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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