Friday 31 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 31 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :      R1:9192                       R2:9211                        R3:9239
PIVOT : 9164        S1:9145                       S2:9117                        S3:9098


stock future tips
stock future tips

  CHART INTERPRETATION    

The major support for the nifty index is placed at 8980 & 8970 region as it is supported by following studies: The high of previous two weeks consolidation is at 8980,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. Among oscillators, the 14 period RSI is rebounding after taking support at its bull market support zone of 50-55 readings and supports
continuance of pullback efforts in the coming sessions.


   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat on the back of mixed global cues. Its important to sustain above 9175 to move upwards. Sell Nifty near 9175 for targets of 9130-9100, stop loss: 9210 Nifty Bank Future: As the rollover cost was low, the April series witnessed long rollover with decent activity in options. As the index has managed to end above 21500, the ongoing trend is likely to continue. Buy Nifty Bank in the range of 21400-21440, targets: 21550-21650, stop loss: 21340

   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Share price of Thermax ended higher by 6.6% as the company, through its step-down subsidiary in Denmark, has agreed to acquire 100% stake of Barite Investments. As per the agreement with Weiss Sp in Poland, Thermax will acquire production activities related to boiler manufacturing & certain other assets.
  • Dilip Buildcon closed up 3.4% after the company received a letter of award from the National Highways Authority of India for three projects in the state of Maharashtra. The three projects are valued at Rs. 3,269cr.
  • Alkem Laboratories closed up 1.5% after the company received an establishment inspection report from the US health regulator on closure of its inspection at the company’s API facility at Ankaleshwar in Gujarat.
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Thursday 30 March 2017

Opening Bell - Nifty opens flat; Auto stocks trade with mixed sentiments; IndusInd Bank top Nifty gainer

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STOCK FUTURES TIPS:- 


stock future tips
stock future tips

the BSE Sensex opened higher by 7 points at 29538, while the Nifty50 opened absolute flat at the 9143 mark.
 

  • IndusInd Bank is the top Nifty gainer and Axis Bank is the top Nifty loser. IndusInd Bank is trading higher by 0.8% at Rs 1410 per share and Axis Bank is trading lower by 1.46% at Rs 496 per share.
  • The Automobile stocks are trading with mixed sentiments. Tata Motors is trading down by 0.8% at Rs 465.3 per share. Hero Moto Corp is trading up by 0.6% at Rs 3244 per share.
  • There are 839 advances, 518 declines and 423 unchanged stocks on NSE reflecting strong positive bias floating in the market.
  • If Nifty manages to cross the hurdle of 9,175, it has the potential to extend its up move up to the level of 9,220. On the downside, immediate support stands at 9,125-9,135 and breach of this support zone may open gates for correction up to the level of 9,070.
  • The Rupee opens higher at 64.87 per US dollar against Wednesday's close of 64.90.
  • The US stocks ended Wednesday’s session mostly higher, with Nasdaq Composite registering its fourth consecutive daily gain. The S&P 500 ended the session in the green. However, bucking the trend, Dow Jones Industrial Average closed with modest losses of 42 points at 20,659.
  • Asian markets are trading subdued on Thursday. Japan’s Nikkei 225 shed 48 points, Hang Seng is trading lower by 82 points and Shanghai Composite is trading with losses of 15 points.
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Wednesday 29 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 29 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :             R1:9133                R2:9147                     R3:9171
PIVOT : 9109               S1:9095                S2:9071                      S3:9056


