Weekly Market Wrap; Stock Tips For Monday

In the week ended Friday, 4 March 2016, the Sensex gained 1,492.18 points or 6.44% to settle at 24,646.48, its highest closing level since 1 February 2016. The Nifty gained 455.60 points or 6.48% to settle at 7,485.35, its highest closing level since 5 February 2016.

Weekly data shows in the past trading sessions, we have seen strong Put writing at 7200/ 7300/7400 strikes & major Call build up at 7600/7500/7400 strike indicating a positive session or market, in the near term.

On Nifty weekly chart strong resistance is seen at 7485. If it breaks with high volume, more bullishness is expected.
Buy Nifty Future above 7530 Target-7580, 7630 Stop Loss-7430

Stock Tips for MondayStock Tips For Monday By Experts :

BUY SBIN FUTURE ABOVE 187.5, TARGETS 190.5, 193.5, 196.5, STOP LOSS 181.5
BUY YESBANK FUTURE ABOVE 760, TARGETS 768 , 776 , 784, STOP LOSS 744