SHIELD RESEARCH SUPPORT & RESISTANCE UPDATE

Securities in Ban For Trade Date 13-APR-2017:

1 ADANIPOWER

2 BHARATFIN

3 INFIBEAM

4 JINDALSTEL

5 UJJIVAN

            NIFTY

RESISTANCE LEVELS R1:9262 R2:9287 R3:9357

SUPPORT LEVELS    S1:9192 S2:9147 S3:9077

            BANK NIFTY

RESISTANCE LEVELS R1:21831  R2:21927 R3:22197

SUPPORT LEVELS    S1: 21561 S2:21387 S3:21117

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SHIELD RESEARCH :- NIFTY UPDATE

STOCK CASH TIPS :- 

NIFTY FUTURE :  R1:8825    R2:8860  R3:8864

PIVOT :87991     S1:8745    S2:8700   S3:8660

CHART INTERPRETATION :-

The Nifty is likely to open gap up on the back of strong global cues. 

Buy Nifty in the range of 8785-8795 for targets of 8845-8865, stop loss: 8765 • 

Nifty Bank Future: On the back of mixed activity, the index ended marginally above 20200. However, SBI remained firm after quarterly numbers, which provided some cushion to the index. 

We feel the index has a decent support near 20000 and is well placed to retest the levels of 20500 in coming days. 

Buy Nifty Bank in the range of 20120-20170, targets: 20260-20350, stop loss: 20060

INDEX OUTLOOK  :-

The Nifty settled with tiny gains after what was a range bound and lacklustre trading session. 

The IT space saw short covering while weakness was seen in the pharma and FMCG space. 

Nifty futures settled at a premium of 16 points • 

FIIs turned buyers in the last session as they bought | 504 crore in equities while DIIs sold | 225 crore. FIIs bought | 243 crore in index futures and also bought | 851 crore in index options. 

In stock futures, they bought | 76 crore • 

The highest Put base is at the 8500 strike with 61 lakh shares while the highest Call base is at the 9000 strike with 63 lakh shares. 

The 9000 Call strike saw additions of 5.6 lakh shares, while 8800 and 8700 Put strikes saw additions of 4.9 and 3.8 lakh shares, respectively.

SECTORIAL INDICES :-  

CORPORATE NEWS :-
      

Mahindra & Mahindra (M&M) reported a 33.3% rise in Net Profit to Rs. 1,112.3 Cr in Q3 against Rs. 834.5 Cr in the corresponding quarter last fiscal. Total Revenue from Operations was up by 1.5% to Rs. 11,778 Cr as against Rs. 11,607.4 Cr in the corresponding quarter last year. 

M&M saw a 7% decline in the revenues from the automotive segment to Rs. 7,453.1 Cr. Shares closed down 1.1%.

State Bank of India (SBI) reported a 134% growth in Net Profit to Rs. 2,610 Cr against Rs. 1,115.3 Cr in the corresponding quarter last year. 

Net Interest Income grew by 7.7% to Rs. 14,754.5 Cr in Q3 against Rs. 13,697 Cr in the corresponding quarter last year. 

Asset Quality weakened slightly, as Gross NPAs increased to 7.23% from 7.14% in the last quarter and Net NPAs stood at 4.24% as compared to 4.19% in the last quarter.

SML Isuzu reported an 18.33% rise in Total Income to Rs. 229.8 Cr in Q3 against Rs. 194.2 Cr in the corresponding quarter last fiscal. 

Net Profit for the quarter stood at Rs. 3.2 Cr against a loss of Rs. 0.9 Cr in the corresponding quarter last year. Shares closed up 1.4%.

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NIFTY UPDATE :- SHIELD RESEARCH

Stock Cash Tips :- 


NIFTY FUTURE : R1:8779   R2:8814   R3:8855

PIVOT :8738        S1:8702     S2:8661    S3:8626

CHART INTERPRETATION :- 

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8380 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8350 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8630-8610- 8580-8550 whereas strong resistance would be seen at 8680-8700-8730 levels.

