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SENSEX OFF DAY’S LOW POST RBI POLICY, NIFTY ENDS ABOVE 9250; ITC, SBI FALL

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Indian Indices:  Indian equity benchmarks pared some of their early losses in late afternoon session but continued to trade in negative territory. The markets trimmed losses with the report that Reserve Bank of India (RBI) kept policy interest rates unchanged at 6.25% for a third straight meeting today, shifting focus to ways to mop up excess cash in the banking system that threatens to stoke inflation. It however raised the reverse repo rate from 5.75% to 6%. Some support also came in with the report that services sector in India registered second straight month of growth in March, driven by strong rise in new work orders amid softer inflationary pressures. The Nikkei India Services Purchasing Managers' Index (PMI) rose to 51.5 in March from 50.3 in February. However, traders remained cautions with global credit rating agency Crisil’s report that CPI inflation is likely to average higher at 5 percent in the current fiscal on expectations of increasing pressure on food prices as well as uptick in global oil and commodity rates.

The BSE Sensex is currently closed at 29927.34, down by 46.90 points or 0.16% after trading in a range of 29817.59 and 29949.60. There were 12 stocks advancing against 18 stocks declining on the index.The broader indices were trading mixed; the BSE Mid cap index was up by 0.11%, while Small cap index down by 0.13%.

The CNX Nifty is currently shut down at 9261.95, down by -3.20 points or 0.03% after trading in a range of 9215.40 and 9264.95. There were 31 stocks advancing against 20 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Navkarcorp

208.40

15.07

MCleodrus

179.85

7.44

Jindalstel

132.70

6.76

Adaniports

44.25

5.23

Losers

 

 

Justdial

533.70

-3.89

Deltacorp

184.95

-8.71

Muthootfin

380.95

-3.80

GSFC

121.85

-3.45

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,927.34

-0.16

Nifty

9,261.95

-0.03

Crporate Front: Ministry of communications & information technology has said that Department of Telecommunications (DoT) has been taking various initiatives to address the problem of call drops in mobile networks. The Telecom Service Providers (TSPs) have installed about 2,12,917 additional BTSs (Base Transceiver Stations) across the country during the period from June 2016 to February 2017. “From the feedback it has been observed that the problem of call drops is more severe indoors, said Ministry of communications & information technology in a statement.

 

Macroeconomic front: The Reserve Bank of India (RBI) will focus on draining excess liquidity from the system in the new fiscal year, Governor Urjit Patel said after the monetary policy meeting on Thursday.The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.

 

On the global front: On the global front, European markets were trading in red following indications by the U.S. Federal Reserve that it wants to pare back its balance sheet. Asian markets were trading in red. Back home, in scrip specific development, Force Motors edged higher after the company reported the production, sales and export of the products manufactured during the month of March 2017. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,822 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 1,387 units.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28850.00

0.16

Silver

42273.00

0.04

Crude oil

3324.00

-0.24

Natural Gas

211.70

-0.66

Alluminium

127.30

-0.16

Copper

383.60

-0.66

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Realty up by 2.46%, Energy up by 1.00%, Oil & Gas up by 0.78%, Power up by 0.34% and PSU up by 0.31%, while Consumer Durables down by 0.97%, FMCG down by 0.80%, Healthcare down by 0.66%, Telecom down by 0.55% and Metal down by 0.54% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Reliance Industries up by 2.09%, Bajaj Auto up by 1.30%, IndusInd Bank up by 1.22%, Indian Oil Corp. up by 0.92% and Zee Entertainment up by 0.91%. On the flip side, Hindalco down by 2.57%, ITC down by 1.77%, Coal India down by 1.31%, AurobindoPharma down by 1.30% and Adani Ports & SEZ down by 1.28% were the top losers.

 

Global Signals:

Asian markets were trading mostly in red; Nikkei 225 decreased 264.21 points or 1.4% to 18,597.06, Hang Seng decreased 127.08 points or 0.52% to 24,273.72, Taiwan Weighted decreased 51.68 points or 0.52% to 9,897.80, KOSPI Index decreased 8.1 points or 0.37% to 2,152.75 and FTSE Bursa Malaysia KLCI decreased 5.11 points or 0.29% to 1,739.56. On the flip side, Jakarta Composite increased 3.26 points or 0.06% to 5,680.24 and Shanghai Composite increased 10.7 points or 0.33% to 3,281.01.All European markets were in red; Germany’s DAX decreased 50.26 points or 0.41% to 12,167.28, UK’s FTSE 100 decreased 40.92 points or 0.56% to 7,290.76 and France’s CAC decreased 9.25 points or 0.18% to 5,082.60.

 

 

US indices flattered to deceive, giving up over 180 point rise to close in the red.

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Indian Indices: Asian indices opened weak after overnight Dow Jones reversed early gains to close in the red. The fall in bond yields coupled with delay in implementation of reforms promised by the Trump administration is seeing sell on rallies emerge in US indices.


Nifty continued its upward journey with overbought indices now continuing their winning streaks. The flow of money from both foreign and domestic investors is keeping the bulls in fine fettle as new highs see new money chase absolute returns. With RBI monetary policy due today consensus has built up no change in policy rates, which could see profit booking after the event.


The BSE Sensex is currently trading at 29859.37, down by 114.87 points or 0.38% after trading in a range of 29833.45 and 29948.44. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.23%, while Small cap index was down by 0.37%.

The CNX Nifty is currently trading at 9226.40, down by 38.75 points or 0.42% after trading in a range of 9220.00 and 9245.80. There were 14 stocks advancing against 37 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Navkarcorp

204.00

12.64

Concor

1053.90

4.13

Jindalstel

129.25

3.98

Unitech

6.06

3.59

Group ATopLosers

 

 

Deltacorp

186.90

-7.75

SCI

75.90

-3.68

Bharatfin

768.55

-3.58

Justdial

537.55

-3.20

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29550

29780

Nifty

9150

9220

 

Technical view: Nifty now finds support around 9200 with 9330 acting as resistance while Bank Nifty finds support around 21350 with 21750 acting as resistance.

