Stock Cash Tips :-
NIFTY FUTURE : R1:8681 R2:8701 R3:8734
PIVOT : 8648 S1:8628 S2:8595 S3:8575
CHART INTERPRETATION :-
CORPORATE NEWS :-
Punjab National Bank reported a 57.6% (YoY) drop in its Net profit to Rs 306.4 Cr. Net Interest Income (NII) declined by 9.8% to Rs 3,699 Cr.
Asset Quality deteriorated further as Gross NPAs increased by 85 basis points to 13.75%, and Net NPAs went up by 55 basis points to 9.16% on a QoQ basis.
Farm Equipment maker – Escorts, reported a 33.5% rise (YoY) to Rs 47 Cr in Q1 from Rs 35.2 Cr. Total Revenues increased by 9.3% to Rs 1,051 Cr in Q1 as compared to Rs 961 Cr in the corresponding quarter of the last fiscal.
Dish TV reported a drop in consolidated net profits by 26% (YoY) to Rs 40.87 Cr for Q1 from Rs 54.21 Cr. Net Sales increased by 5.8% (YoY) to Rs 777.6 Cr from Rs 734.5 Cr.
For further Information go through website http://shieldresearch.in/#trial_form
DISCLAIMER
NIFTY FUTURE : R1:8681 R2:8701 R3:8734
PIVOT : 8648 S1:8628 S2:8595 S3:8575
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.
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.
 |
| Shield Research Free Trial |
INDEX OUTLOOK :-
NIFTY FUTURE:-
The Indian stock market rallied for second consecutive session amid smooth rollovers in F&O expiry. Sentiment got a boost after the Union Cabinet cleared changes in the GST Constitutional Amendment Bill in a bid to strengthen the chances of passage of the crucial legislation that can potentially transform the tax structure by subsuming all indirect taxes and creating a single market.
In addition, short covering also saw indices move higher towards the end. FMCG, telecom, Consumer durables, consumer discretionary and auto stocks led from the front. On the other hand, capital goods, metal and oil & gas stocks were among the major losers.
STRATEGY:-
Buy Nifty Future above 8670 for the tgt of 8720 -8780 with the sl of 8600.
NIFTY FUTURE:-
The Indian stock market rallied for second consecutive session amid smooth rollovers in F&O expiry. Sentiment got a boost after the Union Cabinet cleared changes in the GST Constitutional Amendment Bill in a bid to strengthen the chances of passage of the crucial legislation that can potentially transform the tax structure by subsuming all indirect taxes and creating a single market.
In addition, short covering also saw indices move higher towards the end. FMCG, telecom, Consumer durables, consumer discretionary and auto stocks led from the front. On the other hand, capital goods, metal and oil & gas stocks were among the major losers.
STRATEGY:-
Buy Nifty Future above 8670 for the tgt of 8720 -8780 with the sl of 8600.
SECTORAL INDICES
Punjab National Bank reported a 57.6% (YoY) drop in its Net profit to Rs 306.4 Cr. Net Interest Income (NII) declined by 9.8% to Rs 3,699 Cr.
Asset Quality deteriorated further as Gross NPAs increased by 85 basis points to 13.75%, and Net NPAs went up by 55 basis points to 9.16% on a QoQ basis.
Farm Equipment maker – Escorts, reported a 33.5% rise (YoY) to Rs 47 Cr in Q1 from Rs 35.2 Cr. Total Revenues increased by 9.3% to Rs 1,051 Cr in Q1 as compared to Rs 961 Cr in the corresponding quarter of the last fiscal.
Dish TV reported a drop in consolidated net profits by 26% (YoY) to Rs 40.87 Cr for Q1 from Rs 54.21 Cr. Net Sales increased by 5.8% (YoY) to Rs 777.6 Cr from Rs 734.5 Cr.
For further Information go through website http://shieldresearch.in/#trial_form
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have
the right to choose the product/s that suits them the most. Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & takes no responsibility whatsoever for any financial profit s or loss which may arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice.
Shield Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to Shield Research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of the information is the acceptance of this disclaimer.
the right to choose the product/s that suits them the most. Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & takes no responsibility whatsoever for any financial profit s or loss which may arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice.
Shield Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to Shield Research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of the information is the acceptance of this disclaimer.
