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Topic :- Time:6.00 PM
SILVER Trading View:
SILVER is trading at 39620.It will find its immediate resistance to upmove at 39840. If it holds below above mentioned level then it is likely to show some good fall and is expected to test 39340 level. Sell on every rise till it holds below 39840 is recommended in it.
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Topic :- Time:5.30 PM
RBI annual report: 99% of demonetised currency back into the system:
The Reserve Bank of India on Wednesday revealed in its annual report that Rs 15.28 lakh crore worth of the Rs 15.44-lakh-crore scrapped currency notes, or 99 per cent, had come back into the system after the governments demonetisation decision.
What came as a surprise to many, given that the government had claimed a windfall from demonetisation, the RBI report said that about 89 million units of the demonetised Rs 1,000 notes, worth Rs 8,900 crore, had not come back into the system.
The share of the newly introduced Rs 2,000 notes in the total value of banknotes in circulation as at March-end was a little more than 50 per cent, the RBI annual report added.
Mentioning that the central bank spent Rs 7,965 crore on printing new currency notes in 2016-17, it said the overall currency in circulation into the system had come down by 20.2 per cent on a year-on-year basis as at the end of March.
In the biggest-ever demonetisation exercise India had seen, Prime Minister Narendra Modi on 8 November 2016 announced high-value currency notes of Rs 500 and Rs 1,000 would cease to be public tender. The move, to stem the circulation of black money and fake currency, and to choke terror funding and corruption, was to take effect within hours of the announcement.
The next few days saw serpentine queues at bank branches to deposit and exchange the demonetised banknotes. With people facing inconvenience, the governments decision to ban old currency notes and handling of the whole process came under scrutiny. Reserve Bank of India (RBI) Governor Urjit Patel appeared before a probing parliamentary panel several times, but the total number of demonetised currency notes deposited in banks remained elusive for long. It was only in the Reserve
While there were several estimates and statements, the official numbers were not revealed until the RBI released its annual report on August 30.
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Topic :- Time:5.00 PM
NATURAL GAS Trading View:
NATURALGAS is trading at 198.60. If it breaks and trade below 198.40 level then some profit booking can be seen in it and if it manages to trade and sustain above 190.60 level then some upmove can be seen.
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Topic :- Stock Market Closing Note
The Sensex and Nifty rose nearly 1% on Wednesday, recouping most of the losses in the previous session, ahead of derivatives expiry of August series due tomorrow
Across the board buying in metal, oil & gas, energy, realty, industrials, financials, auto, capital goods, consumer durables and banks helped indices to recover most of previous days losses.
Financial stocks accounted for more than a third of gains on the NSE index, with Nifty finance index gaining 1%. Nifty Metal index also advanced over 2%, adding to the gains.
Sentiment was also supported by a recovery in broader Asia as concerns stemming from North Koreas firing of a missile over Japan receded, with MSCIs broadest index of Asia-Pacific shares outside Japan rising 0.5%.
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Topic :- Time:3.10 PM
Nifty spot if manages to close above 9900 level then expect some quick upmove in coming trading sessions and close below above mentioned level will result in some sluggish movement. Avoid open positions for tomorrow.
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Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 29524.If it manages to trade and sustain above 29550 level then expect some quick upmove and if it breaks and trade below 29500 level then some profit booking can follow in it.
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Topic :- Time:2.15 PM
Nifty is still trading flat and dull. Avoid big trades and trade with stoploss.
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Topic :- Time:1.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 2966. If it breaks and tradebelow 2960 level then expect some fall in it and if it manages to trade and sustain above 2980 level then some upmove can be seen in it.
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Topic :- Time:1.00 PM
Nifty spot is trading at 9892. If it manages to trade and sustain above 9920 level then expect some upmove and if it breaks and trade below 9880 level then some softness can be seen in the market.
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Topic :- Time:12.00 PM
Nifty spot if manages to trade and sustain above 9900 level then expect some quick upmove in the market and if it breaks and trade below 9875 level then some profit booking can be seen.
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Topic :- Time:11.30 AM
News Headlines - 30.08.2017
Economic Times
Business Standard
# HCL Infosystems to raise Rs 500 cr via rights issue
# USFDA hikes fee for processing new drug application by $100,000 for FY18
# Nilekani will bring back Infosys past glory, Murthy tells investors
# Tata Motors mulls electric variant of Nano cars
# MRF Tyres plans to invest around Rs 1000 crore a year till 2020-21
# I-T department slaps Rs 7,900-cr penalty on Vodafone over tax dues
# Jute industry fears Rs 200-cr loss on new pricing formula
# Reserve Bank cracks whip on 50 more loan defaulters
# Rs 92k-cr GST collections in July above target: FM
# UN Council unanimously condemns N.Korea missile test
# AirAsia shares down after profit drop, fleet expansion plans
# China launches anti-dumping probe into some rubber imports from E.U., U.S. and Singapore
# Hyundai Motors shares slump after production suspended in China
# Gold inches lower on dollar rebound as North Korea concerns ease
# Japan retail sales slow in July, still top expectations
# Growth in digital services makes India a very attractive market: Cognizant
# BSNL plans to set up 1 lakh wi-fi spots by March 2019
# IOC to invest Rs 32,000 cr to ramp up petrochemicals capacity by FY21
# TVS Logistics eyes $1-billion revenue in 3 years
# GST a unique reform that changed tax procedure overnight, says PM Modi
# Room rent in hospitals to attract no GST
# India-focused funds net inflows at $5.3 bn in first seven months of 2017
# Reliance Capital to be excluded from 11 BSE S&P indices
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Topic :- Time:11.00 AM
After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 9885 level then expect some upmove and if it breaks and trade below 9840 level then some profit booking can be seen in the market.
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 30 Aug,2017:
Geopolitical tension along with flood problem to add woes however strong pull back is expected in the market very shortly.
Nifty spot if manages to trade and sustain above 9820 level then expect some upmove and if it breaks and trade below 9760 level then expect some profit booking in the market. Please note this is just opening view and should not be considered as the view for the whole day.