 

 

SPARC (Buy above 352, for Target of 375.5, Stop Loss at 339):Stock has been trading in a tight range of Rs 340 and Rs 300 since first week of Dec 2016. Multiple attempts to close above Rs 340 went futile earlier. In yesterday's trade stock broke out of the range successfully giving a close above Rs 340, sustaining above all its medium term 100-200 DMA. The breakout has been accompanied with decent volume expansion on daily charts. We advise to Buy SPARC above Rs 352, Stop Loss at Rs 339 and Target of Rs 375.5.

Derivative Snippets

In the last trading session, markets continue to trade higher as the mid-cap stocks shimmered. Nifty and Bank Nifty OTM put option strikes continued to remain under the selling pressure, limiting the downside risk for the indices.


FIIs were net buyers in cash market segment to the tune of Rs 340 Cr.


FII’s index future long/short ratio at 3.6x vs 3.3x.

 

Nifty Movers: The top gainers on Nifty were Bajaj Auto up by 1.44%, Axis Bank up by 0.73%, Reliance Industries up by 0.67%, Indian Oil Corporation up by 0.64% and Bank of Baroda up by 0.52%. On the flip side, Hindalco down by 2.70%, Adani Ports & Special Economic Zone down by 1.73%, ITC down by 1.60%, Tata Steel down by 1.48% and Hindustan Unilever down by 1.47% were the top losers.

 

Top Sectoral& Stock Screening: The top gaining sectoral indices on the BSE were Realty up by 2.46%, Consumer Durables up by 1.87%, Metal up by 1.01%, Telecom up by 0.84% and Basic Materials was up by 0.83%, while IT down by 0.33%, TECK down by 0.17%, FMCG down by 0.15% and Bankex was down by 0.11% were the few losing indices on BSE.

 

 

On the global front: On the global front, Asian shares were trading mostly in red, with risk appetite soured by signs the Fed might start paring its king-sized balance sheet later this year just as the chances of an early US fiscal stimulus faded further. Investors were also wary ahead of a potentially tense meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, the first between the world’s two most powerful leaders

 

Global Signals:The Asian markets were trading mostly in red; Nikkei 225 decreased 289.64 points or 1.54% to 18,571.63, Hang Seng decreased 141.92 points or 0.58% to 24,258.88, Taiwan Weighted decreased 59.19 points or 0.59% to 9,890.29, Jakarta Composite decreased 26.1 points or 0.46% to 5,650.88, KOSPI Index decreased 14.53 points or 0.67% to 2,146.32 and FTSE Bursa Malaysia KLCI decreased 4.74 points or 0.27% to 1,739.93.On the other hand, Shanghai Composite increased 6.5 points or 0.2% to 3,276.80.

 

SENSEX ENDS AT RECORD HIGH, NIFTY ABOVE 9250; RIL, ADANI PORTS GAIN

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Indian Indices: Indian equity benchmarks added some gains in late afternoon session, continued their northward journey on the back of positive opening in the European markets and healthy buying in Realty, Consumer Durables and Telecom stocks. Sentiments remained upbeat with the report that Tax revenue to the central government rose 18% to Rs 17.1 trillion in the year ended 31 March, aided by steady growth in direct taxes and a sharp jump in excise and service tax receipts. 

Some support also came with the report that Federation of Indian Export Organisations (FIEO) expects the merchandise exports from India to witness double-digit growth at around $315 billion and services exports to be about $185 billion in the financial year (FY) 2017-18. Besides, foreign investors pumped in a little over Rs 49,000 crore in the Indian capital markets in 2016-17 after pulling out a hefty sum in the preceding fiscal. However, gains remained limited ahead of the outcome of Reserve Bank of India's policy meet due tomorrow.

The BSE Sensex is currently trading at 29964.45, up by 54.23 points or 0.18% after trading in a range of 29817.69 and 30007.48. There were 17 stocks advancing against 13 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.37%, while Small cap index was up by 1.14%.

The CNX Nifty is currently trading at 9260.85, up by 23.00 points or 0.25% after trading in a range of 9215.40 and 9264.95. There were 31 stocks advancing against 20 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Sobha

399.00

16.24

Unitech

5.85

15.38

DEN

91.50

8.22

VRLLOG

342.60

8.23

Losers

 

 

BajajElec

348.05

-6.63

Deltacorp

202.60

-5.17

HDFC

1490.05

-2.78

GSPL

160.50

-2.67

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,974.24

0.21

Nifty

9,265.15

0.30

Crporate Front: Five countries, including India and Bangladesh, lead the world in solar home lighting systems and the two south Asian nations together account for 97 per cent of the renewable energy market in the region, says an international body report.The other three leading countries are Kenya, Tanzania and Ethiopia -- all in Africa.

 

Macroeconomic front: Tractor maker Sonalika ITL today reported its best ever annual sales at 81,531 units, registering a growth of 19.6 per cent in 2016-17, reported PTI. During the year, the company sold 69,290 units in the domestic market, clocking an increase of 18 per cent from the previous fiscal, Sonalika ITL said in a statement.

