Nifty Report Outlook 07 june 2017 -stock cash tips|equity research lab|

STOCK FUTURES TIPS:-
      
NIFTY SPOT :   R1:9693                       R2:9715                       R3:9735
PIVOT : 9676    S1:9648                        S2:9630                       S3:9603

stock future tips

 

   INDEX OUTLOOK      

Nifty is likely to open in a flat note. Momentum indicators like RSI is waving its flag for the bears once again. We are expecting a weak trading session today. Positional traders are advised to average their long around 9575 with a stop loss of 9500.While intraday traders are advised to go for sell on rise strategy for today’s trading session.

Strategy: Short Nifty around 9665 with a stop loss of 9700 for the target of 9600
  

   SECTORIAL INDICES   

    CORPORATE NEWS       

Reliance Communications -Moddy’s revises rating to Ca from Caa1

• Fitch revises rating to RD from CCC

Reliance Communications on ratings downgrade: 

• Will repay Rs 25,000 crore from Aircel
• Brookfield transaction by September 30, 2017 
• Repayment by September 30 will include pre-payment & scheduled payment to lenders 
• Expect to meet all debt obligation & substantially reduce overall debt

Yes Bank 

• Shareholders approve increase in borrowing limit to Rs 70,000 crore from Rs 50,000 crore
• Shareholders approve fundraising up to Rs 20,000 crore via non
• convertible debentures (NCDs)

Adani Enterprises 

• Stake in Adani Green Energy diluted to below 50 percent 
• Adani Green ceases to be a unit of Adani Enterprises

Oil India 

• Makes hydrocarbon discovery in Baghjan, Assam 
• Discovered fields put on regular production 
• Sical Logistics receives letter of acceptance by Mahanadi Coal Fields for extraction, order value Rs 289 crore for 3 years 
• Merak Industries' wholly owned subsidiary company in the name and style of Meera Industries USA LLC, formed in North Carolina State of USA 
• Rattan India Infra says open offer for acquisition of up to 35 crore shares by a number of buyers 
• Rattan India Power says 32 crore warrants held in company by Yantra Energetics Private Limited stand lapsed 
• ONGC may buy out entire government's stake in HPCL: ET 
• Bhushan Steel in focus: Serious Fraud Investigation Office begins probe into 2 Bhushan group companies: ET 
• Government may look at merger of infra lenders IIFCL and IFCI: ET 
• GE Shipping says no significant capex in FY18: BS 
• Vivimed Labs gets zero US FDA observations for API facility at Sant Celoni, Spain 
• Lakshmi Vilas Bank appoints BK Manjunath as part-time chairman of the bank 
• Canara Bank cuts MCLR by 0.05 percent for various maturities-Adani Power board approves slump sale of Mundra Power business to subsidiary Adani Power (Mundra)

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