INDEX OUTLOOK :-
  
NIFTY FUTURE:-

 Equity benchmarks closed off day's high amid consolidation Thursday, dragged by profit booking in auto, infra and HDFC Group stocks. Investors remained on sidelines after pricing in Budget event and await RBI policy due next week & corporate earnings. Finance Minister Arun Jaitley's Union Budget had lifted Sensex 486 points in previous session. Nifty closed at 8734.25 levels, up by 17.85 points; while Sensex closed at 28226.61 levels, up by 84.97 points. Nifty and Sensex closed at four months’ closing high. India VIX index closed at 13.52 levels, down by 3.22%. There were 905 advances, 723 declines and 283 unchanged stocks on NSE, reflecting strong positive bias floating in the market. Broader markets rallied at closing hours. BSE Mid-cap index in the last half hour of trading, touched high of 13237.74 levels, up by 1.16%. BSE Small -cap index closed at 13278.62 levels, up by 125.48 points. BSE Midcap index closed at 13205.36 levels, up by 120.12 points or 0.92%.

STRATEGY:-

Buy Nifty Future above 8750 for the target of 8800 -8850 with the stop loss of 8680.

SECTORIAL INDICES :- 

CORPORATE NEWS :-
  

Marico reported a 7.4% drop in Total Income to Rs. 1,416.7 Cr against Rs. 1,530.3 Cr in the corresponding quarter last year. Domestic Volumes de-grew 4% due to demonetization, while international business volumes grew 2%. Net Profit declined by 6.9% to Rs. 191.6 Cr against Rs. 205.7 Cr in the corresponding quarter last year.
    
Bajaj Auto reported a 17.7% decline in sales volume for January 2017 to 2,41,917 units against 293,939 units in January 2016. Motorcycle sales declined by 16.3% to 2,11,824 against 2,52,988 units sold in January 2016. Commercial Vehicles sales declined 27% YoY. Shares closed down 1.7%.
    
TVS Motor posted flat sales of 2,07,059 units in January 2017 as against 2,08,485 units recorded in the month of January 2016. Total two-wheelers sales were 2,02,209 units as against 2,01,233 units previously. Three-wheeler sales fell significantly to 4,850 units in January 2017 as against 7,252 units. Exports were 34,110 units in January 2017 as against 34,823 units previously. Shares closed down 1.2%.

If you want more information regarding the nifty market update & many share market tips like Equity tips, commodity tips, stock cash tips many more just go through website  http://shieldresearch.in/ we will get in touch ASAP.

 
 

SHIELD RESEARCH :- MARKET UPDATE

Stock Cash tips :-
NIFTY FUTURE :  R1:8432  R2:8469  R3:8520

PIVOT :8348     S1:8351      S2:8300    S3:8266

CHART INTERPRETATION :-

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226-8180-8150 whereas strong resistance would be seen at 8445-8465levels.

INDEX OUTLOOK :-    

STRATEGY:  Sell Nifty Future near 8441 for the target of 8400 with the stop loss of 8481.

 Sectorial Indices :-

 CORPORATE NEWS  :-   

Hindustan Unilever reported a 6.9% increase in Net Profits to Rs. 1,037.9 Cr in Q3FY17 against Rs. 971.7 Cr in the corresponding quarter last year. It had an exceptional profit on sale of surplus properties of Rs. 159 Cr and restructuring expenses of Rs. 6 Cr. Total Income fell 0.8% on YoY basis to Rs. 8,317.9 Cr against Rs. 8,384.7 Cr. EBITDA margin contracted by 70 basis points largely due to rising input costs.

JSW Energy reported a 26.7% drop in Consolidated Net Profit to Rs. 1,904.3 Cr as compared to Rs. 2,599 Cr YoY. Operating Profit stood at Rs. 657 Cr, down by 42.7%. Net Profit went down 93.1% to Rs. 21.4 Cr, against Rs. 309.3 Cr YoY on lower generation and lower tariff. Total plant load factor for the quarter stood at 56%, which was much lower compared with 71% in same quarter last year, impacted by lower PLF at Ratnagiri and Vijayanagar plants.

