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

Stock Market Poor Opening for This Week

In Indian rituals a weak opening may bring bad fortune, but nothing is sure when talking about the Trade Market. Although, the Indian Stock Market made a poor opening of Monday Morning Session, but the Commodity Market is still standing up to support the Indian Economy. Along with the Sensex and Nifty, the other Asian Indexes are also trading with minor loss. The Sensex is trading at 25708.45 with the loss of 129.69 points and Nifty is trading at 7863.05 with the fall of 36.25 points. The Indian Precious Metals are trading good by holding up the positive leads, but the Base Metals seems to  be dropping low. Currently, Gold is running at 29137 with the hike of 116 points and Silver is trading at 40102 with the gain of 117 points, while Crude oil is down by 51 points and struggling at 2885.

Today Stock Market Sensex Nifty Flat

The last day session of the market trading is slightly decline at the end of the Day trading. The BSE Sensex closed 42 points down at 25838 and the Nifty Closed 13 points down at 7899.

The banking and the Auto stocks are the main root of the Friday session they both are buying and the FMCH and IT stock are fell down 1 percent.

Reliance Communications, which was among the top Sensex gainers, added 5.46 per cent in trade. It has received Department of Telecom's approval for spectrum sharing in nine circles with Reliance Jio.

Shares of Sanghi Industries advanced 5.51 per cent, as Piramal Enterprises has invested Rs 256.5 crore via non-convertible debentures of the company.
Oil prices rose in Asian trade, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing oversupply.

All the market news and Commodity Tips and research by Moneymaker Research Pvt. Ltd.