 

On the global front:

On the global front, European markets were trading in green as investors eyed on fresh economic data and renewed promises on financial regulation from U.S. President Donald Trump. Asian markets were trading mostly in green. Back home, in scrip specific development, Bharat Forge traded higher with the company planning to raise $500 million in an overseas bond sale. The company will use the money to restructure debt and finance expansion.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28924.00

-0.32

Silver

42437.00

-0.31

Crude oil

3354.00

0.87

Natural Gas

213.70

0.42

Alluminium

127.00

0.91

Copper

380.40

1.00

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Realty up by 4.43%, Consumer Durables up by 2.67%, Telecom up by 1.65%, Industrials up by 1.32% and Capital Goods up by 1.31%, while IT down by 0.86%, TECK down by 0.31% and FMCG down by 0.09% were the losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Maruti Suzuki up by 4.12%, Adani Ports & SEZ up by 4.12%, BhartiInfratel up by 2.72%, Hindalco up by 2.40% and Reliance Industries up by 2.40%. On the flip side, HDFC down by 2.61%, Infosys down by 1.41%, Coal India down by 1.36%, HCL Tech. down by 1.28% and Tech Mahindra down by 1.05% were the top losers.

 

Global Signals:

Asian markets were trading mostly in green; Jakarta Composite increased 1.78 points or 0.03% to 5,653.60, Shanghai Composite increased 47.79 points or 1.48% to 3,270.31, Nikkei 225 increased 51.02 points or 0.27% to 18,861.27, Taiwan Weighted increased 137.96 points or 1.41% to 9,949.48 and Hang Seng increased 139.32 points or 0.57% to 24,400.80. On the flip side, FTSE Bursa Malaysia KLCI decreased 4.89 points or 0.28% to 1,742.30 and KOSPI Index decreased 0.25 points or 0.01% to 2,160.85.

European Markets were trading mostly in green; France’s CAC increased 4.59 points or 0.09% to 5,105.72 and UK’s FTSE 100 increased 25.31 points or 0.35% to 7,347.13. On the flip side, Germany’s DAX decreased 22.53 points or 0.18% to 12,259.81.

 

 

US indices close flat as oil and dollar rally with energy stocks seeing value buying. Going ahead, corporate results to set the trend for April as indices continue to look bottom heavy.

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Indian Indices: Asian markets opened flat to mildly positive as the US indices closed flat after 2 days of intraday volatility. The results season ahead should set the trend for the month of April as markets consolidate. Oil prices rallied along with the US Dollar while bond yields fell further to near 2.35% on the US 10 year treasury paper.


Nifty saw another burst above 9250 on strong foreign flows as old favorites like Reliance and L&T led from the front. With foreign investors buying heavily in March and the markets now @ new highs they will see pressure from corporate results to be announced next week onwards. With most good news being priced in, time to be cautious as any disappointment on results can see healthy correction in Nifty in second half of April.

The BSE Sensex is currently trading at 29867.85, down by 42.37 points or 0.14% after trading in a range of 29817.69 and 30007.48. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.34%, while Small cap index was up by 0.71%.

The CNX Nifty is currently trading at 9231.70, down by 6.15 points or 0.07% after trading in a range of 9215.40 and 9264.95. There were 30 stocks advancing against 21 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Unitech

5.39

6.31

Sobha

364.40

6.16

Intellect

124.55

5.19

Edelweiss

169.35

5.19

Group ATopLosers

 

 

HDFC

1500.75

-2.08

Jetairways

521.75

-1.88

Hathway

35.95

-1.78

Bhartiartl

806.95

-1.39

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29550

29780

Nifty

9150

9220

 

 

Technical view: Nifty now faces resistance around 9330 on the upside with 9218 now acting as strong support. Bank Nifty faces resistance around 21750 while 21250 will act as strong support.

 

 

 

JISLJALEQS (Buy above 99, for Target of 108.5, Stop Loss at 95.5): Jain Irrigation Systems has given a fantastic triangle pattern breakout on daily as well as weekly charts. This comes after the stock consolidated with previous uptrend in place, hence, can be termed as a continuation of the previous trend. Breakout is accompanied by sharp surge in trading volumes. We advise to Buy JISLJALEQS above Rs 99, Stop Loss at Rs 95.5 and Target of Rs 108.5.

Derivative Snippets

In the last trading session, Nifty closed above 9200 for the first time ever. Nifty OTM call option strikes witnessed long build up while OTM put option strikes saw huge short selling. Short build up was seen in Bank Nifty weekly 06APR 21500PE strike, indicating 21500 levels as a new floor for Bank Nifty in this weekly series.

Amidst lowest expectation from the RBI credit policy in recent times, implied volatility of Index options tumbled in the last trading session.

FIIs were net buyers in cash market segment to the tune of Rs 534 cr. FII’s index future long/short ratio at 3.3x. Fresh long position in Index call options to the tune of ~24k contracts were created in the last trading session.

 

 

Nifty Movers: The top gainers on Nifty were BhartiInfratel up by 2.82%,Hindalco up by 2.17%, Adani Ports up by 1.91%, Maruti Suzuki up by 1.61% and Grasim Industries was up by 1.58%. On the flip side, HDFC down by 1.89%, ICICI Bank down by 1.15%, GAIL India down by 1.09%, Asian Paints down by 1.03% and SBI was down by 0.89% were the top losers..

 

Top Sectoral& Stock Screening: The top gaining sectoral indices on the BSE were Realty up by 2.46%, Consumer Durables up by 1.87%, Metal up by 1.01%, Telecom up by 0.84% and Basic Materials was up by 0.83%, while IT down by 0.33%, TECK down by 0.17%, FMCG down by 0.15% and Bankex was down by 0.11% were the few losing indices on BSE.

 

 

 

 

On the global front: On the global front, Asian markets were trading mostly in red at this point of time, as investors move to the sidelines before a potentially tense meeting between Donald Trump and Chinese President Xi Jinping later this week. The US markets closed modestly in green in the last session, though the trade remained lackluster and the major averages spent the day bouncing back and forth across the unchanged line, ahead of some key events later this week.

