NIFTY FUTURE SHIELD RESEARCH

Stock Cash Tips :- 

NIFTY FUTURE : R1:8748 R2:8795 R3:8838

PIVOT :8705 S1:8658 S2:8615 S3:8568

CHART INTERPRETATION :-

 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 8750 and8900thereafter.

Mechanical indicator stochastic RSI also showing consolidated trend.

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 SECTORAL INDICES :-

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INDEX OUTLOOK :-

NIFTY FUTURE:- 

The Sensex and Nifty closed lower on Tuesday, pausing after a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged and retained FY17 GDP growth forecast at 7.6%.Today’s decline was led by the telecom, oil & gas, metal, pharma, FMCG and capital goods stocks, while consumer durables stocks is among the gainer.

On the economy front, the GST constitutional amendment bill was passed by the Lok Sabha.

Prime Minister Narendra Modi in Lok Sabha said that with GST, the government intends to bring uniformity in taxation.

STRATEGY:-

Buy Nifty Future above 8710 for the target of 8760 -8810 with the stop loss of 8640.

CORPORATE NEWS :-
The Reserve Bank of India kept the repo rate unchanged at 6.5% due to hardening inflation numbers. Other key rates namely CRR, Reverse Repo, Bank Rate were kept unchanged. Growth Projection was kept unchanged at 7.6% on gross value addition basis.

Healthcare major Lupin’s consolidated Net profit rose sharply by 55.1% to Rs. 882 Cr for Q1FY17 from Rs. 568.6 Cr in the same period last year. Net sales grew by 40% yoy to Rs. 4,313.6 Cr from Rs. 3,081 Cr. Numbers were boosted by strong volume sales in US and Japan.

Apollo Tyres reported an 11% yoy rise in Net profit to Rs. 314.7 Cr in Q1FY17, against Rs. 284.4 Cr in the same period last year. Total Income increased by 16% to Rs. 3,331 Cr from Rs. 2,869.2 Cr on a YoY basis.

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NIFTY FUTURE SHIELD RESEARCH

Stock Cash Tips :- 

NIFTY FUTURE : R1:8759 R2:8776 R3:8792

PIVOT :8742 S1:8725 S2:8709 S3:8692

CHART INTERPRETATION :-
 

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 8750 and8900thereafter.

Mechanical indicator stochastic RSI also showing consolidated trend.

Shield research

 SECTORAL INDICES :-

INDEX OUTLOOK :-

NIFTY FUTURE: -

The Indian equity market rallied for third consecutive session on Monday ahead of RBI policy review on Tuesday.

The NSE Nifty index rose to a 15-1/2 month high thanks to positive cues from the Asian and the European markets. The Sensex hit its highest level since 1 August 2016, while

Nifty hit its highest level since 16 April 2015.Oil & Gas, energy, auto, IT, consumer durables and metal stocks led from the front. Only telecom index was among the major loser.

STRATEGY: -

Buy Nifty Future above 8730 for the target of 8780 -8830 with the stop loss of 8650.

CORPORATE NEWS :-

Britannia reported a 13.1% increase (YoY) in Net profit to Rs. 219.1 Cr for Q1FY17 from Rs. 193.6 Cr in Q1FY16. Total Income from operations rose by 9% to Rs. 2,196.6 Cr from Rs. 2,013.9 Cr.

Hero Motocorp reported an 18% increase (YoY) in Net profit to Rs. 883.1 Cr from Rs 747.5 Cr. Revenue increased by 7.8% to Rs. 8,131 Cr from Rs 7,539.8 Cr in the corresponding quarter last fiscal. Operating profit (EBITDA) increased by 18% (YoY).

Shares of Wockhardt nosedived by 10% after the US FDA banned product imports from Wockhardt’s Ankleshwar plant for violation of manufacturing norms. This is their third plant to receive an import alert from the US FDA.
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