Weekly Update
Nifty weekly performance:
On Friday, the BSE Sensex closed lower by 318 points, and the NSE Nifty closed lower by 99 points. Midcaps and smallcaps fared the worst. While the S&P BSE Mid Cap index closed lower by 2.7%, the S&P BSE Small Cap index closed with losses of 3.1%. Losses were largely seen in power and realty stocks.
Nifty slided below the psychological mark of 7,500 and closed at an 18-month low of 7,437. The intraday oscillators are moving back in the bearish territory after a minor pullback suggesting bears are likely to keep prices under check on an immediate basis. All the bullish advances met selling pressure around 7,600 during the week. This level will act as a strong resistance going forward.
Technically there is a big support at 7150-7200 which is 61.8% retracement of previous rally from 5933 to 9116.
Weekly News and Highlights:
1) During the week, in India it was reported that India's demand for fuel rose 8.3% during the month of December on a YoY (year-on-year) basis.
2) China's December exports fell 1.4% from a year earlier, moderating from November's 6.8%.
3) Going further, data showed that UK industrial and manufacturing production dropped sharply in November. Industrial production fell 0.7% in November from the previous month. This was recorded as the biggest drop since January 2013. Manufacturing production fell 0.4% compared with October.
The Bank of England (BoE) met for its first monetary policy meeting of the year on Thursday and voted 8-1 to hold rates at a record low of 0.5% It also left its US$540 billion asset purchase program untouched.
Also view below links
1) China Stock market crash explained
2) Crude oil Prices hits seven year lows
Performance of Recommendations
Last weeks all our recommendations initially went up but later hit stop loss.
On monday HFCL closed at 24 (5%) up ,JAGRAN closed at 168.4 (5% up) .
We are working on our strategies.
FIIs were net seller of Rs.9666.06 crores whereas DIIs were net buyers of 7866.30 crores during this month.
Applying our methodologies we have filtered Rajesh Exports and Yes Bank since technically not looking strong we are not recommending ,so we will wait for signal and update during this week.
Closed Trades
On Friday, the BSE Sensex closed lower by 318 points, and the NSE Nifty closed lower by 99 points. Midcaps and smallcaps fared the worst. While the S&P BSE Mid Cap index closed lower by 2.7%, the S&P BSE Small Cap index closed with losses of 3.1%. Losses were largely seen in power and realty stocks.
Nifty slided below the psychological mark of 7,500 and closed at an 18-month low of 7,437. The intraday oscillators are moving back in the bearish territory after a minor pullback suggesting bears are likely to keep prices under check on an immediate basis. All the bullish advances met selling pressure around 7,600 during the week. This level will act as a strong resistance going forward.
Technically there is a big support at 7150-7200 which is 61.8% retracement of previous rally from 5933 to 9116.
Weekly News and Highlights:
1) During the week, in India it was reported that India's demand for fuel rose 8.3% during the month of December on a YoY (year-on-year) basis.
2) China's December exports fell 1.4% from a year earlier, moderating from November's 6.8%.
3) Going further, data showed that UK industrial and manufacturing production dropped sharply in November. Industrial production fell 0.7% in November from the previous month. This was recorded as the biggest drop since January 2013. Manufacturing production fell 0.4% compared with October.
The Bank of England (BoE) met for its first monetary policy meeting of the year on Thursday and voted 8-1 to hold rates at a record low of 0.5% It also left its US$540 billion asset purchase program untouched.
Also view below links
1) China Stock market crash explained
2) Crude oil Prices hits seven year lows
Performance of Recommendations
Last weeks all our recommendations initially went up but later hit stop loss.
On monday HFCL closed at 24 (5%) up ,JAGRAN closed at 168.4 (5% up) .
We are working on our strategies.
FIIs were net seller of Rs.9666.06 crores whereas DIIs were net buyers of 7866.30 crores during this month.
Applying our methodologies we have filtered Rajesh Exports and Yes Bank since technically not looking strong we are not recommending ,so we will wait for signal and update during this week.
Closed Trades
| STOCK | Rec Date | Rec Price | CMP | Return | Remarks |
| JAGRAN | 02-Jan-16 | 159.7 | 158.87 | -0.52 | Stop loss hit. |
| HFCL | 10-Jan-16 | 22.85 | 18.9 | -17.29 | Stop loss hit. |
| SJVN | 10-Jan-16 | 32.5 | 29.83 | -8.22 | Stop loss hit. |
| BIOCON | 27-Dec-15 | 507.55 | 518.1 | 2.08 | Exit .(10 -Jan) |
| KARURVYSYA | 27-Dec-15 | 479.6 | 481.3 | 0.35 | Exit .(10 -Jan) |
| VAKRANGEE | 27-Dec-15 | 176.65 | 174.95 | -0.96 | Exit . (02 -Jan) |
| CUB | 02-Jan-16 | 92.3 | 89.6 | -2.93 | Stop loss hit. |
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