stock future tips
stock future tips

  CHART INTERPRETATION    

The major support for the nifty index is placed at 8980 & 8970 region as it is supported by following studies: The high of previous two weeks consolidation is at 8980,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. Among oscillators, the shortterm stochastic is rebounding after approaching close to the oversold threshold and supports continuance of pullback efforts in the coming sessions.
   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. Its important to sustain above 9130 to move upwards. Buy Nifty near 9100 for targets of 9130-9160, stop loss: 9070
Nifty Bank Future: Bank Nifty opened positive and traded consilidated for whole day. Bank nifty needs to sustain above 20100 for further up move. Major support for market is placed near 20750, below which lower levels of 20500 can be seen. Buy Nifty Bank near 21200, targets: 21350, stop loss: 20050
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Larsen and Toubro’s construction arm secured a key design-and-build order worth Rs. 2,903cr to re-develop Mumbai’s century-old BDD chawls at Worli, for Maharashtra Housing and Area Development Authority (MHADA).
  • Dishman Pharma closed up 20% after the company received the United States Food and Drug Administration (US FDA) approval for its cancer drug ‘Zejula Capsules’ for Tesaro Inc.
  • Share price of Technofab Engineering ended higher by 4.4% on news that the company has bagged three orders from Power Grid Corporation for Rs 255cr, in the state of Tripura. It has also received one order from the Ministry of Agriculture and Animal Resources, Kigali for construction contract related to establishment of Centre of Excellence in Farm Mechanisation for $12.3mn. The order has a timeline of one year for completion.
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

Tuesday 28 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 28 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :            R1:9085                    R2:9125                     R3:9155
PIVOT : 9054              S1:9014                    S2:8984                     S3:8944


stock future tips
stock future tips

  CHART INTERPRETATION   
The major support for the nifty index is placed at 8980&8970 region as it is supported by following studies: The high of previous two weeks consolidation is at 8980,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. Among oscillators, the shortterm stochastic is rebounding after approaching close to the oversold threshold and supports continuance of pullback efforts in the coming sessions.
   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. Its important to sustain above 9010 to move upwards. Buy Nifty near 9020 for targets of 9070-9090, stop loss: 8980
Nifty Bank Future: Bank Nifty opened flat and traded negative for whole day. Bank nifty needs to sustain above 20900 for further up move. Major support for market is placed near 20750, below which lower levels of 20500 can be seen. Buy Nifty Bank above 21100, targets: 21300, stop loss: 20880
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • The aviation stocks surged on news that after Delhi and Goa, another twenty states are likely to cut aviation turbine fuel (ATF) tax to 1%. The states have signed a memorandum with the Aviation Ministry for the same. Spicejet was a top gainer, up 7.2%, while Jet Airways & InterGlobe Aviation ended higher by 2.1% & 2.7% respectively.
  • In a setback to Aurobindo Pharma, the European drug regulator has recommended suspension of its 100 drugs, or their marketing applications, on which bio equivalence studies have been found to be unreliable. The stock ended lower by 2.2%.
  • GVK Power & Infra ended higher by 3.3% after the company informed the stock exchanges that it has divested 33% stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments and Fairfax India Holdings Corporation for Rs 22bn to bring down its debt level.
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Monday 27 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 27 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :         R1:9131                   R2:9154                           R3:9175
PIVOT : 9110           S1:9087                   S2:9066                            S3:9042


stock future tips
stock future tips

  CHART INTERPRETATION   
The major support for the nifty index is placed at 8980&8970 region as it is supported by following studies: The high of previous two weeks consolidation is at 8980,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. Among oscillators, the shortterm stochastic is rebounding after approaching close to the oversold threshold and supports continuance of pullback efforts in the coming sessions.
   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to positive on the back of positive global cues. Its important to sustain above 9100 to move upwards. Buy Nifty above 9130 for targets of 9170-9200, stop loss: 8990
Nifty Bank Future: Bank Nifty was able to witness some higher above 21100 ahead of the March expiry. Bank nifty needs to sustain above 21100 for further up move. Major support for market is placed near 20750, below which lower levels of 20500 can be seen. Buy Nifty Bank in the range above 21175, targets: 21300, stop loss: 20920.
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • PNC Infratech emerged as the lowest bidder for NHAI's two highway projects worth Rs 4,130 cr in Utter Pradesh and Madhya Pradesh. The company has been declared the lowest bidder for the two hybrid annuity highway projects of NHAI for an aggregate bid project cost of Rs 2,720 cr. Also, the other project pertains to four-laning of 75 km Jhansi-Khajuraho section of NH 75/76 under NHDP III for Rs 1,410 cr.
  • Majesco has been selected by New Jersey-based insurance company for its multi-year modernisation program. As a part of agreement, the insurer will leverage Majesco's enterprise consulting services and the business transformation framework, application development & management services and the technical reference architecture, and testing services with the automation test framework and testing repository for underwriting and policy platform.
  • Plastic products manufacturer Sintex Industries received an approval from NCLT for demerger of custom moulding and prefab businesses. Upon demerger, shareholders of Sintex Industries will get one equity share from Sintex Plastics Technology for one share held in company. New equity shares to be issued by Sinted Plastics Technology post demerger, will be listed on exchanges.
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Saturday 25 March 2017

