NIFTY UPDATE :- RESEARCH BHASKAR

RESEARCH BHASKAR :-

NIFTY SPOT : R1:9630    R2:9675     R3:9699

PIVOT : 9611 S1:9590     S2:9560     S3:9539

 INDEX OUTLOOK :-     Nifty is likely to open in a flat note. Momentum indicators are indicating towards a volatile market today. Nifty is trading near its all time high. Positional traders are advised to keep their stop loss at 9500 for longs while for shorts it should be placed at 9650.Intraday traders are advised to adopt buy on dips strategy today. It is advised to make long position in nifty around 9560 with a stop loss of 9525 for the target of 9600.

RESEARCH BHASKAR

Strategy: long Nifty around 9560 with a stop loss of 9525 for the target of 9600.

SECTORIAL INDICES :- 

RESEARCH BHASKAR

CORPORATE NEWS      
 MSCI Index changes :-India’s weight will increase the most, will increase to 10.5 percent from 10.2 percent ICICI Bank’s weight will increase to 0.25 percent from 0.13 percent IOC & REC included while Divis Labs deleted from Large Cap Index 15 stocks added while 11 deleted in Small Cap Index Avanti Feeds, Birla Corp, BSE, Divis, Dr Lal PathLabs added in Small Cap Index Endurance, Future Life, Indiabulls Ventures added in Small Cap Index  L&T Infotech, Laurus Labs, Nalco, Navneet & Prestige Estates added in Small Cap Index Astrazeneca, CCL Products, Coffee Day deleted from Small Cap Index Cyient, Fortis Healthcare, Indoco Remedies, Ingersoll, Kitex deleted from Small Cap Index Sun TV, Texmaco Rail & Unitech deleted from Small Cap Index Other stocks and sectors that are in news today: Glenmark gets US FDA nod for ADHD drug, Atomoxetine capsules Berger Paints has approved purchase of 1,03,03,580 equity shares of Saboo Hesse Wood Coatings  ICRA revises ratings for OBC's bonds to A+ from AA-  Rolta India intends to cancel the listing and trading of its GDRs at London Stock Exchange effective as of June 30, 2017  Fitch downgrades IDBI Bank's long term IDR to BB+ from BBB- Mcleod Russel board decided to initiate discussion with Eveready Industries India for participating in a joint venture for development of packet tea business through a separate entity Gujarat Gas has entered into a non-binding MoU with Petronet LNG for exploring dispensing and marketing of LNG including the L-CNG at GGL CNG stations  Lyka Labs says filing of Documents of merger of Lyka Healthcare (wholly owned subsidiary) with Lyka Labs w.e.f. April 1, 2017 Jindal Poly Films in talks to acquire European operations of DuPont Teijin Films: ET  United Spirits to sell properties belonging to Vijay Mallya: ET HPCL, IOC, BPCL in focus  Petroleum Ministry hires Deloitte for oil PSU oil merger: BS Promoters might lose control of Amtek Auto: BS  Max Financial/ HDFC Life's to approach IRDAI with new merger plan  IT employee union files complaint against Tech Mahindra  Cadila Healthcare plans Rs 1,000 crore QIP Piramal Enterprises in focus  Piramal structured finance arm invests Rs 565 crore in two auto component firms.

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SHARE MARKET NIFTY UPDATE

RESEARCH BHASKAR :-

NIFTY SPOT :    R1:9575     R2:9600    R3:9630

PIVOT : 9545    S1:9505       S2:9434       S3:9393

INDEX OUTLOOK :-      

RESEARCH BHASKAR

Nifty is likely to open in a negative note. Nifty is surprising every bull and bear with its move. We are expecting nifty to rise high and rule the stock market today. Momentum indicators are indicating towards more bull market in upcoming trading sessions. Intraday traders are advised to adopt buy on dip strategy for the day. Positional traders are advised to keep their longs for the target of 9700 with a trailing stop loss of 9450. While for contra positions 9650 will be a stop loss.

Strategy: long nifty around 9550 for the target of 9600 with stop loss of 9505.

