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Events to watch this week

• US Q3 annual economic growth rate revised up
• Italian government rescues Monte deiPaschi
• Scotland threatens to leave UK
• BOJ upgrades assessment, leaves policy unchanged

The Week ahead:

• Japan releases consumer price and unemployment data on Monday, 26 December
• Japan reports retail sales data on Wednesday, 28 December
• US November pending home sales figures are released on Wednesday, 28 December

For the week,Global equities dipped modestly this week while US indices barely budged. The venerable Dow Jones Industrial Average approached the psychologically significant 20,000 mark before pausing. US Treasury yields were down slightly on the week, falling to 2.53% from 2.58% a week ago. West Texas Intermediate crude lost about 75 cents on the week, ending around $52.50, while the Chicago Board Options Exchange Volatility Index (VIX) remains historically low, at 11.60.

NIFTY- 7,985.75
CRUDE OIL-Rs 3,595barrel
GOLD-Rs 27,002/10 gram
Rs/$-Rs 67.83

MARKET ROUND UP

Trading for the week ended on a positive note as key benchmark indices snapped a seven-day losing streak and settled with small gains after what was a volatile session of trade. The barometer index, the SandP BSE Sensex, gained 61.10 points or 0.24% to settle at 26,040.70. The Nifty 50 index rose 6.65 points or 0.08% at 7,985.75. The gains for the Nifty were lower than the Sensex's gains in percentage terms. After a subdued start to the session tracking weak Asian cues, indices reversed losses in early afternoon trade and consolidated further in the green in mid-afternoon trade. However, they pared gains in late trade, with the movement restricting within a narrow range throughout the session.

The Sensex gained 61.10 points or 0.24% to settle at 26,040.70, its highest closing level since 21 December 2016. The index rose 163.59 points or 0.62% at the day's high of 26,143.19. It lost 107.22 points or 0.41% at the day's low of 25,872.38, its lowest level since 24 November 2016.

The Nifty 50 index rose 6.65 points or 0.08% to settle at 7,985.75, its highest closing level since 21 December 2016. The index rose 43.50 points or 0.54% at the day's high of 8,022.60. It fell 37.05 points or 0.46% at the day's low of 7,942.05, its lowest level since 21 November 2016.

The BSE Mid-Cap index fell 0.4% and the BSE Small-Cap index dropped 0.04%. Both these indices underperformed the Sensex.

Macro Economic Front:

On the Economic Front,Prime Minister NarendraModi on Saturday gave the green signal to a slew of infrastructure projects in Mumbai and Pune, besides inaugurating the new campus of SEBI's National Institute of Securities Markets (NISM) during his daylong visit to Maharashtra.

Modi was received by Governor C.V. Rao, Chief Minister DevendraFadnavis and other dignitaries on his arrival around noon by an IAF aircraft at the ChhatrapatiShivajiMaharaj International Airport here.

Major Action &Announcement:

Sun Pharmaceutical Industries rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.

Wipro dipped 1%. The company announced that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to formally  resolve the previously disclosed six-year-old investigation.

Reliance Defence and Engineering Ltd rose 3.6% to Rs 55 after huge block deal. Around 12.3 million shares or 1.7% stake of the company changed hands in a single block deal. 

Welspun Enterprises plunged 4%. Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs 62 per equity share.

Deepak Nitrite tanked 3.7% to Rs 85.80 after huge block deal. Around 3 million shares of the company changed hands in two block deal

JK Paper rose 2%.  JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.

Suzlon Energy rose 0.29% after the company announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.

Tata Motors dropped 1.6%. The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim chairman Ratan Tata.

Global Front:

In Overseas Markets,European stocks were mixed with banks rising after two regional bellwethers settled US mortgage securities probes. Deutsche Bank's $7.2 billion settlement with the US Department of Justice over toxic mortgage securities sold in the run-up to the 2008 financial crisis was nearly half of the fine initially levied in September. Credit Suisse also agreed to pay $5.3 billion to the DOJ to settle similar charges

In another boost to European financials, the Italian government approved a decree today, 23 December 2016, to bail out Monte deiPaschi di Siena after the world's oldest bank failed to win investor backing for a desperately needed capital increase. Prime Minister Paolo Gentiloni said his Cabinet had authorised a 20 billion-euro ($20.9 billion) fund to help lenders in distress - first and foremost Monte deiPaschi.

Global Economic News:

US, UK growth revised higher
Already strong US gross domestic product figures were revised higher in the final reading for the third quarter. Originally reported at an annual rate of 3.3%, the economy grew 3.5%, according to an estimate by the US Bureau of Economic Analysis. Q4 growth looks to be somewhat less robust, with estimates in the 2.0% to 2.5% range at the moment. In the United Kingdom, Q3 growth was also revised higher. On a quarter-over-quarter basis, the UK economy expanded 0.6% in the three months following the Brexit vote, up from an earlier 0.5% estimate.

Italy rescues world’s oldest bank
Italy’s government has authorized €20 billion bailout of that country’s third-largest lender, Monte deiPaschi di Siena, after the bank failed to raise sufficient capital in the financial markets to stay afloat. Monte deiPaschi has been in operation since 1742.

Scotland threatens to bolt UK
If the United Kingdom does not remain a member of the European Union’s single market, Scotland will hold another referendum on withdrawing from it, Scottish first
minister Nicola Sturgeon said this week. Scotland voted to remain within in the EU in last June’s referendum, as did Northern Ireland, but England and Wales produced large enough majorities to win the day for the Leave campaign. In 2014, Scotland held a referendum on independence that was defeated 55% to 45%.

