NIFTY SPOT: 7733.45 Equity Research Lab

Stock cash tips :-


Nifty Future R1: 7786 R2:7813 R3: 7856

Pivot: 7743 S1: 7717 S2:7674 S3:7647

CHART INTERPRETATION :-

Nifty spot close at 7733.45 on Friday . At higher side, immediate resistance near 7735-40. If Nifty future manages to move and stay above this resistance, nifty future will try to touch the next important resistance at 7780-7810.How ever, if Nifty future fails to move and stay above any of the given resistance levels, then again Nifty future will fall to lower levels.

At lower side, support near 7710, If Nifty future falls and stays below this important support, then the trend will become further weak and nifty future will fall to next lower supports at 7680-7660 levels.


Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

Nifty closed at 7760.25 on Friday . After almost hitting the 8000 levels recently, the Nifty seems to be struggling to come anywhere near for now. The sell-off for some days has been mostly triggered by a slide in global markets. Disappointing quarterly earnings announced by banking heavyweight ICICI Bank hit sentiment on the street. The coming week will see the market reacting to plethora of macro-economic numbers which includes April Import & Export data, April CPI YoY and March IIP YoY. Corporate results on the other hand will continue to pour in with companies like HUL, Asian Paints, Havells and Cadila announcing their earnings next week.

INTRADAY STRATIGY :-

Buy Nifty future above 7800 for the tgt of 7850- 7900 sl 7730.

CORPORATE NEWS :-

NIIT Technologies reported a consolidated net profit of Rs. 79 crore for the fourth quarter ended March 31, as compared to the loss of Rs. 17.5 crore in the corresponding period last year.

BHEL announced the commissioning of a 500-MW thermal unit in Jharkhand.

Havells India Ltd has launched integrated automation and control solutions for domestic, commercial and public segments.

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Equity Research Lab NIFTY SPOT: 7805.90

Stock cash tips :- 

Nifty Future R1: 7874 R2:7909 R3: 7944

Pivot: 7839 S1: 7805 S2:7770 S3:7735

CHART INTERPRETATION :-

Nifty spot close at 7805.90 on Monday . At lower side, support near 7820-7800. If Nifty future takes support near this level on intraday declines, then nifty future will bounce back and move to higher levels. At higher levels, resistance near 7860-7890. Further up moves in nifty future is possible only if Nifty future manages to move and stay above this level. Otherwise, again Nifty future will fall to lower levels.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE: Nifty closed at 7853.45 on Friday . Nifty moved in a 53-point range throughout the day and closed just above 7800. Nifty fell 43.90 points or 0.6 percent at 7805.90. Growth in India's manufacturing sector slowly sharply in April as demand weakened, reinforcing views that the central bank will have to cut interest rates again in coming months. The Nikkei/Market Manufacturing Purchasing Managers' Index fell to a fourmonth low of 50.5 in April from March's 52.4, nearing the 50 mark that separates growth from contraction and the lowest reading of the year. we are still bullish on India with better-than-expected Q4 earnings and hopes for a good monsoon.

INTRADAY STRATIGY:- Buy Nifty above 7800 for the tgt of 7850- 7900 with the sl of 7730 .

CORPORATE NEWS :-

Nikkei India Manufacturing Purchasing Managers’ Index (PMI) — a composite indicator of manufacturing performance — fell from 52.4 in March to 50.5 in April, 2016.

Maruti Suzuki India reported total sales growth of 16% in the domestic market by selling 1,17,045 vehicles in April.

Mahindra & Mahindra reported a 14% rise in total sales to 41,863 units in April. The company had sold 36,727 units in the same month last year.

Bajaj Auto’s sales saw a 2% decline during April to 3.30 lakh units versus 3.36 lakh units in the same month of last
year.

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NIFTY SPOT: 7847.25 Equity Research Lab

Stock Cash Tips 


Nifty Future R1: 7954 R2:8055 R3: 8111

Pivot: 7898 S1: 7797 S2:7741 S3:7640

CHART INTERPRETATION :-

Nifty spot close at 7847.25 on Thursday. Nifty future closed at 7846.80 on expiry of April month. as we seen At higher levels, minor hurdle near 8000-8010. Only if nifty future manages to move and stay above this level, there will be chances for further up side movements. Otherwise, again Nifty future will move in a range bound manner.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty closed at 7853.45 on Thursday. Japan led the slide in global markets after the Bank of Japan today kept its benchmark interest rate unchanged, but trimmed GDP growth forecast for FY17 and FY18. Metals, oil and gas, power, auto and FMCG were among the worst hit sectors, while realty shares held ground amid the carnage. Among frontline shares, big losers included Hindalco, HDFC, Maruti, ITC and M&M.