SECTORIAL INDICES :- 

RESEARCH BHASKAR

CORPORATE NEWS :-     

  Results today: L&T, Coal India, NTPC, BPCL, Power Grid Corporation, BHEL, Bharat Electronics, Aurobindo Pharma, NHPC Listing: PSP Projects RMV Switchgear to come forward with new project of manufacturing of environmental friendly Imitation Marble and Wooden Surfaces  for walls and floors with production capacity of more than 20 lakh square feet of sheets/ profile per annum’ with a capex of Rs 8.01 crore and is likely to commence its commercial 

production from the month of June 2017 EID Parry: Crisil upgrades rating to AA-/stable Igarshi Motors board approves bonus issue Balkirshna Paper Mills to raise funds to the tune of Rs 25 crore by issuing 25,00,000, 9 percent cumulative redeemable preference shares of face value of Rs 100 each Bank of Baroda to raise additional Rs 9,000 crore (Rs 6,000 crore through equity capital and Rs 3,000 crore through tier 1 bonds) Jindal Stainless Steel allotted 6 crore shares to lender of the company at conversion price of Rs39/share CG power has received an offer for acquisition of the company’s power business in United States of America, comprised in its subsidiary, CG Power Systems USA Inc (PSUS) Mercator has been awarded a contract by the New Mangalore Port Trust for maintenance dredging at New Mangalore Port for a period of three years; value of the contract is Rs 98 crore Brookfiled in talks to buy towers of Idea Cellular and Vodafone at an enterprise value of Rs 6,454 crore: ET Reliance Communications trips on loan servicing with over 10 domestic lenders: ET BALCO working on a plan to enhance capacity Indian Hotels in focus: Bankers value Taj Hotel at Rs 1,000 crore, bids for Mansingh may go up to Rs  3,000 crore: BS

Tata Communications in focus: Tata Teleservices net worth erodes by Rs 11,650 crore: BS Torrent Pharma turns sales focus to Brazil, Germany: BS Raymond lines up Rs 350 crore     expansion plan: ET  Ashok Leyland has 3 pronged approach for electric buses SAIL’s salem unit sale hits a roadblock IOC seeks 2,700 acres to expand Paradip petrochem project-Jindal Steel completes construction 4 mtpa blast furnace in Odisha.

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NIFTY EPORT | RESEARCH BHASKAR

RESEARCH BHASKAR :-

NIFTY SPOT :    R1:9539     R2:9580    R3:9600

PIVOT : 9463    S1:9419      S2:9343     S3:9300

INDEX OUTLOOK :-     

Nifty is likely to open in a negative note. After a unexpected bull rally on expiry nifty has surprised everyone. Momentum indicator RSI is indicating over bought zone for nifty. We are expecting nifty to show some correction from this level. For positional traders it is advised to create fresh shorts round 9525 with a small stop loss of 9575 for the target of 9350.Intraday traders are advised to adopt buy on dips strategy for the session.

RESEARCH BHASKAR

Strategy: long nifty around 9450 for the target of 9500 with stop loss of 9410.

SECTORIAL INDICES :-

RESEARCH BHASKAR

CORPORATE NEWS :-      

Results Today: ITC, Sun Pharma, DLF, HPCL, 3M India, Divis Laboratories, Tech Mahindra, ONGC, SUN TV, Crompton Greaves Consumer Electricals, CG Power And Industrial Solutions, Indoco Remedies, NBCC (India), Tata Chemicals, Torrent Pharmaceuticals, Mahanagar Gas, Alkem Laboratories, Eros International Media, Indian Hotels, Maharashtra Seamless, OMDC, Sudarshan Chemical, Sunteck Realty, Trent, Gujarat Alkalies Chemicals, Gujarat State Financial Corporation, Arman Financial Services, Asahi Songwon Colors, Asian Hotels (West), Associated Alcohols Breweries, Allied Digital Services, Borax Morarji, Eros International Media, Excel Industries, FDC, Finolex Industries, Geojit Financial Services, Hind Rectifiers, IFB Industries, Jindal Drilling Industries, Kakatiya Cement Sugar Industries, Kamat Hotels, Kwality, Maharashtra Seamless, Mandhana Industries, Manugraph India, Satin Creditcare Network.

