Equity Research Lab :- Nifty Report 30 June

 STOCK CASH TIPS

 NIFTY SPOT: 8204.00

Nifty Future     R1:8227        R2:8250          R3:8286
Pivot:8191        S1:8168        S2:8132           S3:8109

STOCK CASH TIPS

   CHART INTERPRETATION  

• Nifty closed on at 8204.00 On Wednesday. Next logical targets for nifty would be 8250-8280 and breaching of 8000 would force nifty to see levels of 7900. whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability for nifty to touch 8230-8250 levels. 
•  Mechanical indicator stochastic RSI also showing consolidated trend.

    INDEX OUTLOOK    

NIFTY FUTURE: The Indian stock market is trading higher on a buying build-up by participants, tracking a global rally. The Nifty and the Sensex opened marginally higher a day ahead of derivatives expiry. The BSE Sensex opened 102.60 points up at 26,627.15 while NSE Nifty opened 45.25 points up at 8.173.10. Domestic sentiment was also buoyed as the Union Cabinet has approved a proposal to revise upwards salaries and pensions for government employees. Mid-cap Index is trading up 0.93% at 11,566 whereas BSE Small-cap Index is trading up 1.21% at 11,680. 

INTRADAY STRATIGY: Buy Nifty future above 8230 for the tgt of 8280-8330 sl 8160.

   SECTORIAL INDICES   

    CORPORATE NEWS   

• DLF shares rallied by 7.8% after its promoter KP Singh announced his plans to make the company debt free. The promoter plans to infuse capital worth Rs. 10,000 crores by purchasing shares in a preferential issue.
•  The cabinet approved the 7th Pay Commission Scheme which seeks to give pay hikes to employees of the Government. Shares of Consumer Goods and Auto Sector companies went up on the expectations of higher demand.
•  Shares of Auto Ancillaries Company, BOSCH, went up by 5.9% after the company’s board announced plans to buy back shares.

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Equity Research Lab :- Nifty Report 29th June

 STOCK CASH TIPS

 NIFTY SPOT: 8127.85

Nifty Future    R1:8168       R2:8200       R3: 8242
Pivot:8126       S1: 8094       S2:8052       S3:8020

STOCK CASH TIPS

   CHART INTERPRETATION  

• Nifty closed on at 8127.85 On Tuesday. Next logical targets for nifty would be 8130-8180 and breaching of 8000 would force nifty to see levels of 7900. whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability for nifty to touch 8225-8250 levels.
•  Mechanical indicator stochastic RSI also showing consolidated trend.

    INDEX OUTLOOK    

NIFTY FUTURE: The Indian stock market showed signs of resilience for second consecutive trading session on Tuesday as benchmarks surged higher. Nifty surpassed the 8100 mark while the BSE Sensex ended above the 26, 500 mark. Sentiment got a fillip as European indices too staged a strong recovery ahead of the commencement of a two-day European Council meet. The smart upswing was led by telecom, FMCG, metal, realty, power and oil & gas stocks. Even, mid-cap and Smallcap stocks participated in the rally. On the other hand, IT and consumer durables were among the major losers. Meanwhile, finance ministry announced that it initiated the process of constituting a monetary policy committee (MPC), bringing into force the relevant amendments in the Reserve Bank of India Act from Monday. 

INTRADAY STRATIGY: Buy Nifty future above 8150 for the tgt of 8200-8250 sl 8080.

   SECTORIAL INDICES   

    CORPORATE NEWS   

•  Shares of Gujarat Gas gained by 6.6% after the gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) granted the company permission to setup its operations in Ahmedabad.
•  Tata Communications’ South African subsidiary Neotel was acquired by Liquid Telecom, a pan African telecom group. Shares of Tata Communications went up by 1.5%.
•  Aditya Birla Nuvo entered a Joint-Venture with South African Company MMI Holdings. The JV will allow AB Nuvo’s entry into the Indian Health Insurance Segment. Shares of AB Nuvo went up by 3.5%.

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Equity Research Lab :- Nifty Report 28th June.

 STOCK CASH TIPS

 NIFTY SPOT: 8094.70

Nifty Future    R1: 8140    R2:8176    R3: 8222
Pivot: 8094      S1: 8058     S2:8012     S3:7976

Stock Cash Tips

   CHART INTERPRETATION  

• Nifty closed on at 8094.70 On Monday. Next logical targets for nifty would be 8050-8000 and breaching of 8000 would force nifty to see levels of 7900. whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability for nifty to touch 8225-8250 levels. 