Capital Goods Newsletter- March 20 to 24, 2017

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STOCK FUTURES TIPS:- 

stock future tips
stock future tips

This week, “Reliance Infrastructure proposed demerger is being postponed to April 1, 2017. Bombay High court is hearing the scheme of demerger.NCC Ltd receives ratings from ICRA
  • On March 23, 2017 the credit rating agency, ICRA has provided following ratings to NCC Ltd.,
    • The ratings assigned reflects the strong order book position of NCC with pending order book position of Rs. 20,466 crore as on December 31, 2016 (2.46 times of the OI in FY2016) which provides revenue visibility over the medium term.

    Emami partners with Sheth Corp to develop luxury homes
    • Emami Group has partnered with Sheth Corp, and plans to invest Rs 350 crore to develop a luxury residential project named ‘Montana’ in Mulund, Mumbai.

    Reliance Infrastructure demerger plan delayed


    • Reliance Infrastructure proposed demerger is being postponed to April 1, 2017. Bombay High court is hearing the scheme of demerger. 
     
  • States to lock horns to grab a bounty of 10,000 crores for road projects 

    • The government is all set to roll out Smart City like grand challenge scheme for the states to compete with each other to fetch Rs 10,000 crore every year as a grant for their various road projects, informed a senior official.
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Friday 24 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 24 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :               R1:9107                R2:9128                    R3:9157
PIVOT :9077                  S1:9057                S2:9027                    S3:9006


stock future tips
stock future tips
  CHART INTERPRETATION   
The immediate support for the index upwards to 8970 region as it is the confluence of following: The upper band of previous two weeks consolidation is at 8970,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward.
Among oscillators, the short-term 14 period RSI is also negative poised.
   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. Its important to sustain above 9010 to move upwards. Buy Nifty near 9120-9130 for targets of 9080, stop loss: 9150
Nifty Bank Future: The index breaks the falling streak on Thursday. It took support at pivot level of 20800.With 11 out of 12 Bank Nifty components ended positive but profit booking may continue at higher levels until banknifty give closing above 20900 which is support by trendline resistance. Hence, in the short-term one can look at going short at higher levels. Sell Nifty Bank in the range of 20900-20920, targets: 20760, stop loss: 21000.
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • The National Highways Authority of India (NHAI) declared Dilip Buildcon Ltd as the successful bidder for three projects in the state of Maharashtra. The 3 projects are worth Rs. 3,269 Cr. The company has signed an MOU with Shrem Infraventure who will invest 49% of the equity share capital in the SPV to be incorporated for the said project and the company will hold the remaining 51% stake in the said SPV. On completion of two years from the commercial operation date of the project, Shrem Infra will acquire 100% stake of the SPV.
  • Sunil Hitech Engineers Ltd has bagged a road project worth Rs 982 cr in Maharashtra on a hybrid annuity mode from the National Highways Authority of India (NHAI). This new order in the State of Maharashtra is the first hybrid annuity project for the company. The project involves construction and widening of the existing 2-lane Bodhre to Dhule road section of NH-211 to four/six lane configuration. Stock was up 6.7%.
  • Cairn India closed up 2.4%, as the Cabinet approved a policy for granting extension to licenses of oil and gas fields on payment of an additional 10% profit share. The policy covers blocks like Rajasthan oilfields of Cairn India, which were awarded prior to advent of New Exploration Licensing Policy (NELP) in 1999.
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Thursday 23 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 23 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :         R1:9062                        R2:9094                          R3:9116
PIVOT :9040            S1:9008                        S2:8987                          S3:8955