Tata Power Issuance of non-convertible debentures of Rs 500 crore

IDBI Bank CARE revises rating to CARE A negative of Lower tier II bond amounting to 50cr Crafts Comprehensive Turnaround strategy; takes steps to shore up capital

Infosys Announces strategic alliance with HP Inc. to Accelerate Digital Transformation for the Enterprise

Glenmark Pharma S&P Global Ratings has reaffirmed our credit rating as BB

NALCO Inks MOU with Government of India setting Higher Targets in production

Fortune Financial Board has approved raising of equity capital up to Rs. 400 crore, through private placement, QIP

IT stocks (Infosys, TCS, Tech Mahondra) Cognizant says not planning layoffs

Dr Reddy’s SEZ unit completes USFDA inspection for second time

IDBI Bank Bank plans to raise more money as part of its turnaround plan.

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DAILY NIFTY REPORT | RESEARCH BHASKAR

RESEARCH BHASKAR :- 

NIFTY SPOT :  R1:9423    R2:9481     R3:9523

PIVOT : 9381  S1:9323      S2:9281      S3:9223 

 INDEX OUTLOOK :- 

 
 Nifty is likely to open in a positive note today. On this day of expiry we are expecting nifty to close around 9400(+15/-15). Positional traders are advised to sit back and relax for making new positions. Intraday traders are advised to adopt sell on rise strategy. Traders can short nifty around 9420 with a stop loss of 9460 for the target of 9360.

RESEARCH BHASKAR

Strategy: short nifty around 9420 with a stop loss of 9460 for the target of 9360.

 SECTORIAL INDICES :-

RESEARCH BHASKAR

CORPORATE NEWS :-    

 
Results Today: Indian Oil Corporation, Cipla, Britannia Industries, Ashok Leyland, Bosch, NMDC, Page Industries, Gujarat State Petronet, Redington India, Repco Home Finance, Bajaj Hindusthan Sugar, Adlabs Entert, Balkrishna Industries, Container Corporation Of India, AIA Engineering, Dhampur Sugar Mills, HeidelbergCement India, MphasiS, Manappuram Finance, Bodal Chemicals, BF Utilities, Butterfly Gandhimathi Appliances, DFM Foods, Excel Crop Care, Archies, Hawkins Cooker, Heritage Foods, Honeywell Automation India, Hotel Leela Venture, ITI, Kalyani Steels, Kiri Industries, L T Foods, Lakshmi Mills Company, Liberty Shoes, Mawana Sugars, Prism Cement, Saregama India, South India Paper Mills, Star Paper Mills, Thomas Cook, Timex Group India, TPL Plastech, Va Tech Wabag, Vadilal Industries, VST Tillers Tractors, West Coast Paper Mills, Zodiac-JRD-MKJ, Greenlam Industries, MEP Infrastructure Developers, Lux Industries Max Financial  Has not received any formal communication from regulator.     

Jaiprakash Power Calls a meeting to restructure old bonds Asks to waive all current bond defaults Cabinet approves 10.6 percent increase in FRP for sugarcane for 2017-18 Defence Minister says Cabinet clears policy for strategic partnerships in Defence.

M&M On CNBC-TV18: Welcome Cabinet move, it’s in line with global practice Policy for FDI in defence is rational & well-structured M&M has natural strength in aerospace & armoured vehicles See opportunities of Rs 20,000-50,000 crore in every sector.

CNBC-TV18 Exclusive: CNBC-TV18 accesses USFDA’s observation report on Lupin’s Indore plant USFDA has issued 6 observations on Lupin’s Indore plant Alert: USFDA inspected Indore plant between May 8–19, 2017.

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RESEARCH BHASKAR :- 

NIFTY SPOT :   R1:9445    R2:9501     R3:9538

PIVOT : 9400   S1:9352      S2:9315      S3:9259

RESEARCH BHASKAR

  INDEX OUTLOOK :-      

Nifty is likely to open in a positive note today. As we are witnessing, nifty is ruled by bears right now but bulls are trying their hard to keep nifty above 9400.For positional traders it is advised to keep their stop loss at 9380 for longs while for contra positions stop loss should be 9525.For intraday traders, it is advised to adopt sell on rise strategy.

Strategy: short nifty around 9440 with a stop loss of 9475 for the target of 9380.

