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Tuesday, June 14, 2016

EQUITY RESEARCH LAB :- NIFTY SPOT: 8110.60

Nifty tips :- 

Nifty Future   R1: 8147       R2:8174      R3: 8209
        
Pivot: 8111    S1: 8084       S2:8049      S3:8022

CHART INTERPRETATION :-

Nifty spot close at 8110.60 on  Tuesday . At higher side, important level 8150-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8000-7950.

At lower side nifty support level may be in the range of 7800-7700.

Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-


Nifty closed at 8130.65 on Monday The Indian equity market ended on a flat note on Tuesday amid a volatile trading session. After opening with a positive bias, indices slipped gradually throughout the day led by selling pressure in the energy, IT, oil & gas and telecom stocks. However, sudden bout of  buying in the realty, metals, PSU banks and FMCG stocks in late trades aided the Nifty to bounce back sharply  and close above the 8100 mark. The BSE Midcap and Smallcap index closed marginally higher too.Market participants remained cautious ahead of the US Federal Reserve's two-day meeting that begins later in the day and worries over a referendum in Britain next week about whether to exit the European Union.
        
INTRADAY STRATIGY:-

  Buy Nifty future above 8150 for the tgt of 8200-8250 sl 8070.

CORPORATE NEWS :-

•    The Wholesale Price Index (WPI) for May increased at 0.79% after rising 0.34% in April and falling by 2.20% in May 2015. This is the second straight increase in WPI which came after, a seventeen month falling spree.

•    Shares of Deepak Fertilizers and Petrochemicals rose by 4.5% after the Ministry of Petroleum and Chemical agreed to release Rs 485 crores of outstanding subsidy money. The claims were due to the company in accordance with the Nutrient Based Subsidy (NBS).

•    Shares of Public Sector Banks rallied up to 8% after the RBI announced a scheme for sustainable structuring of stressed assets. The scheme would allow the banks to convert up to half the loans taken by corporate borrowers into equities and take control of the company.

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Wednesday, June 8, 2016

Nifty Future R1: 8301 R2:8318 R3: 8338

Nifty tips :- 

Nifty Future  R1: 8301    R2:8318    R3: 8338

Pivot: 8281   S1: 8264    S2:8244    S3:8227


CHART INTERPRETATION :-

Nifty spot close at 8273.05 on Wednesday . At higher side, important level 8300-8500. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8000-7950. At lower side nifty support level may be in the range of 7800-7700.

Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-


Nifty closed at 8284.20 on Wednesday . After opening on a flat note, indices were stuck in a narrow trading range throughout the day clocking in minuscule gains. The power, capital goods, industrials and utilities stocks were among the major gainers. On the other hand, IT and healthcare stocks were under pressure. The India VIX (Volatility) index was up 1.83% at 15.1420.

INTRADAY STRATIGY :-

Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.

CORPORATE NEWS :-

The Indian Rupee closed higher on Wednesday on increased selling of the US currency by exporters and banks amid higher foreign fund inflows. However, weak dollar against other currencies overseas also boosted the rupee sentiment. The rupee rallied for the fifth consecutive session and hit a four-week high against the US dollar.

Bharat Forge surged 2.2% to Rs.765 on BSE. The company announced that its joint venture with GE, Alstom Bharat Forge Power has signed a contract worth $219 million approximately (Rs.1495 crore) with NTPC.

Rajesh Exports dropped 1.4% to Rs.495. The company has announced that it has bagged Rs. 653 crores worth export order.

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Monday, June 6, 2016

NIFTY SPOT: 8201.05 EQUITY RESEARCH LAB

Nifty tips :-

Nifty Future R1: 8255 R2:8281 R3: 8306

Pivot: 8230 S1: 8204 S2:8179 S3:8154

CHART INTERPRETATION :-

Nifty spot close at 8201.05 on Monday. At higher side, important level 8250-8500. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8000-7950.

