Today we had witness negative movement in Indian market mainly due to global market on trade war issues along with further weakness in Turkish lira and depreciating Indian rupee. IT and Pharma are the only sectors to trade in green today, with total advances of 573 shares 1179shares decline today and 326shares remain unchanged.Tuesday market is expected to trade in sideways movement with major support of Nifty future is around the level of 10340-10355 followed by 10200 and for Bank Nifty future is around 27800 followed by 27600.Do not worry for the opportunities as day traders will get opportunities in stock specific movement and swing traders just need to hold in this market and wait for the right time to entre. » Read more
Market once again open trade and close at record high, market is now trading near to the target zone which we had suggested earlier (11510-11530). Now market is slowly entering the red alert area as also P-E ratio of Nifty is around all time high which also suggest that market is overweight, from current point we suggest you to book profit at regular intervals and keep your holding (swing traders) at minimum level.Overall trend of market is still bullish and correction is part of trend and we are suggesting that we might see correction in the market not trend reversal, which are altogether different. » Read more
Indian market has being sideways movement from last 2 days and every time market goes down but at the end closed near to its open price. Which suggest, both bulls and bears are playing tight and equal in the market. As market is at all time high, it is earlier to say that market trend is changing. We have to wait for the right time as still Nifty future has not tested its resistance level (11510-11530) which we are frequently saying in our last few commentaries. We are still bullish in the market and we expect that on Wednesday market may test 11500 level and Bank Nifty future may test 28150-28250 level. » Read more
After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400. The Sensex managed to end the session just short of 37,700-mark.The Sensex closed up 135.73 points or 0.36% at 37691.89, while the Nifty ended 26.30 points higher at 11387.10. The market breadth was narrow as 1,605 shares advanced, against a decline of 1,121 shares, while 176 shares were unchanged.Banks led the gainers’ chart among all sectoral indices, while auto, energy and metals followed suit as well. In the broader markets, midcaps ended the day around half a percent higher. » Read more
Expiry day of July month has been remembered for PSU Banks and Bank Nifty future. Technically it has been trading in a channel pattern from mid of May 2018 and today it has given breakout of the channel resistance level. The closing of the bank nifty future index suggest buying movement is not over yet and we may witness more of it. As once again Sensex and Nifty future breaks its record high but Bank nifty future still trading 250 points below its record high mainly because of poor performance of PSU banks. Most of the PSU banks close with more than 4% gain today. » Read more
After consolidation movement in first half, Sensex close at record high and Nifty future closes above its key level 11080. All sectoral indices except energy and IT, ended today in the green. Among stocks, ITC, Vedanta and UPL were the top gainers, while Hero Moto Corp and Bajaj Auto lost the most. Today Nifty future has given breakout of 7 days sideways to consolidation movement on closing basis. As we are saying from past few days market is in bullish and this will continue to Tuesday market as well, with stocks participating in the rally next target of Nifty future will be 10250 this week and this time stocks will give you opportunity to trade and earn. With the support of 11020-10930 you may see Nifty future at 10250-10320 level soon, with India VIX closes 4.32% today we can see strong buying in Indian market » Read more
NOTE : BOTH OF OUR PREVIOUS CALLS OF RELIANCE FUTURE AND REC LTD FUTURE HAS ACHIEVED THEIR ALMOST TARGETS AND WE HAVE MADE GOOD PROFIT IN THAT..
WE HAVE BOOKED TOTAL PROFIT OF 42000 IN REC & TOTAL PROFIT OF 55300 IN RELIANCE.
Indian market was trading in sideways movement throughout the day and Nifty future was sustaining above the crucial level of 10930, which was positive that we can takeout from today.Finance Minister today started meeting on improving Real Estate projects and in this meeting Non banking housing finance companies are also included which will act as positive for the sector. Let’s see how this company responds on Friday market.Talking about Index, both bank nifty future and nifty future are expected to trade in sideways to positive movement and still 10930 will act as a crucial support for Nifty future and breakout of 10930 will bring Nifty future down towards 10880-10850 and 11000 will act as immediate resistance for Nifty future and breakout of 11000 levels will bring Nifty future up to 11070. Both MACD and RSI are showing positive signals.Strategy to be followed on Friday market is buying on dips. » Read more
Market has been under pressure today after consolidating in higher levels because of political concerns which drag Nifty future down towards intraday low of 10955 but still market has given closing above 23 points from intraday low and for Thursday market is expected to trade in its original that is bullish trend and has a crucial support around 10930 levels.If Nifty future break 10930 then it may test 10880-10820 levels and if Nifty future sustain above 10980 levels then it may test 11050-11070 levels on Thursday market
Sector to be watch for Infra: Major result tomorrow- Bajaj Finance, Bajaj Finsv, DB corp, Kotak Mahindra Bank, RBL Bank
We aspect Nifty future to trade in range of 11125-10850 on Thursday with bullish movement » Read more
Market was trading in its primary trend that is bullish trend for most of the day with 1038 shares advances, 712 shares decline and 316 shares remain unchanged in today session. Despite positive result of HUL shares were ended in nearly 4% loss because of price were fairly overvalued before result.On Wednesday market will likely to trade in its primary trend and now shares of almost all sectors taking part in the rally which will provide opportunity to earn handsome profit in the market. » Read more
As we said in our video that market may correct from current levels because stocks are not participating in the rally of Nifty and Bank Nifty future and it is sign that market may correct soon. Overall Nifty future has given breakout of 8 weeks consolidation which suggest that market is in bullish trend but some breakout will test their breakout level again and in this case the level is 10880-10820. » Read more
Today Sensex made a new all time high and also Nifty future sustain and closes above crucial 11000 level but most of the stock has not participate in this rally as today Advance Decline ratio was once again negative with 754 stocks advances and 981 stocks decline today . Reliance Ind was today’s top gainer which gain more than 4% today and help Index to gain today. » Read more