Stock Cash Tips :-
Nifty Future R1: 8578 R2:8602 R3: 8642
Pivot: 8539 S1: 8515 S2:8476 S3:8451
CHART INTERPRETATION :-
Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.
Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK :-
NIFTY FUTURE :-
STRATIGY :-
Buy Nifty Future above 8550 for the tgt of 8600 -8650 with the sl of 8470.
CORPORATE NEWS :-
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Nifty Future R1: 8578 R2:8602 R3: 8642
Pivot: 8539 S1: 8515 S2:8476 S3:8451
CHART INTERPRETATION :-
If upcoming results support then this positive movement would continue till 8700 levels for Nifty .The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong break below 8500 will increase the downside pressure and drag it to 8400/8300.
Mechanical indicator stochastic RSI also showing consolidated trend.
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NIFTY FUTURE :-
The Indian stock market ended with smart gains on Friday amid a volatile trading session. Sentiment got a fillip after reports stated that the Rajya Sabha will take up GST Bill for discussion next week. Today’s upsurge was led by the realty, power, metals, utilities, industrial, basic materials, capital goods and telecom stocks. Only IT stocks closed in red on BSE. Among the 51-stocks of Nifty, Tata Motors DVR, Tata Motors, Power Grid, Zee, Bharti Infratel, HDFC and Tata Power gained on NSE, whereas ACC, Bajaj Auto, SBI, Bosch, Wipro, Bank od Baroda, Dr. Reddy's, Sun Pharma and HUL closed with losses.
STRATIGY :-
Buy Nifty Future above 8550 for the tgt of 8600 -8650 with the sl of 8470.
CORPORATE NEWS :-
Power Grid Corporation of India approved investments worth Rs 2,731 Cr in various projects. As many as 11 projects were approved. The major one being a transmission system for a solar park at Bhadla, Rajasthan for Rs 1,429 Cr. Shares of Power Grid Corporation went up by 2.1%.
Federal Bank reported an 18.3% rise in net profit to Rs 167.3 Cr for the Q1FY17 as compared to Rs 141.4 Cr in the corresponding quarter last fiscal. The total income increased by 6.7% from to Rs 2,250.8 Cr from Rs 2,107 Cr on a YoY basis. Gross NPAs rose to 2.92% of gross advances against 2.59% previously.
Mahindra & Mahindra Financial Services reported a 2% fall in net profits to Rs 87 Cr as compared to Rs 89 Cr in the corresponding quarter last year. The bottom line was impacted mainly due to Net Interest Margin (NIM) which tumbled by 32.5% and stood at Rs 675.4 Cr. Gross NPA rose from 8% to 10.7%.
Federal Bank reported an 18.3% rise in net profit to Rs 167.3 Cr for the Q1FY17 as compared to Rs 141.4 Cr in the corresponding quarter last fiscal. The total income increased by 6.7% from to Rs 2,250.8 Cr from Rs 2,107 Cr on a YoY basis. Gross NPAs rose to 2.92% of gross advances against 2.59% previously.
Mahindra & Mahindra Financial Services reported a 2% fall in net profits to Rs 87 Cr as compared to Rs 89 Cr in the corresponding quarter last year. The bottom line was impacted mainly due to Net Interest Margin (NIM) which tumbled by 32.5% and stood at Rs 675.4 Cr. Gross NPA rose from 8% to 10.7%.
For Further information of Nifty spot & many other tips like Equity tips, Stock Cash tips, Commodity tips,Nifty tips just go through link http://shieldresearch.in/#trial_form
