http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns
Topic :- Time:5.15 PM
ZINC Trading View:
ZINC is trading at 210.70. If it breaks and trade below 210.50 level then expect some further decline in it and if it manages to trade and sustain above 211.20 level then some upmove can be seen in it.
--------------------------------------------------------------------------------------------
Topic :- Nifty Closing Note
Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall:
Benchmark indices fell on Thursday, dragged by banking and financial stocks, ahead of the expiry of derivatives contracts and after the US Federal Reserve raised interest rates while retaining its view for three hikes this year.
The S&P BSE Sensex ended at 33,006, down 130 points while the broader Nifty50 index settled at 10,115, down 41 points.
Among sectoral indices, the Nifty PSU Bank index was trading over 2% lower led by a fall in the shares of State Bank of India and Syndicate Bank. The Nifty Realty index, too, slipped nearly 1% lower due to a fall in shares of Indiabulls Real Estate and Oberoi Realty.
In its first policy meeting under new Fed chief Jerome Powell, the US central bank indicated that inflation should finally move higher after years below its 2% target and that the economy had recently gained momentum.
The Fed also raised the estimated longer-term neutral rate, the level at which monetary policy neither boosts nor slows the economy, a touch, in a sign the current gradual rate hike cycle could go on longer than previously thought.
Globally, the US dollar was on the defensive on Thursday after posting its largest loss in two months when the Fed turned out to be less hawkish than anticipated.
Worries about a potential trade war between China and the United States kept gains in Asian shares in check. MSCIs broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with South Koreas Kospi hitting six-week high, while Japans Nikkei gained 0.2 per cent in early trade.
--------------------------------------------------------------------------------------------
Topic :- Time:3.15 PM
Nifty spot close above 10130 will result in some recovery in coming trading sessions and close below above mentioned level will mean some profit booking in the market.
--------------------------------------------------------------------------------------------
Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 30573. If it manages to trade and sustain above 30605 level then expect some upmove in it and if it breaks and trade below 30540 level then some softness can be seen in it.
--------------------------------------------------------------------------------------------
Topic :- Time:2.00 PM
Midhani IPO subscribed 27% on Day 2
The initial public offering (IPO) of mini-ratna Mishra Dhatu Nigam (Midhani) was subscribed 27 per cent till 11 am on Thursday, the second day of the bidding process.
Investors bid for 1,32,07,800 shares as against the total issue size of 4,87,08,400, NSE data showed.
The IPO, which will close on March 23, consists entirely of an offer for sale (OFS) of 4.87 crore shares (26 per cent stake) by the government. Of the total issue, 3.8 per cent, that is 18,73,400 shares, shall b ..
Retail investors and the employees will be offered a discount of Rs 3 per share.
The price band has been fixed at Rs 87-90 with a face value of Rs 10 each. The minimum lot size has been set at 150.
SBI Capital Markets and IDBI Capital Markets & Securities are the book running lead managers of the issue while Alankit Assignments is the registrar.
Midhani is one of the leading manufacturers of special steels, superalloys and the only manufacturer of titanium alloys in India. Established in 1973, it has an aim to achieve self-reliance in research, development and supply of critical alloys and products of national security and strategic importance.
--------------------------------------------------------------------------------------------
Topic :- Time:2.00 PM
Nifty is still trading on a weaker note. Nifty spot if breaks and trade below 10120 level then expect some further decline in the market and if it manages to trade and sustain above 10150 level only then some upmove can follow.
--------------------------------------------------------------------------------------------
Topic :- Time:1.40 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 4247. If it breaks and trade below 4245 level then expect some quick decline in it and if it manages to trade and sustain above 4260 level then some upmove can be seen in it.
--------------------------------------------------------------------------------------------
Topic :- Time:1.10 PM
Nifty is trading much near to its intraday support now at 10143. If it breaks and trade below 10140 level then expect some further decline in the market and if it manages to trade and sustain above 10155-10160 levels then some upmove can follow in the Nifty.
--------------------------------------------------------------------------------------------
Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 444.45. If it manages to trade and sustain above 445.20 level then expect some quick upmove in it and if it breaks and trade below 444.20 level then some softness can be seen in the Nifty.
--------------------------------------------------------------------------------------------
Topic :- Time:12.20 PM
SC directs RCom to maintain status quo with regards to Rs 25K cr asset sale:
The Supreme Court has directed Reliance Communications (RCom) to maintain status quo with respect to its Rs 25,000 crore assets sale, reports CNBC-TV18. The court will hear on April 5 a plea by State Bank of India (SBI) and RCom with regards to lifting its stay on the assets sale. Earlier too, the Bombay High Court had upheld a National Company Law Tribunal (NCLT) order staying RComs asset sale.
--------------------------------------------------------------------------------------------
Topic :- Time:12.05 PM
Nifty spot is trading at 10146 and is in red zone now after positive start. Nifty spot if breaks and trade below 10140 level then further more decline is expected in the market and if it manages to trade and sustain above 10165 level then some upmove can be seen.
--------------------------------------------------------------------------------------------
Topic :- Time:11.30 AM
News Wrap Up:
1. Indices trade in range, Nifty below 10,200; Pharma cos gain
2. US Fed raises key interest rate by 0.25%, sees two more hikes in 2018
3. Facebook made mistakes in Cambridge Analytica case, admits Zuckerberg
4. Essar Steel set for rebid as lenders reject ArcelorMittal , Numetal offers
5. Sebi may impose trading curbs on cos undergoing insolvency proceedings
6. Farmer suicides decline 21% in 2016, government informs Parliament
7. PNB blames concurrent auditor for not flagging off SWIFT transactions
8. Sun Pharma gains on USFDA nod for psoriasis drug Ilumya
9. HCC falls 15% on reports of subsidiary Lavasa Corp heading for bankruptcy
10. La Opala RG trades ex-bonus today; stock falls 12%
--------------------------------------------------------------------------------------------
Topic :- Time:11.00 AM
After flat opening nifty gained some momentum however its losing its earlier gains now. Nifty spot if breaks and trade below 10160 level then expect further decline in the market and if it manages to trade and sustain above 10180 level then some upmove can be seen.
--------------------------------------------------------------------------------------------
Topic :- Nifty Opening Note
Indian Stock Market Trading View For 22 March,2018:
Nifty to trade volatile and is likely to follow global cues.
Nifty spot if manages to trade and sustain above 10180 level then expect some upmove and if it breaks and trade below 10100 level then expect some profit booking in the share market. Please note this is just opening view and should not be considered as the view for the whole day.