SECTORIAL INDICES :- 

RESEARCH BHASKAR

  CORPORATE NEWS :-

      Results Today: Lupin, Bharat Forge, Adani Ports, Amara Raja Batteries, Adani Ent, Jain Irrigation, Dish TV India, Somany Ceramics, Kaveri Seed, Gujarat Gas, Praj Industries, Religare Enterprises, GE T&D India, Aptech, Asahi India Glass, Bayer CropScience, Emkay Global, Fineotex Chemical, Garware-Wall Ropes, Global Vectra Helicorp, Gujarat Sidhee Cement, GVK Power Infrastructure, Intrasoft Technologies, Jubilant Industries, Kopran, Kuantum Papers, Minda Corporation, Mukand Engineers, Mukand, Mukta Arts, Murudeshwar Ceramics, Punjab Alkalies Chemicals, Rajapalayam Mills, Sanghi Industries, Shalimar Paints, Sona Koyo Steering, Zee Media Corporation, Wonderla Holidays, Sundram Fasteners, Talbros Automotive Components, Timken India, TVS Srichakra,PNC Infratech

Voltas enters into JV with Ardutch B.V. (a subsidiary of Arçelik A.S.; part of the Koç Group – Turkey’s largest industrial and services group)

Videocon Says Crash in stock price due to classification of NPA by Dena Bank CCI approves amalgamation of Videocon D2H with Dish TV CCI approves acquisition of up to 6.02 percent stake by Aceville in Flipkart

JHS Svendgaard Conversion of 4.4 lakh warrants into equity shares allotted on preferential basis

TV Today Network Migration from Phase II to Phase III of 3 FM radio stations

Mangalore Chemicals & Fertilizers CARE has revised the Long Term Rating to BBB Stable from BBB-; Stable and Short Term Rating to BBB from BBB-

Cerebra Integrated Technologies Karnataka State Pollution Control Board has issued its consent to start production for its E-Waste recycling plant setup on a 12 acre land

AIA Engineering Magotteaux initiates arbitral proceedings against co. demands $60 million in damages.

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RESEARCH BHASKAR :-

NIFTY SPOT :   R1:9481   R2:9519     R3:9530

PIVOT : 9454   S1:9389     S2:9416     S3:9400

INDEX OUTLOOK :-   

Nifty is likely to open in a negative note. Momentum indicator like RSI is likely to wave red flag in the favour of bears. Bears are like to get served by bulls for today’s trading session. As we noticed nifty was trading at PE of 24.80 which is not suitable according to current scenario. We are expecting nifty to apply for a steep correction in upcoming trading sessions.

RESEARCH  BHASKAR

Strategy:- short nifty around 9475 with a stop loss of 9510 for the target of 9430

SECTORIAL INDICES :-

RESEARCH BHASKAR

CORPORATE NEWS :-     
Results Today:

 Tata Motors, Jindal Steel & Power, NCC, Torrent Power, Voltas, Prabhat Dairy, Sequent Scientific, Novartis India, Radico Khaitan, Kolte Patil, Jubilant Life Sciences, Johnson Controls Hitachi Air Conditioning, Entertainment Network, Essel Propack, Bharat Gears, Capital Trust, Century Plyboards, Future Retail, Cineline India, Clariant Chemicals, Cupid, DCM Shriram Industries, Balaji Telefilms, Ballarpur Industries, Advani Hotels Resorts, Genus Power Infrastructures, Goodricke Group, Grindwell Norton, Himatsingka Seide, Hindustan Composites, Indowind Energy, Ind-Swift Laboratories, Infinite Computer Solutions India, Ingersoll-Rand, Ion Exchange, J B Chemicals, JHS Svendgaard Laboratories, Moser Baer, Oriental Carbon Chemicals, PPAP Automotive, Saurashtra Cement, Shriram EPC, Subros, TCI Express, APL Apollo Tubes, TRF

Reliance Comm Says: CARE Downgrades Co’s Long-Term Loans To BB From A-; Put On Credit Watch CARE Downgrades Co’s Short-term Loans From A2+ to ‘A4; CARE Puts Co’s Loans On Credit Watch With Developing Implications SRF setting-up of a facility to produce agrochemical at SRF's Chemical Complex in Dahej, Gujarat at an estimated cost of Rs. 180 Crores

Prakash Industries Issuance of New FCCBs

MT Educare subsidiary Lakshya Educare, has been sanctioned a long term debt facility from Xander Finance (Xander) of Rs 110 crore

Shipping Corporation of India (SCI) Has given physical delivery of its 1 container vessel m.v. ‘Indira Gandhi' to its buyer

Adani Enterprises Company to delay decision on Australis mine

Clariant Chemicals Swiss group Clariant (global parent) announced an all-stock deal to merge with the US-based Huntsman Corp.

