INDIAN MARKETS: Friday (08-09-2017)

INDIAN STOCK MARKETS= SEP-17 SERIES DAILY STUDY REPORT

POSSIBLE PRICE ACTION IN INDIAN MARKETS: Friday (08-09-2017)

GEOPOLITICAL ISSUES CONTINUED…N-KOREA CLOSELY EYED

GLOBAL ACTION: USA- debt seal helped to rise stocks, up by 54pts 21808,  NASDAQ up by 17.60 POINTS @ 6398

EUROPE MARKETS (Tuesday): GERMANY-DAX closed up by 82 points @ 12297.

European stocks rise as ECB holds policy steady, but hints toward October update – MARKETWATCH

Low Inflation Gives Fed Pause on Raising Rates Again This Year

With September meeting near, how many officials will project one more rate raise in 2017? – WSJ.

and UK- FTSE100 closed down by 43 points  @ 7397

ASIAN MARKETS - Friday (08-09-2017)

JAPAN- NIKKEI: CURRENTLY - 65 pts down @193290

OPNED LOW AND RISE IS SLOW AND STEADY

HONG KONG-HANGSENG:  CURRENTLY + 150 @27685

ASIA DoW: @3496 up by 19 pts

SGX NIFTY: + 16 Pts.

GLOBAL NEWS: EU MAINTAINED THE QE AND RATE UNCHANGED

INDIA NEWS:  FPIs sell nearly $600 mn worth equities in Sept after shedding $2 bn in August; Sensex now 3 pct off peak -FE

NIFTY: Likely to go up as global markets are stable but stock specific action is expected especially in PSU banks and HPCL BPCL

SUPPORT:  9883 and RESISTANCE: 9962, 9983 RANGE BOUND 

BANK NIFTY: HDFC bank, Indus, AXIS BANK BARODA helped to stay above crucial support of 24300, PSU BANKS MAY SEE GOOD RISE FOR SOME TIME.

SUPPORT: 24265 and RESISTANCE: 24460, 25025

SBI ICICI AXIS POSITIONS ARE BUILDING

RELIANCE:SUPPORT: 808-6 and RESISTANCE: 826-30        

YES BANK: SUPPORT: 1788-82 and RESISTANCE: 1826- 1832  

RELCAPITAL:  SUPPORT: 756-52 and RESISTANCE: 784-786

REL INFRA: SUPPORT: 504 and RESISTANCE: 526-24           

CENTURY TEX: SUPPORT: 1286 and RESISTANCE: 1324-26

 FOCUS ON METAL MAY EASE FOR A CORRECTION.    

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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