Stock Cash Tips :-
NIFTY FUTURE :- R1: 8731 R2: 8776 R3: 8807
PIVOT :- S1: 8655 S2: 8623 S3: 8578
CHART INTERPRETATION :-
NIFTY FUTURE :- R1: 8731 R2: 8776 R3: 8807
PIVOT :- S1: 8655 S2: 8623 S3: 8578
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.
Mechanical indicator stochastic RSI also showing consolidated trend.
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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| Stock Cash Tips |
INDEX OUTLOOK :-
NIFTY FUTURE:-
After gaining for two consecutive trading sessions, the Indian equity market closed lower on Friday.
The key benchmark indices dropped in the morning trade on Friday on profit-booking by participants as the August derivatives series began on a negative note.
Today’s decline was led by the telecom, consumer durables, and banking, metal and realty stocks.
On the other hand, auto, pharma, oil & gas and utilities stocks were among the major gainers. The Bank of Japan’s policy decision, weighed on investor sentiment too.
STRATEGY :-
Buy Nifty Future above 8670 for the target of 8720 -8780 with the stop loss of 8600.
CORPORATE NEWS :-
Cinema Company PVR reported a 17.2% increase in revenues (consolidated) for Q1 to Rs 559.9 Cr from Rs 477.8 Cr in the corresponding quarter in the previous fiscal. The net profits fell by 1.6% (YoY) to Rs 42.8 Cr from Rs 43.5 Cr. Revenue from movie exhibition, and production distribution went up by 40.9% and 15.3% respectively.
Ujjivan Financial Services reported a 102.5% jump in net profits to Rs 71.3 Cr from 35.2 Cr on a YoY basis. Total Income grew by 50.46% (YoY) to Rs 329.3 Cr from Rs 218.8 Cr. Net Interest Income (NII) showed an improvement of 76.9% (YoY). Gross NPA stood at 0.18% whereas Net NPA at 0.04%.
Larsen & Toubro (L&T) reported a 9.1% in revenue to Rs 21,874 Cr for Q1FY17. The net profit increased by 46% to Rs 610 Cr from Rs 419 Cr in the same period last year. Order Inflows went up by 14% (YoY), most of them coming from Infrastructure and Hydro Carbon segments.
For further information fill form Researcher will get in touch http://shieldresearch.in/#trial_form
NIFTY FUTURE:-
After gaining for two consecutive trading sessions, the Indian equity market closed lower on Friday.
The key benchmark indices dropped in the morning trade on Friday on profit-booking by participants as the August derivatives series began on a negative note.
Today’s decline was led by the telecom, consumer durables, and banking, metal and realty stocks.
On the other hand, auto, pharma, oil & gas and utilities stocks were among the major gainers. The Bank of Japan’s policy decision, weighed on investor sentiment too.
STRATEGY :-
Buy Nifty Future above 8670 for the target of 8720 -8780 with the stop loss of 8600.
CORPORATE NEWS :-
Cinema Company PVR reported a 17.2% increase in revenues (consolidated) for Q1 to Rs 559.9 Cr from Rs 477.8 Cr in the corresponding quarter in the previous fiscal. The net profits fell by 1.6% (YoY) to Rs 42.8 Cr from Rs 43.5 Cr. Revenue from movie exhibition, and production distribution went up by 40.9% and 15.3% respectively.
Ujjivan Financial Services reported a 102.5% jump in net profits to Rs 71.3 Cr from 35.2 Cr on a YoY basis. Total Income grew by 50.46% (YoY) to Rs 329.3 Cr from Rs 218.8 Cr. Net Interest Income (NII) showed an improvement of 76.9% (YoY). Gross NPA stood at 0.18% whereas Net NPA at 0.04%.
Larsen & Toubro (L&T) reported a 9.1% in revenue to Rs 21,874 Cr for Q1FY17. The net profit increased by 46% to Rs 610 Cr from Rs 419 Cr in the same period last year. Order Inflows went up by 14% (YoY), most of them coming from Infrastructure and Hydro Carbon segments.
For further information fill form Researcher will get in touch http://shieldresearch.in/#trial_form
