INDIAN MARKETS: Tuesday (06-09-2017)

INDIAN STOCK MARKETS= SEP-17 SERIES DAILY STUDY REPORT

POSSIBLE PRICE ACTION IN INDIAN MARKETS: Tuesday (06-09-2017)

GEOPOLITICAL ISSUES CONTINUED…

GLOBAL ACTION: USA- TOOK THE BEATING , SO YESTERDAY LEVELS DOW DOWN250 POINTS @ 21987 AND NASDAQ DOWN BY 66.0 POINTS @ 6435

EUROPE MARKETS (Tuesday): GERMANY-DAX closed up by 40 points @ 12124. AND UK- FTSE100 closed negative down by 37 points  @ 7373

ASIAN MARKETS - Wednesday (06-09-2017)

JAPAN- NIKKEI: CURRENTLY (-60) pts down @19327

HONG KONG-HANGSENG:  CURRENTLY down-250 @27490

ASIA DoW: @3460 DOWN BY 23 pts

SGX NIFTY: -30 Pts.

GLOBAL NEWS: USA MARKETS-BANKS GOT WORST HIT ,

INDIA NEWS:

Black money crackdown: Narendra Modi government targets over 2 lakh companies, strikes them off register  -FINANCIAL EXPRESS

IndiGo may buy stake in Jet Airways if Air India bid fails -MINT

Banks start moving on NPA accounts in RBI’s second defaulter list  -LIVE MINT

Infosys Delays September Quarter Results Announcement-NDTV

HCL Acquires UK-Based ETL Factory for 7 Million Pounds NDTV

NIFTY: SUPPORT: 9886 & 9863 and RESISTANCE: 9959, 9979

BANK NIFTY: SUPPORT: 24350 & 24260 and RESISTANCE: 24480 & 24520

RELIANCE:SUPPORT:1593,1586 and RESISTANCE: 1636         

AXIS BANK: SUPPORT: 494-96 and RESISTANCE:  506-04,

YES BANK: SUPPORT: 1746-52 and RESISTANCE: 1796- 1802         

REL INFRA: SUPPORT: 498 and RESISTANCE: 516-14           

CENTURY TEX: SUPPORT: 1248-56 and RESISTANCE: 1283, likely to cross yearly highs soon, May touch 1326-41 soon, no shorting advisable.            

BULLISH ACTION MAY CONTINUE-BUYING COUNTERS

CEMENT SECTOR AND AUTO

SHORT COVERING - HEAVY SELLING TO SHORT COVERING

PRICE RECOVERY MAY POSSIBLE

PHARMA

BEARISH ACTION MAY CONTINUE-SELLING COUNTERS

PSU BANKS

SERIOUS BUYING TO PROFIT BOOKING

PRICE SLIDE MAY POSSIBLE

HOUSING FINANCE

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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