Stock Cash Tips :-
NIFTY FUTURE : R1:8666 R2:8717 R3:8767
PIVOT : 8616 S1:8564 S2:8514 S3:8463
NIFTY FUTURE : R1:8666 R2:8717 R3:8767
PIVOT : 8616 S1:8564 S2:8514 S3:8463
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.
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.
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.
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.
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| Shield Research Indore |
NIFTY FUTURE:-
Stock market in India ended with modest gains on Wednesday amid a highly volatile trading session. Indices slipped sharply lower in the first half with the Nifty slipping below the 8600 mark.
However as the day progressed benchmarks stabilized and staged a smart recovery in the last half an hour led by gains in the telecom, auto, and telecom and banking stocks.
The pharma, FMCG, consumer durables and realty stocks. High volatility was seen ahead of F&O expiry on Thursday and the FOMC decision on interest rates later today. On the global front, PM Shinzo Abe stated that the planned stimulus package expected next week would be over 28 trillion yen ($265 billion).
STRATEGY :-
Buy Nifty Future above 8620 for the tgt of 8670 -8720 with the sl of 8550.
CORPORATE NEWS :-
Yes Bank reported a 32.8% increase in Net profit to Rs 732 Cr for Q1FY17 from Rs 551 Cr in a year ago period.
Net Interest Income (NII) grew by 24.2% to Rs 1,317 Cr. ‘Other Income’ increased sharply by 65.2% to Rs 900 Cr. Gross NPAs and Net NPAs stood at 0.79% and 0.29% respectively.
HDFC reported a sharp rise of 37.5% in their net profits, mostly on account of a stake sale in their insurance business.
Consolidated income jumped by 18.6% to Rs 13,517 Cr from Rs 11,397 Cr in Q1FY16. NII grew by 9.6% on YoY basis. Gross NPAs stood at 0.75% for the quarter.
Bajaj Auto reported a growth of 2.2% (YoY) in Net profit to Rs. 978 Cr on account of slowdown in export sales and operational performance.
Revenues grew by 3.5% (YoY) to Rs 6,088 Cr from Rs 5,881 Cr. Sales volume fell 1.8% (YoY) on the back poor exports which saw a 22% decline in unit sales.
For further Information of nifty report go hrough website http://shieldresearch.in/#trial_form
Stock market in India ended with modest gains on Wednesday amid a highly volatile trading session. Indices slipped sharply lower in the first half with the Nifty slipping below the 8600 mark.
However as the day progressed benchmarks stabilized and staged a smart recovery in the last half an hour led by gains in the telecom, auto, and telecom and banking stocks.
The pharma, FMCG, consumer durables and realty stocks. High volatility was seen ahead of F&O expiry on Thursday and the FOMC decision on interest rates later today. On the global front, PM Shinzo Abe stated that the planned stimulus package expected next week would be over 28 trillion yen ($265 billion).
STRATEGY :-
Buy Nifty Future above 8620 for the tgt of 8670 -8720 with the sl of 8550.
CORPORATE NEWS :-
Yes Bank reported a 32.8% increase in Net profit to Rs 732 Cr for Q1FY17 from Rs 551 Cr in a year ago period.
Net Interest Income (NII) grew by 24.2% to Rs 1,317 Cr. ‘Other Income’ increased sharply by 65.2% to Rs 900 Cr. Gross NPAs and Net NPAs stood at 0.79% and 0.29% respectively.
HDFC reported a sharp rise of 37.5% in their net profits, mostly on account of a stake sale in their insurance business.
Consolidated income jumped by 18.6% to Rs 13,517 Cr from Rs 11,397 Cr in Q1FY16. NII grew by 9.6% on YoY basis. Gross NPAs stood at 0.75% for the quarter.
Bajaj Auto reported a growth of 2.2% (YoY) in Net profit to Rs. 978 Cr on account of slowdown in export sales and operational performance.
Revenues grew by 3.5% (YoY) to Rs 6,088 Cr from Rs 5,881 Cr. Sales volume fell 1.8% (YoY) on the back poor exports which saw a 22% decline in unit sales.
For further Information of nifty report go hrough website http://shieldresearch.in/#trial_form
