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Saturday, 31 December 2016

Stock Week in Weekly Review Monday to Friday, Happy New Year 2017

The week through Dec 26 to 30 witnessed the markets rallying sharply from a low of 7,893. The Nifty gained 2.51 percent Week of Week to close at 8,186, by which it sustained the loses of the previous week.  

On 29 December, Finance Minister Arun Jaitley said that for the period between April 1 and December 19, direct tax collections raised at a net rate of 13.6 percent year-on-year. He said all the data available, including that of indirect taxes and Rabi crop sowing, indicated that the circumstances was better than what the critics of demonetization feared. 

In Global markets, U.S. stock futures were moving higher on Friday since investors prepared to close out the final trading session of 2016, which is set to deliver the best year for the Dow industrials in 3 years

European stock markets went down on Friday, deepening their losses for the year and hinting investors are cautious to take on more risk before 2017 kicks off. Asia’s equity markets ended 2016 moderately higher, in spite of a number of unforeseen global events that had exposed to throw markets into confusion.

2 January 2017 Monday Nifty Future/Intraday Cash Trading Calls For Tomorrow
BUY Tata Steel with targets 394/395/396 and stop loss 385 
BUY SBIN with targets 251/252/253 and stop loss 240 
SELL L&T with targets 86.50/86/85.50 and stop loss 90

Get More calls for Tomorrow >>>> CLICK HERE


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