INDIAN MARKETS: MONDAY (04-09-2017)

INDIAN STOCK MARKETS                               SEPTEMBER SERIES DAILY STUDY REPORT

POSSIBLE PRICE ACTION IN INDIAN MARKETS: MONDAY (04-09-2017)

THE NORTH KOREA NUCLEAR BOMB TEST IS ABIG CONCERN GOING FORWARD. THOUGH WE ARE NOT DIRECTLY IMPACTED BUT THE RUB-OFF CAN RATTLE OUR MARKETS DUE TO HEAVY SELLING FROM FIIs. THE DOMESTIC INSTITUTIONAL INVESTORS BUYING HEAVLY AT THESE PRICES CAN BECOME A CONCERN.

GLOBAL ACTION (FRIDAY): USA- DOW UP 39 POINTS @ 21987 AND NASDAQ UP BY 6.60 POINTS @ 6435

EUROPE MARKETS (FRIDAY): GERMANY-DAX CLOSED IN POSITIVE TERITORY WITH +87 POINTS @ 12143. AND UK- FTSE100 CLOSED IN GREEN WITH +8 POINTS UP @ 7439

ASIAN MARKETS - MONDAY (04-09-2017)

JAPAN- NIKKEI: FRIDAY CLOSE @ 19692, CURRENTLY (-170) pts down

HONG KONG-HANGSENG: FRIDAY CLOSE@ 27953, CURRENTLY (150) down

ASIA DoW: @3486 DOWN BY 16 pts (-0.5%)

GLOBAL NEWS: NORTH KOREA A BIG PROBLEM FOR BULLS TO CARRY HEAVY POSITIONS GOING FORWARD.

POLITICAL NEWS: MODI RESHUFFEL WAS BROADLY WELCOMED BUT DECENT

NIFTY: SUPPORT: 9980 & 9953 and RESISTANCE: 10005 & 10026          

BANK NIFTY: SUPPORT: 24350 & 24300 and RESISTANCE: 24480 & 24520                        

RELIANCE: SUPPORT:1593, 1586 and RESISTANCE: 1624-28         

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

YES BANK: SUPPORT: 1772-68 and RESISTANCE: 1796, 1803-05         

RELCAPITA SUPPORT: 831-28 and RESISTANCE: 865-69,

REL INFRA: SUPPORT: 514-12 and RESISTANCE: 536-39            

CENTURY TEX: SUPPORT: 1228-26 and RESISTANCE: 1286-93, likely to cross yearly highs soon, May touch 1326-41 soon, no shorting advisable.            

BULLISH ACTION MAY CONTINUE-BUYING COUNTERS

ACC, ULTRACEMCO, ICICI Pru, Auro Pharma

SHORT COVERING - HEAVY SELLING TO SHORT COVERING

PRICE RECOVERY MAY POSSIBLE

FORTIS, WOCK-PHARMA

BEARISH ACTION MAY CONTINUE-SELLING COUNTERS

PSU BANKS, BHARTIAIRTEL

SERIOUS BUYING TO PROFIT BOOKING

PRICE SLIDE MAY POSSIBLE

RELCAPITAL, RELIANCE AND DRREDDY

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IMPORTANT DISCLAIMER:

STOCK TRADING IS A HIGH-RISK VENTURE AND TRADERS ARE THE MOST TO LOSE. IT DEMANDS CALM MIND AND PSYCHOLOGICAL BALANCE. IT IS A CHALLENGING JOB DUE TO PRECISION IN TIMING & LIMITED CAPITAL AVAILABLE WITH RETAIL TRADERS.

SO ALWAYS CONSULT YOUR EXPERT ADVISOR AND ALSO MAKE YOUR STUDY TO GET SUCCESS.

NOT TO DISCOURAGE BUT REQUEST PARTICIPANTS TO TIME & ENERGY TO EMPOWER THOSE MOST REQUIRED QUALITIES.

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