Kalpataru Power Transmission received orders worth Rs. 825 Cr. The order consists of transmission line and sub-station projects worth Rs. 440 Cr in Africa and CIS (Commonwealth of Independent States) region. There were two other pipeline projects from IOCL and GAIL worth about Rs. 277 Cr and a railway project from CORE worth about Rs. 111 Cr. Shares closed up 2.2%.

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SHIELD RESEARCH :- MARKET UPDATE

STOCK CASH TIPS:-

NIFTY FUTURE : R1:8432  R2:8447  R3:8461

PIVOT :8409    S1:8394      S2:8371   S3:8356
CHART INTERPRETATION :-

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226-8180-8150 whereas strong resistance would be seen at 8445-8465levels.

SHIELD RESEARCH MARKET UPDATE

 INDEX OUTLOOK :-
   

NIFTY FUTURE: Equity benchmarks extended gains for 3rd consecutive session Thursday, with the Sensex closing at two-month high after stable earnings from banks (despite demonetisation) and China's decision to cut steel production. Globally investors will closely watch US President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. Nifty moved closer to 8400 level, up 92.05 points or 1.11 %at 8380.65. Nifty managed to close above its 100 days EMA level of 8300 and hence we may expect some more upside from here. Going forward, if Nifty breaks above 8380 on closing basis we hold 8460 followed by 8510 as the near-term resistances. If 8300 is broken on the downside we hold 8275-8230 as the supports.

 STRATEGY: SELL Nifty Future above 8461 for the target of 8400 with the stop loss of 8481.

SECTORIAL INDICES :-  

CORPORATE NEWS :-      

TCS reported Total Revenue at Rs. 29,735 Cr, up by 8.7% on a YoY basis, against Rs. 27,364 Cr in the corresponding quarter last year. Net Profit increased by 10.9% to Rs. 6,778 Cr, against Rs. 6,110 Cr in the corresponding quarter last year.

Operating Income stood at Rs. 7,733 Cr, and margins remained stable at 26%. Business from markets like Latin America and India clocked double digit growth of 12.5% and 10.3% sequentially, while North America grew 2.2 % and UK showed 1.7% growth.

Bajaj Corp reported a 17.2% rise in Net Profit in Q3FY17 to Rs. 57.8 Cr, as against Rs. 49.3 Cr in the corresponding quarter last year. On the contrary, Net Sales were down by 4.8% at Rs. 186.4 Cr against Rs. 195.7 Cr previously.

MMTC’s Joint Venture with Orissa Government - Neelachal Ispat Nigam signed a mining lease agreement for iron ore, which is its basic raw material for operations. Shares closed up 3.3%.

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S&P 500 ends up slightly with boost from financials; Netflix up

S&P 500 ends up slightly with boost from financials; Netflix up

Wall Street Market Update

S&P 500 ends up slightly with boost from financials; Netflix up The S&P 500 ended a choppy session slightly higher on Wednesday, helped by a rise in financials after Federal Reserve Chair Janet Yellen said it “makes sense” to gradually lift interest rates.

The Dow Jones Industrial Average closed down 22.05 points, or 0.11 percent, to 19,804.72, the S&P 500 gained 4 points, or 0.18 percent, to 2,271.89 and the Nasdaq Composite added 16.93 points, or 0.31 percent, to 5,555.65.

For further inquiries market update & tips like Equity tips & many more just go through website http://shieldresearch.in/index.php/stock_cash_intraday we will get in touch

NIFTY UPDATE :- SHIELD RESEARCH

STOCK CASH TIPS :- 

NIFTY FUTURE :  R1:8432   R2:8447  R3:8461

PIVOT :8409          S1:8394   S2:8371   S3:8356

CHART INTERPRETATION :-

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226-8180-8150 whereas strong resistance would be seen at 8445-8465levels.