At lower side nifty support level may be in the range of 7800-7700. Mechanical indicator stochastic RSI also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

Nifty closed at 8229.80 on Monday . After opening on flat note, indices were stuck in a narrow trading range throughout the day.

Investors maintained cautious approach ahead of Reserve Bank of India’s (RBI) monetary policy review due on Tuesday.

Benchmarks slipped lower towards the fag end led by selling pressure in the telecom, consumer durables, teck, oil and gas, pharma and IT stocks.

On the other hand, realty, capital goods, utilities and basic materials stocks ended with gains.

INTRADAY STRATIGY :-

Buy Nifty future above 8250 for the tgt of 8300-8350 sl 8170.

CORPORATE NEWS :-

India jumped 13 positions to 2nd on ease of doing business. The rankings are according to the GRDI (Global Retail Development Index), which ranks top 30 developing countries for retail investments worldwide.

Japanese conglomerate Sumitomo buys 45% stake in Mumbai based Pesticides and Agro-Chemical Company, Excel Crop Care. A bid of further 30% stake is also launched by Sumitomo, in order to complete the takeover.

Shares of Steel Strips rallied by 5.35% after their promoter increased their stake in the company through the open market purchase. The stake of the promoters increased to 59.83% from 59.66% previously.

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Sunday, May 29, 2016

NIFTY SPOT: 8156.65 EQUITY RESEARCH LAB

Nifty tips :- 

Nifty Future R1: 8207 R2:8241 R3: 8301

Pivot: 8147 S1: 8112 S2:8052 S3: 8017

CHART INTERPRETATION :-

Nifty spot close at 8156.65 on Friday . At higher side, important level 7980-8000. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800. At lower side nifty support level may be in the range of 7750-7650.

Mechanical indicator stochastic RSI also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE:- Nifty closed at 8172.45 on Friday . Global markets had one of their best weeks in recent months as most indices ended firmly in the positive zone. New US single-family home sales surged to a more than eightyear high in April and prices hit a record high, offering further evidence of a pick-up in economic growth. Closer home, the Sensex notched smart gains of around 5 per cent for the week on strong buying in infrastructure, banks and other select stocks. L&T came out with stellar set of numbers which beat expectations. SBI results were also better. Signs of good monsoons and expectations of corporate profit growth rebounding in the coming quarters propelled markets to higher levels.


INTRADAY STRATIGY:-

Buy Nifty future above 8200 for the tgt of 8250-8300 sl 8130.

CORPORATE NEWS :-

Lupin gets clean EIR (Establishment Inspection Report) from US FDA for its Mandideep facility which means that the facility can operate freely. Earlier US FDA raised some observations on Lupin’s Mandideep facility which is significant contributor to its total revenue.

Foreign Direct Investment in India surged 16.5% to $2.46 billion in March against $2.11 billion in a year ago period. For the entire financial year 2015-16, FDI stood at $40 billion compared to $30.93 in FY15 as per DIPP (Department of Industrial Policy and Promotion).

SBI reported a 66.32% drop in net profit for Q4. The net profit stood at Rs. 1,260 crores compared to Rs. 3,742 cr in the same quarter last year. Gross NPAs increased by 140 basis points sequentially to 6.5% and Net NPA’s increased by 92 basis points to 3.81%. Whereas, the net interest income (NII) went up by 3.9% in the fourth quarter.

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Thursday, May 26, 2016

NIFTY SPOT: 8069.65 EQUITY RESEARCH LAB

Nifty tips :- 

Nifty Future R1: 8107 R2:8153 R3: 8231

Pivot: 8029 S1: 7984 S2:7905 S3:7860

CHART INTERPRETATION :-


Nifty spot close at 8069.65 on Thursday . At higher side, important level 7980-8000. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level.

At lower side, support near 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800. At lower side nifty support level may be in the range of 7750-7650.

Mechanical indicator stochastic RSI also showing consolidated trend.

INDEX OUTLOOK  :-

NIFTY FUTURE :-

Nifty closed at 8062.65 on Thursday . Bulls have taken complete control over market on Thursday, the expiry day for May Nifty derivative contracts. Value buying in infra (majorly L&T) and banks helped the Sensex (that rallied more than 500 points intraday) and Nifty end at fresh 2016 closing high.

