Today’s Stock Recommendation

Sensex, Nifty continue to fall 1%; Reliance, Axis, NTPC gainers Tata Steel, Hindalco, Bharti Airtel, Coal India and BHEL are losers while NTPC, Reliance, Axis Bank and Maruti Suzuki are among gainers in the Sensex.

Today’s Stock Recommendation

Technical Overview: Stock recommendation for 11/1/2016 is Abirlanuvo ltd. In today’s trading session it was up by 3.83%. 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 2528. All the indicators are suggesting that one can go for long position in this stock above 2560 levels. The stock may test level of 2600-2640 in coming days.

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INDIAN MARKET OVERVIEW

Equity benchmarks snapped four-day losses on Friday with the Nifty future closing above 7600-mark, supported by short covering in index heavyweight. Nifty future up 23 points at 7605.

The 30-share BSE Sense rose 84 points at 24934. The market breadth was strong as about 1948 shares advanced against 821 declining shares on the BSE.

Reserve Bank Governor Raghuram Rajan has made out a case for more powers to banks to deal with stressed loans in absence of an efficient bankruptcy law.

Shares of Sun Pharmaceutical Industries have rallied 2.7 percent in early trade Friday. CLSA has maintained buy rating on the stock as it expects 72 percent year-on-year growth in FY17 earnings per share of the company.

 GLOBAL MARKET OVERVIEW

Asian markets rallied briefly after China opened in positive territory but some major markets were back in the red soon after

The Shanghai Composite was up as much as 3 percent shortly after the market open before sliding into negative territory, down 1.61 percent. Shenzhen Composite was down 3.7 percent while CSI 300 index erased gains to trade down 1.38 percent.

China is playing a dangerous game with its currency, moves that could send the global economy into recession. China's control-minded central bank allowed the biggest fall in the yuan in five months on Thursday, roiling global markets and sparking new fears about Asia's largest economy.

BUY RELINFRA FUTURE ABOVE 601 | INDIAN MARKET OVERVIEW TODAY

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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INDIAN MARKET OVERVIEW

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

GLOBAL MARKET OVERVIEW

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.

SELL LNT FUTURE BELOW 1281 @ Live Stock Future Tips By sms

BUY SUNTV 420 JAN CALL ABOVE 20 TG1-20.50 TG2-21 TG3-22 STOPLOSS 18.85

SELL LNT FUTURE BELOW 1281 TG1 1276.8 TG2 1270.95 TG3 1262.6 STOPLOSS 1296

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Today’s Stock Recommendation

Technical Overview: Stock recommendation for 31/12/2015 is Jet airways ltd. In today’s trading session it was up by 1.61%. 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 649. All the indicators are suggesting that one can go for long position in this stock above 660 levels. The stock may test level of 680-700 in coming days.

Market Update

Bears took charge on Wednesday as the market saw selling pressure in last couple of hours of trade today, weighed down by technology, banking & financials and select oil stocks. Nifty future down 30 points at 7901.

The 30-share BSE Sense down 119 points at 25960. The market breadth was slight strong as about 1365 shares advanced against 1299 declining shares on the BSE.

Shares of Tata Power Company rose 2.2 percent intraday Wednesday as the Tata Group Company is likely to see reduction in interest cost post refinancing of rupee loans.

Stocks of state-controlled lender IFCI rose 4.3 percent on news that the company has sold partial stake in National Stock Exchange (NSE). The stock hit an intraday high of Rs 28.05, its highest level since December 4.

GLOBAL MARKET OVERVIEW

Asian shares glided higher in early trading on Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in crude oil futures will dent sentiment.

On Wall Street, major US indexes each gained more than 1 percent. All 10 major S&P sectors ended with gains, led by a 1.34-percent rise in the technology sector.

Today’s Stock Recommendation

Sensex slips over 100 points from day’s high, Nifty below 7,770

The BSE Sensex slipped over 100 points from day’s high. Sensex was up 64.37 points at 25,558.74. The index had touched a high and low of 25,659.32 and 25,551.79, respectively, in trade so far. 
On the US Fed rate hike, Nikhil Kamath, director, trading & risk, Zerodha said, “With the increase in rates, the Fed has finally aligned its intent and action. I think they have made it amply clear that further rate hikes would be ‘gradual’ and well spaced, which probably means to say we may get to see another marginal uptick in rates toward the end of 2016. The markets have already factored in yesterday’s hike, and I suppose the participants would be happy that the event is through. We may even witness a rally in the market. The focus in now back on domestic macro factors.” 
The S&P BSE Midcap Index was up 0.77 per cent and BSE S&P Smallcap Index was trading 0.95 per cent higher. 

