Stock Cash Tips :-
NIFTY FUTURE : R1:8168 R2:8228 R3:8266
PIVOT :8130 S1:8070 S2:8032 S3:7972
NIFTY FUTURE:-
STRATEGY :-
Sell Nifty Future below 8100 for the target of 8050 -8000 with the stop loss of 8180.
CORPORATE NEWS :-
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NIFTY FUTURE : R1:8168 R2:8228 R3:8266
PIVOT :8130 S1:8070 S2:8032 S3:7972
NIFTY FUTURE:-
The Nifty opened the week at 8088, made a high of 8272, low of 8078 and closed the week at 8110. Thus the Nifty closed the week with a loss of 16 points. The domestic equity indices plunged on Friday, with the Nifty and Sensex indices breaching crucial psychological levels of 8,100 and 26,500, respectively, amid brisk selling on the frontline blue chip counters. The Correction continues and the Correction levels are placed at Nifty 8000-7897-7644. As far as the Nifty 8000 level is concerned then, a Pull-back cannot be ruled out in the short term but the trend will remain Bearish. so holding below 8000 then 7,920, 7,880 levels might again start the next downward leg towards the 7,600 level in the coming sessions.Macroeconomic data, monetary policy decision by the Reserve Bank of India (RBI), trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.
Sell Nifty Future below 8100 for the target of 8050 -8000 with the stop loss of 8180.
CORPORATE NEWS :-
Vedanta Resources Plc plans to invest as much as Rs 200 billion (USD 2.9 billion) over three years to expand its alumina and aluminium producing capacity in Odisha, its chairman Anil Agarwal said. The company plans to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current 2 million tonnes and double the capacity of its Jharsuguda aluminium smelter to 2 million tonnes.
Bajaj Auto reported 13% decline in total sales for November at 269,948 units compared to 309,673 units in the same month last year. Motorcycles sales fell by 12% to 237,757 units, while commercial vehicles sales stood at 32,191 units, down 17%. Exports declined 16% to 115,425 units on YoY basis.
TVS Motor Company sold 219,088 units in November, o.6% higher on YoY basis. Motorcycles sales fell 17.3% to 67,896 units and scooters sales declined 3.8% to 73,135 units. Three wheelers were hit hard as sales slumped 23.5% to 5,883 units.
Bajaj Auto reported 13% decline in total sales for November at 269,948 units compared to 309,673 units in the same month last year. Motorcycles sales fell by 12% to 237,757 units, while commercial vehicles sales stood at 32,191 units, down 17%. Exports declined 16% to 115,425 units on YoY basis.
TVS Motor Company sold 219,088 units in November, o.6% higher on YoY basis. Motorcycles sales fell 17.3% to 67,896 units and scooters sales declined 3.8% to 73,135 units. Three wheelers were hit hard as sales slumped 23.5% to 5,883 units.
