Weekly Stock Recommendation by Money Maker Research

Indian equity markets registered modest gains in the week ended Friday, 13 May 2016 buoyed by the passage of key egislation viz. the Insolvency and Bankruptcy Code, 2016 by the government in the Parliament which is expected to help creditors recover bad debt faster. The market gained in three out of five trading sessions. The Nifty rose 81.45 points or 1.05% to settle at 7,814.90.

On the macro front, the data on Thursday, 12 May 2016 showed acceleration in consumer price inflation in April 2016. Inflation based on consumer price index (CPI) surged to 5.39% in April 2016 from six months low of 4.8% recorded in March 2016.  

On The F&O Front :  

Weekly data shows in the past trading sessions, we have seen strong Put writing at 7600/7700/7800 strikes & major Call writing at 8100/800/7900 strike indicating a range bound session for market, in the near term.  

On Technical Front: 

On Nifty weekly chart strong support is seen at 7780. If it breaks with high volume, more bearishness is expected.  

Nifty Directional:

Sell Nifty Future below 7775, Target 7725, 7675, Stop-Loss 7875. 

WEEKLY STOCK RECOMMENDATION:

BUY PFC FUTURE ABOVE 176.5,TARGETS:179,181.5,184, STOPLOSS-171.5 

BUYSTAR FUTURE ABOVE 1200 TARGETS 1207.5,1215,1222.5 STOPLOSS 1185  

SELL HINDALCO FUTURE BELOW 89.25 TARGETS 87 , 84.75 , 82.5 STOPLOSS 93.75

Sensex Up by 340 & Nifty Crossed 7830, but Gold Silver Down

On the occasion of Akshaya Tritiya, Indian Stock Market gave a surprising opening on Monday Trading Session. Both Sensex and Nifty have been hiked up approx 1.30%. Currently, Sensex Live at 25574 with the lead of 346.22 points and Nifty Live at 7833.80 with the rise of 100.35 points.  In Monday Market, all the small and big shares have received some hike and BSE Mid Cap Index has been hiked up by 0.91%. All the Bse Sectors are trading in Green zone with positive leads. After a very long time. In Asian Market, the indexes are performing average. Where Nikkei, Hang Seng and Straits Times are in positive zone, while Shanghai Comp, Kospi and Taiwan Weighted are in negative zone. In Commodity Market, except the Crude oil and Natural Gas all other commodities are trading in negative zone. Currently, Gold is live at 30063 with the loss of 315 points, Silver is live at 41390 with the loss of 341 points and Crude Oil is live at 3022 with the hike of 45 points. 

Weak Global Domestic Cues on Monday Session

As we all know India is not an easy market to invest. Although, the experts always have cues about the upcoming market, but sometimes they also gets failed to prejudge the market future. The Monday Morning Session started with  the sluggish economic indications. In Domestic Market, the top Indian bench mark indexes are under the downfall of 1%, where the Japanese Index Nikkei have dropped by 3.42%. Sensex is hovering around 25379.91 with having the loss of 226.71 points and Nifty has moved down to 7790.30 with the loss of 59.50 points. Hindalco, Cipla, Aurobindo Pharma, Yes Bank and Kotak Mahindra are the top gainers, while ICICI Bank, Dr Reddy's Labs, Adani Ports, NTPC and Tech Mahindra are the top losers. In Global Market, US index Nasdaq is at 4775.36 with the loss of 0.63%, European Index DAX is at 10038.97 with the loss 2.81% and CAC 40 is at 4428.96 with the loss of 2.90%, Japanese Index Nikkei is at 16150.75 with the loss of 3.19% and Hong Cong Index Hang Seng is at 21067.05 with the loss of 1.52%.