Sensex closes down 221.73 points, Nifty Ends below 9200 on geopolitical concerns

Benchmark BSE Sensex edged lower, tracking Asian share markets as geopolitical worries grew after the U.S launched cruise missiles against an air base in Syria.
Both indices have gained near 0.8 percent on the week, and are heading for a second successive weekly gain. Telecom major Bharti Airtel and Idea Cellular rose near 2.53% and 3.35%, respectively, after their competitor Reliance Jio Infocomm,  announced that  the telecom regulator had asked it to withdraw a three-month complementary offer to subscribers.
The Nifty Realty index rose nearly  1.14% to its highest in nearly two years. Reserve bank of India on Thursday said it has allowed banks to invest in REITs and  InvITs within regulations set by the capital markets regulator.
Indiabulls Housing Finance was down 2.19%, after the company announced that it has allotted its 15th tranche of NCDs aggregating to Rs 1,000 crore on a private placement basis.
The Indian rupee strengthened to a fresh 20-month high against the USD, a day after RBI increased reverse repo rate and conveyed concerns about inflation. The rupee was trading at 64.41, up 0.20%, from previous day’s close of 64.54. It opened at 64.70 a dollar and touched a high of 64.33.

Late selling drags Sensex to close RED, Nifty up

Yesterday, the Late selling in SENSEX drag to Close flat, NIFTY was up by 6%. The market hit fresh 7-month high intraday Friday with the Sensex reclaiming 27000 and Nifty 8250 levels.

 The Nifty rose 64.15 points or 0.79% to settle at 8,220.80.Growth in India's gross domestic product accelerated to 7.9% in Q4 March 2016 compared with a revised reading of a growth of 7.2% in Q3 December 2015.

The major event next week is a monetary policy review from the Reserve Bank of India (RBI). The RBI will announce the Second Bi-monthly Monetary Policy Statement, 2016-17 at 11.00 IST on Tuesday, 7 June 2016.  

Nifty Directional: - Buy Nifty Future above 8290 Target 8340, 8390Stop Loss 8190.

Weekly Market Wrap 2 May 2016 : Money Maker Research

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

Stocks Trading levels and Advices for Trading

KOTAK Bank: kotan bank CMP 684 you can Buy 676 a solid support SL 666. Up it'll spurt up to 699 & 709.

AXIS Bank: (443) Buy 438 a solid support SL 432. Up it'll spurt up to 456 & 466.

Yes Bank: (866) Buy on declines 859 & 855 crucial supports SL 849. Up it'll spurt up to 878 & 892.

HERO MOTO: (2922) Buy 2891 & 2880 solid supports SL 2860. Up it'll spurt up to 2962 & 3012.