High Pace on Silver & Crude Oil, but Sensex Nifty Moving Low

In the first trading session of the week, Rupee opened at 66.90 with the loss of 13 paise against the dollar. Indian Stock Market made a nice opening in morning session, but couldn't hold the hike for much longer and dropped very soon. Currently, the market indexes are moving in negative zone with minor loss. Sensex is trading at 25414.77 with the loss of 74.80 points and Nifty is trading at 7791.05 with the loss of 23.85 points. In current market, most of the Bse sectors are moving in negative zone except only few sectors which are Consumer Durables, Healthcare, IT, TECk and Bse Midcap. 

In Mcx Commodity Market, Gold, Silver, Crude Oil, Aluminium & Mentha oil are moving up with high pace while other base metals are trading low. Currently, Gold Live at 30123 with the hike of 89 points, Silver Live at 41373 with the hike of 399 points and Crude oil Live at 3129 with the lead of 32 points, while Natural Gas is trading at 139 with the loss of 2.20 points. The Ncdex Commodity Market is showing the average movements. Charjddel, Sybeanidr, Cocudakl and Sugarm up in the green zone, while Tmcfgrnzm, Dhaniya, Jeeraunjha and Barleyjpr are trading in negative zone. 

Eqity Market Weekly Wrap by Moneymaker Research

Indian equity markets registered modest gains in the week ended Friday, 13 May 2016 buoyed by the passage of key legislation 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. Next batch of Q4 results of India Inc., macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement o

f rupee against the dollar and crude oil price movement will dictate market trend in the near term.

Investmnet Free Calls

Buy PFC future above 176.5 targets 179, 181.5, 184 Stop Loss 171.5

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