NIFTY SPOT : R1:9107 R2:9128 R3:9157
PIVOT :9077 S1:9057 S2:9027 S3:9006
 |
| stock future tips |
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.
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.
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
0 comments:
Post a Comment