Nifty-50 tests 7,450; Kitex Garments falls 3% 27 Jan, 2016

Market update : Today, the S&P BSE gains after rallying over 100 points in morning trade. Click Here For Options tips .The fell down in the index was led by losses in L&T, Coal India, ITC,  HDFC Bank and State Bank of India.

The Nifty-50 too came into pressure and but was still trading above its critical support level of 7400, supported by gains in power, consumer durable, and Pharma stocks.

Shares of companies like - Tata Motors went high around 2 per-cent while that of Sun Pharma earned 1 per-cent in early trading. In the meantime, Kitex Garments slipped 3 per-cent.

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Jaitley hopeful for GST Bill news & commodity tips for 2 Jan, 2016

After striking the Congress wall in two back to back Parliament sessions, Finance Minister Arun Jaitley today exuded confidence that landmark GST Bill will be passed in the up coming session as numbers in the Rajya Sabha will tilt in favour of the new indirect tax regime.

The up coming session is about to be extremely important and half way through the next period, the numbers of the Upper House are also going to change. Therefore, I am reasonably optimistic, as far as the next session is concerned, that we may be able to strike it through. Parliament's Budget session will start in last week in month of February.

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Today's stock market tips & prediction 29 Dec, 2015

Today, the Indian market is expected to trade high, tracking positive trend seen in other markets of Asia.

If we see at the overall scenario & structure of the markets, the odds are quite high that we would actually breach its newely peak of 7,950 level, BSE 6.19 %.

Importantly like you mentioned, we have seen a very good recovery from the Dec lows & looking at the complete formation, the prices are also at present trading above its short term moving averages.

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Nifty -50 below 7,750; Sun Pharma sinks 7% 21 Dec, 2015

The 30-share index regained some of the morning losses, but still trading at 25,480, down 40 pts or 0.15 per-cent. It attained a high of 25,487.91 and a low of 25,413.54 in morning trade.

The Nifty-50 was at 7,755 down 7 pts or 0.10 per-cent. It reached a high of 7,758.50 and a low of 7,733.45 in the first 30 mins of trade.

The S&P BSE Midcap Index went up 0.36 per-cent and BSE S&P Smallcap Index was trading 0.23 per-cent higher.

Hindalco (up 1.2 per-cent), Tata Motors (up 0.95 per-cent), Lupin (up 1 per-cent), and HDFC (up 0.82 per-cent) were among the major Sensex gainers.

Sun Pharma (down 6 per-cent), Infosys (down 1.01 per-cent), Wipro (down 0.78 per-cent), HUL (down 0.42 per cent), and TCS (down 0.25 per-cent) were among the major Sensex losers.

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Today INR has some gains, Nifty, Sensex market opened down

Currency Update : The INR(Indian rupee) reversed its some gains seen in previous session. The currency unlocked at 66.48 per dollar on Friday, down 6 paise compared to 66.42 a dollar in preceding session. It closed at over 3-week closing high yesterday.

Today, the market has unlocked low after surging yesterday. The Sensex is down by 59.71 pts at 25744.07 and the Nifty went down 15.45 pts at 7828.90.

Around 326 shares have advanced, 223 shares went down, and 40 shares remains same. Bajaj Auto, TCS, Vedanta, M&M & Dr. Reddy's Labs are major losers while HDFC, Maruti, NTPC and Hindalco are top most gainers in the Sensex.

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Top ten Headlines Of Stock Market On 26 Nov 2015

• Bank Nifty; mkt has strong support at 7700: PhillipCap.
• Lumax Auto up 15% on JV with Italian co for defence space.
• Hero MotoCorp up 1%; Bain to exit from co via block deal.
• Good response to Indian made brands in Bihar:Globus Spirits .
• Commerce & Industry Ministry for cut in import duty on gold.
• Govt reaching out to Opposition a positive:
• Dr Reddy's tanks 10% on USFDA warning:
• Ola ropes in former Infosys CFO Rajiv Bansal to head finance
• India & China remain largest overweight, says Macquarie
• China allows 1st foreign institutions into interbank FX m

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WEEKLY MARKET ANALYSIS FOR MAY 18, 2015

NEWS INSIGHT
 Wall Street drifts, S&P 500 ticks up to record
 Petrol price hiked by Rs 3.13 a litre, diesel Rs 2.71/L
 Former employee sues Wipro in US on wage issues
 India, China sign 24 key agreements
 Rupee sees smart recovery, firms up against US dollar
 ABG slumps 3%; firm has defaultd on restructured loan
 MCX rallies 6% as Q4 net profit rises 13% to Rs 49 cr
 NBFCs can cut forward deals in corporate bonds: RBI

NIFTY ANALYSIS
 Positional Support for NIFTY 8086
 Positional Resistance of NIFTY is 8430
 Immediate resistance for NIFTY is 355
 Intraday Support of NIFTY is 8160
 Oscillator Analysis: Market is recovering from the psychological
level of 8000. Fall in stock is also less in comparison to index and
positivity shown by market on Friday can be considered as trend
reversal.
 Buy on dips strategy can be followed with proper strop loss.

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