stock future tips
stock future tips
  CHART INTERPRETATION   
The immediate support for the index upwards to 8970 region as it is the confluence of following: The upper band of previous two weeks consolidation is at 8970,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. 
Among oscillators, the short-term 14 period RSI is also negative poised.
   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to negative on the back of week global cues. Its important to sustain above 9010 to move upwards. Buy Nifty near 9000 for targets of 9050, stop loss: 8950
Nifty Bank Future: The index continued to fall on wenesday as well. It broke important support of 20875 which is also supported buy trendline.. With 11 out of 12 Bank Nifty components ending negative, profit booking may continue at higher levels. Hence, in the short-term one can look at going short at higher levels. Sell Nifty Bank in the range of 20850-20900, targets: 20450-20150, stop loss: 20900

   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Wockhardt Ltd traded higher as the company announced that it has received USFDA’s nod for piperacillin and tazobactam.
  • Puravankara jumped over 3% after the company informed that its board has passed an enabling resolution to exit Rs 403 cr investment in Raidurg, Panamaktha Village. The exit would involve the sale of its entire shareholding in the company’s three wholly owned subsidiaries.
  • State-run Housing and Urban Development Corp. Ltd (Hudco) has received SEBI approval to raise funds through an initial share sale as part of the government’s disinvestment drive. The initial public offer will comprise sale of 20 cr equity shares (10% stake) by the central government through an offer for sale (OFS) route, as per the DRHP.
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Wednesday 22 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 22 march 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :            R1:9150                 R2:9179                              R3:9210
PIVOT :9119               S1:9089                 S2:9058                               S3:9029


STOCK FUTURE TIPS
STOCK FUTURE TIPS
  CHART INTERPRETATION   
We have now revised the immediate support threshold for the index upwards to 8970 region as it is the confluence of following: The upper band of previous two weeks consolidation is at 8970,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward.
Among oscillators, the short-term 14 period RSI are hovering in overbought territory with readings of 71.

   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to negative on the back of week global cues. Its important to sustain above 9130 to move upwards. Sell Nifty below 9100 for targets of 9050, stop loss: 9140
Nifty Bank Future: The index continued to trade below 21300 but is now facing some support near the 21040 zone. With 8 out of 12 Bank Nifty components ending negative, profit booking may continue at higher levels. Hence, in the short-term one can look at going short at higher levels. Sell Nifty Bank in the range of 20970- 20960, targets: 20880-20800, stop loss: 21050

   SECTORIAL INDICES   


    CORPORATE NEWS      
  • The USFDA has issued an import alert for Divi’s Laboratories Visakhapatnam unit-II. The company’s Visakhapatnam unit contributes 60-65% to total sales and 20-21% to US sales. Stock was down 20%.
  • Dr. Reddy's Laboratories witnessed selling pressure as its Duvvada facility received 13 USFDA observations. The latest observations are a setback for the company as it dims hopes of new approvals for the US market in the next year.
  • Jubilant Life Sciences has announced that its subsidiary Jubilant Pharma will negotiate a potential acquisition of a specialty business in the US through internal accruals.
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

Tuesday 21 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 21 march 2017

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STOCK FUTURES TIPS:-

NIFTY SPOT :                   R1:9157                 R2:9188                           R3:9208
PIVOT :9136                     S1:9106                  S2:9085                           S3:9054


stock future tips
stock future tips
  CHART INTERPRETATION   
We have now revised the immediate support threshold for the index upwards to 8970 region as it is the confluence of following: The upper band of previous two weeks consolidation is at 8970,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward.
Among oscillators, the short-term stochastic oscillator as well as the 14 period RSI are hovering in overbought territory with readings of 88 and 77, respectively.

