Stock Future Investment Ideas By Moneymaker Research PVT LTD

RCOM: Sell Reliance Communication future below 65.5 targets 63.5, 61.5 59.5 Stop Loss 69.5.

CIPLA: Sell CIPLA Future below 577 targets 572, 567 562 Stop Loss 587.

HINDUNILVR: Sell Hindunilvr future below 776.5 targets 771.5, 766.5 761.5 Stop Loss 786.5.

 AXISBANK : Buy AXISBANK Future above 412.5 Targets 415.5, 418.5 421.5 Stop Loss 406.5.

NSE Nifty Weekly Wrap by Moneymaker Advisory

Indian stock markets declined in the week ended Friday, 15 January 2016 on weak global cues. Investors were concerned over the prospects of slowing global growth in general and that of China in particular amid slew of weak economic data from China.

The Sensex failed to retain the psychological 25,000 level which it had surpassed in the course of trading during the week. The Sensex and the Nifty declined in four out of five trading sessions and managed to register modest gains in remaining one trading session.

Chana prices gain on lower arrivals in the spot market

Chana futures April contract NCDEX gain by 0.78% and settled at Rs. 4,400 per quintal yesterday as market participants increase their buying position on expectation of higher demand. 

There are reports of good weather across chana growing states Rajasthan and MP also pressurizing prices. However, imports at higher prices and dwindling stock in domestic market may support prices if demand increases.