Friday, 10 June 2016

WEEKLY TRADING TIP FOR STOCK CASH

“BUY ACC ABOVE 1560 TGT 1580/1620 SL 1540”
LAST WEELY RECOMMENDATION:
UPERGANGES HIT ALL TG 255 MADE HIGH OF 262
The Indian stock market closed lower for third consecutive session. The market moved higher past mid morning, bouncing back strongly from a weak start.Domestic sentiment dampened due to circumspect behaviour from marketmen ahead of the Brexit vote. Visa Steel hit 20% upper circuit to Rs.16.38. The company reportedly said it will seek shareholders’ approval for the merger of its joint venture firm Visa Bao (VBL). Yes Bank gained 1.4% to Rs.1,055. The bank said it has subscribed 8% stake in Receivables Exchange of India Limited (RXIL). Sadbhav Infrastructure Ltd stock was higher by 7% at Rs.104.The company has informed BSE regarding receipt of provisional completion certificate for 86 km. out of total 87.25 km. and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.
GLOBAL MARKET:
Asian equities declined as participants remain edgy on worries regarding a UK referendum that could push Britain out of the European Union. Meanwhile, decline in the crude oil prices and a weak finish on the Wall Street dampened sentiments. Japan’s Nikkei, Hong Kong’s Hang Seng and China’s Shanghai Composite dropped between 0.4%-1.6%. Following the downslide in Asia, European markets nodedived with FTSE 100, CAC 40 and DAX losing between 1.5%-2%. 
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Gati Ltd.
A
160.05
+ 5.40
Max Financial Servic
A
439.30
+ 4.61
Ipca Laboratorie
A
463.25
+ 4.01
PVR Ltd.
A
941.00
+ 4.00
Hindalco Indus.
A
115.20
+ 3.88
Upper Ganges Sug
B
261.00
+ 20.00
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
MphasiS Ltd.
A
537.70
-3.84
Indiabulls Real Esta
A
96.45
-3.60
Jubilant Foodworks L
A
1,023.50
-3.42
Indiabulls Housing F
A
713.00
-3.07
Kajaria Ceramics
A
1,150.00
-3.06

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