   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. Sell Nifty in the range of 9160 for targets of 9120-9110, stop loss: 9200 Nifty Bank Future: The index continued to fall on monday and witnessed a round of short covering, helping it end near 21100. Sell Nifty Bank in the range of 21180-21220, targets: 21020, stop loss: 21300
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Idea Cellular’s board approved the merger of Vodafone India and its subsidiary Vodafone Mobile Services with itself in a bid to create the country's largest telecom entity. The combined entity will have roughly Rs. 80,000 Cr of annual revenues, 400 million customers and a 41% market share in terms of revenues. Vodafone will hold 45% in the combined entity, Idea promoters will hold 26%, and the rest will be held by the public.
  • Glenmark Pharmaceuticals announced that they received tentative approval from the United States Food and Drug Administration (USFDA) for Fingolimod capsules. The drug is used for relapsing forms of multiple sclerosis.
  • Andhra Bank announced capital allocation from the government as a part of turnaround linked infusion plan. The indicative capital allocation is Rs. 1,100 Cr. Similarly, Dena Bank will also receive capital allocation worth Rs. 600 Cr. Andhra Bank’s stock closed up 2.5% whereas Dena Bank closed up 5%.
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

Monday 20 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 20 march 2017

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STOCK FUTURES TIPS:-

NIFTY FUTURE :        R1:9201                  R2:9230                              R3:9248
PIVOT :9183               S1:9153                   S2:9135                              S3:9106

stock future tips
stock future tips
  CHART INTERPRETATION   
We have now revised the immediate support threshold for the index upwards to 8970 region as it is the confluence of following: The upper band of previous two weeks consolidation is at 8970,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward.
Among oscillators, the short-term stochastic oscillator as well as the 14 period RSI are hovering in overbought territory with readings of 88 and 77, respectively.

   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat to negative on the back of mixed global cues. Sell Nifty in the range of 9200-9210 for targets of 9170-9140, stop loss: 9240 Nifty Bank Future: The index failed to continued its positive streak after a gap up opening and witnessed a round of short covering, helping it end below 21300. Buy Nifty Bank in the range of 21170-21220, targets: 21330-21450, stop loss: 21110
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • The Goods and Services Tax (GST) Council cleared a proposal to cap the cess on tobacco and cigarettes. The cap would be 290% or Rs. 4,170 per 1,000 cigarette sticks, or a combination of the two. Stocks of ITC, VST Industries and Godfrey Phillips closed up 1.5-7.5%.
  • A parliamentary panel - Committee on Petitions, suggested the merger of state-run telecom firms BSNL and MTNL for their long-term survival. MTNL stock price closed up 2.9%.
  • United Bank of India announced that it will receive capital allocation of Rs. 418 Cr from the Government of India, as a part of turnaround linked capital infusion plan. The bank’s stock closed up by 7%.
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Saturday 18 March 2017

JPMorgan to raise bonds for Agarwal for funding 13% acquisition of Anglo American

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STOCK FUTURES TIPS:- 




  • Volcan Investments, a London-based billionaire, Anil Agarwal's holding company, for funding its planned acquisition of about 13% in commodities giant, Anglo American, one of the world's largest mining company, has launched a $2.4 billion mandatory convertible bond issue on Thursday.
  • JPMorgan Chase & Co., will be raising the resources on behalf of the Agarwal family's office and is the sole book runner and underwriter to the transactions.
  • In 2020 the bonds will be exchanged for cash or for Anglo American's stocks. By the next week the fund raising is expected to be completed.
  • Annual coupon of about 3.75%-4.2% is being offered by the three-year instrument; and Volcan, as a security to the transaction, will pledge Anglo American's stocks that it accumulates.
  • In addition, Vedanta Resources, Anil Agarwal's flagship London-listed firm, for providing additional security to bond buyers, will pledge nearly one third of the promoters' holdings.
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    

