NIFTY SPOT: 7860.75 EQUITY RESEARCH LAB

Stock cash tips :- 

Nifty Future R1: 7899 R2:7937 R3: 7967

Pivot: 7835.60 S1: 7797 S2:7733 S3:7695

CHART INTERPRETATION :-

Nifty spot close at 7860.75 on Monday . At higher side, important level 7920 is the level to watch out for. As long as Nifty future manages to sustain above 7850, the trend will be strong and nifty future will try touch further higher levels from this level.

At lower side, support near 7770. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7770.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY/BANKNIFTY FUTURE:-

The Nifty is likely to open flat to positive on the back of strong global cues. It is likely to trade in the range of 7830-7940. Looking at the option data, we feel the index is well placed to move towards levels of 7950 with support seen at 7850

INTRADAY STRATIGY :-

Buy Nifty future above 7860 For the tgt of 7950-8000 sl 7830.

CORPORATE NEWS :-

Pirama Enterprises’s consumer products division has entered into an agreement to acquire four brands from Pfizer for a consideration of Rs 110 crore.

After contracting for 17 months, WPI stood at 0.34% for April, 2016 against -0.85% in the previous month and -2.43% in a year ago period.

BHEL got order worth Rs. 1600 cr from a joint venture company of NTPC and SAIL to set up a coal based thermal power project in Odisha.

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Today's market Update EQUITY RESEARCH LAB

Stock cash tips :- 

Today’s Stock Market Action

BSE( TOP Gainers)

Company                   Current         % gain

Dr Reddys Labs        3,015.80         3.56

Asian Paints               954.90           1.32

Tata Motors              395.10            1.31

BSE (TOP LOSERS) :-

Company              Current            % loss

Bharti Airtel          345.90            -2.55

SBI                      181.05             -2.14

HUL                     819.80            -1.36

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NIFTY SPOT: 7900.40 EQUITY RESEARCH LAB

Stock Cash tips :- 

 Nifty Future R1: 7958 R2:7988 R3: 8037

Pivot: 7909  S1: 7879 S2:7830 S3:7800

CHART INTERPRETATION :-

Nifty spot close at 7900.40 on Thursday . At higher side, important level 7920-8050. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7850.  Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800.

Mechanical indicator stochastic RSI  also showing positive trend.

NIFTY FUTURE :-   

Nifty closed at 7928.20 on Thursday . The optimism over better fourth quarter earnings coupled with the passage of the Bankruptcy bill helped the market to hold traction. Global cues remained mixed with European counters making mostly a positive start, while Asian markets ended mixed following a dismal  day on Wall Street, while the dollar took a breather from this week’s rebound and crude oil gave back some of  its recent gains.

INTRADAY STRATIGY: -

Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.

CORPORATE NEWS :-

Dr Reddy's Laboratories' net profit fell 85.62% to Rs 74.60 crore on 2.47% decline in total income to Rs 3786.90 crore in Q4 March 2016 over Q4 March 2015.

Arvind Ltd, has reported a consolidated net profit of Rs. 110 crore compared with Rs. 97 crore in the corresponding quarter last year, showing 14% growth on year-on-year basis.

TVS Motor Company has introduced a special “Himalayan Highs'' edition of TVS Scooty Zest 110.

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NIFTY SPOT: 7848.85 EQUITY RESEARCH LAB

Stock cash tips :- 

Nifty Future R1: 7917 R2:7969 R3: 8029

Pivot: 7857 S1: 7806 S2:7746 S3:7694

CHART INTERPRETATION :-

Nifty spot close at 7848.85 on Wednesday . At higher side, important level 7920-8050. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level.

At lower side, support near 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

Nifty closed at 7865.85 on Wednesday . The new tax pact with Mauritius spooked markets. However, the deep cuts in prices encouraged value buying later on, especially as it dawned on the investors that better clarity on the tax pact augurs well from a long term perspective. But, falling European stocks as well as CPI-IIP figures scheduled for tomorrow, ensured that the day’s gains were capped.

INTRADAY STRATIGY :-

Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.

CORPORATE NEWS :-

Kotak Mahindra Bank's net profit rose 31.99% to Rs 695.78 crore on 52.27% increase in total income to Rs 4947.32 crore in Q4 March 2016 over Q4 March 2015.

Indian Bank net profit fell 59.02% to Rs 84.49 crore on 2.34% increase in total income to Rs 4513.60 crore in Q4 March 2016 over Q4 March 2015.

Oriental Bank of Commerce reported a net profit of Rs 21.62 crore in Q4 March 2016 compared with the net loss of Rs 178.44 crore in Q4 March 2015.

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NIFTY SPOT: 7887.80 EQUITY RESEARCH LAB

Stock Cash Tips :- 

 Nifty Future R1: 7946 R2:7973 R3: 8012

Pivot: 7906 S1: 7880 S2:7840 S3:7813

CHART INTERPRETATION :-

Nifty spot close at 7887.80 on Tuesday . At higher side, important level 7920-8050. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty closed at 7919.75 on Tuesday . Earlier, markets traded choppy for most part of the day’s trade as traders opted to book profit at attractive levels after posting a huge rally in previous session. Traders also remained on sidelines ahead of important macro data slated to be announced later in the week.

INTRADAY STRATIGY:-

Buy Nifty future above 7950 for the tgt of 8000- 8050 sl 7870.

CORPORATE NEWS :-

Kansai Nerolac Paints' promoter, Kansai Paint Company, acquired 1.37 crore shares, or 2.54% equity, in the paint maker through open market purchase on 6 May 2016. Post-acquisition, Kansai Paint Company holds 39.79 crore stake, or 73.83% equity, in Kansai Nerolac Paints.

UFO Moviez India has settled dispute with Real Image Media Technologies.

JSW Steel seven bidders shortlisted for Tata Steel's UK assets.

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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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