INDIAN MARKETS POSSIBLE ACTION: Tuesday (05-09-2017)

INDIAN STOCK MARKETS= SEPTEMBER SERIES DAILY STUDY REPORT

POSSIBLE PRICE ACTION IN INDIAN MARKETS: Tuesday (05-09-2017)

GEOPOLITICAL ISSUES CONTINUED…

GLOBAL ACTION: USA- HOLIDAY, SO FRIDAY LEVELS DOW UP 39 POINTS @ 21987 AND NASDAQ UP BY 6.60 POINTS @ 6435

EUROPE MARKETS (Monday): GERMANY-DAX closed negative down by 40 points @ 12102. AND UK- FTSE100 closed negative down by 27 points  @ 7411

ASIAN MARKETS - Tuesday (05-09-2017)

JAPAN- NIKKEI: CURRENTLY (-90) pts down @19417

HONG KONG-HANGSENG:  CURRENTLY up by +50 @27790

ASIA DoW: @3470 DOWN BY 7 pts

SGX NIFTY: 9 Pts.

GLOBAL NEWS: Global leaders are considering economic sanctions against N-Korea

North Korea is 'begging for war'; strongest measures needed: US to UNSC (BS)

India News: 

Total bad loans seen at whopping $130 bn; as defaults rise, cases at NCLT accumulate

Stressed loans near $10-billion mark; total bad loans seen at over $130 billion; 250 NCLT cases across 10 benches (financial express)

Rigid rules trip Modi's $250 billion plan to modernise India's defence

Bloomberg| Sep 05, 2017, 07.31 AM IST (ET)

NIFTY: SUPPORT: 9880 & 9823 and RESISTANCE: 9952, 9979

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

RELIANCE:SUPPORT:1593, 1586 and RESISTANCE: 1624-21         

AXIS BANK: SUPPORT: 494-92 and RESISTANCE:  506-08,

YES BANK: SUPPORT: 1726-28 and RESISTANCE: 1776- 1772         

REL INFRA: SUPPORT: 496 and RESISTANCE: 516-21            

CENTURY TEX: SUPPORT: 1218-16 and RESISTANCE: 1263, likely to cross yearly highs soon, May touch 1326-41 soon, no shorting advisable.            

BULLISH ACTION MAY CONTINUE-BUYING COUNTERS

JSW ENERGY,

SHORT COVERING - HEAVY SELLING TO SHORT COVERING

PRICE RECOVERY MAY POSSIBLE

IT & PHARMA

BEARISH ACTION MAY CONTINUE-SELLING COUNTERS

BHARTIAIRTEL AND REALITY & HOUSING FIN COMPANIES.

SERIOUS BUYING TO PROFIT BOOKING

PRICE SLIDE MAY POSSIBLE

Metals, SUNTv

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 DEDICATE REASONABLE TIME & ENERGY TO EMPOWER THOSE MOST REQUIRED QUALITIES.

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