• Mechanical indicator stochastic RSI also showing consolidated trend.  

    INDEX OUTLOOK    

NIFTY FUTURE:- Finally, the Sensex ended with a gain of more five points at 26,403. Sensex opened at 26,348 touched an intra-day high of 26,494 and low of 26,263. While Nifty closed with a gain of seven points at 8,095. On the global front, Asian markets closed on a mixed note. The Shanghai Composite index closed higher. Hong Kong’s Hang Seng index ended lower, while Nikkei 225 jumped 1.4%. European markets were trading lower. The FTSE 100 was trading down 1.3%. DAX and the CAC 40 were trading lower 2% each. Mid-cap Index is trading up 0.68% at 11,389, whereas BSE Small-cap Index is trading up 1.44% at 11,441. On the economy front, Chief Economic Advisor Arvind Subramanian said that Brexit from the European Union, was a sad development but India would not be affected by it due to India’s solid macroeconomic.

INTRADAY STRATIGY:- Sell Nifty future above 8100 for the tgt of 8050-8000 sl 8170. 

   SECTORIAL INDICES   

    CORPORATE NEWS   

• Indian Meteorological Department announced that the Monsoon rains are likely to end later than usual this year. This could see heavy rains towards the latter stages of the season and would help the farmers to recover from two straight droughts in the previous years. 
• Shares of Bajaj Finserv went up by 4.25% after reports suggested that the company plans to buyout German Firm Allianz SE’s stake in its insurance firms – Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance. 
• Aban Offshore received a contract from ONGC for the deployment of its drillship Aban Abraham, for a period of 2 years. The shares of the company went up by 3.3%. 

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NIFTY SPOT: 8088.60 EQUITY RESEARCH LAB

Stock cash tips:-
 Nifty Future      R1: 8165    R2:8244     R3: 8363
 Pivot: 8046       S1: 7967    S2:7848     S3:7769
 
CHART INTERPRETATION:-
Nifty closed on at 8088.60 On Friday. Next logical targets for nifty would be 8050-8000 and breaching of 8000 would force nifty to see levels of 7900. whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability  for nifty to touch 8225-8250 levels.
Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK:-
NIFTY FUTURE:  The Indian equity market ended with sharp cuts on Friday after Britain voted to leave the European Union fuelling a wave of global uncertainty. Indices opened with a huge gap down with the NSE Nifty breaching past the 7950 mark while  Sensex tumbled over 1000 points. However, benchmarks began staging a smart come back in the second half. The pound collapsed to a 31-year low and there was pandemonium in the currency markets as well crude oil too slipped sharply. All the sectoral indices on the BSE closed in red. Selling pressure was seen in realty, metal, industrial, capital goods, banking, auto and energy.
INTRADAY STRATIGY: Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.


SECTORIAL INDICES:-

Key Indices – Levels to watch out for the day
INDEX (Spot)	RESISTANCE 2	RESISTANCE 1	LTP	SUPPORT 1	SUPPORT 2
SENSEX	26772	26585	26248	26060	25723
NIFTY	8244	8165	8046	7967	7848
NIFTYBANK	17764	17564	17244	17058	16724
NIFTYIT	11330	11266	11154	11091	10979

 

 


CORPORATE NEWS:-
•Auto giants having major exposure to European Union impacted from Brexit. Indian majors made significant investment in Europe, but investment in the UK is much more than the rest of Europe combined.
•Shares of KEC International rose by 3.5% after the company bagged orders of Rs. 1,036 crores. In transmission and distribution segment, they secured orders worth Rs. 666 crores from the Middle East and Americas regions. Orders worth Rs. 317 crores from Indian Railways and Rs. 53 crores in the Power and Telecom Cables segment were also secured.
•Mahanagar Telephone Nigam Limited (MTNL) shares rose by 4.3% after the company announced that it will submit its revival plan to the Department of Telecommunications (DoT). The plan intends to take the loss making telecom firm out of the red zone.