BOJ upgrades economic outlook
The Bank of Japan upgraded its economic assessment, noting that a moderate recovery trend had continued while exports had picked up. Improved foreign demand was credited with the export boost, along with a weaker yen, which should help solidify the recovery, the bank said. The BOJ’s super-easy monetary policy was left unchanged.

Pair of European banks settle US mortgage cases
Deutsche Bank and Credit Suisse each agreed to settle outstanding cases with the US Department of Justice involving the mis-selling of mortgage-backed securities dating back to the global financial crisis. Deutsche Bank settled for $7.2 billion, roughly half what the DOJ proposed in September. Credit Suisse agreed to pay roughly $5.3 billion. UK-based Barclays was unable to come to an agreement, and the DOJ has since filed suit in the matter.

GLOBAL CORPORATE NEWS

Praxair and Linde agree to merge
After a two-year courtship, industrial gas giants Praxair and Linde have agreed to merge their operations. The combined value of the deal is $66.6 billion.

NEW 52-WEEK HIGH BSE (A):

NEW 52-WEEK LOWS BSE (A):

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

Eyes will be set on the certain US economic data releases are:

Monday (26 Dec)
US Holiday, Market Closed
Tuesday(27 Dec)
Consumer Confidence

Wednesday(28 Dec)
Pending Home Sales Index
Thursday(29 Dec)
Jobless Claims
Friday(30 Dec)
Chicago PMI

Fundamental Pick of the week:

Sell REC Ltd For Target Rs. 120.00

The stock is making lower tops after forming a double top pattern at 140 resisting to cross the short term averages.The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

The stock has closed below its short term averages confirming the downtrend and the recent swing high will continue to act as strong resistance for the stock.

Recommendation

Short position can be initiated at Rs129-130 for target of Rs120 with a stop loss of Rs 134.

Indian Market Outlook:

Even as Nifty closed at 8000 levels this week, the Index tested levels of 7950 which is just 30 points shy of the previous month low of 7921. The benchmark Index remained weak in the last five trading sessions with FII's turning out as net sellers in the market. Nifty dropped almost 200 points from 8148 to 7953 in the course of the week's trading session.

This week the IT index was up by 2.26% expectation of growth backed by PM Mr. NarendraModi’s digital India stance post the demonetization.

TECHNICAL VIEW:

NIFTY OUTLOOK

Nifty index traded with negative bias for most part of the week and finally concluded with cut of over 1.5%.

Technically, charts are still pointing toward further fall wherein 7900 spot is the immediate support. Also, we have derivatives expiry for the Dec month scheduled in the coming week and it’ll largely guide the market ahead , in absence of any major event.

Conclusion:

Nifty made low of 7942 but failed to close above 8000,Till we do not see closed above 8000 Bears have upper hand and high probability we can break swing low of 7916. Range of 7880-7900 is again the important zone, break of the range on downside move towards 7800/7700. Holding the same move towards 8130/8250.

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 Trade in FOREX MARKET AND EARN HUGE PROFIT FROM SURE FOREX SIGNALS

Forex market has got the maximum potential for earning for any investor. The daily turnover of more than US$3 trillion, high leverage rate and stable Forex market make the Forex investment so profitable. But like any investment, you need to have a comprehensive idea of the Forex market, have competence in predicting the ups and down of Forex market and of course take the right opportunities of trading to earn money from Forex trading. Here we are providing an overview of Forex trading that will help you to earn money with Forex trading.

Forex trading is all about buying one currency with another. The basic principle for making money at the Forex market is to buy the currency at lower rate and selling that at higher rate. Or you can do the trade other way as well, that by selling the currency at higher rate and then buying it back at a lower rate. At Forex trading you are offered the price of the currency in respect to other currency and the quote at the Forex market is presented in the combination of these two currencies. Generally the first currency of the Forex quote is the base currency and the other is the trade currency. Generally it is the rate of the base currency on which the profit or loss is determined and the trading currency is the currency in which the investment is made and profit is obtained. Generally in a Forex quote the base currency is considered as one unit and the price of the trade currency for that 1 unit of base currency is given in the Forex quote. Here we are presenting an example that will help you to understand precisely how you can make money at the Forex market.

For example your speculation says that the Euro to US Dollar rate will increase in the Forex market and you are keen to get some profit from this trade and you have US$ 2000 in your account as deposit. But as the standard practice of high leverage in the Forex market (100:1) you can take a trade of as much as US$ 200,000 with your deposit of US$ 2000. Now for instance let us assume that the current quote of EURUSD is 1.2750. With the deposit you have you can invest in as much 150,000 Euro as the price of that much Euro in US$ will be 150,000 x 1.2750 = 191,250. Now according to your speculation if the rate of Euro rises to 1.2850 in respect to USD, the value of 150,000 Euro will be 150,000 x 1.2850 = 192,750 USD. So you will make a profit of 192,750 – 191, 250 = 1500 US$. So with a minimum deposit of USD 2000 you can make a profit of 1500USD that is about 75% of your actual deposit or investment. That too this high profit percentage is achieved with a minimum rise of .8% of the base currency.

Similarly if you have a speculation that says the rate of Euro will go down in comparison with USD, you can short sell the Euro at the Forex market. That means you can sell the Euro at a higher rate and then when the rate of Euro goes down, you can buy back the same quantity of Euro at lower rate to close the position and make your profit from the trade.

These are of course the simplest examples of Forex trading and there are so many other factors that can come into play when you are actually trading at the Forex market. But one thing remains constant – that is if you can choose the right time and the take right trading decision, Forex market possibly has the maximum profit potential. But to ensure that you get optimum benefit from the Forex trading you have to keep close watch on the market trend so that you do not miss any investment opportunity and make the best of the huge profit potential of the Forex market. To help you keep watch on the Global Forex and the up and down trend of the currencies, the automated Forex trading software is surely an effective medium and you gain from these systems. These systems help to determine the trend of the market as well as do the Forex trading seamlessly.

