Friday, 23 December 2016

WEEKLY TRADE IDEA ON JUBILANT FOR 26-30 DEC 2016

BUY JUBILANT ABOVE 600 TGT 622/640 SL 575
The Sensex finished at 26,040, up 61 points, while the broader Nifty closed at 7,985, up 6 points. Indices pared losses in the afternoon trade after opening in red on Friday tracking mixed global cues. Wall Street declined in overnight trade even after higher-than-expected GDP number. Back home, investors kept an eye out for the GST Council Meet that began yesterday. Sensex rose almost 150 points while Nifty50 reclaimed 8,000 level led by gains in Sun Pharma, Bajaj Auto, L&T and Maruti Suzuki. Sun Pharmaceutical Ind rallied 2.6%.Reliance Defence and Engineering Ltd rose 3.6%.Welspun Enterprises plunged 4%. Deepak Nitrite tanked 3.7% .JK Paper rose 2%. Hinduja Ventures gained 3% .Goodluck India rallied 7.6%. 
GLOBAL MARKET:
On the global front, Asian stocks closed on mixed note. The Shanghai Composite index dropped 1%, Hong Kong’s Hang Seng and Nikkei 225 index closed marginally lower.In Europe, the FTSE 100 was trading marginally lower. DAX and the CAC 40 were trading in green.
TOP GAINERS:
Company
Group
Current Price
% Change
Dwarikesh Sugar
B
296.80
+ 12.13
Kakatiya Cement Suga
B
254.40
+ 9.99
Upper Ganges Sug
B
271.50
+ 9.99
TPL Plastech Ltd.
B
448.55
+ 8.73
Dalmia Bharat Sugar
B
126.70
+ 8.38
State Trading
B
129.00
+ 7.90
SE Investments
B
198.50
+ 7.88
TOP LOSERS:



Company
Group
Current Price
% Change
Swan Energy Ltd.
B
151.80
-6.27
Sreeleathers Ltd.
B
136.00
-6.21
Greenlam Industries
B
575.00
-5.74
Aarti Drugs Ltd
B
606.00
-4.87
Mahamaya Steel Indus
B
141.00
-3.56

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