CAPITAL WAYS WEEKLY TECHNICAL BASED RECOMMENDATION | SHARE MARKET UPDATES .

Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss

NIFTY: +16.80(+00.18%)

As last week saw Nifty hold support level 9450 and closed the week on moderate note around 16.80 points UP at 9520.90 Nifty was traded earlier with a negative note but later on it’s covered a gain and shown a profit booking. Index lies between the ranges of 9600 to 9400 throughout the week.

Market has entered into negative zone. Market would remain weak until nifty is below 9600 levels and trader can continue to hold his short positions as of now. Once Nifty closes below 9450 levels, it would move sharply negative towards 9370-9280 levels. Fresh long positions should be initiated only if Nifty managed to close above 9649 levels.

BANKNIFTY: -16.10(-0.07%)

Overall trend is bullish in Nifty Bank. As last week Bank nifty traded on a negative sentiment and later on it’s showing a profit booking. It closed at 23,211.20. Nifty Bank took a support of 23000 and bounced back again with a positive note. During the week the index breach the major resistance of 23500.

Recommendation Stock for the WEEK

Script Name - CANFINHOME BUY – 3244 ACTION - BUY STRATEGY - CONSOLIATION STOPLOSS – 3196

R1 -3240 R2 - 3220 PIVOT -3200 S1 - 3180 S2 -3160

justification

In weekly chart of CANFINHOME Its looking very good for BUY side and buying level is 3244 hold with the SL of 3196 and in this week upside target is 3294

SCRIPT NAME - ARVIND BUY – 361.60 ACTION - BUY STRATEGY - CONSOLIDATION STOPLOSS – 357.60

R1 - 468 R2 -470 PIVOT -472 S1 - 474 S2 - 476

justification

In weekly chart of ARVIND is looking good for buy and its buying level is 361.60 hold with the SL of 357.60 and in this week upside target is 365.60 if cross that level then it’s very good its breakout level.

SCRIPT NAME - VOLTAS BUY – 459 ACTION - BUY STRATEGY - CONSOLIDATION STOPLOSS – 455

R1 – 459 R2 – 457 PIVOT – 455 S1 – 453 S2 – 451

justification

In weekly chart of VOLTAS is looking good for buy and buying level is 459 hold with the SL of 455 and in this week upside target is 463 if cross that level then it’s very good its breakout level.

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NIFTY OPENS JULY SERIES BELOW 9500,SENSEX SHEDS 100 PTS | STOCK MARKET REPORT UPDATE 30 JUNE 2017.

MARKET LEVEL UPDATES

SENSEX (30th June 2017) Trend : up Preopening Price : 30824.97 Gap up : -32.55 (-0.11%) Support : 30432-30735 Resistance: 31038-31342 

NIFTY (30th June 2017) Trend : up Preopening Price :9486.00 Gap down : - 43.00 (-0.45%) Support : 9404 -9488 Resistance : 9541-9572 

BANK NIFTY (30th June 2017) Trend : up Preopening Price : 23137.25 Gap down: -90.05 (-0.39%) Support : 22712-23077 Resistance : 23442-23807

MARKET REPORT | STOCK TIPS PROVIDERS COMPANY

The market started off July series on a weak note, with the Nifty falling below 9500 level on weakness in banks stocks.

The 30-share BSE Sensex was down 115.22 points at 30,742.30 and the 50-share NSE Nifty slipped 37.20 points to 9,466.90.

Asian Paints, Tech Mahindra, Tata Motors, Tata Motors DVR, HDFC, HDFC Bank and Kotak Mahindra Bank were under pressure while Bank of Baroda and Sun Pharma gained in early trade.

The broader markets were also under pressure, with the Nifty Midcap down 0.5 percent as about two shares declined for every share rising.

Jaypee Infratech, Aditya Birla Money, Aditya Birla Nuvo, Grasim Industries, Amtek Auto, Metalyst Forging and Shiva Cement gained 1-7 percent.

Fortis Healthcare was down 2.5 percent on Nomura downgrade. Jain Irrigation, Havells India, DCB Bank and InterGlobe Aviation were also under pressure.

The Indian rupee slipped 9 paise in the early trade at 64.72 per dollar versus 64.63 Thursday.

Ashutosh Raina of HDFC Bank expects the pair to trade in a range of 64.50-64.90/dollar for today.

Asian markets lost ground despite China manufacturing activity beating expectations. Japan's Nikkei 225 dropped 1.08 percent while the Kospi slipped 0.2 percent and Australia's S&P/ASX 200 pulled back 1.45 percent. Hong Kong's Hang Seng Index declined 0.88 percent. On the mainland, the Shanghai Composite was off by 0.18 percent.

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NIFTY OPENS ABOVE 9500 SENSEX GAINS 150 PTS | TODAY STOCK MARKET OUTLOOK .

MARKET OUTLOOK

NIFTY JUN FUT (29th JUN 2017)

 Trend up : pre opening : up 9533 ( 31.70.) Support : 9422-9482

BANKNIFTY JUN FUT (29th JUN 2017)

 Trend :up pre opening : up Support : 22862-23122 Resistance : 23345-23572

SENSEX (29th JUN 2017) 

Trend : up pre opening : up Support : 30572-30788 Resistance : 30962-31171

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