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Avoid dangerous steps and stay safe

The biggest query in front of every investor is how to make money without losing the investments and at the same time how to manage the risks which are most common in the share market. The stock market is one place which is much volatile and it is even true that there are no guaranteed profits for the investors. This is because of the ups and downs in the shares of the companies which are a result of financial changes or any political events. Along with this the performance of the companies even plays a major role in maintaining the value of the shares due to which no one can predict and invest in the market.

Here are a few attributes that make people feel that there is actually a great need of the stock market tips which are much useful to the investors in carrying out safe and secured dealings.  

·         Better returns: Looking forward for better returns is common with several investors, but the fact is that people who move with hurry surely lose their investments as the risk of getting loss is mostly seen in the stock market. Drawing better returns to the investments is much simple for the investors who actually rely over the expert stock market tips provider who is certified.

·         Gain control: This is very easy to say, but the most difficult thing to follow. Apart from dreaming to earn success, every investor must first start to accept the truth of the market and then work accordingly. Gaining control over the emotions is not very easy, but is one most crucial aspect which people require in order to withstand the situation. When an investor seeks the support of an expert they suggest in managing the funds by providing tips that are customized according to the need.

·         Never at a place: People who are new to the stock market tend to invest all their money in a single place and this leads to a great loss as no one can predict when the value of the shares all down.  The performance of the company is based on several factors and once the company starts falling down no can say when the  shares raises up. And it is always an expert who recommends in the right way which makes people stay alert and invest in enough amounts considering the changes.

·         Goals: Goals are never same with the people and there are several investors who like to get the handsome returns to their investments within no time and the one who have long term goals. Whether it is a short term or a long term goal people should get the tips that are created as per the aspect of the investors. Not just by considering the aspect, but the expert analyst offer, according to the size of investment which makes every trader gain but never lose.

·         Handle things: Handling things like tension, worry is much essential as when an investor understands that the share values of the company starts crawling down they may fall in pain. Sinking in huge debts is seen with people who invest without quality knowledge in the share market. In order to gain confidence one need to seek the support of an expert who identifies the risk and intimate regarding it to the investor.

·         Fulfill the dream: The share market or the stock market values are never the same and people looking to gain worthy returns should first compare the values and the experts guide in the right way. The analyst reports always play a major role as the experts following the key aspects creates the customized solutions. Estimating the values of the companies is easy and the experts offer a helping hand in purchasing the right shares or investing in the right place. So there is always a need for expert professional who provide important information that helps in fulfilling all the financial dreams.

Making money through the stock market not easy, but one after getting registered in a certified online portal where expert analysts offer solutions to all queries people can stay safe from sinking in  a great loss. So seek the help of the professionals who offer services just by considering the happenings in the market as creating the comforting solution which is delivered in a much convenient manner.

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Events to watch this week

• Federal funds target rate raised 25 basis points
• Trump picks Tillerson for secretary of state
• Global currencies continue fall versus US dollar
• US small-business owners' optimism rises

The Week ahead:

• Eurozone wage figures are released on Monday, 19 December
• Japanese trade data and unemployment figures are released on Monday, 19 December
• The Bank of Japan meets to decide monetary policy on Tuesday, 20 December
• Eurozone consumer confidence figures are released on Wednesday, 21 December
• The United States announces estimates for Q3 GDP on Thursday, 22 December

For the week,Global equities resumed their upward march after digesting the Federal Open Market Committee's decision this week to raise the key federal funds target rate by 25 basis points to a range of 0.50% to 0.75%. While the move was expected, markets needed a breather to factor in the FOMC's statement that it would target three rate hikes in 2017, which was more than expected. The S&P 500 Index increased 0.25% over the five days through Thursday and is up 10.83% on a year-to-date basis. The STOXX Europe 600 index is up about 6% over the past month, while the Nikkei 225 is up 8% over the same period and 17.45% over the past three months. The 10-year US Treasury bond yield continued to climb upwards after the FOMC announcement, reaching as high as 2.58% this week, its highest level since September 2014.

NIFTY- 8,139.45
CRUDE OIL-Rs 3,519barrel
GOLD-Rs 27,150/10 gram
Rs/$-Rs 67.77

MARKET ROUND UP

Market declined last week, tracking weakness in other global stocks after the US Federal Reserve (US Fed) hiked interest rate on Wednesday, 14 December 2016. US Fed also hinted at a more aggressive pattern of rate increases next year. Higher interest rates in the US could result in dollar outflows from emerging markets towards the US. Selling the Indian stock market was, however, contained by back-to-back positive data in the domestic economy.

In the week ended on Friday, 16 December 2016, the Sensex fell 257.62 points or 0.96% to settle at 26,489.56. The Nifty fell 122.30 points or 1.48% to settle at 8,139.45. The BSE Mid-Cap index fell 2.38%. The BSE Small-Cap index fell 1.68%. Both these indices underperformed the Sensex. Trading for the week started on a negative note. Banking, telecom and index heavyweights ITC and Infosys led modest-to-strong losses for key benchmark indices on Monday, 12 December 2016. The barometer index, the S&P BSE Sensex, fell 231.94 points or 0.87% to settle at 26,515.24.

Macro Economic Front:

On the Economic Front,On the macro front, India's industrial production declined 1.9% in October 2016 over October 2015. Twelve out of 22 industry groups in the manufacturing sector showed negative growth in October 2016. The data was released by the government after market hours on Friday, 9 December 2016.

