01-SEP-17

INDIAN STOCK MARKETS=SEPTEMBER SERIES DAILY STUDY REPORT

US MARKETS: DOW UP 58 POINTS NASDAQ UP 60 POINTS

EUROPE: DAX CLOSED IN POSITIVE WITH 50 POINTS, BUT RECOVERED 0.7% OF THE FALL (-177) IN TWO DAYS

ASIAN MARKETS: MILDLY POSITIVE

SGX NIFTY CURRENTLY SUGGESTING: + 3 POINTS

MACRO ECONOMIC NEWS: Q-1 GDP IS @ 5.7% IS CONTINUOUSLY DECLINE TO TOUCH 3 YEAR LOW

CORPORATE EARNING ARE OK BUT THEIR INVESTMENTS ARE NOT COMING DUE TO BAD DEBT ISSUES, IS LIMITING THE GROWTH EXPANSION

COMPANY SPECIFIC NEWS:

DR REEDY GOT FAVOURABLE NEWS

RANBAXY SINGH BROTHERS ISSUE EFFECT FORTIS, ALREADY LOST 5.44% YESTERDAY.

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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 TIME & ENERGY TO EMPOWER THOSE MOST REQUIRED QUALITIES.

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POSSIBLE ACTION AS PER MY STUDY: CONSIDER FOR EDUCATION

NIFTY:SUPPORT: 9885 & 9856 and RESISTANCE:  9946 & 9972

BANK NIFTY: SUPPORT: 24230 & 24185 and RESISTANCE: 24490& 24560

RELIANCE: SUPPORT:1576, 1572 and RESISTANCE: 1606-08         

AXIS BANK: SUPPORT: 494-92 and RESISTANCE:  506-08, crosses 516-18 in due course.

YES BANK: SUPPORT: 1732-28 and RESISTANCE: 1758-62, 1773          

RELCAPITA SUPPORT: 801-03 and RESISTANCE: 816-21, stock is very strong may touch 860, may consider a buy from 782-78

REL INFRA: SUPPORT: 491-89 and RESISTANCE: 516-18            

CENTURY TEX: SUPPORT: 1208-16 and RESISTANCE: 1248-52, likely to cross yearly highs soon, no shorting advisable.            

TATASTEEL: SUPPORT: 524-26  and RESISTANCE:  542-44          

VEDL: SUPPORT: 303 &301 and RESISTANCE: 314 huge investment plans.

NIFTY AUGUST SERIES

INDIAN STOCK MARKETS = AUGUST MONTH STUDY REPORT

TOADY F&O AUGUST SERIES CLOSING DAY LAST ONE HOUR MADE A BIG DIFFERENCE FOR BULLS TO COVER THE LOST GROUND FROM A LOW 9857 TO 9925, A SERIOUS RISE OF 68 POINTS.

THE SERIES LOST 108 POINTS AND THE BANK NIFTY LOST 625 POINTS. MONTHLY AVERAGE OF NIFTY 9934 AND BANK NIFTY MONTHLY AVERAGE 24508. BANK-NIFTY LOST MORE THAN NIFTY.

THIS MONTH THE RESULTS SEASON INFLUENCED IN STOCK ACTION AND INFY BOARD AND PROMOTORS TUSSLE CAUGHT THE HEADLINES.

PSU BANKS TOOK A SERIOUS BEATING AT LARGE DESPITE OF THEIR OVERALL IMPROVED ASSET QUALITY, DUE TO WHICH PSU BANKS ARE SUFFERING FROM RBI’s LATEST DIRECTIONS ON BAD ASSETS THOSE ARE REFERRED TO NCLT.

JULY CLOSING TO AUGUST CLOSING:

PHARMA SECTOR LOST MORE THAN THE REST- DR REDDY (-22.3%), AJANTHA PHARMA (-15%), GLENMARK (-14.9%), SUN PHARMA (-16.0%), STAR (-16.0%), BIOCON (-15.5%), LUPIN (-11.1%), CADILA (-7.5%), APOLLO HOSPITALS (-16.5%)

PSU BANKS LOST MOST BANK OF BARODA (-15%) BANK OF INDIA (-7.25%) UNION BANK (-12.5%) CANARA (-3.75%), PNB (-6.5%) AND SBI (-7.25%).

THE RISE HAS BEEN VERY DECENT IN GEMS& JEWELLARY, METAL& MINING, OIL AND ENERGY SECTOR ESPECIALLY IN OMCs DEDPITE OF NIFTY FALL.

HIND PETRO (+33.3%), BPCL (+11.3%), IOC (+23.10%),  CHENNAI PETRO (15.5%), MRPL(+14.85%), PC JEWELLARIES (+44.5%), TITAN (+16.3%), CESC(+13.10%), CONCOR (+13.3%), VEDL (+10.3%), TATA STEEL (+10.3%), JSW STEEL (+18.1%),

TATA GLOBAL (+17.5%, RELCAPITAL (+21.75%), UJJIVAN (+10.5%), LT FINANCE (24.0%), GRASIM (+11.5%), PETRONET (+10.50%),