Nifty 8156/Sensex 26653/Bank Nifty 17511
35 Advances/15 Declines/1 Unchanged
Sensex, Nifty post biggest weekly gains in 3 months; SBI zooms 9%
“Nifty Midcap 100,Bank Nifty , IT, BSE Health care , S&P oil &Gas, Auto Sector Fuels market as Nifty 50 Skyrocketed”
Nifty 50 has been in upward trend since the start of this week among improving global and domestic economic environment as Q4 numbers of heavyweights like SBI lifted the market tremendously and therefore on expected note Nifty 50 opened positively at 8052 and moved on. As it made high of 8164 before closing at 8157 with a gain of 1.08% or 87 points on intraday basis.
Key highlights of 27th May
SBI Q4 net tanks 66%, provisions up 143%, slippages at Rs 30313c.
BPCL at record high, up 10%; OMCs rally as analysts bet on GRM recovery .
India Inc shows growth spreading by end of Modi's sophomore year.
BHEL Q4 profit falls 60% to Rs 360 cr, other income supports.
Morgan Stanley marks down Flipkart's valuation again.
SBI's asset quality woes may continue into H1FY17:
Booster dose: Lupin unit gets US FDA clearance.
United Spirits Q4 net loss at Rs 8.99 cr.
U.S. futures cautious ahead of Yellen and GDP; oil retreats from $50.
Is there anyone who boldly written to buy Nifty future with stop loss below 7650?
Gained more than 300 points in just 3 session.
On stocks..
We Recommended Buying RCOM (FUT) around 48 with SL of 46.It made a high of 50.80 before settling at 49.75 .We Booked part profit above 50.
We also recommended buying Reliance Industries (Fut) around 965--955.It made a high of 978.80.
We recommended Glenmark Pharma (Fut) around 885--880.It made a high of 900.45 before it closed at 895.50.
We also recommended Buying Tata Chemical (Cash/Fut) around 425--422 .It made a high of 458.
Still need trial... need not to worry at all? Watch more!!
Now what next??
Nifty future is showing near term crucial resistance at 8190---8230. If this level is breached on may see resistance building at 8280--8350+ mark in days to come.
Three consecutive closes + weekly close above 8000 will see nonstop rally till 9100---9200+ mark in days to come.
Bank Nifty also followed the same trajectory and skyrocketed as global and domestic news provided Bank Nifty futures with much needed fuel as it opened at 17310 on expected note and made high of 17531 before closing at 17495 with a surge of 1.16 % or 201 points on a single session.
Currently Bank Nifty at 17495 has crucial resistance at 17600. Break and sustain above 17600 will take to 18000---18200 mark. Three consecutive closes + weekly close above 18200 will take to???
We are holding long from 16700 mark.
Trend looks positive and in panic will buy. More levels will update only to our subscribers
Top pick of the day....
Minted money in Nifty, Bank Nifty or not???
Look at ICICI Bank too. Skyrockted from 235---248.
Now what to expect on a fresh call...
SBI... What to do next???
SBI Hurdle at 200 and support at 170. Three consecutive closes above 200 will see sharp upside rally till 230---240+ mark in days to come.
Positional stop loss below 170 on closing basis
More will be update soon!!