 

 

Global Signals:Asian markets were trading mostly in red; Hang Seng decreased 45.51 points or 0.19% to 24,215.97, Nikkei 225 slipped 19.45 points or 0.1% to 18,790.80, KOSPI Index shed 7.16 points or 0.33% to 2,153.94, Jakarta Composite dipped 5.44 points or 0.1% to 5,646.38 and FTSE Bursa Malaysia KLCI was down by 5.08 points or 0.29% to 1,742.11.On the flip side, Shanghai Composite increased 34.16 points or 1.06% to 3,256.67 and Taiwan Weighted was up by 87.72 points or 0.89% to 9,899.24.

 



How to be responsible while investing in the market?

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You need to understand the market situation very well when you try to make stock investment in the market. If you try to make any investment in the market without any clear knowledge of the market then you would not be able to make any profit from the market. There are stocks that have shown good profit in the market and you can then try to invest in it but you should always keep in mind that there are always some risks in the market and you cannot avoid the risks. If you try to make your investment in the market and that too without any proper study then you would have to face a huge loss of money.  Making the right and profitable investment in the market is not difficult if you really try your best to make good study or research. There are concepts that make you feel that it is not important but you should know that all concepts are very important in the market. 


If you are able to get the right information of the stocks then it would not be at all difficult for you to make good money. You should take care when you try to go for online stock market because you have to find the right and genuine website because this would only help you to get the correct information of the market. When you get all the updated information of the market you would not have to worry for your investment. This is because you can get all the latest happenings in the market that would help you to make the right income. Getting the right income from the stocks is possible but it might take some time for which you need to have good patience in the market.  To be a successful trader you need to identify the profitable stocks that would help you get the maximum benefit. If you are able to take the right decision yourself then you would not have to worry but you should know that you have to know how NSE, BSE….etc functions in the market. You should also try to know the insights of the market and this would make you more knowledgeable in the market. It is important for you to know how to be responsible while investing in the market?

 

Do not dare to predict

There are some investors who try to predict the stock market because they think that they are able to know what would happen to the market. If you also think the same then it is important to clear this misconception because this would only make you a loser and you would also feel less confident in the market. It is to be noted no matter how much you try to get rod of risks, the risk factor would always be there and you would not be able to get away from it. You also need to assure yourself that you are quite patient and you have the ability to bear the risks in the market while investing in the different stocks. You can also make good income from day trading but for this you have to get the right knowledge on how you are going to invest in it.

 

Make the perfect planning for your investment

You have to make the perfect plan for your stock investment in the market and this can be done by avoiding the decision made by your friends. In other words you need to make sure that you do not take any advice from your friends as they might provide you all the wrong information and you would have to lose your cash in the market. Investing for short term can also help you gain good amount of money but you need to know the risks in it. You would be glad of your own decision when you get the best profit from your stock investment. You should make sure of the stocks that it would bring good profits to you. Thus you should try to understand how to be responsible while investing in the market?

Stocks witness consolidation as oil recovers while US Dollar stays range bound. UK exits EU which sees Pound fall while Japanese Yen weakens further.

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Indian Indices: Asian indices got off to a subdued start as the Japanese Yen weakness saw stocks retreat on opening bell. With US indices also losing some ground, expect consolidation as mid week blues see profit booking. Oil pullback should see energy stocks bounce back as lower than expected inventories see buying come back.


Nifty bounced back strongly led by banks as positive global cues coupled with strong institutional buying pushed the indices higher. Foreign investors buying got another leg up as domestic flows turned positive with new highs on the cards by next week. For today expect expiry related volatility with Banks, Energy and IT stocks seeing buying while Pharma and Infra see profit booking. 


The BSE Sensex is currently trading at 29642.09, up by 110.66 points or 0.37% after trading in a range of 29521.65 and 29645.88. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.56%, while Small cap index was up by 0.89%.

The CNX Nifty is currently trading at 9166.05, up by 22.25 points or 0.24% after trading in a range of 9136.35 and 9169.65. There were 31 stocks advancing against 17 stocks declining on the index, while 3 stocks remained unchanged.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Prestige

217.10

7.34

Unitech

5.72

5.34

Suzlon

19.15

4.93

Adanitrans

65.70

3.71

Group ATopLosers

 

 

Gruh

394.65

-3.27

Mphasis

581.95

-2.55

Wabag

680.40

-0.90

Justdial

547.30

-0.90

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29326

29525

Nifty

9090

9130

 

Technical view: Nifty finds strong support around 9079 while 9170 will act as resistance. Bank Nifty made new highs and now faces resistance around 21500 while 21200 will act as strong support.


 

Castrol (Buy above 425, for Target of 440, Stop Loss at 417.5): The stock after being under pressure in the past week has finally shown signs of revival. Castrol is on the verge of a declining trendline breakout on the daily charts and a close above Rs 425 would confirm the same. Volumes have seen a smart pick up while other momentum oscillators also indicate Castrol is likely to move higher post the breakout.


Derivative Snippets: Markets ended its last trading session with a positive bias, as PSU banks continued to surge higher. Fresh long build up was seen in Bank Nifty future along with the short covering of ITM/ATM call options, indicating of a continuation of this rally up to the resistance zone of 21500 levels. Nifty 9100PE and 9200CE adds fresh open interest indicating of a floor and a ceiling for Nifty in today’s trade.

FIIs were net buyers in cash market segment to the tune of Rs 461 crore.

FII’s index future long/short ratio at 2.5x vs2.7x, with a significant creation of fresh long and shorts positions to the tune of ~40K and ~28K contracts.