INDEX OUTLOOK :- 

NIFTY FUTURE:-  Equity benchmarks extended gains for 3rd consecutive session Thursday, with the Sensex closing at two-month high after stable earnings from banks (despite demonetisation) and China's  decision to cut steel production. Globally investors will closely watch US President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. Nifty moved closer to 8400 level, up 92.05 points or 1.11 %at 8380.65. Nifty managed to close above its 100 days EMA level of 8300 and hence we may expect some more upside from here. Going forward, if Nifty breaks above 8380 on closing basis we hold 8460 followed by 8510 as the near-term resistances. If 8300 is broken on the downside we hold 8275-8230 as the supports.

STRATEGY:-  SELL Nifty Future above 8461 for the target of 8400 with the stop loss of 8481.

CORPORATE NEWS :-    

TCS reported Total Revenue at Rs. 29,735 Cr, up by 8.7% on a YoY basis, against Rs. 27,364 Cr in the corresponding quarter last year. Net Profit increased by 10.9% to Rs. 6,778 Cr, against Rs. 6,110 Cr in the corresponding quarter last year.

Operating Income stood at Rs. 7,733 Cr, and margins remained stable at 26%. Business from markets like Latin America and India clocked double digit growth of 12.5% and 10.3% sequentially, while North America grew 2.2 % and UK showed 1.7% growth.

Bajaj Corp reported a 17.2% rise in Net Profit in Q3FY17 to Rs. 57.8 Cr, as against Rs. 49.3 Cr in the corresponding quarter last year. On the contrary, Net Sales were down by 4.8% at Rs. 186.4 Cr against Rs. 195.7 Cr previously.

MMTC’s Joint Venture with Orissa Government - Neelachal Ispat Nigam signed a mining lease agreement for iron ore, which is its basic raw material for operations. Shares closed up 3.3%.

If you want to more information regarding the Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips & many more just go through website & fill form http://shieldresearch.in/#trial_form Team will get in touch ASAP.

NIFTY UPDATE :- SHIELD RESEARCH

STOCK CASH TIPS :-

NIFTY FUTURE :  R1:8432  R2:8447    R3:8461

PIVOT :8409      S1:8394      S2:8371     S3:8356

CHART INTERPRETATION :- 

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate    fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days.  Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226-8180-8150 whereas strong resistance would be seen at 8445-8465levels. 

INDEX OUTLOOK :-
   
NIFTY FUTURE: -

Equity benchmarks extended gains for 3rd consecutive session Thursday, with the Sensex closing at two-month high after stable earnings from banks (despite demonetisation) and China's decision to cut steel production. Globally investors will closely watch US President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. Nifty moved closer to 8400 level, up 92.05 points or 1.11 %at 8380.65. Nifty managed to close above its 100 days EMA level of 8300 and hence we may expect some moreupside from here. Going forward, if Nifty breaks above 8380 on closing basis we hold 8460 followed by 8510 as the near-term resistances. If 8300 is broken on the downside we hold 8275-8230 as the supports.

STRATEGY: SELL Nifty Future above 8461 for the target of 8400 with the stop loss of 8481.

Sectorial Indices :- 

CORPORATE NEWS :-    

TCS reported Total Revenue at Rs. 29,735 Cr, up by 8.7% on a YoY basis, against Rs. 27,364 Cr in the corresponding quarter last year. Net Profit increased by 10.9% to Rs. 6,778 Cr, against Rs. 6,110 Cr in the corresponding quarter last year.

Operating Income stood at Rs. 7,733 Cr, and margins remained stable at 26%. Business from markets like Latin America and India clocked double digit growth of 12.5% and 10.3% sequentially, while North America grew 2.2 % and UK showed 1.7% growth.

Bajaj Corp reported a 17.2% rise in Net Profit in Q3FY17 to Rs. 57.8 Cr, as against Rs. 49.3 Cr in the corresponding quarter last year. On the contrary, Net Sales were down by 4.8% at Rs. 186.4 Cr against Rs. 195.7 Cr previously.

