Monday, 4 January 2016


Today’s Stock Recommendation

Technical Overview: Stock recommendation for 4/1/2016 is JKTYRE. In today’s trading session it was up by 4.37%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 110. All the indicators are suggesting that one can go for long position in this stock above 117 levels. The stock may test level of 121-125 in coming days.

BUY RELINFRA FUTURE ABOVE 601 TG1 602.2 TG2 603.75 TG3 606.1 STOPLOSS 597.5

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The market started off year 2016 as well as January series on a positive note with the Nifty closing at two-month high on Friday while the broader markets outperformed benchmarks. Nifty future up 29 points at 7982.
The 30-share BSE Sense up 43 points at 26160. The market breadth was strong as about 1988 shares advanced against 844 declining shares on the BSE.
After hitting the Congress wall in two successive Parliament sessions, Finance Minister Arun Jaitley today exuded confidence that landmark GST Bill will be passed in the next session as numbers in the Rajya Sabha will tilt in favour of the new indirect tax regime.
Maruti Suzuki has registered a 8.5 percent growth in December sales, beating expectations on support from compact, super compact and utility vehicles. The country's largest car maker sold 1.19 lakh units in December against 1.09 lakh units in a year-ago month
Foreign market were closed on Friday due to 1st day on year 2016 .
A stormy equity rout, landmark currency depreciation, unprecedented state intervention, surprise interest rate cuts and circuit breakers: It's been a year to remember for Chinese financial markets.
2015 was the hardest year in US to make money in 78 years. According to data from Societe Generale, the best-performing asset class of 2015 has been stocks, whose meager 2 percent total return (that is, including dividends) still surpasses those of long-term bonds, short-term Treasury bills and commodities.

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