Wednesday Stock Market Commentary

Indian equity benchmark indices started today session on flat note tracking mixed global cues and continues its volatility and sideways movement from previous 2 days. Market was a bit tricky as there was not such a clear trend in Index from last 3 days as market continually trading sideways. But for traders whole world is situated outside index as we have seen mind blowing movement in Nifty IT, reality sector both ended the session with a gain of 2.24% and 1.26% and single brand retail companies as Cabinet approves 100% FDI in single-brand retail & construction through automatic route, FDI can invest in Air India up to 49% through approval route and also eased norms pertaining to aviation sector.

Best Stocks to Buy Tomorrow : 5th-Jan-2018

JUBLIND

We recommended traders to BUY JUBLIND above 265 level and target of 269-275 may achieved with a stop loss of 260.

Stock to Watch for 4th-January-2018

KAJARIA CER

We recommended traders to BUY KAJARIA CER above 740 level and target of 747-755 may achieved with a stop loss of 731

AARTI IND

We recommended traders to BUY GM BREW above 1156 level and target of 1166-1180 may achieved with a stop loss of 1145

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Momentum Stock 15/12/2017

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Market Magnify :- Stock Market Commentary

     

Equity benchmark indices open last day of the week on positive note and traded in a bullish trend for the rest of the day. Benchmark indices ended the week on strong note after RBI monetary policy changes the trend of the market. Sensex closed at 33250.30 up by 301.09 points at 32832.94 and Nifty future closed 87.05 points up at 10290.

Only Media and PSU bank ended in red and rest of the indices closed in green today in which FMCG gained most by 2.36%

HPCL, ITC and BPCL were the top gainers, while Bharti Infratel, GAIL and Zeel and Coal India lost the most.

As we said in our Nifty future report downward movement of nifty future will not last long and market will began its bull run soon. Equity indices have given very strong closing this week and which will be continuing till next week. On Monday market will be in bullish trend and major resistance level which nifty future have to face is around 10360-10380 which will be crucial for market. we like to advise traders and investors to remain in bullish trend and to follow buy on dips strategy and be stock specific and to do proper study before investing.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10210 and 10070.

Resistance of Nifty future is placed at 10380 and 10440.

Support of Bank Nifty future is placed at 25220 and 25950.

Resistance of Bank Nifty future is placed at 25400 and 25660.

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SELL ZINC DEC BELOW 199.5 TG1-199 TG2-198.5 TG3-197.8 SL 200.85

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