RELIANCE WAS ROCKSTAR AS WE HAVE PREDICTED

As I have predicted in last post Nifty moved upward upto approximate levels of 10929.Again to my triumph Reliance was market leader and achieved my first Target 1134,pls continue to hold for second target 1150.Also as I have forecasted Banknifty was slow moving then Nifty. Today market was in clear cut upward trend with 38 stocks in upward trend and only 12 in downtrend. As for Monday I expect market in move in range of 10870 to 10955.In stocks long position can be taken in Sail with Targets of 55/57, Rather a strangle strategy would be better with strike price of 55 and 50

TAKE A LONG SHOT IN RELIANCE FOR FRIDAY 28 DEC 2018

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Expiry today was a non event Nifty rose half a percent and closed @ 10780 level. Although there were some big movements days in this week but today was a lackluster day except we witnessed some positive momentum building in Index heavy weight Reliance Industries.A small bearish candle was formed in end but despite that Nifty can see upward movement in this series till 10930. BankNifty on the other hand do not look so promising so we advise not to take fresh positions in banking stocks until a trend reversal is appeared.27 Stocks in nifty advanced while 23 declined which is not much suggestive.

Top gainer today is ADANIPORTS

Top looser is BPCL both 2% plus minus. 

For Friday 28 Dec we recommend you to take long position in RELIANCE with targets of 1134 and 1150.

MARKET UPDATES - 26 DEC.

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In Wednesday, the Nifty index opened in the negative but manage to recover sharply on the lower level and go headed towards the 10,750 level. Nifty needs to hold above 10,777 level. 
Today's the Vadilal Industries stock fell to 15% in trade. The stock hit an intraday high of 497 level on the BSE. The micro cap stock fell up to 14.96%  to 443 level compared to the previous close of 520 on the level of BSE. Nifty settles at 10,730 and short covering ahead of F&O expiry.  

TODAY'S TOP GAINER COMPANIES: ADANIPORTS,  ZEEL AND HDFC BANK.  

 WHILE THE TOP LOSERS: SUNPHARMA AND YES BANK.

MARKET SUMMARY - 24 DEC.

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Equity markets continued to trends lower in tendem. Today's nifty traded the negative bias, nifty closed below 200 DEMA. Nifty slipped 16 points to 10,738. Bank nifty is closer than the third consecutive session ending 154 points lower at 26,714. Bandhan bank and guru finance are trading lower. The market goes negative as 654 shares in advanced on the other hand  1,008 shares declined and 412 shares remained unchanged.

TODAY'S TOP GAINER COMPANIES ARE : WIPRO, TCS, TECH MAHINDRA, ORACLE FINANCIAL SERVICES SOFTWARE 

TOP LOSERS : JSW STEEL, HEROMOTO CORP, IOC.

NEXT WEEK ICICI PREDICTION & CHART

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BUY ICICIBANK FUTURE ABOVE 358 TGT 366.60/ 376 SL 348.50

Friday's session has ended on negative note. The Sensex closed at 35,742, down 690 points lower  while Nifty closed at 10,754, down 198 points . We have seen a pre-Santa Claus rally in the sense that last seven or eight sessions, the market have run up from the lows. Market to  closely track GST council meet due tomorrow, likely to see reduction of tax slabs for several items. Global markets to brace more volatility from the ongoing trade tensions and slowdown in economies. Shares of Bata India hit a new high of Rs 1,135, up 3% on the  intra-day trade on Friday in otherwise weak market,  Bandhan Bank in talks with Gruh Fin to merge with itself, RIL, Infosys, TCS and HDFC Bank were the major contributors to the Sensex’s decline. Market ignored positive news of PSU bank recapitalisation and selling was seen across sectors  ICICI Bank continues to see smooth growth on the liability side.. ICICI Bank is focusing on increasing SA accretion from self-employed customers where presence is low. The bank does not intend to increase deposit rates to gain business on the liability side. Unlike certain new age banks that are acquiring new customers at a faster rate by hiking rates, ICICI Bank will not increase rates drastically. A sudden change in rates might see a drag on margins assuming the product mix remains constant.IOC, a top losers, ended at Rs 139.75, down 5.48 % with market capitalisation at Rs 135,673crore

The IT and Auto index were the biggest losers which shed 2 percent. Infra index was dragged by Adani Ports, Adani Power, GMR Infra, NBCC, Tata Comm and Tata Power.

MARKET SUMMARY-20 DEC

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"BUY  YES BANK FUTURE ABOVE 190 TGT  201.50/ 212.50  SL 175.80"

Thursday's market ended mildly lower. The Sensex finished in the negative territory following the downtick in shares of Reliance Industries, ICICI Bank, State Bank of India, Maruti Suzuki, TCS and Axis Bank. The Sensex shuttled between today's low of 36202 and today's high of 36475 before closing at 36432, down by 52 points . In Sensex, four stocks gained while 26 declined. Yes Bank the biggest gainers increased  3% today. Asian Paints was also one of the top gainer, advanced almost 1%. Vedanta ruled the red zone, falling 2.51%. Other losers included Bharti Airtel -2 %, NTPC, Powergrid, Wipro -2.19 % and Adani Ports.

Yesbank was the top contributor.

 HDFC was the biggest drag.

MARKET SUMMARY-19 DEC

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Wednesday's session has ended on positive note. Wednesday led by buying in public sector banks and fast-moving consumer goods stocks.
Sensex was closed at 36,484, up 137 points  Nifty was closed at healthy gains of 0.5% at 10,967 levels Nifty moved up consistently in last 6-7 sessions, there is still no indication of any exhaustion of the uptrend at the high point. The next overhead resistance to be watched is at 11,090 level. PSU Bank index ended 2.9 per cent higher led by Vijaya Bank and Bank of India after Allahabad Bank, Bank of India and Bank of Maharashtra may come out of PCA soon. Capital First and IDFC Bank shares rallied 4 percent after both companies announced completion of their merger on Tuesday.

Asian Paints, Axis Bank, Indiabulls Housing and Bajaj Finserv  were the big gainers, while Sun Pharma, Infosys, and HCL Technologies lost the most.