Nifty 7735/Sensex 25881/Bank Nifty 16997
50 Advances/1 Declines
Sensex, Nifty end at 1-month closing high; largecaps hog limelight.
“Bank Nifty , IT, FMCG, Capital Goods, Auto Sector Fuels market as Nifty 50 Skyrocketed”
Yesterday the Fed News of speculation of Interest rate hike in June was taken as stride by all world markets and so did Indian market as this news was like a virtual Relief rain for all domestic sectors and further was supported by Q4 numbers of various heavyweights and Mid caps as they supported the marked tremendously.
Nifty opened at 7812 and from there it looked highly bullish as positive news provided it with much needed momentum and made high of 7949 before settling at 7935 with gain of 186 points or 2.40% on a single session.
Key highlights of 25th May
Nifty ends above 7900 ahead of expiry, Sensex up 576 pts.
Global stocks and world markets take Fed rate hike speculation in stride.
Morgan Stanley upgrades India outlook to ‘overweight’.
Tata Steel may shortlist 2-3 bidders for UK assets today.
Bajaj Auto Q4 profit up 29%, expects FY17 volume growth at 17%.
Cipla slips 7% on Q4 shocker; analysts warn margins pressure may persist.
Strong Q4 results drive Zee Media up 20%.
Our calls proven great again...
We recommended buying in Nifty future to our Premium clients around 7840---7820 at opening bell. It flared like anything and hit 7949.90. We are still holding long as we recommended that we will hold till reversal.
We Recommended Buying Maruti Suzuki (Fut) again around 3910—3900. It made a high of 4066 before settling at 4057 .
We recommended buying Tata Chemical around 425--422. Too flared and made a high of 435.50.
“Hope you all Minting money daily”
Still need trial... need not to worry at all. Watch more!!
Now what next for today??
NIFTY FUTURES As we clearly indicated that we will do fresh selling only below 7650 mark and if not then we will see sharp turn around in the market.
Above 7940... rally remain continue and could test 7980---8050. Three consecutive closes + weekly close above 8050 will see a fresh momentum in the markets.
It has a near term support at 7880. Below that mark it could test 7820---7780 mark.
Remember... Major support area still at 7680---7650.
Bank Nifty also followed the same trajectory and skyrocketed as global and domestic news provided Bank Nifty futures with much needed fuel as it opened at 16590 and made high of 17012 before closing at 16990 with a surge of 3.26 % or 536 points on a single session.
We recommended buying in Bank nifty to our Premium client around 16700.
Currently Bank Nifty at 16990 has crucial resistance at 17050. If this level sustain above 17050 in coming session then one may see next resistance building around 17300--17400 mark.
It also has a near term crucial support 16700 while major support at 16000.
Today's Top Pick
We are not providing you call only but our first motive to protect your money.
Yesterday timely exit of BPCL is an example and we are working on same.
Now what to do today?
Buy Axis bank... Above 500. We will see rally till 512---518+ mark in days to come.
Support at 490.
More will be update soon!! Keep visiting our blog and Android App!!
