WEEKLY REPORT


WEEKLY REPORT
GDP growth slips to 5.8% in the last quarter of 2018-19; annual GDP at 5-year low
"Real" or inflation-adjusted GDP grew 6.8 percent in 2018-19, lower than previous year's 7.2 percent, data released by the Central Statistics Office (CSO) showed.

US to end trade privileges for India from June 05, 2019.

After sentiment dampening news on the GDP & unemployment front, this is not good news. The weather bureau will start second guessing the monsoon very soon. If the monsoon is below normal and / or delayed, the impact will be felt on ₹, bond yields, commodities and equities, roughly in that order. Since the GDP & unemployment data came post market, it will probably get fully discounted on Monday.

The bond markets have already signalled risk aversion, what with the 10Y benchmark yield falling close to 7%. This is an indication of flight to safety.


Even though there has been few negative news for the market this week, nifty has closed on all time high BY A 78.7 POINTS INCREASE by 0.66 %. This week Nifty opened at 11855 made high of 12039, made low of 11812 and closed at 11922.  NIFTY didn’t make a new high this week which shows us that there are no new buyers in the market currently. Moreover, because of these negatives news the coming week might be more volatile. So keep SL in every trade.

On weekly bases resistance is 12045 and 12190 and support is 11591 and 11426.

Looking to our call performance on weekly basis we end up with loss of RS. 5600/- following are the details of our calls.

Total calls given 14
In profit closed 1
In loss closed 2
And call running for next week 11

TATASTEEL PROFIT  ₹  2,000.00
CHOALFIN FUTURES OF 27-6-19 LOSS  ₹6,000.00
MPHASIS LOSS₹-1,600.00

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