MMTC’s Joint Venture with Orissa Government - Neelachal Ispat Nigam signed a mining lease agreement for iron ore, which is its basic raw material for operations. Shares closed up 3.3%.

For further information regarding Nifty update & share market tips like Equity tips, Stock cash tips,commodity tips, futures services & many more just go through website http://shieldresearch.in/index.php/stock_cash_intraday team will get in touch ASAP.  

NIFTY UPDATE :- SHIELD RESEARCH

Stock cash Tips :- 

NIFTY FUTURE : R1:8416   R2:8446   R3:8492

PIVOT :8370      S1:8340       S2:8294   S3:8265

CHART INTERPRETATION:-  

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226-8180-8150 whereas strong resistance would be seen at 8330-8365-8405-8445 levels.

INDEX OUTLOOK :- 

NIFTY FUTURE: Equity benchmarks extended gains for second consecutive session Wednesday, with the Sensex closing at two-month high after stable earnings from banks (despite demonetisation) and China’s decision to cut steel production. Globally investors will closely watch US President-elect Donald Trump’s news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. Sensex closed above 27000 level for the first time since November 10, 2016, up 240.85 points or 0.90 % at 27140.41. Nifty moved closer to 8400 level, up 92.05 points or 1.11 %at 8380.65. Nifty managed to close above its 100 days EMA level of 8300 and hence we may expect some more upside from here. Going forward, if Nifty breaks above 8380 on closing basis we hold 8460 followed by 8510 as the near-term resistances. If 8300 is broken on the downside we hold 8275-8230 as the supports.

STRATEGY: Buy Nifty Future above 8400 for the target of 8450 -8500 with the stop loss of 8330.

SECTORIAL INDICES :-  

CORPORATE NEWS :-       

South Indian Bank reported a 9.6% rise in Net Profit to Rs. 111.4 Cr in Q3 from Rs. 101.6 Cr in the corresponding quarter last year. Total Income rose by 5.1% to Rs. 1,479 Cr from Rs. 1407.7 Cr previously. Asset Quality was stable as Gross NPA stood at 3.98% in Q3, as compared to 3.96% in Q2. Net NPA stood 2.52%, as against 2.77% previously. Shares closed up 2.9%.

Welspun India announced that it will invest Rs. 4,000 Cr in 3 new projects in Gujarat. The company signed a MoU for the 3 projects during the Vibrant Gujarat Summit. Shares closed up 4.8%.

Suzlon Energy secured the order of a 226.8 MW wind power project from a leading independent power producer (IPP) in Anantapur district of Andhra Pradesh. The project is scheduled for completion by March, 2017. Shares closed up 3%.
For further information of regarding the Nifty market & share market tips like Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips just go through website & fill form http://shieldresearch.in/#trial_form we will get in touch ASAP.

Nifty Update :- Shield Research

 Stock cash Tips :- 

NIFTY FUTURE :  R1:8308     R2:8322    R3:8347

PIVOT :8284           S1:8269      S2:8245    S3:8230

CHART INTERPRETATION:-   

 Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market

would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226-8180-8150 whereas strong resistance would be seen at 8330-8365-8405-8445 levels.

INDEX OUTLOOK :-   

NIFTY FUTURE: Nifty and Sensex closed 0.65% up at 8289 and 26900 levels respectively. Broader markets maintained out performance where midcap and small cap indices closed 0.8% and 0.7% higher. Market bias remained positive with 1662 advances and 1151 declines. BSE Metal and BSE Industrials were the top performers with the indices gaining by 1.42% and 1.57%.PSU Bank Index gained impressively even as all sectoral indices close in green indicating  broad-based rally in markets today BSE consumer durables and BSE Auto were the other sectoral index that gained more than 1% on Tuesday. Nifty traded near 8294 levels and closed just below the crucial level at 8289. Nifty has managed to close above its 200 days EMA at 8242. Going forward the immediate resistance at 8298-8300 levels remain intact which is also its 100 days EMA level. On the downside 8260 followed by 8228 will act as the immediate supports for now.