Nifty Movers: The top gainers on Nifty were Adani Ports up by 1.64%, SBI up by 1.27%, Indusind Bank up by 1.05%, Hero MotoCorp up by 1.03% and Maruti Suzuki was up by 0.92%. On the flip side, BhartiInfratel down by 1.62%, Axis Bank down by 0.80%, Ambuja Cement down by 0.56%, HCL Tech down by 0.48% and Wipro was down by 0.44% were the top losers.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Realty up by 1.25%, Consumer Durables up by 1.15%, Capital Goods up by 0.78%, Industrials up by 0.74% and Consumer Discretionary Goods & Services was up by 0.65%, while Telecom down by 0.20% was the lone losing index on BSE.

 

 

On the global front: On the global front, all the Asian markets were trading in red at this point of time; the Japanese market too was lower despite the yen weakening and crude holding on to last day’s surge.

The US markets once again showed a lackluster trade and made a mixed closing in last session. Back home, there was broad based buying witnessed in the markets and apart from the blue chips, the broader markets too participated strongly in the rally.

Global Signals:Asian markets were trading in red; Hang Seng decreased 114.29 points or 0.47% to 24,277.76, Nikkei 225 shed 65.01 points or 0.34% to 19,152.47, Shanghai Composite declined 36.32 points or 1.12% to 3,205.00, Jakarta Composite dropped 32.79 points or 0.59% to 5,559.72, Taiwan Weighted slipped 14.47 points or 0.15% to 9,841.78, KOSPI Index dipped 5.7 points or 0.26% to 2,161.28 and FTSE Bursa Malaysia KLCI was down by 2.75 points or 0.16% to 1,747.66.

 1,747.66.1,747.66.

 

Weekly Nifty Trading View for the Week April 03, 2017–April 09, 2017

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Events to watch this week

  • United Kingdom triggers Article 50

  • Trump’s agenda questioned after health care defeat

  • US economic growth revised up slightly

  • South Africa sacks finance minister

  • NAFTA changes may be modest

The Week ahead:

  • The Bank of Japan releases its Tankan report on Monday, 3 April

  • Global manufacturing purchasing managers’ indices are released on Monday, 3 April

  • Euro-area retail sales are reported on Tuesday, 4 April

  • Global service sector PMIs are released on Wednesday, 5 April

  • The US Federal Reserve releases the minutes of its March Federal Open Market Committee meeting on Wednesday, 5 April

  • Trump and Chinese president Xi meet in Palm Beach on Thursday–Friday, 6–7 April

  • The United States releases its March employment report on Friday, 7 April

For the week,Global equities rose this week as did oil prices, while yields on 10-year US Treasury notes held steady at 2.41%. West Texas Intermediate crude advanced to $50 from $47.80 last Friday, while global Brent rallied to $52.70 from $50.60 last week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), held steady near 12.

NIFTY- 9,173.75
CRUDE OIL-Rs 3,286barrel
GOLD-Rs 28,450 gram
Rs/$-Rs 64.85

MARKET ROUND UP 
Key benchmark indices logged modest gains in the week ended Friday, 31 March 2017 as the sentiment was buoyed after the LokSabha cleared four bills related to the Goods and Services Tax (GST), one of the biggest reforms, on 29 March 2017. The overall sentiment in the broader market was upbeat during the week with the BSE Small-Cap and the Mid-Cap indices outperforming the Sensex.

In the week ended Friday, 31 March 2017, the Sensex rose 199.10 or 0.68% to settle at 29,620.50. The Nifty 50 index rose 65.75 points or 0.72% to settle at 9,173.75. The BSE Mid-Cap index rose 247.47 points or 1.79% to settle at 14,096.65. The BSE Small-Cap index gained 356.25 points or 2.53% to settle at 14,433.86. Both these indices outperformed the Sensex.
Trading for first day of the week began on a subdued note as the key benchmark indices settled with modest losses on Monday, 27 March 2017 on negative global stocks. The Sensex lost 187.96 points or 0.64% to settle at 29,233.44, its lowest closing level since 22 March 2017. 

Macro Economic Front: 
On the Economic Front,the LokSabha cleared four bills related to the Goods and Services Tax (GST) on 29 March 2017, setting the stage for 28 states, along with Delhi and Puducherry, to enact state laws over the next three months to roll out the new tax regime from July 2017.

The four bills Integrated GST, Central GST, Union Territory GST and Compensation Bill will be followed by work in the GST council, comprising FM ArunJaitley and state finance ministers, to finalise rules and product- and service-wise rates by the end of April.
GST will replace central excise, service tax and state VAT and several other levies, in addition to subsuming existing cesses and surcharges.

Major Action &Announcement:
IT major Infosys fell 1.07% to Rs 1,020.80. The company announced during trading hours on 30 March 2017, that it has achieved Cloud Elite status in the Oracle PartnerNetwork (OPN). With this designation, Infosys is well positioned to help customers achieve cloud transformation, and provide sophisticated capabilities and next-generation services on Oracle Cloud. With strategic specialization and training programs, innovative joint solutions, and a clearly defined solutions roadmap, Infosys' Cloud Elite status will help clients derive better business value, it said in a statement.

TCS rose 0.18% to Rs 2,431.10. TCS said that the company has collaborated with SATS (SATS), Asia's leading provider of airport ground handling and food solutions services, to develop a smart watch solution that is believed to be the world's first mobile solution for airport Technical Ramp operations. The Technical Ramp Smart Watch solution is now supporting SATS' operations at Singapore's Changi Airport, a leading global hub of travel, technology adoption and efficiency. The announcement was made after market hours on 30 March 2017.

NTPC rose 1.1%. NTPC said that consequent upon testing and commissioning, 260 megawatts (MW) capacity (4x65 MW) of Bhadla solar PV project at BhadlaRajasthan, is declared on commercial operation on 25 March 2017. With this, the commercial capacity of NTPC and NTPC group has become 40,522 MW and 47,293 MW respectively. The announcement was made after market hours on 30 March 2017.