INTRADAY STRATIGY :-

Buy Nifty future above 8100 for the tgt of 8150-8200 sl 8030.

Disclaimer :-


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Wednesday, May 25, 2016

NIFTY SPOT: 7934.90 EQUITY RESEARCH LAB

Nifty tips :-

Nifty Future R1: 7994 R2:8045 R3: 8141

Pivot: 7898 S1: 7847 S2:7751 S3:7699

CHART INTERPRETATION :-


Nifty spot close at 7934.90 on Wednesday . At higher side, important level 7980-8000. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level.

At lower side, support near 7700. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7700-7670. At lower side nifty support level may be in the range of 7750-7650.

Mechanical indicator stochastic RSI also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

Nifty closed at 7759.30 on Wednesday . The Indian indices shot up on Wednesday tracking a strong rally in equity markets across the globe. Sentiment got a boost after US home sales data supported the consensus view that the economy may be strong enough for the Federal Reserve to raise interest rates in the coming months. Besides, hopes of above normal rains in the upcoming monsoon season kept the sentiment high too. Market experts believe the 7980 hurdle for the Nifty could soon be broken and a rally leading all the way to around 8250-level cannot be ruled out.

INTRADAY STRATIGY :-

Buy Nifty future above 7950 for the tgt of 8000-7850 sl 7870.

CORPORATE NEWS  :-

Bajaj Auto’s profit jumped 29.2% to Rs. 803 cr due to better operational performance and good volume growth. Total income surged 14.2% at Rs. 5411 cr against Rs. 4739 cr in a year ago period.

Ashok Leyland reported 66.5% fall in Net profit at Rs. 77 cr due to an exceptional loss of Rs. 379 cr made on provisioning on investments in joint ventures and overseas subsidiaries. Revenue increased 32% to Rs. 5955 cr compared to Rs. 4505.7 cr in the same quarter last year.

After a gap of 4 years, the government has offered to auction 46 discovered oil and gas fields through internal bidding. The bidding for discovered small fields will open on July 15 and the last date would beOctober 31.

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Tuesday, May 24, 2016

NIFTY SPOT: 7748.85 Equity Research Lab

Nifty tips :- 

Nifty Future R1: 7778 R2:7797 R3: 7824

Pivot: 7750 S1: 7731 S2:7703 S3:7684

CHART INTERPRETATION :-

Nifty spot close at 7748.85 on Tuesday . At higher side, important level 7800-7850. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7700.

Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7700-7670. At lower side nifty support level may be in the range of 7750-7650.  Mechanical indicator stochastic RSI also showing consolidated trend.

INDEX OUTLOOK :-  

NIFTY FUTURE :-

Nifty closed at 7759.30 on Tuesday . After a consolidation, equity benchmarks finally settled marginally higher by snapping three-day losing streak on Tuesday, driven by banking & financials and FMCG stocks. The market was also partly supported by positive European cues and better monsoon forecast.


INTRADAY STRATIGY: -

Buy Nifty future above 7760 for the tgt of 7800-7850 sl 7670.

CORPORATE NEWS :-

Britannia Industries, Jubilant Foodworks and Westlife development plunged 3-12% intraday on health concern issues as Centre for Science and Environment (CSE) claimed that bread contains cancer causing chemicals. All the companies said that they followed strict food safety standards in their operations.

Torrent Pharma posted consolidated Net profit at Rs. 357 cr compared to Rs. 130 cr in a year ago period. Total income stood at Rs. 1499 cr against Rs. 1154 cr on YoY basis.

VRL Logistics’ shares nosedived by almost 20% post quarterly results and announcement regarding promoter’s entry into the aviation sector.

The net profit for the quarter ending on March 31st 2016 stood at Rs 13.21 crores compared to Rs 19.36 crore in the corresponding quarter last year, indicationg a fall of 32.

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