bank revised its global economic growth forecast for calendar year 2016 to 2.4% from the 2.9% projection in January. Key indices in UK, Germany and France dropped by between 1.68% to 2.25%. The UK government holds a referendum on 23 June 2016 on whether the country should remain a member of the EU. The Organization for Economic Cooperation and Development (OECD) has warned that Britain's leaving the EU the so-called Brexit could send shocks through global financial markets. Brexit would lead to economic uncertainty and hinder trade growth, with global effects being even stronger if the British withdrawal from the EU triggers volatility in financial markets.

MARKET IN CORRECTION MODE, WOULD RESUME UPTREND AFTER A SUFFICIENT CORRECTION

SLUGGISHNESS ON DAILY & WEEKLY CHARTS NIFTY FAILS TO CLOSE ABOVE 8250.

Live Stock Trading Updates - Sensex falls below 250 points; Banking, Realty drag

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Stock Trading Tips

The BSE Mid-cap Index is trading down 0.58% at 11,310, whereas BSE Small-cap Index is trading down 0.62% at 11,292. 

The S&P BSE Sensex is trading at 26,384 down 251 points, while NSE Nifty is trading at 8,103 down 67 points.

The BSE Mid-cap Index is trading down 0.66% at 11,293, whereas BSE Small-cap Index is trading down 0.66% at 11,287.

Dr.Reddy's, Lupin, Cipla, Coal India and Sun Pharma are among the gainers, whereas ICICI Bank, Axis Bank, Tata Motors, SBI and Tata Steel are losing sheen on BSE.

Some buying activity is seen in realty, banking, auto, banking, capital goods, finance, telecom and FMCG sectors, while pharma is showing weakness on BSE.

The INDIA VIX is up 5.13% at 16.7900. Out of 1,794 stocks traded on the NSE,997 declined, 417advanced and 380 remained unchanged today.

A total of 24 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 17 paise at 66.17/$ against US Dollar on Monday as against the previous close of 66.76/$. On the economy front,Industrial output growth in the country disappointed at -0.8% in April 2016, pulled down by the manufacturing sector, which contracted by 3.1% over the same month in 2015. Today government to release May consumer price inflation data.

Asian markets are trading lower ahead of central bank meetings in the US and Japan this week and amid jitters over the upcoming referendum on whether the UK will remain in the European Union. Nikkei 225 and Hang Seng slipped 2.5% each.

​​US markets closed lower on Friday, with the Dow Jones Industrial Average down 0.67% at 17,865.34 points. The S&P 500 was off by 0.92% at 2,096.07, and the Nasdaq Composite lost 1.29% at 4,894.55 points.

India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3. The Reserve Bank of India's reserves increased by $3 billion last week from $360.19 billion a week before, official data showed.

Sheela Foam Pvt. Ltd, which sells mattresses under the Sleepwell brand, plans to raise as much as Rs.500 crore through an initial public offering (IPO) by March, says report.