Drug major Lupin fell 2.61%. The company announced the launch of Abacavir and Lamivudine tablets, 600 mg/300 mg having received an approval from the United States Food and Drug Administration (FDA) earlier. The announcement was made during market hours on 29 March 2017.

Power Grid Corporation of India (PGCIL) rose 1.81%. The company announced that it has acquired Medinipur-Jeerat Transmission, the Project SPV to establish transmission system for 765kV strengthening in Eastern Region (ERSS-XVIII), on build, own, operate and maintain (BOOM) basis from PFC Consulting. The transmission system is to be progressively constructed over a period of 40 months. The announcement was made during market hours on 29 March 2017.

Axis Bank gained 0.33%. The bank said that the board of directors of the bank has passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the MTN programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours on 27 March 2017.
Hero MotoCorp lost 4.52% to Rs 3,223.85. Bahadur Chand Investments (BCIPL), one of the promoters of Hero MotoCorp, raised its holding in the two-wheeler major by picking up 4.45% stake for Rs 2996 crore from another promoter firm in an open market transaction. 

Global Front: 
In Overseas Markets,Activity in China's manufacturing sector expanded to 51.8 in March, an official survey showed on Friday, 31 March 2017. The services sector rose to 55.1 from 54.2 in February. The 50-point mark separates growth from contraction.
Japan's core consumer prices rose 0.2% in February. While that is the fastest annual pace in nearly two years, it is still distant from the central bank's 2% target.

The US economy, as measured by gross domestic product, expanded at a 2.1% annualized pace in the fourth quarter, slightly faster than the previously reported 1.9% rate. Separately, jobless claims fell by 3,000 to 258,000 in the latest week, near their lowest level in decades.

Global Economic News:

Beginning of the end 
The United Kingdom formally began the process of withdrawing its European Union membership this week by triggering Article 50 of the Lisbon Treaty. The UK and EU now enter into a two-year negotiation to iron out such thorny issues as the legal status of EU citizens residing in the UK and that of UK citizens living within the EU, "hard" or "soft" borders and how —and how much it will cost-- to extract the UK from the EU’s finances. EU president Donald Tusk said a free trade agreement can only be discussed once sufficient progress has been made on the divorce process. Also this week, the Scottish parliament voted 69–59 to authorize a second referendum on independence from the UK. Scotland voted to remain in the EU in last June’s Brexit referendum.

Will Trump play it safe or go big? 
After suffering a stinging defeat in his first major legislative initiative, President Donald Trump is likely to turn his focus to taxes in the hope of unifying the Republican congressional caucus. That may prove easier said than done, as the approximately $1 trillion in savings over 10 years that was expected from the repeal of Obamacare and its replacement with the American Health Care Act (AHCA) is now off the table. Trump must now decide whether to risk further political capital by advocating an ambitious comprehensive tax reform plan or to play it safe and advocate a smaller program of tax cuts. Should negotiations drag on, markets may not receive the fiscal stimulus that they’ve been expecting this year. Some fear stimulus could be smaller than expected and later in arriving, perhaps not until 2018.

US growth revised up
Q4 US gross domestic product was revised up to a 2.1% annual rate this week from an earlier 1.9% reading. Corporate profits showed healthy growth of 9.3%, though the persistent US trade deficit restrained economic growth. Sluggish growth is expected to persist into the first quarter of 2017.

US to seek modest NAFTA changes
A leaked draft of a US Department of Commerce memo this week showed that the Trump administration will seek quite modest changes to the North American Free Trade Agreement, countering more bombastic proposals made on the campaign trail by President Trump prior to his election. Trade jitters have been receding in recent weeks, but investors will keep a close eye on the first meeting between Trump and Chinese president Xi Jinping in Palm Beach, Florida, on 6–7 April.

German unemployment falls to record low
Unemployment in Germany, Europe’s largest labor market, fell to a post-reunification low of 5.8% in March, as joblessness fell by 30,000. That was more than the 10,000 that economists had predicted.

Ousted South Korean president jailed
Former South Korean president Park Geun-hye has been arrested and jailed over corruption allegations. Prosecutors have 20 days to build their case while Park is in custody. A snap election to replace Park will take place on 9 May.

GLOBAL CORPORATE NEWS

Cutting a Gordhan-ian knot
South African president Jacob Zuma fired his market-friendly finance minister PravinGordhan this week in a move that risks prompting a downgrade of the country’s sovereign debt ratings. Zuma and Gordhan are longtime political rivals and have differed sharply over South Africa’s public finances. Zuma is expected to sharply increase public expenditures now that Gordhan has been sacked. South Africa’s rand has fallen 7.5% this week against the US dollar as the battle between Zuma and Gordhan has played out.

NEW 52-WEEK HIGH BSE (A):

ADANIENT

109.95

ADANIPORTS

342.00

AIAENG

1641.00

NEW 52-WEEK LOWS BSE (A):


NOT YET IN (A) CAT

-------

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:


 ABB INDIA

7.53

BAJAJ HOLDINGS

6.86

BERGER PAINTS

5.87

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:


AMTEK AUTO

-4.60

AJANTA PHARMA

-3.55

ASHOK LEYLAND

-3.15


Eyes will be set on the certain US economic data releases are: 
Monday (03 Mar)
PMI Manufacturing Index 
Tuesday (04 Mar)
Motor Vehicle Sales & Factory Orders
Wednesday (05 Mar)
PMI Services Index
Thursday (06 Mar)
Natural Gas Report 
Friday (07 Mar)
Consumer Credit & Wholesale Trade

Fundamental Pick of the week:
Buy CESC LTDFor Target Rs.900.00
CESC is in the strong up-trend as the stock reversed after taking support of Rs790 (23.6% Fibonacci Retracement level of prior up-move Rs527-876) and later rose to Rs857.
* Key technical indicators-RSI & MACD are positively poised above their neutral line, where MACD is on the verge of positive cross-over.
* As per the current daily set-up, we believe that stock will continue the northward rally and record fresh high.
* On the higher side, the stock will face major hurdle around psychological level Rs900.Thus, long position can be initiated at around Rs830 with the target of Rs900 and a strict stop loss of Rs790. 