 STRATEGY: Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.

Sectorial Indices :- 

CORPORATE NEWS :-  

IndusInd Bank’s net profit for Q3 rose by 29.2 to Rs. 750.6 Cr Cr from Rs. 581 Cr in the corresponding quarter last fiscal. Net interest Income grew by 34.5% to 1578.4 Cr in Q3 on a YoY basis. Other income grew by 21.2% to Rs. 1,016.8 Cr and operating profit went up 28.5% to Rs 1,363.3 Cr in Q3. Asset quality dipped slightly, as Gross NPAs increased to 0.94%, up from 0.9%,sequentially. Net NPAs rose to 0.39% from 0.37% sequentially.

Engineers India secured a contract worth Rs. 2500 Cr from HPCL for execution of Vizag Refinery Modernization Project (VRMP). Shares closed up 2.7%.

 Share price of Ajanta Pharma gained 1.6% on the USFDA approval for Duloxetine hydrochloride delayed release capsules. The company will be launching the product in 3 strengths, 20 mg, 30 mg and 60 mg strengths capsules.

For further  information regarding the Nifty market update & many share market tips  Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips just go through website http://shieldresearch.in/index.php/stock_cash_intraday  we will get in touch.

Stock Cash Tips :- 

NIFTY FUTURE : R1:8267  R2:8285   R3:8299

PIVOT :8254        S1:8236   S2:8223    S3:8205

CHART INTERPRETATION :- 

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226- 8180-8150 whereas strong resistance would be seen at 8330-8365-8405-8445 levels.

 INDEX OUTLOOK :-  

NIFTY FUTURE: Benchmark indices closed range bound session moderately lower on Monday as investors awaited December quarter earnings and macro data later in the week. The 30-share BSE Sensex was down 32.68 points at 26726.55 and the 50-share NSE Nifty fell 7.75 points to 8236.05 while the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.2-0.5 percent. Now all eyes are on third quarter earnings season (that will kick start by Infosys and TCS) and macro data (December CPI inflation and November factory data) that will be announced later in the week. Overall analysts will closely watch the impact of demonetisation on Q3 earnings while for IT companies, Q3 is generally a tepid quarter but their outlook will be key. As of now, 8300 is acting as hurdle in Nifty and needs some decisive trigger for further up move. Nifty remains intact where we hold 8240-8250 as the immediate resistance followed by the 8300 mark. While on the downside 8230-8200 will act as immediate support followed by 8100.

STRATEGY: Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.

CORPORATE NEWS :-

Pokarna’s subsidiary Porkarna Engineered Stone Ltd (PESL) partnered with IKEA India to serve its exclusive quartz surfaces supply and installation partner. Shares of Pokarna closed up 19.3%.

Hindustan Construction Company (HCC) was awarded a Rs. 368.6 Cr worth contract by Ircon International for the construction of cable stayed bridges in Jammu and Kashmir. The project is to be completed in 36 months.

Granules India received 11 observations from Infarmed, the Portuguese drug regulator, for its facility located at Gagillapur, Panatella. Share price tanked down 9.8%.

For furher information regarding the Nifty market update & many other indian share market tips like Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips go through website http://shieldresearch.in/#trial_form we will get in touch ASAP.

 

Stock Cash Tips :-

NIFTY FUTURE :  R1:8312    R2:8357    R3:8385

PIVOT :8284     S1:8239        S2:8211     S3:8166


CHART INTERPRETATION  :- 

Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8250 levels for Nifty Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8250 levels then market would see a sharp breakdown. So traders can hold long positions only till Nifty hold these levels by closing. Nifty would see strong support at 8250-8226- 8180-8150 whereas strong resistance would be seen at 8330-8365-8405-8445 levels. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

INDEX OUTLOOK:- 
 

NIFTY FUTURE: The Nifty opened the week at 8215, made a high of 8329, low of 8151 and closed the week at 8268. Thus it closed the week with a gain of 81 points. The nifty ended down 30 points or 0.36 per cent at 8,243.8, after hitting its highest since November 11 earlier in the day. And ended 0.71 per cent higher for the week, its second such gain. The Indian shares fluctuated between gains and losses before ending the session lower on last hour of accelerated selling. The market gained to a near two-month high, ahead of the announcement of GDP data. week, the indices tested the short term average of 22dma Nifty – 8320 but could not close above it. the indices continue to remain below the medium term average of 55dma Nifty – 8250 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bullish whereas the trend in the long term timeframe still continues to remain bullish.