Data released by the government during market hours on Wednesday, 14 December 2016, showed that the annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.15% for the month of November 2016 as compared to 3.39% for the previous month and minus 2.04% during the corresponding month of the previous year.

Major Action &Announcement:

State-run Coal India dropped 6.18%. The company's consolidated net profit fell 77.37% to Rs 600.44 crore on 6.77% decline in total income to Rs 17625.09 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Tuesday, 13 December 2016.

State Bank of India (SBI) fell 0.47% to Rs 264.75. SBI announced that the executive committee of the central board (ECCB) of the bank at a meeting held on 9 December 2016, approved divestment of 3.9 crore equity shares constituting 3.9% stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. The announcement was made after market hours on Friday, 9 December 2016.

Auto major Tata Motors rose 1.82% to Rs 472.50. Tata Motors Group global wholesales including Jaguar Land Rover (JLR) rose 1% to 91,832 units in November 2016 over November 2015. Global wholesales of all passenger vehicles rose 5% to 64,862 units in November 2016 over November 2015. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range fell 7% to 26,970 units in November 2016 over November 2015. The announcement was made after market hours on Friday, 9 December 2016.

Sun Pharmaceutical Industries (Sun Pharma) fell 3.85% to Rs 647.10. Sun Pharma and Israel-based Moebius Medical, a biotechnology company that is developing novel pain relief treatments for osteoarthritis, have entered into an exclusive worldwide licensing deal to further develop MM-II, a novel pharmaceutical candidate for the treatment of pain in osteoarthritis. The announcement was made after market hours Monday, 12 December 2016.

State-run NTPC fell 2.53% to Rs 159.95. NTPC announced that it has decided to raise Rs 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% per annum with a door to door maturity of 15 years today, 14 December 2016. The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects and other general corporate requirements. The announcement was made after market hours Tuesday, 13 December 2016.

Hindustan Unilever (HUL) fell 3.26% to Rs 817.30. HUL announced that Pond's Exports (PEL), a subsidiary of HUL, engaged in the business of manufacturing of leather products, has entered into an agreement with Hindustan Foods for sale of certain movable assets and inventory with respect to the leather business of PEL. Hindustan Foods has thus made an entry in the leather shoes exports space with a global clientele. The announcement was made during market hours on Friday, 16 December 2016.

Global Front:

In Overseas Markets,On the global front, the two-day Federal Open Market Committee (FOMC) meeting concluded on Wednesday, 14 December 2016, with the US central bank hiking the interest rates by 25 basis points, an outcome that was largely factored in by the markets globally. This is the first interest rate hike for the US market since December last year. However, the investors were caught unaware with its forward-looking stance, which indicated that the central bank may cut rates at a much faster pace than expected in 2017. The US Fed signalled that there could be three interest rate hikes next year, up from the two flagged in the September policy meeting, media reports suggested, which impacted the markets last week.

Global Economic News:

Markets take rate increase in stride
This week's FOMC decision to raise the federal funds rate by 25 basis points comes a full year after its last hike. While the yield on the 10-year US Treasury bond was about the same last year, the market environment was quite different then. This week's hike came amid rising euphoria in equity markets, as investors continued to reallocate from defensive and "bond-like" equity positions into riskier segments of the market. Equity market volatility is much lower this year, and there is greater dispersion among stock prices. Credit and liquidity conditions are also stronger now versus a year ago. High-yield sector spreads, for example, are compressed near their 24-month lows, signaling favorable conditions for corporate borrowers. Energy sector spreads, which peaked around 1,600 basis points this year, have recently fallen below 500 basis points, according to Strategas Research Partners.

Trump to nominate Exxon Mobil CEO Rex Tillerson as secretary of state
President-elect Donald Trump this week announced his intention to nominate Exxon Mobil chief executive Rex W. Tillerson as secretary of state. The choice of Tillerson's was criticized by senators on both sides of the aisle, who object his business dealings with Russia and its president, Vladimir Putin. Tillerson has spent his entire career at Exxon. Trump also announced that former Texas governor Rick Perry is his choice for energy secretary.

Global currencies fall versus US dollar
The US dollar continued to strengthen this week versus most major currencies. The Japanese yen has declined 11% since the US presidential election, while the Mexican peso has fallen 10%. China's yuan has also slid, while its capital outflows have ticked up. Japan surpassed China as the largest holder of US government bonds this week. China's government has been selling foreign currency reserves in an effort to protect the yuan.

Small-business owners optimistic but still not spending on capex
The US NFIB small-business optimism index rose by 3.5 points in November to 98.4, beating consensus estimates and rising above its 42-year average. Small-business owners reported, however, that they are less optimistic about capital expenditures. Just 24% of those surveyed plan to spend on capex in the next 3 to 6 months.

NEW 52-WEEK HIGH BSE (A):

NEW 52-WEEK LOWS BSE (A):

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

Eyes will be set on the certain US economic data releases are:

Monday (19 Dec)
PMI Services Flash
Tuesday(20 Dec)
Week Bill Auction

Wednesday(21 Dec)
Existing Home Sales
Thursday(22 Dec)
Jobless Claims
Friday(23 Dec)
New Home Sales & Consumer Sentiment

Fundamental Pick of the week:

Buy UPL Ltd For Target Rs. 700.00

Strategy:-

Strategy:- UPL added around 6% of open interest as fresh long positions along with some delivery based buying in previous sessions. Daily vwap is around 655 levels. On charts, it has created a fresh buying pivot on daily as well as on intraday charts above 100 EMA. We recommend doing a covered call strategy as per levels given below.

