NIFTY WEEKLY REPORT AND FUTURE POSSIBLE ACTION.

NIFTY WEEKLY REPORT AND FUTURE POSSIBLE ACTION.

WEEKLY MARKET ACTION…12-11-2017

USA-Markets View         : DOW Journey: 23557  To  23422.

                                             NASDAQ Journey: 6784  To  6751.

EUROPE Markets View : DAX Journey: 13479  To  13127.

                                             FTSE Journey: 7652  To  7432.

ASIAN Markets View     : HANGSENG Journey: 28597  to  29120.

                                             NIKKEI Journey : 22548  To  22681.

INDIAN Markets View   : Nifty  Journey : 10451  To  10322.

                                             BSE-SENSEX Journey : 33731  To  33415.

INTERNATIONAL NEWS :

Trump visit South Korea and China to cool the Geo Political tensions.

INDUSTRY AND COMPANY NEWS :

Most of the PSU Banks , Auto Companies and other results are good may better in Forth coming quarters.

BHARTIARTL and INFRATEL were jacked up to new levels better weighted average for decent exit of big investors be it internal or external.

POSSIBLE ACTION :

NIFTY :

NIFTY contributors like HDFC, HDFCBANK, RELIANCE, ITC, TATAMOTORS, BPCL ,HINDPETRO, AUROPHARMA are lagging while GST beneficiaries like HINDUNILVR, Tyre Companies, other FMCG Companies are contributing. 

BANKNIFTY :

PSU Banks got support from SBI for a positive rerating.Similarly BAIN Capital & LIC gave support to PRIVATE Banks like AXISBANK,ICICIBANK one of the biggest corporate lender getting rerated on the possible repayments from METALS and ALLOYS Industries.

FUTURE POSSIBLE ACTION :

Counters To Observe On The Upside.

TATASTEEL, VEDL, HINDALCO, SAIL, COLPAL, DABUR, BATAINDIA, CEAT, MRF. Mining counters do well.

Counters To Observe On The Downside.

DRREDDY, CIPLA, ARVIND, BAJAJ FINANCE, YESBANK (Good above 314) Likely to correct (CONSOLIDATION) PNB, BANKINDIA, UNIONBANK, CANBK, ASHOK LEYLAND, BHARTIARTL.