Indian Market Outlook:

TECHNICAL VIEW:


S3

S2

S1

NIFTY

R1

R2

R3

9,000

9,060

9,110

9,173.75

9,225

9,270

9,340

After witnessing volatile trades last week, CNX Nifty resumed its up move supported by short covering. Good recovery was seen from lower levels tracking continuation of bearishness in USD/INR futures which helped Indian equity markets to settle at higher levels. Technically, Rise in volume and fall in open interest with both sides price movement price movement indicates sideways sentiments in current week. 9100 will be the Crucial level to watch out for the current week. Benchmark Index CNX Nifty witnessed good buying support at lower levels from traders last week which indicates support at lower levels. CNX Nifty likely to trade with volatile sentiments in current week on profit booking at higher levels from traders. If it managed to sustain above 9100 level than it may witness firm sentiments till 9330 levels. Breaking of strong support 9100 level with good volume will make Nifty bearish and down side may come due to selling pressure below that level. Traders should look for the opportunity to buy at lower levels for the week.

Conclusion:

Nifty gave Short entry on Monday which  did 1 target on Downside. Long was triggered  by Tuesday did 1 Tgt on Thursday thus both bulls and bears were rewarded following Chopad levels.  Lets Analyze how to trade Nifty as we are approach the New Financial Year.
Hourly chart was near the support line as shown in above chart and should see impulsive move towards 9200 holding 9077.
High made was 9192 so we almost did 9077 above 9077. Now for coming week break of 9200 can see fast move towards 9268/9312/9368. Bearish below 9130 for a move towards 9060/8992.Still waiting for 9312 for completion of extended abcdpattern. Bulls needs to hold 8992 for the target to come.

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The stock market is the place that will not only give us the shares to understand the market but they at the same time have all together a different dimension to understand the market. We see in the stock market that in the day to day basis there are many shares that fluctuate as the day evolves and ends and that as the day progresses the people at large are able to grip as to how the market will actually function. In this present world there are risks involved in every sector that we flow into be it real or the artificial one and so you should know whether day trading has too many risks involved in it. Thus we have the things that that can give us the people and they have the better advantage. They have the right summary and thus give us the people the advantage to give the right knowledge and then at the same time will be able to place us at a much better position and answer as how soon can you gain good profits from the market?

 

Sensex, Nifty end higher ahead of March F&O expiry; Banks soar

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Indian Indices: Indian equity benchmarks continue to maintain the upbeat trend in late afternoon session as positive global cues along with strong rupee against dollar, buoyed investors’ sentiments. Traders remained optimistic with the Care ratings’ report that it expects GDP growth to accelerate to 8 percent next financial year as against 7.1 percent in this year as per the latest CSO estimate and added that the monsoon will be the only domestic risk factor which may scupper this. Sentiments also got some lift with the report that Finance Minister ArunJaitley moved the Central Goods and Services Tax (CGST) Bill, 2017, along with three other GST Bills for consideration and passage in the LokSabha. However, up-side remained capped ahead of the near month March 2017 derivatives contract expiry on Thursday.

The BSE Sensex is currently closed at 29,531.43 up by 121.91 points or 0.41% after trading in a range of 29439.42 and 29535.04. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.41%, while Small cap index was up by 0.47%.

The CNX Nifty is currently shut up at 9143.80 up by 43.00 points or 0.47% after trading in a range of 9109.10 and 9140.10. There were 35 stocks advancing against 16 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Dishman

301.50

8.38

GRUH

408.00

9.99

Edelweiss

157.25

7.71

Muthootfin

377.40

7.52

Losers

 

 

Bharatfin

804.154

-3.63

NLCIndia

104.55

-3.55

Unitech

5.43

-3.21

SREINFRA

82.95

-3.04

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,531.43

0.41

Nifty

9,143.80

0.47

Crporate Front: Foreign investors are set for their biggest monthly purchases of Indian equities in four years in March, but analysts expect inflows to moderate after a major overhaul of tax rules kicks in on April 1.Market participants estimate about one-third of the inflows of $3.6 billion seen this month - the biggest since February 2013 - were linked to buying ahead of the implementation of the General Anti-Avoidance Rules (GAAR).

 

Macroeconomic front:

Finance Minister ArunJaitley said that the tax rates will be kept at the current levels so as not to have any inflationary impact, reported PTI. Introducing four bills to give effect to the Goods and Services Tax (GST), Jaitley said the legislations will have to be passed by Parliament and one by each of the state assemblies to turn India into one market with a single tax rate.

 

On the global front:

On the global front, European markets were trading in green, on Wednesday, as investors looked to London and Brussels and the start of Britain's much-anticipated Brexit proceedings. Back home, in scrip specific development, Kalpataru Power Transmission (KPTL) edged higher after the company secured new orders exceeding Rs 1200 crore and Talwalkars Better Value Fitness (TBVF) surged after the company inaugurated its 10 Zorba - renaissance studios.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28674.00

-0.6

Silver

422118.00

-0.64

Crude oil

3165.00

-0.06

Natural Gas

208.80

0.88

Alluminium

125.40

-0.52

Copper

382.65

-0.65

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Telecom up by 1.46%, Bankex up by 0.77%, Capital Goods up by 0.77%, PSU up by 0.75% and Metal up by 0.74%, while Realty down by 0.36%, Healthcare down by 0.24%, Oil & Gas down by 0.16% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were BhartiInfratel up by 4.90%, SBI up by 2.46%, Eicher Motors up by 1.88%, Hindalco up by 1.74% and HCL Tech up by 1.64%. On the flip side, Grasim Industries down by 0.91%, Sun Pharma down by 0.90%, Mahindra & Mahindra down by 0.83%, Kotak Mahindra Bank down by 0.62% and AurobindoPharma down by 0.59% were the top losers.

