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%.

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