Today’s Stock Recommendation

Technical Overview: Stock recommendation for 17/12/2015 is HDFC ltd. In today’s trading session it was up by 1.03%. Its long term trend is up. It has made a small green candle indicating further buying in daily chart. Its short term support level is 1165. All the indicators are suggesting that one can go for long position in this stock above 1220 levels. The stock may test level of 1250-1300 in coming days.

An intraday trading guide for the day 
Currently Nifty is going through a final leg of bearish shark pattern, which suggests a pullback towards 7850-7900 i.e. potential reversal zone for the pattern.
The same coincides with the downward sloping trendline on the larger timeframe.

Only a weekly close above 7765 would suggest index has made a short-term bottom at Monday's low of 7551. 

Indian Rupee UpdateThe Indian rupee has opened at 1 week high on Thursday due to weakness in dollar after Federal Reserve hiked interest rates by 25 basis points (the first rate hike in last seven years). The currency rose 11 paise to 66.62 a dollar compared to 66.73 per dollar in previous session.
GLOBAL MARKET OVERVIEW  

Asian stocks gained early on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in US interest rates, while the dollar held to large gains made as Treasury yields picked up.

The The Dow Jones industrial average rose 156 points to 17525, the S&P 500 gained 21 points to 2043 and the Nasdaq Composite added 43 points to 4995.

The dollar was steady at 121.67 yen, pulling further away from a six-week trough of 120.35 struck Monday. The euro traded near USD 1.0900 after recoiling from a seven-week peak of USD 1.1060.

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Stock recommendation for 07/12/2015

Sensex rallies over 100 points on GST hope, Nifty50 reclaims 7,800; Sun Pharma up 2% 
The S&P BSE Sensex traded rangebound after surging over 100 points in the morning trade on Monday tracking similar gains seen in other Asian markets.
The Nifty50 was testing its crucial psychological level of 7,800.

The broader market outperformed the benchmark indices with the BSE midcap and BSE smallcap indices gaining 0.16 and 0.6 per cent, respectively. Among the sectoral indices, the BSE Healthcare index was the top gainer up 0.73 per cent. The overall sentim ..
Anil Ambani's Reliance Communication today informed the bourses its decision to sign non-binding agreement with Tillman and TPG to sell its tower unit Infratel for an enterprise value of Rs 22,000 crore. GMR Infra plans to raise about Rs 2,000 crore through foreign currency convertible bonds (FCCBs), which will be issued as 60-year-old perpetual bonds.Shares of Essar Oil and Titan will remain in focus on Monday. Essar Oil Ltd, India’s second biggest non-state oil refiner, on Saturday issued a public notice to delist the company from local bourses by buying out the non-promoter shareholding of 28.54 per cent at Rs 146.05 per share.Tata Sons, the promoter of major operating companies of the Tata group, will acquire additional 0.22 per cent stake in Titan Company at an estimated price of over Rs 66 crore, taking its total holding to 19.80 per cent.  
GLOBAL MARKET OVERVIEW
Asian equities traded lower on Friday, after Wall Street closed in the red as investors digested comments from the Fed and the European Central Bank (ECB).
The Nikkei 225 fell 1.92% while the Shanghai Composite eased 0.92% and the S&P/ASX 200 dropped 1.72%.
The Dow Jones Industrial Average ended 252 points lower at 17,478 while the S&P 500 was down 30 points at 2,049. The Nasdaq was down 86 points at 5,038
Data released on Thursday showed initial US jobless claims for last week rose but remained at levels consistent with a strengthening labor market.
 
Today’s Stock Recommendation
Technical Overview: Stock recommendation for 07/12/2015 is Emami ltd.. In today’s trading session it was up by 1.58%. Its long term trend is up. It has made a green candle indicating further buying in daily chart. Its short term support level is 989. All the indicators are suggesting that one can go for long position in this stock above 1010 levels. The stock may test level of 1025-1050 in coming days.
 
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