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RESEARCH BHASKAR :-


NIFTY SPOT :   R1:9441   R2:9469  R3:9523


PIVOT : 9415   S1:9361    S2:9307    S3:9253


CHART INTERPRETATION :-  

Nifty is trading near its all time high of 9464.Nifty is likely to open in a positive note with around 30 points. Nifty is in strong bull trend. For positional traders, it is advised to adopt buy on dips strategy with a stop loss of 9350 while for intraday trader it is advised ot buy nifty around its Pivot point which is at 9415 with a stop loss of 9380. Momentum indicators like RSI, MACD are waving their flag in favour of bulls.

RESEARCH BHASKAR

INDEX OUTLOOK :-    

Nifty Future :-

The Nifty is likely to open flat to positive on the back of string Asian cues. It’s important to sustain above 9380 to move upwards. Buy Nifty around 9420 with a stop loss of 9380 for the target of 9500Nifty Bank Future: Profit booking was seen after hitting new life time However; private sector banks like Axis and HDFC Bank have seen a long accumulation pattern. Looking at the build-up in 23000 strikes, we feel the index is well placed to test highest Call base. Buy Nifty Bank in the range of 22600-22650, targets: 22750-22850, stop loss: 22500

SECTORIAL INDICES :-

RESEARCH BHASKAR

CORPORATE NEWS :-     

Godrej Industries in focus: Godrej Agrovet directors approve IPO Premier Explosives' preferential issue of total 1,38,000 warrants and 6,13,000 equity shares to promoters & non promoters United Bank of India revised marginal cost of funds based lending rate (MCLR)Corporation Bank fixed marginal cost of funds based lending rate GMR Infra to sell stakes in Indonesian coal mining entities: Mint Tata Metaliks shuts down plant -Power Grid to offer masala bonds, to set up solar park in Gujara Welspun Enterprises in focus: CARE upgrades rating to A1 Swaraj Auto board approves new business plan to set up seat frame manufacturing unit Vishnu Chemicals' shares pledged by promoters Karnataka Bank promoted Shri Raghavendra Bhat M as the new chief general manager of the bank Hindustan Copper board meeting on May 17 to consider fund raising plans Coffee Day to acquire majority equity stake in a company in the express logistics business with annual revenue of Rs 40 crore Ferro Alloys setting up additional 27MVA Furnace TTK Prestige set to break health insurance JV with Cigna: ETPiramal Enterprises in focus: Lodha gets Rs 1,800 crore from Piramal arm: ToI Adani Enterprises' renewable energy arm aims to raise USD 200 million: Mint InterGlobe Aviation may tap former staff for regional plans: Mint TeamLease sees decline in hiring over next 6 months JSW Energy extends deadline to close Jaypee Power deal to December.

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Asian shares show relief over French moderate Emmanuel Macron's win

 Asian shares show relief over French moderate Emmanuel Macron's win

RESEARCH BHASKAR :-

Asian shares rose Monday after Emmanuel Macron, a centrist would-be reformer and supporter of the European Union, won the French presidential election.

Japan's benchmark Nikkei 225 added 1.6 per cent in the morning session to 19,763.25, reflecting investor relief over the outcome.

The euro, shared by France and 18 other countries, was trading at $1.0966. It had edged up 0.1 per cent to $1.1013 in late Sunday trading in Europe. The dollar was trading at 112.81 yen, up slightly from 112.59 yen late Friday in Asia. 

RESEARCH BHASKAR

 Other Asian stock markets were also higher, cheered by the results.

South Korea's Kospi added nearly 0.6 per cent to 2,253.90. Australia's S&P/ASX 200 gained 0.6 per cent to 5,872.60.

France's CAC 40 index had risen last week to its highest since early 2008 _ before the worst of the global financial crisis _ in anticipation of the result.  

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RESEARCH BHASKAR :- 

NIFTY SPOT :        R1:9350        R2:9416          R3:9456

PIVOT : 9311.46     S1:9245        S2:9206          S3:9140

CHART INTERPRETATION :-   

The Nifty took support precisely near the cluster of support placed around 9060-9070 region as it is the upper band of bullish gap area formed on March 14, 2017 post state election results (9060) and 80% retracement of the last rising segment placed around 9070. Going forward, we expect the index to trade with a positive bias and a decisive close above 9310 will add fuel to the ongoing momentum and open further upsides towards 9450 over the short term as it is the value of the trend line joining 2016 yearly high and March 2017 peak of 9218. Among oscillators, the 14 period RSI is exhibiting a negative divergence as it has formed lower high against higher high on price front. This may keep the index vulnerable to bouts of profit taking at higher levels.

