WARREN BUFFETTS :

Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is considered by some to be one of the most successful investors in the world, and as of March 2017 is the second ...

Born: 30 August 1930 (age 86), Omaha, Nebraska, United States

Net worth: 74.7 billion USD (2017) Forbes

Education: Columbia Business School (1950–1951), more

Spouse: Astrid Menks (m. 2006), Susan Buffett (m. 1952–2004)

1.     Find your passion

2.    Hire well

3.    Do not care what others think

4.    Read-Read-Read

5.    Have a margin of safety

6.    Have a competitive advantage

7.    Schedule for your personality

8.    Always be competing

9.    Model success

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Market outlook for 5th June

Market  are  trading in continue positive bias and holding above 9600 which indicate more up  side in coming days.   Over all trend is bullish and looks that loggerd sector likely out perform in coming days like Pharma – Tech- and PSU Banks. – Housing Finance.   So watch out these sector in coming days.

Nifty  : As  mentioned last week that above 9550 strong up move but it will be face resistance 9675 and almost a day high of trading and closed nearly 9650 mark.  However, trend is strong bullish and any decline to buy side with consider support 9580-9575 mark and upside resistance 9715 likely.

Bank Nifty  :   Trend is bullish with consider support 22950   23000 range as long , upper side resistance continue at  23500 and major challenge for bulls in coming days.

PSU Bank INDEX  :   Consider support 3400-3450 , and waiting for further direction.  However,  coming days short covering in PSU bank likely, PNB, BOB, OBC, UNION AND CAN BANK.  SBI   looks sell side.

SOME IMPORTANT POINTS TO BE WATCH OUT 

  SBI   :       Short seen in this counter .

Yes bank  :   Major short covering seen  and we are bullish above 1400.

M&M Finance  :   Our delivery call from the level of 300  and near to our target 400.

Union bank   :  Some short covering seen.

BHEL   :   Looks down ward over and ready to move with consider decent support………….

DLF   :   Now time to buy…..   ready to move due to short covering.

VOLTAS  :  After sharp rise  - long unwinding seen so time to short with strict stop loss.

VEDL   :     Fresh short seen.

RELIANCE   :   Fresh short added.

M&M   -  Long side continue and fresh long added .

LT  :   Short covering seen 

And many more

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Market outlook for 2nd June

Market  are  trading in narrow range and waiting for break out at upper level.  However at lower level decent support and any dip to buy side.

Nifty  : Time being 9580-9550 decent support , resistance 9650, crossover it will show  more power

Bank Nifty  :   Trend is bullish with consider support 22950   23000 range as long , upper side resistance towards 23500, once crossover and stay above big move.  Close below 22900, first sign of correction in market.

PSU Bank INDEX  :   Consider support 3400-3450 , and waiting for further direction.  However,  coming days short covering in PSU bank likely, PNB, BOB, OBC, UNION AND CAN BANK.  SBI   looks sell side.

SOME IMPORTANT POINTS TO BE WATCH OUT 

  Long side  :      Colpal, Indian bank, Ceat Tyres, Apollo Tyres, DCB and Sun Pharma

Short Side  :  Torrent Pharma, Maruti, HCL Tech, SBI, Tisco,

Open Interest spurt by way of contracts:

APOLLO TYRES –           1118

BOB –                   763

DLF                       756

DR READDY -       957

HINDALCO-           414

LUPIN-                  704

MARUTI -              1607

ONGC-                   642

PNB –                    186

SBI                       1144

SUN PHARMA-      3466

YES BANK -          379

VEDL-                   1867

VOLTAS-               558

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Market outlook for 1st June 2017

Market are volatile but trading in  positive bias and able to closed above 9600 mark.   Any decline to buy side and looks that small and mid  cap stocks ready to fire in coming days.  However, front line Pvt. Sector banking stocks more promising and remain buy side.

Nifty  : Time being 9580-9550 decent support , resistance 9675  crossover it will show more power towards 9700   9715 range

Bank Nifty  :   Trend is bullish with consider support 22950   23000 range as long , upper side resistance towards 23500, once crossover and stay above big move.  Prviate sector bank  very hot like ICICI Bank, Axis bank, HDFC Bank and many more

PSU Bank INDEX  :   Consider support 3400-3450 and any decline to buy side.

SOME IMPORTANT POINTS TO BE WATCH OUT 

 ICICI Bank   :  very hot and almost volume in terms more than 11 cores and out of that 9.41 crore volume trade in delivery based which is almost 80 per cent of traded volume . As MSCI increased weight age so big move in coming days can not be ruled out.

GRASIM   :  MSCI  also increased weightage resulted 10 times volume against average volume and around 63 lacs have been took over by delivery based.

IOC  ..  Heavy buying seen delivery based which is around more 1.10 crores… so any big move can not be ruled out in this counter.

GAIL   :  Very hot  and big delivery volume around 62 lacs indicate major upside in coming days.

PNB   :   Delivery volume seen  with added open interest bombination.

IRB  :  Down ward is over and likely to big move. Substantial correction from the level of 272 to 220 in bull market is over.

JET AIRWAYS  :  Short covering seen in this counter.  We are bullish.

ARVIND LTD   :  Now time to correction is over and ready to move.

ZEE  :   Good short seen

HDFC   :   Big short seen by way of 2018 contract.

CAN BANK  :  Counter  short seen by way of 778 contract.

SUN PHARMA  :  Do not think any bottom out, fresh short added by way of 6045 contract.

VEDL   :    After result profit book and fresh short added by way of 1367 contract. 

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