Thursday 8 June 2017

Nifty Report Outlook 08 june 2017 -stock cash tips|equity research lab|

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


stock future tips
stock future tips
 
   INDEX OUTLOOK      

Nifty is likely to open in a flat note. Momentum indicators like RSI are 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       

Endurance Technologies 
  • Company planning to expansion of aluminum die casting plant, to expand from 8161 MT to 12,250 MT 
  • Current capacity utilization is 79.5 percent, to invest Rs 9.1 crore, all financing from internal accruals
Petronet LNG 
  • GDF International to exit Petronet LNG, launches block to sell 10 percent stake 
  • To sell Petronet stake at price range of Rs 417-440 per share 
  • To sell 10 percent Petronet stake at around Rs 3,100-3,300 crore 
  • Citi, JPMorgan are bankers to stake sale in Petronet 
  • Sundeep Sikka, ED & CEO, Reliance Nippon Life AMC says 
  • Reliance Capital approves listing of Reliance Nippon Life AMC 
  • Reliance Nippon Life AMC plans to dilute 10 percent stake in the first tranche
Bhushan Steel 
  • Company says have never interacted or have any association with Shirish Chandrakant Shah Alert: Income Tax Dept claims that Shah provided bogus entries for black money 
  • Alert: Income Tax Dept claims Shah benefitted Bhushan Steel, Bhushan Power, Ajmera Group 
  • ICRA downgrades Tata Power to AA- from AA 
  • Amtek Auto board meeting on June 3rd June to consider issue of shares of preferential basis 
  • Cyient announces expanded strategic relationship with United Technologies Corp 
  • SEBI approves Asian Star's acquisition of 5 percent equity shares in Indian Commodity Exchange Limited 
  • Indiabulls Ventures commences consumer finance business, net worth increased to Rs 1,000 crore 
  • Edelweiss issues its maiden unsecured perpetual bond aggregating to Rs 300 crore 
  • Healthcare Global launches 125 bed cancer centre in Nagpur, Maharashtra 
  • Biocon fixed June 17 as record date for bonus equity shares -Zensar sets up R&D centre in Pune campus, plans one in US: ET 
  • SAIL, RINL clash over forged wheels for railway: FE
  • Kotak Mahindra Bank to raise Rs 5,000 crore to shore up capital
  • PFC plans foray into transmission and distribution space: FE 
  • Piramal Enterprises to extend funds Rs 1,100 crore to Embassy group: ET 
  • Telecom stocks in focus: TRAI to meet telecom CEO's on June 15 to discuss their financial crisis
  • Gujarat Pipavav Ports put up for sale by APM terminals: ET 
  • M&M Says Mahindra Vehicle Sales now subsidiary of Mahindra Automotive North America
  • Dynamic pricing for petrol & diesel likely to be introduced in 2nd fortnight of June: Sources
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