Stock Cash Tips :-
NIFTY FUTURE : R1:8267 R2:8285 R3:8299
PIVOT :8254 S1:8236 S2:8223 S3:8205
CHART INTERPRETATION :-
CORPORATE NEWS :-
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.
STRATEGY: Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.
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%.
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%.
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