Recommendation

BUY UPL DEC FUTS BETWEEN 657-660, SL 640, TARGET 700.

Indian Market Outlook:

Nifty Futures rose sharply by 140 points in first 35 mins of trading friday. Nifty opened gap down at 8129 and made a low of 8123 followed by a sharp buying to make a high of 8264. However, Nifty traded in a range of 78 points for rest of the day to finally close at 8177. The open interest data showed a heavy buying on the 8th Dec from a low of 8164 in Nifty Futures.  Nifty futures took support of the same level, 8166, in the second half of trading. Nifty futures is expected to find its major support at 8160 levels, with an immediate resistance at 8260. However, if 8160 is breached on the down side might result in Nifty retesting its November low of 7921. The Open Interest data yesterday along with the Cash market activity display a weakness before this week.

TECHNICAL VIEW:

Now coming week holding 8250 nifty can  move towards 8330/8370/8444. Bearish below 8250 for a move towards 8180/8100.

Nifty opened below 8250 and did the target of 8180 and low made 8121 near 8100. Bulls are backend till we do not close above 8154, Above 8154 target 8230/8272. Below 8130 move towards 8097/8051/8000.

Conclusion:

Zone of 8154-8250 is like no trade zone for trend followers and paradise for scalper :). As Time Cycle is changing so expect this range to break in next 2 trading sessions. Above 8250 target 8330/8370/8444.Below 8150 target 8100/8050/7972. High made friday 8178 and close at 8139 so small range breakdown has happened , Monday we should see follow down move towards 8100/8050 till we are closing below 8150, Trading activity will reduce in next 2 weeks best strategy is to sit out analyze the trades of 2016 and see what all improvement can be done so that 2017 will be more better than 2016. Invest time in education and spend time with your families, Every day is not meant for trading.  Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444.    Bank Nifty continue to frustrate trend traders.

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Invest in the appropriate place and earn positive returns  

People plan to gain money by investing in the market and the commodity market is one safe place for a trader who follows strategy. One who understands the basics of the market can easily gain the profits and it is a must to get the updates from an analyst who is certified in providing tips. There are several professional vendors who offer basic instructions on how to trade following which investors even in the beginning state can gain a lot and stay safe. Investing in the market is not just to purchase or sell the shares or the goods, but it is to understand when to step ahead and when to withdraw from the market. There are a few places where retail traders or investors tend to actually invest and it is the commodity market as here the participants invest over the physical stocks.  

Commodity exchange

Multi Commodity Exchange of India Ltd mostly known as MCX is a category in commodity exchange which is established a couple of years ago. With headquarters at Mumbai there is a lot of exchange and trading completed and people gain several benefits.

·         The market runs on a few specifications and a few are released considering the changes in the market. The basic features of the commodity market are that people focus on buying and selling on the exchange platforms.

·         People looking to invest in the commodity trading need to work according to the changes of the market and the SEBI regulates the market happenings. One planning to invest in metals, crude oil, natural gas and a few more trading goods need to plan properly as a few products owe a worthy market.

·         Even the trading is carried out with the exchange of several rupees due to which people who plan well and invest appropriately win the commodity trading. The MCX after the launch earned several awards and rewards as this is one genuine place that makes people gain through trading.

·         Within past two decades, this is rewarded to be the best commodity exchange where participants owe amazing awareness which is much essential in business. The commodity derivates and support in earning better idea and the daily updates are delivered through the media including the magazines, news papers and with change in technology people started offering through the online portals.

·         Compared with the share market the commodity market is less volatile and the participants may not sink in huge debts as if in the stock exchanges. This is not completely free of risk, but in a few cases people are safe and one must understanding the risk management in order to withstand the simple disturbances.

Participation in trading is simple and exchanges are even carried out as per the rules and regulations and terms are much transparent in the commodity sharing. The MCX always rises up and the one who manages all the risks efficiently following the guidance are secured and can achieve their goals easily. Improvement in the commodity market or any sort of change is mentioned only by the person who is qualified in technical analysis as they can easily create solutions on how to buy and when to sell.

Expert guidance

Following the expert suggestion is the only way to get the perfect solutions regarding various investments and people should be ready to accept the fact. The expert professional guide in a proper way and even make an investor understand the starting amount for investments which yields better returns. The analyst even makes sure that every trader earns pocketful returns with minimum funds by investing at certain place which comforts all the beginners.

The online portals offer information for free during the trial period and with a free subscription they deliver customized solutions as per your need. People looking to invest in gold, crude oil or even in any other products the analyst offer thorough support considering the commodity derivatives and support in positive exchange. The experts even suggest in future exchange and help in gaining quality returns to the investments. It is curial to open a trading account and get immediate updates from the vendors who help in trading commodities. Ensure to invest in the products that are in continuous supply and this depends on the demand due to which one need to seek professional guidance and choose the platform to invest. 

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Events to watch this week

• US stocks reach new high
• ECB extends quantitative easing another year
• Renzi resigns in wake of Italy referendum
• Austria elects establishment candidate
• China's imports and exports on the rise

The Week ahead:

• China's industrial production and retail sales data are released on Monday, 12 December 12
• The Federal Open Market Committee meets on Tuesday and Wednesday, 14–15 December
• The eurozone's industrial production figures are released on Wednesday, 14 December
• US business inventory, retail sales and industrial production data are released on Wednesday, 14 December
• US Consumer Price Index, NAHB housing market index and jobless claims data are released on Thursday, 15 December

For the week,Global equities recorded solid gains this week, as major US indices set fresh records and European stocks posted their best week since February. The S&P 500 Index gained 2.75% through Thursday and about 4.05% for the month, setting a new all-time high. Oil prices slid slightly this week, with West Texas Intermediate crude falling 58 cents a barrel to $51.10 and global Brent dropping 46 cents a barrel, to $54.01, as of early Friday morning. The yield on the 10-year US Treasury note increased 8 basis points week over week, trading at 2.46% Friday, and was about 55 basis points higher than it was on November 8, Election Day in the US.

