MARKETS - DEC 28th Week
Dec 28th Week Nifty Performance
The Nifty continued its advance and ended last week of 2015 with gains of 1.25%.
As of now, the Nifty is just short of the psychological mark of 8,000.
It may face some resistance here on an immediate basis. But if bulls are able to weather the selling pressure here, then upside till 8,200 could be a possible.
Last Week News and Highlights:
1) Japan's industrial output fell for the first time in three months during the month of November. This was seen as exports fell more than expected and households spent less. Data pointed out that industrial output fell 1% in November from the previous month. This was as against the forecast of a 0.5% drop.
2)Jobless claims in the US increased to their highest levels since July. Jobless claims jumped by 20,000 to 287,000 in the week ended December 26, a report from the Labor Department showed.
Recommendations Techno Funda Picks for week Jan 3rd Week:
Disclaimer : Our content is intended to be used and must be used for informational purposes only.
The strategy may not be suitable for you.You may take independent decision at your own risk.
The Nifty continued its advance and ended last week of 2015 with gains of 1.25%.
As of now, the Nifty is just short of the psychological mark of 8,000.
It may face some resistance here on an immediate basis. But if bulls are able to weather the selling pressure here, then upside till 8,200 could be a possible.
Last Week News and Highlights:
1) Japan's industrial output fell for the first time in three months during the month of November. This was seen as exports fell more than expected and households spent less. Data pointed out that industrial output fell 1% in November from the previous month. This was as against the forecast of a 0.5% drop.
2)Jobless claims in the US increased to their highest levels since July. Jobless claims jumped by 20,000 to 287,000 in the week ended December 26, a report from the Labor Department showed.
Recommendations Techno Funda Picks for week Jan 3rd Week:
| Stock | Rec Date | Rec Price | CMP | Return | Remarks |
| BIOCON | 27-12-2015 | 507.55 | 518.1 | 2.08 | |
| KARURVYSYA | 27-12-2015 | 479.6 | 491 | 2.25 | |
| VAKRANGEE | 27-12-2015 | 176.65 | 174.95 | -0.34 | Exit from this stock.Volume is decreasing |
| CUB | 02-01-2016 | 92.3 | 92.3 | ||
| JAGRAN | 02-01-2016 | 159.7 | 159.7 |
Weekly Support and Resistance Levels
| Stock | S3 | S2 | S1 | PP | R1 | R2 | R3 |
| BIOCON | 448.92 | 463.08 | 485.57 | 499.73 | 522.22 | 536.38 | 558.87 |
| CUB | 86.05 | 88.1 | 89.8 | 91.85 | 93.55 | 95.6 | 97.3 |
| JAGRAN | 150.72 | 153.38 | 155.87 | 158.53 | 161.02 | 163.68 | 166.17 |
| KARURVYSYA | 471.43 | 476.72 | 484.38 | 489.67 | 497.33 | 502.62 | 510 |
Stop Loss: Used Support 1 (S1) as Stop Loss for all stocks.
Stocks for 2016
Filters used for stock picking is based on Altman ZScore,the Piotroski F-Score, the Modified C-Score and reasonable valuations. If you need more details give your name and mail id in comments.
Stocks for 2016
Filters used for stock picking is based on Altman ZScore,the Piotroski F-Score, the Modified C-Score and reasonable valuations. If you need more details give your name and mail id in comments.
| Stock | Sector | CMP as on 1st Jan 2016 |
| National Aluminium Co. | Metals | 40.3 |
| SJVN | Energy | 31.6 |
| NHPC | Energy | 21.25 |
| Welspun India | Textiles | 912 |
| Navneet Education | FMCG | 95.05 |
| Sun TV Network | Services | 430 |
| DB Corporation | Services | 326.85 |
| Bharat Electronics | Engineering | 1379.85 |
| Motherson Sumi Systems | Automobile | 297.2 |
| Bharat Forge | Automobile | 885 |
| Century Plyboards (India) | FMCG | 173.6 |
| Maruti Suzuki India | Automobile | 4635 |
| Cadila Healthcare | Healthcare | 332.3 |
| Great Eastern Shipping Co. | Services | 37.1 |
Disclaimer : Our content is intended to be used and must be used for informational purposes only.
The strategy may not be suitable for you.You may take independent decision at your own risk.
Comments
They ended on a weak note after China's Shanghai Composite Index closed 7% lower on Monday, where trading was halted prematurely after weak manufacturing data sent shares plummeting. The sentiments were also hurt by surge in crude oil prices.
The BSE-Sensex closed lower by 538 points, while the NSE Nifty closed lower by 172 points.
Even though today nifty is down by 171.9 points , our portfolio is up by 0.6 % .