The week ended June 10, 2016

The selling pressure continued for second consecutive session on Friday, tracking weakness in global peers again and further profit booking in banks, auto, FMCG and metals stocks. The 30-share BSE Sensex fell 127.71 points to 26635.75 and the 50-share NSE Nifty slipped 33.55 points to 8170.05. The broader markets also caught in bears’ grip with the BSE Midcap and Smallcap indices falling 0.2-0.4 percent. Experts feel the consolidation may continue in near term and says any sharp fall will be buying opportunity as they are bullish on India.

Next week will be very important globally as Federal Reserve will be holding a two day meeting that will start on June 14. After the recent speech by Fed Chairperson Janet Yellen, experts believe that there won’t be a rate hike in June policy but the commentary will be key to watch out for.

Here are some picks from the week gone by.

Company: Dabur India CMP: 301.55 Mastermind

Screen Shot 2016-06-07 at 7.59.52 AM

Company: Mercator Ltd. CMP: 33.25 Mastermind

Screen Shot 2016-06-07 at 7.40.12 PM

Company: Tata Global CMP: 123.65 Mastermind

Screen Shot 2016-06-08 at 7.19.51 PM

Company: ONGC Ltd. CMP: 218.20 Mastermind

Screen Shot 2016-06-09 at 8.19.50 PM

Company: Hindalco Industries CMP: 115.30 Mastermind

Screen Shot 2016-06-10 at 7.30.18 PM

Please read our disclaimer here.

Reblog: Who makes Money Consistently in Day Trading?
Reblog: Nifty Golden Cross – Does it Work ?

Leave a Reply

Your email address will not be published / Required fields are marked *