NIFTY 50 8641.25 (291.90)↑(3.50%)
The benchmark Index Nifty open with negative note; but the strong support level of 8300 couldn't breach, and made a low of 8327.20. The nifty Index recovered from Intraday low of 8327 and closed near day’s high after the announcement of Supreme Court rejecting the Plea to change the budget date from 1st Feb. on Monday. On Tuesday, The benchmark Index Nifty has given break out of strong resistance of 8450 and close above it. Nifty future opened at 8421.40, made a low of 8416 and made a high of 8488. We had recommended in last week research report (see our weekly report 23 Jan 27 Jan 17) If the nifty future trade above 8450 than the upside target will be 8500-8550. our level executed on 24 Jan 17. OUR TARGET ACHIEVED ON WEDNESDAY 25 Jan 2017 NIFTY MADE HIGH AT 8606.40]. On Wednesday, The market has ended January Futures & Options (F&O) higher. The benchmark Index Nifty opened gap up by 23 points from its previous day close of 8476 and thereafter rallied by 118 points from its day low of 8494. Nifty opened in 8499, made a low of 8494 and went to make a high of 8613. On Thursday was Market holiday due to Republic Day. On Friday, the last Trading day of the week; The benchmark Index Nifty opened flat from Wednesday’s close of 8603 and thereafter rallied by 66 points from its day low of 8607. However, Nifty closed at 8641. Next week market may witness huge volatility as Finance Minister Arun Jaitley will present Union Budget 2017-18 which will have huge impact on the market direction. The benchmark Index Nifty50 (spot) opened the week at 8329.60, made a high of 8672.70 low of 8327.20 and closed the week at 8641.25. Thus the Nifty closed the week with a gained of 291.90 points or 3.50%.
Formations
•The 20 days EMA are placed at 8376.41
•The 5 days EMA are placed at 8533.46
•The 5 days EMA are placed at 8533.46
Weekly Pivot Levels for Nifty 50 Stocks
Weekly Top Gainers Stocks
Weekly Top Losers Stocks
Weekly FII’S Statistics*
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS
MOST ACTIVE BANK NIFTY CALLS & PUTS
Weekly Recommendations
* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital
Market Segment (in Rs. Crores)
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Stock trading involves high risk and one can lose Substantial amount of money. The
recommendations made herein do not constitute an offer to sell or solicitation
to buy any of the Securities mentioned. No representations can be made that
recommendations contained herein will be profitable or they will not result in
losses. Readers using the information contained herein are solely responsible
for their actions. The information is obtained from sources deemed to be
reliable but is not guaranteed as to accuracy and completeness. The above
recommendations are based on technical analysis only.
NOTE:- WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE
NOTE:- WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE
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Email: info@zoidresearch.com
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