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Nifty Weekly Report Correction 25 July 2015

Short-term trading can be profitable but is also very risky. It requires understanding both risks and opportunities to succeed. News and statements do not provide enough information to be successful as markets react quickly. The document provides analysis of the Nifty index for the coming week, identifying support around 8480 and resistance at 8672. It recommends being stock specific and using stop losses. Reliance Industries reported higher profits driven by strong refining margins.

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Santosh Rode
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48 views

Nifty Weekly Report Correction 25 July 2015

Short-term trading can be profitable but is also very risky. It requires understanding both risks and opportunities to succeed. News and statements do not provide enough information to be successful as markets react quickly. The document provides analysis of the Nifty index for the coming week, identifying support around 8480 and resistance at 8672. It recommends being stock specific and using stop losses. Reliance Industries reported higher profits driven by strong refining margins.

Uploaded by

Santosh Rode
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Let You Decide Your Losses; Value is what Let Market Decides

Short-term trading
NG Rathi Investrades
Vol1

Monday, 27- 31 July 2015

Pages 1-3

Short-term trading can be very lucrative, but is risky too in nature . It can last for as little
as a few minutes to as long as several days. To succeed in this strategy, traders must
understand the risks and the rewards of each trade. They must not only know how to
spot good short-term opportunities, but also must be able to protect themselves from
unforeseen events. Simply watching the news or reading financial statements will not
prepare one to have success in the short term. By the time news are published the
markets have already responded and most of the potential gains for investors are gone.
Buying or selling a stock that does not have much volume can move it up or down.
Small investors have little effect but large mutual funds and hedge funds can determine
the minute-to-minute pricing of stocks through supply and demand. Watching whether a
stock is trending up or down can be a sure sign as to selling or buying in the short run.
This is called the moving average or the average price of a stock over a specific period

of time. As a stock is trending upward throughout a day or two it could be an opportunity


for gains and as a stock trends downward it could be a great opportunity to short the
stock. Many analysts use chart patterns in an attempt to forecast the market. Formulas
and market theories have been developed to conquer short term trading. In this our
weekly Nifty report , we will like to assist you with general Outlook that may possibly
may accour in Nifty for coming week, the levels where support might take and possibly
Resistance that Nifty may face in coming sessions.

Nifty Outlook For Coming week: 8521.55


Last week we have seen market playing in a limited horizon 8480 on lower side and
8667 on higher side, For some time The domestic markets touched higher levels on the back
of positive global cues. The European Union (EU) finally reached a consensus on the bailout
package and saved Greece from a default. Moreover, the Greek Parliament approved the
bailout package. Also, Iran and the Developed nations reached an agreement on the nuclear
deal. Also positive developments was seen by lower crude prices and much awaited Infosys Q1
Results have added charm on market face and its future Revenue Guidance too added to make
Nifty moves towards its Resistance level of 8672. But all this development could not make Nifty
to get closed above 8672 level, Nifty was playing in Range bound 8480/8668.
No doubt The Q1 earning season would continue to influence the market trend along with the
monsoon session of Parliament which have started . The 8450 level remains a crucial support
level. In the meanwhile, the markets would take cues from the earnings season, Parliament
session, monsoon progress, Rupee-Dollar exchange rate, global markets, and crude prices.
Technically on the upside, the Nifty faces resistance at the 8672 on closing basis and 8480 level
as support area on closing basis.
Technically The Nifty continues to sustain above its 20-dayDMA, 50-day SMA, 100-day SMA
and 200-day SMA. These positive technical conditions would lead to follow-up buying support at
lower levels.

Much awaited Reliance industries has come up with its Results yesterday, Reliance
Industries Ltd (RIL) yesterday reported 4.4 percent rise in the June quarter net profit as it earned the
highest refining margin in six years.
Consolidated net profit of Rs 6,222 crore, or Rs 21.1 a share, in April-June quarter of the current
fiscal was 4.4 percent higher than Rs 5,957 crore, or Rs 20.3 per share, in the same period a year
ago, the company said in a statement. Its turnover however slid 23 percent to Rs 83,064 crore.
Operator of the world's largest refining complex, RIL earned $10.4 on turning every barrel of crude
oil into fuel as compared to $8.7 per barrel gross refining margin in the first quarter of the last fiscal.
The GRM ( Gross Refining Margins) in the April-June quarter was highest in six years and topped
$10.1 per barrel margin in January-March.

We hope this positive Results may inches the price of stocks in upward direction.

Nifty Levels for Coming week:


Nifty if able to sustained above the levels of 8580 in coming week then it is possible we
will likely to see levels of 8660/8720 in coming week.
In downward side if Nifty gets closed below 8520 and able to sustained below this levels
it is likely we may see levels of 8460/8400 for coming week.
We therefore Recommend to be stock specific and buy quality stocks with above
mentioned stoplosses on closing basis.

Nifty Weekly Chart is represented below:

Disclaimer: Investment recommendations made in NG Rathi Investrades are


for information purposes only and derived from sources that are deemed to
be reliable but their accuracy and completeness are not guaranteed. NG Rathi
Investrades or the analyst/writer does not accept any liability for the use of
this column for the buying or selling of securities. Readers of this column who
buy or sell securities based on the information in this column are solely
responsible for their actions. The author, his company or his acquaintances
may/may not have positions in the above mentioned scripts.

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