NIFTY- 8,261.75
CRUDE OIL-Rs 3,471barrel
GOLD-Rs 27,585/10 gram
Rs/$-Rs 67.42

MARKET ROUND UP

Indian equity markets registered strong gains in the week ended Friday, 9 December 2016, inline with the sentiments in global markets. Barring a single trading session on Wednesday, 7 December 2016, the two key benchmark indices viz. the S&P BSE Sensex and the Nifty 50 index, landed in green in four out of five trading sessions. The indices bucked positive trend in the post-noon session on Wednesday on the heels of the Reserve Bank of India's (RBI) decision to keep key interest rates steady.

The Sensex surged 516.52 points or 1.96% to settle at 26,747.18. The Nifty jumped 174.95 points or 2.16% to settle at 8,261.75. The BSE Mid-Cap index rose 2.75%. It outperformed the Sensex. The BSE Small-Cap index advanced 1.96%, matching the Sensex's gains in percentage terms.

Macro Economic Front:

On the Economic Front,Data released by Markit Economics during the week showed that India's services sector activity declined sharply last month as cash shortages hit the sector in the wake of the government's move to demonetise higher denomination notes. The seasonally adjusted headline Nikkei India Services Business Activity Index dropped to 46.70 in November, from 54.50 in October, registering contraction for the first time since June 2015 and pointed to the sharpest reduction in output for almost three years.

Major Action &Announcement:

Mahindra & Mahindra (M&M) was up 3.96%. The company announced that IT will be undertaking scheduled maintenance shutdown at some of its automotive and tractor plants in December 2016. The announcement was made after market hours on Thursday, 8 December 2016.

Tata Motors surged 7.16%. The company said that Jaguar Land Rover (JLR), the UK's leading manufacturer of premium luxury vehicles, reported its best ever November retail sales. JLR reported 2% rise in total sales to 47,588 vehicles in November 2016 over November 2015. The announcement was made during market hours on Thursday, 8 December 2016.

Cipla advanced 1.38%. The company said it received final approval for its abbreviated new drug application (ANDA) for Entecavir Tablets USP 0.5 mg and 1 mg, from the United States Food and Drug Administration (USFDA). The announcement was made during market hours on Thursday, 8 December 2016.

Dr Reddy's Laboratories (DRL) rose 0.21%. The company during market hours on Monday, 5 December 2016, announced that it has launched Nystatin and Triamcinolone Acetonide Cream, USP in the US market, approved by the US drug regulator, US Food & Drug Administration (USFDA).

Lupin advanced 1.81%. The company announced that Lupin Somerset also known as Novel Laboratories, Inc received final approval for its Hydrocodone Bitartrate and Acetaminophen Tablets, USP, 5mg/325mg, 7.5 mg/325 mg and 10 mg/325 mg from the United States Food and Drug Administration (FDA) to market a generic equivalent of Allergan Sales LLC's Norco Tablets 5 mg/325 mg, 7.5 mg/325 mg and 10 mg/325 mg. The announcement was made after market hours on Monday, 5 December 2016.

Tata Steel jumped 5.88%. Tata Steel UK on Wednesday, 7 December 2016, reached an agreement with trade unions on a number of proposals that would structurally reduce risks and help secure a more sustainable future for its UK business.

Separately, Tata Steel also announced that its subsidiary, TM International Logistics (TMILL) has divested entire stake in its wholly owned step down subsidiary TM Harbour Services (TMHSPL) to Adani Ports and Special Economic Zone (APSEZ) for a total consideration of Rs 106 crore in an all cash deal.

BhartiAirtel rose 3.22%. The company on Thursday, 8 December 2016, launched two new bundled packs for its prepaid customers with free voice calling and substantial data benefits. These two packs add to Airtel's wide bouquet of innovative packs and plans for customers, offering them more flexibility. The announcement was made during market hours on Thursday, 8 December 2016.

Power Grid Corporation of India (PGCIL) was up 0.38%. The company announced that a meeting of committee of directors for bonds is planned to be held on 14 December 2016 to consider issue of secured, redeemable, non-convertible, non-cumulative, taxable bonds (debenture) under private placement. The announcement was made after market hours on Thursday, 8 December 2016.

Global Front:

In Overseas Markets,the European Central Bank (ECB) on Thursday, 8 December 2016, pledged to continue with its programme of money printing to shore up the euro zone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month.

ECB left interest rates unchanged and said it would continue its programme of quantitative easing (QE) to next December or beyond if necessary. But the central bank said it would reduce its monthly asset buys to 60 billion euros as of April, from the current 80 billion euros. It, however, said it reserved the right to increase the size of purchases again.

Global Economic News:

Global stocks continued to post strong gains this week as investors moved out of defensive asset classes, taking on more risk. The strongest pockets of the US market since the election have been materials, industrials, energy, financials and technology. Meanwhile, high-yield bond sector spreads remained compressed, with most sectors sitting at 52-week lows, indicating that investors are still seeking yield opportunities. Emerging market bond spreads also shrank this week, while US investment-grade bond spreads narrowed as well, albeit slightly. Yields on municipal bonds also fell this week, indicating a reversal of a recent selloff in the asset class.