 

Global Signals:

Asian markets were trading mostly in green; KOSPI Index increased 3.67 points or 0.17% to 2,166.98, Nikkei 225 increased 14.61 points or 0.08% to 19,217.48, Jakarta Composite increased 34.72 points or 0.63% to 5,575.92 and Hang Seng increased 46.18 points or 0.19% to 24,392.05. On the flip side, Taiwan Weighted decreased 20.2 points or 0.2% to 9,856.25, Shanghai Composite decreased 11.63 points or 0.36% to 3,241.31 and FTSE Bursa Malaysia KLCI decreased 5.41 points or 0.31% to 1,749.01.

All European markets were trading in green; UK’s FTSE 100 increased 12.37 points or 0.17% to 7,355.79, France’s CAC increased 18.58 points or 0.37% to 5,064.78 and Germany’s DAX increased 71.94 points or 0.59% to 12,221.36.

 

US indices bounce back with Dow Jones having best rally in over 3 weeks as Oil trades over US $ 48. Bond yields rise as US March confidence data jumps sharply.

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Indian Indices: Asian indices are set for another good day after Dow Jones clocked a 150 point rally overnight. The indices were in oversold zone and a bounce was on the cards, which got the necessary fillip from the US confidence data, which showed the highest reading since 2000.


Nifty saw strong foreign buying, the best in the last 6 months that lifted the index to 9100. With expiry of derivative contracts tomorrow expect bulls to strive higher in the opening session as short covering sees Nifty test 9150. For today expect buying in Metals, Banks and Infra to continue even as Pharma and IT will witness profit booking.  


The BSE Sensex is currently trading at 29474.05, up by 64.53 points or 0.22% after trading in a range of 29439.42 and 29494.44. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.15%, while Small cap index was up by 0.40%.

The CNX Nifty is currently trading at 9119.60, up by 18.80 points or 0.21% after trading in a range of 9109.10 and 9134.05. There were 33 stocks advancing against 18 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Dishman

306.00

9.99

Cox&Kings

220.60

5.60

SCI

72.90

5.27

CentralBk

103.20

4.77

Group ATopLosers

 

 

Hindzinc

291.50

-2.35

Sadhav

300.00

-2.26

KEC

189.30

-2.25

Fincables

504.00

-1.44

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29326

29525

Nifty

9090

9130

 

Technical view: Nifty will find strong support around 9080, which was yesterday's low and face resistance around 9170 on the upside. Bank Nifty finds support around 21145, which was yesterday's low and faces resistance @ 21350, which was the swing top of last week.


 

Zee Entertainment (Buy above 531, for Target of 550, Stop Loss at 521.5): The stock has witnessed a swift move and has smoothly broken out from a Symmetrical Triangle pattern indicating a typical continuation of its previous uptrend. The price outburst has also been accompanied with smart volume uptick. Other momentum oscillators also indicate strength in the current up move.


Derivative Snippets: In the last trading session, markets ended the trading session on a positive note, as PSU banks continued to surge higher. Long Build up was seen in Bank Nifty future along with the short covering of ITM/ATM call options, indicating of a continuation of this rally up to the resistance zone of 21500 levels.

FIIs were net buyers in cash market segment to the tune of Rs 6415 crore.

FII’s index future long/short ratio at 2.7x vs3.2x, with a significant creation of fresh long and shorts positions to the tune of ~34k and ~12K contracts.

Nifty Movers: The top gainers on Nifty were BhartiInfratel up by 3.44%, Tata Power up by 2.14%, Asian Paints up by 1.51%, SBI up by 1.24% and Larsen & Toubro up by 1.21%.
On the flip side, Adani Ports & Special Economic Zone down by 1.06%, AurobindoPharma down by 0.62%, Kotak Mahindra Bank down by 0.58%, Mahindra & Mahindra down by 0.57% and Reliance Industries down by 0.49% were the top losers.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Telecom up by 1.08%, Capital Goods up by 0.73%, Industrials up by 0.47%, Consumer Durables up by 0.47% and Basic Materials up by 0.42%, while Oil & Gas down by 0.29%, Energy down by 0.22% and Healthcare down by 0.04% were the few losers on BSE.

 

 

 

 

On the global front: On the global front, Asian shares were trading mostly in green, taking a cue from Wall Street overnight. Bank of Japan board member Takehiro Sato said labor market reform and other measures to boost Japan’s growth potential must accompany monetary easing to raise the country’s low long-term inflation expectations. Japanese retail sales were effectively flat in February as consumers cut back on food and durable goods after employers offered the lowest spring wage increases in four years.

 

Global Signals:The Asian markets were trading mostly in green; KOSPI Index increased 2.85 points or 0.13% to 2,166.16, Shanghai Composite increased 4.6 points or 0.14% to 3,257.55, Nikkei 225 increased 8.51 points or 0.04% to 19,211.38, Hang Seng increased 34.51 points or 0.14% to 24,380.38 and Jakarta Composite increased 41.32 points or 0.75% to 5,582.52.

On the other hand, Taiwan Weighted decreased 32.22 points or 0.33% to 9,844.23 and FTSE Bursa Malaysia KLCI decreased 3.79 points or 0.22% to 1,750.63.

 

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