Weekly Review for the Week 25 th Jan - 29th Jan 2016
Nifty weekly performance (18th Jan - 22 Jan):
On Friday, Indian equity markets started the day on a positive note and continued this trend throughout the day on the back of persistent buying activity.While the BSE Sensex closed higher by 473 points, the NSE Nifty closed higher by 146 points. S&P BSE Midcap and S&P BSE Smallcap also closed on a strong note with the indices up by 1.9% and 2.3% respectively. Nifty staged a stellar comeback on the last day of the week. It has closed up by 145 points .
Nifty Prediction :
=>Tuesday 26th Jan is Holiday for Indian markets and 28th Jan Thursday is closing of Jan futures .
=>By looking at weekly technical charts of Nifty: It has formed dogi candlestick need to wait for one more week to decide the short term nifty trend.
=>We conveyed in previous article that Liquidity is current major reason for Indian markets down fall, FIIs continued to be net sellers and till this trend continues, there cannot be a big rally. They have sold 13500 crores in Jan with the DIIs buying 11500 crores. There are 4 trading days to go in Jan and if this trend continues it would be the largest monthly outflow since August and September.
Friday bounce was trap for retail markets , to confirm this we need watch monday FII's data.
=> In 7th Jan article we informed - FII's bought 40 lakh put options .
=>The support for Nifty is it 7379-7284-7138 and the resistance to the up move is at 7525.
=>We except Nifty may close around 7300.
=>Stay cautious - It is high volatile markets .
Weekly News and Highlights:
=> US retail sales declined during the month of December. It fell 0.1%, thereby ending the weakest year since 2009. Sales at retail stores and restaurants fell 0.1% from the previous month .
=> China released its gross domestic production (GDP) data. The numbers came in line with the estimates. The world's second-largest economy grew by 6.8% in the December quarter, slipping from the third quarter's 6.9% growth.
Full-year growth came in at 6.9%. This was marked as lower from 2014's 7.3%, and the slowest pace of economic expansion since 1990.
Recommendations Techno Funda Picks :
Nifty Prediction :
=>Tuesday 26th Jan is Holiday for Indian markets and 28th Jan Thursday is closing of Jan futures .
=>By looking at weekly technical charts of Nifty: It has formed dogi candlestick need to wait for one more week to decide the short term nifty trend.
=>We conveyed in previous article that Liquidity is current major reason for Indian markets down fall, FIIs continued to be net sellers and till this trend continues, there cannot be a big rally. They have sold 13500 crores in Jan with the DIIs buying 11500 crores. There are 4 trading days to go in Jan and if this trend continues it would be the largest monthly outflow since August and September.
Friday bounce was trap for retail markets , to confirm this we need watch monday FII's data.
=> In 7th Jan article we informed - FII's bought 40 lakh put options .
=>The support for Nifty is it 7379-7284-7138 and the resistance to the up move is at 7525.
=>We except Nifty may close around 7300.
=>Stay cautious - It is high volatile markets .
Weekly News and Highlights:
=> US retail sales declined during the month of December. It fell 0.1%, thereby ending the weakest year since 2009. Sales at retail stores and restaurants fell 0.1% from the previous month .
=> China released its gross domestic production (GDP) data. The numbers came in line with the estimates. The world's second-largest economy grew by 6.8% in the December quarter, slipping from the third quarter's 6.9% growth.
Full-year growth came in at 6.9%. This was marked as lower from 2014's 7.3%, and the slowest pace of economic expansion since 1990.
Recommendations Techno Funda Picks :
| STOCK | Rec Date | Rec Price | CMP | SL | Return |
| RAJESHEXPO | 25-Jan-16 | 714.55 | 714.55 | 691.00 |
Rec Price = Re-commanded Price , Rec Date - Re-commanded , CMP = Current Market Price , SL = Stop Loss
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The strategy may not be suitable for you.You may take independent decision at your own risk.
The strategy may not be suitable for you.You may take independent decision at your own risk.
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