ECB will continue QE through 2017
The European Central Bank announced that it would extend its quantitative easing program until December 2017, although it reduced its monthly purchases to €60 billion from €80 billion. The ECB tweaked its rules to allow the purchase of bonds yielding less than its -0.4% deposit rate. Markets were mixed on the news. Longer-dated German government bond yields increased, while shorter-term German yields fell. The euro declined about 1.39% against the US dollar.

Italians reject constitutional reform
Italian voters rejected a referendum on constitutional reform early last week, prompting Prime Minister MatteoRenzi to resign. The  result continues the anti-establishment trend in the United States and Europe. Renzi agreed to remain in office until the Italian Senate passes a 2017 budget. Moody's cut Italy's sovereign rating outlook to negative from stable after the vote. The outlook change means the credit rating agency could downgrade Italian debt if current conditions remain the same. The country's debt is currently rated two notches above junk status. Shares of Italian banks fell after the vote. The Italian government is preparing to take a €2 billion controlling stake in the bank Monte deiPaschi, whose shares fell 15% on the week.

Austrian voters buck anti-establishment trend
Austrian voters elected pro-European candidate Alexander Van der Bellen as president this week, bucking the anti-establishment mood in the European Union. Van der Bellen won a close contest in May, but voting irregularities forced the week's runoff election.

China's exports rise
China's trade data surprised analysts to the upside this week as imports and exports both increased sharply in November. Exports rose 0.1 % year over year, reversing a 7.3% decline recorded in October, while imports grew 6.7%, the fastest pace since 2014. The growth in imports suggests stronger domestic demand while the rise in exports indicates that global demand has also strengthened. Despite these increases, however, China's imports and exports remained negative for the year through November. The yuan has fallen about 3% versus the US dollar since October, while China's foreign exchange reserves fell to their lowest level since March 2011. China's reserves fell $69 billion in November, which was its fifth straight monthly decline.

NEW 52-WEEK HIGH BSE (A):

NEW 52-WEEK LOWS BSE (B):

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

Eyes will be set on the certain US economic data releases are:

Monday (12 Dec)
Treasury Budget
Tuesday(13 Dec)
FOMC Meeting Begins & NFIB Small Business

Wednesday(14 Dec)
Retail Sales & FOMC Forecasts
Thursday(15 Dec)
Consumer Price Index &Jobless Claims
Friday(16 Dec)
Housing Sarts

Fundamental Pick of the week:

Buy biocon Ltd For Target Rs. 28.00

Strategy:-

BIOCON added around 11% of open interest as long positions along with some delivery based buying in previous session. It has also witnessed breakout from ‘Inverted Head & Shoulder’ pattern on daily charts. We recommend doing a bull spread as per levels given below.

Recommendation

BUY BIOCON 940 CE AT 27-28 & SELL 980 CE AT 12-13, SPREAD AT 15, SL 9, TARGET 28.

Indian Market Outlook:

This week markets witnessed one of the historic events in the Indian Economy where after the Demonetization, markets were keenly expecting a minimum of 25 bps rate cut. But, to surprise all, Mr. Urjit Patel kept the RBI's stance unchanged shocking the markets on Wednesday. Nifty made a low of 8095 post RBI policy, just 20 points short of its Monday's low of 8075.

Monday through Wednesday, Nifty rose by 142 points and fell sharply by 122 points post RBI. However, markets have regained their strength and rose by 200 points from its Wednesday's low of 8095 to make a high 8295. This upside rally was contributed by strong fundamentals of the Indian economy accompanied with strong International markets.

TECHNICAL VIEW:

Nifty gave multiple Long entry on Monday and Wednesday  and did the 3 target on upside our 3 target was 8280, High made was 8275  so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as we have Fed policy  outcome  on 14 Dec. Now for coming week 8091 will play crucial role above which again a move towards 8175/8250.  Bearish below 8031 for 7900.

Conclusion:

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Trading is passion in many of us and a majority of the traders enjoys using the standard techniques and the opportunities that support them in earning more.  Every trader needs to step ahead with a better confidence and even discover the opportunities to earn the profits in the market that works five days a week.

Forex trading is one of the most popular and renowned market in the world which are open throughout the day for foreign exchange. This is a bit different from the regular share market and it is true that traders can work round the clock excluding the weekends.

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The professional expert

In order to invest or carry the trading in the forex it is a must to pick the full range of platform that supports in trading completely. Seek the support of the research specialist who offers amazing returns in the form of the suggestions which are much useful for the beginners, intermediate or expert traders.  There are alternative platforms that are the perfect or ideal forex trading platforms which help in enjoying a unique trading style.

Notice the change

People looking to earn profits through the forex market need to understand the market and keep an eye on the changes as per the market conditions. Getting updated regarding the changes makes one easily know more about the fluctuations and other happenings which is one easy way to manage risk. This market is not much volatile, but the changes are based on the political and economical events.

The currency pairing

And the ability of gaining instant exposure to the foreign currencies is not very tough as these deals with the foreign exchange and other issues. Forex market is the trade market where a lot of exchange of foreign currencies is seen as there are several currencies in pair. The currency pairs are to be chosen in a systematic manner and know the major currency pairs along with the minor currency pairs. Understanding more regarding the pair supports people in trade properly and the risk of losing the currency is less or balanced when the currency is paired in the right way.

Identify the risks

The trading is done as per the expectation and every trader can earn the best exchange price and earn profit.   The pair trading is one of the most seen types in the forex market and the market moves the price value changes.  In order to get strengthen the position it is a must to move in a specific manner. Understand the risks involved in the volatile market and then get profits by avoiding the risks that are common in the market. Managing your risks is easy when you understand them and make sure that you keep an eye on the changes.