 
INDEX OUTLOOK :-

Nifty Future:-

The Nifty is likely to open flat to positive on the back of weak Asian cues.

Its important to sustain above 9260 to move upwards. Buy Nifty near 9270-9290 for targets of 9350,9400 stop loss: 9250 Nifty Bank Future: The index witnessed a sharp fall last Friday. However, the level of 22500 acted as a strong support for the day. Towards the end, the index ended well above 22650 with stock specific activity in a few heavyweights. We feel the index has a strong support near 22500. It is advisable to buy on dips until the index does not end below these levels. Buy Nifty Bank in the range of 22500-22550, targets: 22650-22750, stop loss: 22430.

CORPORATE NEWS :-     

Eicher Motors’ consolidated revenue increased by 23.2% YoY to Rs. 1,888cr. EBITDA for the quarter rose 30.8% YoY to Rs. 584.7cr with a 179bps expansion in EBIDTA margin, which stood at 31%. PAT increased by 33.9% YoY to Rs. 459cr, partly led by 22% YoY rise in other income.

Atul Ltd reported 15.2% increase in its standalone revenue, which stood at Rs. 720cr, primarily driven by 29% YoY growth in Life Science Chemicals and 12% YoY growth in performance and other chemicals segment. EBITDA for the quarter fell by 10.5% YoY to Rs. 101cr with a 405 bps contraction in EBITDA margins, which stood at 14%. The margin contraction was driven by increase in power & fuel cost and raw material prices. PAT declined by 3% YoY to Rs. 64cr.

Shares of Jubilant Life Sciences closed higher by 3.5% on news that the company is going to acquire the radio pharmacy business of Triad Isotopes. The acquisition will facilitate Jubilant forward integrate in the radiopharmaceutical business, thereby helping it better directly serve healthcare providers and their patients with high quality radiopharmaceutical products.

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SUPPORT & RESISTANCE

RESEARCH BHASKAR :-

NIFTY SPOT :   R1:9378    R2:9405  R3:9444

PIVOT : 9339   S1:9312    S2:9273   S3:9246

CHART INTERPRETATION :-  

The Nifty took support precisely near the cluster of support placed around 9060-9070 region as it is the       upper band of bullish gap area formed on March 14, 2017 post state election results (9060) and 80% retracement of the last rising segment placed around 9070. As highlighted in the earlier edition, the slower pace of current decline consuming 12 sessions and retracing about 80% of the preceding six session rise (9024 to 9273) highlights the corrective nature of the current down move upholding the overall positive price structure. Going forward, we expect the index to trade with a positive bias and a decisive close above 9310 will add fuel to the ongoing momentum and open further upsides towards 9450 over the short term as it is the value of the trend line joining 2016 yearly high and March 2017 peak of 9218.

INDEX OUTLOOK:-    

Nifty Future: The Nifty is likely to open flat on the back of week global cues. Its important to sustain above 9310-3335 to move upwards. Buy Nifty near 9330 for targets of 9360-9380, stop loss: 9300 Nifty Bank Future: Long participation for the May series continued where the index ended well above 22200 and added near 6% in open interest. As the index moved higher, the Call OI concentration has shifted towards 22500 indicating more upside in the banking space. Buy Nifty Bank in the range of 21980-22020, targets: 22200-22400, stop loss: 21900.

SECTORIAL INDICES :- 

CORPORATE NEWS:-   

Dilip Buildcon Ltd (DBL) bagged three road projects worth Rs. 3,269 Cr in Maharashtra from the National Highway Authority of India. DBL has incorporated three SPV (Special Purpose Vehicle) companies for the projects.

PVR signed a deal with IMAX for additional 5 screens. IMAX is known for delivering better movie experience. The installation of the additional screens would cost approximately Rs. 55 Cr.

Kolte Patil Developers signed its largest re-development project in Mumbai with 15,035 square meters plot area. The project is located in a strategic region in the vicinity of the highway and upcoming metro line.

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