INTRADAY STRATIGY:-

Buy Nifty above 7850 for the tgt of 7900- 7950 with the sl of 7770 .

CORPORATE NEWS :-

TTK Prestige has announced its entry into the home cleaning market.

Dabur India consolidated net profit rose 16.6% to Rs 331.90 crore on 10.9% growth in net sales to Rs 2157.30 crore in Q4 March 2016 over Q4 March 2015.

ACC net profit declined 3.48% to Rs 232.19 crore in the quarter ended March 2016 as against Rs 240.55 crore during the previous quarter ended March 2015.

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NIFTY SPOT: 7979.90 Equity Research Lab

Stock cash tips :- 

Nifty Future R1: 8009 R2:8027 R3: 8057

Pivot: 7979 S1: 7960 S2:7930 S3:7912

CHART INTERPRETATION :-

Nifty spot close at 7979.90 on Wednesday . In the morning nifty spot open down but trade above the range of 7900 .nifty spot showing recovery from the day low and made a high of 7997.95On Wednesday. nifty also trade above its 200 simple moving average . Technically nifty Spot, if manage the level of 7950-7980,So new level of 8100-8250 will be seen in nifty spot soon.  At lower side support 7960-40. If Nifty future takes support near this level on intraday declines, nifty future will bounce back and move in upward direction.  At higher side, immediately hurdle near 8000-8010. Further up moves towards 8050-70 is possible only if Nifty future manages to move and stay above this immediate hurdle.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty closed at 7990.35 on Wednesday . The market is still range bound with the Nifty eyes set on 8000-mark.Nifty was seen trading in a very narrow channel throughout the day’s session due to absence of fresh cues from both international and domestic markets.

INTRADAY STRATIGY:-

Buy Nifty above 7980 for the tgt of 8030- 8080 with the sl of 7920 .

CORPORATE NEWS :-

Biocon reported a 79.1% increase in net profit at Rs. 360.9 crore for the fourth quarter ended March on top of higher sales and exceptional income. The company had posted a net profit of Rs. 201.5 crore in the same period of the previous fiscal. Net sales rose to Rs. 970.3 crore, up 16.84%, from Rs. 830.4 crore a year ago.

Yes Bank’s net profit for the March quarter rose 27.43% due to higher net interest income and other income. Net profit for the quarter stood at Rs.702.11 crore as compared to Rs.550.99 crore a year ago.

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NIFTY SPOT: 7962.65 Equity Research Lab

Stock cash tips :- 

Nifty Future R1: 8036 R2:8094 R3: 8196

Pivot: 7934 S1: 7877 S2:7775 S3:7715

CHART INTERPRETATION
Nifty spot close at 7962.65 on Tuesday . In the morning nifty spot open gap down &trade between the range of 7800-7900 .nifty spot showing recovery from the day low and break the its psychological level of 7950 which is seen as its major hurdle ,which nifty did not manage to cross. On Tuesday nifty closed above the 7950 and also closed above its 200 simple moving average . Technically nifty Spot, if manage the level of 7950-7980,So new level of 8100-8250 will be seen in nifty spot soon.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:

 Nifty closed at 7979.15 on Tuesday . After a sluggish start, markets surprisingly rallied sharply to end about 1.4 per cent higher for the day. European markets traded higher when they opened, which provided support to Indian markets. The US Fed meets today and a decision on interest rates is expected tomorrow. Apart from this, good results from large companies such as Maruti and Reliance also kept sentiments positive.

INTRADAY STRATIGY:-

Buy Nifty above 7980 for the tgt of 8030- 8080 with the sl of 7920 .

CORPORATE NEWS :-

PPF interest rates have been reduced from 8.7% to 8.1%, while that on 5 year recurring deposit has been reduced to 7.4% from 8.4%. The interest rate on Kisan Vikas Patra has been slashed to 7.8% from 8.7%. Besides, the government also has slashed interest rates on 3-year time deposit to 7.4% from 8.4%; 5 year time deposit to 7.9% from 8.5% and on girl child scheme to 8.6% from 9.2%

Telecom index gained 1.4% to 1265.10 points at the closing bell on Friday from its previous close of 1246.96 points. Telecom stocks are rallying for the second consecutive session. A relief to telcos, Supreme Court on March 17 asked Telecom Regulatory Authority of India (TRAI) to consider partial roll-back of call drop penalty.