Follow a procedure

Make a plan and stick to the systematic procedure that is amazing and proved to be worthy as this is the only way to lower or manage the risks in the forex market. Understanding the risks and using the modern tools that supports the trader to be safe from the fluctuations in the market and market analysis helps a lot by limiting the risk. The technical indicators support a lot in turning every trader to be a smart trader who invests and get the money in safe lines. By lowering your trading costs it becomes extremely easy to maximize the value and after learning the fundamentals one can easily turn to be a successful trader.

The time when the other currency gets weaken the pair currencies method support and a trader can gain profits selling the other currency.  In order to complete the transactions safely it is a must that every trader, learn new language and vocabulary that support in making the transactions. Know the leverage and margin which makes one to maintain their positions in the forex market and at the same time gain proper control over the profits. Also one can trade at the different places by seeking the support of the professional expert who considers the changes in the market.

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The government on Thursday made petrol and diesel cheaper for those paying digitally and offered up to a 10 percent discount on insurance premium paid through state-owned companies’ online portals, as part of a string of new measures to wean people away from using cash.

Finance Minister Arun Jaitley announced the new steps as the government took stock of developments a month after the old Rs 500 and Rs 1,000 notes were demonetised on November 8. Here are the new measures announced on Thursday: Fuel purchases For those paying through cards and e-wallets, petrol and diesel purchases will be cheaper by 0.75 percent Point-of-sale machines The government will provide two Point of Sale (PoS) machines for free to each of the one lakh villages that have a population of upto 10,000.

Around 750 million crore people will get access to these machines. Also, fee for PoS devices given by banks will be capped at Rs 100. Currently, there are 6.5 lakh such PoS across the country. Suburban season tickets Seasonal and monthly tickets of suburban railway networks will offer a discount of 0.5 percent if paid digitally. The discounts will start from January 01, 2017 from Mumbai Suburban Railway network Rail ticket incentives Railways passengers who purchase tickets online will be eligible for an accident insurance coverage of Rs 10 Lakh for free. Currently, 58 percent passengers buy tickets online Passengers making payments online will also be eligible for 5 percent discount on accommodation, catering and retiring room at railway stations. Service tax waiver No service tax will be charged on credit and debit card payments on transactions of up to Rs. 2,000.

Insurance cover Customers paying payments through online gateways of public sector general insurance companies will be given a 10 percent discount. The discount will be 8 percent for premium made through the portal of Life Insurance Corporation (LIC) Government bodies and central public sector undertakings will not charge a transaction fees for digital payments.

Toll plaza sop Highway users will be eligible for a 10 percent discount if tolls are paid through the digital mode People who pay digitally at toll plazas on national highways will get a 10% discount.

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Tensed about BLACK MONEY? Lets earn via TRADING IN A LEGAL WAY THROUGH OUR STOCK TIPS

Fight with the socioeconomic evil black money

India is a vast country with an amazing history and brave stories which makes the country famous in the world. With a rich heritage and culture the country stands in a special place and is even becoming more popular because of the black money.  There are several issues which the economy of the country started facing issues due to the stocks of black money in the country and this makes the country suffer with terrorist attacks and corruption. In order to make the country free from corrupted people the government took several effective steps, but the people who tend to cheat government find several loop holes that make them escape from the clutches of law.

Impact on revenue

This socioeconomic evil black money makes the government lose the revenue as the people who owe black money don’t pay the tax on large scales. The taxation is decided on the basis of the income and many other variables and a few people with an intention to cheat do not pay the tax and consumes a lot.  As this owes direct impact on the government revenue the government is always running with a deficit budget and is standing as a burden on the genuine tax payers and the common man. The rich turns richer and the poor cannot even withstand the tough situations due to lack of funds. The scarcity of the resources kills peace in the country and makes people suffer a lot for essential goods as people fail to gain the ability to buy the goods.  If this sort of evil practices continuous in the country people suffer with excess increase in costs and the cost of living becomes much unbearable for a common man. In order to avoid such painful instances and teach a worthy lesson  to the one with black money the  authorities started implementing various rules.

Unfair transactions

People who skip the tax due to the complex tax structure owe excess black money and even save them in the foreign banks. The world famous Swiss bank owes accounts of several people who tend to hide their income without paying the taxes. The black money holder’s watch for the time and even after several agitations there is no noticeable change in the corrupted officials. A lot of black money is even used in investing in the real estate and people use the money during the election process. The crore of black money is used in election campaigns and the financial companies even run away with the money. The black money people who use to purchase properties, gain license carry heavy transactions in bribing skipping the paying tax without the knowledge of the government. There are several routes which people loaded with black money do using the money and the unfair transactions lead to unpredictable consequences.

A bold decision

The black money is disturbing the country and it owes a huge impact on the economy of the country which owes a negative impact on the growth of the country. Many governments and leaders started fighting against black money and in the present scenario the PM Sri Modi took a bold step which started making the regular tax payers feel good as the people with black money are unable to use the currency.

·         Though the ban on the normal  currency leads to a few chaos initially the genuine tax payers and people who are responsible never face trouble the one who stores money without proper accounts  or the one who have fake accounts will be punished as per the terms according to the government.

·         In order to drive away the dirty money from the country the government started taking bold steps that brings all the money in to light.

·         As people who deposit more than 2.5 lakhs need to provide the complete details people owing the large denominations suffer a lot and the one with specific proofs need not worry.

So after the large currency denomination ban people started depositing the money in banks and there is a break in the transactions along with the restricted exchange limit of the currency notes the government is easily locating the people who have stored much of the black money. Hope this step of Sri Modi drives away the socioeconomic evil black money and makes sure that the rich and poor lead a normal life in a peaceful country.