Market dropped in the week ended Friday, 29 April 2016 on weak global cues. The Sensex, failed to hold onto the psychological 26,000 mark after regaining that mark the during the week. Market edged higher in three out of five trading sessions during the week.
World stocks fell after the Bank of Japan left its main policies unchanged after the conclusion of a two-day monetary policy meeting,disappointing market expectations the central bank would take further extraordinary steps to stimulate Japan's economy. In the week ended Friday, 29 April 2016, the Nifty fell 49.50 points or 0.63% to settle at 7,849.80.
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 build up at 8100/800/7900 strike indicating a positive session for market, in the near term.On Technical Front.
On Nifty weekly
Chart strong resistance is seen at 7920. If it breaks with high volume, more bullishness is expected.
Nifty Directional: - Buy Nifty Future above 7925 Target 7975, 8025 Stop Loss 7825.
Weekly Stock Recommendations By Money Maker :
BUY DLF FUTURE ABOVE 131, TARGETS 133,135 ,137, STOPLOSS 127
SELL BANKINDIA FUTURE BELOW 91, TARGETS 88.5, 86, 83.5, STOPLOSS 96
BUY IBREALEST FUTURE ABOVE 68.5, TARGETS 71.5 ,74.5,77.5, STOPLOSS 62.5
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