|stock futures tips|Equity Research Lab :- Nifty Report 1 september

STOCK FUTURES TIPS:-

NIFTY FUTURE :       R1:8870                  R2:8904                         R3:8944
PIVOT :8829             S1:8795                   S2:8755                          S3:8721

stock future tips

  CHART INTERPRETATION    

• The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. And Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong break below 8600 will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break below 8600.On the other hand, a decisive break above 8820 will ease the downside pressure and take the index futures higher to 8900 and 8950 there after.
• Mechanical indicator stochastic RSI also showing consolidated trend.

   INDEX OUTLOOK     

NIFTY FUTURE: Nifty touched psychological 8800-mark intraday for the first time since April 15,
2015 but it failed to hold the same level and closed 41.85 points higher to 8786.20. equity markets closed higher on account of buying in frontline blue chip counters on Wednesday ahead of the release of economic growth data later in the day. Market continued its positive momentum and reached the high P/E valuation of 17x (one year forward) which is similar to the rally of FY15. This is in expectation of a likely revival in earnings on account of improving domestic fundamentals The BSE Midcap traded in line with benchmarks, rising 0.4 percent.

STRATEGY: Buy Nifty Future above 8850 for the target of 8900 -8950 with the stop loss of 8770.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Zee Entertainment announced the sale of its loss making sports arm to Sony Pictures for Rs. 2,600 Cr approximately. The sports business made a net loss of 37.2 Cr in FY16. The deal consists of acquisition of 10 TEN Sports channels operating in various countries. The deal will push up Zee’s earnings and margins.
• Bharat Petroleum Corporation’s Q1 results showed an 11% rise in net profit Rs. 2,620.5 Cr, as against Rs. 2,360.7 Cr in the corresponding period last fiscal. Revenue declined by 3% to Rs. 57,015.8 Cr in the quarter compared with Rs. 58,818.4 Cr in same period last year. Operational margin expanded by 37 basis points to 6.87% for the quarter.
• The Union Cabinet eased rules for quicker settlements of disputes in the construction sector. In a bid to activate stranded projects, the cabinet has asked government agencies and public bodies to pay 75% of the money in cases of such disputes. The construction sector, which contributes 8% of the country’s GDP, will get a boost as the move will enhance liquidity in the sector. Stocks namely; HCC, Simplex Projects, Gammon India, ARSS Infrastructure, GVK Power & Infra, Punj Lloyd, IVRCL, Simplex Infrastructure were up 5%-20%.

If you want to more information regarding the Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php