INDIAN STOCK MARKETS= SEP-17 SERIES WEEKLY STUDY REPORT (4^th – 8^th )

WEEKLY NIFTY TIGHT RANGE : 9861 TO 9963 (LOW to HIGH)

WEEKLY BANK NIFTY RANGE  : 24151 to 24420 (LOW to HIGH)

WEEKLY CLOSING TO CLOSING (FRIDAY TO FRIDAY)

NIFTY : 9974 TO 9935 A LOSS OF - 39 POINTS

BANK NIFTY 24434 TO 24474 A GAIN OF + 40 POINTS

SENSEX: 31892 TO 31687 A LOSS OF - 205 POINTS

GLOBAL ACTION-WEEKLY:CLOSING TO CLOSING (FRIDAY TO FRIDAY): 

USA- DOW 21987 TO 21832 (-155)             NASDAQ: 6435 TO 6368 (-67)

EUROPE- DAX : 12102 to 12304(+202)       FTSE: 7438-7377 (-61)

JAPAN- NIKKEI: 19691 to 19264 (-427)

HONG KONG-HANGSENG:    27953 to 27668 (-285)

WEEKLY GAINERS in stocks:

Future Consumer 50.35 to 65; Bombay Dyeing : 122.5 to 156.4 , ARVIND 373.60 TO 406.3; National Aluminium: 74.8 to 81.0; IGL 1271 TO 1382

TATA SPONGE 822 TO 894 NDTV 39.5 TO 63.5; SPIC 21.5 TO 35.5

WEEKLY LOSERS in stocks:

DISH Tv 81.5 TO 75.7; IDEA 89 TO 79.8; INDIAN BANK 291 TO 272,  UNION BANK 139 TO 131; KWALITY 143 TO 119; VIJAYA BANK 68 TO 60.8;

MY STUDY STOCK-O-METER RESULTS: HITS AND BRICK BATS

OVER VIEW: MARKETS GRIPPED WITH FEAR DUE TO N-KOREA KING KIM-JOHG UN EXUBERANCE TO CONDUCT NUCLEAR TEST PUT BREAKS ON THE RISE OF GLOBAL MARKETS BUT DAX COULD DEFY THE WEEKLY TREND AS IT FELL MORE IN PREVIOUS WEEK AND ECB- POSITIVE WITH DRAGHI COMMENTS HELPED TO SAIL THROUGH WELL THE TOUGH TIME.

LOCALLY, MARKETS DISCOUNTED THE BLACK MONEY CURBING ACTIVITIES AND CURBING THEM BY FREEZING THE BANK ACCOUNTS.

THE CABINET CHANGE MAY SPUR THE MUCH-AWAITED CONTRACTS IN DEFENCE AND RAILWAYS MAY SPUR THE ACTIVITY. BABA KALYANI EXPRESSED CONFIDENCE IN DEFENCE DEALS AND US- HEAVY TRUCK ORDERS HELPED BHARAT FORGE TO ADD M-CAP, MAY SEE FURTHER 30% RUN IN 6-9 MONTHS.

STOCK SPECIFIC ACTION: TRADING DURING THE WEEK

GLORIOUS AND FABULOUS:

IDENTIFIED YES BANK RISE TO 1818 AND CENTUR-TEX RISE TO 1320 AND ENJOYED THE BENIFTS BUT NOT FULLY.

AXISBANK FALL IDENFITIES AND ENJOYED.

BHARATFIN. FALL FULLY ENJOYED, ONLINE DECISION.

SHAME & PITY:

A TWO ADVANCE EXPECTED FALL IN METALS COSTED. THEY WENT UP WITH DECENT RISE IN ALUMINIUM AND COPPER PRICE RISE, CHINA DEMAND AND IRON ORE RISE ALSO SUPPORTED FERROUS METALS, COULDN’T SHIFT TO BUYING ON NEWS.

ICICI BANK NEWS TRIGGERED BUYING BUT GOT TRAPPED.

PSU BANKS FALL IDENTIFIED BUT NOT PARTICIPATED.

FAILE TO EXECUTE THE FALL OF BPCL AND HPCL BUR PARTICIPATED INRA-DAY. BHARTI AIRTEL FALL IDENTIFED BUT COULDN’T PARTICIPATE. DOUBTED GLENMARK & DIVIS PRICE ACTION, MISSED THE OPPORTUNITY.

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.

THE SEASONED PARTICIPATS RECOGNISE THE MOVE BUT FEAR OF FAILURE WITH HOLDS FROM TAKING POSITIONS. THE NOVICE JUMP TO GRAB THE FLUCTUATIONS AND GET TRAPPED AND PAY THE PRICE TO GAIN THAT EXPERIENCE.