Money Maker Research Wishes You Merry Christmas

NCDEX Jeera recovered from its previous losses on short covering

NCDEX Jeera futures opened with negative note but unable to break previous support of 14300 and recovered on short covering. Jeera prices gain up to RS. 360 per quintal and trade ended the day at RS. 14720 per quintal which is approx 2.51% up against its previous close. 

@ Buy above crucial resistance of 14750 is recommended for the today’s trading session.

@ Day Trader Can Sell NCDEX Jeera Around 14700 to 14650 target 14570, 14480 Stop Loss 14,771.

Market Ended at two-week Closing high, Sensex surged 309.41 and Nifty Rose 93.45 Points Today

Market ended at two-week closing high on Thursday, tracking rally in global peers after the first Fed rate hike in almost a decade. The market rallied for fourth consecutive session today. It was a U-shape recovery for indices as the market slipped in red after rallied for first half an hour of trade but it managed to rebound significantly in last couple of hours of trade. The Sensex surged 309.41 points or 1.21 percent to 25803.78 and the Nifty rose 93.45 points or 1.21 percent to 7844.35.

Finally Federal Reserve raised interest rates by 25 basis points, which was the first rate hike since 2006. Open Interest was seen in 7800 and 7900 Call Option looking as a resistance level for Nifty and in the down side highest open interest was seen in 7700 and 7600 put looking as a major support level for Nifty.

Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to IDBI decrease in price was seen in VOLTAS.

The Stock Market Fell for sixth consecutive session Wednesday

The market fell for sixth consecutive session Wednesday. Investors remained cautious due to uncertainty over GST Bill and volatility in oil prices. Metals, auto, pharma and banking & financials stocks saw selling pressure.Market shed more than 4 percent in last six sessions. The Sensex lost 274.28 points or 1.08 percent to 25036.05 and the Nifty tanked 89.20 points or 1.16 percent to 7612.50.

Open Interest was seen in 7800 and 7900 Call Option looking as a resistance level for Nifty and in the down side highest open interest was seen in 7700 and 7600 put looking as a major support level for Nifty.

 Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to decrease in DLF price was seen in JPASSOCIAT.