Saturday, April 02, 2016

Weekly Review - 04th April. 2016

Dear All,


Markets will watch out for the RBI policy meet next week and a rate cut of above 50 bps could be a positive surprise. However, 25 bps is already factored in the markets. One of the key cues that we would look at is the earning season and how the monsoons will actually pan out.

World stocks gained during major part of the week after US Federal Reserve chair Janet Yellen indicated that the central bank would move cautiously in regards with interest rate hike.

On the macro-economic front, economic data released by the government on Thursday showed that the output of eight core industries comprising nearly 38 per cent of the weight of items included in the Index of Industrial Production (IIP) surged 5.7 per cent in February 2016, the highest rate of expansion in the past 15 months.

Bank shares edged higher on expectations of rate cut by RBI. Further, the central bank on Tuesday clarified some of the provisions relating to the Marginal Cost of Funds based Lending Rate (MCLR) system, which came into effect from April 1, 2016.

WEEK AHEAD:-

The major event next week is the first bi-monthly monetary policy of the Reserve Bank of India (RBI) for FY16-17 on Tuesday amid clamor for a 25 bps rate cut.

Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for March 2016 on Monday.

The initial public offer (IPO) of Chennai-based microfinance lender Equitas Holdings opens for bidding on Tuesday.

On the political front, six-phase polling for assembly election in West Bengal and two-phase polling for assembly election in Assam kicks off on 4th April, 2016


>>> Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<

Its a Hanging Man on Weekly Chart. Bearish Cross over should be noted down. Caution Advised.

>>> Nifty Hourly Chart <<<

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Hourly chart suggest a bounce possible if 7666 holds.

>>> Bank Nifty Daily Chart <<<

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RBI Policy on 05th April, 2016. Looks like market expecting more from Rajan. Any dis-appointed move from rajan may Upset Bulls.

>>> Bank Nifty - Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Its an expanding - zig zag upmove, finds its resistance @ 16265.

>>> CEAT LTD - Posted on Last Weekly Review <<<

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Wrote on last weekly review - we have entered short on CEAT Ltd for the third time. See what happened.

>>> CEAT Ltd - Booked a Good Profit <<<

>>> Click the chart to see on full screen <<<

Booked a Good Profit of Rs.42000/-

>>> Apollo Tyres - Holding <<<

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Apollo tyre - Still on Hold.

>>> BharathForge - Booked Profit <<<

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Have Booked Rs.13000/- Profit.

>>> BOSCHLTD - SL HIT FIRST TIME & BOOKED PROFIT SECOND TIME <<<

>>> Click the chart to see on full screen <<<

Thursday - SL hit and Re-entered short on Friday - Booked a Good Profit of Rs.21000/- Cheers!!!

>>> Performance for the month end of March, 2016 <<<

>>> Click the chart to see on full screen <<<

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