Saturday, 10 August 2019

WEEKLY REPORT FOR 12 AUG to 16 AUG 2019


NIFTY FUTURE OVERVIEW :-

NIFTY FUT. TREND B/W 10800–11400 FOR NEXT WEEK.

MAJOR SUPPORT LEVEL IS 11025, IF IT’S BREAK NIFTY FUT. WILL LIKELY GOES NEGATIVE.

MAJOR RESISTANCE LEVEL IS 11060, IF BREAK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN NIFTY FUT.,NIFTY  FUT. CLOSE 09 AUGUST 2019 ABOVE MOVING AVERAGE (14) SIGNAL LINE , SHOW OUR DAILY  CHART ,IT INDICATE THE  BULLISH SIGNAL.



BANK NIFTY FUTURE OVERVIEW :-

BANK NIFTY FUT. TREND B/W 26500–29500 FOR NEXT WEEK.

MAJOR SUPPORT LEVEL IS 28180, IF IT BREAKS THAN BANK NIFTY  WILL LIKELY GOES NEGATIVE.

MAJOR RESISTANCE LEVEL IS 28221,IF BREAKS BANK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN BANK NIFTY FUT.,ITS CLOSE 09 AUGUST 2019 ABOVE MOVING AVERAGE (14) SIGNAL LINE, SHOW OUR DAILY CHART ,IT INDICATE THE  BULLISH SIGNAL.

52 WEEKS HIGH STOCK DURATION TILL 05 AUG 2019 TO 09 AUG 2019


52 WEEKS LOW STOCK DURATION TILL 05 AUG 2019 TO 09 AUG 2019



TOP MOST NEWS NEXT WEEK 12 AUG TO 16 JULY 2019 DATE WISE:- 

12 AUG 2019

RESULT : MOTHERSONSUMI/ALKEMLAB./WHIRLPOOL/AIA 

ENG./CENTURYTEXT./GRAPHITEINDA.

DATA : INDIANCPI/US FEDERAL BUDGET BALANCE(JULY)/US WASDE REPORT. 

13 AUG 2019

DATA : US AVG.EAR.INDEX+BONUS/UK CLAIMANT COUNTCHANGE.US 
UNEMPLOYEMENT RATE/US OPEC MON.REPORT/US CORE CPI.

RESULT : ONGC/COALINDIA/SUNPHARMA/BOSCH/NMDC. 

14 AUG 2019

DATA : US EXPORT/IMPORT PRICE/UK CPI/INDIA WPI INFLATION.

RESULT : GRASIM/IGL/IDBIBANK/CESC/HEG/WOCKHARD/MMTC.

15 AUG 2019

DATA : UK CORE RETAILS/UK CORE RETAILS/US CORE RETAIL SALES US INDUSTRIAL PRODUCTION/US RETAIL INVENTORIES EX AUTO.

16 AUG 2019

DATA : US BUILDING PERMIT/US HOUSING STARTS/US CICHIGAN CONSUMER SENTIMENT.

RESULT : INTER STATE OIL CARRIER/ORTEL COMMUNICATION.

OUR PICK STOCK 10-20 DAYS DURATION:-

BUY M&MFIN B/W  315-319 TGT 350/360 STOP LOSS 280


REASONS :- 

LONG TERM TREND IS UPSIDE SIDE AND IT BREAK MAJOR RESISTANCE ON GAP FILL LEVEL @ 319,SHOW OUR 4 HOUR CHART. 

IT IS A CONTINUES BULLISH PATTERN IN TECHNICAL LANGUAGE.

IF NOT BREAK MAJOR REISTANCE IN M&MFIN. @ 347,SO HIS MOVE TO RANGE BOUND @ 300-335 IN NEXT WEEK.

RSI INDICATOR ALSO GAVE THE BREAK OUT IN CHART.

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