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NIFTY SPOT: 8270.45 EQUITY RESEARCH LAB

Stock cash tips:-
Nifty Future      R1: 8329         R2:8376         R3: 8446
Pivot: 8259       S1: 8212         S2:8142         S3:8095

CHART INTERPRETATION:-
Nifty closed on at 8270.45 On Thursday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8355 levels. On downside, support is at 8150 levels.
Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK:-
NIFTY FUTURE:  Nifty closed with a gain of 67 points at 8,270. The NSE Nifty opened at 8,201 hitting a high of 8,286 and low of 8,188. After being cautious for the past two trading sessions, stock market in India surged higher on Thursday tracking a strong upswing in the European equity markets as UK voters began to cast ballots on 'Brexit' referendum. The rally was sparked by buying in the banking, auto, Financials, industrial, pharma, consumer durables and oil & gas stocks. On the other hand, realty, telecom and power were among the major losers on BSE.
INTRADAY STRATIGY: Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.

CORPORATE NEWS :-
•NTPC share prices declined by almost 2% after the government decided to distribute an additional 5% stake to the company’s employees at a considerable discount, raising concerns over a fall in the Earnings per Share (EPS) of the company.
•Shares of KEC International rose by 3.5% after the company bagged orders of Rs. 1,036 crores. In transmission and distribution segment, they secured orders worth Rs. 666 crores from the Middle East and Americas regions. Orders worth Rs. 317 crores from Indian Railways and Rs. 53 crores in the Power and Telecom Cables segment were also secured.
•Mahanagar Telephone Nigam Limited (MTNL) shares rose by 4.3% after the company announced that it will submit its revival plan to the Department of Telecommunications (DoT). The plan intends to take the loss making telecom firm out of the red zone.
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NIFTY SPOT: 8203.70 EQUITY RESEARCH LAB

Stock cash tips:-
Nifty Future           R1: 8254          R2:8303           R3: 8353
Pivot: 8204            S1: 8154          S2:8104           S3:8055
  
CHART INTERPRETATION:-
Nifty closed on at 8203.70 On Wednesday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8250 levels. On downside, support is at 8050 levels.
Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK:-
NIFTY FUTURE:  At 3:30 PM, the S&P BSE Sensex ended at 26,765 down 47 points,  while NSE     Nifty is trading at 8,203 down 16 points. The BSE Mid-cap Index is trading  down 0.12% at 11,405, whereas BSE Small-cap Index is trading down 0.60% at 11,450.  The INDIA VIX is up 5.35 % at 18.1850. Out of 1,815 stocks traded on the NSE, 1062  declined, 507 advanced and 247 remained unchanged today. The Indian rupee opened  lower by 9 paise at 67.59/$ against US Dollar on Wednesday as against the previous close  of 67.48/$.
INTRADAY STRATIGY: Buy Nifty future above 8210 for the tgt of 8260-8320 sl 8140.

CORPORATE NEWS :-
•Shares of Max Ventures and Industries, one of the three companies formed after the demerger of Max India Limited hit the upper circuit of 5% after being listed on the bourses for the first time on Wednesday.
•Force Motors inaugurated their new 100 crores facility in Pune. The plant is meant to supply engines and axles to Mercedes-Benz.
•Shares of Tata Coffee went up by 7.47% after coffee prices gained further, hitting a 13 month high level. Heavy rains at the time of harvest can hit the coffee crop. Hence, coffee might not turn out to be a bumper crop as it was projected for this year.

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NIFTY SPOT: 8219.90 EQUITY RESEARCH LAB

Stock cash tips:-
 Nifty Future      R1: 8250        R2:8275        R3: 8297
 Pivot: 8227       S1: 8202        S2:8180        S3:8155

CHART INTERPRETATION:-
Nifty closed on at 8219.90 On Tuesday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8250 levels. On downside, support is at 8050 levels.
Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK:-
NIFTY FUTURE:  Nifty closed at 8225.10 on Tuesday. After gaining for two consecutive trading sessions, the Indian equity market closed lower on Tuesday. Profit booking combined with negative global cues and a weak rupee dampened the sentiment. Market participants also were cautious ahead of the UK referendum scheduled on Thursday. In addition, investors were also seen concerned about US Federal Reserve Chairperson Janet Yellen's testimony to the US Congress. The testimony can provide further cues towards the next phase of the key lending rate hikes.Today’s decline was led by the power, utilities, banking, pharma and IT stocks. On the other hand, auto, oil and gas, consumer durables and energy stocks were among the major gainers.
INTRADAY STRATIGY: Buy Nifty future above 8250 for the tgt of 8300-8350 sl 8170.