STRATEGY: Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.

Sectorial  Indices :-

CORPORATE NEWS :- 

Wockhardt stated that German regulator has issued European Union Good Manufacturing Practice certificate to the company’s Ankaleshwar facility in Gujarat. The shares of the company closed at Rs 710.9, up 5.6%

Piramal Enterprises rose 2.4%, as Piramal Finance, a subsidiary of Piramal Enterprises, said it plans to foray into housing finance business. In line with the company’s growth plans, Piramal Finance will now make an application to the National Housing Bank for incorporating a housing finance company. This was approved by the company’s board on January 5.

Natco Pharma jumped 4.7% to Rs 625.6 after the company said it has received final nod from US drug regulator for generic version of Bendamustine Hydrochloride powder.

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Nifty Update Shield Research

Stock Cash Tips :- 

NIFTY FUTURE :        R1:8312       R2:8336      R3:8375

PIVOT :8274               S1:8250       S2:8211      S3:8187

CHART INTERPRETATION :-

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

INDEX OUTLOOK :-

NIFTY FUTURE: Sensex rebounded over 171 points and the Nifty regained the 8,200-mark in the
opening trade today, reflecting gains in Asia after US Fed minutes suggested a less hawkish stance from policymakers. The 30-share index was trading higher by 171.39 points, or 0.64%, at 26,804.52 with all sectoral indices led by metal, auto, realty and banking stocks in the green. Besides, the NSE Nifty reclaimed the 8,200-mark by recovering 51 points, or 0.62 %, at 8,241.50. The BSE Mid-cap Index is trading up 1.08% at 12326, whereas BSE Small-cap Index is trading down 0.88% at 12481. Some buying activity is observed in Auto, Metal, Bank, Oil & Gas, Capital Goods, Pharma, while Information Technology, Telecommunications, Telecom are showing weakness on BSE. Out of 1896 stocks traded on the NSE, 435 declined, 1178 advanced and 283 remained unchanged today.The INDIA VIX is down 4.92% at 15.10.

STRATEGY:  Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.

 SECTORIAL INDICES :

CORPORATE NEWS :

Tata Motors was up almost 3% to Rs 500 after Jaguar Land Rover (JLR) reported a strong 30% jump in US sales at 12,573 units in December 2016 against 9,638 units a year earlier.

Sun Pharma added 2% at intra-day after the pharma major announced successful Phase 3confirmatory clinical trial results for Seciera for the treatment of dry eye disease. The stock closed at Rs 643.45 up 0.96%.

Shares of Jagran Prakashan rose 6.5 % ahead of board meeting to consider buyback of its shares of upto Rs 302.25 crore. The shares of the company closed at Rs 177.15 down 2.07%.

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Nifty Market :- Shield Research