Friday 17 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 17 march 2017

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STOCK FUTURES TIPS:-

NIFTY FUTURE :                R1:9165                          R2:9176                       R3:9195
PIVOT :9146                        S1:9147                          S2:9117                        S3:9105

stock future tips
stock future tips
  CHART INTERPRETATION   
We have now revised the immediate support threshold for the index upwards to 8860 region as it is the confluence of following: The base of previous two week’s sideways consolidation is placed at 8860.Lower boundary of the short term rising channel in place since February 2017 is also placed around 8900 region. Among oscillators, the 14 period RSI is at the cusp of breaking out above the upper band of its narrow consolidation band of 55 to 75 readings. A resolute move above 75 will infuse further upward momentum going forward

   INDEX OUTLOOK     

Nifty Future: The Nifty is likely to open flat on the back of mixed global cues. Buy Nifty in the range of 9155- 9165 for targets of 9215-9235, stop loss: 9135 Nifty Bank Future: The index continued its positive streak and witnessed a round of short covering, helping it end marginally above 21300. Midcap banking stocks along with PSU banks continued to shine whereas some selling was seen in Axis and HDFC Bank. We feel the index is likely to test 21500 with another 4- 5% movement in midcap stocks.
Buy Nifty Bank in the range of 21170-21220, targets: 21330-21450, stop loss: 21110.
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Larsen & Toubro announced that its arm Larsen Electrical won a Rs. 500 Cr order from Qatar rail. The scope of the order encompasses the supply, installation, testing, integration, commissioning and five years’ maintenance of network-wide building automation and control systems for 37 stations in Qatar.
  • Ashoka Buildcon’s subsidiary Ashoka Concessions Ltd emerged as the lowest bidder to the NHAI for the sixlaning of Ranastalam to Anandpuram (Vishakhapatnam) section of NH-5 (New NH-16) in Andhra Pradesh under the NHDP Phase-V. The stock closed up by 4.7%.
  • Reliance General Insurance Company Limited announced plans to separate its retail health insurance business from its general insurance business into a separate wholly-owned subsidiary of Reliance Capital. The proposal will be subject to IRDA and other approvals. Reliance Capital closed up by 8.5%.
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

Thursday 16 March 2017

|stock futures tips|Equity Research Lab :- Nifty Report 16 march 2017

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STOCK FUTURES TIPS:-

NIFTY FUTURE :                      R1:9123                      R2:9140                     R3:9151
PIVOT :9112                              S1:9094                      S2:9083                      S3:9065

stock cash tips
stock cash tips
  CHART INTERPRETATION   
We have now revised the immediate support threshold for the index upwards to 8860 region as it is the confluence of following: The base of previous two week’s sideways consolidation is placed at 8860.Lower boundary of the short term rising channel in place since February 2017 is also placed around 8900 region. Among oscillators, the 14 period RSI is at the cusp of breaking out above the upper band of its narrow consolidation band of 55 to 75 readings. A resolute move above 75 will infuse further upward momentum going forward

   INDEX OUTLOOK     

NIFTY FUTURE The Nifty is likely to open flat on the back of mixed global cues. Sell Nifty in the range of 9140- 9150 for targets of 9090-9070, stop loss: 9170 Nifty Bank Future: Highest intraday additions in terms of open interest were seen in the index for the March series. It managed to end at all-time high levels. A sharp appreciation of the rupee against the US$ is likely to provide more steam to banking stocks. We feel the midcap banking space is likely to outperform heavyweights.
STRATEGY: Buy Nifty Bank in the range of 21000-21040, targets: 21150-21250, stop loss: 20930
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Talwalkars Better Value Fitness announced that it signed a memorandum of understanding (MoU) to acquire around 50% stake in Force Fitness India, the holder of master franchisee of ‘Snap Fitness’ gyms.
  • Glenmark Pharmaceuticals received the establishment inspection report (EIR) from the US Food and Drug Administration (USFDA) on successful closure of inspection of its Ankleshwar plant in Gujarat.
  • Government of Maharashtra allotted the balance works of construction of the irrigation scheme in Vidarbha under the Gosikhurd National Project to NBCC (India), for a total value of Rs. 6,000 Cr.
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