Sunday, September 10, 2017

Weekly Review - 11th Sep, 2017

Dear All,


North Korea crisis :-

The biggest determinant of the financial markets movement across the world will be what North Korea does next. According to reports, the nation is preparing to launch an ICBM (intercontinental ballistic missile) at full range on Saturday. South Korean media reported that a North Korean ICBM was on the move. Investors appear to be sitting on the edge with a keen eye on Pyongyang’s activities. Any further escalation is bound to rattle financial markets world over.

IIP data for July :-

The government will release industrial production data for July on September 12, 2017 (Tuesday) post market hours. The growth rate of industrial output, measured by the Index of Industrial Production (IIP), slumped to 1.7 per cent in May from 8 per cent expansion in the same month last year.

Inflation numbers :-

Inflation numbers are also slated to release next week. Inflation data based on consumer price index (CPI) for August will be out on September 12 after market hours. Retail inflation jumped to 2.36 per cent in July on a yearly basis after easing for three straight months.
In addition, WPI (wholesale price index) based inflation numbers for August will be released on Thursday, September 14, 2017. Wholesale inflation rose to 1.88 per cent in July as prices of some commodities increased in the first month of Goods and Services Tax (GST) rollout. Inflation based on the wholesale price index (WPI) was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.

GST Council meet :-

The GST Council on Saturday did not raise the cess on the auto industry as much as it was expected to, lowered rates on 40 items of daily use, extended the date for filing returns and set up a panel of ministers to monitor issues faced by the GST network. The council, which met in the capital of Telangana on Saturday for nearly eight hours, softened the blow on the car industry by introducing only a part of the 10% cess on automobiles and imposing it in a graded manner. Related stocks and sectors will react to the decisions when trading resumes on Monday.

Bank of England policy meet :-

The Bank of England is scheduled to hold its next monetary policy meeting in the coming week with a decision due on Thursday (September 14). Although, the bank is expected to maintain status quo on policy rates, there are chances it could present a shift in its tone. “While there is zero chance of any policy action at this meeting, the thrust of the minutes and the vote could yet spring some surprises,” Alan Clarke, an economist at Scotiabank was quoted as saying by Bloomberg. Recent news “has been mildly hawk-friendly,” he said.

>>> Nifty Daily Chart <<<

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Price so far trading between 9988 & 9860. Break on either side may give direction.

>>> Nifty Hourly Chart <<<

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Price must break above 9988-90 for Rally or Must break below 9860 & 9780 for a Fall.

>>> Bank Nifty Daily Chart <<<

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Cross Above Resistance 24495 may give Rally. Break below Support 24150 or 24090 may trigger correction.

>>> Bank Nifty Hourly Chart <<<

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Resistance @ 24495 & Support @ 24150 & 24090.

>>> CNX-PSUBANK-NIFTY - Hourly Chart <<<

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PSU Banking Index if holds 3200 - Expect bounce back - Watch all PSU Bank Stocks.

>>> SBIN - Hourly Chart <<<

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We have no holding, We may or may not enter as per movement.

>>> CNXPHARMA - Hourly Chart <<<

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Break above the Trend line may help to resume the rally again.

>>> COALINDIA - Profit Booked with Rs.27000/- <<<

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Booked Profit Rs.27000/-

>>> N4A on Whatsapp <<<

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