Torrent Pharmaceuticals Ltd stock closed 4% higher at Rs. 1312. The company received environment inspection report from USFDA for plant located at Dahej SEZ in Gujarat state, according to reports.

3 out of 5 manufacturing plants of the company now have an FDA approval, The scrip opened at Rs. 1271 and touched a high and low of Rs. 1319 and Rs. 1263.7 respectively.

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Derivative report 22 April :- Equity Research Lab

Stock Cash tips :- 

NIFTY FUTURE :-

Sensex closed 36.20 points, or 0.14 %, up at 25,880.38. Nifty settled 2.70 points, or 0.03 %, down at 7,912.05. banking stocks rallied on a media report the Reserve Bank of India trimmed the list of companies whose loans need to be provided for against the risk of default. Asian equity markets ended mostly higher on Thursday as oil prices rallied and the yen resumed its decline on expectations of further easing from the Bank of Japan next week. The European Central Bank meeting due later in the day, although no change in policy is expected after unprecedented monetary stimulus at the March policy meeting. Japanese shares rose, as oil prices bounced back and positive US housing data as well as expectations of further policy easing from the Bank of Japan weakened the yen to near the 110 level. Technical views:

Nifty future closed at 7913.35 on Thursday. Nifty break it Psychological level of 7900 if nifty trade above and sustain on that level, nifty may continue bullish trend further, next resistance for nifty may be 7950.

Pivot point :-

Nifty Future R1: 7970 R2: 8027 R3:8069

Pivot:7927 S1: 7870 S2: 7828 S3:7771

BANK NIFTY FUTURE

Bank nifty open gap up in the morning and made new high of 16769.55 in the previous one hour’s of the trading. bank nifty after that shown consolidation and followed the range of 16500-16700. Above 16800 we can see the new level of 17000 in bank nifty soon. ICICI BANK (6.30%) and SBI BANK (3.76%) is the top gainers in bank nifty future.

Technical views:

Bank nifty Open high at 16576.00 , to its previous closing 16385.65 on Wednesday & trade between the level of 16400-16800 above that level bank nifty technically may touché the new level of 17000-17300 soon.

Pivot level:

Bank Nifty Future R1: 16751 R2: 16863 R3:16956

Pivot: 16658 S1: 16546 S2: 16453 S3: 16341

USD/ INR: The Indian rupee opened lower by 10 paise at 66.32 per dollar Thursday against previous close of 66.22. Sharp rise in oil prices has failed to trigger significant currency movements. Ahead of next week's FOMC rate setting meeting, currency markets are expected to be subdued. Dollar edged up against a basket of major currencies. Euro flat ahead of the ECB meet today. The central bank is not expected to make any policy change at its rate-setting meeting on Thursday.

EUROPEAN MARKET:

European markets finished slightly negative with shares

ASIAN MARKET:

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 2.70% and the Hang Seng rose 1.82%. The Shanghai Composite lost 0.66%. in Germany leading the region. The DAX is up 0.14% while France's CAC 40 is down 0.20% and London's FTSE 100 is up 0.45%.

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NIFTY SPOT: 7850.45 EQUITY RESEARCH LAB

Stock Cash tips :- 

 Nifty Future R1: 7910 R2:7953 R3: 8012

Pivot: 7850 S1: 7808 S2:7748 S3:7705

CHART INTERPRETATION :-

Nifty spot close at 7850.45 on Wednesday . nifty spot trade between the range of 7700-7900 above that level, nifty may be touch the new level of 7950-8100 . Next major resistance for nifty may be 7950.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty future closed at 7867.85 on Wednesday. The market surged nearly 2 percent on Wednesday following global rally, strong monsoon forecast, better-than-expected economic data and ahead of Infosys Q4 earnings. In fact, it was broad based upside, majorly led by banks, auto and FMCG stocks.

INTRADAY STRATIGY:-

Buy Nifty above 7850 for the tgt of 7900-7950 with the sl of 7760 .

CORPORATE NEWS :-

Wipro board will consider a proposal to buy back shares of the company on 20 April 2016.

Madhucon Projects announced the completion of the strategic sale of its majority stake in Madhucon Agra-Jaipur Expressway to Cube Highways and Infrastructure.

Lux Industries board approved a 5-for-1 stock-split proposal.

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