NIFTY FUTURE : R1:8820 R2:8860 R3:8864
PIVOT :87991 S1:8720 S2:8675 S3:8660
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| stock future tips |
The Nifty remained volatile post a gap up opening. However, 8720 acted
as a support for the day from where the index managed to end positive.
Nifty futures settled at a premium of 19 points. India VIX fell 0.9% to
13.2 • FIIs turned buyers in the last session as they bought | 357 crore
in equities while DIIs sold | 379 crore. FIIs bought | 600 crore in
index futures and also bought | 1373 crore in index options. In stock
futures, they sold | 165 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 8800 and 9000 Call strikes saw additions
of 6.1 and 0.7 lakh shares, respectively, while 8800 and 8700 Put
strikes saw additions of 6.9 and 2.4 lakh shares, respectively
INDEX OUTLOOK
The Nifty is likely to open flat to positive on the back of strong global cues. Buy Nifty in the range of 8770-8780 for targets of 8830-8850, stop loss: 8750 • Nifty Bank Future: The banking index remained under pressure. Profit booking was experienced post monetary policies as long liquidation was seen in the futures space. However, options data indicates strong support for the banking index is placed near 20100. Buy Nifty.
The Nifty is likely to open flat to positive on the back of strong global cues. Buy Nifty in the range of 8770-8780 for targets of 8830-8850, stop loss: 8750 • Nifty Bank Future: The banking index remained under pressure. Profit booking was experienced post monetary policies as long liquidation was seen in the futures space. However, options data indicates strong support for the banking index is placed near 20100. Buy Nifty.
SECTORIAL INDICES
CORPORATE NEWS
- Bank of India reported a Net Profit of Rs. 101.7 Cr in Q3 against a loss of Rs. 1,505.6 Cr in the corresponding quarter last fiscal. NII went up by 5.7% to Rs. 2,862.6 Cr against Rs. 2,708 Cr in the corresponding period last year. Asset Quality improved, as Net NPAs reduced to 7.09% against 7.56% in the last quarter, and Gross NPAs stood at 13.38% against 13.45% previously. Shares closed up 2.9%.
- Lupin reported a 20.7% rise in Net Profit to Rs. 633.1 Cr in Q3, against Rs. 524.6 Cr in the corresponding quarter last fiscal. Total Income stood at Rs. 4,482.9 Cr against Rs. 3,547.7 Cr previously, up by 26.4% from the corresponding quarter last year.
- Escorts reported an 11.2% rise in Net Profit to.
- Rs. 22.7 Cr in Q3 against Rs. 20.4 Cr in the corresponding quarter last year. Total Income from Operations increased by 22.6% to Rs. 1,092.9 Cr against Rs. 891.3 Cr in the corresponding quarter last fiscal.
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