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.