Weekly Equity Market Update By MarketMagnify

MARKET 0UTLOOK

RANGE BOUND during the week. The Sensex was UP 97.02 points while the Nifty was UP 0.27 % during the week. Nifty was in the range of 10436-10582

The Dow Jones was up 220.74 points, or 0.88 percent, to 25,295.87, the S&P 500 gained 19.16 points, or 0.70 percent, to 2,743.15 and the Nasdaq Composite has also gained 58.64 points, or 0.83 percent, to 7,136.56. With the New Year’s Day holiday falling on a Monday this year, it was the strongest first four trading days to a year in more than a decade for all three major indices, according to Reuters data. For the Dow, it was the strongest start since 2003 and for the Nasdaq and S&P 500 it was the strongest since 2006. The Dow broke above 25,000 for the first time on Thursday, while the S&P closed above 2,700 on Wednesday and the Nasdaq settled above 7,000 earlier in the week.

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Monday Stock To Watch For 8th-January-2018

TECH MAHINDRA

Stock to watch TECH MAHINDRA

We recommended traders to BUY TECH M above 527 level and target of 532-540 may achieved with a stop loss of 520.

 PSP PROJECTS

Stock to watch  PSP PROJECTSWe recommended traders to BUY PSP PROJECTS above 547 level and target of 552-560 may achieved with a stop loss of 540.

 

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