Friday, 16 December 2016

TRADE IDEA ON MCX FOR WEEK 19 NOV-23 DEC 2016

BUY MCX ABOVE 1330 TGT 1360/1400 SL 1300
The Sensex ended at 26,489, down 30 points, while the broader Nifty closed at 8,139, down 14 points. The indices ended the Friday's session lower as markets looked to settle down after the US Federal Reserve on Wednesday issued an outlook that was more hawkish than expected. Hindalco Industries (down 3.35%), Vedanta (down 2.46%), Hindustan Zinc (down 1.77%), Jindal Steel & Power (down 1.42%).
GLOBAL MARKET:
At the global front, Japan's Nikkei 225 closed at 19401 up 0.66%, Singapore's Straits Times closed at 2939 up 0.31%, China's Shanghai Composite ended at 3122.98 up 0.17%, while Hong Kong's Hang Seng closed at 22020 down 0.18%, the only index to close in red among the lot.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Saksoft Ltd.
B
267.05
+ 20.00
Ramco Systems Lt
B
338.40
+ 12.57
Sreeleathers Ltd.
B
140.00
+ 9.98
Trigyn Technolog
B
126.90
+ 9.11
Shakti Pumps (In
B
148.00
+ 8.31
Titagarh Wagons Ltd.
B
127.80
+ 6.28
SQS India BFSI
B
763.00
+ 6.17
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Monte Carlo Fashions
B
373.70
-5.64
Shirpur Gold Refiner
B
112.70
-4.97
Weizmann Forex
B
172.50
-4.01
Bombay Rayon Fashion
B
138.00
-3.90
Ponni Sugars (Erode)
B
201.80
-3.47

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