Nifty 8128/Sensex 26524/Bank Nifty 17561
29 Advances/ 21 Declines/1 Unchanged
“Europe rally lifts Sensex 122 pts, Nifty above 8100; Lupin up 4%”
“Brexit gives investors a chance to play the markets: JPMorgan”
Nifty 50 showed a positive session among BREXIT news as uncertainty clears in Indian market and much of the shock was absorbed by market in previous session of panic and range bound consolidation to hold 8100 and therefore we saw Nifty 50 open positively at 8096 and from there made high of 8146 on expected note as bulls and investors were finding attractive levels to enter long term and therefore closed a positive session at 8128 with gain of 33 points or increase of 0.41 to the index.
Key highlights of 24th June 2016
Adi Godrej sees GST, pay revisions driving consumption
.S Vishwanathan to be new RBI deputy governor
Liquid Telecom to buy Tata's South African arm for Rs 2900 cr
Idea up 5%; says unfazed by competition, market share won't be hurt
CS, Accenture, Cognizant may feel Brexit pinch: Moshe Katri
Nomura downgrades Dabur on expensive valuations but ups target
Panacea Biotec shares rally 10% on launch of antidiabetic drug
Gujarat Gas up 10% on gas distribution permission in Gujarat
Punj Lloyd up 12%, to place Singapore arms under judicial management
Pay revisions may add 10% to industry growth rate: Hitachi
OCL India to merge Dalmia Cement East with itself
Expect June deficit to come down to 10-12%, says Met Dept
Confident of 25% organic growth for next 3 years: Take Solutions
Brexit to hit revenues, but Q1 is a safe period: Mastek
Nifty likely to tick up to 8700-9100 levels by year end: CLSA
Our Blog Call To Buy Lupin (cash/Fut ) Above 1500 proved great as Lupin made high of 1548 before settling at 1544 on closing.
Our call To Buy Engineering India (Fut) around 203 proved great as Engineering India made high of 208.45 before settling at 204.45 on closing.We booked part profit around 208 .
We also recommended Buying in Hind Petro (Fut) around 982—980.It made high of 997.10 before settling at 993.50.We booked profit around 993
Our calls proven fruitful even in turmoil market
“Hope you all Minted money” Just trade with level and you will mint money.
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Now what next for today??
NIFTY FUTURES: Nifty 50 was in same trajectory to spot nifty and showed a positive session on expected not as BREXIT fear was absorbed and positive sentiments created in market for long term buy at attractive level and hence we say Nifty 50 futures opened positively at 8058 and from there made high of 8186 before finally closing the positive session at 8168 with gain of 64 points or increase of 0.80% to the index. Nifty 50 settled at premium of 40 which shows that Nifty 50 future is positionally strong on closing basis.
It is showing near term immediate crucial resistance at 8190--8230 and likely to test its resistance. If it breach and sustain positively then it could test further till 8280---8320 mark.
It has a near term support intact at 8050. If this level is not sustained then we may see some panic again. Next support around 7950--7920.
We clearly indicated to buy Nifty around 8000---7900 mark. Remember or not???
Today's Top Pick
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