CORPORATE NEWS :-
•Mandhana Industries declined 20% as the company is in the process of demerging its retail business. The company assured that there is no disruption in its normal and ongoing business activities.
•Maruti Suzuki is ramping up production of premium hatchback Baleno to meet current demand and reduce waiting period. The company has over 45,000 outstanding bookings for Baleno and waiting period of 6-8 months depending on the variant.
•Textile stocks surged on news of cabinet meeting to be held on Wednesday to consider the much awaited textile policy. Stocks like Marvin, Nandan Denim, Raymond, Kitex garments, Bombay Dyeing, etc jumped on the news.

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NIFTY SPOT: 8238.50 EQUITY RESERARCH LAB

Stock cash tips:-

Nifty Future                 R1: 830           R2:8362      R3: 8463                                 
Pivot: 8206                 S1: 8151          S2:8050      S3:7995

CHART INTERPRETATION:-

• Nifty closed on at 8238.50 On Monday. Bulls and bears have been indecisive. Recovery may be continuing above 8200 levels else selling pressure may be seen. On upside, Nifty has important resistance at 8250 levels. On downside, support is at 8050 levels.                               
• Mechanical indicator stochastic RSI  also showing consolidated trend.
  

INDEX OUTLOOK:-

• NIFTY FUTURE:  Nifty closed at 8251.90 on Monday. The Indian equity market opened in red following Reserve Bank of India Governor Raghuram Rajan saying no to a second term. Sentiment remained upbeat after the finance ministry expects the country’s GDP growth to climb to 8%, according to reports. Economic affairs secretary Shaktikanta Das expects that the likely passage of Goods and Services Tax (GST) Bill in Parliament would add to the business sentiment. On the economy front, the Goverment has approved 74% FDI in brownfield pharma under automatic route, 100% in scheduled airlines & defence sectors.
• INTRADAY STRATIGY: Buy Nifty future above 8250 for the tgt of 8300-8350 sl 8170.

CORPORATE NEWS:-

• The government has allowed 100% FDI in aviation for scheduled carriers. Also, 100% FDI has been approved in greenfield pharma projects and 74% in brownfield projects. Changes in FDI policy were welcomed by the Aviation and Pharma industry and stocks surged 5-10%.
• Eros International announced a television syndication deal for their new and catalogue films with Zee network. The films comprise a number of catalogue films from Eros International’s vast movie library and also pre-sales for a few forthcoming films. The deal will be a win-win for both the companies as Eros International association with Zee, gives it bigger platform to reach viewers. On the other hand, Zee will get access to Eros’s rich movie library.
• Suzlon has entered into a pact with CLP India for a 100 mw solar project at Veltoor in Telangana. The project will start in May 17 and will be a mix of 80:20 debt equity. CLP India, a subsidiary of Hong Kong based power company CLP, has 49% stake in SE Solar.

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NIFTY SPOT: 8170.20 EQUITY RESEARCH LAB

Stock cash tips:-

Nifty Future             R1: 8213           R2:8252                   R3: 8283
Pivot:8182                S1: 8143            S2:8112                    S3:8073

CHART INTERPRETATION:- 
Nifty spot close at 8170.20 on Friday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950. At lower side nifty support level may be in the range of 7800-7700.

Mechanical indicator stochastic RSI also showing consolidated trend.

INDEX OUTLOOK:-
NIFTY FUTURE:  Nifty closed at 8174.40 on Friday. The Indian equity market closed with modest gains on Friday amid a choppy session. Indices managed to clock in marginal gains tracking positive global cues. The realty, auto, telecom and FMCG stocks were the top gainers followed by metal, finance and IT stocks.On the other hand, healthcare, capital goods and oil & gas stocks were under pressure.
        
INTRADAY STRATIGY: Buy Nifty future above 8200 for the tgt of 8250-8300 sl 8130.

CORPORATE NEWS :-
•Sugar stocks fell after the government imposed a 20% customs duty on raw sugar as well as refined sugar. The move is likely to make sugar exports unviable and keep domestic prices in check.

•The boards of Max Financial and HDFC agreed to evaluate a merger in a bid to become the country’s largest private insurer. The merger will create a firm with a market value of Rs. 50,000 crores, ahead of ICICI Prudential Life Insurance. Shares of Max Financial Services went up by 10.25%.

•Securities and Exchange Board of India (SEBI) is looking at a proposal to make Real Estate Investment Trusts (REITs) more attractive to investors by allowing them to invest a large portion of funds in under-construction assets.

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