INDIAN STOCK MARKETS SEPTEMBER SERIES DAILY STUDY REPORT

US MARKETS: FRIDAY DOW UP 39 POINTS @ 21987 AND NASDAQ UP BY 6.60 POINTS @ 6435

EUROPE: DAX CLOSED IN POSITIVE WITH 87 POINTS @ 12143.

POLITICAL NEWS: AS PER REPORTS 9 NEW MINISTERS TO BE INDUCTED IN THE CABINIT. THE CABINET RESHUFFLE CAN BRING SOME CHEER TO MARKETS AND MAY STAY ABOVE 9920 FOR SOME TIME.

COMPANY SPECIFIC NEWS:

INFY PLANS TO APPOINT PRAVEEN RAO AS MD.

RELIANCE TO GIVE JIO-HANDSET BY NAV RATRI.

THE MACRO ECONOMIC NEWS:

NOTE BAN AND GST DISRUPTION ADDED FUEL TO THE SLOWING ECONOMY. THE AUTO SALES HAS SHOWN SOME SIGNS OF RELIEF AS THE ECONOMY IS BACK ON TRACK. THE PSU BANK CONSOLIDATION AND BAD DEBT RECOVERY PLANS MAY HOLD THE CREDIT FLOW TO CORPORATES.

NIFTY: BROAD RANGE SUPPORT AS PER THE RECENT SERIES OPENING MADE YESTERDAY WITH OPTIONS DATA @ : 9700 & 9500 WHILE RESISTANCE BETS ARE OPENED @ 10000 AND 11000

BANK NIFTY: SIMILARLY THE CALL WRITING HAPPENED AROUND 25000,25500 AND PUT WERE WRITTEN @ 23000 AND 23500

IMPORTANT DISCLAIMER:

TRADING IS HIGHLY RISKY AND TRADER ARE THE MOST TO LOOSE AND A CHALLENGING  JOB DUE TO POOR TIMING AND LIMITED CAPITAL.

SO ALWAYS CONSULT YOUR EXPERT ADVISOR AND MAKE YOUR STUDY.

POSSIBLE ACTION AS PER MY STUDY: CONSIDER FOR EDUCATION