Stock Cash tips :-

NIFTY FUTURE :       R1:8230   R2:8263  R3:8299

PIVOT :8194              S1:8161     S2:8125  S3:8092

CHART INTERPRETATION :-

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

INDEX OUTLOOK  :-  

NIFTY FUTURE:-

 The Indian markets opened flat on Tuesday with a negative bias, tracking SGX Nifty and global cues, and then were trading on a mixed note. At 10.34 am, the Sensex was trading at 26587.55, down by 7.90 points, while the Nifty was trading 4.40 points up at 8183.90. closed with a gain of 13 points at 8,192. It opened at 8,196, hit a intra day high of 8,219 and low of 8,149. Sentiments got some support after Union Finance Minister Arun Jaitley expressed hope that Goods and Services Tax (GST) will be implemented in 2017 and a digitised economy will be the future of India. However, gains were limited after a government report showed that Core sector output in the month of November slowed down to 4.9% from 6.6% in October and 5.01% in September, mainly due to decline in production of crude oil and natural gas. Meanwhile, investors keeping an eye on the GST Council meeting, to arrive at a consensus on contentious issues, including dual administrative control and inter-state supply. The India VIX (Volatility) index was up 0.8% to 15.96. Out of 1,893 stocks traded on the NSE, 483 declined and 1,135 advanced today. The rupee was trading down by 8 paise at 68.30 per US dollar.

STRATEGY:-

Buy Nifty Future above 8200 for the target of 8250 -8300 with the stop loss of 8130.

CORPORATE NEWS :-    

Hero MotoCorp reported a 33.9% dip in its total sales in December 2016 at 3,30,202 units as against 4,99,665 units in the same month last year. The Company recorded its highest-ever sales in a calendar year in 2016 with a record 67,62,980 units of two-wheelers, up by 4.3% YoY. Shares closed down 1.3%.

Bajaj Hindusthan Sugar proposed sale of its co-generation power business to their group firm Lalitpur Power Generation Company Ltd (LPGCL) for about Rs 1,800 Cr.

Balrampur Chini and Dhanuka Agritech informed bourses that their respective boards have accepted their buyback proposals. Balrampur Chini will buy back shares worth up to Rs 175 Cr at a price not exceeding Rs 175 per share. Dhanuka Agritech fixed their buyback price at Rs. 850 to buy back shares worth Rs. 80 Cr.

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Nifty Market Update :- Shield Research

STOCK FUTURES TIPS:-

NIFTY FUTURE :   R1:8223     R2:8255       R3:8291

PIVOT :8187          S1:8155      S2:8119         S3:8088

CHART INTERPRETATION :-

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000. On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term time  frame remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

INDEX OUTLOOK :-

NIFTY FUTURE:-

The Indian stock markets opened on a subdued note on the first trading day of 2017, with profit-booking after recent gains. The stock markets displayed subdued investor sentiment owing to profit booking rupee depreciation. The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, fell to 49.6 in December from November's 52.3. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. Realty companies were in demand after Prime Minister Narendra Modi on December 31 announced that loans of up to Rs 9 lakh taken in the new year under the new scheme of Pradhan Mantri Awas Yojana will receive interest subvention of 4 per cent and loan of up to Rs 12 lakh will get a 3 per cent interest waiver.Selling pressure was witnessed in banking, financial services, FMCG and IT stocks, while realty, auto, metal, media and pharma were among the gainers. Nifty closed with a loss of a mere six points at 8,180. The NSE Nifty opened at 8,210 hitting a high of 8,212 and low of 8,134. The India VIX index was up 2.36% at 15.83. Out of 1,903 stocks traded on the NSE, 417 declined and 1,194 advanced today.The rupee was trading down 16 paise at 68.07 per US dollar.

STRATEGY :-

Buy Nifty Future above 8200 for the target of 8250 -8300 with the stop loss of 8130.

SECTORIAL INDICES :-

CORPORATE NEWS :-  

 Mahindra & Mahindra rose 2.33% to Rs 1,212 on BSE after the company said its total tractor sales rose 9% to 14,047 units in December 2016 over December 2015. The stock closed at 1224.9 up 3.42%

Lupin rose 0.8% after the company announced that it has received final approval for its Cevimeline  Hydrochloride Capsules, 30 mg from the US drug regulator.

IL&FS Engineering and Construction Company Ltd received a Letter of Acceptance for a road contract from the Ministry of Road Transport & Highways through the Public Works Department of Karnataka Government. The Rs 242.56cr projects involves widening of two/four lane with paved shoulders from 54.37 km to 101.400 km in the Bidar to Humnabad section of NH-50.The shares of the company closed at Rs45.4 up 7.46%

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