01 SEP-17 DAILY POSSIBLE ACTION

INDIAN STOCK MARKETS : SEPTEMBER SERIES DAILY STUDY REPORT

US MARKETS: DOW UP 58 POINTS NASDAQ UP 60 POINTS

EUROPE: DAX CLOSED IN POSITIVE WITH 50 POINTS, BUT RECOVERED 0.7% OF THE FALL (-177) IN TWO DAYS

ASIAN MARKETS: MILDLY POSITIVE

SGX NIFTY CURRENTLY SUGGESTING: + 3 POINTS

MACRO ECONOMIC NEWS: Q-1 GDP IS @ 5.7% IS CONTINUOUSLY DECLING TO TOUCH 3 YEAR LOW

CORPORATE EARNING ARE OK BUT THEIR INVESTMENTS ARE NOT COMING DUE TO BAD DEBT ISSUES, IS LIMITING THE GROWTH EXPANSION

COMPANY SPECIFIC NEWS:

DR REEDY GOT FAVOURABLE NEWS

RANBAXY SINGH BROTHERS ISSUE EFFECT FORTIS, ALREADY LOST 5.44% YESTERDAY.

IMPORTANT DISCLAIMER: 

• STOCK TRADING LOOKS EASY AND REWARDING BUT ACTUALLY A HIGH-RISK VENTURE AND TRADERS ARE MOST TO LOSE, DEMANDS CALM MIND AND PSYCHOLOGICAL BALANCE. 
• IT IS A CHALLENGING JOB DUE TO PRECISION IN TIMING AND LIMITED CAPITAL AVAILABLE WITH RETAIL TRADERS.
• SO ALWAYS CONSULT YOUR EXPERT ADVISOR AND NEVER FORGET TO MAKE YOUR STUDY TO GET SUCCESS.
• NOT TO DISCOURAGE BUT REQUEST PARTICIPANTS TO DEDICATE REASONABLE TIME & ENERGY TO EMPOWER THOSE MOST REQUIRED QUALITIES TO MAKE HUGE WEALTH CREATION FROM MARKETS.

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POSSIBLE ACTION AS PER MY STUDY: CONSIDER FOR EDUCATION

NIFTY: SUPPORT: 9885 & 9856 and RESISTANCE:  9946 & 9972          

BANK NIFTY: SUPPORT: 24230 & 24185 and RESISTANCE: 24490& 24560                         

RELIANCE: SUPPORT:1576, 1572 and RESISTANCE: 1606-08         

AXIS BANK: SUPPORT: 494-92 and RESISTANCE:  506-08, crosses 516-18 in due course.          

YES BANK: SUPPORT: 1732-28 and RESISTANCE: 1758-62, 1773          

ICICI BANK: SUPPORT: and RESISTANCE:            

SBIN SUPPORT: and RESISTANCE:            

RELCAPITA SUPPORT: 801-03 and RESISTANCE: 816-21, stock is very strong may touch 860, may consider a buy from 782-78          

REL INFRA: SUPPORT: 491-89 and RESISTANCE: 516-18            

CENTURY TEX: SUPPORT: 1208-16 and RESISTANCE: 1248-52, likely to cross yearly highs soon, no shorting advisable.            

TATASTEEL: SUPPORT: 524-26  and RESISTANCE:  542-44          

VEDL: SUPPORT: 303 &301 and RESISTANCE: 314 huge investment plans.