Nifty 8218/Sensex 26843/Bank Nifty 17567
33 Advances/18 Declines/0 Unchanged
Sensex, Nifty end at 2016 closing high; Wipro, Sun Pharma drag
“S&P BSE Metal, Bank Nifty, S&P BSE BANKEX among Gaining sector, S&P BSE Healthcare, S&P BSE Consumer Durable among draggers”
Nifty 50 traded today with immense volatility among impending global events as nifty 50 opened on hawkish note considering OPEC Meet ,ECB meet and BREXIT news coming from European markets as this were creating uncertainty at opening session but later turned to highly bullish as Nifty overall trend was still positive. Nifty 50 opened at 8157 and made low of 8155 after making high of 8230 before closing at 8219 on positive not with 39 points to index or gain of 0.48% to the index.
Key highlights of 2 nd June:
• CLSA downgrades Asian Paints, says it's 'expensive diamond'.
• Tata Motors up over 2% on JLR US sales; CV sales beats estimates.
• Rolta falls 5% after S&P, Fitch lower credit rating again
• Highly unlikely OPEC will agree on output freeze: Citi .
• See Nifty 9000-9200 by Diwali; worst over for PSU banks: Baliga .
• Targeting 15-17% EBIDTA margins in FY17: Mahindra CIE.
• Joint venture with Adani to open more doors: Marathon Nextgen.
• It's raining good news: MET says monsoon to be above-normal
• Expect 30-35% bottom-line growth in FY16: Brigade Enterprises
• Yes Bank plans to raise $1 bn in FY17
• Tulsian calls for SEBI probe in Zee Learn-Tree House deal.
We minted money in our recommended stocks... Have a look on it.
Our call To Buy Coal India (Fut) around 294—292 proved great as Coal India made high of 310.85 before settling at 308.65 on closing. We booked full Profit above 310
We recommended buying Crompton Greaves (Cash) around 64.50--64. Too made a high of 74.90 before settling at 74.00.
Yesterday... our buy call of Reliance. Moving towards north direction.
Hope you all are minting money in DLF too.
Still need trial... need not to worry at all? Watch more!!
Now what to expect???
Nifty Above 8230... we will see rally in Nifty future till 8280---8350+ mark in days to come.
Support intact at 8170---8130.
Fresh sell only close below 8130 mark.
Bank Nifty
Currently Bank Nifty at 17559 has crucial resistance at 17700. If this level breach and sustain then one may see next resistance building around 18000---18200+ mark in days to come.
It also has a near term crucial support 17300.
Trade safely with levels only. More levels will update soon
Today's Top Pick
Zeel... Above 455. Catch it. We will see rally till 470---480+ mark in days to come.
Support at 440.
More will update soon!! Keep following our blog and App!!
